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Side-by-side financial comparison of NEXSTAR MEDIA GROUP, INC. (NXST) and TUTOR PERINI CORP (TPC). Click either name above to swap in a different company.

TUTOR PERINI CORP is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.2× NEXSTAR MEDIA GROUP, INC.). TUTOR PERINI CORP runs the higher net margin — 1.9% vs -12.9%, a 14.8% gap on every dollar of revenue. On growth, TUTOR PERINI CORP posted the faster year-over-year revenue change (41.2% vs -13.4%). NEXSTAR MEDIA GROUP, INC. produced more free cash flow last quarter ($136.0M vs $98.7M). Over the past eight quarters, TUTOR PERINI CORP's revenue compounded faster (19.9% 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...

Tutor Perini Corporation is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2024, it reported annual revenue of approximately $4.33 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infra...

NXST vs TPC — Head-to-Head

Bigger by revenue
TPC
TPC
1.2× larger
TPC
$1.5B
$1.3B
NXST
Growing faster (revenue YoY)
TPC
TPC
+54.6% gap
TPC
41.2%
-13.4%
NXST
Higher net margin
TPC
TPC
14.8% more per $
TPC
1.9%
-12.9%
NXST
More free cash flow
NXST
NXST
$37.3M more FCF
NXST
$136.0M
$98.7M
TPC
Faster 2-yr revenue CAGR
TPC
TPC
Annualised
TPC
19.9%
0.2%
NXST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NXST
NXST
TPC
TPC
Revenue
$1.3B
$1.5B
Net Profit
$-166.0M
$28.8M
Gross Margin
9.8%
Operating Margin
18.7%
3.3%
Net Margin
-12.9%
1.9%
Revenue YoY
-13.4%
41.2%
Net Profit YoY
-168.6%
136.3%
EPS (diluted)
$-5.57
$0.53

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
TPC
TPC
Q4 25
$1.3B
$1.5B
Q3 25
$1.2B
$1.4B
Q2 25
$1.2B
$1.4B
Q1 25
$1.2B
$1.2B
Q4 24
$1.5B
$1.1B
Q3 24
$1.4B
$1.1B
Q2 24
$1.3B
$1.1B
Q1 24
$1.3B
$1.0B
Net Profit
NXST
NXST
TPC
TPC
Q4 25
$-166.0M
$28.8M
Q3 25
$70.0M
$3.6M
Q2 25
$97.0M
$20.0M
Q1 25
$108.0M
$28.0M
Q4 24
$242.0M
$-79.4M
Q3 24
$187.0M
$-100.9M
Q2 24
$118.0M
$812.0K
Q1 24
$175.0M
$15.8M
Gross Margin
NXST
NXST
TPC
TPC
Q4 25
9.8%
Q3 25
12.0%
Q2 25
14.3%
Q1 25
10.8%
Q4 24
-0.9%
Q3 24
-2.4%
Q2 24
10.4%
Q1 24
11.0%
Operating Margin
NXST
NXST
TPC
TPC
Q4 25
18.7%
3.3%
Q3 25
14.6%
2.8%
Q2 25
17.3%
5.6%
Q1 25
17.8%
5.2%
Q4 24
28.1%
-8.1%
Q3 24
24.5%
-9.9%
Q2 24
18.9%
3.6%
Q1 24
21.4%
4.7%
Net Margin
NXST
NXST
TPC
TPC
Q4 25
-12.9%
1.9%
Q3 25
5.8%
0.3%
Q2 25
7.9%
1.5%
Q1 25
8.8%
2.2%
Q4 24
16.3%
-7.4%
Q3 24
13.7%
-9.3%
Q2 24
9.3%
0.1%
Q1 24
13.6%
1.5%
EPS (diluted)
NXST
NXST
TPC
TPC
Q4 25
$-5.57
$0.53
Q3 25
$2.14
$0.07
Q2 25
$3.06
$0.38
Q1 25
$3.37
$0.53
Q4 24
$7.44
$-1.53
Q3 24
$5.27
$-1.92
Q2 24
$3.54
$0.02
Q1 24
$5.16
$0.30

Balance Sheet & Financial Strength

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

Metric
NXST
NXST
TPC
TPC
Cash + ST InvestmentsLiquidity on hand
$280.0M
$734.6M
Total DebtLower is stronger
$6.3B
$407.4M
Stockholders' EquityBook value
$2.1B
$1.2B
Total Assets
$10.8B
$5.2B
Debt / EquityLower = less leverage
3.07×
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXST
NXST
TPC
TPC
Q4 25
$280.0M
$734.6M
Q3 25
$236.0M
$695.7M
Q2 25
$234.0M
$526.1M
Q1 25
$253.0M
$276.5M
Q4 24
$144.0M
$455.1M
Q3 24
$181.0M
$287.4M
Q2 24
$146.0M
$267.1M
Q1 24
$237.0M
$358.3M
Total Debt
NXST
NXST
TPC
TPC
Q4 25
$6.3B
$407.4M
Q3 25
$6.4B
$413.1M
Q2 25
$6.4B
$419.4M
Q1 25
$6.5B
$405.6M
Q4 24
$6.5B
$534.1M
Q3 24
$6.7B
$681.4M
Q2 24
$6.8B
$676.4M
Q1 24
$6.8B
$801.2M
Stockholders' Equity
NXST
NXST
TPC
TPC
Q4 25
$2.1B
$1.2B
Q3 25
$2.3B
$1.2B
Q2 25
$2.3B
$1.2B
Q1 25
$2.2B
$1.2B
Q4 24
$2.3B
$1.1B
Q3 24
$2.2B
$1.2B
Q2 24
$2.3B
$1.3B
Q1 24
$2.3B
$1.3B
Total Assets
NXST
NXST
TPC
TPC
Q4 25
$10.8B
$5.2B
Q3 25
$11.2B
$5.2B
Q2 25
$11.3B
$4.9B
Q1 25
$11.4B
$4.5B
Q4 24
$11.5B
$4.2B
Q3 24
$11.7B
$4.4B
Q2 24
$11.8B
$4.3B
Q1 24
$11.9B
$4.4B
Debt / Equity
NXST
NXST
TPC
TPC
Q4 25
3.07×
0.33×
Q3 25
2.78×
0.35×
Q2 25
2.83×
0.35×
Q1 25
2.89×
0.35×
Q4 24
2.89×
0.47×
Q3 24
3.02×
0.56×
Q2 24
2.99×
0.52×
Q1 24
2.93×
0.61×

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
TPC
TPC
Operating Cash FlowLast quarter
$190.0M
$173.7M
Free Cash FlowOCF − Capex
$136.0M
$98.7M
FCF MarginFCF / Revenue
10.6%
6.5%
Capex IntensityCapex / Revenue
4.2%
5.0%
Cash ConversionOCF / Net Profit
6.02×
TTM Free Cash FlowTrailing 4 quarters
$743.0M
$567.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NXST
NXST
TPC
TPC
Q4 25
$190.0M
$173.7M
Q3 25
$117.0M
$289.1M
Q2 25
$247.0M
$262.4M
Q1 25
$337.0M
$22.9M
Q4 24
$411.0M
$329.6M
Q3 24
$387.0M
$22.6M
Q2 24
$176.0M
$53.1M
Q1 24
$276.0M
$98.3M
Free Cash Flow
NXST
NXST
TPC
TPC
Q4 25
$136.0M
$98.7M
Q3 25
$87.0M
$240.2M
Q2 25
$218.0M
$235.6M
Q1 25
$302.0M
$-7.2M
Q4 24
$376.0M
$320.4M
Q3 24
$358.0M
$15.6M
Q2 24
$139.0M
$42.2M
Q1 24
$232.0M
$87.8M
FCF Margin
NXST
NXST
TPC
TPC
Q4 25
10.6%
6.5%
Q3 25
7.3%
17.0%
Q2 25
17.7%
17.1%
Q1 25
24.5%
-0.6%
Q4 24
25.3%
30.0%
Q3 24
26.2%
1.4%
Q2 24
11.0%
3.7%
Q1 24
18.1%
8.4%
Capex Intensity
NXST
NXST
TPC
TPC
Q4 25
4.2%
5.0%
Q3 25
2.5%
3.5%
Q2 25
2.4%
2.0%
Q1 25
2.8%
2.4%
Q4 24
2.4%
0.9%
Q3 24
2.1%
0.6%
Q2 24
2.9%
1.0%
Q1 24
3.4%
1.0%
Cash Conversion
NXST
NXST
TPC
TPC
Q4 25
6.02×
Q3 25
1.67×
79.63×
Q2 25
2.55×
13.14×
Q1 25
3.12×
0.82×
Q4 24
1.70×
Q3 24
2.07×
Q2 24
1.49×
65.44×
Q1 24
1.58×
6.24×

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%

TPC
TPC

State And Local Agencies$591.1M39%
Mass Transit$449.9M30%
Federal Agencies$115.0M8%
Bridges$100.5M7%
Military Facilities$93.1M6%
Commercial And Industrial Facilities$46.7M3%
Detention Facilities$43.8M3%
Power And Energy$35.8M2%
Multi Unit Residential$25.9M2%
Education Facilities$12.0M1%
Water$3.6M0%

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