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Side-by-side financial comparison of Lightspeed Commerce Inc. (LSPD) 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 $823.4M, roughly 1.7× Lightspeed Commerce Inc.). NEXSTAR MEDIA GROUP, INC. runs the higher net margin — 11.5% vs -11.1%, a 22.5% gap on every dollar of revenue. Over the past eight quarters, Lightspeed Commerce Inc.'s revenue compounded faster (89.1% CAGR vs 4.9%).

Lightspeed Commerce is a point-of-sale and e-commerce software provider based in Montreal, Quebec, Canada. It was founded in 2005 by Dax da Silva, who was its CEO until February 2022. It has offices in Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent, Melbourne, Ulyanovsk, Yerevan and Tbilisi. It offers its services to retail, restaurant, and hospitality businesses.

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...

LSPD vs NXST — Head-to-Head

Bigger by revenue
NXST
NXST
1.7× larger
NXST
$1.4B
$823.4M
LSPD
Higher net margin
NXST
NXST
22.5% more per $
NXST
11.5%
-11.1%
LSPD
Faster 2-yr revenue CAGR
LSPD
LSPD
Annualised
LSPD
89.1%
4.9%
NXST

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
LSPD
LSPD
NXST
NXST
Revenue
$823.4M
$1.4B
Net Profit
$-91.3M
$160.0M
Gross Margin
41.1%
Operating Margin
-14.1%
0.0%
Net Margin
-11.1%
11.5%
Revenue YoY
13.1%
Net Profit YoY
146.5%
EPS (diluted)

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
LSPD
LSPD
NXST
NXST
Q1 26
$1.4B
Q4 25
$823.4M
$1.3B
Q3 25
$543.3M
$1.2B
Q2 25
$266.1M
$1.2B
Q1 25
$253.4M
$1.2B
Q4 24
$679.1M
$1.5B
Q3 24
$439.4M
$1.4B
Q2 24
$209.1M
$1.3B
Net Profit
LSPD
LSPD
NXST
NXST
Q1 26
$160.0M
Q4 25
$-91.3M
$-166.0M
Q3 25
$-64.7M
$70.0M
Q2 25
$-35.0M
$97.0M
Q1 25
$-575.9M
$108.0M
Q4 24
$-131.4M
$242.0M
Q3 24
$-91.2M
$187.0M
Q2 24
$-48.7M
$118.0M
Gross Margin
LSPD
LSPD
NXST
NXST
Q1 26
Q4 25
41.1%
Q3 25
41.0%
Q2 25
40.7%
Q1 25
44.1%
Q4 24
42.1%
Q3 24
41.9%
Q2 24
42.0%
Operating Margin
LSPD
LSPD
NXST
NXST
Q1 26
0.0%
Q4 25
-14.1%
18.7%
Q3 25
-15.1%
14.6%
Q2 25
-16.6%
17.3%
Q1 25
-228.9%
17.8%
Q4 24
-23.8%
28.1%
Q3 24
-25.1%
24.5%
Q2 24
-27.9%
18.9%
Net Margin
LSPD
LSPD
NXST
NXST
Q1 26
11.5%
Q4 25
-11.1%
-12.9%
Q3 25
-11.9%
5.8%
Q2 25
-13.2%
7.9%
Q1 25
-227.3%
8.8%
Q4 24
-19.4%
16.3%
Q3 24
-20.8%
13.7%
Q2 24
-23.3%
9.3%
EPS (diluted)
LSPD
LSPD
NXST
NXST
Q1 26
Q4 25
$-5.57
Q3 25
$2.14
Q2 25
$3.06
Q1 25
$0.10
$3.37
Q4 24
$7.44
Q3 24
$5.27
Q2 24
$-0.01
$3.54

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSPD
LSPD
NXST
NXST
Q1 26
$289.0M
Q4 25
$190.0M
Q3 25
$117.0M
Q2 25
$247.0M
Q1 25
$-9.9M
$337.0M
Q4 24
$411.0M
Q3 24
$387.0M
Q2 24
$-26.1M
$176.0M
Free Cash Flow
LSPD
LSPD
NXST
NXST
Q1 26
$267.0M
Q4 25
$136.0M
Q3 25
$87.0M
Q2 25
$218.0M
Q1 25
$302.0M
Q4 24
$376.0M
Q3 24
$358.0M
Q2 24
$139.0M
FCF Margin
LSPD
LSPD
NXST
NXST
Q1 26
19.1%
Q4 25
10.6%
Q3 25
7.3%
Q2 25
17.7%
Q1 25
24.5%
Q4 24
25.3%
Q3 24
26.2%
Q2 24
11.0%
Capex Intensity
LSPD
LSPD
NXST
NXST
Q1 26
1.6%
Q4 25
4.2%
Q3 25
2.5%
Q2 25
2.4%
Q1 25
2.8%
Q4 24
2.4%
Q3 24
2.1%
Q2 24
2.9%
Cash Conversion
LSPD
LSPD
NXST
NXST
Q1 26
1.81×
Q4 25
Q3 25
1.67×
Q2 25
2.55×
Q1 25
3.12×
Q4 24
1.70×
Q3 24
2.07×
Q2 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LSPD
LSPD

Segment breakdown not available.

NXST
NXST

Distribution$837.0M60%
Advertising$548.0M39%

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