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NEXSTAR MEDIA GROUP, INC.（NXST）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
NEXSTAR MEDIA GROUP, INC.的季度营收约是利氏兄弟拍卖行的1.1倍（$1.3B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs -12.9%，领先22.0%），利氏兄弟拍卖行同比增速更快（5.4% vs -13.4%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $136.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% vs 0.2%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
NXST vs RBA — 直观对比
营收规模更大
NXST
是对方的1.1倍
$1.2B
营收增速更快
RBA
高出18.9%
-13.4%
净利率更高
RBA
高出22.0%
-12.9%
自由现金流更多
RBA
多$50.5M
$136.0M
两年增速更快
RBA
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $-166.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 18.7% | 14.7% |
| 净利率 | -12.9% | 9.1% |
| 营收同比 | -13.4% | 5.4% |
| 净利润同比 | -168.6% | -7.4% |
| 每股收益（稀释后） | $-5.57 | $0.53 |
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NXSTRBA
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.4B | $981.8M | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
净利润NXSTRBA
| Q4 25 | $-166.0M | $109.7M | ||
| Q3 25 | $70.0M | $95.5M | ||
| Q2 25 | $97.0M | $109.8M | ||
| Q1 25 | $108.0M | $113.4M | ||
| Q4 24 | $242.0M | $118.5M | ||
| Q3 24 | $187.0M | $76.1M | ||
| Q2 24 | $118.0M | $111.1M | ||
| Q1 24 | $175.0M | $107.4M |
营业利润率NXSTRBA
| Q4 25 | 18.7% | 14.7% | ||
| Q3 25 | 14.6% | 14.5% | ||
| Q2 25 | 17.3% | 15.9% | ||
| Q1 25 | 17.8% | 17.1% | ||
| Q4 24 | 28.1% | 18.1% | ||
| Q3 24 | 24.5% | 15.6% | ||
| Q2 24 | 18.9% | 18.4% | ||
| Q1 24 | 21.4% | 18.7% |
净利率NXSTRBA
| Q4 25 | -12.9% | 9.1% | ||
| Q3 25 | 5.8% | 8.7% | ||
| Q2 25 | 7.9% | 9.3% | ||
| Q1 25 | 8.8% | 10.2% | ||
| Q4 24 | 16.3% | 10.4% | ||
| Q3 24 | 13.7% | 7.8% | ||
| Q2 24 | 9.3% | 10.1% | ||
| Q1 24 | 13.6% | 10.1% |
每股收益（稀释后）NXSTRBA
| Q4 25 | $-5.57 | $0.53 | ||
| Q3 25 | $2.14 | $0.43 | ||
| Q2 25 | $3.06 | $0.53 | ||
| Q1 25 | $3.37 | $0.55 | ||
| Q4 24 | $7.44 | $0.58 | ||
| Q3 24 | $5.27 | $0.36 | ||
| Q2 24 | $3.54 | $0.54 | ||
| Q1 24 | $5.16 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $6.3B | $2.3B |
| 股东权益账面价值 | $2.1B | $5.6B |
| 总资产 | $10.8B | $12.1B |
| 负债/权益比越低杠杆越低 | 3.07× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资NXSTRBA
| Q4 25 | $280.0M | $531.5M | ||
| Q3 25 | $236.0M | $674.7M | ||
| Q2 25 | $234.0M | $710.2M | ||
| Q1 25 | $253.0M | $578.1M | ||
| Q4 24 | $144.0M | $533.9M | ||
| Q3 24 | $181.0M | $650.7M | ||
| Q2 24 | $146.0M | $599.5M | ||
| Q1 24 | $237.0M | $462.8M |
总债务NXSTRBA
| Q4 25 | $6.3B | $2.3B | ||
| Q3 25 | $6.4B | $2.6B | ||
| Q2 25 | $6.4B | $2.6B | ||
| Q1 25 | $6.5B | $2.6B | ||
| Q4 24 | $6.5B | $2.6B | ||
| Q3 24 | $6.7B | $2.7B | ||
| Q2 24 | $6.8B | $2.8B | ||
| Q1 24 | $6.8B | $2.9B |
股东权益NXSTRBA
| Q4 25 | $2.1B | $5.6B | ||
| Q3 25 | $2.3B | $5.5B | ||
| Q2 25 | $2.3B | $5.5B | ||
| Q1 25 | $2.2B | $5.3B | ||
| Q4 24 | $2.3B | $5.2B | ||
| Q3 24 | $2.2B | $5.2B | ||
| Q2 24 | $2.3B | $5.2B | ||
| Q1 24 | $2.3B | $5.1B |
总资产NXSTRBA
| Q4 25 | $10.8B | $12.1B | ||
| Q3 25 | $11.2B | $12.2B | ||
| Q2 25 | $11.3B | $12.2B | ||
| Q1 25 | $11.4B | $11.9B | ||
| Q4 24 | $11.5B | $11.8B | ||
| Q3 24 | $11.7B | $11.9B | ||
| Q2 24 | $11.8B | $12.1B | ||
| Q1 24 | $11.9B | $12.0B |
负债/权益比NXSTRBA
| Q4 25 | 3.07× | 0.42× | ||
| Q3 25 | 2.78× | 0.47× | ||
| Q2 25 | 2.83× | 0.47× | ||
| Q1 25 | 2.89× | 0.50× | ||
| Q4 24 | 2.89× | 0.50× | ||
| Q3 24 | 3.02× | 0.52× | ||
| Q2 24 | 2.99× | 0.55× | ||
| Q1 24 | 2.93× | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 10.6% | 15.5% |
| 资本支出强度资本支出/营收 | 4.2% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $743.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流NXSTRBA
| Q4 25 | $190.0M | $255.2M | ||
| Q3 25 | $117.0M | $239.7M | ||
| Q2 25 | $247.0M | $326.5M | ||
| Q1 25 | $337.0M | $156.8M | ||
| Q4 24 | $411.0M | $184.5M | ||
| Q3 24 | $387.0M | $285.4M | ||
| Q2 24 | $176.0M | $337.3M | ||
| Q1 24 | $276.0M | $124.8M |
自由现金流NXSTRBA
| Q4 25 | $136.0M | $186.5M | ||
| Q3 25 | $87.0M | $188.5M | ||
| Q2 25 | $218.0M | $241.7M | ||
| Q1 25 | $302.0M | $102.5M | ||
| Q4 24 | $376.0M | $127.9M | ||
| Q3 24 | $358.0M | $248.5M | ||
| Q2 24 | $139.0M | $308.6M | ||
| Q1 24 | $232.0M | $79.6M |
自由现金流率NXSTRBA
| Q4 25 | 10.6% | 15.5% | ||
| Q3 25 | 7.3% | 17.3% | ||
| Q2 25 | 17.7% | 20.4% | ||
| Q1 25 | 24.5% | 9.2% | ||
| Q4 24 | 25.3% | 11.2% | ||
| Q3 24 | 26.2% | 25.3% | ||
| Q2 24 | 11.0% | 28.2% | ||
| Q1 24 | 18.1% | 7.5% |
资本支出强度NXSTRBA
| Q4 25 | 4.2% | 5.7% | ||
| Q3 25 | 2.5% | 4.7% | ||
| Q2 25 | 2.4% | 7.2% | ||
| Q1 25 | 2.8% | 4.9% | ||
| Q4 24 | 2.4% | 5.0% | ||
| Q3 24 | 2.1% | 3.8% | ||
| Q2 24 | 2.9% | 2.6% | ||
| Q1 24 | 3.4% | 4.2% |
现金转化率NXSTRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 1.67× | 2.51× | ||
| Q2 25 | 2.55× | 2.97× | ||
| Q1 25 | 3.12× | 1.38× | ||
| Q4 24 | 1.70× | 1.56× | ||
| Q3 24 | 2.07× | 3.75× | ||
| Q2 24 | 1.49× | 3.04× | ||
| Q1 24 | 1.58× | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
