Nexstar Media Group, Inc. (NXST)

Nexstar Media Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,147	5,407	4,933	5,211	4,648	4,501
Revenue Growth (YoY)	-1.47%	9.61%	-5.33%	12.11%	3.26%	48.10%
Cost of Revenue	2,201	2,192	2,125	1,977	1,835	1,696
Gross Profit	2,946	3,215	2,808	3,234	2,813	2,805
Selling, General & Admin	1,057	1,090	1,077	1,050	970	890.5
Other Operating Expenses	-1	-2	-2	1	-25	-60.8
Operating Expenses	1,868	1,896	2,016	1,713	1,534	1,395
Operating Income	1,078	1,319	792	1,521	1,279	1,411
Interest Expense	-392	-444	-447	-337	-283	-335.3
Earnings From Equity Investments	42	70	104	153	125	70.2
Other Non Operating Income (Expenses)	-3	-2	-	-10	-2	-1
EBT Excluding Unusual Items	725	943	449	1,327	1,119	1,145
Merger & Restructuring Charges	-	-	-13	-33	-	-
Impairment of Goodwill	-24	-24	-19	-91	-	-
Gain (Loss) on Sale of Investments	-	40	-	-	-	-
Asset Writedown	-	-	-16	-42	-23	-
Other Unusual Items	-	-	-	56	-3	-39.9
Pretax Income	701	959	401	1,217	1,093	1,105
Income Tax Expense	218	276	131	274	263	296.5
Earnings From Continuing Operations	483	683	270	943	830	808.1
Minority Interest in Earnings	34	39	76	28	4	3.4
Net Income	517	722	346	971	834	811.5
Preferred Dividends & Other Adjustments	16	20	-	-	-	-
Net Income to Common	501	702	346	971	834	811.5
Net Income Growth	-12.96%	108.67%	-64.37%	16.43%	2.77%	252.43%
Shares Outstanding (Basic)	31	32	35	39	42	45
Shares Outstanding (Diluted)	31	33	36	40	44	47
Shares Change (YoY)	-7.79%	-8.48%	-10.83%	-8.63%	-5.86%	-2.51%
EPS (Basic)	16.42	21.73	9.80	24.68	19.79	18.07
EPS (Diluted)	16.23	21.41	9.64	24.16	18.98	17.37
EPS Growth	-5.96%	122.09%	-60.10%	27.29%	9.27%	261.88%
Free Cash Flow	983	1,105	850	1,246	1,064	1,037
Free Cash Flow Per Share	31.83	33.69	23.72	31.00	24.19	22.20
Dividend Per Share	7.270	6.760	5.400	3.600	2.800	2.240
Dividend Growth	13.24%	25.19%	50.00%	28.57%	25.00%	24.44%
Gross Margin	57.24%	59.46%	56.92%	62.06%	60.52%	62.32%
Operating Margin	20.94%	24.39%	16.05%	29.19%	27.52%	31.34%
Profit Margin	9.73%	12.98%	7.01%	18.63%	17.94%	18.03%
Free Cash Flow Margin	19.10%	20.44%	17.23%	23.91%	22.89%	23.04%
EBITDA	1,553	1,803	1,280	1,990	1,747	1,838
EBITDA Margin	30.17%	33.35%	25.95%	38.19%	37.59%	40.83%
D&A For EBITDA	475	484	488	469	468	427.4
EBIT	1,078	1,319	792	1,521	1,279	1,411
EBIT Margin	20.94%	24.39%	16.05%	29.19%	27.52%	31.34%
Effective Tax Rate	31.10%	28.78%	32.67%	22.51%	24.06%	26.84%

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q