Stocks Industrials NXST
NASDAQ · IndustrialsNexstar Media Group, Inc. (NXST)
Nexstar Media Group, Inc. brought in $6.8B of revenue over the twelve months to September 30, 2026, up 32.3% from a year earlier. Net income was $373M, a net margin of 5.5%. Operating cash flow minus capital spending left $743M of free cash flow in fiscal 2025. At September 30, 2026 it held $446M in cash against $11.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Nexstar Media Group, Inc.
- Net worth
- Nexstar Media Group, Inc. has a market value (market cap) of $6.3B at the latest share price, and shareholders' equity of $2.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $4.9B (-8.5% year on year), with net income of $109M. Over the 12 months to September 30, 2026: revenue $6.8B, net income $373M.
- Cash flow
- In fiscal 2025 operations brought in $891M of cash; after $148M of capital spending, free cash flow was $743M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Nexstar Media Group, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Nexstar Media Group, Inc. declared dividends of $7.44 per share in fiscal 2025, a yield of 3.63% at the current price.
What Nexstar Media Group, Inc. does
Nexstar Media Group, Inc. is registered with the SEC under industry code SIC 4833 (Television Broadcasting Stations). Its shares trade on NASDAQ under the ticker NXST.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $4.9B | $109M | $3.00 | $743M |
| 2024 | $5.4B | $722M | $21.41 | $1.1B |
| 2023 | $4.9B | $346M | $9.64 | $850M |
| 2022 | $5.2B | $971M | $24.16 | $1.2B |
| 2021 | $4.6B | $834M | $18.98 | $1.1B |
| 2020 | $4.5B | $811.5M | $17.37 | $1B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NXST ranks in Industrials
Dividends
Nexstar Media Group, Inc. declared $7.44 per share in fiscal 2025. At the current price that is a yield of 3.63%. It paid out $226M in cash dividends, 207% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $7.44 | $226M | 207% |
| 2024 | $6.76 | $219M | 30% |
| 2023 | $5.40 | $191M | 55% |
| 2022 | $3.60 | $142M | 15% |
| 2021 | $2.80 | $118M | 14% |
| 2020 | $2.24 | $101M | 12% |
Latest SEC filings
What Nexstar Media Group, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 78% to $2.1B versus the same quarter last year; diluted EPS $7.92 versus $2.14.
- November 5, 2026
- October 30, 2026Other event 8-K
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 62% to $2B versus the same quarter last year; diluted EPS $3.61 versus $3.06.
- August 6, 2026
- August 3, 2026Other event 8-K
- June 23, 2026
- June 16, 2026
- June 4, 2026Exhibits 8-K/A
- May 8, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 13% to $1.4B versus the same quarter last year; diluted EPS $5.09 versus $3.37.
What is NXST worth? A DCF from its reported cash flow
Insider trades
What the people running Nexstar Media Group, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.7M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 9, 2026 | Russell BlakeEVP, Operations | Gave as a gift | 510 | - |
| September 23, 2026 | Alford AndrewPresident, Broadcasting | Sold | 2,823 | $467.7K |
| August 24, 2026 | Biard MichaelPresident & COO | Sold | 2,465 | $458K |
| August 24, 2026 | Aulestia Bernadette S.Director | Sold | 300 | $56K |
| August 21, 2026 | Biard MichaelPresident & COO | Exercised options | 6,250 | - |
| August 14, 2026 | Zimmer DanaSee Remarks | Sold | 4,008 | $751.4K |
| June 26, 2026 | Sook Perry AChief Executive Officer, Director | Bought | 12,235 | $2M |
| June 16, 2026 | Gliha Lee AnnEVP, Chief Financial Officer | Sold | 373 | $63.7K |
Who owns NXST
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 490 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 3,358,210 | +140,494 |
| Dimensional Fund Advisors LP | 1,431,230 | +42,800 |
| Vanguard Portfolio Management LLC | 1,427,362 | -6,133 |
| Vanguard Capital Management LLC | 1,302,020 | +16,297 |
| Charles Schwab Investment Management Inc | 1,082,163 | +95,765 |
| State Street Corp | 944,838 | +52,750 |
| Fmr LLC | 935,092 | +237,018 |
| Geode Capital Management, LLC | 861,185 | +38,654 |
| Massachusetts Financial Services Co | 841,345 | +258,014 |
| Neuberger Berman Group LLC | 791,076 | -113,749 |
| Jpmorgan Chase & Co | 753,741 | +217,919 |
| Jupiter Topco LLC | 643,935 | new |
| Ameriprise Financial Inc | 542,675 | +150,389 |
| Allianz Asset Management GmbH | 527,072 | +72,951 |
| Principal Financial Group Inc | 516,784 | +28,040 |
| Channing Capital Management, LLC | 512,043 | +75,794 |
| UBS Group AG | 467,537 | -1,840 |
| Aqr Capital Management LLC | 433,717 | +34,361 |
| Northern Trust Corp | 384,936 | -91,824 |
| Morgan Stanley | 352,466 | -145,888 |
Insiders
20 insiders reported holding 1,150,792 shares in total, about $235.6M at the last price.
| Holder | Shares |
|---|---|
| Sook Perry AChief Executive Officer, Director | 899,044 |
| Grossman Jay M.Director | 57,308 |
| Jenkins BrettSee Remarks | 28,798 |
| Russell BlakeEVP, Operations | 27,786 |
| Muse John RDirector | 27,161 |
| Biard MichaelPresident & COO | 20,890 |
| Gliha Lee AnnEVP, Chief Financial Officer | 20,075 |
| Compton SeanPresident, Networks | 14,430 |
| Alford AndrewPresident, Broadcasting | 11,726 |
| Armstrong D GeoffreyDirector | 9,933 |
Questions about NXST
What does Nexstar Media Group, Inc. do?
Nexstar Media Group, Inc. is a company in the Industrials sector, listed on NASDAQ as NXST. Its shares trade on NASDAQ under the ticker NXST.
What is Nexstar Media Group, Inc.'s net worth?
Nexstar Media Group, Inc. has a market value (market cap) of $6.3B at the latest share price, and shareholders' equity of $2.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Nexstar Media Group, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $373M on revenue of $6.8B, a net margin of 5.5%.
How much revenue does Nexstar Media Group, Inc. make?
Over the twelve months to September 30, 2026 Nexstar Media Group, Inc. reported revenue of $6.8B. That is 32.3% more than a year earlier.
When did Nexstar Media Group, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Nexstar Media Group, Inc.'s next earnings report?
Nexstar Media Group, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Nexstar Media Group, Inc. pay a dividend?
Yes. Nexstar Media Group, Inc. declared dividends of $7.44 per share in fiscal 2025, a yield of 3.63% at the current price.
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Where the numbers come from
Financial figures are the values Nexstar Media Group, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.