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

Gray Television, Inc.

NYSE
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Nexstar Media Group Inc.

NASDAQ
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Gray Television, Inc. wins in 5 metrics, Nexstar Media Group Inc. wins in 16 metrics, with 0 ties. Nexstar Media Group Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Gray Television, Inc. Nexstar Media Group Inc. Better
P/E Ratio (TTM) 24.02 8.79 Nexstar Media Group Inc.
Price-to-Book Ratio 0.49 2.33 Gray Television, Inc.
Debt-to-Equity Ratio 207.24 301.78 Gray Television, Inc.
PEG Ratio -0.21 11.13 Nexstar Media Group Inc.
EV/EBITDA 11.08 6.73 Nexstar Media Group Inc.
Profit Margin (TTM) -2.75% 12.23% Nexstar Media Group Inc.
Operating Margin (TTM) 14.65% 18.48% Nexstar Media Group Inc.
EBITDA Margin (TTM) 14.65% 18.48% Nexstar Media Group Inc.
Return on Equity -2.96% 26.67% Nexstar Media Group Inc.
Return on Assets (TTM) 2.45% 6.77% Nexstar Media Group Inc.
Free Cash Flow (TTM) $181.00M $1.11B Nexstar Media Group Inc.
Dividend Yield 2.94% 4.47% Nexstar Media Group Inc.
1-Year Return -21.87% 4.70% Nexstar Media Group Inc.
Price-to-Sales Ratio (TTM) 0.37 0.97 Gray Television, Inc.
Enterprise Value $7.18B $11.74B Nexstar Media Group Inc.
EV/Revenue Ratio 2.32 2.19 Nexstar Media Group Inc.
Gross Profit Margin (TTM) 25.51% 55.35% Nexstar Media Group Inc.
Revenue per Share (TTM) $32 $170 Nexstar Media Group Inc.
Earnings per Share (Diluted) $-1.41 $19.62 Nexstar Media Group Inc.
Beta (Stock Volatility) 0.92 1.03 Gray Television, Inc.
Short % of Float 0.53% 9.35% Gray Television, Inc.

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

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GTN.A
NXST

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Gray Television, Inc.-4.18%1.45%-20.44%-19.60%-2.79%-31.39%
Nexstar Media Group Inc.0.18%-3.59%-8.99%-26.68%-3.49%-13.20%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Gray Television, Inc.-21.87%-19.95%-66.70%-33.40%204.89%5.54%
Nexstar Media Group Inc.4.70%13.17%20.44%239.87%2,555.21%3,344.59%

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

MetricGTN.ANXST
Market Information
Market Cap i$1.13B$5.20B
Market Cap CategorySmall capMid cap
10 Day Avg. Volume i477247,940
90 Day Avg. Volume i4,049435,783
Last Close$8.02$181.52
52 Week Range$6.86 - $15.33$164.00 - $254.30
% from 52W High-47.68%-28.62%
All-Time High$23.75 (Nov 01, 2021)$254.20 (Feb 09, 2026)
% from All-Time High-66.23%-28.59%
Growth Metrics
Quarterly Revenue Growth-0.24%-0.04%
Quarterly Earnings Growth-0.24%-0.38%
Financial Health
Profit Margin (TTM) i-0.03%0.12%
Operating Margin (TTM) i0.15%0.18%
Return on Equity (TTM) i-0.03%0.27%
Debt to Equity (MRQ) i207.24301.78
Cash & Liquidity
Book Value per Share (MRQ)$22.25$74.02
Cash per Share (MRQ)$3.73$8.39
Operating Cash Flow (TTM) i$289.00M$1.31B
Levered Free Cash Flow (TTM) i$279.62M$1.38B
Dividends
Last 12-Month Dividend Yield i2.94%4.47%
Last 12-Month Dividend i$0.32$9.30

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

MetricGTN.A (Apr 24, 2026)NXST (Jun 13, 2025)
Price Ratios
P/E Ratio (TTM) i24.028.79
Forward P/E i-17.2011.13
PEG Ratio i-0.2111.13
Price to Sales (TTM) i0.370.97
Price to Book (MRQ) i0.492.33
Market Capitalization
Market Capitalization i$1.13B$5.20B
Enterprise Value i$7.18B$11.74B
Enterprise Value Metrics
Enterprise to Revenue i2.322.19
Enterprise to EBITDA i11.086.73
Risk & Other Metrics
Beta i0.921.03
Book Value per Share (MRQ) i$22.25$74.02

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

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricGTN.A (2025)NXST (2024)
Revenue/Sales i3.10B5.41B
Cost of Goods Sold i2.33B2.22B
COGS % of Revenue i75.4%41.1%
Gross Profit i761.00M3.19B
Gross Margin i24.6%58.9%
Research & Development iN/AN/A
Operating Income (EBIT) i411.00M1.29B
Operating Margin i13.3%23.9%
EBITDA i674.00M2.20B
EBITDA Margin i21.8%40.6%
Pre-Tax Income i-113.00M959.00M
Pre-Tax Income % of Revenue i-3.7%17.7%
Income Tax i-28.00M276.00M
Income Tax % of Revenue i-0.9%5.1%
Net Income (Profit) i-85.00M683.00M
Profit Margin i-2.7%12.6%

Balance Sheet & Liquidity Metrics

MetricGTN.A (2025)NXST (2024)
Cash & Equivalents i368.00M144.00M
Total Current Assets i656.00M1.30B
Total Current Assets % of Revenue i21.2%24.0%
Total Current Liabilities i516.00M783.00M
Total Current Liabilities % of Revenue i16.7%14.5%
Long-Term Debt i5.80B6.40B
Long-Term Debt % of Revenue i187.4%118.3%
Total Shareholders Equity i2.81B2.27B
Retained Earnings i1.21B3.67B
Retained Earnings % of Revenue i38.9%67.9%
Property, Plant & Equipment i1.22B1.12B

Cash Flow Statement Comparison

MetricGTN.A (2025)NXST (2024)
Operating Cash Flow i239.00M1.16B
Operating Cash Flow % of Revenue i7.7%21.4%
Capital Expenditures i-108.00M-145.00M
Free Cash Flow i181.00M1.11B
FCF Margin i5.8%20.4%
Debt Repayment i-1.99B-382.00M
Common Stock Repurchase iN/A-601.00M

Short Interest & Institutional Ownership Analysis

MetricGTN.ANXST
Shares Short i19,0182.02M
Short Ratio i0.633.99
Short % of Float i0.53%9.35%
Shares Outstanding i102.00M30.62M
Float Shares i83.88M28.11M
% Held by Insiders i80.67%6.72%
% Held by Institutions i13.31%100.12%
% Held by Public i6.02%-6.84%

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

MetricGTN.ANXST
Last 12-Month Dividend i$0.32$9.30
Last 12-Month Dividend Yield i2.94%4.47%
3-Year Avg Annual Dividend i$0.32$7.15
3-Year Avg Dividend Yield i0.92%0.96%
3-Year Total Dividends i$0.96$21.46
Ex-Dividend DateMar 13, 2026Feb 13, 2026