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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and NEXSTAR MEDIA GROUP, INC. (NXST). Click either name above to swap in a different company.

NEXSTAR MEDIA GROUP, INC. is the larger business by last-quarter revenue ($1.3B vs $821.5M, roughly 1.6× Acadia Healthcare Company, Inc.). NEXSTAR MEDIA GROUP, INC. runs the higher net margin — -12.9% vs -143.3%, a 130.5% gap on every dollar of revenue. On growth, Acadia Healthcare Company, Inc. posted the faster year-over-year revenue change (6.1% vs -13.4%). NEXSTAR MEDIA GROUP, INC. produced more free cash flow last quarter ($136.0M vs $-179.5M). Over the past eight quarters, Acadia Healthcare Company, Inc.'s revenue compounded faster (3.4% CAGR vs 0.2%).

Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.

Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas; Midtown Manhattan; and Chicago. Founded on June 17, 1996, the company is the largest television station owner in the United States, owning 197 television stations across the United States, most of which are affiliated with the four major American television networks and MyNetworkTV in markets as large as New York City and as small as San Angelo, Texas. It also operates all of the station...

ACHC vs NXST — Head-to-Head

Bigger by revenue
NXST
NXST
1.6× larger
NXST
$1.3B
$821.5M
ACHC
Growing faster (revenue YoY)
ACHC
ACHC
+19.5% gap
ACHC
6.1%
-13.4%
NXST
Higher net margin
NXST
NXST
130.5% more per $
NXST
-12.9%
-143.3%
ACHC
More free cash flow
NXST
NXST
$315.5M more FCF
NXST
$136.0M
$-179.5M
ACHC
Faster 2-yr revenue CAGR
ACHC
ACHC
Annualised
ACHC
3.4%
0.2%
NXST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACHC
ACHC
NXST
NXST
Revenue
$821.5M
$1.3B
Net Profit
$-1.2B
$-166.0M
Gross Margin
Operating Margin
-142.4%
18.7%
Net Margin
-143.3%
-12.9%
Revenue YoY
6.1%
-13.4%
Net Profit YoY
-3710.4%
-168.6%
EPS (diluted)
$-12.98
$-5.57

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACHC
ACHC
NXST
NXST
Q4 25
$821.5M
$1.3B
Q3 25
$851.6M
$1.2B
Q2 25
$869.2M
$1.2B
Q1 25
$770.5M
$1.2B
Q4 24
$774.2M
$1.5B
Q3 24
$815.6M
$1.4B
Q2 24
$796.0M
$1.3B
Q1 24
$768.1M
$1.3B
Net Profit
ACHC
ACHC
NXST
NXST
Q4 25
$-1.2B
$-166.0M
Q3 25
$36.2M
$70.0M
Q2 25
$30.1M
$97.0M
Q1 25
$8.4M
$108.0M
Q4 24
$32.6M
$242.0M
Q3 24
$68.1M
$187.0M
Q2 24
$78.5M
$118.0M
Q1 24
$76.4M
$175.0M
Operating Margin
ACHC
ACHC
NXST
NXST
Q4 25
-142.4%
18.7%
Q3 25
4.7%
14.6%
Q2 25
5.8%
17.3%
Q1 25
1.7%
17.8%
Q4 24
4.9%
28.1%
Q3 24
12.1%
24.5%
Q2 24
13.4%
18.9%
Q1 24
12.9%
21.4%
Net Margin
ACHC
ACHC
NXST
NXST
Q4 25
-143.3%
-12.9%
Q3 25
4.3%
5.8%
Q2 25
3.5%
7.9%
Q1 25
1.1%
8.8%
Q4 24
4.2%
16.3%
Q3 24
8.4%
13.7%
Q2 24
9.9%
9.3%
Q1 24
9.9%
13.6%
EPS (diluted)
ACHC
ACHC
NXST
NXST
Q4 25
$-12.98
$-5.57
Q3 25
$0.40
$2.14
Q2 25
$0.33
$3.06
Q1 25
$0.09
$3.37
Q4 24
$0.36
$7.44
Q3 24
$0.74
$5.27
Q2 24
$0.85
$3.54
Q1 24
$0.83
$5.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACHC
ACHC
NXST
NXST
Cash + ST InvestmentsLiquidity on hand
$133.2M
$280.0M
Total DebtLower is stronger
$2.5B
$6.3B
Stockholders' EquityBook value
$1.9B
$2.1B
Total Assets
$5.5B
$10.8B
Debt / EquityLower = less leverage
1.28×
3.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACHC
ACHC
NXST
NXST
Q4 25
$133.2M
$280.0M
Q3 25
$118.7M
$236.0M
Q2 25
$131.4M
$234.0M
Q1 25
$91.2M
$253.0M
Q4 24
$76.3M
$144.0M
Q3 24
$82.1M
$181.0M
Q2 24
$77.2M
$146.0M
Q1 24
$77.3M
$237.0M
Total Debt
ACHC
ACHC
NXST
NXST
Q4 25
$2.5B
$6.3B
Q3 25
$2.3B
$6.4B
Q2 25
$2.3B
$6.4B
Q1 25
$2.2B
$6.5B
Q4 24
$2.0B
$6.5B
Q3 24
$1.9B
$6.7B
Q2 24
$1.8B
$6.8B
Q1 24
$1.9B
$6.8B
Stockholders' Equity
ACHC
ACHC
NXST
NXST
Q4 25
$1.9B
$2.1B
Q3 25
$3.1B
$2.3B
Q2 25
$3.1B
$2.3B
Q1 25
$3.0B
$2.2B
Q4 24
$3.1B
$2.3B
Q3 24
$3.0B
$2.2B
Q2 24
$3.0B
$2.3B
Q1 24
$2.9B
$2.3B
Total Assets
ACHC
ACHC
NXST
NXST
Q4 25
$5.5B
$10.8B
Q3 25
$6.4B
$11.2B
Q2 25
$6.3B
$11.3B
Q1 25
$6.1B
$11.4B
Q4 24
$6.0B
$11.5B
Q3 24
$5.9B
$11.7B
Q2 24
$5.7B
$11.8B
Q1 24
$5.5B
$11.9B
Debt / Equity
ACHC
ACHC
NXST
NXST
Q4 25
1.28×
3.07×
Q3 25
0.74×
2.78×
Q2 25
0.74×
2.83×
Q1 25
0.72×
2.89×
Q4 24
0.64×
2.89×
Q3 24
0.62×
3.02×
Q2 24
0.62×
2.99×
Q1 24
0.65×
2.93×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACHC
ACHC
NXST
NXST
Operating Cash FlowLast quarter
$-86.3M
$190.0M
Free Cash FlowOCF − Capex
$-179.5M
$136.0M
FCF MarginFCF / Revenue
-21.8%
10.6%
Capex IntensityCapex / Revenue
11.3%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-439.9M
$743.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACHC
ACHC
NXST
NXST
Q4 25
$-86.3M
$190.0M
Q3 25
$73.2M
$117.0M
Q2 25
$133.5M
$247.0M
Q1 25
$11.5M
$337.0M
Q4 24
$116.7M
$411.0M
Q3 24
$163.1M
$387.0M
Q2 24
$171.1M
$176.0M
Q1 24
$-321.3M
$276.0M
Free Cash Flow
ACHC
ACHC
NXST
NXST
Q4 25
$-179.5M
$136.0M
Q3 25
$-63.0M
$87.0M
Q2 25
$-34.2M
$218.0M
Q1 25
$-163.2M
$302.0M
Q4 24
$-86.8M
$376.0M
Q3 24
$-27.1M
$358.0M
Q2 24
$16.9M
$139.0M
Q1 24
$-463.7M
$232.0M
FCF Margin
ACHC
ACHC
NXST
NXST
Q4 25
-21.8%
10.6%
Q3 25
-7.4%
7.3%
Q2 25
-3.9%
17.7%
Q1 25
-21.2%
24.5%
Q4 24
-11.2%
25.3%
Q3 24
-3.3%
26.2%
Q2 24
2.1%
11.0%
Q1 24
-60.4%
18.1%
Capex Intensity
ACHC
ACHC
NXST
NXST
Q4 25
11.3%
4.2%
Q3 25
16.0%
2.5%
Q2 25
19.3%
2.4%
Q1 25
22.7%
2.8%
Q4 24
26.3%
2.4%
Q3 24
23.3%
2.1%
Q2 24
19.4%
2.9%
Q1 24
18.5%
3.4%
Cash Conversion
ACHC
ACHC
NXST
NXST
Q4 25
Q3 25
2.02×
1.67×
Q2 25
4.43×
2.55×
Q1 25
1.37×
3.12×
Q4 24
3.58×
1.70×
Q3 24
2.39×
2.07×
Q2 24
2.18×
1.49×
Q1 24
-4.21×
1.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACHC
ACHC

Acute Inpatient Psychiatric Facilities$451.2M55%
Comprehensive Treatment Centers$144.2M18%
Medicare$113.7M14%
Residential Treatment Centers$89.7M11%
Self Payor$16.1M2%
Other Payor$10.7M1%

NXST
NXST

Distribution Service$704.0M55%
Advertising$491.0M38%
Other$78.0M6%
Corporate$3.0M0%

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