# Nexstar Media Group, Inc.: overview

NXST · Nasdaq · CIK 1142417 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/nxst.md) · [Financials](/companies/nxst/financials.md) · [Filings](/companies/nxst/filings.md) · [Insiders](/companies/nxst/insiders.md)

Latest reported revenue: [$1.99bn](/filings/0001193125-26-339827.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-339827).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,366](/filings/0001193125-25-269795.md) | [1,487 d](/filings/0001193125-26-078361.md) | [1,234](/filings/0001193125-26-212539.md) | [1,229](/filings/0001193125-26-339827.md) | [1,198](/filings/0001193125-25-269795.md) | [1,289 d](/filings/0001193125-26-078361.md) | [1,396](/filings/0001193125-26-212539.md) | [1,993](/filings/0001193125-26-339827.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [24.5%](/filings/0001193125-25-269795.md) | [28.0% d](/filings/0001193125-26-078361.md) | [17.8%](/filings/0001193125-26-212539.md) | [17.3%](/filings/0001193125-26-339827.md) | [14.6%](/filings/0001193125-25-269795.md) | [18.8% d](/filings/0001193125-26-078361.md) | [19.0%](/filings/0001193125-26-212539.md) | [18.2%](/filings/0001193125-26-339827.md) |
| Net margin | % | [13.7%](/filings/0001193125-25-269795.md) | [16.3% d](/filings/0001193125-26-078361.md) | [8.8%](/filings/0001193125-26-212539.md) | [7.9%](/filings/0001193125-26-339827.md) | [5.8%](/filings/0001193125-25-269795.md) | [(12.9%) d](/filings/0001193125-26-078361.md) | [11.7%](/filings/0001193125-26-212539.md) | [6.0%](/filings/0001193125-26-339827.md) |
| Diluted EPS | $ per share | [5.27](/filings/0001193125-25-269795.md) | not reported | [3.37](/filings/0001193125-26-212539.md) | [3.06](/filings/0001193125-26-339827.md) | [2.14](/filings/0001193125-25-269795.md) | not reported | [5.09](/filings/0001193125-26-212539.md) | [3.61](/filings/0001193125-26-339827.md) |
| Free cash flow | $m | [358 d](/filings/0001193125-25-269795.md) | [376 d](/filings/0001193125-26-078361.md) | [302](/filings/0001193125-26-212539.md) | [218 d](/filings/0001193125-26-339827.md) | [87.0 d](/filings/0001193125-25-269795.md) | [136 d](/filings/0001193125-26-078361.md) | [267](/filings/0001193125-26-212539.md) | [253 d](/filings/0001193125-26-339827.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,648](/filings/0000950170-24-021979.md) | [5,211](/filings/0000950170-25-028949.md) | [4,933](/filings/0001193125-26-078361.md) | [5,407](/filings/0001193125-26-078361.md) | [4,949](/filings/0001193125-26-078361.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [25.3%](/filings/0000950170-24-021979.md) | [25.2%](/filings/0000950170-25-028949.md) | [14.4%](/filings/0001193125-26-078361.md) | [23.5%](/filings/0001193125-26-078361.md) | [17.2%](/filings/0001193125-26-078361.md) |
| Net margin | % | [17.9%](/filings/0000950170-24-021979.md) | [18.6%](/filings/0000950170-25-028949.md) | [7.0%](/filings/0001193125-26-078361.md) | [13.4%](/filings/0001193125-26-078361.md) | [2.2%](/filings/0001193125-26-078361.md) |
| Diluted EPS | $ per share | [18.98](/filings/0000950170-24-021979.md) | [24.16](/filings/0000950170-25-028949.md) | [9.64](/filings/0001193125-26-078361.md) | [21.41](/filings/0001193125-26-078361.md) | [3.00](/filings/0001193125-26-078361.md) |
| Free cash flow | $m | [1,064](/filings/0000950170-24-021979.md) | [1,246](/filings/0000950170-25-028949.md) | [850](/filings/0001193125-26-078361.md) | [1,105](/filings/0001193125-26-078361.md) | [743](/filings/0001193125-26-078361.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/nxst/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $599.7m | 3,358,210 |  | Added +140,494 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $255.6m | 1,431,230 |  | Added +42,800 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $254.9m | 1,427,362 |  | Reduced −6,133 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $232.5m | 1,302,020 |  | Added +16,297 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $193.3m | 1,082,163 |  | Added +95,765 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $168.7m | 944,838 |  | Added +52,750 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $167.0m | 935,092 |  | Added +237,018 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $153.9m | 861,185 |  | Added +38,654 |
| [MASSACHUSETTS FINANCIAL SERVICES CO /MA/](/funds/912938.md) | 2026-06-30 | $150.3m | 841,345 |  | Added +258,014 |
| [NEUBERGER BERMAN GROUP LLC](/funds/1465109.md) | 2026-06-30 | $141.3m | 791,076 |  | Reduced −113,749 |

## Recent filings

[All 2,023 filings](/companies/nxst/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 12:22 ET | [8-K](/filings/0001193125-26-440976.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-440976 |
| 2026-08-07 | 13:09 ET | [10-Q](/filings/0001193125-26-339827.md) | Quarterly report, period 2026-06-30 | 0001193125-26-339827 |
| 2026-08-06 | 07:03 ET | [8-K](/filings/0001193125-26-336678.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-336678 |
| 2026-08-03 | 15:05 ET | [8-K](/filings/0001193125-26-330355.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-330355 |
| 2026-06-16 | 15:33 ET | [8-K](/filings/0001193125-26-272491.md) | 5.07 Shareholder vote results; 7.01 Regulation FD disclosure | 0001193125-26-272491 |
| 2026-06-04 | 17:10 ET | [8-K/A](/filings/0001193125-26-257735.md) | 9.01 Financial statements and exhibits | 0001193125-26-257735 |
| 2026-05-08 | 17:51 ET | [10-Q](/filings/0001193125-26-212539.md) | Quarterly report, period 2026-03-31 | 0001193125-26-212539 |
| 2026-05-07 | 07:04 ET | [8-K](/filings/0001142417-26-000027.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001142417-26-000027 |
| 2026-05-01 | 16:35 ET | [8-K](/filings/0001142417-26-000024.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001142417-26-000024 |
| 2026-04-30 | 13:51 ET | [DEF 14A](/filings/0001142417-26-000016.md) | Proxy statement, period 2026-04-30 | 0001142417-26-000016 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-078361.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/d69eb166-32bc-4193-85a6-dc43518cbd89)

## About the filer

- CIK: 1142417
- Tickers: NXST
- Exchange: Nasdaq
- SIC code: 4833 Television Broadcasting Stations
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 12:23 ET. No prices; not investment advice.