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Side-by-side financial comparison of KIRBY CORP (KEX) 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 $851.8M, roughly 1.5× KIRBY CORP). KIRBY CORP runs the higher net margin — 10.8% vs -12.9%, a 23.7% gap on every dollar of revenue. On growth, KIRBY CORP posted the faster year-over-year revenue change (6.2% vs -13.4%). KIRBY CORP produced more free cash flow last quarter ($265.2M vs $136.0M). Over the past eight quarters, KIRBY CORP's revenue compounded faster (2.7% CAGR vs 0.2%).

Kirby Corporation, headquartered in Houston, Texas, is the largest tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Products transported by Kirby include petrochemicals, black oil, refined petroleum products, and agricultural chemical products by tank barge. Kirby also owns and operates eight ocean-going barge and tug units transporting ...

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...

KEX vs NXST — Head-to-Head

Bigger by revenue
NXST
NXST
1.5× larger
NXST
$1.3B
$851.8M
KEX
Growing faster (revenue YoY)
KEX
KEX
+19.6% gap
KEX
6.2%
-13.4%
NXST
Higher net margin
KEX
KEX
23.7% more per $
KEX
10.8%
-12.9%
NXST
More free cash flow
KEX
KEX
$129.2M more FCF
KEX
$265.2M
$136.0M
NXST
Faster 2-yr revenue CAGR
KEX
KEX
Annualised
KEX
2.7%
0.2%
NXST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
KEX
KEX
NXST
NXST
Revenue
$851.8M
$1.3B
Net Profit
$91.8M
$-166.0M
Gross Margin
Operating Margin
15.2%
18.7%
Net Margin
10.8%
-12.9%
Revenue YoY
6.2%
-13.4%
Net Profit YoY
114.4%
-168.6%
EPS (diluted)
$1.68
$-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
KEX
KEX
NXST
NXST
Q4 25
$851.8M
$1.3B
Q3 25
$871.2M
$1.2B
Q2 25
$855.5M
$1.2B
Q1 25
$785.7M
$1.2B
Q4 24
$802.3M
$1.5B
Q3 24
$831.1M
$1.4B
Q2 24
$824.4M
$1.3B
Q1 24
$808.0M
$1.3B
Net Profit
KEX
KEX
NXST
NXST
Q4 25
$91.8M
$-166.0M
Q3 25
$92.5M
$70.0M
Q2 25
$94.3M
$97.0M
Q1 25
$76.0M
$108.0M
Q4 24
$42.8M
$242.0M
Q3 24
$90.0M
$187.0M
Q2 24
$83.9M
$118.0M
Q1 24
$70.1M
$175.0M
Operating Margin
KEX
KEX
NXST
NXST
Q4 25
15.2%
18.7%
Q3 25
14.8%
14.6%
Q2 25
15.4%
17.3%
Q1 25
13.4%
17.8%
Q4 24
6.3%
28.1%
Q3 24
15.3%
24.5%
Q2 24
14.6%
18.9%
Q1 24
12.6%
21.4%
Net Margin
KEX
KEX
NXST
NXST
Q4 25
10.8%
-12.9%
Q3 25
10.6%
5.8%
Q2 25
11.0%
7.9%
Q1 25
9.7%
8.8%
Q4 24
5.3%
16.3%
Q3 24
10.8%
13.7%
Q2 24
10.2%
9.3%
Q1 24
8.7%
13.6%
EPS (diluted)
KEX
KEX
NXST
NXST
Q4 25
$1.68
$-5.57
Q3 25
$1.65
$2.14
Q2 25
$1.67
$3.06
Q1 25
$1.33
$3.37
Q4 24
$0.74
$7.44
Q3 24
$1.55
$5.27
Q2 24
$1.43
$3.54
Q1 24
$1.19
$5.16

Balance Sheet & Financial Strength

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

Metric
KEX
KEX
NXST
NXST
Cash + ST InvestmentsLiquidity on hand
$78.8M
$280.0M
Total DebtLower is stronger
$919.3M
$6.3B
Stockholders' EquityBook value
$3.4B
$2.1B
Total Assets
$6.0B
$10.8B
Debt / EquityLower = less leverage
0.27×
3.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEX
KEX
NXST
NXST
Q4 25
$78.8M
$280.0M
Q3 25
$47.0M
$236.0M
Q2 25
$68.4M
$234.0M
Q1 25
$51.1M
$253.0M
Q4 24
$74.4M
$144.0M
Q3 24
$67.1M
$181.0M
Q2 24
$53.5M
$146.0M
Q1 24
$75.2M
$237.0M
Total Debt
KEX
KEX
NXST
NXST
Q4 25
$919.3M
$6.3B
Q3 25
$1.0B
$6.4B
Q2 25
$1.1B
$6.4B
Q1 25
$1.1B
$6.5B
Q4 24
$874.9M
$6.5B
Q3 24
$978.6M
$6.7B
Q2 24
$1.0B
$6.8B
Q1 24
$1.1B
$6.8B
Stockholders' Equity
KEX
KEX
NXST
NXST
Q4 25
$3.4B
$2.1B
Q3 25
$3.4B
$2.3B
Q2 25
$3.4B
$2.3B
Q1 25
$3.3B
$2.2B
Q4 24
$3.4B
$2.3B
Q3 24
$3.3B
$2.2B
Q2 24
$3.3B
$2.3B
Q1 24
$3.2B
$2.3B
Total Assets
KEX
KEX
NXST
NXST
Q4 25
$6.0B
$10.8B
Q3 25
$6.1B
$11.2B
Q2 25
$6.1B
$11.3B
Q1 25
$6.0B
$11.4B
Q4 24
$5.9B
$11.5B
Q3 24
$5.9B
$11.7B
Q2 24
$5.9B
$11.8B
Q1 24
$5.8B
$11.9B
Debt / Equity
KEX
KEX
NXST
NXST
Q4 25
0.27×
3.07×
Q3 25
0.31×
2.78×
Q2 25
0.33×
2.83×
Q1 25
0.33×
2.89×
Q4 24
0.26×
2.89×
Q3 24
0.30×
3.02×
Q2 24
0.32×
2.99×
Q1 24
0.33×
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
KEX
KEX
NXST
NXST
Operating Cash FlowLast quarter
$312.2M
$190.0M
Free Cash FlowOCF − Capex
$265.2M
$136.0M
FCF MarginFCF / Revenue
31.1%
10.6%
Capex IntensityCapex / Revenue
5.5%
4.2%
Cash ConversionOCF / Net Profit
3.40×
TTM Free Cash FlowTrailing 4 quarters
$405.7M
$743.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEX
KEX
NXST
NXST
Q4 25
$312.2M
$190.0M
Q3 25
$227.5M
$117.0M
Q2 25
$93.9M
$247.0M
Q1 25
$36.5M
$337.0M
Q4 24
$247.4M
$411.0M
Q3 24
$206.5M
$387.0M
Q2 24
$179.3M
$176.0M
Q1 24
$123.3M
$276.0M
Free Cash Flow
KEX
KEX
NXST
NXST
Q4 25
$265.2M
$136.0M
Q3 25
$160.3M
$87.0M
Q2 25
$22.4M
$218.0M
Q1 25
$-42.1M
$302.0M
Q4 24
$150.7M
$376.0M
Q3 24
$130.1M
$358.0M
Q2 24
$90.8M
$139.0M
Q1 24
$42.2M
$232.0M
FCF Margin
KEX
KEX
NXST
NXST
Q4 25
31.1%
10.6%
Q3 25
18.4%
7.3%
Q2 25
2.6%
17.7%
Q1 25
-5.4%
24.5%
Q4 24
18.8%
25.3%
Q3 24
15.7%
26.2%
Q2 24
11.0%
11.0%
Q1 24
5.2%
18.1%
Capex Intensity
KEX
KEX
NXST
NXST
Q4 25
5.5%
4.2%
Q3 25
7.7%
2.5%
Q2 25
8.4%
2.4%
Q1 25
10.0%
2.8%
Q4 24
12.0%
2.4%
Q3 24
9.2%
2.1%
Q2 24
10.7%
2.9%
Q1 24
10.0%
3.4%
Cash Conversion
KEX
KEX
NXST
NXST
Q4 25
3.40×
Q3 25
2.46×
1.67×
Q2 25
1.00×
2.55×
Q1 25
0.48×
3.12×
Q4 24
5.78×
1.70×
Q3 24
2.30×
2.07×
Q2 24
2.14×
1.49×
Q1 24
1.76×
1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KEX
KEX

Inland Transportation$379.2M45%
Power Generation$191.1M22%
Commercial And Industrial$149.4M18%
Coastal Transportation$102.5M12%
Oil And Gas$29.6M3%

NXST
NXST

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

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