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NEXSTAR MEDIA GROUP, INC.（NXST）与Sunrun Inc.（RUN）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Sunrun Inc.的1.1倍（$1.3B vs $1.2B），Sunrun Inc.净利率更高（8.9% vs -12.9%，领先21.8%），Sunrun Inc.同比增速更快（123.5% vs -13.4%），过去两年Sunrun Inc.的营收复合增速更高（59.0% 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。
Sunrun Inc.是美国知名的光伏系统及电池储能产品供应商，业务以服务住宅客户为主，2007年成立，总部位于加利福尼亚州旧金山，致力于为家庭用户提供高效的清洁能源解决方案。
NXST vs RUN — 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
RUN
高出136.9%
-13.4%
净利率更高
RUN
高出21.8%
-12.9%
两年增速更快
RUN
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 | $103.6M |
| 毛利率 | — | — |
| 营业利润率 | 18.7% | 8.4% |
| 净利率 | -12.9% | 8.9% |
| 营收同比 | -13.4% | 123.5% |
| 净利润同比 | -168.6% | 103.7% |
| 每股收益（稀释后） | $-5.57 | $0.38 |
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NXSTRUN
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.2B | $724.6M | ||
| Q2 25 | $1.2B | $569.3M | ||
| Q1 25 | $1.2B | $504.3M | ||
| Q4 24 | $1.5B | $518.5M | ||
| Q3 24 | $1.4B | $537.2M | ||
| Q2 24 | $1.3B | $523.9M | ||
| Q1 24 | $1.3B | $458.2M |
净利润NXSTRUN
| Q4 25 | $-166.0M | $103.6M | ||
| Q3 25 | $70.0M | $16.6M | ||
| Q2 25 | $97.0M | $279.8M | ||
| Q1 25 | $108.0M | $50.0M | ||
| Q4 24 | $242.0M | $-2.8B | ||
| Q3 24 | $187.0M | $-83.8M | ||
| Q2 24 | $118.0M | $139.1M | ||
| Q1 24 | $175.0M | $-87.8M |
营业利润率NXSTRUN
| Q4 25 | 18.7% | 8.4% | ||
| Q3 25 | 14.6% | 0.5% | ||
| Q2 25 | 17.3% | -19.7% | ||
| Q1 25 | 17.8% | -22.8% | ||
| Q4 24 | 28.1% | -628.0% | ||
| Q3 24 | 24.5% | -23.8% | ||
| Q2 24 | 18.9% | -24.4% | ||
| Q1 24 | 21.4% | -40.0% |
净利率NXSTRUN
| Q4 25 | -12.9% | 8.9% | ||
| Q3 25 | 5.8% | 2.3% | ||
| Q2 25 | 7.9% | 49.1% | ||
| Q1 25 | 8.8% | 9.9% | ||
| Q4 24 | 16.3% | -542.7% | ||
| Q3 24 | 13.7% | -15.6% | ||
| Q2 24 | 9.3% | 26.5% | ||
| Q1 24 | 13.6% | -19.2% |
每股收益（稀释后）NXSTRUN
| Q4 25 | $-5.57 | $0.38 | ||
| Q3 25 | $2.14 | $0.06 | ||
| Q2 25 | $3.06 | $1.07 | ||
| Q1 25 | $3.37 | $0.20 | ||
| Q4 24 | $7.44 | $-12.59 | ||
| Q3 24 | $5.27 | $-0.37 | ||
| Q2 24 | $3.54 | $0.55 | ||
| Q1 24 | $5.16 | $-0.40 |
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 | $6.3B | $14.7B |
| 股东权益账面价值 | $2.1B | $3.1B |
| 总资产 | $10.8B | $22.6B |
| 负债/权益比越低杠杆越低 | 3.07× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资NXSTRUN
| 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NXSTRUN
| Q4 25 | $6.3B | $14.7B | ||
| Q3 25 | $6.4B | $14.6B | ||
| Q2 25 | $6.4B | $14.0B | ||
| Q1 25 | $6.5B | $13.6B | ||
| Q4 24 | $6.5B | $12.9B | ||
| Q3 24 | $6.7B | $12.5B | ||
| Q2 24 | $6.8B | $12.0B | ||
| Q1 24 | $6.8B | $11.1B |
股东权益NXSTRUN
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $2.3B | $3.0B | ||
| Q2 25 | $2.3B | $2.9B | ||
| Q1 25 | $2.2B | $2.6B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.2B | $5.3B | ||
| Q2 24 | $2.3B | $5.4B | ||
| Q1 24 | $2.3B | $5.2B |
总资产NXSTRUN
| Q4 25 | $10.8B | $22.6B | ||
| Q3 25 | $11.2B | $22.2B | ||
| Q2 25 | $11.3B | $21.2B | ||
| Q1 25 | $11.4B | $20.4B | ||
| Q4 24 | $11.5B | $19.9B | ||
| Q3 24 | $11.7B | $22.1B | ||
| Q2 24 | $11.8B | $21.4B | ||
| Q1 24 | $11.9B | $20.8B |
负债/权益比NXSTRUN
| Q4 25 | 3.07× | 4.69× | ||
| Q3 25 | 2.78× | 4.90× | ||
| Q2 25 | 2.83× | 4.80× | ||
| Q1 25 | 2.89× | 5.19× | ||
| Q4 24 | 2.89× | 5.05× | ||
| Q3 24 | 3.02× | 2.36× | ||
| Q2 24 | 2.99× | 2.23× | ||
| Q1 24 | 2.93× | 2.15× |
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 | $96.9M |
| 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 | — | 0.94× |
| 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NXSTRUN
| Q4 25 | $190.0M | $96.9M | ||
| Q3 25 | $117.0M | $-121.5M | ||
| Q2 25 | $247.0M | $-292.7M | ||
| Q1 25 | $337.0M | $-104.2M | ||
| Q4 24 | $411.0M | $-258.4M | ||
| Q3 24 | $387.0M | $-156.2M | ||
| Q2 24 | $176.0M | $-208.5M | ||
| Q1 24 | $276.0M | $-143.1M |
自由现金流NXSTRUN
| Q4 25 | $136.0M | — | ||
| Q3 25 | $87.0M | — | ||
| Q2 25 | $218.0M | — | ||
| Q1 25 | $302.0M | — | ||
| Q4 24 | $376.0M | — | ||
| Q3 24 | $358.0M | $-156.4M | ||
| Q2 24 | $139.0M | — | ||
| Q1 24 | $232.0M | — |
自由现金流率NXSTRUN
| Q4 25 | 10.6% | — | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 17.7% | — | ||
| Q1 25 | 24.5% | — | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 26.2% | -29.1% | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 18.1% | — |
资本支出强度NXSTRUN
| Q4 25 | 4.2% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 2.1% | 0.0% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 3.4% | — |
现金转化率NXSTRUN
| Q4 25 | — | 0.94× | ||
| Q3 25 | 1.67× | -7.33× | ||
| Q2 25 | 2.55× | -1.05× | ||
| Q1 25 | 3.12× | -2.08× | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 1.49× | -1.50× | ||
| 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
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
