Nexstar Media Group (NXST) Financials

$167.30 -3.12 (-1.83%)

Closing price 04:00 PM Eastern

Extended Trading

$167.38 +0.08 (+0.05%)

As of 04:05 PM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	722	346	971	834	812	230	389	475	92	78
Consolidated Net Income / (Loss)	683	270	943	830	808	236	388	475	93	76
Net Income / (Loss) Continuing Operations	683	270	943	830	808	236	388	475	93	76
Total Pre-Tax Income	959	401	1,217	1,093	1,105	373	533	241	171	125
Total Operating Income	1,268	708	1,312	1,175	1,375	655	758	506	287	206
Total Gross Profit	5,407	4,933	5,211	4,648	4,501	3,039	2,767	2,432	1,103	896
Total Revenue	5,407	4,933	5,211	4,648	4,501	3,039	2,767	2,432	1,103	896
Operating Revenue	5,407	4,933	5,211	4,648	4,501	3,039	2,767	2,432	1,103	896
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	4,139	4,225	3,899	3,473	3,133	2,384	2,009	1,926	816	690
Selling, General & Admin Expense	1,088	1,098	1,098	1,024	912	730	580	605	264	232
Depreciation Expense	808	941	662	589	565	123	110	101	51	47
Other Operating Expenses / (Income)	2,219	2,151	2,006	1,837	1,667	1,278	1,089	993	382	302
Impairment Charge	24	35	133	23	0.00	63	20	20	15	-
Total Other Income / (Expense), net	-309	-307	-95	-82	-271	-282	-225	-264	-117	-81
Interest Expense	444	447	337	286	386	315	233	276	116	81
Interest & Investment Income	70	104	153	125	70	18	-2.44	-1.27	-	-
Other Income / (Expense), net	65	36	89	79	45	15	11	13	-0.56	-0.52
Income Tax Expense	276	131	274	263	297	137	145	-234	78	49
Net Income / (Loss) Attributable to Noncontrolling Interest	-39	-76	-28	-4.00	-3.40	6.04	-1.21	0.33	1.56	-1.30
Basic Earnings per Share	$21.73	$9.78	$24.68	$19.81	$18.06	$5.01	$8.52	$10.38	$2.98	$2.50
Weighted Average Basic Shares Outstanding	32.31M	35.32M	39.35M	42.13M	44.92M	45.99M	45.72M	45.75M	30.69M	31.10M
Diluted Earnings per Share	$21.41	$9.64	$24.16	$18.98	$17.37	$4.80	$8.21	$10.07	$2.89	$2.42
Weighted Average Diluted Shares Outstanding	32.80M	35.83M	40.19M	43.98M	46.72M	47.92M	47.41M	47.15M	31.66M	32.09M
Weighted Average Basic & Diluted Shares Outstanding	30.51M	33.43M	36.77M	41.00M	43.38M	45.86M	45.75M	45.80M	30.70M	31.10M
Cash Dividends to Common per Share	$6.76	$5.40	$3.60	$2.80	$2.24	$1.80	$1.50	$1.20	$0.96	$0.76

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Nexstar Media Group's Financials

When does Nexstar Media Group's financial year end?

According to the most recent income statement we have on file, Nexstar Media Group's fiscal year ends in December. Their fiscal 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. View Nexstar Media Group's forecast to see where analysts expect Nexstar Media Group to go next.

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 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%.

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This page (NASDAQ:NXST) was last updated on 6/2/2025 by MarketBeat.com Staff

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Nexstar Media Group (NXST) Financials

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