Nexstar Media Group, Inc.
NASDAQ:NXST · NASDAQ Global Select
-$0.92 today
Vol 0.62M · Avg 0.42M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:NXST · Revenue to Net Income
Key Ratios
Analysis
$5.1B of revenue converted into $165.0M of net income for the selected period. Gross margin is 45.2% and net margin is 3.2%, showing how much revenue survives after costs and taxes. EPS is $4.65, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9B -8.5% | $5.4B +9.6% | $4.9B -5.3% | $5.2B +12.1% | $4.6B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $3.0B +36.0% | $2.2B +4.5% | $2.1B +6.0% | $2.0B +7.7% | $1.9B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.9B -39.5% | $3.2B +13.5% | $2.8B -12.4% | $3.2B +15.1% | $2.8B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 39.0% -19.9pp | 58.9% +2.0pp | 56.9% -4.6pp | 61.5% +1.6pp | 59.9% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $815.0M -25.1% | $1.1B -0.7% | $1.1B -0.2% | $1.1B +7.2% | $1.0B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.1B -44.4% | $1.9B -8.7% | $2.1B +10.9% | $1.9B +17.6% | $1.6B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $785.0M -2.8% | $808.0M -14.1% | $941.0M +42.1% | $662.0M +12.4% | $589.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.3B -40.6% | $2.2B +23.6% | $1.8B -19.3% | $2.2B +12.8% | $2.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 26.6% -14.3pp | 40.9% +4.6pp | 36.3% -6.3pp | 42.5% +0.2pp | 42.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | $863.0M -31.9% | $1.3B +79.1% | $708.0M -46.0% | $1.3B +11.7% | $1.2B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 17.4% -6.0pp | 23.5% +9.1pp | 14.4% -10.8pp | 25.2% -0.1pp | 25.3% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $379.0M -14.6% | $444.0M -0.7% | $447.0M +32.6% | $337.0M +19.1% | $283.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$713.0M -130.7% | -$309.0M -0.7% | -$307.0M -223.2% | -$95.0M -15.9% | -$82.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $150.0M -84.4% | $959.0M +139.2% | $401.0M -67.1% | $1.2B +11.3% | $1.1B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 3.0% -14.7pp | 17.7% +9.6pp | 8.1% -15.2pp | 23.4% -0.2pp | 23.5% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $67.0M -75.7% | $276.0M +110.7% | $131.0M -52.2% | $274.0M +4.2% | $263.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $109.0M -84.9% | $722.0M +108.7% | $346.0M -64.4% | $971.0M +16.4% | $834.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 2.2% -11.2pp | 13.4% +6.3pp | 7.0% -11.6pp | 18.6% +0.7pp | 17.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $3 -86.0% | $22 +121.7% | $10 -60.3% | $25 +24.6% | $20 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $3 -86.0% | $21 +121.6% | $10 -60.0% | $24 +27.3% | $19 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $30.3M -6.1% | $32.3M -8.5% | $35.3M -10.2% | $39.3M -6.6% | $42.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $30.7M -6.4% | $32.8M -8.5% | $35.8M -10.8% | $40.2M -8.6% | $44.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Globalstar, Inc.
NASDAQ:GSAT
$10.28B
Sirius XM Holdings Inc.
NASDAQ:SIRI
$9.41B
Liberty Live Group
NASDAQ:LLYVK
$9.19B
Madison Square Garden Sports Corp.
NYSE:MSGS
$8.78B
QMMM Holdings Limited Ordinary Shares
QMMM
$5.84B
Turkcell Iletisim Hizmetleri A.S.
NYSE:TKC
$5.33B
Cinemark Holdings, Inc.
NYSE:CNK
$3.89B
WPP plc
NYSE:WPP
$3.89B
Array Digital Infrastructure, Inc.
NYSE:AD
$3.37B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does NXST generate?
Nexstar Media Group, Inc. (NXST) reported $4.95B of revenue in fiscal 2025.
Is NXST profitable?
Nexstar Media Group, Inc. (NXST) reported $109.00M of net income, with a net margin of 2.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.