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Fox vs Nexstar Media: revenue, profit, margins and growth compared

Fox brought in $17.1B of revenue in fiscal 2026, Nexstar Media $4.9B in fiscal 2025. Revenue changed by +5.1% at Fox and -8.5% at Nexstar Media on the year before, so Fox grew faster. Fox kept 9.8% of its revenue as net profit, Nexstar Media 2.2%. Free cash flow was $1.5B at Fox and $743M at Nexstar Media.

Side by side, latest fiscal year

FOXANXST
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$17.1B$4.9B
Revenue growth+5.1%-8.5%
Net income$1.7B$109M
Net margin9.8%2.2%
Free cash flow$1.5B$743M
Free cash flow margin8.6%15.0%
Earnings per share (diluted)$3.84$3.00
Cash$4.2B$280M
Debt$6.6B$6.3B
Price to earnings16.454.0
Market value$26.5B$5B
Dividend yieldn/a4.59%
Rank by revenue in sector#36 of 451 · Industrials#124 of 451 · Industrials

Over the years

Revenue
FOXA FY2019: $11.4BFOXA FY2020: $12.3BFOXA FY2021: $12.9BFOXA FY2022: $14BFOXA FY2023: $14.9BFOXA FY2024: $14BFOXA FY2025: $16.3BFOXA FY2026: $17.1BNXST FY2018: $2.8BNXST FY2019: $3BNXST FY2020: $4.5BNXST FY2021: $4.6BNXST FY2022: $5.2BNXST FY2023: $4.9BNXST FY2024: $5.4BNXST FY2025: $4.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FOXA $17.1BNXST $4.9B
Net income
FOXA FY2019: $1.6BFOXA FY2020: $999MFOXA FY2021: $2.2BFOXA FY2022: $1.2BFOXA FY2023: $1.2BFOXA FY2024: $1.5BFOXA FY2025: $2.3BFOXA FY2026: $1.7BNXST FY2018: $389.5MNXST FY2019: $230.3MNXST FY2020: $811.5MNXST FY2021: $834MNXST FY2022: $971MNXST FY2023: $346MNXST FY2024: $722MNXST FY2025: $109MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FOXA $1.7BNXST $109M
Net margin
FOXA FY2019: 14.0%FOXA FY2020: 8.1%FOXA FY2021: 16.7%FOXA FY2022: 8.6%FOXA FY2023: 8.3%FOXA FY2024: 10.7%FOXA FY2025: 13.9%FOXA FY2026: 9.8%NXST FY2018: 14.1%NXST FY2019: 7.6%NXST FY2020: 18.0%NXST FY2021: 17.9%NXST FY2022: 18.6%NXST FY2023: 7.0%NXST FY2024: 13.4%NXST FY2025: 2.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FOXA 9.8%NXST 2.2%
Revenue growth
FOXA FY2020: +8.0%FOXA FY2021: +4.9%FOXA FY2022: +8.3%FOXA FY2023: +6.7%FOXA FY2024: -6.3%FOXA FY2025: +16.6%FOXA FY2026: +5.1%NXST FY2019: +9.9%NXST FY2020: +48.1%NXST FY2021: +3.3%NXST FY2022: +12.1%NXST FY2023: -5.3%NXST FY2024: +9.6%NXST FY2025: -8.5%FY19FY20FY21FY22FY23FY24FY25FY26
FOXA +5.1%NXST -8.5%
Free cash flow
FOXA FY2019: $2.3BFOXA FY2020: $2BFOXA FY2021: $2.2BFOXA FY2022: $1.6BFOXA FY2023: $1.4BFOXA FY2024: $1.5BFOXA FY2025: $3BFOXA FY2026: $1.5BNXST FY2018: $630.6MNXST FY2019: $220MNXST FY2020: $1BNXST FY2021: $1.1BNXST FY2022: $1.2BNXST FY2023: $850MNXST FY2024: $1.1BNXST FY2025: $743MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FOXA $1.5BNXST $743M

Fiscal years as each company reports them; the two may end in different months.

Questions about Fox and Nexstar Media

Which is bigger by revenue, Fox or Nexstar Media?

Fox is bigger by revenue: $17.1B in fiscal 2026, against $4.9B for Nexstar Media in fiscal 2025.

Which keeps more of its revenue as profit, Fox or Nexstar Media?

Fox had a net margin of 9.8% in fiscal 2026; Nexstar Media had 2.2% in fiscal 2025.

Which grew revenue faster, Fox or Nexstar Media?

In their latest fiscal years revenue changed by +5.1% at Fox and -8.5% at Nexstar Media.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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