Nexstar Media Group (NXST) AI Stock Analysis

• Market Cap: $5.72B
• Dividend Yield: 3.85%
• Average Volume (3M): 300.61K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.77
• Revenue Growth: 6.57%
• EPS Growth: 55.37%
• Country: US
• Employees: 11,773
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): 3.06
• Shares Outstanding: 30,315,770
• 10 Day Avg. Volume: 246,149
• 30 Day Avg. Volume: 300,611
• PEG Ratio: 0.06
• Price to Book (P/B): 2.26
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 4.62
• Enterprise Value/Market Cap: 2.05
• Enterprise Value/Revenue: 2.20
• Enterprise Value/Gross Profit: 4.05
• Enterprise Value/Ebitda: 5.69
• 1Y Price Target: $238.86
• Price Target Upside: 26.62% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 72 Outperform
• Price Target: $209.00 ▲(10.79% Upside)

Nexstar Media Group's strong financial performance and attractive valuation are key strengths, but these are offset by technical weakness and challenges in revenue and advertising. The earnings call provided a balanced view with both positive developments and significant challenges.

Positive Factors

Strong Cash Flow Management

Strong cash flow management ensures Nexstar can sustain operations, invest in growth opportunities, and return value to shareholders, enhancing long-term financial stability.

Audience Growth

Consistent audience growth in key networks like NewsNation and The CW strengthens Nexstar's market position and advertising appeal, supporting revenue stability.

Regulatory Progress

Regulatory progress could enhance Nexstar's competitive landscape, allowing for potential expansion and increased market share, benefiting long-term growth.

Negative Factors

Revenue Decline

Declining revenue, particularly from political advertising, may hinder Nexstar's growth prospects and affect its ability to invest in future initiatives.

High Debt Levels

High debt levels can strain Nexstar's financial flexibility, potentially limiting its ability to respond to market changes or invest in growth opportunities.

Advertising Revenue Challenges

Challenges in advertising revenue, especially in key sectors, could impact Nexstar's profitability and hinder its ability to capitalize on market opportunities.

Nexstar Media Group Business Overview & Revenue Model

Company Description

Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.

How the Company Makes Money

Nexstar Media Group generates revenue through multiple key streams, primarily from advertising sales on its television stations and digital platforms. Local and national advertisers pay for ad slots during programming, which is a significant portion of their income. Additionally, Nexstar earns revenue through retransmission consent fees from cable and satellite providers, who pay to carry its local broadcast signals. The company also benefits from digital media revenue, including online advertising and content partnerships. Strategic alliances with other media companies and the expansion of its digital presence further enhance its earning potential, allowing Nexstar to capitalize on both traditional and digital advertising markets.

Nexstar Media Group Financial Statement Overview

Summary

Nexstar Media Group exhibits strong profitability and cash flow management, with high margins and efficient equity utilization. However, the reliance on debt and a slight revenue decline are potential risks.

Income Statement

Nexstar Media Group shows strong profitability with a gross profit margin of 58.5% and a net profit margin of 12.2% for TTM (Trailing-Twelve-Months). The EBIT margin stands at 22.6%, and the EBITDA margin is robust at 39.5%. However, revenue has slightly decreased compared to the previous annual period, indicating a potential area of concern for growth sustainability.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio of 2.91, indicating a reliance on debt financing. Return on equity is relatively strong at 29.2%, showcasing efficient equity utilization. However, the equity ratio is on the lower side at 19.7%, suggesting higher leverage which could pose financial risk.

Cash Flow

Nexstar Media Group demonstrates healthy cash flow with a free cash flow growth rate of 6.3% compared to the previous annual period. The operating cash flow to net income ratio is at 2.00, signaling strong cash generation relative to earnings. Furthermore, the free cash flow to net income ratio is high at 1.79, indicating excellent cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.32B	5.41B	4.93B	5.21B	4.65B	4.50B
Gross Profit	2.89B	3.19B	2.81B	3.21B	2.80B	2.79B
EBITDA	2.06B	2.21B	1.79B	2.22B	1.96B	2.00B
Net Income	634.00M	722.00M	346.00M	971.00M	834.00M	811.50M
Balance Sheet
Total Assets	526.00M	11.47B	12.08B	12.68B	13.26B	13.40B
Cash, Cash Equivalents and Short-Term Investments	584.00M	144.00M	147.00M	204.10M	190.87M	152.70M
Total Debt	0.00	6.81B	7.13B	7.00B	7.46B	7.67B
Total Liabilities	0.00	9.20B	9.77B	9.91B	10.41B	10.87B
Stockholders Equity	0.00	2.26B	2.30B	2.74B	2.85B	2.52B
Cash Flow
Free Cash Flow	1.25B	1.10B	850.00M	1.25B	1.06B	1.04B
Operating Cash Flow	1.38B	1.25B	999.00M	1.40B	1.22B	1.25B
Investing Cash Flow	-152.00M	-102.00M	-173.00M	125.00M	-232.00M	-39.80M
Financing Cash Flow	-1.14B	-1.15B	-899.00M	-1.51B	-945.00M	-1.29B

Nexstar Media Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 188.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXST, the sentiment is Negative. The current price of 188.65 is below the 20-day moving average (MA) of 195.23, below the 50-day MA of 200.15, and above the 200-day MA of 174.90, indicating a neutral trend. The MACD of -2.64 indicates Positive momentum. The RSI at 38.90 is Neutral, neither overbought nor oversold. The STOCH value of 22.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NXST.

Nexstar Media Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FOX	―	$25.61B	11.11	19.96%	1.01%	16.60%	57.39%
FOXA	―	$25.61B	12.45	19.96%	0.90%	16.60%	57.39%
NXST	―	$5.72B	9.64	27.64%	3.85%	6.57%	55.37%
NWSA	―	$15.51B	32.77	5.69%	0.77%	-11.42%	75.42%
NWS	―	$15.51B	38.28	5.69%	0.65%	-11.42%	75.42%
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
SBGI	―	$917.95M	16.50	14.27%	7.59%	8.11%	―

Nexstar Media Group Corporate Events

Nexstar Media Declares Quarterly Dividend for Shareholders

On October 29, 2025, Nexstar Media Group announced that its Board of Directors declared a quarterly cash dividend of $1.86 per share on its common stock, payable on November 26, 2025, to shareholders of record on November 12, 2025. This decision reflects the company’s commitment to providing regular returns to its shareholders, although future dividends will be subject to quarterly review by the Board.

The most recent analyst rating on (NXST) stock is a Buy with a $225.00 price target. To see the full list of analyst forecasts on Nexstar Media Group stock, see the NXST Stock Forecast page.

Nexstar Media Group Announces Acquisition of TEGNA Inc.

On August 18, 2025, Nexstar Media Group announced a definitive agreement to acquire TEGNA Inc. for $6.2 billion, including debt, in a transaction that enhances Nexstar’s position in the media industry. The merger, unanimously approved by TEGNA’s board, will create a combined entity with a significant presence in local media markets, expanding Nexstar’s reach and operational scale. The acquisition is expected to drive increased profitability and shareholder returns, with anticipated annual net synergies of approximately $300 million. The transaction is subject to customary closing conditions and regulatory approvals, with an expected close by the second half of 2026.

The most recent analyst rating on (NXST) stock is a Buy with a $235.00 price target. To see the full list of analyst forecasts on Nexstar Media Group stock, see the NXST Stock Forecast page.

Nexstar Media Group’s Earnings Call Highlights Growth Amid Challenges

Nexstar Media Group’s recent earnings call conveyed a cautiously optimistic sentiment, underscoring a mix of achievements and challenges. The company celebrated strong financial performance and growth in its NewsNation and CW Network segments, alongside favorable regulatory developments. However, these positives were balanced by declines in net and advertising revenues, as well as ongoing subscriber attrition issues.

Nexstar Media Group Reports Q2 2025 Earnings

Nexstar Media Group, Inc. is a leading diversified media company in the United States, primarily engaged in producing and distributing local and national news, sports, and entertainment content across its television and digital platforms. The company owns America’s largest local television broadcasting group and has significant stakes in national television properties and digital assets.

Nexstar Media Group Declares Quarterly Cash Dividend

On August 1, 2025, Nexstar Media Group announced that its Board of Directors declared a quarterly cash dividend of $1.86 per share on its common stock, payable on August 29, 2025, to shareholders of record as of August 15, 2025. This decision reflects the company’s ongoing commitment to providing regular returns to its shareholders, although future dividends will be subject to quarterly review and board discretion.

The most recent analyst rating on (NXST) stock is a Buy with a $200.00 price target. To see the full list of analyst forecasts on Nexstar Media Group stock, see the NXST Stock Forecast page.