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

Nexstar Media brought in $4.9B of revenue in fiscal 2025, Versant Media $6.7B in fiscal 2025. Revenue changed by -8.5% at Nexstar Media and -5.3% at Versant Media on the year before, so Versant Media grew faster. Nexstar Media kept 2.2% of its revenue as net profit, Versant Media 13.9%. Free cash flow was $743M at Nexstar Media and $1.9B at Versant Media.

Side by side, latest fiscal year

NXSTVSNT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.9B$6.7B
Revenue growth-8.5%-5.3%
Net income$109M$930M
Net margin2.2%13.9%
Free cash flow$743M$1.9B
Free cash flow margin15.0%27.7%
Earnings per share (diluted)$3.00n/a
Cash$280M$55M
Debt$6.3B$983M
Price to earnings54.0n/a
Market value$5B$4.6B
Dividend yield4.59%n/a
Rank by revenue in sector#124 of 451 · Industrials#100 of 451 · Industrials

Over the years

Revenue
NXST FY2018: $2.8BNXST FY2019: $3BNXST FY2020: $4.5BNXST FY2021: $4.6BNXST FY2022: $5.2BNXST FY2023: $4.9BNXST FY2024: $5.4BNXST FY2025: $4.9BVSNT FY2023: $7.4BVSNT FY2025: $7.1BVSNT FY2025: $6.7BFY18FY19FY20FY21FY22FY23FY24FY25
NXST $4.9BVSNT $6.7B
Net income
NXST FY2018: $389.5MNXST FY2019: $230.3MNXST FY2020: $811.5MNXST FY2021: $834MNXST FY2022: $971MNXST FY2023: $346MNXST FY2024: $722MNXST FY2025: $109MVSNT FY2023: $1.5BVSNT FY2025: $1.4BVSNT FY2025: $930MFY18FY19FY20FY21FY22FY23FY24FY25
NXST $109MVSNT $930M
Net margin
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%VSNT FY2023: 20.7%VSNT FY2025: 19.3%VSNT FY2025: 13.9%FY18FY19FY20FY21FY22FY23FY24FY25
NXST 2.2%VSNT 13.9%
Revenue growth
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%VSNT FY2025: -5.1%VSNT FY2025: -5.3%FY19FY20FY21FY22FY23FY24FY25
NXST -8.5%VSNT -5.3%
Free cash flow
NXST FY2018: $630.6MNXST FY2019: $220MNXST FY2020: $1BNXST FY2021: $1.1BNXST FY2022: $1.2BNXST FY2023: $850MNXST FY2024: $1.1BNXST FY2025: $743MVSNT FY2023: $2.4BVSNT FY2025: $2.2BVSNT FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
NXST $743MVSNT $1.9B

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

Questions about Nexstar Media and Versant Media

Which is bigger by revenue, Nexstar Media or Versant Media?

Versant Media is bigger by revenue: $6.7B in fiscal 2025, against $4.9B for Nexstar Media in fiscal 2025.

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

Nexstar Media had a net margin of 2.2% in fiscal 2025; Versant Media had 13.9% in fiscal 2025.

Which grew revenue faster, Nexstar Media or Versant Media?

In their latest fiscal years revenue changed by -8.5% at Nexstar Media and -5.3% at Versant 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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