NXSTNEXSTAR MEDIA GROUP, INC.
Television Broadcasting Stations
- Revenue
- $4.9B
- 8.5% YoY
- Operating margin
- 17.2%
- 27% YoY
- EBITDA
- $1.3B
- 25% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 8.7×
- $11.5B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear11× net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear39% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear28% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.6B | $5.2B | $4.9B | $5.4B | $4.9B | 8.5% |
| Operating income | $1.2B | $1.3B | $708M | $1.3B | $849M | 33% |
| Net income | $830M | $944M | $270M | $683M | $83M | 88% |
| Operating cash flow | $1.2B | $1.4B | $999M | $1.3B | $891M | 29% |
| Capex | $151M | $157M | $149M | $145M | $148M | 2.1% |
| Stock-based comp | $47M | $62M | $60M | $78M | $78M | 0.0% |
| Buybacks | $537M | $881M | $605M | $601M | $125M | 79% |
| Dividends | $118M | $142M | $191M | $219M | $226M | 3.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $468K · 1
- Net
- −$468K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $40M | $47M | 217 | 113 |
| FY2024 | $36M | $44M | 162 | 83 |
| FY2023 | $29M | $27M | 154 | 68 |
| FY2022 | $39M | $45M | 167 | 75 |
| FY2021 | $21M | $37M | 141 | 102 |