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Side-by-side financial comparison of LEVI STRAUSS & CO (LEVI) and NEXSTAR MEDIA GROUP, INC. (NXST). Click either name above to swap in a different company.

LEVI STRAUSS & CO is the larger business by last-quarter revenue ($1.8B vs $1.3B, roughly 1.4× NEXSTAR MEDIA GROUP, INC.). LEVI STRAUSS & CO runs the higher net margin — 8.9% vs -12.9%, a 21.8% gap on every dollar of revenue. On growth, LEVI STRAUSS & CO posted the faster year-over-year revenue change (-4.0% vs -13.4%). LEVI STRAUSS & CO produced more free cash flow last quarter ($215.7M vs $136.0M). Over the past eight quarters, LEVI STRAUSS & CO's revenue compounded faster (6.5% CAGR vs 0.2%).

Levi Strauss & Co. is an American clothing company known worldwide for its Levi's brand of denim jeans. It was founded in May 1853 when German-Jewish immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California, to open a West Coast branch of his brothers' New York dry goods business. Although the corporation is registered in Delaware, the company's corporate headquarters is located in Levi's Plaza in San Francisco.

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...

LEVI vs NXST — Head-to-Head

Bigger by revenue
LEVI
LEVI
1.4× larger
LEVI
$1.8B
$1.3B
NXST
Growing faster (revenue YoY)
LEVI
LEVI
+9.4% gap
LEVI
-4.0%
-13.4%
NXST
Higher net margin
LEVI
LEVI
21.8% more per $
LEVI
8.9%
-12.9%
NXST
More free cash flow
LEVI
LEVI
$79.7M more FCF
LEVI
$215.7M
$136.0M
NXST
Faster 2-yr revenue CAGR
LEVI
LEVI
Annualised
LEVI
6.5%
0.2%
NXST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LEVI
LEVI
NXST
NXST
Revenue
$1.8B
$1.3B
Net Profit
$158.0M
$-166.0M
Gross Margin
60.8%
Operating Margin
11.9%
18.7%
Net Margin
8.9%
-12.9%
Revenue YoY
-4.0%
-13.4%
Net Profit YoY
-13.4%
-168.6%
EPS (diluted)
$0.39
$-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
LEVI
LEVI
NXST
NXST
Q4 25
$1.8B
$1.3B
Q3 25
$1.5B
$1.2B
Q2 25
$1.4B
$1.2B
Q1 25
$1.5B
$1.2B
Q4 24
$1.8B
$1.5B
Q3 24
$1.5B
$1.4B
Q2 24
$1.4B
$1.3B
Q1 24
$1.6B
$1.3B
Net Profit
LEVI
LEVI
NXST
NXST
Q4 25
$158.0M
$-166.0M
Q3 25
$218.1M
$70.0M
Q2 25
$67.0M
$97.0M
Q1 25
$135.0M
$108.0M
Q4 24
$182.5M
$242.0M
Q3 24
$20.7M
$187.0M
Q2 24
$18.0M
$118.0M
Q1 24
$-10.6M
$175.0M
Gross Margin
LEVI
LEVI
NXST
NXST
Q4 25
60.8%
Q3 25
61.7%
Q2 25
62.6%
Q1 25
62.1%
Q4 24
61.3%
Q3 24
60.0%
Q2 24
60.5%
Q1 24
58.2%
Operating Margin
LEVI
LEVI
NXST
NXST
Q4 25
11.9%
18.7%
Q3 25
10.8%
14.6%
Q2 25
7.5%
17.3%
Q1 25
12.5%
17.8%
Q4 24
11.5%
28.1%
Q3 24
2.0%
24.5%
Q2 24
1.5%
18.9%
Q1 24
-0.0%
21.4%
Net Margin
LEVI
LEVI
NXST
NXST
Q4 25
8.9%
-12.9%
Q3 25
14.1%
5.8%
Q2 25
4.6%
7.9%
Q1 25
8.8%
8.8%
Q4 24
9.9%
16.3%
Q3 24
1.4%
13.7%
Q2 24
1.2%
9.3%
Q1 24
-0.7%
13.6%
EPS (diluted)
LEVI
LEVI
NXST
NXST
Q4 25
$0.39
$-5.57
Q3 25
$0.55
$2.14
Q2 25
$0.17
$3.06
Q1 25
$0.34
$3.37
Q4 24
$0.46
$7.44
Q3 24
$0.05
$5.27
Q2 24
$0.04
$3.54
Q1 24
$-0.03
$5.16

Balance Sheet & Financial Strength

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

Metric
LEVI
LEVI
NXST
NXST
Cash + ST InvestmentsLiquidity on hand
$848.8M
$280.0M
Total DebtLower is stronger
$1.1B
$6.3B
Stockholders' EquityBook value
$2.3B
$2.1B
Total Assets
$6.8B
$10.8B
Debt / EquityLower = less leverage
0.46×
3.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEVI
LEVI
NXST
NXST
Q4 25
$848.8M
$280.0M
Q3 25
$707.5M
$236.0M
Q2 25
$736.7M
$234.0M
Q1 25
$574.4M
$253.0M
Q4 24
$690.0M
$144.0M
Q3 24
$577.1M
$181.0M
Q2 24
$641.4M
$146.0M
Q1 24
$516.7M
$237.0M
Total Debt
LEVI
LEVI
NXST
NXST
Q4 25
$1.1B
$6.3B
Q3 25
$1.0B
$6.4B
Q2 25
$1.0B
$6.4B
Q1 25
$987.4M
$6.5B
Q4 24
$994.0M
$6.5B
Q3 24
$1.0B
$6.7B
Q2 24
$1.0B
$6.8B
Q1 24
$1.0B
$6.8B
Stockholders' Equity
LEVI
LEVI
NXST
NXST
Q4 25
$2.3B
$2.1B
Q3 25
$2.2B
$2.3B
Q2 25
$2.1B
$2.3B
Q1 25
$2.0B
$2.2B
Q4 24
$2.0B
$2.3B
Q3 24
$1.9B
$2.2B
Q2 24
$2.0B
$2.3B
Q1 24
$2.0B
$2.3B
Total Assets
LEVI
LEVI
NXST
NXST
Q4 25
$6.8B
$10.8B
Q3 25
$6.7B
$11.2B
Q2 25
$6.5B
$11.3B
Q1 25
$6.2B
$11.4B
Q4 24
$6.4B
$11.5B
Q3 24
$6.3B
$11.7B
Q2 24
$6.2B
$11.8B
Q1 24
$6.0B
$11.9B
Debt / Equity
LEVI
LEVI
NXST
NXST
Q4 25
0.46×
3.07×
Q3 25
0.48×
2.78×
Q2 25
0.49×
2.83×
Q1 25
0.49×
2.89×
Q4 24
0.50×
2.89×
Q3 24
0.54×
3.02×
Q2 24
0.51×
2.99×
Q1 24
0.51×
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
LEVI
LEVI
NXST
NXST
Operating Cash FlowLast quarter
$266.8M
$190.0M
Free Cash FlowOCF − Capex
$215.7M
$136.0M
FCF MarginFCF / Revenue
12.2%
10.6%
Capex IntensityCapex / Revenue
2.9%
4.2%
Cash ConversionOCF / Net Profit
1.69×
TTM Free Cash FlowTrailing 4 quarters
$308.2M
$743.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEVI
LEVI
NXST
NXST
Q4 25
$266.8M
$190.0M
Q3 25
$24.8M
$117.0M
Q2 25
$185.5M
$247.0M
Q1 25
$52.5M
$337.0M
Q4 24
$297.3M
$411.0M
Q3 24
$52.3M
$387.0M
Q2 24
$262.8M
$176.0M
Q1 24
$286.0M
$276.0M
Free Cash Flow
LEVI
LEVI
NXST
NXST
Q4 25
$215.7M
$136.0M
Q3 25
$-39.4M
$87.0M
Q2 25
$146.0M
$218.0M
Q1 25
$-14.1M
$302.0M
Q4 24
$231.6M
$376.0M
Q3 24
$2.3M
$358.0M
Q2 24
$222.6M
$139.0M
Q1 24
$214.4M
$232.0M
FCF Margin
LEVI
LEVI
NXST
NXST
Q4 25
12.2%
10.6%
Q3 25
-2.6%
7.3%
Q2 25
10.1%
17.7%
Q1 25
-0.9%
24.5%
Q4 24
12.6%
25.3%
Q3 24
0.2%
26.2%
Q2 24
15.4%
11.0%
Q1 24
13.8%
18.1%
Capex Intensity
LEVI
LEVI
NXST
NXST
Q4 25
2.9%
4.2%
Q3 25
4.2%
2.5%
Q2 25
2.7%
2.4%
Q1 25
4.4%
2.8%
Q4 24
3.6%
2.4%
Q3 24
3.3%
2.1%
Q2 24
2.8%
2.9%
Q1 24
4.6%
3.4%
Cash Conversion
LEVI
LEVI
NXST
NXST
Q4 25
1.69×
Q3 25
0.11×
1.67×
Q2 25
2.77×
2.55×
Q1 25
0.39×
3.12×
Q4 24
1.63×
1.70×
Q3 24
2.53×
2.07×
Q2 24
14.60×
1.49×
Q1 24
1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LEVI
LEVI

Other$760.3M43%
Sales Channel Through Intermediary$583.2M33%
Sales Channel Directly To Consumer$376.0M21%
Beyond Yoga$46.3M3%

NXST
NXST

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

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