NEXSTAR MEDIA GROUP, INC. · Television Broadcasting Stations

NXST

Low riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A profitable company with growing sales.

Going well

Sales up 62% in the latest quarter vs a year ago
Raised its dividend (4.5% yield)
Profitable every year for 10 years

Watch out for

High debt: 3.07x equity

Money moves

No insider buying or selling in the last 30 days
Institutions added 4.2% to their holdings in the quarter ending June 2026 (214 bought, 255 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$164.73-1.5% that day

Company value: $5.1B; Share price times all shares
Price vs profit (P/E): 31.3x; You pay about $31 for each $1 of yearly profit
Price vs sales: 0.86x; Company value is 0.86 times a year of sales
Dividend yield: 4.5%; Yearly dividend as a share of today's price
Cash vs value: 4%; Cash as a share of company value
Debt vs value: 125%; Owes more than the whole company is worth

From NXST's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$2.0B+62% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $5.9B, up 11% from the 12 months before. Over 5 years, sales grew about 1.9% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of NXST. Starting points are the company's recent numbers.

Sales growth+11% a yearRecently: +11% a yearProfit margin3%Last 12 months: 2.8%P/E at the end31xToday: 31.3x. Many steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$9.9B

Profit in 5 years$297M

Price these guesses point to$386.27+134% vs $164.73 todayAbout +19% a year, before dividends

What today's price needs: with a 3% margin and a 31x P/E, sales could shrink about 6.4% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.3.8%
MissDebt under half of equityNot relying on borrowed money.3.07x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.7%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$743.0M
PassShare count not growingNot diluting owners. Falling means buybacks.-23.6% in 3 years

Revenue: $4.9B; -8.5% vs prior year
5-year growth: +1.9%/yr; revenue, per year
Total debt: $6.3B; 3.07x equity
Current ratio: 2.07x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $2.0B; +62.2% YoY
EPS: $3.61; vs $3.06
Op. margin: 18.2%; +0.9 pts
Free cash flow: $253.0M
Share count: +1.3%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.9
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+4.2%

Institutions added 4.2% to their holdings. 214 bought, 255 sold.

Shares held by institutions30.7M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-4.2%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

5.2x · $11.7B debt

Shares outstandingLatest reported

31M

Why low risk

High debt: 5.18x equity

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 26
Results filedNov 6, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Planned insider saleSep 23 · Form 144 ↗

SoldAndrew AlfordPresident, Broadcasting

2,823 shares at $165.69 · $468K

-19% of holdings
Now owns 11,726 shares
Not a pre-planned sale
Filed same day

Sep 23Form 4 ↗

Planned insider saleAug 24 · Form 144 ↗Planned insider saleAug 24 · Form 144 ↗

SoldMichael BiardPresident & COO

2,465 shares at $185.82 · $458K

-11% of holdings
Now owns 20,890 shares
Not a pre-planned sale
Filed same day
Also: Option exercise

Aug 24Form 4 ↗

SoldBernadette S. AulestiaDirector

300 shares at $186.80 · $56K

-6% of holdings
Now owns 4,383 shares
Not a pre-planned sale
Filed same day

Aug 24Form 4 ↗

SoldDana ZimmerSee Remarks

4,008 shares at $187.46 · $751K

-69% of holdings
Now owns 1,792 shares
Not a pre-planned sale
Filed 3 days after trade

Aug 14Form 4 ↗

Planned insider saleAug 14 · Form 144 ↗Quarterly reportAug 7 · Form 10-Q ↗Earnings resultsAug 6 · Form 8-K ↗Other company newsAug 3 · Form 8-K ↗

BoughtPerry A SookChief Executive Officer, Director

12,235 shares at $162.26 · $2.0M

+1% of holdings
Now owns 899,044 shares
Filed 3 days after trade

Jun 26Form 4 ↗

Employee stock plan registrationJun 23 · Form S-8 ↗Planned insider saleJun 16 · Form 144 ↗Planned insider saleJun 16 · Form 144 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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