Nexstar Media Group financials
$161.48−0.19%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.95B | $5.41B | $4.93B | $5.21B | $4.65B | $4.50B | $3.04B | $2.77B | $2.43B | $1.10B |
| Gross profit | $2.71B | $3.19B | $2.78B | $3.21B | $2.79B | $2.78B | $1.69B | $1.65B | $1.44B | $721.2M |
| Gross margin | 54.8% | 58.9% | 56.4% | 61.5% | 59.9% | 61.8% | 55.6% | 59.6% | 59.2% | 65.4% |
| Operating income | $852.0M | $1.27B | $706.0M | $1.31B | $1.18B | $1.42B | $574.6M | $768.5M | $447.9M | $287.3M |
| Net income | $92.0M | $702.0M | $346.0M | $971.0M | $834.0M | $811.5M | $230.3M | $389.5M | $475.0M | $91.5M |
| Net margin | 1.9% | 13.0% | 7.0% | 18.6% | 17.9% | 18.0% | 7.6% | 14.1% | 19.5% | 8.3% |
| Diluted EPS | $3.00 | $21.41 | $9.64 | $24.16 | $18.98 | $17.37 | $4.80 | $8.21 | $10.07 | $2.89 |
| EBITDA | $1.65B | $2.10B | $1.68B | $2.11B | $1.77B | $1.98B | $1.05B | $1.11B | $791.0M | $422.9M |
| Operating cash flow | $891.0M | $1.25B | $999.0M | $1.40B | $1.22B | $1.25B | $417.5M | $798.8M | $109.1M | $303.2M |
| Free cash flow | $743.0M | $1.10B | $850.0M | $1.25B | $1.06B | $1.04B | $220.0M | $692.6M | $36.6M | $271.3M |
| Diluted shares | 30.7M | 32.8M | 35.8M | 40.2M | 44.0M | 46.7M | 47.9M | 47.4M | 47.1M | 31.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $280.0M | $144.0M | $135.0M | $204.0M | $190.9M | $152.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $6.33B | $6.52B | $6.84B | $6.95B | $7.42B | $7.67B |
| Total assets | $10.85B | $11.47B | $12.08B | $12.68B | $13.26B | $13.40B |
| Total liabilities | $8.78B | $9.20B | $9.77B | $9.91B | $10.41B | $10.87B |
| Shareholders' equity | $2.04B | $2.24B | $2.31B | $2.77B | $2.86B | $2.54B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology