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M&T Bank（MTB）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
M&T Bank的季度营收约是NEXSTAR MEDIA GROUP, INC.的1.9倍（$2.5B vs $1.3B），M&T Bank净利率更高（30.7% vs -12.9%，领先43.6%），M&T Bank同比增速更快（3.8% vs -13.4%），过去两年M&T Bank的营收复合增速更高（4.6% vs 0.2%）
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
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。
MTB vs NXST — 直观对比
营收规模更大
MTB
是对方的1.9倍
$1.3B
营收增速更快
MTB
高出17.2%
-13.4%
净利率更高
MTB
高出43.6%
-12.9%
两年增速更快
MTB
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.3B |
| 净利润 | $759.0M | $-166.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | 18.7% |
| 净利率 | 30.7% | -12.9% |
| 营收同比 | 3.8% | -13.4% |
| 净利润同比 | 11.5% | -168.6% |
| 每股收益（稀释后） | $4.62 | $-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MTBNXST
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.4B | $1.5B | ||
| Q3 24 | $2.3B | $1.4B | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.3B | $1.3B |
净利润MTBNXST
| Q4 25 | $759.0M | $-166.0M | ||
| Q3 25 | $792.0M | $70.0M | ||
| Q2 25 | $716.0M | $97.0M | ||
| Q1 25 | $584.0M | $108.0M | ||
| Q4 24 | $681.0M | $242.0M | ||
| Q3 24 | $721.0M | $187.0M | ||
| Q2 24 | $655.0M | $118.0M | ||
| Q1 24 | $531.0M | $175.0M |
营业利润率MTBNXST
| Q4 25 | 39.2% | 18.7% | ||
| Q3 25 | 40.8% | 14.6% | ||
| Q2 25 | 39.0% | 17.3% | ||
| Q1 25 | 33.0% | 17.8% | ||
| Q4 24 | 37.0% | 28.1% | ||
| Q3 24 | 39.0% | 24.5% | ||
| Q2 24 | 37.1% | 18.9% | ||
| Q1 24 | 29.4% | 21.4% |
净利率MTBNXST
| Q4 25 | 30.7% | -12.9% | ||
| Q3 25 | 31.5% | 5.8% | ||
| Q2 25 | 29.9% | 7.9% | ||
| Q1 25 | 25.3% | 8.8% | ||
| Q4 24 | 28.6% | 16.3% | ||
| Q3 24 | 30.9% | 13.7% | ||
| Q2 24 | 28.5% | 9.3% | ||
| Q1 24 | 23.5% | 13.6% |
每股收益（稀释后）MTBNXST
| Q4 25 | $4.62 | $-5.57 | ||
| Q3 25 | $4.82 | $2.14 | ||
| Q2 25 | $4.24 | $3.06 | ||
| Q1 25 | $3.32 | $3.37 | ||
| Q4 24 | $3.87 | $7.44 | ||
| Q3 24 | $4.02 | $5.27 | ||
| Q2 24 | $3.73 | $3.54 | ||
| Q1 24 | $3.02 | $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 | — | $280.0M |
| 总债务越低越好 | $10.9B | $6.3B |
| 股东权益账面价值 | $29.2B | $2.1B |
| 总资产 | $213.5B | $10.8B |
| 负债/权益比越低杠杆越低 | 0.37× | 3.07× |
8季度趋势，按日历期对齐
现金及短期投资MTBNXST
| 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 |
总债务MTBNXST
| Q4 25 | $10.9B | $6.3B | ||
| Q3 25 | $12.9B | $6.4B | ||
| Q2 25 | $12.4B | $6.4B | ||
| Q1 25 | $10.5B | $6.5B | ||
| Q4 24 | $12.6B | $6.5B | ||
| Q3 24 | $11.6B | $6.7B | ||
| Q2 24 | $11.3B | $6.8B | ||
| Q1 24 | $11.4B | $6.8B |
股东权益MTBNXST
| Q4 25 | $29.2B | $2.1B | ||
| Q3 25 | $28.7B | $2.3B | ||
| Q2 25 | $28.5B | $2.3B | ||
| Q1 25 | $29.0B | $2.2B | ||
| Q4 24 | $29.0B | $2.3B | ||
| Q3 24 | $28.9B | $2.2B | ||
| Q2 24 | $28.4B | $2.3B | ||
| Q1 24 | $27.2B | $2.3B |
总资产MTBNXST
| Q4 25 | $213.5B | $10.8B | ||
| Q3 25 | $211.3B | $11.2B | ||
| Q2 25 | $211.6B | $11.3B | ||
| Q1 25 | $210.3B | $11.4B | ||
| Q4 24 | $208.1B | $11.5B | ||
| Q3 24 | $211.8B | $11.7B | ||
| Q2 24 | $208.9B | $11.8B | ||
| Q1 24 | $215.1B | $11.9B |
负债/权益比MTBNXST
| Q4 25 | 0.37× | 3.07× | ||
| Q3 25 | 0.45× | 2.78× | ||
| Q2 25 | 0.43× | 2.83× | ||
| Q1 25 | 0.36× | 2.89× | ||
| Q4 24 | 0.43× | 2.89× | ||
| Q3 24 | 0.40× | 3.02× | ||
| Q2 24 | 0.40× | 2.99× | ||
| Q1 24 | 0.42× | 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 | $3.0B | $190.0M |
| 自由现金流经营现金流 - 资本支出 | — | $136.0M |
| 自由现金流率自由现金流/营收 | — | 10.6% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 现金转化率经营现金流/净利润 | 3.96× | — |
| 过去12个月自由现金流最近4个季度 | — | $743.0M |
8季度趋势，按日历期对齐
经营现金流MTBNXST
| Q4 25 | $3.0B | $190.0M | ||
| Q3 25 | $1.0B | $117.0M | ||
| Q2 25 | $844.0M | $247.0M | ||
| Q1 25 | $635.0M | $337.0M | ||
| Q4 24 | $3.6B | $411.0M | ||
| Q3 24 | $-28.0M | $387.0M | ||
| Q2 24 | $1.4B | $176.0M | ||
| Q1 24 | $608.0M | $276.0M |
自由现金流MTBNXST
| 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 | ||
| Q1 24 | — | $232.0M |
自由现金流率MTBNXST
| 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% | ||
| Q1 24 | — | 18.1% |
资本支出强度MTBNXST
| 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% | ||
| Q1 24 | — | 3.4% |
现金转化率MTBNXST
| Q4 25 | 3.96× | — | ||
| Q3 25 | 1.26× | 1.67× | ||
| Q2 25 | 1.18× | 2.55× | ||
| Q1 25 | 1.09× | 3.12× | ||
| Q4 24 | 5.30× | 1.70× | ||
| Q3 24 | -0.04× | 2.07× | ||
| Q2 24 | 2.07× | 1.49× | ||
| Q1 24 | 1.15× | 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
MTB
暂无分部数据
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
