NXST Stock Analysis: Nexstar Broadcasting | NASDAQ
Broadcasting | NASDAQ, USA | Market Cap: 5.130m USD | 12M Return: 7.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 74.3M
EPS Trend: 25.1%
Qual. Beats: 1
Rev. Trend: 11.6%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Nexstar Media Group (NASDAQ: NXST) is a diversified U.S. media company headquartered in Irving, Texas, that produces and distributes local and national news, sports, and entertainment content across television and digital platforms. Founded in 1996 and renamed from Nexstar Broadcasting Group in January 2017, the company owns, operates, or provides services to television and radio stations affiliated with major U.S. broadcast networks, including ABC, NBC, FOX, CBS, The CW, and MyNetworkTV. It also owns the national cable news network NewsNation and the Chicago-based radio station WGN-AM.
Beyond traditional broadcasting, Nexstar operates a sizeable digital footprint, including local websites, mobile applications, and connected television (CTV) applications, along with digital advertising platforms serving publishers and advertisers. Its digital portfolio also includes BestReviews (a consumer product reviews platform), The Hill (a political news site), and affiliations with The CW. The company generates revenue through a mix of advertising sales, retransmission fees from pay-TV distributors for carriage of its broadcast signals, and digital media services, which is a typical revenue model for the U.S. broadcasting sub-industry.
The company operates within the GICS Communication Services sector and the Broadcasting sub-industry, a space that has seen significant consolidation in recent years. As a mid-cap stock listed since 2003, Nexstar represents one of the largest U.S. television station operators by audience reach, serving as a key local affiliate partner for the major U.S. broadcast networks.
- Political ad revenue surges during election cycles
- Retransmission fee growth offsets cord-cutting headwinds
- FCC station ownership caps block further M&A expansion
| Net Income: 165.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -6.38 > 1.0 |
| NWC/Revenue: 19.23% < 20% (prev 11.15%; Δ 8.08% < -1%) |
| CFO/TA 0.05 > 3% & CFO 843.0m > Net Income 165.0m |
| Net Debt (11.9b) to EBITDA (1.71b): 6.97 < 3 |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.2m) vs 12m ago 0.77% < -2% |
| Gross Margin: 45.25% > 18% (prev 58.48%; Δ -13.23% > 0.5%) |
| Asset Turnover: 34.64% > 50% (prev 46.92%; Δ -12.29% > 0%) |
| Interest Coverage Ratio: 1.41 > 6 (EBIT TTM 567.0m / Interest Expense TTM 402.0m) |
| A: 0.05 (Total Current Assets 2.28b - Total Current Liabilities 1.30b) / Total Assets 18.1b |
| B: 0.20 (Retained Earnings 3.64b / Total Assets 18.1b) |
| C: 0.04 (EBIT TTM 567.0m / Avg Total Assets 14.8b) |
| D: 0.14 (Book Value of Equity 2.17b / Total Liabilities 15.9b) |
| Altman-Z'' = 1.41 = BB |
| DSRI: 1.69 (Receivables 1.66b/1.03b, Revenue 5.11b/5.36b) |
| GMI: 1.29 (GM 58.48% / 45.25%) |
| AQI: 1.00 (AQ_t 0.77 / AQ_t-1 0.77) |
| SGI: 0.95 (Revenue 5.11b / 5.36b) |
| TATA: -0.04 (NI 165.0m - CFO 843.0m) / TA 18.1b) |
| Beneish M = -2.23 (Cap -4..+1) = BBB |
As of July 01, 2026, the stock is trading at USD 178.59 with a total of 937,514 shares traded. Over the past week, the price has changed by +6.93%, over one month by -3.15%, over three months by -0.30% and over the past year by +7.06%.
Current recommended Stop Loss: 168.90 (which is 5.4% or 1.3 ATR below the current price).
Nexstar Broadcasting has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy NXST.
- StrongBuy: 6
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 251.6 | 40.9% |
P/E Trailing = 35.5869
P/E Forward = 4.787
P/S = 1.0036
P/B = 2.3661
P/EG = 0.1534
Revenue TTM = 5.11b USD
EBIT TTM = 567.0m USD
EBITDA TTM = 1.71b USD
Long Term Debt = 11.9b USD (from longTermDebt, last quarter)
Short Term Debt = 326.0m USD (from shortTermDebt, last quarter)
Debt = 12.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 52.0m
Net Debt = 11.9b USD (calculated: Debt 12.3b - CCE 379.0m)
Enterprise Value = 17.1b USD (5.13b + Debt 12.3b - CCE 379.0m)
Interest Coverage Ratio = 1.41 (Ebit TTM 567.0m / Interest Expense TTM 402.0m)
EV/FCF = 24.09x (Enterprise Value 17.1b / FCF TTM 708.0m)
FCF Yield = 4.15% (FCF TTM 708.0m / Enterprise Value 17.1b)
FCF Margin = 13.85% (FCF TTM 708.0m / Revenue TTM 5.11b)
Net Margin = 3.23% (Net Income TTM 165.0m / Revenue TTM 5.11b)
Gross Margin = 45.25% ((Revenue TTM 5.11b - Cost of Revenue TTM 2.80b) / Revenue TTM)
Gross Margin QoQ = 47.56% (prev 41.19%)
Tobins Q-Ratio = 0.94 (Enterprise Value 17.1b / Total Assets 18.1b)
Interest Expense / Debt = 3.27% (Interest Expense 402.0m / Debt 12.3b)
Taxrate = 11.52% (19.0m / 165.0m)
NOPAT = 501.7m (EBIT 567.0m * (1 - 11.52%))
Current Ratio = 1.76 (Total Current Assets 2.28b / Total Current Liabilities 1.30b)
Debt / Equity = 5.68 (Debt 12.3b / totalStockholderEquity, last quarter 2.17b)
Debt / EBITDA = 6.97 (Net Debt 11.9b / EBITDA 1.71b)
Debt / FCF = 16.85 (Net Debt 11.9b / FCF TTM 708.0m)
Total Stockholder Equity = 2.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.12% (Net Income 165.0m / Total Assets 18.1b)
RoE = 7.52% (Net Income TTM 165.0m / Total Stockholder Equity 2.19b)
RoCE = 4.03% (EBIT 567.0m / Capital Employed (Equity 2.19b + L.T.Debt 11.9b))
RoIC = 2.97% (NOPAT 501.7m / Invested Capital 16.9b)
WACC = 4.66% (E(5.13b)/V(17.4b) * Re(8.90%) + D(12.3b)/V(17.4b) * Rd(3.27%) * (1-Tc(0.12)))
Discount Rate = 8.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -4.10%
[DCF] Terminal Value 73.10% ; FCFF base≈894.8m ; Y1≈784.7m ; Y5≈634.0m
[DCF] Fair Price = N/A (negative equity: EV 10.2b - Net Debt 11.9b = -1.75b; debt exceeds intrinsic value)
EPS Correlation: 25.06 | EPS CAGR: 5.61% | SUE: 2.35 | # QB: 1
Revenue Correlation: 11.65 | Revenue CAGR: 0.42% | SUE: 4.0 | # QB: 2
EPS next Quarter (2026-09-30): EPS=8.83 | Chg30d=+50.43% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=34.19 | Chg30d=+0.00% | Revisions=+43% | GrowthEPS=+179.0% | GrowthRev=+59.3%
EPS next Year (2027-12-31): EPS=24.20 | Chg30d=+0.00% | Revisions=+43% | GrowthEPS=-29.2% | GrowthRev=-2.3%
[Analyst] Revisions Ratio: +43%