NXST
Nexstar Media Group, Inc.
NasdaqGSUSDEQUITY
Communication Services
DELAYED
Sell
-34/100
Last price
157.36
▲ 0.70 (0.45%)
MARKET · —
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Open
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Prev close
156.66
Day high
158.45
Day low
155.67
Volume
379.60K
Market cap
$4.85B
P/E (TTM)
29.80
52W range
153.17 – 254.30
Trailing performance
Returnvs SPY
1W
-2.55%
-4.5%
1M
-11.01%
-12.2%
3M
-10.69%
-15.2%
6M
-16.70%
-34.9%
YTD
-22.50%
-36.8%
1Y
-21.69%
-38.1%
3Y
+9.76%
-72.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on NXST open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+26.87K
Net buying
Buy transactions
36
59.28K shares
Sell transactions
43
32.41K shares
Net transactions
+79
Buys less sells
Sell : buy shares
0.5 : 1
Mixed
Insider-held shares
2.06M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 23, 26 | ALFORD ANDREW Officer |
SELL | 2.82K | $467.74K | Direct |
| Aug 24, 26 | BIARD MICHAEL President |
SELL | 2.46K | $458.05K | Direct |
| Aug 24, 26 | AULESTIA BERNADETTE S. Director |
SELL | 300 | $56.04K | Direct |
| Aug 21, 26 | BIARD MICHAEL President |
— | 6.25K | — | Direct |
| Aug 14, 26 | ZIMMER DANA Officer |
SELL | 4.01K | $751.35K | Direct |
| Jun 26, 26 | SOOK PERRY A Chief Executive Officer |
BUY | 12.23K | $1.99M | Direct |
| Jun 16, 26 | ZIMMER DANA Officer |
SELL | 876 | $149.63K | Direct |
| Jun 16, 26 | GLIHA LEE ANN Chief Financial Officer |
SELL | 373 | $63.71K | Direct |
| Jun 16, 26 | KNAPP LINDSEY Officer |
SELL | 93 | $15.88K | Direct |
| Jun 16, 26 | WEITMAN GARY P Officer |
SELL | 261 | $44.58K | Direct |
| Jun 16, 26 | COMPTON SEAN D Officer |
SELL | 840 | $143.48K | Direct |
| Jun 16, 26 | RUSSELL BLAKE F Officer |
SELL | 261 | $44.58K | Direct |
| Jun 16, 26 | JENKINS BRETT Chief Technology Officer |
SELL | 301 | $51.41K | Direct |
| Jun 16, 26 | ALFORD ANDREW Officer |
SELL | 746 | $127.42K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ALFORD ANDREW |
Officer | 11.73K | Sale |
BIARD MICHAEL |
President | 20.89K | Sale |
COMPTON SEAN D |
Officer | 14.43K | Sale |
FITZSIMONS DENNIS J |
Director | 14.96K | Conversion of Exercise of derivative security |
GLIHA LEE ANN |
Chief Financial Officer | 20.07K | Sale |
GROSSMAN JAY M |
Director | 57.31K | Conversion of Exercise of derivative security |
JENKINS BRETT |
Chief Technology Officer | 28.80K | Sale |
MUSE JOHN R |
Director | 27.16K | Sale |
RUSSELL BLAKE F |
Officer | 28.30K | Sale |
SOOK PERRY A |
Chief Executive Officer | 1.88M | Purchase |
Fundamentals
Market cap$4.85B
Enterprise value$16.71B
Revenue (TTM)$5.88B
Gross profit$3.24B
EBITDA$1.70B
Net income$166.00M
EPS (TTM)$5.28
Free cash flow$800.63M
Total cash$218.00M
Total debt$12.09B
Book value / share$73.52
Shares outstanding30.81M
Float28.62M
Short % of float11.36%
Dividend yield4.73%
Beta (5Y)0.93
Valuation & profitability ratios
Trailing P/E29.80
Forward P/E6.75
PEG ratio0.26
Price / sales—
Price / book2.14
EV / revenue2.84
EV / EBITDA9.84
Gross margin55.07%
Operating margin21.22%
Profit margin3.20%
Return on equity7.43%
Return on assets5.09%
Debt / equity533.79
Current ratio1.56
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $4.95B | $5.41B | $4.93B | $5.21B | — | -8.5% |
| Operating revenue | $4.95B | $5.41B | $4.93B | $5.21B | — | -8.5% |
| Cost of revenue | $2.23B | $2.22B | $2.15B | $2.00B | — | +0.6% |
| Gross profit | $2.71B | $3.19B | $2.78B | $3.21B | — | -14.8% |
| Selling, general & admin | $1.06B | $1.09B | $1.10B | $1.10B | — | -2.3% |
| Total operating expense | $1.85B | $1.89B | $2.04B | $1.76B | — | -2.3% |
| Operating income | $863.00M | $1.29B | $743.00M | $1.45B | — | -33.2% |
| Net interest income | -$379.00M | -$444.00M | -$447.00M | -$337.00M | — | +14.6% |
| Pre-tax income | $150.00M | $959.00M | $401.00M | $1.22B | — | -84.4% |
| Tax provision | $67.00M | $276.00M | $131.00M | $274.00M | — | -75.7% |
| Net income | $109.00M | $722.00M | $346.00M | $971.00M | — | -84.9% |
| Net income to common | — | $702.00M | — | $971.00M | $834.00M | — |
| Basic EPS | 3.04 | 21.73 | 9.78 | 24.68 | — | -86.0% |
| Diluted EPS | 3.00 | 21.41 | 9.64 | 24.16 | — | -86.0% |
| EBIT | $529.00M | $1.40B | $848.00M | $1.55B | — | -62.3% |
| EBITDA | $1.31B | $2.21B | $1.79B | $2.22B | — | -40.6% |
| Basic shares | 30.35M | 32.31M | 35.32M | 39.35M | — | -6.1% |
| Diluted shares | 30.71M | 32.80M | 35.83M | 40.19M | — | -6.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $280.00M | $144.00M | $135.00M | $204.00M | +94.4% |
| Cash & short-term investments | $280.00M | $144.00M | $135.00M | $204.00M | +94.4% |
| Accounts receivable | $1.07B | $1.03B | $1.09B | $1.08B | +4.6% |
| Total current assets | $1.47B | $1.30B | $1.47B | $1.61B | +13.6% |
| Property, plant & equipment | $1.16B | $1.21B | $1.27B | $1.26B | -4.1% |
| Goodwill & intangibles | $7.45B | $7.70B | $8.00B | $8.30B | -3.3% |
| Total assets | $10.85B | $11.47B | $12.08B | $12.68B | -5.4% |
| Total current liabilities | $711.00M | $783.00M | $961.00M | $893.00M | -9.2% |
| Current debt | $111.00M | $124.00M | $124.00M | $124.00M | -10.5% |
| Long-term debt | $6.22B | $6.40B | $6.71B | $6.83B | -2.8% |
| Total debt | $6.37B | $6.56B | $6.84B | $7.00B | -2.8% |
| Total liabilities | $8.78B | $9.20B | $9.77B | $9.91B | -4.5% |
| Retained earnings | $3.54B | $3.67B | $3.19B | $3.03B | -3.7% |
| Shareholder equity | $2.06B | $2.26B | $2.30B | $2.74B | -8.6% |
| Working capital | $762.00M | $514.00M | $505.00M | $722.00M | +48.2% |
| Net tangible assets | -$5.38B | -$5.44B | -$5.70B | -$5.56B | +1.1% |
| Shares issued | 47.28M | 47.28M | 47.28M | 47.28M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $83.00M | $683.00M | $270.00M | $943.00M | -87.8% |
| Depreciation & amortisation | $784.00M | $808.00M | $941.00M | $662.00M | -3.0% |
| Stock-based compensation | $78.00M | $78.00M | $60.00M | $62.00M | 0.0% |
| Change in working capital | -$106.00M | -$51.00M | $9.00M | -$114.00M | -107.8% |
| Operating cash flow | $891.00M | $1.25B | $999.00M | $1.40B | -28.7% |
| Capital expenditure | -$148.00M | -$145.00M | -$149.00M | -$157.00M | -2.1% |
| Investing cash flow | -$173.00M | -$102.00M | -$173.00M | $125.00M | -69.6% |
| Share buybacks | -$125.00M | -$601.00M | -$605.00M | -$881.00M | +79.2% |
| Dividends paid | -$226.00M | -$219.00M | -$191.00M | -$142.00M | -3.2% |
| Financing cash flow | -$582.00M | -$1.15B | -$899.00M | -$1.51B | +49.4% |
| Free cash flow | $743.00M | $1.10B | $850.00M | $1.25B | -32.8% |
| End cash position | $280.00M | $144.00M | $147.00M | $220.00M | +94.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.99B | $1.40B | $1.29B | $1.20B | $1.23B | +42.8% |
| Operating revenue | $1.98B | $1.40B | $1.33B | $1.19B | $1.21B | +41.7% |
| Cost of revenue | $929.00M | — | — | — | — | — |
| Gross profit | $1.06B | $785.00M | $724.00M | $636.00M | $672.00M | +35.5% |
| Selling, general & admin | $457.00M | $327.00M | $273.00M | $270.00M | $262.00M | +39.8% |
| Total operating expense | $702.00M | $520.00M | $468.00M | $461.00M | $459.00M | +35.0% |
| Operating income | $362.00M | $265.00M | $256.00M | $175.00M | $213.00M | +36.6% |
| Net interest income | -$190.00M | -$120.00M | -$91.00M | -$94.00M | -$97.00M | -58.3% |
| Pre-tax income | $177.00M | $153.00M | -$214.00M | $96.00M | $130.00M | +15.7% |
| Tax provision | $64.00M | -$7.00M | -$44.00M | $31.00M | $39.00M | +1,014.3% |
| Net income | $120.00M | $164.00M | -$166.00M | $70.00M | $97.00M | -26.8% |
| Net income to common | $113.00M | $164.00M | -$171.00M | $66.00M | $93.00M | -31.1% |
| Basic EPS | 3.65 | 5.22 | -5.63 | 2.16 | 3.09 | -30.1% |
| Diluted EPS | 3.61 | 5.09 | -5.63 | 2.14 | 3.06 | -29.1% |
| EBIT | $367.00M | $273.00M | -$123.00M | $190.00M | $227.00M | +34.4% |
| EBITDA | $612.00M | $466.00M | $70.00M | $380.00M | $424.00M | +31.3% |
| Basic shares | 30.61M | 30.37M | 30.33M | 30.32M | 30.22M | +0.8% |
| Diluted shares | 30.91M | 31.17M | 30.33M | 30.65M | 30.51M | -0.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $218.00M | $379.00M | $280.00M | $236.00M | $234.00M | -42.5% |
| Cash & short-term investments | $218.00M | $379.00M | $280.00M | $236.00M | $234.00M | -42.5% |
| Accounts receivable | $1.58B | $1.66B | $1.07B | $1.01B | $1.02B | -4.4% |
| Total current assets | $2.00B | $2.28B | $1.47B | $1.39B | $1.39B | -12.1% |
| Property, plant & equipment | $1.85B | $1.85B | $1.16B | $1.16B | $1.18B | -0.3% |
| Goodwill & intangibles | $13.03B | $13.14B | $7.45B | $7.53B | $7.60B | -0.8% |
| Total assets | $17.71B | $18.10B | $10.85B | $11.25B | $11.33B | -2.1% |
| Total current liabilities | $1.28B | $1.30B | $711.00M | $745.00M | $823.00M | -1.2% |
| Current debt | $331.00M | $274.00M | $111.00M | $111.00M | $108.00M | +20.8% |
| Long-term debt | $11.41B | $11.88B | $6.22B | $6.25B | $6.28B | -3.9% |
| Total debt | $11.80B | $12.20B | $6.37B | $6.40B | $6.38B | -3.3% |
| Total liabilities | $15.45B | $15.94B | $8.78B | $8.96B | $9.07B | -3.0% |
| Retained earnings | $3.69B | $3.64B | $3.54B | $3.77B | $3.75B | +1.5% |
| Shareholder equity | $2.27B | $2.17B | $2.06B | $2.29B | $2.26B | +4.5% |
| Working capital | $721.00M | $983.00M | $762.00M | $648.00M | $567.00M | -26.7% |
| Net tangible assets | -$10.77B | -$10.97B | -$5.38B | -$5.25B | -$5.35B | +1.9% |
| Shares issued | 30.81M | 47.28M | 47.28M | 47.28M | 47.28M | -34.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $113.00M | $160.00M | -$170.00M | $65.00M | $91.00M | -29.4% |
| Depreciation & amortisation | $245.00M | $193.00M | $192.00M | $190.00M | $197.00M | +26.9% |
| Stock-based compensation | $40.00M | $20.00M | $20.00M | $19.00M | $21.00M | +100.0% |
| Change in working capital | -$39.00M | -$56.00M | -$49.00M | -$75.00M | $21.00M | +30.4% |
| Operating cash flow | $298.00M | $289.00M | $190.00M | $117.00M | $247.00M | +3.1% |
| Capital expenditure | -$45.00M | -$22.00M | -$54.00M | -$30.00M | -$29.00M | -104.5% |
| Investing cash flow | -$30.00M | -$3.31B | -$55.00M | -$29.00M | -$28.00M | +99.1% |
| Share buybacks | $0 | $0 | $0 | $0 | -$50.00M | — |
| Dividends paid | -$57.00M | -$56.00M | -$57.00M | -$56.00M | -$56.00M | -1.8% |
| Financing cash flow | -$486.00M | $3.18B | -$91.00M | -$86.00M | -$238.00M | -115.3% |
| Free cash flow | $253.00M | $267.00M | $136.00M | $87.00M | $218.00M | -5.2% |
| End cash position | $218.00M | $436.00M | $280.00M | $236.00M | $234.00M | -50.0% |
Options analytics
Put / call volume
0.31
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
135.00
-14.2% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
51
Contracts, this expiry
Put volume
16
Contracts, this expiry
Heaviest call OI
140.00
0 contracts
Heaviest put OI
135.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 7.47 | 4.98 | -33.4% |
| Mar 2026 | 4.39 | 6.61 | +50.6% |
| Dec 2025 | 3.55 | 5.48 | +54.3% |
| Sep 2025 | 1.83 | 1.05 | -42.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 9.41 | 1 | $2.07B | +72.9% |
| Next quarter | 15.67 | 1 | $2.34B | +81.6% |
| Current year | 33.50 | 3 | $7.80B | +57.6% |
| Next year | 23.30 | 3 | $7.59B | -2.7% |
Analyst targets & ownership
Mean target$246.75
High target$290.00
Low target$205.00
Implied upside56.81%
Analyst count8
ConsensusSTRONG BUY
Strong buy / Buy2 / 6
Hold0
Sell / Strong sell0 / 0
Held by insiders6.69%
Held by institutions102.38%
Institutions holding648
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
160.21
-1.78% from price
SMA 20
163.08
-3.51% from price
SMA 50
176.97
-11.08% from price
SMA 100
178.18
-11.68% from price
SMA 200
196.09
-19.75% from price
EMA 12
160.69
-2.07% from price
EMA 26
165.99
-5.20% from price
EMA 50
171.91
-8.46% from price
RSI (14)
35.6
Neutral
MACD (12,26,9)
-5.30
Hist -0.09
ATR (14)
5.71
3.63% of price
Realised vol 30D
33.1%
Annualised
Bollinger upper
172.21
20, 2σ
Bollinger lower
153.95
20, 2σ
50 / 200 cross
Death
176.97 vs 196.09
Trend bias
Below 200
-19.75%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.52
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
33.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-39.0%
Peak to trough
Max drawdown 5Y
-39.0%
Peak to trough
ATR 14
5.71
3.63% of price
Beta (reported)
0.93
5Y monthly, from filing
Short interest
Shares short
2.51M
Prior 2.60M
Change vs prior
-3.1%
Shorts covering
% of float
11.36%
Elevated
% of shares out
8.16%
Against total outstanding
Days to cover
7.5
Crowded exit
Float
28.62M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 7, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| May 8, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Apr 28, 26 | Barrington Research | MAINTAINED | Outperform | Outperform |
| Apr 10, 26 | Citigroup | UPGRADE | Neutral | Buy |
| Apr 6, 26 | Benchmark | MAINTAINED | Buy | Buy |
| Mar 23, 26 | Deutsche Bank | MAINTAINED | Buy | Buy |
| Mar 3, 26 | Barrington Research | MAINTAINED | Outperform | Outperform |
| Mar 2, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Feb 27, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Feb 27, 26 | Benchmark | MAINTAINED | Buy | Buy |
| Feb 27, 26 | Guggenheim | MAINTAINED | Buy | Buy |
| Nov 25, 25 | Citigroup | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$7.44 / yr
Forward yield4.73%
5-year avg yield2.80%
Payout ratio140.91%
Ex-dividend dateAug 14, 2026
Next pay dateAug 28, 2026
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-08-03
Offering Registrations
S-8 · 2026-06-23
Corporate Changes & Voting Matters
8-K · 2026-06-16
Corporate Changes & Voting Matters
8-K/A · 2026-06-04
Periodic Financial Reports
10-Q · 2026-05-08
Corporate Changes & Voting Matters
8-K · 2026-05-07
Headlines
Nexstar Media Group to Report 2026 Third Quarter Financial Results, Host Conference Call and Webcast on November 5
Business Wire · 23h ago
Nexstar Media Group and DAZN Announce Agreement to Televise and Live Stream 15 Indiana Pacers Games for Fans Across Central Indiana
Business Wire · 6d ago
Nexstar’s Michigan Television Stations to Air Exclusive Live Debates Between Candidates for Governor and U.S. Senate
Business Wire · 20d ago
Sinclair and Nexstar Partner to Increase Awareness of NextGenTV
GlobeNewswire · 21d ago
Nexstar (NXST) Posted Record Revenue, But Wall Street Isn’t Fully Buying It
Insider Monkey · 33d ago
SIRI Showered Owners With Cash. The Stock Still Lagged The Market
Trefis · 34d ago
New Mexico State at Florida State Delivers the CW’s Most-Watched Sports Broadcast in Network History
Business Wire · 35d ago
Is Nexstar Media Group (NXST) Cheap On Conference Appearances Or Already Fairly Valued?
Simply Wall St. · 43d ago
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