NEXSTAR MEDIA GROUP, INC.
Company Stats
- Market Cap
- $5.0B
- as of Sep 30, 2026
- Enterprise Value
- $11.1B
- Shares Outstanding
- 30.8M
- Free Float
- 87.3%
Income Statement
- Revenue
- $4.9B
- Operating Income
- $849.0M
- Net Income
- $109.0M
- EBITDA
- $1.3B
- Non-cash Impairment
- $14.0M
- Revenue Growth, 3Y
- -1.7%
- FCF Margin, 3Y Avg
- 17.6%
- FCF Margin, Worst Year
- 15.0%
Cash Flow
- Free Cash Flow
- $743.0M
- FCF Yield
- 14.9%
- Owner FCF Yield
- 13.4%
Balance Sheet
- Cash & Equivalents
- $280.0M
- Total Debt
- $6.4B
- Net Debt
- $6.1B
- Net Debt / EBITDA
- 4.61x
- EV / EBITDA
- 8.38x
- Net Debt / EBIT
- 7.16x
Returns & Capital
- Dividends Paid
- $226.0M
- Dividend Yield
- 4.5%
- Dividend Payout, 3Y Avg
- 97.6%
- Share Repurchases
- $125.0M
- Buyback Yield, 3Y Avg
- 8.9%
- SBC, 3Y Avg
- $72.0M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $4.9B | $743.0M | 15.0% |
| FY2024 | $5.4B | $1.1B | 20.4% |
| FY2023 | $4.9B | $850.0M | 17.2% |
| FY2022 | $5.2B | $1.2B | 23.9% |
| FY2021 | $4.6B | $1.1B | 22.9% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 27, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Media Earnings: Demand, Outlook Broadly Upbeat as Costs Diverge