Gray Media vs Nexstar Media: revenue, profit, margins and growth compared
Gray Media brought in $3.1B of revenue in fiscal 2025, Nexstar Media $4.9B in fiscal 2025. Revenue changed by -15.1% at Gray Media and -8.5% at Nexstar Media on the year before, so Nexstar Media grew faster. Gray Media kept -2.7% of its revenue as net profit, Nexstar Media 2.2%. Free cash flow was $181M at Gray Media and $743M at Nexstar Media.
Fiscal years as each company reports them; the two may end in different months.
Questions about Gray Media and Nexstar Media
Which is bigger by revenue, Gray Media or Nexstar Media?
Nexstar Media is bigger by revenue: $4.9B in fiscal 2025, against $3.1B for Gray Media in fiscal 2025.
Which keeps more of its revenue as profit, Gray Media or Nexstar Media?
Gray Media had a net margin of -2.7% in fiscal 2025; Nexstar Media had 2.2% in fiscal 2025.
Which grew revenue faster, Gray Media or Nexstar Media?
In their latest fiscal years revenue changed by -15.1% at Gray Media 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.