Nexstar Media Group (NXST) Financials

$175.27 +3.48 (+2.03%)

As of 10:39 AM Eastern

Annual Income Statements for Nexstar Media Group

This table shows Nexstar Media Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	78	92	475	389	230	812	834	971	346	722
Consolidated Net Income / (Loss)	76	93	475	388	236	808	830	943	270	683
Net Income / (Loss) Continuing Operations	76	93	475	388	236	808	830	943	270	683
Total Pre-Tax Income	125	171	241	533	373	1,105	1,093	1,217	401	959
Total Operating Income	206	287	506	758	655	1,375	1,175	1,312	708	1,268
Total Gross Profit	896	1,103	2,432	2,767	3,039	4,501	4,648	5,211	4,933	5,407
Total Revenue	896	1,103	2,432	2,767	3,039	4,501	4,648	5,211	4,933	5,407
Operating Revenue	896	1,103	2,432	2,767	3,039	4,501	4,648	5,211	4,933	5,407
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	690	816	1,926	2,009	2,384	3,133	3,473	3,899	4,225	4,139
Selling, General & Admin Expense	232	264	605	580	730	912	1,024	1,098	1,098	1,088
Depreciation Expense	47	51	101	110	123	565	589	662	941	808
Other Operating Expenses / (Income)	302	382	993	1,089	1,278	1,667	1,837	2,006	2,151	2,219
Impairment Charge	-	15	20	20	63	0.00	23	133	35	24
Total Other Income / (Expense), net	-81	-117	-264	-225	-282	-271	-82	-95	-307	-309
Interest Expense	81	116	276	233	315	386	286	337	447	444
Interest & Investment Income	-	-	-1.27	-2.44	18	70	125	153	104	70
Other Income / (Expense), net	-0.52	-0.56	13	11	15	45	79	89	36	65
Income Tax Expense	49	78	-234	145	137	297	263	274	131	276
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.30	1.56	0.33	-1.21	6.04	-3.40	-4.00	-28	-76	-39
Basic Earnings per Share	$2.50	$2.98	$10.38	$8.52	$5.01	$18.06	$19.81	$24.68	$9.78	$21.73
Weighted Average Basic Shares Outstanding	31.10M	30.69M	45.75M	45.72M	45.99M	44.92M	42.13M	39.35M	35.32M	32.31M
Diluted Earnings per Share	$2.42	$2.89	$10.07	$8.21	$4.80	$17.37	$18.98	$24.16	$9.64	$21.41
Weighted Average Diluted Shares Outstanding	32.09M	31.66M	47.15M	47.41M	47.92M	46.72M	43.98M	40.19M	35.83M	32.80M
Weighted Average Basic & Diluted Shares Outstanding	31.10M	30.70M	45.80M	45.75M	45.86M	43.38M	41.00M	36.77M	33.43M	30.51M
Cash Dividends to Common per Share	$0.76	$0.96	$1.20	$1.50	$1.80	$2.24	$2.80	$3.60	$5.40	$6.76

This table shows Nexstar Media Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	289	203	111	96	25	114	175	118	187	242	108
Consolidated Net Income / (Loss)	288	177	88	75	8.00	99	167	106	180	230	97
Net Income / (Loss) Continuing Operations	288	177	88	75	8.00	99	167	106	180	230	97
Total Pre-Tax Income	370	245	130	110	14	147	228	149	244	338	138
Total Operating Income	356	293	204	179	94	231	275	240	335	418	220
Total Gross Profit	1,269	1,487	1,257	1,240	1,132	1,304	1,284	1,269	1,366	1,488	1,234
Total Revenue	1,269	1,487	1,257	1,240	1,132	1,304	1,284	1,269	1,366	1,488	1,234
Operating Revenue	1,269	1,487	1,257	1,240	1,132	1,304	1,284	1,269	1,366	1,488	1,234
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	913	1,192	1,053	1,061	1,038	1,073	1,009	1,029	1,031	1,070	1,014
Selling, General & Admin Expense	260	324	266	262	281	289	271	269	278	270	257
Depreciation Expense	142	232	249	262	220	210	190	208	190	220	205
Other Operating Expenses / (Income)	511	503	538	537	537	539	548	552	563	556	552
Total Other Income / (Expense), net	14	-48	-74	-69	-80	-84	-47	-91	-91	-80	-82
Interest Expense	89	103	107	111	113	116	114	113	113	104	97
Interest & Investment Income	37	42	25	32	24	23	19	16	17	18	8.00
Other Income / (Expense), net	66	13	8.00	10	9.00	9.00	48	6.00	5.00	6.00	7.00
Income Tax Expense	82	68	42	35	6.00	48	61	43	64	108	41
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	-26	-23	-21	17	-49	-8.00	-12	7.00	-26	-11
Basic Earnings per Share	$7.45	$5.42	$3.03	$2.68	$0.71	$3.36	$5.25	$3.59	$5.34	$7.55	$3.41
Weighted Average Basic Shares Outstanding	38.77M	39.35M	36.72M	35.79M	34.93M	35.32M	33.45M	32.82M	32.02M	32.31M	30.53M
Diluted Earnings per Share	$7.30	$5.31	$2.97	$2.64	$0.70	$3.33	$5.16	$3.54	$5.27	$7.44	$3.37
Weighted Average Diluted Shares Outstanding	39.56M	40.19M	37.45M	36.31M	35.37M	35.83M	34.02M	33.29M	32.44M	32.80M	30.93M
Weighted Average Basic & Diluted Shares Outstanding	37.71M	36.77M	35.86M	35.08M	33.93M	33.43M	32.83M	32.26M	31.02M	30.51M	30.15M
Cash Dividends to Common per Share	$0.90	-	$1.35	$1.35	$1.35	-	$1.69	$1.69	$1.69	-	$1.86

This table details how cash moves in and out of Nexstar Media Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-88	972	-900	29	201	-79	38	13	-73	-3.00
Net Cash From Operating Activities	205	284	109	737	417	1,254	1,215	1,403	999	1,250
Net Cash From Continuing Operating Activities	205	284	109	737	417	1,254	1,215	1,403	999	1,250
Net Income / (Loss) Continuing Operations	76	93	475	388	236	808	830	943	270	683
Consolidated Net Income / (Loss)	76	93	475	388	236	808	830	943	270	683
Depreciation Expense	47	51	101	110	123	565	589	662	941	808
Amortization Expense	74	75	233	221	297	17	15	13	11	12
Non-Cash Adjustments To Reconcile Net Income	-5.87	6.66	-32	-9.13	-141	-9.20	-3.00	-8.00	-156	-179
Changes in Operating Assets and Liabilities, net	13	59	-668	27	-99	-127	-216	-207	-67	-74
Net Cash From Investing Activities	-474	-135	-2,066	-176	-4,702	-40	-232	125	-173	-102
Net Cash From Continuing Investing Activities	-474	-135	-2,066	-176	-4,604	-40	-232	125	-173	-102
Purchase of Property, Plant & Equipment	-29	-32	-72	-106	-198	-217	-151	-157	-149	-145
Acquisitions	-476	-104	-2,975	-104	-5,886	-386	-138	29	-38	0.00
Sale of Property, Plant & Equipment	3.62	0.72	20	4.34	4.45	2.60	18	241	8.00	5.00
Sale and/or Maturity of Investments	-	-	-	0.00	2.21	0.00	-	0.00	0.00	40
Other Investing Activities, net	-	-	479	30	71	149	39	12	6.00	-2.00
Net Cash From Financing Activities	181	823	1,057	-532	4,388	-1,294	-945	-1,515	-899	-1,151
Net Cash From Continuing Financing Activities	181	823	1,057	-532	4,397	-1,294	-945	-1,515	-899	-1,151
Repayment of Debt	-173	-101	-1,992	-653	-984	-2,218	-583	-2,968	-146	-388
Repurchase of Common Equity	-49	-	-99	-51	-45	-282	-537	-881	-605	-601
Payment of Dividends	-24	-30	-123	-71	-89	-101	-118	-142	-191	-219
Issuance of Debt	422	958	3,534	252	5,524	1,327	321	2,480	20	55
Issuance of Common Equity	-	-	-	-	-	0.80	0.00	30	62	19
Other Financing Activities, net	3.46	-4.68	-263	-8.87	-7.41	-20	-28	-34	-39	-17
Cash Interest Paid	70	78	240	219	251	324	273	330	437	431
Cash Income Taxes Paid	29	29	273	91	315	352	320	370	169	254

This table details how cash moves in and out of Nexstar Media Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	71	-143	207	-67	-196	-17	90	-91	35	-37	109
Net Cash From Operating Activities	376	218	494	185	138	182	276	176	387	411	337
Net Cash From Continuing Operating Activities	376	218	494	185	138	182	276	176	387	411	337
Net Income / (Loss) Continuing Operations	288	177	88	75	8.00	99	167	106	180	230	97
Consolidated Net Income / (Loss)	288	177	88	75	8.00	99	167	106	180	230	97
Depreciation Expense	143	231	249	262	220	210	190	208	190	220	205
Non-Cash Adjustments To Reconcile Net Income	-99	-25	73	-70	-104	-55	3.00	-67	-68	-47	44
Changes in Operating Assets and Liabilities, net	34	-168	84	-82	6.00	-75	-84	-71	76	5.00	-9.00
Net Cash From Investing Activities	4.00	136	-36	-37	-64	-36	-4.00	-35	-29	-34	-61
Net Cash From Continuing Investing Activities	4.00	136	-36	-37	-64	-36	-4.00	-35	-29	-34	-61
Purchase of Property, Plant & Equipment	-37	-57	-36	-41	-36	-36	-44	-37	-29	-35	-35
Acquisitions	-	-	-	-	-	-	-	-	-	-	-22
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	40	-	-	-	0.00
Other Investing Activities, net	12	-3.00	-	-	10	-8.00	-	-	-	-4.00	-4.00
Net Cash From Financing Activities	-309	-497	-251	-215	-270	-163	-182	-232	-323	-414	-167
Net Cash From Continuing Financing Activities	-309	-497	-251	-215	-270	-163	-182	-232	-323	-414	-167
Repayment of Debt	-57	-237	-34	-26	-31	-55	-87	-29	-84	-188	-35
Repurchase of Common Equity	-215	-260	-176	-139	-194	-96	-111	-135	-177	-178	-75
Payment of Dividends	-29	-34	-50	-48	-47	-46	-57	-55	-55	-52	-57
Issuance of Debt	-	-	0.00	-	-	20	55	-	-	-	0.00
Issuance of Common Equity	-	30	24	12	11	15	19	-	-	-	0.00
Other Financing Activities, net	-8.00	4.00	-15	-14	-9.00	-1.00	-1.00	-13	-7.00	4.00	0.00
Cash Interest Paid	99	87	107	107	121	102	121	98	125	87	107
Cash Income Taxes Paid	95	97	0.00	121	21	27	2.00	175	10	67	2.00

This table presents Nexstar Media Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,835	2,966	7,482	7,062	13,990	13,404	13,265	12,679	12,078	11,468
Total Current Assets	260	363	1,056	767	1,352	1,210	1,413	1,615	1,466	1,297
Cash & Equivalents	43	88	116	145	232	153	191	204	135	144
Restricted Cash	-	27	-	-	17	17	16	16	12	0.00
Accounts Receivable	193	218	563	547	884	905	1,021	1,080	1,095	1,028
Inventories, net	16	-	-	-	-	-	46	194	136	84
Prepaid Expenses	7.32	31	72	23	152	136	139	121	88	41
Plant, Property, & Equipment, net	267	276	734	732	1,290	1,605	1,513	1,262	1,269	1,207
Total Noncurrent Assets	1,309	2,327	5,691	5,743	11,348	10,589	10,339	9,802	9,343	8,964
Long-Term Investments	-	-	-	14	1,477	1,334	1,219	1,119	958	877
Goodwill	452	473	2,143	2,168	2,997	2,984	3,052	2,961	2,946	2,922
Intangible Assets	804	867	3,349	3,180	6,181	5,849	5,627	5,344	5,053	4,776
Other Noncurrent Operating Assets	53	85	199	201	692	423	442	378	386	389
Total Liabilities & Shareholders' Equity	1,835	2,966	7,482	7,062	13,990	13,404	13,265	12,679	12,078	11,468
Total Liabilities	1,749	2,682	5,900	5,193	11,936	10,867	10,407	9,910	9,765	9,200
Total Current Liabilities	146	190	671	404	948	731	787	893	961	783
Short-Term Debt	22	28	93	96	109	21	47	124	124	124
Accounts Payable	26	20	31	68	157	218	248	198	235	133
Accrued Expenses	61	71	176	176	423	307	316	319	350	314
Other Current Liabilities	26	26	331	64	258	184	176	252	252	212
Total Noncurrent Liabilities	1,603	2,492	5,230	4,789	10,989	10,137	9,620	9,017	8,804	8,417
Long-Term Debt	1,454	2,314	4,270	3,885	8,383	7,647	7,368	6,827	6,713	6,399
Noncurrent Deferred & Payable Income Tax Liabilities	102	132	619	634	1,711	1,674	1,729	1,606	1,520	1,487
Other Noncurrent Operating Liabilities	47	46	341	270	895	816	523	584	571	531
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	26
Total Equity & Noncontrolling Interests	86	284	1,581	1,869	2,053	2,537	2,858	2,769	2,313	2,242
Total Preferred & Common Equity	81	169	1,571	1,853	2,031	2,518	2,850	2,741	2,299	2,257
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	80	169	1,570	1,852	2,031	2,518	2,850	2,741	2,299	2,257
Common Stock	396	387	1,343	1,352	1,354	1,363	1,312	1,288	1,283	1,304
Retained Earnings	-268	-177	300	620	779	1,488	2,204	3,033	3,188	3,671
Treasury Stock	-48	-42	-78	-106	-121	-367	-807	-1,607	-2,173	-2,717
Accumulated Other Comprehensive Income / (Loss)	-	-	6.14	-14	20	35	142	27	1.00	-1.00
Noncontrolling Interest	5.70	115	11	16	22	18	7.10	28	14	-15

This table presents Nexstar Media Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	13,098	12,464	12,310	12,047	11,945	11,819	11,693	11,414
Total Current Assets	1,666	1,698	1,573	1,340	1,494	1,472	1,421	1,402
Cash & Equivalents	347	413	346	150	237	146	181	253
Accounts Receivable	987	1,008	944	891	1,051	1,048	1,016	1,030
Inventories, net	155	183	114	133	148	119	132	70
Prepaid Expenses	162	80	155	152	58	159	92	49
Plant, Property, & Equipment, net	1,491	1,256	1,267	1,279	1,264	1,251	1,233	1,200
Total Noncurrent Assets	9,941	9,510	9,470	9,428	9,187	9,096	9,039	8,812
Long-Term Investments	1,089	919	927	946	859	856	869	775
Goodwill	3,052	2,961	2,961	2,965	2,946	2,946	2,946	2,924
Intangible Assets	5,421	5,271	5,197	5,141	4,981	4,911	4,841	4,727
Other Noncurrent Operating Assets	380	359	385	376	401	383	383	386
Total Liabilities & Shareholders' Equity	13,098	12,464	12,310	12,047	11,945	11,819	11,693	11,414
Total Liabilities	10,150	9,811	9,747	9,701	9,599	9,539	9,452	9,164
Total Current Liabilities	915	864	836	852	831	828	846	805
Short-Term Debt	124	124	124	124	124	124	124	124
Accounts Payable	166	207	127	142	115	133	132	113
Accrued Expenses	345	305	333	322	315	348	333	300
Other Current Liabilities	210	228	252	264	277	223	257	268
Total Noncurrent Liabilities	9,235	8,947	8,911	8,849	8,768	8,711	8,606	8,359
Long-Term Debt	7,053	6,799	6,771	6,742	6,686	6,657	6,576	6,371
Noncurrent Deferred & Payable Income Tax Liabilities	1,715	1,593	1,586	1,569	1,508	1,506	1,494	1,471
Other Noncurrent Operating Liabilities	467	555	554	538	574	548	536	517
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	37	19
Total Equity & Noncontrolling Interests	2,948	2,653	2,563	2,346	2,346	2,280	2,204	2,231
Total Preferred & Common Equity	2,926	2,624	2,543	2,332	2,321	2,267	2,219	2,247
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,926	2,624	2,543	2,332	2,321	2,267	2,219	2,247
Common Stock	1,271	1,275	1,263	1,269	1,290	1,281	1,292	1,304
Retained Earnings	2,864	3,094	3,142	3,120	3,306	3,369	3,485	3,718
Treasury Stock	-1,350	-1,772	-1,889	-2,084	-2,276	-2,384	-2,559	-2,774
Accumulated Other Comprehensive Income / (Loss)	141	27	27	27	1.00	1.00	1.00	-1.00
Noncontrolling Interest	22	29	20	14	25	13	-15	-16

This table displays calculated financial ratios and metrics derived from Nexstar Media Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.99%	23.07%	120.45%	13.76%	9.85%	48.10%	3.26%	12.11%	-5.33%	9.61%
EBITDA Growth	32.38%	26.14%	106.50%	28.92%	-0.77%	83.66%	-7.22%	11.73%	-18.30%	26.95%
EBIT Growth	19.06%	39.48%	80.90%	48.15%	-12.81%	111.99%	-11.72%	11.72%	-46.90%	79.17%
NOPAT Growth	24.55%	24.51%	535.30%	-44.55%	-24.89%	142.65%	-11.32%	13.94%	-53.11%	89.44%
Net Income Growth	18.33%	21.89%	410.56%	-18.32%	-39.14%	241.99%	2.71%	13.61%	-71.37%	152.96%
EPS Growth	19.80%	19.42%	248.44%	-18.47%	-41.53%	261.88%	9.27%	27.29%	-60.10%	122.10%
Operating Cash Flow Growth	23.29%	38.45%	-61.62%	575.46%	-43.35%	200.43%	-3.13%	15.47%	-28.80%	25.13%
Free Cash Flow Firm Growth	-878.88%	112.31%	-10,360.12%	122.66%	-472.44%	141.42%	-33.59%	98.58%	-45.20%	44.96%
Invested Capital Growth	33.10%	8.19%	254.44%	-3.01%	54.99%	-1.34%	1.67%	-5.27%	-4.01%	-3.42%
Revenue Q/Q Growth	7.10%	5.51%	16.46%	5.50%	11.04%	6.55%	-2.74%	4.86%	-3.58%	3.52%
EBITDA Q/Q Growth	3.56%	6.47%	13.39%	14.25%	6.85%	14.82%	-8.81%	1.41%	-5.04%	9.90%
EBIT Q/Q Growth	-0.75%	9.60%	10.59%	21.13%	-1.51%	24.36%	-13.12%	-3.36%	-8.49%	16.01%
NOPAT Q/Q Growth	-0.40%	1.72%	274.20%	-41.06%	-6.74%	27.54%	-12.78%	-4.25%	-11.23%	16.23%
Net Income Q/Q Growth	-4.30%	-7.00%	310.18%	-36.73%	-14.67%	44.56%	-10.85%	-8.26%	-22.41%	23.73%
EPS Q/Q Growth	-4.72%	-6.77%	278.57%	-37.04%	-15.19%	46.34%	-8.26%	-3.36%	-17.04%	23.76%
Operating Cash Flow Q/Q Growth	10.06%	17.91%	-36.20%	38.21%	-26.20%	28.11%	-3.44%	-7.60%	-3.48%	22.43%
Free Cash Flow Firm Q/Q Growth	28.87%	279.02%	8.20%	19.93%	-13.18%	7.62%	16.80%	27.00%	-26.76%	19.24%
Invested Capital Q/Q Growth	-0.60%	-3.24%	7.06%	-2.05%	1.93%	3.63%	0.76%	-3.39%	-0.70%	-1.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	36.50%	37.41%	35.04%	39.72%	35.87%	44.49%	39.97%	39.84%	34.38%	39.82%
Operating Margin	22.99%	26.04%	20.79%	27.39%	21.56%	30.56%	25.28%	25.18%	14.35%	23.45%
EBIT Margin	22.94%	25.99%	21.33%	27.78%	22.05%	31.56%	26.98%	26.89%	15.08%	24.65%
Profit (Net Income) Margin	8.52%	8.44%	19.55%	14.03%	7.77%	17.95%	17.86%	18.10%	5.47%	12.63%
Tax Burden Percent	61.07%	54.55%	196.92%	72.85%	63.30%	73.16%	75.94%	77.49%	67.33%	71.22%
Interest Burden Percent	60.83%	59.52%	46.53%	69.35%	55.72%	77.77%	87.16%	86.87%	53.90%	71.94%
Effective Tax Rate	38.93%	45.45%	-96.92%	27.15%	36.70%	26.84%	24.06%	22.51%	32.67%	28.78%
Return on Invested Capital (ROIC)	9.39%	9.84%	26.47%	9.55%	5.72%	11.49%	10.17%	11.80%	5.80%	11.42%
ROIC Less NNEP Spread (ROIC-NNEP)	5.49%	5.32%	8.07%	5.51%	2.35%	8.42%	9.14%	10.53%	2.16%	7.50%
Return on Net Nonoperating Assets (RNNOA)	97.50%	40.39%	24.49%	12.95%	6.33%	23.72%	20.60%	21.72%	4.82%	18.40%
Return on Equity (ROE)	106.90%	50.23%	50.96%	22.51%	12.05%	35.21%	30.77%	33.52%	10.63%	29.82%
Cash Return on Invested Capital (CROIC)	-19.01%	1.97%	-85.51%	12.61%	-37.41%	12.84%	8.51%	17.21%	9.90%	14.90%
Operating Return on Assets (OROA)	12.65%	11.95%	9.93%	10.57%	6.37%	10.37%	9.40%	10.80%	6.01%	11.32%
Return on Assets (ROA)	4.70%	3.88%	9.10%	5.34%	2.24%	5.90%	6.22%	7.27%	2.18%	5.80%
Return on Common Equity (ROCE)	99.41%	33.76%	47.49%	22.32%	11.93%	34.89%	30.62%	33.31%	10.54%	29.66%
Return on Equity Simple (ROE_SIMPLE)	94.68%	55.04%	30.26%	20.96%	11.63%	32.09%	29.12%	34.40%	11.74%	30.26%
Net Operating Profit after Tax (NOPAT)	126	157	996	552	415	1,006	892	1,017	477	903
NOPAT Margin	14.04%	14.21%	40.94%	19.95%	13.64%	22.35%	19.20%	19.51%	9.66%	16.70%
Net Nonoperating Expense Percent (NNEP)	3.90%	4.52%	18.39%	4.04%	3.37%	3.06%	1.02%	1.27%	3.64%	3.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	10.46%	5.21%	10.30%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	25.94%	23.89%	24.88%	20.96%	24.02%	20.26%	22.03%	21.07%	22.26%	20.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	77.01%	73.96%	79.21%	72.61%	78.44%	69.60%	74.72%	74.82%	85.65%	76.55%
Earnings before Interest and Taxes (EBIT)	206	287	519	768	670	1,420	1,254	1,401	744	1,333
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	327	413	852	1,099	1,090	2,003	1,858	2,076	1,696	2,153
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	18.06	9.49	1.91	1.66	2.33	1.71	1.96	2.21	2.19	2.14
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.62	1.45	1.23	1.11	1.56	0.96	1.20	1.16	1.02	0.90
Price to Earnings (P/E)	18.68	17.51	6.30	7.90	20.53	5.32	6.69	6.24	14.57	6.71
Dividend Yield	1.60%	1.84%	1.83%	2.22%	2.12%	2.29%	2.05%	2.80%	3.63%	4.33%
Earnings Yield	5.35%	5.71%	15.87%	12.66%	4.87%	18.81%	14.94%	16.03%	6.86%	14.91%
Enterprise Value to Invested Capital (EV/IC)	1.89	2.38	1.24	1.22	1.31	1.21	1.31	1.40	1.34	1.33
Enterprise Value to Revenue (EV/Rev)	3.22	3.58	2.98	2.50	3.79	2.33	2.49	2.24	2.19	1.91
Enterprise Value to EBITDA (EV/EBITDA)	8.83	9.56	8.51	6.29	10.56	5.24	6.23	5.63	6.36	4.81
Enterprise Value to EBIT (EV/EBIT)	14.06	13.76	13.98	9.00	17.19	7.39	9.23	8.35	14.50	7.77
Enterprise Value to NOPAT (EV/NOPAT)	22.96	25.18	7.28	12.52	27.77	10.43	12.98	11.51	22.63	11.47
Enterprise Value to Operating Cash Flow (EV/OCF)	14.08	13.88	66.47	9.38	27.59	8.37	9.53	8.34	10.80	8.28
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	125.86	0.00	9.49	0.00	9.33	15.51	7.89	13.27	8.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	17.09	8.24	2.76	2.13	4.14	3.02	2.60	2.51	2.96	2.88
Long-Term Debt to Equity	16.83	8.14	2.70	2.08	4.08	3.01	2.58	2.47	2.90	2.82
Financial Leverage	17.75	7.59	3.03	2.35	2.70	2.82	2.25	2.06	2.23	2.45
Leverage Ratio	22.74	12.95	5.60	4.22	5.37	5.97	4.94	4.61	4.87	5.14
Compound Leverage Factor	13.83	7.71	2.61	2.92	2.99	4.64	4.31	4.01	2.63	3.70
Debt to Total Capital	94.47%	89.17%	73.40%	68.05%	80.53%	75.14%	72.18%	71.51%	74.72%	74.20%
Short-Term Debt to Total Capital	1.42%	1.07%	1.56%	1.64%	1.04%	0.21%	0.46%	1.28%	1.36%	1.41%
Long-Term Debt to Total Capital	93.06%	88.11%	71.83%	66.41%	79.49%	74.93%	71.72%	70.24%	73.37%	72.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.36%	4.39%	0.18%	0.28%	0.21%	0.18%	0.07%	0.29%	0.15%	0.13%
Common Equity to Total Capital	5.14%	6.43%	26.42%	31.66%	19.26%	24.67%	27.75%	28.20%	25.13%	25.67%
Debt to EBITDA	4.51	5.68	5.12	3.62	7.79	3.83	3.99	3.35	4.03	3.03
Net Debt to EBITDA	4.38	5.40	4.98	3.48	6.21	3.08	3.22	2.70	3.38	2.56
Long-Term Debt to EBITDA	4.44	5.61	5.01	3.54	7.69	3.82	3.97	3.29	3.96	2.97
Debt to NOPAT	11.73	14.95	4.38	7.21	20.48	7.62	8.31	6.84	14.34	7.22
Net Debt to NOPAT	11.38	14.22	4.27	6.92	16.32	6.13	6.71	5.52	12.02	6.09
Long-Term Debt to NOPAT	11.55	14.77	4.29	7.04	20.22	7.60	8.26	6.72	14.08	7.09
Altman Z-Score	1.23	1.04	0.98	1.29	0.73	1.12	1.27	1.55	1.34	1.67
Noncontrolling Interest Sharing Ratio	7.01%	32.79%	6.79%	0.81%	0.99%	0.89%	0.48%	0.62%	0.83%	0.55%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	1.92	1.57	1.90	1.43	1.66	1.79	1.81	1.53	1.66
Quick Ratio	1.62	1.61	1.01	1.71	1.18	1.45	1.54	1.44	1.28	1.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-255	31	-3,217	729	-2,714	1,124	747	1,483	813	1,178
Operating Cash Flow to CapEx	808.39%	912.47%	208.05%	723.11%	216.24%	584.98%	913.53%	0.00%	708.51%	892.86%
Free Cash Flow to Firm to Interest Expense	-3.16	0.27	-11.65	3.13	-8.63	2.91	2.61	4.40	1.82	2.65
Operating Cash Flow to Interest Expense	2.55	2.45	0.40	3.16	1.33	3.25	4.25	4.16	2.23	2.82
Operating Cash Flow Less CapEx to Interest Expense	2.23	2.18	0.21	2.72	0.71	2.69	3.78	4.41	1.92	2.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.55	0.46	0.47	0.38	0.29	0.33	0.35	0.40	0.40	0.46
Accounts Receivable Turnover	5.59	5.37	6.23	4.98	4.25	5.03	4.83	4.96	4.54	5.09
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.55	4.07	4.81	3.78	3.01	3.11	2.98	3.76	3.90	4.37
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	65.33	68.00	58.61	73.23	85.94	72.52	75.62	73.58	80.47	71.66
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	65.33	68.00	58.61	73.23	85.94	72.52	75.62	73.58	80.47	71.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,530	1,655	5,868	5,691	8,820	8,702	8,847	8,381	8,045	7,770
Invested Capital Turnover	0.67	0.69	0.65	0.48	0.42	0.51	0.53	0.60	0.60	0.68
Increase / (Decrease) in Invested Capital	381	125	4,212	-177	3,129	-118	146	-466	-336	-275
Enterprise Value (EV)	2,890	3,946	7,251	6,914	11,516	10,497	11,579	11,698	10,787	10,354
Market Capitalization	1,451	1,602	2,994	3,076	4,727	4,313	5,582	6,058	5,041	4,841
Book Value per Share	$2.62	$5.50	$34.46	$40.61	$44.03	$57.17	$69.71	$72.69	$67.76	$72.76
Tangible Book Value per Share	($38.37)	($38.16)	($86.07)	($76.64)	($154.89)	($143.38)	($142.54)	($147.55)	($167.99)	($175.39)
Total Capital	1,563	2,627	5,944	5,850	10,546	10,205	10,273	9,720	9,150	8,791
Total Debt	1,476	2,342	4,362	3,981	8,493	7,668	7,415	6,951	6,837	6,523
Total Long-Term Debt	1,454	2,314	4,270	3,885	8,383	7,647	7,368	6,827	6,713	6,399
Net Debt	1,433	2,228	4,247	3,822	6,767	6,165	5,990	5,612	5,732	5,502
Capital Expenditures (CapEx)	25	31	52	102	193	214	133	-84	141	140
Debt-free, Cash-free Net Working Capital (DFCFNWC)	93	87	363	314	265	331	466	626	482	494
Debt-free Net Working Capital (DFNWC)	136	202	478	459	514	501	673	846	629	638
Net Working Capital (NWC)	114	174	386	363	404	479	625	722	505	514
Net Nonoperating Expense (NNE)	49	64	520	164	178	198	62	74	207	220
Net Nonoperating Obligations (NNO)	1,444	1,371	4,286	3,822	6,767	6,165	5,990	5,612	5,732	5,502
Total Depreciation and Amortization (D&A)	122	126	334	330	420	582	604	675	952	820
Debt-free, Cash-free Net Working Capital to Revenue	10.34%	7.92%	14.91%	11.35%	8.71%	7.36%	10.03%	12.01%	9.77%	9.14%
Debt-free Net Working Capital to Revenue	15.18%	18.29%	19.67%	16.59%	16.90%	11.12%	14.47%	16.23%	12.75%	11.80%
Net Working Capital to Revenue	12.71%	15.74%	15.85%	13.12%	13.30%	10.64%	13.46%	13.86%	10.24%	9.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.50	$2.98	$10.38	$8.52	$5.01	$18.06	$19.81	$24.68	$9.78	$21.73
Adjusted Weighted Average Basic Shares Outstanding	31.10M	30.69M	45.75M	45.72M	45.99M	44.92M	42.13M	39.35M	35.32M	32.31M
Adjusted Diluted Earnings per Share	$2.42	$2.89	$10.07	$8.21	$4.80	$17.37	$18.98	$24.16	$9.64	$21.41
Adjusted Weighted Average Diluted Shares Outstanding	32.09M	31.66M	47.15M	47.41M	47.92M	46.72M	43.98M	40.19M	35.83M	32.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.65M	47.11M	46.11M	45.75M	45.86M	43.38M	41.00M	36.77M	33.43M	30.51M
Normalized Net Operating Profit after Tax (NOPAT)	126	165	328	567	394	998	910	1,120	500	920
Normalized NOPAT Margin	14.04%	14.96%	13.47%	20.48%	12.96%	22.18%	19.57%	21.49%	10.14%	17.02%
Pre Tax Income Margin	13.95%	15.47%	9.93%	19.26%	12.28%	24.54%	23.52%	23.35%	8.13%	17.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.55	2.47	1.88	3.30	2.13	3.68	4.38	4.16	1.66	3.00
NOPAT to Interest Expense	1.56	1.35	3.61	2.37	1.32	2.61	3.12	3.02	1.07	2.03
EBIT Less CapEx to Interest Expense	2.24	2.20	1.69	2.86	1.52	3.12	3.92	4.41	1.35	2.69
NOPAT Less CapEx to Interest Expense	1.25	1.08	3.42	1.93	0.70	2.05	2.65	3.27	0.75	1.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.01%	31.73%	25.83%	18.31%	37.76%	12.50%	14.22%	15.06%	70.74%	32.06%
Augmented Payout Ratio	94.71%	31.73%	46.66%	31.32%	56.85%	47.38%	78.92%	108.48%	294.81%	120.06%

This table displays calculated financial ratios and metrics derived from Nexstar Media Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.68%	19.39%	3.88%	-0.40%	-10.80%	-12.31%	2.15%	2.34%	20.67%	14.11%	-3.89%
EBITDA Growth	32.09%	5.63%	-3.96%	-6.24%	-43.83%	-16.11%	11.28%	0.67%	64.09%	42.83%	-15.79%
EBIT Growth	48.28%	-13.73%	-36.72%	-44.08%	-75.59%	-21.57%	52.36%	30.16%	230.10%	76.67%	-29.72%
NOPAT Growth	38.82%	-18.13%	-49.37%	-51.82%	-80.62%	-26.51%	45.86%	39.90%	360.08%	82.83%	-23.23%
Net Income Growth	70.31%	-32.42%	-65.08%	-66.81%	-97.22%	-44.07%	89.77%	41.33%	2,150.00%	132.32%	-41.92%
EPS Growth	87.18%	-13.66%	-50.42%	-52.52%	-90.41%	-37.29%	73.74%	34.09%	652.86%	123.42%	-34.69%
Operating Cash Flow Growth	31.47%	-34.61%	-4.82%	-36.21%	-63.30%	-16.51%	-44.13%	-4.86%	180.43%	125.82%	22.10%
Free Cash Flow Firm Growth	308.03%	499.74%	411.10%	204.53%	63.56%	-27.49%	-45.97%	-59.52%	-26.86%	13.81%	33.98%
Invested Capital Growth	-1.21%	-5.27%	-6.26%	-6.59%	-6.60%	-4.01%	-2.07%	-1.37%	-2.60%	-3.42%	-4.26%
Revenue Q/Q Growth	1.93%	17.18%	-15.47%	-1.35%	-8.71%	15.19%	-1.53%	-1.17%	7.64%	8.93%	-17.07%
EBITDA Q/Q Growth	19.54%	-6.09%	-15.10%	-2.17%	-28.38%	40.25%	13.25%	-11.50%	16.74%	22.08%	-33.23%
EBIT Q/Q Growth	24.85%	-27.49%	-31.39%	-10.85%	-45.50%	133.01%	34.58%	-23.84%	38.21%	24.71%	-46.46%
NOPAT Q/Q Growth	9.40%	-23.61%	-34.76%	-11.62%	-55.99%	189.63%	29.47%	-15.24%	44.74%	15.10%	-45.63%
Net Income Q/Q Growth	27.43%	-38.54%	-50.28%	-14.77%	-89.33%	1,137.50%	68.69%	-36.53%	69.81%	27.78%	-57.83%
EPS Q/Q Growth	31.30%	-27.26%	-44.07%	-11.11%	-73.48%	375.71%	54.96%	-31.40%	48.87%	41.18%	-54.70%
Operating Cash Flow Q/Q Growth	29.66%	-42.02%	126.61%	-62.55%	-25.41%	31.88%	51.65%	-36.23%	119.89%	6.20%	-18.00%
Free Cash Flow Firm Q/Q Growth	66.99%	77.02%	1.40%	1.59%	-10.31%	-21.53%	-24.44%	-23.88%	62.03%	22.11%	-11.05%
Invested Capital Q/Q Growth	-0.83%	-3.39%	-1.80%	-0.72%	-0.84%	-0.70%	0.19%	-0.01%	-2.08%	-1.53%	-0.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	45.31%	36.31%	36.67%	36.37%	28.53%	34.74%	39.95%	35.78%	38.80%	43.48%	35.01%
Operating Margin	28.05%	19.70%	16.23%	14.44%	8.30%	17.71%	21.42%	18.91%	24.52%	28.09%	17.83%
EBIT Margin	33.25%	20.58%	16.87%	15.24%	9.10%	18.40%	25.16%	19.39%	24.89%	28.49%	18.40%
Profit (Net Income) Margin	22.70%	11.90%	7.00%	6.05%	0.71%	7.59%	13.01%	8.35%	13.18%	15.46%	7.86%
Tax Burden Percent	77.84%	72.24%	67.69%	68.18%	57.14%	67.35%	73.25%	71.14%	73.77%	68.05%	70.29%
Interest Burden Percent	87.68%	80.07%	61.32%	58.20%	13.59%	61.25%	70.59%	60.57%	71.76%	79.72%	60.79%
Effective Tax Rate	22.16%	27.76%	32.31%	31.82%	42.86%	32.65%	26.75%	28.86%	26.23%	31.95%	29.71%
Return on Invested Capital (ROIC)	12.43%	8.61%	6.79%	6.11%	2.89%	7.17%	9.55%	8.27%	11.82%	13.07%	8.51%
ROIC Less NNEP Spread (ROIC-NNEP)	12.62%	8.01%	5.92%	5.29%	2.10%	6.17%	8.94%	7.13%	10.64%	12.10%	7.48%
Return on Net Nonoperating Assets (RNNOA)	26.84%	16.52%	12.13%	11.19%	4.55%	13.77%	20.20%	16.78%	26.46%	29.68%	18.19%
Return on Equity (ROE)	39.27%	25.14%	18.93%	17.30%	7.44%	20.93%	29.75%	25.05%	38.27%	42.75%	26.70%
Cash Return on Invested Capital (CROIC)	13.38%	17.21%	16.88%	15.77%	13.23%	9.90%	8.78%	8.69%	12.36%	14.90%	15.20%
Operating Return on Assets (OROA)	12.53%	8.27%	6.94%	6.35%	3.70%	7.33%	10.22%	8.02%	10.95%	13.09%	8.44%
Return on Assets (ROA)	8.55%	4.78%	2.88%	2.52%	0.29%	3.03%	5.29%	3.45%	5.80%	7.10%	3.61%
Return on Common Equity (ROCE)	39.01%	24.98%	18.81%	17.24%	7.39%	20.76%	29.43%	24.88%	37.97%	42.51%	26.54%
Return on Equity Simple (ROE_SIMPLE)	35.13%	0.00%	29.69%	24.70%	14.92%	0.00%	15.04%	16.76%	24.88%	0.00%	27.28%
Net Operating Profit after Tax (NOPAT)	277	212	138	122	54	156	201	171	247	284	155
NOPAT Margin	21.84%	14.24%	10.99%	9.84%	4.75%	11.93%	15.69%	13.45%	18.09%	19.12%	12.53%
Net Nonoperating Expense Percent (NNEP)	-0.18%	0.60%	0.88%	0.82%	0.80%	1.00%	0.61%	1.14%	1.18%	0.97%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	-	2.18%	-	-	-	1.70%	-	-	-	3.25%	1.77%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	20.49%	21.79%	21.16%	21.13%	24.82%	22.16%	21.11%	21.20%	20.35%	18.15%	20.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	71.95%	80.16%	83.77%	85.56%	91.70%	82.29%	78.58%	81.09%	75.48%	71.91%	82.17%
Earnings before Interest and Taxes (EBIT)	422	306	212	189	103	240	323	246	340	424	227
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	575	540	461	451	323	453	513	454	530	647	432
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.05	2.21	2.29	2.24	2.07	2.19	2.47	2.38	2.40	2.14	2.43
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.21	1.16	1.14	1.08	0.94	1.02	1.15	1.08	1.02	0.90	1.02
Price to Earnings (P/E)	5.83	6.24	7.23	8.14	11.11	14.57	13.97	12.49	8.98	6.71	8.35
Dividend Yield	2.20%	2.80%	3.03%	3.40%	4.25%	3.63%	3.40%	3.70%	3.88%	4.33%	3.87%
Earnings Yield	17.17%	16.03%	13.83%	12.28%	9.00%	6.86%	7.16%	8.01%	11.14%	14.91%	11.98%
Enterprise Value to Invested Capital (EV/IC)	1.36	1.40	1.41	1.39	1.31	1.34	1.42	1.39	1.39	1.33	1.42
Enterprise Value to Revenue (EV/Rev)	2.37	2.24	2.21	2.15	2.07	2.19	2.31	2.24	2.11	1.91	2.04
Enterprise Value to EBITDA (EV/EBITDA)	5.74	5.63	5.67	5.61	5.94	6.36	6.60	6.43	5.62	4.81	5.31
Enterprise Value to EBIT (EV/EBIT)	8.11	8.35	9.06	10.00	13.04	14.50	13.41	12.27	9.58	7.77	8.84
Enterprise Value to NOPAT (EV/NOPAT)	11.07	11.51	13.09	14.93	19.74	22.63	21.05	18.85	14.17	11.47	12.78
Enterprise Value to Operating Cash Flow (EV/OCF)	7.74	8.34	8.42	8.89	10.24	10.80	14.68	14.49	10.78	8.28	8.34
Enterprise Value to Free Cash Flow (EV/FCFF)	10.07	7.89	8.08	8.48	9.55	13.27	16.04	15.86	11.14	8.79	9.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.43	2.51	2.61	2.69	2.93	2.96	2.90	2.97	2.99	2.88	2.89
Long-Term Debt to Equity	2.39	2.47	2.56	2.64	2.87	2.90	2.85	2.92	2.93	2.82	2.83
Financial Leverage	2.13	2.06	2.05	2.11	2.17	2.23	2.26	2.35	2.49	2.45	2.43
Leverage Ratio	4.73	4.61	4.58	4.64	4.75	4.87	4.88	4.98	5.18	5.14	5.08
Compound Leverage Factor	4.14	3.69	2.81	2.70	0.65	2.98	3.45	3.02	3.71	4.10	3.09
Debt to Total Capital	70.88%	71.51%	72.30%	72.90%	74.53%	74.72%	74.38%	74.84%	74.94%	74.20%	74.27%
Short-Term Debt to Total Capital	1.23%	1.28%	1.29%	1.31%	1.35%	1.36%	1.35%	1.37%	1.39%	1.41%	1.42%
Long-Term Debt to Total Capital	69.65%	70.24%	71.00%	71.59%	73.19%	73.37%	73.02%	73.47%	73.55%	72.79%	72.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.22%	0.29%	0.30%	0.21%	0.15%	0.15%	0.27%	0.14%	0.25%	0.13%	0.03%
Common Equity to Total Capital	28.90%	28.20%	27.40%	26.89%	25.31%	25.13%	25.35%	25.02%	24.82%	25.67%	25.69%
Debt to EBITDA	3.51	3.35	3.38	3.42	3.84	4.03	3.92	3.90	3.42	3.03	3.15
Net Debt to EBITDA	2.80	2.70	2.72	2.78	3.22	3.38	3.29	3.32	2.88	2.56	2.65
Long-Term Debt to EBITDA	3.45	3.29	3.32	3.36	3.77	3.96	3.85	3.83	3.36	2.97	3.09
Debt to NOPAT	6.76	6.84	7.81	9.10	12.79	14.34	12.50	11.43	8.62	7.22	7.59
Net Debt to NOPAT	5.39	5.52	6.29	7.40	10.72	12.02	10.49	9.74	7.27	6.09	6.39
Long-Term Debt to NOPAT	6.64	6.72	7.67	8.93	12.56	14.08	12.27	11.22	8.46	7.09	7.45
Altman Z-Score	1.22	1.26	1.27	1.26	1.16	1.20	1.32	1.29	1.36	1.41	1.41
Noncontrolling Interest Sharing Ratio	0.66%	0.62%	0.64%	0.37%	0.69%	0.83%	1.08%	0.68%	0.78%	0.55%	0.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.81	1.97	1.88	1.57	1.53	1.80	1.78	1.68	1.66	1.74
Quick Ratio	1.46	1.44	1.64	1.54	1.22	1.28	1.55	1.44	1.41	1.50	1.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	383	678	687	698	626	492	371	283	458	559	498
Operating Cash Flow to CapEx	1,016.22%	0.00%	1,372.22%	451.22%	383.33%	505.56%	627.27%	475.68%	1,334.48%	1,174.29%	962.86%
Free Cash Flow to Firm to Interest Expense	4.30	6.58	6.43	6.29	5.54	4.24	3.26	2.50	4.05	5.38	5.13
Operating Cash Flow to Interest Expense	4.22	2.12	4.62	1.67	1.22	1.57	2.42	1.56	3.42	3.95	3.47
Operating Cash Flow Less CapEx to Interest Expense	3.81	3.47	4.28	1.30	0.90	1.26	2.04	1.23	3.17	3.62	3.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.40	0.41	0.42	0.41	0.40	0.41	0.41	0.44	0.46	0.46
Accounts Receivable Turnover	5.20	4.96	5.19	5.54	5.45	4.54	4.82	5.01	5.48	5.09	5.15
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.23	3.76	3.81	3.81	3.69	3.90	3.94	3.96	4.16	4.37	4.35
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	70.14	73.58	70.28	65.84	66.99	80.47	75.76	72.87	66.63	71.66	70.89
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	70.14	73.58	70.28	65.84	66.99	80.47	75.76	72.87	66.63	71.66	70.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,675	8,381	8,230	8,171	8,102	8,045	8,060	8,059	7,891	7,770	7,717
Invested Capital Turnover	0.57	0.60	0.62	0.62	0.61	0.60	0.61	0.61	0.65	0.68	0.68
Increase / (Decrease) in Invested Capital	-106	-466	-549	-576	-573	-336	-170	-112	-211	-275	-343
Enterprise Value (EV)	11,757	11,698	11,606	11,320	10,601	10,787	11,466	11,186	11,006	10,354	10,938
Market Capitalization	6,008	6,058	6,000	5,692	4,831	5,041	5,727	5,394	5,334	4,841	5,468
Book Value per Share	$75.43	$72.69	$71.36	$70.92	$66.47	$67.76	$69.39	$69.05	$68.79	$72.76	$73.65
Tangible Book Value per Share	($142.97)	($147.55)	($152.52)	($156.60)	($164.58)	($167.99)	($167.60)	($170.27)	($172.61)	($175.39)	($177.13)
Total Capital	10,126	9,720	9,576	9,458	9,212	9,150	9,156	9,061	8,941	8,791	8,745
Total Debt	7,177	6,951	6,923	6,895	6,866	6,837	6,810	6,781	6,700	6,523	6,495
Total Long-Term Debt	7,053	6,827	6,799	6,771	6,742	6,713	6,686	6,657	6,576	6,399	6,371
Net Debt	5,726	5,612	5,577	5,608	5,756	5,732	5,714	5,779	5,650	5,502	5,467
Capital Expenditures (CapEx)	37	-139	36	41	36	36	44	37	29	35	35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	513	626	531	501	448	482	550	622	518	494	468
Debt-free Net Working Capital (DFNWC)	876	846	958	861	612	629	787	768	699	638	721
Net Working Capital (NWC)	751	722	834	737	488	505	663	644	575	514	597
Net Nonoperating Expense (NNE)	-11	35	50	47	46	57	34	65	67	54	58
Net Nonoperating Obligations (NNO)	5,726	5,612	5,577	5,608	5,756	5,732	5,714	5,779	5,650	5,502	5,467
Total Depreciation and Amortization (D&A)	153	234	249	262	220	213	190	208	190	223	205
Debt-free, Cash-free Net Working Capital to Revenue	10.33%	12.01%	10.10%	9.54%	8.76%	9.77%	11.09%	12.47%	9.92%	9.14%	8.74%
Debt-free Net Working Capital to Revenue	17.62%	16.23%	18.22%	16.39%	11.96%	12.75%	15.87%	15.39%	13.38%	11.80%	13.46%
Net Working Capital to Revenue	15.12%	13.86%	15.86%	14.03%	9.54%	10.24%	13.37%	12.91%	11.01%	9.51%	11.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.45	$5.42	$3.03	$2.68	$0.71	$3.36	$5.25	$3.59	$5.34	$7.55	$3.41
Adjusted Weighted Average Basic Shares Outstanding	38.77M	39.35M	36.72M	35.79M	34.93M	35.32M	33.45M	32.82M	32.02M	32.31M	30.53M
Adjusted Diluted Earnings per Share	$7.30	$5.31	$2.97	$2.64	$0.70	$3.33	$5.16	$3.54	$5.27	$7.44	$3.37
Adjusted Weighted Average Diluted Shares Outstanding	39.56M	40.19M	37.45M	36.31M	35.37M	35.83M	34.02M	33.29M	32.44M	32.80M	30.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.71M	36.77M	35.86M	35.08M	33.93M	33.43M	32.83M	32.26M	31.02M	30.51M	30.15M
Normalized Net Operating Profit after Tax (NOPAT)	277	212	138	122	54	156	201	171	247	284	155
Normalized NOPAT Margin	21.84%	14.24%	10.99%	9.84%	4.75%	11.93%	15.69%	13.45%	18.09%	19.12%	12.53%
Pre Tax Income Margin	29.16%	16.48%	10.34%	8.87%	1.24%	11.27%	17.76%	11.74%	17.86%	22.72%	11.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.74	2.97	1.98	1.70	0.91	2.07	2.83	2.18	3.01	4.08	2.34
NOPAT to Interest Expense	3.11	2.06	1.29	1.10	0.48	1.34	1.77	1.51	2.19	2.74	1.59
EBIT Less CapEx to Interest Expense	4.33	4.32	1.64	1.33	0.59	1.76	2.45	1.85	2.75	3.74	1.98
NOPAT Less CapEx to Interest Expense	2.70	3.40	0.95	0.73	0.16	1.03	1.38	1.18	1.93	2.40	1.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.28%	15.06%	19.90%	25.64%	51.44%	70.74%	56.73%	53.95%	38.59%	32.06%	35.73%
Augmented Payout Ratio	86.71%	108.48%	135.30%	151.43%	272.41%	294.81%	211.46%	195.00%	132.61%	120.06%	127.90%

Key Financial Trends

Nexstar Media Group reported mixed results in Q1 2025. While revenue and earnings fell year-over-year and sequentially, the company generated strong operating and free cash flows and maintained its dividend. Leverage remains elevated, and margin pressure persists.

Free Cash Flow to Firm (FCFF) rose 34% year-over-year to $498 M in Q1 2025, reflecting strong cash generation.
Net Cash From Operating Activities increased 22% to $337 M, driven by robust non-cash adjustments and working capital management.
Declared cash dividend of $1.86 per share, yielding 3.87%, demonstrating shareholder returns.
Net Debt to EBITDA of 2.65× and Debt to EBITDA of 3.15× remain elevated but stable versus prior quarter.
Total revenue declined 3.9% year-over-year to $1.234 B and fell 17.1% sequentially, reflecting lower advertising and retransmission fees.
Total Operating Income dropped to $220 M, down 47% from the prior quarter, as higher expense absorption weighed on profitability.
Net Income attributable to common shareholders was $97 M, down 58% sequentially; diluted EPS fell to $3.37.
SG&A expense ratio increased to 20.8% of revenue, and total operating expenses consumed 82.2% of sales, squeezing margins.
Long-term debt remains high at $6.37 B, representing 72.9% of total capital, resulting in significant interest expense ($97 M).
Altman Z-Score of 1.41 suggests elevated financial distress risk, underscoring the leverage burden.

06/23/25 08:23 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Nexstar Media Group's Financials

When does Nexstar Media Group's fiscal year end?

According to the most recent income statement we have on file, Nexstar Media Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Nexstar Media Group's net income changed over the last 9 years?

Nexstar Media Group's net income appears to be on an upward trend, with a most recent value of $683 million in 2024, rising from $76.38 million in 2015. The previous period was $270 million in 2023. Find out what analysts predict for Nexstar Media Group in the coming months.

What is Nexstar Media Group's operating income?

Nexstar Media Group's total operating income in 2024 was $1.27 billion, based on the following breakdown:

Total Gross Profit: $5.41 billion
Total Operating Expenses: $4.14 billion

How has Nexstar Media Group's revenue changed over the last 9 years?

Over the last 9 years, Nexstar Media Group's total revenue changed from $896.38 million in 2015 to $5.41 billion in 2024, a change of 503.2%.

How much debt does Nexstar Media Group have?

Nexstar Media Group's total liabilities were at $9.20 billion at the end of 2024, a 5.8% decrease from 2023, and a 426.1% increase since 2015.

How much cash does Nexstar Media Group have?

In the past 9 years, Nexstar Media Group's cash and equivalents has ranged from $43.42 million in 2015 to $232.07 million in 2019, and is currently $144 million as of their latest financial filing in 2024.

How has Nexstar Media Group's book value per share changed over the last 9 years?

Over the last 9 years, Nexstar Media Group's book value per share changed from 2.62 in 2015 to 72.76 in 2024, a change of 2,672.4%.

Related Companies

This page (NASDAQ:NXST) was last updated on 6/23/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Nexstar Media Group (NXST) Financials

Key Financial Trends

Frequently Asked Questions About Nexstar Media Group's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Nexstar Media Group (NXST) Financials

Annual Income Statements for Nexstar Media Group

Quarterly Income Statements for Nexstar Media Group

Annual Cash Flow Statements for Nexstar Media Group

Quarterly Cash Flow Statements for Nexstar Media Group

Annual Balance Sheets for Nexstar Media Group

Quarterly Balance Sheets for Nexstar Media Group

Annual Metrics And Ratios for Nexstar Media Group

Quarterly Metrics And Ratios for Nexstar Media Group

Key Financial Trends

Frequently Asked Questions About Nexstar Media Group's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools