Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | $2.43B | $2.77B | $3.04B | $4.50B | $4.65B | $5.21B | $4.93B | $5.41B | $4.95B |
| Revenue growth | — | 120.4% | 13.8% | 9.9% | 48.1% | 3.3% | 12.1% | -5.3% | 9.6% | -8.5% |
| Operating income | $287M | $506M | $758M | $655M | $1.38B | $1.18B | $1.31B | $708M | $1.27B | $849M |
| Operating margin | 26.0% | 20.8% | 27.4% | 21.6% | 30.6% | 25.3% | 25.2% | 14.4% | 23.5% | 17.2% |
| Net income | $91.5M | $475M | $389M | $230M | $812M | $834M | $971M | $346M | $722M | $109M |
| Net margin | 8.3% | 19.5% | 14.1% | 7.6% | 18.0% | 17.9% | 18.6% | 7.0% | 13.4% | 2.2% |
| EPS (diluted) | $2.89 | $10.07 | $8.21 | $4.80 | $17.37 | $18.98 | $24.16 | $9.64 | $21.41 | $3.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $284M | $109M | $737M | $417M | $1.25B | $1.22B | $1.40B | $999M | $1.25B | $891M |
| Capital expenditures | $31.9M | $72.5M | $106M | $198M | $217M | $151M | $157M | $149M | $145M | $148M |
| Free cash flow | $252M | $36.6M | $631M | $220M | $1.04B | $1.06B | $1.25B | $850M | $1.10B | $743M |
| Share buybacks | — | $99.0M | $50.5M | $45.1M | $282M | $537M | $881M | $605M | $601M | $125M |
| Dividends paid | $29.4M | $55.9M | $68.6M | $82.8M | $101M | $118M | $142M | $191M | $219M | $226M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $87.7M | $116M | $145M | $232M | $153M | $191M | $204M | $135M | $144M | $280M |
| Total assets | $2.97B | $7.48B | $7.06B | $14.0B | $13.4B | $13.3B | $12.7B | $12.1B | $11.5B | $10.8B |
| Total liabilities | $2.68B | $5.90B | $5.19B | $11.9B | $10.9B | $10.4B | $9.91B | $9.77B | $9.20B | $8.78B |
| Long-term debt | $2.31B | $4.27B | $3.88B | $8.38B | $7.65B | $7.37B | $6.83B | $6.71B | $6.40B | $6.22B |
| Shareholders' equity | $169M | $1.57B | $1.85B | $2.03B | $2.52B | $2.85B | $2.74B | $2.30B | $2.26B | $2.06B |
| Retained earnings | -$177M | $300M | $620M | $779M | $1.49B | $2.20B | $3.03B | $3.19B | $3.67B | $3.54B |
| Shares (wtd avg diluted) | 31.7M | 47.1M | 47.4M | 47.9M | 46.7M | 44.0M | 40.2M | 35.8M | 32.8M | 30.7M |
Every figure is extracted from NEXSTAR MEDIA GROUP, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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