Nexstar Media Group (NXST)
Communication Services · Television broadcasting and media
America's largest TV broadcaster, monetizing local and national advertising alongside pay-TV distribution, but facing structural headwinds from cord-cutting and digital competition.
What Nexstar Media Group does
Nexstar Media Group is the largest television broadcaster in the United States, operating television stations across numerous markets. The company generates revenue through advertising sales on its broadcast television stations, distribution agreements with pay-TV providers, and network affiliation agreements. With a portfolio of FCC licenses and network affiliate relationships, Nexstar operates a diversified media business serving local and national advertisers and distributing content to cable and satellite subscribers.
Themes: ["Television broadcasting"]
Fundamentals
- Price$176.64 as of 2026-07-09 close
- Market cap$5.4B as of 2026-07-10
- 1-year return-3.7% as of 2026-07-09 close
- P/E32.89 as of 2026-07-10
- Net margin+3.2% as of 2026-07-10
- Gross margin+55.6% as of 2026-07-10
- ROE+7.5% as of 2026-07-10
- Debt / equity5.61 as of 2026-07-10
- Revenue growth (YoY)-4.6% as of 2026-07-10
- Revenue CAGR (3y)-1.7% SEC XBRL
- Beta0.92 as of 2026-07-10
Dividend: yield +4.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Declining MVPD subscriber base and loss of distribution revenue from cord-cutting and inability to renew distribution agreements on favorable terms"]
Competitors & peers
- TEGNA Inc (proposed merger target)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.