Nexstar Media [NXST] vs Gray Television [GTN] Detailed Stock Comparison

Nexstar Media Group Inc.

NASDAQ
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Gray Television, Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Nexstar Media Group Inc. wins in 14 metrics, Gray Television, Inc. wins in 7 metrics, with 0 ties. Nexstar Media Group Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Nexstar Media Group Inc. Gray Television, Inc. Better
P/E Ratio (TTM) 8.79 12.67 Nexstar Media Group Inc.
Price-to-Book Ratio 2.33 0.26 Gray Television, Inc.
Debt-to-Equity Ratio 301.78 207.24 Gray Television, Inc.
PEG Ratio 11.13 -0.11 Nexstar Media Group Inc.
EV/EBITDA 6.73 10.27 Nexstar Media Group Inc.
Profit Margin (TTM) 12.23% -2.75% Nexstar Media Group Inc.
Operating Margin (TTM) 18.48% 14.65% Nexstar Media Group Inc.
EBITDA Margin (TTM) 18.48% 14.65% Nexstar Media Group Inc.
Return on Equity 26.67% -2.96% Nexstar Media Group Inc.
Return on Assets (TTM) 6.77% 2.45% Nexstar Media Group Inc.
Free Cash Flow (TTM) $1.11B $181.00M Nexstar Media Group Inc.
Dividend Yield 4.47% 6.91% Gray Television, Inc.
1-Year Return 4.78% 2.35% Nexstar Media Group Inc.
Price-to-Sales Ratio (TTM) 0.97 0.19 Gray Television, Inc.
Enterprise Value $11.74B $6.66B Nexstar Media Group Inc.
EV/Revenue Ratio 2.19 2.15 Gray Television, Inc.
Gross Profit Margin (TTM) 55.35% 25.51% Nexstar Media Group Inc.
Revenue per Share (TTM) $170 $32 Nexstar Media Group Inc.
Earnings per Share (Diluted) $19.62 $-1.41 Nexstar Media Group Inc.
Beta (Stock Volatility) 1.03 0.92 Gray Television, Inc.
Short % of Float 9.35% 0.02% Gray Television, Inc.

Nexstar Media Group Inc. vs Gray Television, Inc. Stock Performance Analysis

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NXST
GTN

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Nexstar Media Group Inc.-1.27%-2.96%-11.82%-27.16%-15.57%-17.50%
Gray Television, Inc.-3.06%-4.76%-8.43%-17.75%-25.93%-20.83%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Nexstar Media Group Inc.4.78%5.74%22.46%260.46%2,337.15%3,597.03%
Gray Television, Inc.2.35%-47.45%-82.44%-65.37%79.82%-33.22%

Performance & Financial Health Analysis: Nexstar Media Group Inc. vs Gray Television, Inc.

MetricNXSTGTN
Market Information
Market Cap i$5.20B$575.58M
Market Cap CategoryMid capSmall cap
10 Day Avg. Volume i247,9401,102,847
90 Day Avg. Volume i435,7831,241,766
Last Close$172.29$3.80
52 Week Range$164.00 - $254.30$3.50 - $6.44
% from 52W High-32.25%-40.99%
All-Time High$254.20 (Feb 09, 2026)$25.24 (Nov 01, 2021)
% from All-Time High-32.22%-84.94%
Growth Metrics
Quarterly Revenue Growth-0.04%-0.24%
Quarterly Earnings Growth-0.38%-0.24%
Financial Health
Profit Margin (TTM) i0.12%-0.03%
Operating Margin (TTM) i0.18%0.15%
Return on Equity (TTM) i0.27%-0.03%
Debt to Equity (MRQ) i301.78207.24
Cash & Liquidity
Book Value per Share (MRQ)$74.02$22.25
Cash per Share (MRQ)$8.39$3.73
Operating Cash Flow (TTM) i$1.31B$289.00M
Levered Free Cash Flow (TTM) i$1.38B$279.62M
Dividends
Last 12-Month Dividend Yield i4.47%6.91%
Last 12-Month Dividend i$9.30$0.32

Valuation & Enterprise Metrics Analysis: Nexstar Media Group Inc. vs Gray Television, Inc.

MetricNXST (Jun 13, 2025)GTN (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i8.7912.67
Forward P/E i11.1333.53
PEG Ratio i11.13-0.11
Price to Sales (TTM) i0.970.19
Price to Book (MRQ) i2.330.26
Market Capitalization
Market Capitalization i$5.20B$575.58M
Enterprise Value i$11.74B$6.66B
Enterprise Value Metrics
Enterprise to Revenue i2.192.15
Enterprise to EBITDA i6.7310.27
Risk & Other Metrics
Beta i1.030.92
Book Value per Share (MRQ) i$74.02$22.25

Financial Statements Comparison: Nexstar Media Group Inc. vs Gray Television, Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricNXST (2024)GTN (2025)
Revenue/Sales i5.41B3.10B
Cost of Goods Sold i2.22B2.33B
COGS % of Revenue i41.1%75.4%
Gross Profit i3.19B761.00M
Gross Margin i58.9%24.6%
Research & Development iN/AN/A
Operating Income (EBIT) i1.29B411.00M
Operating Margin i23.9%13.3%
EBITDA i2.20B674.00M
EBITDA Margin i40.6%21.8%
Pre-Tax Income i959.00M-113.00M
Pre-Tax Income % of Revenue i17.7%-3.7%
Income Tax i276.00M-28.00M
Income Tax % of Revenue i5.1%-0.9%
Net Income (Profit) i683.00M-85.00M
Profit Margin i12.6%-2.7%

Balance Sheet & Liquidity Metrics

MetricNXST (2024)GTN (2025)
Cash & Equivalents i144.00M368.00M
Total Current Assets i1.30B656.00M
Total Current Assets % of Revenue i24.0%21.2%
Total Current Liabilities i783.00M516.00M
Total Current Liabilities % of Revenue i14.5%16.7%
Long-Term Debt i6.40B5.80B
Long-Term Debt % of Revenue i118.3%187.4%
Total Shareholders Equity i2.27B2.81B
Retained Earnings i3.67B1.21B
Retained Earnings % of Revenue i67.9%38.9%
Property, Plant & Equipment i1.12B1.22B

Cash Flow Statement Comparison

MetricNXST (2024)GTN (2025)
Operating Cash Flow i1.16B239.00M
Operating Cash Flow % of Revenue i21.4%7.7%
Capital Expenditures i-145.00M-108.00M
Free Cash Flow i1.11B181.00M
FCF Margin i20.4%5.8%
Debt Repayment i-382.00M-1.99B
Common Stock Repurchase i-601.00MN/A

Short Interest & Institutional Ownership Analysis

MetricNXSTGTN
Shares Short i2.02M14,401
Short Ratio i3.990.01
Short % of Float i9.35%0.02%
Shares Outstanding i30.62M102.00M
Float Shares i28.11M83.88M
% Held by Insiders i6.72%6.98%
% Held by Institutions i100.12%86.85%
% Held by Public i-6.84%6.17%

Dividend Analysis & Yield Comparison: Nexstar Media Group Inc. vs Gray Television, Inc.

MetricNXSTGTN
Last 12-Month Dividend i$9.30$0.32
Last 12-Month Dividend Yield i4.47%6.91%
3-Year Avg Annual Dividend i$7.15$0.32
3-Year Avg Dividend Yield i0.96%1.55%
3-Year Total Dividends i$21.46$0.96
Ex-Dividend DateFeb 13, 2026Mar 13, 2026