Is the business good?
How good a business is NXST?
Nexstar Media Group, Inc. earns 6.0% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
6.0%
Return on invested capital · cost of capital 9.0% · 3.0 points below what the capital costs: growth destroys value
- Operating margin
- 18%
Operating margin · Communication Services median 12% · 12 months to Q2 2026
- Cash conversion
- 3.95×
Cash conversion · 1.98× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +1.3%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 31% |
| FY2021 | 25% |
| FY2022 | 25% |
| FY2023 | 14% |
| FY2024 | 23% |
| FY2025 | 17% |
Details›
- Gross margin12 months to Q2 2026
- 55%
- Operating margin12 months to Q2 2026
- 18%
- Net margin12 months to Q2 2026
- 3.2%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $5.88B
- Free cash flow, trailing twelve months
- $743M
- Net income, trailing twelve months
- $188M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 6.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.