NXST Nexstar Media Group margins

Relative Growth: Rel. Growth: 30

Relative Strength: Rel. Strength: 37

Relative Valuation: Rel. Valuation: 57

Relative Profitability: Rel. Profitability: 53

Gross margin

54.6%

Operating margin

17.8%

EBITDA margin

26.3%

Net margin

3.2%

Current Nexstar Media Group reports a gross margin of 54.6%, an operating margin of 17.8%, an EBITDA margin of 26.3%, and a net margin of 3.2%. The company's available margins all deteriorated, with EBITDA margin reporting the strongest contraction of 13.4 percentage points.

NXST margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Nexstar Media Group's margins averaged 56.7% gross, 18.95% operating, 35.66% EBITDA, and 8.32% net. Compared with their three-year averages, all four current margins are lower.

NXST margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in EBITDA margin, which fell by 13.4 percentage points. The other available margins also declined.

Gross margin expansion

-3.5pp

Operating margin expansion

-4.5pp

EBITDA margin expansion

-13.4pp

Net margin expansion

-8.7pp

NXST Gross margin

Over the last 3 years, the average gross margin for Nexstar Media Group was 56.7%. The current gross margin of 54.6% is 2.1 percentage points below its three-year average. Nexstar Media Group's gross margin ranged from a low of 54.6% in Jun 2026 to a high of 58.9% in Dec 2024.

NXST Operating margin

Over the last 3 years, Nexstar Media Group's operating margin averaged 18.95%. The current operating margin of 17.8% is 1.2 percentage points below its three-year average. During this period, operating margin reached a high of 23.5% in Dec 2024 and a low of 14.4% in Dec 2023.

NXST EBITDA margin

Nexstar Media Group's EBITDA margin averaged 35.66% over the last 3 years. Compared with its three-year average, Nexstar Media Group's current EBITDA margin is 26.3% and is 9.4 percentage points below its three-year average. Over the last 3 years, Nexstar Media Group's EBITDA margin peaked at 41.6% in Dec 2024 and reached a low of 26.3% in Jun 2026.

NXST Net margin

The average net margin for Nexstar Media Group was 8.32% during the last 3 years. At present, the current net margin for Nexstar Media Group is 3.2%, 5.1 percentage points below its three-year average. The net margin for Nexstar Media Group moved between 2.2% in Dec 2025 and 13.4% in Dec 2024.

NXST margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 54.6%, NXST ranks higher than the Communication Services sector, the industry and its peers average. In comparison with the Communication Services sector average of 49.6%, Nexstar Media Group's gross margin is 10% higher.

NXST margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Nexstar Media Group's gross margin?

The current gross margin for NXST is 54.6% as of Jun 30, 2026.

What is Nexstar Media Group's operating margin?

As of Jun 30, 2026, NXST has an operating margin of 17.8%.

What is Nexstar Media Group's EBITDA margin?

The current EBITDA margin for NXST is 26.3% as of Jun 30, 2026.

What is Nexstar Media Group's net margin?

As of Jun 30, 2026, NXST has a net margin of 3.2%.

What are the average margins of NXST?

Over the past 3 years, NXST reported average margins of 56.7% gross, 19.0% operating, 35.7% EBITDA, and 8.3% net.

What are the highest historical margins of NXST?

Over the last 5 years, Nexstar Media Group's highest margins were 61.5% gross in Dec 2022, 27% operating in Sep 2022, 44.1% EBITDA in Sep 2022, and 20.8% net in Sep 2022.

What are the lowest historical margins of NXST?

Within the 5-year period, NXST recorded its lowest margins at 54.6% gross in Jun 2026, 14.4% operating in Dec 2023, 26.3% EBITDA in Jun 2026, and 2.2% net in Dec 2025.