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Side-by-side financial comparison of CAL-MAINE FOODS INC (CALM) 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 ($1.4B vs $769.5M, roughly 1.8× CAL-MAINE FOODS INC). CAL-MAINE FOODS INC runs the higher net margin — 13.4% vs 11.5%, a 1.9% gap on every dollar of revenue. On growth, NEXSTAR MEDIA GROUP, INC. posted the faster year-over-year revenue change (13.1% vs -19.4%). NEXSTAR MEDIA GROUP, INC. produced more free cash flow last quarter ($267.0M vs $47.9M). Over the past eight quarters, CAL-MAINE FOODS INC's revenue compounded faster (29.4% CAGR vs 4.9%).

Cal-Maine Foods, Inc. is an American fresh egg producer based in Ridgeland, Mississippi. As of 2024, it was the largest egg producer in the United States. Its eggs are sold under several different brand names, including Egg-Land's Best, Land O'Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain. The company was founded in 1957 by Fred R. Adams, Jr., whose family owns a controlling interest in the company, which is publicly traded on the NASDAQ stock exchange.

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...

CALM vs NXST — Head-to-Head

Bigger by revenue
NXST
NXST
1.8× larger
NXST
$1.4B
$769.5M
CALM
Growing faster (revenue YoY)
NXST
NXST
+32.5% gap
NXST
13.1%
-19.4%
CALM
Higher net margin
CALM
CALM
1.9% more per $
CALM
13.4%
11.5%
NXST
More free cash flow
NXST
NXST
$219.1M more FCF
NXST
$267.0M
$47.9M
CALM
Faster 2-yr revenue CAGR
CALM
CALM
Annualised
CALM
29.4%
4.9%
NXST

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
CALM
CALM
NXST
NXST
Revenue
$769.5M
$1.4B
Net Profit
$102.8M
$160.0M
Gross Margin
27.0%
Operating Margin
16.1%
0.0%
Net Margin
13.4%
11.5%
Revenue YoY
-19.4%
13.1%
Net Profit YoY
-53.1%
146.5%
EPS (diluted)
$2.13

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
CALM
CALM
NXST
NXST
Q1 26
$1.4B
Q4 25
$769.5M
$1.3B
Q3 25
$922.6M
$1.2B
Q2 25
$1.2B
Q1 25
$1.4B
$1.2B
Q4 24
$954.7M
$1.5B
Q3 24
$785.9M
$1.4B
Q2 24
$1.3B
Net Profit
CALM
CALM
NXST
NXST
Q1 26
$160.0M
Q4 25
$102.8M
$-166.0M
Q3 25
$199.3M
$70.0M
Q2 25
$97.0M
Q1 25
$508.5M
$108.0M
Q4 24
$219.1M
$242.0M
Q3 24
$150.0M
$187.0M
Q2 24
$118.0M
Gross Margin
CALM
CALM
NXST
NXST
Q1 26
Q4 25
27.0%
Q3 25
33.7%
Q2 25
Q1 25
50.5%
Q4 24
37.3%
Q3 24
31.5%
Q2 24
Operating Margin
CALM
CALM
NXST
NXST
Q1 26
0.0%
Q4 25
16.1%
18.7%
Q3 25
27.0%
14.6%
Q2 25
17.3%
Q1 25
44.8%
17.8%
Q4 24
29.1%
28.1%
Q3 24
23.8%
24.5%
Q2 24
18.9%
Net Margin
CALM
CALM
NXST
NXST
Q1 26
11.5%
Q4 25
13.4%
-12.9%
Q3 25
21.6%
5.8%
Q2 25
7.9%
Q1 25
35.9%
8.8%
Q4 24
22.9%
16.3%
Q3 24
19.1%
13.7%
Q2 24
9.3%
EPS (diluted)
CALM
CALM
NXST
NXST
Q1 26
Q4 25
$2.13
$-5.57
Q3 25
$4.12
$2.14
Q2 25
$3.06
Q1 25
$10.38
$3.37
Q4 24
$4.47
$7.44
Q3 24
$3.06
$5.27
Q2 24
$3.54

Balance Sheet & Financial Strength

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

Metric
CALM
CALM
NXST
NXST
Cash + ST InvestmentsLiquidity on hand
$369.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
Total Assets
$3.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CALM
CALM
NXST
NXST
Q1 26
Q4 25
$369.4M
$280.0M
Q3 25
$251.9M
$236.0M
Q2 25
$234.0M
Q1 25
$497.2M
$253.0M
Q4 24
$140.3M
$144.0M
Q3 24
$181.7M
$181.0M
Q2 24
$146.0M
Total Debt
CALM
CALM
NXST
NXST
Q1 26
Q4 25
$6.3B
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.5B
Q4 24
$6.5B
Q3 24
$6.7B
Q2 24
$6.8B
Stockholders' Equity
CALM
CALM
NXST
NXST
Q1 26
Q4 25
$2.7B
$2.1B
Q3 25
$2.7B
$2.3B
Q2 25
$2.3B
Q1 25
$2.4B
$2.2B
Q4 24
$2.0B
$2.3B
Q3 24
$1.9B
$2.2B
Q2 24
$2.3B
Total Assets
CALM
CALM
NXST
NXST
Q1 26
Q4 25
$3.1B
$10.8B
Q3 25
$3.2B
$11.2B
Q2 25
$11.3B
Q1 25
$3.1B
$11.4B
Q4 24
$2.5B
$11.5B
Q3 24
$2.4B
$11.7B
Q2 24
$11.8B
Debt / Equity
CALM
CALM
NXST
NXST
Q1 26
Q4 25
3.07×
Q3 25
2.78×
Q2 25
2.83×
Q1 25
2.89×
Q4 24
2.89×
Q3 24
3.02×
Q2 24
2.99×

Cash Flow & Capital Efficiency

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

Metric
CALM
CALM
NXST
NXST
Operating Cash FlowLast quarter
$94.8M
$289.0M
Free Cash FlowOCF − Capex
$47.9M
$267.0M
FCF MarginFCF / Revenue
6.2%
19.1%
Capex IntensityCapex / Revenue
6.1%
1.6%
Cash ConversionOCF / Net Profit
0.92×
1.81×
TTM Free Cash FlowTrailing 4 quarters
$895.9M
$708.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CALM
CALM
NXST
NXST
Q1 26
$289.0M
Q4 25
$94.8M
$190.0M
Q3 25
$278.6M
$117.0M
Q2 25
$247.0M
Q1 25
$571.6M
$337.0M
Q4 24
$122.7M
$411.0M
Q3 24
$117.5M
$387.0M
Q2 24
$176.0M
Free Cash Flow
CALM
CALM
NXST
NXST
Q1 26
$267.0M
Q4 25
$47.9M
$136.0M
Q3 25
$233.3M
$87.0M
Q2 25
$218.0M
Q1 25
$521.8M
$302.0M
Q4 24
$92.9M
$376.0M
Q3 24
$81.7M
$358.0M
Q2 24
$139.0M
FCF Margin
CALM
CALM
NXST
NXST
Q1 26
19.1%
Q4 25
6.2%
10.6%
Q3 25
25.3%
7.3%
Q2 25
17.7%
Q1 25
36.8%
24.5%
Q4 24
9.7%
25.3%
Q3 24
10.4%
26.2%
Q2 24
11.0%
Capex Intensity
CALM
CALM
NXST
NXST
Q1 26
1.6%
Q4 25
6.1%
4.2%
Q3 25
4.9%
2.5%
Q2 25
2.4%
Q1 25
3.5%
2.8%
Q4 24
3.1%
2.4%
Q3 24
4.6%
2.1%
Q2 24
2.9%
Cash Conversion
CALM
CALM
NXST
NXST
Q1 26
1.81×
Q4 25
0.92×
Q3 25
1.40×
1.67×
Q2 25
2.55×
Q1 25
1.12×
3.12×
Q4 24
0.56×
1.70×
Q3 24
0.78×
2.07×
Q2 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CALM
CALM

Retail$625.4M81%
Prepared Foods$71.7M9%
Egg Products$34.5M4%
Service Other$19.2M2%
Other$13.8M2%

NXST
NXST

Distribution$837.0M60%
Advertising$548.0M39%

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