NXST Nasdaq Broadcasting Financials FY2016–FY2025
Nexstar owns and operates local television stations and national networks, and produces news, sports and entertainment programming. It says it is the largest local television broadcasting company in the United States, with over 200 owned or partner stations in 116 local markets. Its stations are affiliates of CBS, FOX, NBC and ABC, and also of The CW and MyNetworkTV. It owns 80.8% of The CW and runs NewsNation, a national news network, plus the Antenna TV and REWIND TV channels. It also has a stake in TV Food Network.
Hi! I read Nexstar Media Group’s latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
−8.5%
No. Sales fell 8.5% last year.
Does it make a profit?
2.2%
A little. It keeps 2.2% of every sale as profit.
Does profit turn into cash?
15.0%
Yes. 15.0% of sales ends up as free cash.
Is debt under control?
4.6x
Heavy. Repaying its debt would take 4.6 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
31.3x
One share costs 31.3 times its yearly profit per share. Typical for its sector: 17.1x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA · Nexstar Media Group had $4.9B of revenue in fiscal 2025, down 8.5% on the year before. Over five years, revenue changed +1.9% a year on average. Its operating margin was 17.2%, down 6.3 pts: of every 100 in sales, about 17 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA · Nexstar Media Group made $109M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 0.4% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA · Free cash flow was $743M in fiscal 2025, 15.0% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA · Nexstar Media Group returned $351M to shareholders in fiscal 2025, 47% of free cash flow. The diluted share count fell 6.4%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA · In the last 12 months, insiders bought $2.0M and sold $11.2M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$2.0M
1 insider
Sold, 12 months
$11.2M
16 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 23, 2026 | Andrew AlfordPresident, Broadcasting | Sold | 2,823 | $165.69 | $0.5M | Form 4 |
| Aug 24, 2026 | Michael BiardPresident & COO | Sold | 2,465 | $185.82 | $0.5M | Form 4 |
| Aug 24, 2026 | Bernadette S. AulestiaDirector | Sold | 300 | $186.80 | $0.1M | Form 4 |
| Aug 14, 2026 | Dana ZimmerSee Remarks | Sold | 4,008 | $187.46 | $0.8M | Form 4 |
| Jun 26, 2026 | Perry A SookChief Executive Officer, Director | Bought | 12,235 | $162.26 | $2.0M | Form 4 |
| Jun 16, 2026 | Sean ComptonPresident, Networks | Sold | 840 | $170.81 | $0.1M | Form 4 |
| Jun 16, 2026 | Gary WeitmanSee Remarks | Sold | 261 | $170.81 | $0.0M | Form 4 |
| Jun 16, 2026 | Andrew AlfordPresident, Broadcasting | Sold | 746 | $170.81 | $0.1M | Form 4 |
| Jun 16, 2026 | Lindsey KnappEVP, Human Resources | Sold | 93 | $170.81 | $0.0M | Form 4 |
| Jun 16, 2026 | Brett JenkinsSee Remarks | Sold | 301 | $170.81 | $0.1M | Form 4 |
| Jun 16, 2026 | Lee Ann GlihaEVP, Chief Financial Officer | Sold | 373 | $170.81 | $0.1M | Form 4 |
| Jun 16, 2026 | Dana ZimmerSee Remarks | Sold | 876 | $170.81 | $0.1M | Form 4 |
| Jun 16, 2026 | Blake RussellEVP, Operations | Sold | 261 | $170.81 | $0.0M | Form 4 |
| Jun 12, 2026 | Michael BiardPresident & COO | Sold | 1,227 | $174.21 | $0.2M | Form 4 |
| Jun 12, 2026 | Gary WeitmanSee Remarks | Sold | 194 | $174.21 | $0.0M | Form 4 |
| Jun 10, 2026 | Blake RussellEVP, Operations | Sold | 239 | $176.42 | $0.0M | Form 4 |
| Jun 10, 2026 | Dana ZimmerSee Remarks | Sold | 915 | $176.42 | $0.2M | Form 4 |
| Jun 10, 2026 | Brett JenkinsSee Remarks | Sold | 284 | $176.42 | $0.1M | Form 4 |
| Jun 10, 2026 | Lee Ann GlihaEVP, Chief Financial Officer | Sold | 752 | $176.42 | $0.1M | Form 4 |
| Jun 10, 2026 | Sean ComptonPresident, Networks | Sold | 875 | $176.42 | $0.2M | Form 4 |
| Jun 10, 2026 | Andrew AlfordPresident, Broadcasting | Sold | 778 | $176.42 | $0.1M | Form 4 |
| Jun 9, 2026 | Charles Thomas McMillenDirector | Sold | 1,000 | $180.00 | $0.2M | Form 4 |
| Jun 4, 2026 | Dana ZimmerSee Remarks | Sold | 433 | $182.42 | $0.1M | Form 4 |
| Jun 4, 2026 | Brett JenkinsSee Remarks | Sold | 397 | $182.42 | $0.1M | Form 4 |
| Jun 4, 2026 | Blake RussellEVP, Operations | Sold | 319 | $182.42 | $0.1M | Form 4 |
| Jun 4, 2026 | Sean ComptonPresident, Networks | Sold | 414 | $182.42 | $0.1M | Form 4 |
| Jun 4, 2026 | Lee Ann GlihaEVP, Chief Financial Officer | Sold | 258 | $182.42 | $0.0M | Form 4 |
| Jun 4, 2026 | Gary WeitmanSee Remarks | Sold | 319 | $182.42 | $0.1M | Form 4 |
| Jun 4, 2026 | Andrew AlfordPresident, Broadcasting | Sold | 368 | $182.42 | $0.1M | Form 4 |
| Jun 2, 2026 | Lindsey KnappEVP, Human Resources | Sold | 290 | $184.27 | $0.1M | Form 4 |
| May 28, 2026 | Andrew AlfordPresident, Broadcasting | Sold | 605 | $185.33 | $0.1M | Form 4 |
| May 27, 2026 | Michael BiardPresident & COO | Sold | 989 | $187.32 | $0.2M | Form 4 |
| May 27, 2026 | Andrew AlfordPresident, Broadcasting | Sold | 395 | $187.32 | $0.1M | Form 4 |
| May 27, 2026 | Rachel MorganEVP General Counsel | Sold | 185 | $187.32 | $0.0M | Form 4 |
| May 27, 2026 | Sean ComptonPresident, Networks | Sold | 445 | $187.32 | $0.1M | Form 4 |
| May 27, 2026 | Lindsey KnappEVP, Human Resources | Sold | 92 | $187.32 | $0.0M | Form 4 |
| May 27, 2026 | Lee Ann GlihaEVP, Chief Financial Officer | Sold | 742 | $187.32 | $0.1M | Form 4 |
| May 27, 2026 | Gary WeitmanSee Remarks | Sold | 184 | $187.32 | $0.0M | Form 4 |
| May 27, 2026 | Brett JenkinsSee Remarks | Sold | 229 | $187.32 | $0.0M | Form 4 |
| May 27, 2026 | Dana ZimmerSee Remarks | Sold | 465 | $187.32 | $0.1M | Form 4 |
| May 27, 2026 | Blake RussellEVP, Operations | Sold | 185 | $187.32 | $0.0M | Form 4 |
| May 27, 2026 | Dan LanzanoSee Remarks | Sold | 247 | $187.32 | $0.0M | Form 4 |
| May 19, 2026 | Sean ComptonPresident, Networks | Sold | 5,000 | $196.00 | $1.0M | Form 4 |
| May 18, 2026 | Dan LanzanoSee Remarks | Sold | 237 | $196.37 | $0.0M | Form 4 |
| Mar 27, 2026 | John R MuseDirector | Sold | 1,500 | $219.63 | $0.3M | Form 4 |
| Mar 27, 2026 | Robert S. WeaverEVP, Government Relations | Sold | 1,872 | $213.25 | $0.4M | Form 4 |
| Mar 27, 2026 | Rachel MorganEVP General Counsel | Sold | 3,127 | $213.72 | $0.7M | Form 4 |
| Mar 27, 2026 | Royce A. WellsDirector | Sold | 825 | $212.76 | $0.2M | Form 4 |
| Mar 27, 2026 | Gary WeitmanSee Remarks | Sold | 1,005 | $212.49 | $0.2M | Form 4 |
| Mar 25, 2026 | Brett JenkinsSee Remarks | Sold | 414 | $218.53 | $0.1M | Form 4 |
| Mar 25, 2026 | Sean ComptonPresident, Networks | Sold | 804 | $218.53 | $0.2M | Form 4 |
| Mar 25, 2026 | Blake RussellEVP, Operations | Sold | 333 | $218.53 | $0.1M | Form 4 |
| Mar 25, 2026 | Lee Ann GlihaEVP, Chief Financial Officer | Sold | 1,337 | $218.53 | $0.3M | Form 4 |
| Mar 25, 2026 | Andrew AlfordPresident, Broadcasting | Sold | 623 | $218.53 | $0.1M | Form 4 |
| Mar 25, 2026 | Robert S. WeaverEVP, Government Relations | Sold | 1,101 | $218.53 | $0.2M | Form 4 |
| Mar 25, 2026 | Rachel MorganEVP General Counsel | Sold | 333 | $218.53 | $0.1M | Form 4 |
| Mar 25, 2026 | Dan LanzanoSee Remarks | Sold | 138 | $218.53 | $0.0M | Form 4 |
| Mar 25, 2026 | Michael BiardPresident & COO | Sold | 1,802 | $218.53 | $0.4M | Form 4 |
| Mar 25, 2026 | Dana ZimmerSee Remarks | Sold | 839 | $218.53 | $0.2M | Form 4 |
| Mar 25, 2026 | Gary WeitmanSee Remarks | Sold | 333 | $218.53 | $0.1M | Form 4 |
| Mar 24, 2026 | Dana ZimmerSee Remarks | Sold | 4,409 | $225.50 | $1.0M | Form 4 |
| Mar 24, 2026 | Gary WeitmanSee Remarks | Sold | 3,527 | $226.00 | $0.8M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA · Nexstar Media Group owes $6.1B more than it holds in cash, about 4.6 years of operating profit.
Cash, debt and the ratios that show how comfortably Nexstar Media Group can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $191M | $204M | $135M | $144M | $280M |
| Debt incl. finance leases | $7.4B | $7.0B | $6.8B | $6.5B | $6.3B |
| Net debt / EBITDA | 4.1x | 3.4x | 5.6x | 3.6x | 4.6x |
| Debt / equity | 2.6x | 2.5x | 3.0x | 2.9x | 3.1x |
| Interest coverage | 4.3x | 4.0x | 1.6x | 2.9x | 2.3x |
| Current ratio | 1.8x | 1.8x | 1.5x | 1.7x | 2.1x |
| Quick ratio | 1.8x | 1.8x | 1.5x | 1.7x | 2.1x |
| Total assets | $13.3B | $12.7B | $12.1B | $11.5B | $10.8B |
| Total liabilities | $10.4B | $9.9B | $9.8B | $9.2B | $8.8B |
| Shareholders' equity | $2.9B | $2.7B | $2.3B | $2.3B | $2.1B |
| Net debt (− = net cash) | $7.2B | $6.7B | $6.7B | $6.4B | $6.1B |
KIRA · Its return on capital was 5.6%: every 100 invested in the business earned about 6 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA · Nexstar Media Group passes 5 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✕ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✕ | ✕ | ✕ |
| Current ratio rose | ✕ | ✓ | ✓ |
| Share count didn't rise | ✓ | ✓ | ✓ |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | ✕ | ✓ | ✕ |
| F-score | 4 / 8 | 7 / 8 | 5 / 8 |
| Accruals ratio | −5.3% | −4.5% | −7.0% |
| Altman Z'' | 1.78 | 2.34 | 2.29 |
What does the share cost, and how does it compare?
KIRA · At $164.75 a share, the company is worth $5.1B: 31.3 times its earnings of the last four quarters.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
—
Adds net cash of −$6.1B and divides by 30.7M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Value per share
—
Reference multiples: today 31.8x · peers 14.2x · sector 17.1x.
KIRA · Nexstar Media Group grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 1 of 1.
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Nexstar Media Group NXST | $5.1B | −8.5% | 17.2% | 15.0% | 5.6% | 31.3x | 5 | |
| SiriusXM SIRI | $9.4B | −1.6% | 17.2% | 14.6% | 5.3% | 11.0x | 6 | Compare → |
| Fox FOXA | $28.7B | 5.1% | — | 8.6% | 14.8% | — | 6 | Compare → |
| Warner Bros. Discovery WBD | $79.7B | −5.2% | 2.0% | 8.3% | 0.6% | — | 7 | Compare → |
| Roblox RBLX | $39.0B | 35.8% | −25.2% | 27.7% | — | — | 6 | Compare → |
Every number, year by year.
Amounts in USD. Hover a ratio’s name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.1B | $2.4B | $2.8B | $3.0B | $4.5B | $4.6B | $5.2B | $4.9B | $5.4B | $4.9B |
| Operating income | $287M | $506M | $758M | $655M | $1.4B | $1.2B | $1.3B | $708M | $1.3B | $849M |
| Interest expense | $117M | $240M | $219M | $251M | $324M | $273M | $330M | $437M | $431M | $372M |
| Pretax income | $171M | $241M | $533M | $373M | $1.1B | $1.1B | $1.2B | $401M | $959M | $150M |
| Income tax | $77.6M | −$234M | $145M | $137M | $297M | $263M | $274M | $131M | $276M | $67.0M |
| Net income | $91.5M | $475M | $390M | $230M | $812M | $834M | $971M | $346M | $722M | $109M |
| Diluted EPS | $2.89 | $10.07 | $8.21 | $4.80 | $17.37 | $18.98 | $24.16 | $9.64 | $21.41 | $3.00 |
| Diluted shares | 0.03B | 0.05B | 0.05B | 0.05B | 0.05B | 0.04B | 0.04B | 0.04B | 0.03B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | $284M | $109M | $737M | $418M | $1.3B | $1.2B | $1.4B | $999M | $1.3B | $891M |
| Capital expenditure | $31.9M | $72.5M | $106M | $198M | $217M | $151M | $157M | $149M | $145M | $148M |
| Free cash flow | $252M | $36.6M | $631M | $220M | $1.0B | $1.1B | $1.2B | $850M | $1.1B | $743M |
| Depreciation and amortization | $97.9M | $260M | $259M | $324M | $565M | $589M | $662M | $488M | $484M | $471M |
| Stock-based compensation | $11.4M | $24.1M | $31.3M | $38.6M | $48.3M | $47.0M | $62.0M | $60.0M | $78.0M | $78.0M |
| Acquisitions | $104M | $3.0B | $104M | $5.9B | $386M | $138M | $0.0M | $38.0M | $0.0M | $22.0M |
| Share buybacks | $0.0M | $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 |
| Dividends and buybacks | $29.5M | $155M | $119M | $128M | $383M | $655M | $1.0B | $796M | $820M | $351M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $87.7M | $116M | $145M | $232M | $153M | $191M | $204M | $135M | $144M | $280M |
| Total debt | $2.3B | $4.4B | $4.0B | $8.5B | $7.7B | $7.4B | $7.0B | $6.8B | $6.5B | $6.3B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $16.1M | $15.2M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $363M | $1.1B | $767M | $1.4B | $1.2B | $1.4B | $1.6B | $1.5B | $1.3B | $1.5B |
| Current liabilities | $190M | $671M | $404M | $948M | $731M | $787M | $893M | $961M | $783M | $711M |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | $276M | $734M | $732M | $1.3B | $1.6B | $1.5B | $1.3B | $1.3B | $1.2B | $1.2B |
| Total assets | $3.0B | $7.5B | $7.1B | $14.0B | $13.4B | $13.3B | $12.7B | $12.1B | $11.5B | $10.8B |
| Total liabilities | $2.7B | $5.9B | $5.2B | $11.9B | $10.9B | $10.4B | $9.9B | $9.8B | $9.2B | $8.8B |
| Shareholders' equity | $169M | $1.6B | $1.9B | $2.0B | $2.5B | $2.9B | $2.7B | $2.3B | $2.3B | $2.1B |
| Margins | ||||||||||
| Operating margin | 26.0% | 20.8% | 27.4% | 21.6% | 30.6% | 25.3% | 25.2% | 14.4% | 23.5% | 17.2% |
| EBITDA margin | 34.9% | 31.5% | 36.8% | 32.2% | 43.1% | 38.0% | 37.9% | 24.2% | 32.4% | 26.7% |
| Net margin | 8.3% | 19.5% | 14.1% | 7.6% | 18.0% | 17.9% | 18.6% | 7.0% | 13.4% | 2.2% |
| FCF margin | 22.9% | 1.5% | 22.8% | 7.2% | 23.0% | 22.9% | 23.9% | 17.2% | 20.4% | 15.0% |
| Returns | ||||||||||
| Return on capital | 7.7% | 12.1% | 9.6% | 5.2% | 9.9% | 8.9% | 10.4% | 5.1% | 10.2% | 5.6% |
| Return on capital employed | 12.9% | 10.6% | 11.3% | 6.7% | 10.7% | 9.3% | 10.8% | 6.2% | 11.6% | 8.2% |
| Return on equity | 73.3% | 54.6% | 22.8% | 11.9% | 35.7% | 31.1% | 34.7% | 13.7% | 31.7% | 5.1% |
| Return on assets | 3.8% | 9.1% | 5.4% | 2.2% | 5.9% | 6.3% | 7.5% | 2.8% | 6.1% | 1.0% |
| Growth | ||||||||||
| Revenue growth | 23.1% | 120.5% | 13.8% | 9.9% | 48.1% | 3.3% | 12.1% | −5.3% | 9.6% | −8.5% |
| Net income growth | 17.8% | 418.9% | −18.0% | −40.9% | 252.4% | 2.8% | 16.4% | −64.4% | 108.7% | −84.9% |
| EPS growth | 19.4% | 248.4% | −18.5% | −41.5% | 261.9% | 9.3% | 27.3% | −60.1% | 122.1% | −86.0% |
| FCF growth | 43.2% | −85.5% | 1,621.6% | −65.1% | 371.6% | 2.6% | 17.1% | −31.8% | 30.0% | −32.8% |
| Share count change | −1.3% | 48.9% | 0.6% | 1.1% | −2.5% | −5.9% | −8.6% | −10.8% | −8.5% | −6.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | 5.9x | 5.6x | 3.8x | 8.5x | 3.9x | 4.1x | 3.4x | 5.6x | 3.6x | 4.6x |
| Debt / equity | 13.9x | 2.8x | 2.2x | 4.2x | 3.1x | 2.6x | 2.5x | 3.0x | 2.9x | 3.1x |
| Interest coverage | 2.5x | 2.1x | 3.5x | 2.6x | 4.2x | 4.3x | 4.0x | 1.6x | 2.9x | 2.3x |
| Current ratio | 1.9x | 1.6x | 1.9x | 1.4x | 1.7x | 1.8x | 1.8x | 1.5x | 1.7x | 2.1x |
| Quick ratio | 1.9x | 1.6x | 1.9x | 1.4x | 1.7x | 1.8x | 1.8x | 1.5x | 1.7x | 2.1x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.9% | 3.0% | 3.8% | 6.5% | 4.8% | 3.3% | 3.0% | 3.0% | 2.7% | 3.0% |
| Stock comp / revenue | 1.0% | 1.0% | 1.1% | 1.3% | 1.1% | 1.0% | 1.2% | 1.2% | 1.4% | 1.6% |
| Payouts / FCF | 11.7% | 422.9% | 18.9% | 58.2% | 36.9% | 61.6% | 82.1% | 93.7% | 74.2% | 47.2% |
| Quality scores | ||||||||||
| Piotroski F-score | 5.0 | 5.0 | 5.0 | 4.0 | 7.0 | 8.0 | 8.0 | 4.0 | 7.0 | 5.0 |
| Altman Z'' | 1.0 | 1.2 | 1.7 | 0.9 | 1.5 | 1.7 | 2.1 | 1.8 | 2.3 | 2.3 |
| Accruals ratio | −8.0% | 7.0% | −4.8% | −1.8% | −3.2% | −2.9% | −3.3% | −5.3% | −4.5% | −7.0% |
Source: SEC EDGAR XBRL filings (CIK 0001142417). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.
