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NXST · Nexstar Media Group, Inc.

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$187.94 -0.03 (-0.02%)
S&P 400 member Russell 1000 member Rebalance outlook locked
Market Cap
$5.97B
Shares
30.81M
Volume · Nov 5 829.34K Avg daily vol (3M) 363.28K

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$187.97 Open$192.42 Day$182.65–200.10 52W close$154.70–253.64 Avg vol 30d343K Short int2.8M · 9.1% of shares · 8.5d Short vol22% Last earningsOct 6, 2026 DataJan 2020–Nov 2026 Filing10-Q · Aug 7

Up next

Next earnings call
Nov 21, 2026 Est · unconfirmed · in 2 wks
Q2 2026 earnings call transcript
call held Aug 6, 2026
Play latest call

Latest documents

2026
Oct 30
Current report 8-K Events of Oct 29
Other events

Nexstar Media Group, Inc. declared a quarterly cash dividend of $1.86 per share, payable on November 27, 2026 to stockholders of record on November 13, 2026.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$5.88B
Trailing 12 months
Net income (TTM)
$188.00M
Trailing 12 months
Revenue growth YoY
+62.2%
Year over year
Operating margin
17.8%
Trailing 12 months
P / E (TTM)
35.1
Trailing earnings · reciprocal yield 2.8%
FCF yield
12.4%
TTM · current market cap
Return on invested capital
6.0%
Trailing 12 months
Net cash
−$11.53B
Latest balance sheet
Dividend yield
4.0%
Trailing 12 months
Shares change YoY
+1.3%
Year over year · more shares
Price change (1Y)
-6.7%
Trailing year
Short interest
9.1%
Latest settlement · 8.5 days to cover
View all 122 metrics

Quarterly results

Revenue Net income Net loss
▲20.7% $1.37B $187.00M '24 Q3 ▲14.1% $1.49B $242.00M '24 Q4* ▼3.9% $1.23B $108.00M '25 Q1 ▼3.2% $1.23B $97.00M '25 Q2 ▼12.3% $1.20B $70.00M '25 Q3 ▼13.4% $1.29B −$166.00M '25 Q4* ▲13.1% $1.40B $164.00M '26 Q1 LATEST ▲62.2% $1.99B $120.00M '26 Q2

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q2 FY26 earnings call · Jul 7, 2026
Q2 FY26

TL;DR. Nexstar reported record Q2 2026 net revenue of $1.99 billion (+62.2% YoY) and adjusted EBITDA of $633 million, driven by the Tegna acquisition and strong political advertising, while repaying $409 million of debt. However, non-political advertising declined 5.8% on a combined basis and Tegna-related synergies were removed from the leverage calculation due to ongoing litigation, with a July 2027 trial date set.

Bullish
  • + Record Q2 net revenue of $1.99 billion, up 62.2% YoY, driven by Tegna and political advertising.
  • + Adjusted EBITDA of $633 million more than doubled YoY, with margin expanding to 31.8%.
  • + Adjusted free cash flow more than doubled to $238 million, up 135.6% YoY.
  • + Repaid $409 million of debt in Q2, with plans to repay over $1 billion total from acquisition close through year-end.
  • + NewsNation and The CW growth accelerating with new ESPN and Roku distribution partnerships.
Bearish
  • − Non-political advertising declined 5.8% on a combined basis due to political crowd-out and economic softness.
  • − Tegna acquisition synergies removed from leverage calculation due to July 2027 trial date.
  • − Interest expense nearly doubled YoY to $190 million due to Tegna acquisition debt.
  • − Total debt rose to $11.7 billion from $6.3 billion at year-end 2025, with total net leverage at 4.22x.
  • − Net income margin declined to 5.7% from 7.4% YoY due to Tegna-related costs and higher interest expense.
  • − Tegna antitrust trial scheduled for July 6, 2027, with preliminary injunction preventing full integration.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Neutral Momentum Weak Sentiment Bearish Fundamentals Weak Quant / Vol Moderate
Market backdrop VIX 28.2 · fear Equity put/call 0.44
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −2%
below
Price vs 50-day avg +12%
above
RSI (14) 75
overbought
MACD trend Positive
52-week position 34%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return +16%
trailing
6-month return −4%
trailing
YTD return −7%
this year
Relative strength −3%
vs S&P · 6-mo
Sentiment
smart money
Bearish
Trend (MA cross) No cross
50d $168 › 200d $192 — 200d above 50d
Institutional flow Distributing
223 of 494 funds reported for Sep 30 · net -4.2K sh shares · +28 new
Insider flow Distributing
Net -$1.7M over 90 days · 100% sells
Short interest Rising
9.11% of shares out · ▲ +1.5% MoM · 8.5 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
494 holders — mid 3-yr range
Squeeze score 86
high risk · 0–100
Fundamentals
Weak
Revenue growth −8%
Y/Y
EPS growth −86%
Y/Y
Free cash flow $743.0M
Buyback $1.4B
remaining
Balance sheet $6.1B
net debt
Quant / Vol
risk profile
Moderate
Volatility 36%
annualized · 1-yr
Max drawdown −39%
past year
ATR 3.3%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Aug 6, 2026
Q3
CapEx $50M
third quarter
Cash taxes $65M
Run rate quarterly interest expense $185M
from the date of acquisition to the end of the year
Equity value created $33.00
Previous outlook earlier release · from the Earnings Call filed Jul 7, 2026

Still-open targets the latest release did not restate under the same label.

CapEx · Q3 $50M
Run rate quarterly interest expense · quarterly $185M
Equity value · From the date of acquisition to the end of the year at least $33.00
Prior guidance period ended · from the Earnings Call filed Aug 6, 2026
Payments for programming in excess of amortization · Q3, 2026 $9M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
1 · 4 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−2% Neutral
Price vs 50-day avg
+12% Bullish
RSI (14)
75 Bearish
MACD trend
Positive Bullish
52-week position
34% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross) No cross
50d $168 › 200d $192 — 200d above 50d
Institutional flow Distributing
223 of 494 funds reported for Sep 30 · net -4.2K sh shares · +28 new
Insider flow Distributing
Net -$1.7M over 90 days · 100% sells
Short interest Rising
9.11% of shares out · ▲ +1.5% MoM · 8.5 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
494 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $155 Now $188 · 34% Range high $254
vs 200-day avg -2% vs 50-day avg +12%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted EBITDA non-GAAP $1.1B Six Months Ended June 30, 2026 —
Adjusted Free Cash Flow non-GAAP $658M Six Months Ended June 30, 2026 —
consolidated debt 11.7B As of June 30, 2026 —
Free Cash Flow non-GAAP $520M Six Months Ended June 30, 2026 —
senior secured debt 9B As of June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Broadcasting — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
NXST
Nexstar Media Group, Inc.
this stock
$5.97B -7.4% -8.5% 36.8 9.1%
SKPJF
SKY Perfect JSAT Holdings Inc
 $3.44B — — — 0.1%
SGBAF
Ses S.A.
 $1.88B -28.7% — — 0.1%
NMAX
Newsmax Inc.
 $1.05B -4.0% +10.7% — 3.9%
SBGI
Sinclair, Inc.
 $1.02B -7.4% -10.7% 9.7 5.5%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
500
% held
99.9%
Reported
223 of 494
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
496
View
Short & Settlement
Short Interest Rising
Shares short
2.8M
Days to cover
8.5d
Change
+41.3K sh
View
Short Volume
Short vol %
22%
As of
Nov 5, 2026
Short Total
View
Fails to Deliver
FTD shares
1.9K
Value
$308.4K
As of
Sep 25, 2026
View
Off-Exchange
Off-exchange %
46.2%
Week of
Sep 28, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$1.7M
Buyers / Sellers
0 / 4
Buyers Sellers
View
Congressional Trades Sell
Member
Susie Lee
Amount
$1.0K–$15.0K
Traded
Apr 3, 2020
View
Financials
Financials
Revenue (FY)
$4.9B
Net income (FY)
$109.0M
EPS diluted
$3.00
View
Buybacks
Authorized
$1.5B
Remaining
$1.4B
Spent Remaining
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 5, 2026
This year
23
View
Proposed Sales
Value
$467.7K
Shares
2.8K
Filed
Sep 23, 2026
View
Earnings & Events
Webcasts
Last webcast
Oct 6, 2026
View
Investor Relations
Latest news
NEXSTAR MEDIA GROUP REPORTS RECOR…
Published
Nov 5, 2026
View

Performance

5D 20D 120D MTD YTD
NXST +10.5% +16.0% -3.8% +9.6% -7.4%
SPY -4.7% -5.3% -0.8% -3.0% +7.5%
vs SPY +15.2% +21.2% -3.0% +12.7% -14.9%

Capital returns

Latest dividend
$1.86 / share · ex Aug 14, 2026
Declared · upcoming
$1.86 / share · ex Nov 13, 2026
Raised 10.1%
Paid (TTM)
$7.44 / share · 4 payouts
Dividend yield (TTM, derived)
3.96%
Full dividend history
Buyback program · as of Jun 30, 2026
Authorized
$1.50B
Spent (derived)
$100.00M
Remaining
$1.40B
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1142417 CUSIP 65336K103 13F (30d) 224 filings 200 filers Visit website Investor relations