← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Nexstar's advertising decline reduced revenue and profit, but free cash flow remained strong while a heavily financed TEGNA acquisition awaited regulatory approval.
The read at a glance✓ Audited against SEC data
- Growth — Revenue declined 8.5%Watch
- Profitability — Net income declined 84.9% to $109M from $722MWatch
- Cash flow — Free cash flow declined 32.8% to $743M from $1.105BWatch
- Margins — Operating margin contracted 630 bps to 17.15%Watch
- Accounting — Strong cash flow with pending media transactionNote
- Insiders — 0 purchases and 57 salesWatch
Business
Nexstar owns local television stations, digital properties and The CW network.
Where the revenue comes from
Fiscal 2025, as NEXSTAR MEDIA GROUP, INC. reports it. History and quarterly detail are in the app.
- Reportable Broadcast$4.7B
- All Other Segments$346.0M
- Corporate$10.0M
Leadership changes
From NEXSTAR MEDIA GROUP, INC.'s own filings, the day they're filed.
- Dennis FitzSimons · Directors · departureeff. 2025-03-21
- Ellen Johnson · President · appointmenteff. 2024-10-01
- Michael Strober · Chief Revenue Officer · departureeff. 2024-09-30
Latest filings
- 10-Q · Quarterly report2026-08-07
- 8-K · Company announcement2026-08-06
- 8-K · Company announcement2026-08-03
- 8-K · Company announcement2026-06-16
- 10-Q · Quarterly report2026-05-08
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about NEXSTAR MEDIA GROUP, INC., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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