Stocktoria

NEXSTAR MEDIA GROUP, INC. NXST

Nasdaq · stock · Television Broadcasting Stations · website · IPO 2003-11-24 · LEI

NEXSTAR MEDIA GROUP, INC. statistics & valuation

Market cap$5.0B
P / E45.9×
P / S1.0×
P / B2.4×
P / FCF6.7×
Dividend yield4.51%
Net margin2.2%
Return on equity5.3%
FCF margin15.0%
Net debt$6.1B
Net debt / EBITDA4.6×
Enterprise value USD$11.1B
EV / EBITDA8.4×
Earnings yield EBIT/EV7.7%
Return on capital8.4%
Graham number -63.6%$67.36

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($67.36); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.30% 19.50% 14.10% 7.60% 18.00% 17.90% 18.60% 7.00% 13.40% 2.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
26.00% 20.80% 27.40% 21.60% 30.60% 25.30% 25.20% 14.40% 23.50% 17.20% 2016201720182019202020212022202320242025
Return on equity (%)
32.20% 30.00% 20.80% 11.20% 32.00% 29.20% 35.10% 15.00% 32.00% 5.30% 2016201720182019202020212022202320242025
Shares outstanding
31.7M 47.1M 47.4M 47.9M 46.7M 44.0M 40.2M 35.8M 32.8M 30.7M 2016201720182019202020212022202320242025
Net debt ($)
$1.33B $4.25B $3.84B $8.26B $7.52B $7.22B $6.75B $6.70B $6.38B $6.05B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.10% 6.30% 5.50% 1.60% 6.10% 6.30% 7.70% 2.90% 6.30% 1.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
22.90% 2.60% 22.80% 7.20% 23.00% 22.90% 23.90% 17.20% 20.40% 15.00% 2016201720182019202020212022202320242025
Debt / equity (×)
8.24× 2.76× 2.13× 4.14× 3.02× 2.60× 2.51× 2.96× 2.89× 3.07× 2016201720182019202020212022202320242025
EPS ($)
$2.89 $10.07 $8.21 $4.80 $17.37 $18.98 $24.16 $9.64 $21.41 $3.00 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NEXSTAR MEDIA GROUP, INC. trades at about 61.7× earnings — above its 10-year norm (10-year range 6.5×–70.8×, median 10.2×).

6.5× 70.8×

Shaded band = 10-year range (6.5×–70.8×); dot = today's 61.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin17.2%23.5%14.4%25.2%25.3%30.6%21.6%27.4%20.8%26.0%
Net margin2.2%13.4%7.0%18.6%17.9%18.0%7.6%14.1%19.5%8.3%
FCF margin15.0%20.4%17.2%23.9%22.9%23.0%7.2%22.8%2.6%22.9%
Return on assets1.0%6.3%2.9%7.7%6.3%6.1%1.6%5.5%6.3%3.1%
Return on equity5.3%32.0%15.0%35.1%29.2%32.0%11.2%20.8%30.0%32.2%
Debt / equity3.07×2.89×2.96×2.51×2.60×3.02×4.14×2.13×2.76×8.24×
Current ratio2.071.661.531.811.791.661.431.901.571.92

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.