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

StandardAero, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.2× NEXSTAR MEDIA GROUP, INC.). StandardAero, Inc. runs the higher net margin — 4.9% vs -12.9%, a 17.8% gap on every dollar of revenue. On growth, StandardAero, Inc. posted the faster year-over-year revenue change (13.5% vs -13.4%). StandardAero, Inc. produced more free cash flow last quarter ($307.3M vs $136.0M). Over the past eight quarters, StandardAero, Inc.'s revenue compounded faster (13.8% CAGR vs 0.2%).

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...

StandardAero, Inc. is an American maintenance, repair and overhaul (MRO) provider based in Scottsdale, Arizona.

NXST vs SARO — Head-to-Head

Bigger by revenue
SARO
SARO
1.2× larger
SARO
$1.6B
$1.3B
NXST
Growing faster (revenue YoY)
SARO
SARO
+26.9% gap
SARO
13.5%
-13.4%
NXST
Higher net margin
SARO
SARO
17.8% more per $
SARO
4.9%
-12.9%
NXST
More free cash flow
SARO
SARO
$171.3M more FCF
SARO
$307.3M
$136.0M
NXST
Faster 2-yr revenue CAGR
SARO
SARO
Annualised
SARO
13.8%
0.2%
NXST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NXST
NXST
SARO
SARO
Revenue
$1.3B
$1.6B
Net Profit
$-166.0M
$78.6M
Gross Margin
13.8%
Operating Margin
18.7%
9.3%
Net Margin
-12.9%
4.9%
Revenue YoY
-13.4%
13.5%
Net Profit YoY
-168.6%
659.6%
EPS (diluted)
$-5.57
$0.24

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
NXST
NXST
SARO
SARO
Q4 25
$1.3B
$1.6B
Q3 25
$1.2B
$1.5B
Q2 25
$1.2B
$1.5B
Q1 25
$1.2B
$1.4B
Q4 24
$1.5B
$1.4B
Q3 24
$1.4B
$1.2B
Q2 24
$1.3B
$1.3B
Q1 24
$1.3B
$1.2B
Net Profit
NXST
NXST
SARO
SARO
Q4 25
$-166.0M
$78.6M
Q3 25
$70.0M
$68.1M
Q2 25
$97.0M
$67.7M
Q1 25
$108.0M
$62.9M
Q4 24
$242.0M
$-14.1M
Q3 24
$187.0M
$16.4M
Q2 24
$118.0M
$5.4M
Q1 24
$175.0M
$3.2M
Gross Margin
NXST
NXST
SARO
SARO
Q4 25
13.8%
Q3 25
14.9%
Q2 25
15.4%
Q1 25
15.2%
Q4 24
14.3%
Q3 24
15.0%
Q2 24
13.7%
Q1 24
14.7%
Operating Margin
NXST
NXST
SARO
SARO
Q4 25
18.7%
9.3%
Q3 25
14.6%
9.2%
Q2 25
17.3%
8.9%
Q1 25
17.8%
9.0%
Q4 24
28.1%
6.7%
Q3 24
24.5%
7.9%
Q2 24
18.9%
7.8%
Q1 24
21.4%
8.5%
Net Margin
NXST
NXST
SARO
SARO
Q4 25
-12.9%
4.9%
Q3 25
5.8%
4.5%
Q2 25
7.9%
4.4%
Q1 25
8.8%
4.4%
Q4 24
16.3%
-1.0%
Q3 24
13.7%
1.3%
Q2 24
9.3%
0.4%
Q1 24
13.6%
0.3%
EPS (diluted)
NXST
NXST
SARO
SARO
Q4 25
$-5.57
$0.24
Q3 25
$2.14
$0.20
Q2 25
$3.06
$0.20
Q1 25
$3.37
$0.19
Q4 24
$7.44
$-0.05
Q3 24
$5.27
$0.06
Q2 24
$3.54
$0.02
Q1 24
$5.16
$0.01

Balance Sheet & Financial Strength

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

Metric
NXST
NXST
SARO
SARO
Cash + ST InvestmentsLiquidity on hand
$280.0M
Total DebtLower is stronger
$6.3B
$2.2B
Stockholders' EquityBook value
$2.1B
$2.7B
Total Assets
$10.8B
$6.6B
Debt / EquityLower = less leverage
3.07×
0.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXST
NXST
SARO
SARO
Q4 25
$280.0M
Q3 25
$236.0M
Q2 25
$234.0M
Q1 25
$253.0M
Q4 24
$144.0M
Q3 24
$181.0M
Q2 24
$146.0M
Q1 24
$237.0M
Total Debt
NXST
NXST
SARO
SARO
Q4 25
$6.3B
$2.2B
Q3 25
$6.4B
$2.3B
Q2 25
$6.4B
$2.3B
Q1 25
$6.5B
$2.3B
Q4 24
$6.5B
$2.2B
Q3 24
$6.7B
$3.4B
Q2 24
$6.8B
Q1 24
$6.8B
Stockholders' Equity
NXST
NXST
SARO
SARO
Q4 25
$2.1B
$2.7B
Q3 25
$2.3B
$2.6B
Q2 25
$2.3B
$2.5B
Q1 25
$2.2B
$2.4B
Q4 24
$2.3B
$2.4B
Q3 24
$2.2B
$1.2B
Q2 24
$2.3B
$1.2B
Q1 24
$2.3B
$1.2B
Total Assets
NXST
NXST
SARO
SARO
Q4 25
$10.8B
$6.6B
Q3 25
$11.2B
$6.6B
Q2 25
$11.3B
$6.5B
Q1 25
$11.4B
$6.5B
Q4 24
$11.5B
$6.2B
Q3 24
$11.7B
$6.1B
Q2 24
$11.8B
Q1 24
$11.9B
Debt / Equity
NXST
NXST
SARO
SARO
Q4 25
3.07×
0.83×
Q3 25
2.78×
0.90×
Q2 25
2.83×
0.92×
Q1 25
2.89×
0.96×
Q4 24
2.89×
0.94×
Q3 24
3.02×
2.94×
Q2 24
2.99×
Q1 24
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
NXST
NXST
SARO
SARO
Operating Cash FlowLast quarter
$190.0M
$323.0M
Free Cash FlowOCF − Capex
$136.0M
$307.3M
FCF MarginFCF / Revenue
10.6%
19.2%
Capex IntensityCapex / Revenue
4.2%
1.0%
Cash ConversionOCF / Net Profit
4.11×
TTM Free Cash FlowTrailing 4 quarters
$743.0M
$234.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NXST
NXST
SARO
SARO
Q4 25
$190.0M
$323.0M
Q3 25
$117.0M
$14.8M
Q2 25
$247.0M
$2.9M
Q1 25
$337.0M
$-24.0M
Q4 24
$411.0M
Q3 24
$387.0M
$-13.9M
Q2 24
$176.0M
Q1 24
$276.0M
$-83.6M
Free Cash Flow
NXST
NXST
SARO
SARO
Q4 25
$136.0M
$307.3M
Q3 25
$87.0M
$-4.7M
Q2 25
$218.0M
$-19.0M
Q1 25
$302.0M
$-49.3M
Q4 24
$376.0M
Q3 24
$358.0M
$-39.2M
Q2 24
$139.0M
Q1 24
$232.0M
$-102.0M
FCF Margin
NXST
NXST
SARO
SARO
Q4 25
10.6%
19.2%
Q3 25
7.3%
-0.3%
Q2 25
17.7%
-1.2%
Q1 25
24.5%
-3.4%
Q4 24
25.3%
Q3 24
26.2%
-3.1%
Q2 24
11.0%
Q1 24
18.1%
-8.3%
Capex Intensity
NXST
NXST
SARO
SARO
Q4 25
4.2%
1.0%
Q3 25
2.5%
1.3%
Q2 25
2.4%
1.4%
Q1 25
2.8%
1.8%
Q4 24
2.4%
Q3 24
2.1%
2.0%
Q2 24
2.9%
Q1 24
3.4%
1.5%
Cash Conversion
NXST
NXST
SARO
SARO
Q4 25
4.11×
Q3 25
1.67×
0.22×
Q2 25
2.55×
0.04×
Q1 25
3.12×
-0.38×
Q4 24
1.70×
Q3 24
2.07×
-0.84×
Q2 24
1.49×
Q1 24
1.58×
-26.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NXST
NXST

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

SARO
SARO

Commercial Aerospace$1.0B63%
Business Aviation$266.2M17%
Military And Helicopter$262.0M16%
Other$68.1M4%

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