Nexstar Media Group
Operates U.S. local TV stations, national networks, and digital news properties.
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Profile
Sells local advertising and programming through a U.S. station portfolio, national networks, and digital news properties. The CW, NewsNation, Antenna TV, REWIND TV, and The Hill extend its reach beyond local markets.
Operates U.S. local television stations, using locally produced programming and advertising sales in individual markets. Central programming, finance, sales, and marketing support those owned and partner stations. The broadcasting group is concentrated in the United States.
Pairs those local franchises with national media assets: The CW, NewsNation, Antenna TV, and REWIND TV. Digital properties include local station websites and apps, The Hill, and NewsNationNow.com, while an investment in TV Food Network adds another national-media interest.
Completed the TEGNA acquisition in March 2026, but stated it would comply with a hold-separate order while legal proceedings challenging the transaction remained pending.
Company facts
Categories
Key statistics
Year to date −12.2% · Average volume (30d) 325.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Deutsche Bank | Reiterate | Buy | $250 | $240 | |
| Apr 10, 2026 | Citigroup | Upgrade | Neutral | Buy | ||
| Feb 10, 2026 | Deutsche Bank | Target | $207 | $250 | ||
| Feb 28, 2025 | Loop Capital | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $5.98 | $3.61 | −39.6% | $1.97B | $1.99B | +1.1% | −1.08% |
| May 7, 2026Q1 FY26 | $4.43 | $6.15 | +38.8% | $1.28B | $1.40B | +9.1% | +4.25% |
| Feb 26, 2026Q4 FY25 | $4.01 | $4.30 | +7.2% | $1.25B | $1.29B | +3.1% | +1.97% |
| Nov 6, 2025Q3 FY25 | $2.62 | $2.14 | −18.3% | $1.25B | $1.20B | −4.2% | +0.71% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.23B | $1.20B | $1.29B | $1.40B | $3.08B | |
| Gross profit | $683.0M | $672.0M | $446.0M | $531.0M | $664.0M | $1.99B | |
| Operating income | $220.0M | $213.0M | $175.0M | $256.0M | $265.0M | $362.0M | |
| Net income | $108.0M | $97.0M | $70.0M | −$166.0M | $164.0M | $120.0M | |
| Diluted EPS | $3.37 | $3.06 | $2.14 | −$5.64 | $5.09 | $3.66 | |
| Gross margin | 55.3% | 54.7% | 37.2% | 41.2% | 47.6% | 64.7% | |
| Operating margin | 17.8% | 17.3% | 14.6% | 19.9% | 19.0% | 11.8% |
Fiscal years (4-quarter sums)FY21 $4.65B · FY22 $5.21B · FY23 $4.93B · FY24 $5.41B · FY25 $4.95B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $218.0M · Total debt $12.09B · Total assets $17.72B · Shareholders' equity $2.27B
Dividends
Raised for 12 straight years — most recently to $1.86 from $1.69 in Feb 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 28 | $1.86 | |
| May 15, 2026 | May 15 | May 29 | $1.86 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $1.86 | |
| Nov 12, 2025 | Nov 12 | Nov 26 | $1.86 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $1.86 | |
| May 19, 2025 | May 19 | Jun 2 | $1.86 | |
| Feb 12, 2025 | Feb 12 | Feb 26 | $1.86 | raised from $1.69 |
| Nov 15, 2024 | Nov 15 | Nov 29 | $1.69 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 30.54M · Float 28.35M · 92.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.36M | 11.00% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 1.43M | 4.69% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 1.43M | 4.67% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.30M | 4.26% | 13F | Aug 13, 2026 |
| Charles Schwab Investment Management Inc | 1.08M | 3.54% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Bernadette S. Aulestia | director | −300 | $186.80 |
| Aug 24, 2026 | Michael Biard | officer: President & COO | −2,465 | $185.82 |
| Aug 14, 2026 | Dana Zimmer | officer: See Remarks | −4,008 | $187.46 |
| Jun 26, 2026 | Perry A. Sook | director, officer: Chief Executive Officer | +12,235 | $162.26 |
| Jun 16, 2026 | Lee Ann Gliha | officer: EVP, Chief Financial Officer | −373 | $170.81 |
Peers
- Gray Media
Scaled local TV stations and digital assets in overlapping U.S. markets
- Sinclair
Local TV, news, sports and multicast competition across U.S. markets
- E.W. Scripps
Local TV, national news, multicast and sports-media overlap
- Fox Class A
Broadcast TV, local stations, national news and ad-supported streaming
- Paramount Skydance
CBS network and stations, national news, streaming and local ad sales
- Warner Bros. Discovery
National cable news and streaming-video competition for viewers and ads
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nexstar Media Group | $179.00 | −2.33% | $5.60B | 34.9 | 6.1 | 0.8 | +62.3% |
| Gray Media | $4.82 | −0.23% | $471.7M | — | 2.8 | 0.1 | +8.7% |
| Sinclair | $14.43 | +0.45% | $1.00B | 19.0 | 27.8 | 0.3 | +7.1% |
| E.W. Scripps | $3.21 | −1.68% | $259.5M | — | — | 0.1 | −9.2% |
| Fox Class A | $68.42 | −0.01% | $30.00B | 17.8 | 11.6 | 1.6 | +28.1% |
| Paramount Skydance | $10.88 | +0.09% | $11.83B | — | 13.7 | 0.4 | +0.9% |
| Warner Bros. Discovery | $28.79 | +0.05% | $72.13B | — | — | 2.0 | −11.2% |
| Median | 18.4 | 12.7 | 0.4 | +4.0% |