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Side-by-side financial comparison of Howmet Aerospace (HWM) and NEXSTAR MEDIA GROUP, INC. (NXST). Click either name above to swap in a different company.

Howmet Aerospace is the larger business by last-quarter revenue ($2.2B vs $1.3B, roughly 1.7× NEXSTAR MEDIA GROUP, INC.). Howmet Aerospace runs the higher net margin — 17.2% vs -12.9%, a 30.0% gap on every dollar of revenue. On growth, Howmet Aerospace posted the faster year-over-year revenue change (14.6% vs -13.4%). Howmet Aerospace produced more free cash flow last quarter ($530.0M vs $136.0M). Over the past eight quarters, Howmet Aerospace's revenue compounded faster (9.0% CAGR vs 0.2%).

Howmet Aerospace Inc. is an American aerospace company based in Pittsburgh, Pennsylvania. The company manufactures components for jet engines, fasteners, titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.

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...

HWM vs NXST — Head-to-Head

Bigger by revenue
HWM
HWM
1.7× larger
HWM
$2.2B
$1.3B
NXST
Growing faster (revenue YoY)
HWM
HWM
+28.1% gap
HWM
14.6%
-13.4%
NXST
Higher net margin
HWM
HWM
30.0% more per $
HWM
17.2%
-12.9%
NXST
More free cash flow
HWM
HWM
$394.0M more FCF
HWM
$530.0M
$136.0M
NXST
Faster 2-yr revenue CAGR
HWM
HWM
Annualised
HWM
9.0%
0.2%
NXST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HWM
HWM
NXST
NXST
Revenue
$2.2B
$1.3B
Net Profit
$372.0M
$-166.0M
Gross Margin
Operating Margin
22.6%
18.7%
Net Margin
17.2%
-12.9%
Revenue YoY
14.6%
-13.4%
Net Profit YoY
18.5%
-168.6%
EPS (diluted)
$0.92
$-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
HWM
HWM
NXST
NXST
Q4 25
$2.2B
$1.3B
Q3 25
$2.1B
$1.2B
Q2 25
$2.1B
$1.2B
Q1 25
$1.9B
$1.2B
Q4 24
$1.9B
$1.5B
Q3 24
$1.8B
$1.4B
Q2 24
$1.9B
$1.3B
Q1 24
$1.8B
$1.3B
Net Profit
HWM
HWM
NXST
NXST
Q4 25
$372.0M
$-166.0M
Q3 25
$385.0M
$70.0M
Q2 25
$407.0M
$97.0M
Q1 25
$344.0M
$108.0M
Q4 24
$314.0M
$242.0M
Q3 24
$332.0M
$187.0M
Q2 24
$266.0M
$118.0M
Q1 24
$243.0M
$175.0M
Operating Margin
HWM
HWM
NXST
NXST
Q4 25
22.6%
18.7%
Q3 25
25.9%
14.6%
Q2 25
25.4%
17.3%
Q1 25
25.4%
17.8%
Q4 24
23.5%
28.1%
Q3 24
22.9%
24.5%
Q2 24
21.2%
18.9%
Q1 24
20.2%
21.4%
Net Margin
HWM
HWM
NXST
NXST
Q4 25
17.2%
-12.9%
Q3 25
18.4%
5.8%
Q2 25
19.8%
7.9%
Q1 25
17.7%
8.8%
Q4 24
16.6%
16.3%
Q3 24
18.1%
13.7%
Q2 24
14.1%
9.3%
Q1 24
13.3%
13.6%
EPS (diluted)
HWM
HWM
NXST
NXST
Q4 25
$0.92
$-5.57
Q3 25
$0.95
$2.14
Q2 25
$1.00
$3.06
Q1 25
$0.84
$3.37
Q4 24
$0.76
$7.44
Q3 24
$0.81
$5.27
Q2 24
$0.65
$3.54
Q1 24
$0.59
$5.16

Balance Sheet & Financial Strength

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

Metric
HWM
HWM
NXST
NXST
Cash + ST InvestmentsLiquidity on hand
$742.0M
$280.0M
Total DebtLower is stronger
$3.0B
$6.3B
Stockholders' EquityBook value
$5.4B
$2.1B
Total Assets
$11.2B
$10.8B
Debt / EquityLower = less leverage
0.57×
3.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWM
HWM
NXST
NXST
Q4 25
$742.0M
$280.0M
Q3 25
$659.0M
$236.0M
Q2 25
$545.0M
$234.0M
Q1 25
$536.0M
$253.0M
Q4 24
$564.0M
$144.0M
Q3 24
$475.0M
$181.0M
Q2 24
$752.0M
$146.0M
Q1 24
$533.0M
$237.0M
Total Debt
HWM
HWM
NXST
NXST
Q4 25
$3.0B
$6.3B
Q3 25
$3.2B
$6.4B
Q2 25
$3.3B
$6.4B
Q1 25
$3.3B
$6.5B
Q4 24
$3.3B
$6.5B
Q3 24
$3.4B
$6.7B
Q2 24
$3.7B
$6.8B
Q1 24
$3.7B
$6.8B
Stockholders' Equity
HWM
HWM
NXST
NXST
Q4 25
$5.4B
$2.1B
Q3 25
$5.1B
$2.3B
Q2 25
$5.0B
$2.3B
Q1 25
$4.8B
$2.2B
Q4 24
$4.6B
$2.3B
Q3 24
$4.5B
$2.2B
Q2 24
$4.3B
$2.3B
Q1 24
$4.1B
$2.3B
Total Assets
HWM
HWM
NXST
NXST
Q4 25
$11.2B
$10.8B
Q3 25
$11.2B
$11.2B
Q2 25
$11.0B
$11.3B
Q1 25
$10.8B
$11.4B
Q4 24
$10.5B
$11.5B
Q3 24
$10.6B
$11.7B
Q2 24
$10.7B
$11.8B
Q1 24
$10.4B
$11.9B
Debt / Equity
HWM
HWM
NXST
NXST
Q4 25
0.57×
3.07×
Q3 25
0.62×
2.78×
Q2 25
0.65×
2.83×
Q1 25
0.69×
2.89×
Q4 24
0.73×
2.89×
Q3 24
0.75×
3.02×
Q2 24
0.86×
2.99×
Q1 24
0.90×
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
HWM
HWM
NXST
NXST
Operating Cash FlowLast quarter
$654.0M
$190.0M
Free Cash FlowOCF − Capex
$530.0M
$136.0M
FCF MarginFCF / Revenue
24.4%
10.6%
Capex IntensityCapex / Revenue
5.7%
4.2%
Cash ConversionOCF / Net Profit
1.76×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$743.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWM
HWM
NXST
NXST
Q4 25
$654.0M
$190.0M
Q3 25
$531.0M
$117.0M
Q2 25
$446.0M
$247.0M
Q1 25
$253.0M
$337.0M
Q4 24
$480.0M
$411.0M
Q3 24
$244.0M
$387.0M
Q2 24
$397.0M
$176.0M
Q1 24
$177.0M
$276.0M
Free Cash Flow
HWM
HWM
NXST
NXST
Q4 25
$530.0M
$136.0M
Q3 25
$423.0M
$87.0M
Q2 25
$344.0M
$218.0M
Q1 25
$134.0M
$302.0M
Q4 24
$378.0M
$376.0M
Q3 24
$162.0M
$358.0M
Q2 24
$342.0M
$139.0M
Q1 24
$95.0M
$232.0M
FCF Margin
HWM
HWM
NXST
NXST
Q4 25
24.4%
10.6%
Q3 25
20.2%
7.3%
Q2 25
16.8%
17.7%
Q1 25
6.9%
24.5%
Q4 24
20.0%
25.3%
Q3 24
8.8%
26.2%
Q2 24
18.2%
11.0%
Q1 24
5.2%
18.1%
Capex Intensity
HWM
HWM
NXST
NXST
Q4 25
5.7%
4.2%
Q3 25
5.2%
2.5%
Q2 25
5.0%
2.4%
Q1 25
6.1%
2.8%
Q4 24
5.4%
2.4%
Q3 24
4.5%
2.1%
Q2 24
2.9%
2.9%
Q1 24
4.5%
3.4%
Cash Conversion
HWM
HWM
NXST
NXST
Q4 25
1.76×
Q3 25
1.38×
1.67×
Q2 25
1.10×
2.55×
Q1 25
0.74×
3.12×
Q4 24
1.53×
1.70×
Q3 24
0.73×
2.07×
Q2 24
1.49×
1.49×
Q1 24
0.73×
1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HWM
HWM

Engine Products Segment$1.2B54%
Fastening Systems$454.0M21%
Forged Wheels$264.0M12%
Aerospace Defense$236.0M11%
Commercial Transportation$46.0M2%

NXST
NXST

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

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