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Newsmax Inc.（NMAX）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
NEXSTAR MEDIA GROUP, INC.的季度营收约是Newsmax Inc.的24.7倍（$1.3B vs $52.2M）。Newsmax Inc.净利率更高（-5.7% vs -12.9%，领先7.2%）。NEXSTAR MEDIA GROUP, INC.自由现金流更多（$136.0M vs $1.8M）
纽斯马克斯公司是一家总部位于美国的媒体广播企业，提供新闻报道、政治评论、观点内容及生活类节目，通过有线电视、官网、移动应用和流媒体平台分发内容，主要面向美国本土受众，核心内容板块侧重保守立场的时事资讯。
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。
NMAX vs NXST — 直观对比
营收规模更大
NXST
是对方的24.7倍
$52.2M
净利率更高
NMAX
高出7.2%
-12.9%
自由现金流更多
NXST
多$134.2M
$1.8M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $52.2M | $1.3B |
| 净利润 | $-3.0M | $-166.0M |
| 毛利率 | 36.7% | — |
| 营业利润率 | -9.0% | 18.7% |
| 净利率 | -5.7% | -12.9% |
| 营收同比 | — | -13.4% |
| 净利润同比 | — | -168.6% |
| 每股收益（稀释后） | $0.15 | $-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NMAXNXST
| Q4 25 | $52.2M | $1.3B | ||
| Q3 25 | $45.3M | $1.2B | ||
| Q2 25 | $46.4M | $1.2B | ||
| Q1 25 | $45.3M | $1.2B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
净利润NMAXNXST
| Q4 25 | $-3.0M | $-166.0M | ||
| Q3 25 | $-4.1M | $70.0M | ||
| Q2 25 | $-75.2M | $97.0M | ||
| Q1 25 | $-17.2M | $108.0M | ||
| Q4 24 | — | $242.0M | ||
| Q3 24 | — | $187.0M | ||
| Q2 24 | — | $118.0M | ||
| Q1 24 | — | $175.0M |
毛利率NMAXNXST
| Q4 25 | 36.7% | — | ||
| Q3 25 | 35.3% | — | ||
| Q2 25 | 38.0% | — | ||
| Q1 25 | 47.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率NMAXNXST
| Q4 25 | -9.0% | 18.7% | ||
| Q3 25 | -15.9% | 14.6% | ||
| Q2 25 | -164.5% | 17.3% | ||
| Q1 25 | -25.5% | 17.8% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 21.4% |
净利率NMAXNXST
| Q4 25 | -5.7% | -12.9% | ||
| Q3 25 | -9.1% | 5.8% | ||
| Q2 25 | -161.9% | 7.9% | ||
| Q1 25 | -38.0% | 8.8% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 13.7% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 13.6% |
每股收益（稀释后）NMAXNXST
| Q4 25 | $0.15 | $-5.57 | ||
| Q3 25 | $-0.03 | $2.14 | ||
| Q2 25 | $-0.59 | $3.06 | ||
| Q1 25 | $-0.49 | $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 | $20.4M | $280.0M |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | $106.0M | $2.1B |
| 总资产 | $239.8M | $10.8B |
| 负债/权益比越低杠杆越低 | — | 3.07× |
8季度趋势，按日历期对齐
现金及短期投资NMAXNXST
| Q4 25 | $20.4M | $280.0M | ||
| Q3 25 | $14.2M | $236.0M | ||
| Q2 25 | $33.8M | $234.0M | ||
| Q1 25 | $126.7M | $253.0M | ||
| Q4 24 | — | $144.0M | ||
| Q3 24 | — | $181.0M | ||
| Q2 24 | — | $146.0M | ||
| Q1 24 | — | $237.0M |
总债务NMAXNXST
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.5B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益NMAXNXST
| Q4 25 | $106.0M | $2.1B | ||
| Q3 25 | $106.0M | $2.3B | ||
| Q2 25 | $106.9M | $2.3B | ||
| Q1 25 | $177.4M | $2.2B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
总资产NMAXNXST
| Q4 25 | $239.8M | $10.8B | ||
| Q3 25 | $233.3M | $11.2B | ||
| Q2 25 | $259.8M | $11.3B | ||
| Q1 25 | $278.2M | $11.4B | ||
| Q4 24 | — | $11.5B | ||
| Q3 24 | — | $11.7B | ||
| Q2 24 | — | $11.8B | ||
| Q1 24 | — | $11.9B |
负债/权益比NMAXNXST
| Q4 25 | — | 3.07× | ||
| Q3 25 | — | 2.78× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.89× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 3.02× | ||
| Q2 24 | — | 2.99× | ||
| Q1 24 | — | 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 | $2.6M | $190.0M |
| 自由现金流经营现金流 - 资本支出 | $1.8M | $136.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 10.6% |
| 资本支出强度资本支出/营收 | 1.7% | 4.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-107.1M | $743.0M |
8季度趋势，按日历期对齐
经营现金流NMAXNXST
| Q4 25 | $2.6M | $190.0M | ||
| Q3 25 | $-68.1M | $117.0M | ||
| Q2 25 | $-23.2M | $247.0M | ||
| Q1 25 | $-15.7M | $337.0M | ||
| Q4 24 | — | $411.0M | ||
| Q3 24 | — | $387.0M | ||
| Q2 24 | — | $176.0M | ||
| Q1 24 | — | $276.0M |
自由现金流NMAXNXST
| Q4 25 | $1.8M | $136.0M | ||
| Q3 25 | $-69.2M | $87.0M | ||
| Q2 25 | $-23.8M | $218.0M | ||
| Q1 25 | $-15.8M | $302.0M | ||
| Q4 24 | — | $376.0M | ||
| Q3 24 | — | $358.0M | ||
| Q2 24 | — | $139.0M | ||
| Q1 24 | — | $232.0M |
自由现金流率NMAXNXST
| Q4 25 | 3.4% | 10.6% | ||
| Q3 25 | -152.9% | 7.3% | ||
| Q2 25 | -51.3% | 17.7% | ||
| Q1 25 | -34.9% | 24.5% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 11.0% | ||
| Q1 24 | — | 18.1% |
资本支出强度NMAXNXST
| Q4 25 | 1.7% | 4.2% | ||
| Q3 25 | 2.4% | 2.5% | ||
| Q2 25 | 1.3% | 2.4% | ||
| Q1 25 | 0.2% | 2.8% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
现金转化率NMAXNXST
| 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× | ||
| Q1 24 | — | 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
NMAX
| Advertising | $33.9M | 65% |
| Affiliate Fee | $8.3M | 16% |
| Subscription And Circulation | $6.2M | 12% |
| Products | $2.6M | 5% |
| Supplement Sales | $1.1M | 2% |
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
