Nexstar Media Group, Inc (NXST) Key Metrics
NXST valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.07B
- Enterprise value
- $16.74B
- P/E (TTM)
- 31.2 10-yr median 8.8
- Forward P/E
- 8.9
- PEG ratio
- 0.28
- Price / sales
- 0.9 10-yr median 1.3
- Price / book
- 2.3 10-yr median 2.4
- EV / EBITDA
- 11.0 10-yr median 7.1
- Dividend yield
- 4.52% $7.44 a year
- Beta
- 0.93
NXST key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNXST valuation Price multiples at each fiscal year-end price.
NXST returns How much profit the business earns on the capital it uses.
NXST per-share figures Results divided by the shares outstanding at year-end.
NXST financial health Debt, liquidity and how easily interest is covered.
NXST efficiency & capital use Working capital cycle and where the cash goes.
NXST valuation history
NXST returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NXST debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NXST cash returned to shareholders
NXST price vs earnings per share
NXST key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.24B | $5.18B | $5.62B | $7.03B | $6.64B | $5.10B | $5.62B | $3.73B | $3.58B | $2.00B |
| Enterprise value | $12.81B | $11.85B | $12.60B | $13.83B | $13.91B | $12.65B | $13.88B | $7.56B | $7.82B | $4.26B |
| P/E ratio | 57.2 | 7.2 | 16.2 | 7.2 | 8.0 | 6.3 | 24.4 | 9.6 | 7.5 | 21.9 |
| Price / sales | 1.3 | 1.0 | 1.1 | 1.3 | 1.4 | 1.1 | 1.8 | 1.3 | 1.5 | 1.8 |
| Price / book | 3.0 | 2.3 | 2.4 | 2.6 | 2.3 | 2.0 | 2.8 | 2.0 | 2.3 | 11.9 |
| Price / free cash flow | 8.4 | 4.7 | 6.6 | 5.6 | 6.2 | 4.9 | 25.5 | 5.9 | 97.7 | 7.9 |
| Price / operating cash flow | 7.0 | 4.1 | 5.6 | 5.0 | 5.5 | 4.1 | 13.5 | 5.1 | 32.8 | 7.1 |
| EV / sales | 2.6 | 2.2 | 2.6 | 2.7 | 3.0 | 2.8 | 4.6 | 2.7 | 3.2 | 3.9 |
| EV / EBITDA | 9.8 | 5.4 | 7.0 | 6.2 | 7.1 | 6.3 | 12.8 | 7.0 | 9.7 | 10.4 |
| EV / free cash flow | 17.2 | 10.7 | 14.8 | 11.1 | 13.1 | 12.2 | 63.1 | 12.0 | 213.6 | 16.9 |
| Earnings yield | 1.7% | 13.9% | 6.2% | 13.8% | 12.6% | 15.9% | 4.1% | 10.4% | 13.3% | 4.6% |
| Free cash flow yield | 11.9% | 21.3% | 15.1% | 17.7% | 16.0% | 20.3% | 3.9% | 16.9% | 1.0% | 12.6% |
| Dividend yield | 2.7% | 4.2% | 3.4% | 2.0% | 1.8% | 2.0% | 1.5% | 1.8% | 1.6% | 1.5% |
| Shareholder yield (dividends + buybacks) | 4.6% | 15.8% | 14.2% | 14.5% | 9.9% | 7.5% | 2.3% | 3.2% | 4.3% | 1.5% |
| Share price at fiscal year-end | $203.05 | $157.97 | $156.75 | $175.03 | $150.98 | $109.19 | $117.25 | $78.64 | $78.20 | $63.30 |
| Per share | ||||||||||
| Revenue per share | $161.17 | $164.87 | $137.66 | $129.67 | $105.68 | $96.35 | $63.42 | $58.35 | $53.15 | $34.84 |
| Earnings per share | $3.55 | $22.01 | $9.66 | $24.16 | $18.96 | $17.37 | $4.80 | $8.21 | $10.38 | $2.89 |
| Operating cash flow per share | $29.02 | $38.11 | $27.88 | $34.91 | $27.62 | $26.84 | $8.71 | $15.54 | $2.38 | $8.98 |
| Free cash flow per share | $24.20 | $33.69 | $23.72 | $31.00 | $24.19 | $22.20 | $4.59 | $13.30 | $0.80 | $7.97 |
| Cash per share | $9.12 | $4.39 | $4.10 | $5.08 | $4.34 | $3.27 | $4.84 | $3.06 | $2.53 | $2.77 |
| Book value per share | $67.22 | $68.82 | $64.16 | $68.21 | $64.81 | $53.90 | $42.39 | $39.08 | $34.33 | $5.34 |
| Tangible book value per share | −$175.27 | −$165.90 | −$159.07 | −$138.45 | −$132.52 | −$135.16 | −$149.12 | −$75.62 | −$85.71 | −$37.00 |
| Dividends per share | $5.50 | $6.68 | $5.33 | $3.54 | $2.69 | $2.16 | $1.73 | $1.45 | $1.22 | $0.93 |
| Capex per share | $4.82 | $4.42 | $4.16 | $3.91 | $3.43 | $4.65 | $4.12 | $2.24 | $1.58 | $1.01 |
| Debt per share | $223.34 | $207.74 | $198.97 | $174.21 | $169.57 | $164.89 | $177.21 | $83.97 | $95.35 | $73.98 |
| Shares outstanding | 30.7M | 32.8M | 35.8M | 40.2M | 44.0M | 46.7M | 47.9M | 47.4M | 45.8M | 31.7M |
| Change in shares outstanding | −6.4% | −8.5% | −10.8% | −8.6% | −5.9% | −2.5% | +1.1% | +3.6% | +44.5% | −1.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.0% | 31.7% | 13.7% | 34.7% | 31.1% | 35.7% | 11.9% | 22.8% | 54.6% | 73.3% |
| Return on invested capital (ROIC) | 5.4% | 9.9% | 5.1% | 10.3% | 8.8% | 9.9% | 5.2% | 9.6% | 12.6% | 8.0% |
| Return on assets (ROA) | 1.0% | 6.1% | 2.8% | 7.5% | 6.3% | 5.9% | 2.2% | 5.4% | 9.1% | 3.8% |
| Return on tangible assets | 3.1% | 19.2% | 8.5% | 22.2% | 18.2% | 17.8% | 4.8% | 24.0% | 23.9% | 5.6% |
| Free cash flow margin | 15.0% | 20.4% | 17.2% | 23.9% | 22.9% | 23.0% | 7.2% | 22.8% | 1.5% | 22.9% |
| Income quality (OCF / net income) | 8.17 | 1.73 | 2.89 | 1.44 | 1.46 | 1.55 | 1.81 | 1.89 | 0.23 | 3.11 |
| Financial health | ||||||||||
| Total debt | $6.86B | $6.81B | $7.13B | $7.00B | $7.46B | $7.70B | $8.49B | $3.98B | $4.36B | $2.34B |
| Cash & short-term investments | $280.0M | $144.0M | $147.0M | $204.0M | $190.9M | $152.7M | $232.1M | $145.1M | $115.7M | $87.7M |
| Net debt | $6.58B | $6.67B | $6.98B | $6.80B | $7.27B | $7.55B | $8.26B | $3.84B | $4.25B | $2.25B |
| Debt / equity | 3.32 | 3.02 | 3.10 | 2.55 | 2.62 | 3.06 | 4.18 | 2.15 | 2.78 | 13.85 |
| Debt / assets | 0.62 | 0.59 | 0.59 | 0.55 | 0.56 | 0.57 | 0.61 | 0.56 | 0.58 | 0.79 |
| Net debt / EBITDA | 5.01 | 3.02 | 3.90 | 3.07 | 3.70 | 3.77 | 7.60 | 3.57 | 5.27 | 5.52 |
| Current ratio | 2.07 | 1.66 | 1.53 | 1.81 | 1.79 | 1.66 | 1.43 | 1.90 | 1.57 | 1.92 |
| Quick ratio | 2.07 | 1.66 | 1.62 | 1.79 | 1.79 | 1.66 | 1.25 | 1.84 | 1.47 | 1.70 |
| Interest coverage | 2.3 | 2.9 | 1.6 | 3.9 | 4.2 | 4.1 | 2.2 | 3.4 | 2.2 | 2.5 |
| Working capital | $762.0M | $514.0M | $505.0M | $722.0M | $625.4M | $479.1M | $404.2M | $362.9M | $385.5M | $173.6M |
| Invested capital | $8.64B | $8.93B | $9.28B | $9.54B | $10.12B | $10.07B | $10.29B | $5.69B | $5.82B | $2.42B |
| Tangible asset value | −$5.38B | −$5.43B | −$5.69B | −$5.54B | −$5.82B | −$6.30B | −$7.12B | −$3.57B | −$3.91B | −$1.06B |
| Net current asset value | −$7.45B | −$7.90B | −$8.30B | −$8.29B | −$8.99B | −$9.66B | −$10.58B | −$4.43B | −$4.84B | −$2.32B |
| Graham number | $73.27 | $184.63 | $118.06 | $192.56 | $166.28 | $145.14 | $67.70 | $84.99 | $89.55 | $18.64 |
| Graham net-net per share | −$255.24 | −$252.62 | −$246.71 | −$221.17 | −$214.87 | −$214.81 | −$228.64 | −$97.57 | −$116.42 | −$76.10 |
| Capital allocation | ||||||||||
| Dividends paid | $169.0M | $219.0M | $191.0M | $142.2M | $118.2M | $101.0M | $82.8M | $68.6M | $55.9M | $29.4M |
| Share buybacks (net) | $120.0M | $601.0M | $605.0M | $880.7M | $536.8M | $281.9M | $45.1M | $50.5M | $99.0M | $0 |
| Dividend payout ratio | 155.0% | 30.3% | 55.2% | 14.6% | 14.2% | 12.5% | 36.0% | 17.6% | 11.8% | 32.2% |
| Dividends + buybacks / free cash flow | 38.9% | 74.2% | 93.6% | 82.1% | 61.6% | 36.9% | 58.2% | 18.9% | 422.9% | 11.7% |
| Capex / revenue | 3.0% | 2.7% | 3.0% | 3.0% | 3.2% | 4.8% | 6.5% | 3.8% | 3.0% | 2.9% |
| Capex / operating cash flow | 16.6% | 11.6% | 14.9% | 11.2% | 12.4% | 17.3% | 47.3% | 14.4% | 66.4% | 11.2% |
| Capex / depreciation | 0.19 | 0.18 | 0.16 | 0.24 | 0.26 | 0.38 | 0.48 | 0.33 | 0.22 | 0.26 |
| Stock-based compensation / revenue | 1.2% | 1.4% | 1.2% | 1.2% | 1.0% | 1.1% | 1.3% | 1.1% | 1.0% | 1.0% |
| SG&A / revenue | 21.5% | 20.1% | 23.1% | 17.3% | 18.8% | 20.3% | 24.0% | 17.0% | 19.2% | 19.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 77.6 | 71.7 | 80.5 | 73.6 | 75.6 | 72.5 | 85.9 | 73.2 | 58.6 | 68.0 |
| Days of inventory on hand | — | — | -6.2 | 1.4 | 0.0 | 17.9 | 25.9 | 15.4 | 20.0 | 21.5 |
| Days payables outstanding | 16.1 | 30.2 | 37.2 | 40.6 | 45.7 | 39.9 | 30.5 | 16.2 | 9.0 | 20.0 |
| Cash conversion cycle (days) | 61.5 | 41.4 | 37.1 | 34.4 | 29.9 | 50.5 | 81.3 | 72.5 | 69.7 | 69.5 |
| Receivables turnover | 4.71 | 5.09 | 4.54 | 4.96 | 4.83 | 5.03 | 4.25 | 4.98 | 6.23 | 5.37 |
| Payables turnover | 22.71 | 12.07 | 9.82 | 8.99 | 7.98 | 9.16 | 11.98 | 22.59 | 40.71 | 18.24 |
| Inventory turnover | — | — | — | 257.05 | 1,862,000,000.00 | 20.41 | 14.10 | 23.65 | 18.24 | 16.98 |
| Asset turnover | 0.44 | 0.46 | 0.40 | 0.40 | 0.35 | 0.33 | 0.29 | 0.38 | 0.47 | 0.46 |
| Average receivables | $1.05B | $1.06B | $1.09B | $1.05B | $962.9M | $894.4M | $715.6M | $555.1M | $390.5M | $205.5M |
| Average payables | $133.0M | $184.0M | $216.5M | $223.1M | $233.3M | $187.9M | $112.6M | $49.5M | $25.4M | $22.8M |
| Average inventory | — | — | −$36.2M | $7.8M | $1 | $84.3M | $95.6M | $47.3M | $56.8M | $24.5M |
| Intangibles / total assets | 67.8% | 67.1% | 66.2% | 65.5% | 65.4% | 65.9% | 65.6% | 77.0% | 73.4% | 45.2% |
Computed from NXST's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NXST valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Nexstar Media traded at 57.2 times earnings, against a 10-year median of 8.8. Based on the latest twelve months, the trailing P/E is 31.2 and the forward P/E is 8.9. Nexstar Media earned a return on equity of 5.0% and a return on invested capital of 5.4% in fiscal 2025. It ended the year with $6.9 billion of debt and $280.0 million in cash and short-term investments, net debt of $6.6 billion. It returned $289.0 million to shareholders: $169.0 million in dividends and $120.0 million in share buybacks, 39% of free cash flow. The share count fell 3.0% from 31.7M to 30.7M over 9 years.
See the NXST income statement, the NXST chart for price history, or the NXST stock overview for the latest quote and news.
NXST key metrics FAQ
What is Nexstar Media's P/E ratio?
Nexstar Media's trailing P/E ratio is 31.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.9. At the end of fiscal 2025 it was 57.2, compared with a 10-year median of 8.8.
What is Nexstar Media's EV/EBITDA?
Nexstar Media's enterprise value was 9.8 times EBITDA at the end of fiscal 2025 (enterprise value $12.8 billion, EBITDA $1.3 billion); the current EV/EBITDA is 11.0.
What is Nexstar Media's return on equity?
Nexstar Media's return on equity (ROE) was 5.0% in fiscal 2025: net income of $109.0 million on average shareholders' equity of $2.2 billion.
What is Nexstar Media's ROIC?
Nexstar Media's return on invested capital was 5.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Nexstar Media have?
Nexstar Media had total debt of $6.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 3.32 and $6.6 billion of net debt (5.01 times EBITDA).
What is Nexstar Media's dividend yield?
Nexstar Media's forward dividend yield is 4.52%. Nexstar Media paid $169.0 million in dividends in fiscal 2025 ($5.50 per share), a payout ratio of 155.0%.
Does Nexstar Media buy back its shares?
Yes. Nexstar Media spent $120.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −6.4% over the year, to 30.7M..
What is Nexstar Media's free cash flow yield?
Nexstar Media generated $743.0 million of free cash flow in fiscal 2025, a free cash flow yield of 11.9% on its market value at year-end ($6.2 billion).
What is Nexstar Media's current ratio?
Nexstar Media's current ratio was 2.07 at the end of fiscal 2025: current assets were 2.07 times current liabilities.