Fox vs Nexstar Media Group
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KIRA’s take AI analyst
I put Fox and Nexstar Media Group side by side, using each one’s latest annual report. Here is what stands out:
- Fox is the larger business, with $17.1B of revenue in fiscal 2026 against $4.9B for Nexstar Media Group, about 3.5 times as much.
- Fox grew revenue faster (5.1%, against −8.5%).
- Nexstar Media Group turned more of its sales into free cash flow (15.0% FCF margin, against 8.6%).
- Fox earned a higher return on the capital invested in it (14.8%, against 5.6%).
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Fox
FOXA
7/9
Revenue growth5-year growthNet marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDA
Nexstar Media Group
NXST
2/9
FCF marginShare count change
Side by side
Best in the row
| Latest fiscal year | FOXA FY26 | NXST FY25 |
|---|---|---|
| Size | ||
| Market cap | $28.7B | $5.1B |
| Revenue | $17.1B | $4.9B |
| Free cash flow | $1.5B | $743M |
| Net income | $1.7B | $109M |
| Growth | ||
| Revenue growth | 5.1% | −8.5% |
| 5-year growth | 5.8% | 1.9% |
| Share count change | −4.8% | −6.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | 17.2% |
| Net margin | 10.1% | 2.2% |
| FCF margin | 8.6% | 15.0% |
| Return on capital | 14.8% | 5.6% |
| Return on equity | 14.6% | 5.1% |
| Balance sheet | ||
| Net debt | $2.4B | $6.1B |
| Net debt / EBITDA | 0.8x | 4.6x |
| Dividends and buybacks | $2.3B | $351M |
| Valuation & quality | ||
| P/E | — | 31.3x |
| Piotroski F-score | 6 | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

