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NEXSTAR MEDIA GROUP, INC.

CIK: 1142417 SIC: 4833
$5.15B
Revenue
$517.00M
Net Income
-
Gross Margin
19.91%
Op. Margin
$1.80B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 9 of 13 annual reports available (2012 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $5.15B $5.41B $4.93B $5.21B $4.65B $4.50B $3.04B $2.77B $2.43B $1.10B
Revenue Growth % -4.8% 9.6% -5.3% 12.1% 3.3% 48.1% 9.9% 13.8% 120.4% nan%
Operating Expenses $4.12B $4.14B $4.22B $3.90B $3.47B $3.13B $2.38B $2.01B $1.91B $815.88M
Selling General & Admin $1.06B $1.09B $1.10B $1.10B $1.02B $912.06M $729.98M $579.93M $591.99M $263.61M
+ Operating Income $1.02B $1.27B $708.00M $1.31B $1.18B $1.38B $655.13M $757.78M $518.75M $287.31M
Operating Margin % 19.9% 23.5% 14.4% 25.2% 25.3% 30.6% 21.6% 27.4% 21.3% 26.0%
Interest Expense $676.00M $431.00M $437.00M $330.10M $273.20M $324.35M $250.66M $218.75M $213.68M $117.16M
Other Income/Expense $-4.00M $-2.00M - $-7.60M $-1.73M $-944.00K $-684.00K $-2.48M $-1.28M $-555.00K
Income Before Tax $701.00M $959.00M $401.00M $1.22B $1.09B $1.10B $373.32M $532.95M $241.38M $170.67M
Income Tax Expense $218.00M $276.00M $131.00M $273.60M $262.88M $296.51M $137.03M $144.68M $-233.94M $77.57M
+ Net Income $517.00M $722.00M $346.00M $971.10M $834.57M $811.44M $230.26M $389.48M $475.00M $91.54M
Net Margin % 10.0% 13.4% 7.0% 18.6% 18.0% 18.0% 7.6% 14.1% 19.5% 8.3%
Basic EPS 16.22 21.73 9.78 24.68 19.81 18.06 5.01 8.52 10.38 2.98
Diluted EPS 16.02 21.41 9.64 24.16 18.98 17.37 4.80 8.21 10.07 2.89
Basic Shares Outstanding 30.3M 32.3M 35.3M 39.3M 42.1M 44.9M 46.0M 45.7M 45.8M 30.7M
Diluted Shares Outstanding 30.6M 32.8M 35.8M 40.2M 44.0M 46.7M 47.9M 47.4M 47.1M 31.7M
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $144.00M $135.00M $204.10M $190.87M $152.70M $232.07M $145.12M $115.65M $87.68M
Accounts Receivable $1.03B $1.09B $1.08B $1.02B $904.80M $883.92M $547.28M $562.94M $218.06M
Other Current Assets $41.00M $88.00M $121.40M $185.17M $135.87M $152.00M $22.67M $71.86M $15.03M
Total Current Assets $1.30B $1.47B $1.61B $1.41B $1.21B $1.35B $767.08M $1.06B $363.22M
Property Plant & Equipment $1.21B $1.27B $1.26B $1.51B $1.60B $1.29B $731.54M $734.14M $276.15M
Goodwill $2.92B $2.95B $2.96B $3.05B $2.98B $3.00B $2.17B $2.14B $473.30M
Intangible Assets $1.85B $2.12B $2.43B $2.72B $2.94B $3.26B $1.49B $1.58B $324.74M
Long-term Investments $877.00M $958.00M $1.12B $1.22B $1.33B $1.48B $13.97M - -
Other Non-current Assets $389.00M $386.00M $377.70M $396.19M $418.20M $451.70M $125.27M $199.18M $85.07M
Total Assets $11.47B $12.08B $12.68B $13.26B $13.40B $13.99B $7.06B $7.48B $2.97B
Accounts Payable $133.00M $235.00M $197.70M $248.18M $218.42M $157.37M $67.83M $31.14M $19.75M
Accrued Liabilities $314.00M $350.00M $319.50M $315.95M $307.19M $542.68M $143.85M $159.28M $71.31M
Other Current Liabilities $115.00M $69.00M $51.10M $56.27M $42.44M $60.24M $12.35M $17.17M $9.71M
Total Current Liabilities $783.00M $961.00M $893.20M $787.29M $730.89M $947.56M $404.17M $670.70M $189.58M
Long-term Debt $6.52B $6.71B $6.83B $7.37B $7.65B $8.38B $3.88B $4.27B $2.31B
Deferred Tax Liabilities $1.49B $1.52B $1.61B $1.73B $1.67B $1.71B - - -
Other Non-current Liabilities $531.00M $571.00M $583.60M $523.28M $815.93M $894.75M $270.08M $340.54M $45.82M
Total Liabilities $9.20B $9.77B $9.91B $10.41B $10.87B $11.94B $5.19B $5.90B $2.68B
Common Stock - - $500.00K $500.00K - - - - -
Retained Earnings $3.67B $3.19B $3.03B $2.20B $1.49B $778.83M $620.37M $299.52M $-176.58M
Treasury Stock $2.72B $2.17B $1.61B $806.99M $367.13M $121.39M $105.69M $78.06M $41.51M
Total Stockholders Equity $2.26B $2.30B $2.74B $2.85B $2.52B $2.03B $1.85B $1.57B $169.14M
Total Liabilities & Equity $11.47B $12.08B $12.68B $13.26B $13.40B $13.99B $7.06B $7.48B $2.97B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $517.00M $722.00M $346.00M $971.10M $834.57M $811.44M $230.26M $389.48M $475.00M $91.54M
Depreciation & Amortization $812.00M $808.00M $941.00M $662.10M $588.60M $564.90M - - - -
Stock-based Compensation $136.00M $78.00M $60.00M $61.60M $46.70M $48.27M $38.62M $31.26M $24.07M $11.39M
Deferred Income Tax - $-33.00M $-76.00M - - - - - - -
Change in Receivables $-7.00M $-68.00M $13.00M $11.60M $118.60M $16.05M $-2.18M $-30.87M $55.82M $27.29M
Change in Payables $15.00M $-98.00M $32.00M $-49.70M $27.71M $53.67M $49.90M $16.52M $-62.50M -
Operating Cash Flow $2.03B $1.25B $999.00M $1.40B $1.21B $1.25B $417.47M $736.87M $109.09M $284.25M
Capital Expenditure $228.00M $145.00M $149.00M $157.30M $150.76M $217.04M $197.51M $106.25M $72.46M $31.87M
Acquisitions - - $38.00M - $138.37M $386.38M $5.88B $103.98M $2.98B $103.97M
Purchases of Investments - - - - - $7.00M - - - -
Investing Cash Flow $-302.00M $-102.00M $-173.00M $125.20M $-232.10M $-39.75M $-4.70B $-175.51M $-2.07B $-135.12M
Debt Repayment $7.32B $382.00M $145.00M $2.96B $590.18M $2.18B $902.22M $653.01M $1.92B $80.14M
Stock Repurchased $503.00M $601.00M $605.00M $880.70M $536.80M $281.90M $45.12M $50.52M $99.01M -
Dividends Paid $391.00M $219.00M $191.00M $142.20M $118.21M $101.04M $82.82M $68.63M $55.89M $29.45M
Financing Cash Flow $-1.48B $-1.15B $-899.00M $-1.51B $-945.56M $-1.29B $4.39B $-531.89M $1.06B $822.93M
Net Change in Cash - - - - - - - - $27.97M $44.26M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $1.20B $1.37B $3.66B $3.92B
Operating Expenses $1.02B $1.03B $3.05B $3.07B
Selling General & Admin $270.00M $277.00M $790.00M $818.00M
Operating Income $175.00M $335.00M $607.00M $851.00M
Interest Expense $94.00M $113.00M $294.00M $344.00M
Other Income/Expense $3.00M $-1.00M $-2.00M $-1.00M
Income Before Tax $96.00M $244.00M $364.00M $622.00M
Income Tax Expense $31.00M $64.00M $111.00M $169.00M
Net Income $70.00M $187.00M $275.00M $480.00M
Basic EPS 2.16 5.34 8.66 14.17
Diluted EPS 2.14 5.27 8.57 13.96
Basic Shares Outstanding $30.32M $32.02M $30.36M $32.76M
Diluted Shares Outstanding $30.65M $32.44M $30.70M $33.25M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $236.00M $144.00M
Accounts Receivable $1.01B $1.03B
Other Current Assets $82.00M $41.00M
Total Current Assets $1.39B $1.30B
Property Plant & Equipment $1.16B $1.21B
Goodwill $2.92B $2.92B
Intangible Assets $1.66B $1.85B
Long-term Investments $774.00M $877.00M
Other Non-current Assets $388.00M $389.00M
Total Assets $11.25B $11.47B
Accounts Payable $100.00M $133.00M
Accrued Liabilities $353.00M $314.00M
Other Current Liabilities $69.00M $78.00M
Total Current Liabilities $745.00M $783.00M
Long-term Debt $6.25B $6.40B
Deferred Tax Liabilities $1.47B $1.49B
Other Non-current Liabilities $505.00M $531.00M
Total Liabilities $8.96B $9.20B
Common Stock - -
Retained Earnings $3.77B $3.67B
Treasury Stock $2.79B $2.72B
Total Stockholders Equity $2.29B $2.26B
Total Liabilities & Equity $11.25B $11.47B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $70.00M $187.00M $275.00M $480.00M
Depreciation & Amortization $190.00M $190.00M $592.00M $588.00M
Stock-based Compensation - - $58.00M $57.00M
Change in Receivables - - $-15.00M $-80.00M
Change in Payables - - $-30.00M $-99.00M
Operating Cash Flow - - $701.00M $839.00M
Capital Expenditure - - $94.00M $110.00M
Acquisitions - - $22.00M -
Investing Cash Flow - - $-118.00M $-68.00M
Debt Repayment - - $3.57B $201.00M
Stock Repurchased - - $125.00M $423.00M
Dividends Paid - - $169.00M $167.00M
Financing Cash Flow - - $-491.00M $-737.00M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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