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自由媒体集团（FWONA）与NEXSTAR MEDIA GROUP, INC.（NXST）财务数据对比。点击上方公司名可切换其他公司
自由媒体集团的季度营收约是NEXSTAR MEDIA GROUP, INC.的1.2倍（$1.6B vs $1.3B）。自由媒体集团净利率更高（20.7% vs -12.9%，领先33.6%）。自由媒体集团同比增速更快（150.7% vs -13.4%）。NEXSTAR MEDIA GROUP, INC.自由现金流更多（$136.0M vs $62.0M）。过去两年NEXSTAR MEDIA GROUP, INC.的营收复合增速更高（0.2% vs -23.5%）
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
Nexstar Media Group, Inc.是美国上市传媒企业，总部设于得克萨斯州欧文、曼哈顿中城及芝加哥，1996年6月17日成立。作为美国规模最大的电视台运营商，集团在全美共拥有197家电视台，多数为美国四大广播电视网及MyNetworkTV附属台，覆盖从纽约到得州圣安杰洛等不同规模的市场。
FWONA vs NXST — 直观对比
营收规模更大
FWONA
是对方的1.2倍
$1.3B
营收增速更快
FWONA
高出164.1%
-13.4%
净利率更高
FWONA
高出33.6%
-12.9%
自由现金流更多
NXST
多$74.0M
$62.0M
两年增速更快
NXST
近两年复合增速
-23.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $333.0M | $-166.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | 18.7% |
| 净利率 | 20.7% | -12.9% |
| 营收同比 | 150.7% | -13.4% |
| 净利润同比 | 193.8% | -168.6% |
| 每股收益（稀释后） | — | $-5.57 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FWONANXST
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $447.0M | $1.2B | ||
| Q4 24 | $-3.2B | $1.5B | ||
| Q3 24 | $911.0M | $1.4B | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $2.7B | $1.3B |
净利润FWONANXST
| Q4 25 | $333.0M | $-166.0M | ||
| Q3 25 | $13.0M | $70.0M | ||
| Q2 25 | $204.0M | $97.0M | ||
| Q1 25 | $5.0M | $108.0M | ||
| Q4 24 | $-355.0M | $242.0M | ||
| Q3 24 | $-2.4B | $187.0M | ||
| Q2 24 | $457.0M | $118.0M | ||
| Q1 24 | $203.0M | $175.0M |
营业利润率FWONANXST
| Q4 25 | 14.0% | 18.7% | ||
| Q3 25 | 13.7% | 14.6% | ||
| Q2 25 | 20.4% | 17.3% | ||
| Q1 25 | -15.9% | 17.8% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | 11.7% | 24.5% | ||
| Q2 24 | 16.7% | 18.9% | ||
| Q1 24 | 18.3% | 21.4% |
净利率FWONANXST
| Q4 25 | 20.7% | -12.9% | ||
| Q3 25 | 1.2% | 5.8% | ||
| Q2 25 | 15.2% | 7.9% | ||
| Q1 25 | 1.1% | 8.8% | ||
| Q4 24 | 11.2% | 16.3% | ||
| Q3 24 | -259.9% | 13.7% | ||
| Q2 24 | 14.4% | 9.3% | ||
| Q1 24 | 7.4% | 13.6% |
每股收益（稀释后）FWONANXST
| Q4 25 | — | $-5.57 | ||
| Q3 25 | — | $2.14 | ||
| Q2 25 | — | $3.06 | ||
| Q1 25 | — | $3.37 | ||
| Q4 24 | — | $7.44 | ||
| Q3 24 | — | $5.27 | ||
| Q2 24 | — | $3.54 | ||
| Q1 24 | — | $5.16 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $280.0M |
| 总债务越低越好 | $5.1B | $6.3B |
| 股东权益账面价值 | $7.8B | $2.1B |
| 总资产 | $15.4B | $10.8B |
| 负债/权益比越低杠杆越低 | 0.66× | 3.07× |
8季度趋势，按日历期对齐
现金及短期投资FWONANXST
| Q4 25 | $1.1B | $280.0M | ||
| Q3 25 | $1.6B | $236.0M | ||
| Q2 25 | $3.4B | $234.0M | ||
| Q1 25 | $3.1B | $253.0M | ||
| Q4 24 | $3.0B | $144.0M | ||
| Q3 24 | $3.1B | $181.0M | ||
| Q2 24 | $2.1B | $146.0M | ||
| Q1 24 | $1.7B | $237.0M |
总债务FWONANXST
| Q4 25 | $5.1B | $6.3B | ||
| Q3 25 | $7.0B | $6.4B | ||
| Q2 25 | $4.8B | $6.4B | ||
| Q1 25 | $4.6B | $6.5B | ||
| Q4 24 | $4.5B | $6.5B | ||
| Q3 24 | $4.4B | $6.7B | ||
| Q2 24 | $15.0B | $6.8B | ||
| Q1 24 | $15.4B | $6.8B |
股东权益FWONANXST
| Q4 25 | $7.8B | $2.1B | ||
| Q3 25 | $7.4B | $2.3B | ||
| Q2 25 | $7.3B | $2.3B | ||
| Q1 25 | $7.0B | $2.2B | ||
| Q4 24 | $7.0B | $2.3B | ||
| Q3 24 | $7.4B | $2.2B | ||
| Q2 24 | $17.1B | $2.3B | ||
| Q1 24 | $16.6B | $2.3B |
总资产FWONANXST
| Q4 25 | $15.4B | $10.8B | ||
| Q3 25 | $17.8B | $11.2B | ||
| Q2 25 | $13.8B | $11.3B | ||
| Q1 25 | $13.3B | $11.4B | ||
| Q4 24 | $12.9B | $11.5B | ||
| Q3 24 | $13.2B | $11.7B | ||
| Q2 24 | $42.6B | $11.8B | ||
| Q1 24 | $42.4B | $11.9B |
负债/权益比FWONANXST
| Q4 25 | 0.66× | 3.07× | ||
| Q3 25 | 0.95× | 2.78× | ||
| Q2 25 | 0.65× | 2.83× | ||
| Q1 25 | 0.65× | 2.89× | ||
| Q4 24 | 0.65× | 2.89× | ||
| Q3 24 | 0.59× | 3.02× | ||
| Q2 24 | 0.88× | 2.99× | ||
| Q1 24 | 0.93× | 2.93× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $123.0M | $190.0M |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $136.0M |
| 自由现金流率自由现金流/营收 | 3.9% | 10.6% |
| 资本支出强度资本支出/营收 | 3.8% | 4.2% |
| 现金转化率经营现金流/净利润 | 0.37× | — |
| 过去12个月自由现金流最近4个季度 | $789.0M | $743.0M |
8季度趋势，按日历期对齐
经营现金流FWONANXST
| Q4 25 | $123.0M | $190.0M | ||
| Q3 25 | $173.0M | $117.0M | ||
| Q2 25 | $231.0M | $247.0M | ||
| Q1 25 | $381.0M | $337.0M | ||
| Q4 24 | $-23.0M | $411.0M | ||
| Q3 24 | $182.0M | $387.0M | ||
| Q2 24 | $752.0M | $176.0M | ||
| Q1 24 | $395.0M | $276.0M |
自由现金流FWONANXST
| Q4 25 | $62.0M | $136.0M | ||
| Q3 25 | $170.0M | $87.0M | ||
| Q2 25 | $209.0M | $218.0M | ||
| Q1 25 | $348.0M | $302.0M | ||
| Q4 24 | $-46.0M | $376.0M | ||
| Q3 24 | $-153.0M | $358.0M | ||
| Q2 24 | $566.0M | $139.0M | ||
| Q1 24 | $194.0M | $232.0M |
自由现金流率FWONANXST
| Q4 25 | 3.9% | 10.6% | ||
| Q3 25 | 15.7% | 7.3% | ||
| Q2 25 | 15.6% | 17.7% | ||
| Q1 25 | 77.9% | 24.5% | ||
| Q4 24 | 1.4% | 25.3% | ||
| Q3 24 | -16.8% | 26.2% | ||
| Q2 24 | 17.9% | 11.0% | ||
| Q1 24 | 7.1% | 18.1% |
资本支出强度FWONANXST
| Q4 25 | 3.8% | 4.2% | ||
| Q3 25 | 0.3% | 2.5% | ||
| Q2 25 | 1.6% | 2.4% | ||
| Q1 25 | 7.4% | 2.8% | ||
| Q4 24 | -0.7% | 2.4% | ||
| Q3 24 | 36.8% | 2.1% | ||
| Q2 24 | 5.9% | 2.9% | ||
| Q1 24 | 7.3% | 3.4% |
现金转化率FWONANXST
| Q4 25 | 0.37× | — | ||
| Q3 25 | 13.31× | 1.67× | ||
| Q2 25 | 1.13× | 2.55× | ||
| Q1 25 | 76.20× | 3.12× | ||
| Q4 24 | — | 1.70× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | 1.65× | 1.49× | ||
| Q1 24 | 1.95× | 1.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
