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NEXSTAR MEDIA GROUP, INC.（NXST）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是NEXSTAR MEDIA GROUP, INC.的1.3倍（$1.7B vs $1.3B），北极星净利率更高（-2.8% vs -12.9%，领先10.0%），北极星同比增速更快（8.0% vs -13.4%），NEXSTAR MEDIA GROUP, INC.自由现金流更多（$136.0M vs $-342.5M），过去两年NEXSTAR MEDIA GROUP, INC.的营收复合增速更高（0.2% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
NXST vs PII — 直观对比
营收规模更大
PII
是对方的1.3倍
$1.3B
营收增速更快
PII
高出21.4%
-13.4%
净利率更高
PII
高出10.0%
-12.9%
自由现金流更多
NXST
多$478.5M
$-342.5M
两年增速更快
NXST
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $-166.0M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 18.7% | — |
| 净利率 | -12.9% | -2.8% |
| 营收同比 | -13.4% | 8.0% |
| 净利润同比 | -168.6% | 29.2% |
| 每股收益（稀释后） | $-5.57 | $-0.83 |
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NXSTPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.3B | $2.0B |
净利润NXSTPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $-166.0M | $-303.6M | ||
| Q3 25 | $70.0M | $-15.8M | ||
| Q2 25 | $97.0M | $-79.3M | ||
| Q1 25 | $108.0M | $-66.8M | ||
| Q4 24 | $242.0M | $10.6M | ||
| Q3 24 | $187.0M | $27.7M | ||
| Q2 24 | $118.0M | $68.7M |
毛利率NXSTPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.6% |
营业利润率NXSTPII
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | -16.7% | ||
| Q3 25 | 14.6% | 1.1% | ||
| Q2 25 | 17.3% | -0.7% | ||
| Q1 25 | 17.8% | -2.4% | ||
| Q4 24 | 28.1% | 3.7% | ||
| Q3 24 | 24.5% | 3.8% | ||
| Q2 24 | 18.9% | 6.1% |
净利率NXSTPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | -12.9% | -15.8% | ||
| Q3 25 | 5.8% | -0.9% | ||
| Q2 25 | 7.9% | -4.3% | ||
| Q1 25 | 8.8% | -4.3% | ||
| Q4 24 | 16.3% | 0.6% | ||
| Q3 24 | 13.7% | 1.6% | ||
| Q2 24 | 9.3% | 3.5% |
每股收益（稀释后）NXSTPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $-5.57 | $-5.34 | ||
| Q3 25 | $2.14 | $-0.28 | ||
| Q2 25 | $3.06 | $-1.39 | ||
| Q1 25 | $3.37 | $-1.17 | ||
| Q4 24 | $7.44 | $0.18 | ||
| Q3 24 | $5.27 | $0.49 | ||
| Q2 24 | $3.54 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $2.1B | $750.4M |
| 总资产 | $10.8B | $5.2B |
| 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NXSTPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | $280.0M | $138.0M | ||
| Q3 25 | $236.0M | $335.5M | ||
| Q2 25 | $234.0M | $324.3M | ||
| Q1 25 | $253.0M | $291.7M | ||
| Q4 24 | $144.0M | $287.8M | ||
| Q3 24 | $181.0M | $291.3M | ||
| Q2 24 | $146.0M | $322.7M |
总债务NXSTPII
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $1.5B | ||
| Q3 25 | $6.4B | $1.3B | ||
| Q2 25 | $6.4B | $1.4B | ||
| Q1 25 | $6.5B | $1.6B | ||
| Q4 24 | $6.5B | $1.6B | ||
| Q3 24 | $6.7B | $1.7B | ||
| Q2 24 | $6.8B | $2.1B |
股东权益NXSTPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $2.1B | $828.4M | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B |
总资产NXSTPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $10.8B | $4.9B | ||
| Q3 25 | $11.2B | $5.3B | ||
| Q2 25 | $11.3B | $5.4B | ||
| Q1 25 | $11.4B | $5.5B | ||
| Q4 24 | $11.5B | $5.5B | ||
| Q3 24 | $11.7B | $5.6B | ||
| Q2 24 | $11.8B | $5.7B |
负债/权益比NXSTPII
| Q1 26 | — | — | ||
| Q4 25 | 3.07× | 1.82× | ||
| Q3 25 | 2.78× | 1.13× | ||
| Q2 25 | 2.83× | 1.17× | ||
| Q1 25 | 2.89× | 1.32× | ||
| Q4 24 | 2.89× | 1.27× | ||
| Q3 24 | 3.02× | 1.29× | ||
| Q2 24 | 2.99× | 1.56× |
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 | $190.0M | — |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $-342.5M |
| 自由现金流率自由现金流/营收 | 10.6% | -20.6% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $743.0M | $168.0M |
8季度趋势，按日历期对齐
经营现金流NXSTPII
| Q1 26 | — | — | ||
| Q4 25 | $190.0M | $178.7M | ||
| Q3 25 | $117.0M | $158.8M | ||
| Q2 25 | $247.0M | $320.3M | ||
| Q1 25 | $337.0M | $83.2M | ||
| Q4 24 | $411.0M | $206.3M | ||
| Q3 24 | $387.0M | $21.0M | ||
| Q2 24 | $176.0M | $146.3M |
自由现金流NXSTPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $136.0M | $114.0M | ||
| Q3 25 | $87.0M | $116.7M | ||
| Q2 25 | $218.0M | $279.8M | ||
| Q1 25 | $302.0M | $47.6M | ||
| Q4 24 | $376.0M | $137.3M | ||
| Q3 24 | $358.0M | $-32.4M | ||
| Q2 24 | $139.0M | $79.1M |
自由现金流率NXSTPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 10.6% | 5.9% | ||
| Q3 25 | 7.3% | 6.3% | ||
| Q2 25 | 17.7% | 15.1% | ||
| Q1 25 | 24.5% | 3.1% | ||
| Q4 24 | 25.3% | 7.8% | ||
| Q3 24 | 26.2% | -1.9% | ||
| Q2 24 | 11.0% | 4.0% |
资本支出强度NXSTPII
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 3.4% | ||
| Q3 25 | 2.5% | 2.3% | ||
| Q2 25 | 2.4% | 2.2% | ||
| Q1 25 | 2.8% | 2.3% | ||
| Q4 24 | 2.4% | 3.9% | ||
| Q3 24 | 2.1% | 3.1% | ||
| Q2 24 | 2.9% | 3.4% |
现金转化率NXSTPII
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 3.12× | — | ||
| Q4 24 | 1.70× | 19.46× | ||
| Q3 24 | 2.07× | 0.76× | ||
| Q2 24 | 1.49× | 2.13× |
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
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
PII
暂无分部数据
