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NEXSTAR MEDIA GROUP, INC.（NXST）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是NEXSTAR MEDIA GROUP, INC.的1.1倍（$1.5B vs $1.3B），RXO, Inc.净利率更高（-3.1% vs -12.9%，领先9.8%），RXO, Inc.同比增速更快（-11.9% vs -13.4%），NEXSTAR MEDIA GROUP, INC.自由现金流更多（$136.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
NXST vs RXO — 直观对比
营收规模更大
RXO
是对方的1.1倍
$1.3B
营收增速更快
RXO
高出1.6%
-13.4%
净利率更高
RXO
高出9.8%
-12.9%
自由现金流更多
NXST
多$145.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $-166.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 18.7% | -2.9% |
| 净利率 | -12.9% | -3.1% |
| 营收同比 | -13.4% | -11.9% |
| 净利润同比 | -168.6% | -84.0% |
| 每股收益（稀释后） | $-5.57 | $-0.28 |
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NXSTRXO
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.3B | $930.0M | ||
| Q1 24 | $1.3B | $913.0M |
净利润NXSTRXO
| Q4 25 | $-166.0M | $-46.0M | ||
| Q3 25 | $70.0M | $-14.0M | ||
| Q2 25 | $97.0M | $-9.0M | ||
| Q1 25 | $108.0M | $-31.0M | ||
| Q4 24 | $242.0M | $-25.0M | ||
| Q3 24 | $187.0M | $-243.0M | ||
| Q2 24 | $118.0M | $-7.0M | ||
| Q1 24 | $175.0M | $-15.0M |
营业利润率NXSTRXO
| Q4 25 | 18.7% | -2.9% | ||
| Q3 25 | 14.6% | -0.5% | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 17.8% | -2.1% | ||
| Q4 24 | 28.1% | -1.4% | ||
| Q3 24 | 24.5% | -1.9% | ||
| Q2 24 | 18.9% | — | ||
| Q1 24 | 21.4% | -1.3% |
净利率NXSTRXO
| Q4 25 | -12.9% | -3.1% | ||
| Q3 25 | 5.8% | -1.0% | ||
| Q2 25 | 7.9% | -0.6% | ||
| Q1 25 | 8.8% | -2.2% | ||
| Q4 24 | 16.3% | -1.5% | ||
| Q3 24 | 13.7% | -23.4% | ||
| Q2 24 | 9.3% | -0.8% | ||
| Q1 24 | 13.6% | -1.6% |
每股收益（稀释后）NXSTRXO
| Q4 25 | $-5.57 | $-0.28 | ||
| Q3 25 | $2.14 | $-0.08 | ||
| Q2 25 | $3.06 | $-0.05 | ||
| Q1 25 | $3.37 | $-0.18 | ||
| Q4 24 | $7.44 | $-0.17 | ||
| Q3 24 | $5.27 | $-1.81 | ||
| Q2 24 | $3.54 | $-0.06 | ||
| Q1 24 | $5.16 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $6.3B | $387.0M |
| 股东权益账面价值 | $2.1B | $1.5B |
| 总资产 | $10.8B | $3.3B |
| 负债/权益比越低杠杆越低 | 3.07× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资NXSTRXO
| Q4 25 | $280.0M | $17.0M | ||
| Q3 25 | $236.0M | $25.0M | ||
| Q2 25 | $234.0M | $18.0M | ||
| Q1 25 | $253.0M | $16.0M | ||
| Q4 24 | $144.0M | $35.0M | ||
| Q3 24 | $181.0M | $55.0M | ||
| Q2 24 | $146.0M | $7.0M | ||
| Q1 24 | $237.0M | $7.0M |
总债务NXSTRXO
| Q4 25 | $6.3B | $387.0M | ||
| Q3 25 | $6.4B | $387.0M | ||
| Q2 25 | $6.4B | $387.0M | ||
| Q1 25 | $6.5B | $387.0M | ||
| Q4 24 | $6.5B | $351.0M | ||
| Q3 24 | $6.7B | $352.0M | ||
| Q2 24 | $6.8B | $370.0M | ||
| Q1 24 | $6.8B | $351.0M |
股东权益NXSTRXO
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.6B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.2B | $1.7B | ||
| Q2 24 | $2.3B | $579.0M | ||
| Q1 24 | $2.3B | $582.0M |
总资产NXSTRXO
| Q4 25 | $10.8B | $3.3B | ||
| Q3 25 | $11.2B | $3.2B | ||
| Q2 25 | $11.3B | $3.2B | ||
| Q1 25 | $11.4B | $3.3B | ||
| Q4 24 | $11.5B | $3.4B | ||
| Q3 24 | $11.7B | $3.4B | ||
| Q2 24 | $11.8B | $1.8B | ||
| Q1 24 | $11.9B | $1.8B |
负债/权益比NXSTRXO
| Q4 25 | 3.07× | 0.25× | ||
| Q3 25 | 2.78× | 0.24× | ||
| Q2 25 | 2.83× | 0.24× | ||
| Q1 25 | 2.89× | 0.24× | ||
| Q4 24 | 2.89× | 0.22× | ||
| Q3 24 | 3.02× | 0.21× | ||
| Q2 24 | 2.99× | 0.64× | ||
| Q1 24 | 2.93× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 10.6% | -0.6% |
| 资本支出强度资本支出/营收 | 4.2% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流NXSTRXO
| Q4 25 | $190.0M | $7.0M | ||
| Q3 25 | $117.0M | $23.0M | ||
| Q2 25 | $247.0M | $23.0M | ||
| Q1 25 | $337.0M | $-2.0M | ||
| Q4 24 | $411.0M | $-7.0M | ||
| Q3 24 | $387.0M | $-7.0M | ||
| Q2 24 | $176.0M | $-5.0M | ||
| Q1 24 | $276.0M | $7.0M |
自由现金流NXSTRXO
| Q4 25 | $136.0M | $-9.0M | ||
| Q3 25 | $87.0M | $9.0M | ||
| Q2 25 | $218.0M | $9.0M | ||
| Q1 25 | $302.0M | $-17.0M | ||
| Q4 24 | $376.0M | $-19.0M | ||
| Q3 24 | $358.0M | $-18.0M | ||
| Q2 24 | $139.0M | $-16.0M | ||
| Q1 24 | $232.0M | $-4.0M |
自由现金流率NXSTRXO
| Q4 25 | 10.6% | -0.6% | ||
| Q3 25 | 7.3% | 0.6% | ||
| Q2 25 | 17.7% | 0.6% | ||
| Q1 25 | 24.5% | -1.2% | ||
| Q4 24 | 25.3% | -1.1% | ||
| Q3 24 | 26.2% | -1.7% | ||
| Q2 24 | 11.0% | -1.7% | ||
| Q1 24 | 18.1% | -0.4% |
资本支出强度NXSTRXO
| Q4 25 | 4.2% | 1.1% | ||
| Q3 25 | 2.5% | 1.0% | ||
| Q2 25 | 2.4% | 1.0% | ||
| Q1 25 | 2.8% | 1.0% | ||
| Q4 24 | 2.4% | 0.7% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 2.9% | 1.2% | ||
| Q1 24 | 3.4% | 1.2% |
现金转化率NXSTRXO
| 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
NXST
| Distribution Service | $704.0M | 55% |
| Advertising | $491.0M | 38% |
| Other | $78.0M | 6% |
| Corporate | $3.0M | 0% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
