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NEXSTAR MEDIA GROUP, INC.（NXST）与Sinclair, Inc.（SBGI）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Sinclair, Inc.的1.5倍（$1.3B vs $836.0M）。Sinclair, Inc.净利率更高（13.0% vs -12.9%，领先25.9%）。NEXSTAR MEDIA GROUP, INC.同比增速更快（-13.4% vs -16.7%）。NEXSTAR MEDIA GROUP, INC.自由现金流更多（$136.0M vs $79.0M）。过去两年Sinclair, Inc.的营收复合增速更高（2.4% 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。
辛克莱公司（以辛克莱广播集团开展业务）是一家上市的美国电信综合企业，由创始人朱利安·辛克莱·史密斯的后代控股。公司总部位于马里兰州巴尔的摩郊县科基斯维尔，按电视台数量计算是美国第二大电视台运营商，仅次于奈克斯达媒体集团，在全国100多个市场拥有或运营193家电视台，覆盖美国40%的区域。
NXST vs SBGI — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $836.0M |
| 净利润 | $-166.0M | $109.0M |
| 毛利率 | — | — |
| 营业利润率 | 18.7% | 9.6% |
| 净利率 | -12.9% | 13.0% |
| 营收同比 | -13.4% | -16.7% |
| 净利润同比 | -168.6% | -38.1% |
| 每股收益（稀释后） | $-5.57 | $1.62 |
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
| Q4 25 | $1.3B | $836.0M | ||
| Q3 25 | $1.2B | $773.0M | ||
| Q2 25 | $1.2B | $784.0M | ||
| Q1 25 | $1.2B | $776.0M | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.4B | $917.0M | ||
| Q2 24 | $1.3B | $829.0M | ||
| Q1 24 | $1.3B | $798.0M |
| Q4 25 | $-166.0M | $109.0M | ||
| Q3 25 | $70.0M | $-1.0M | ||
| Q2 25 | $97.0M | $-64.0M | ||
| Q1 25 | $108.0M | $-156.0M | ||
| Q4 24 | $242.0M | $176.0M | ||
| Q3 24 | $187.0M | $94.0M | ||
| Q2 24 | $118.0M | $17.0M | ||
| Q1 24 | $175.0M | $23.0M |
| Q4 25 | 18.7% | 9.6% | ||
| Q3 25 | 14.6% | 7.5% | ||
| Q2 25 | 17.3% | 2.7% | ||
| Q1 25 | 17.8% | 1.8% | ||
| Q4 24 | 28.1% | 26.5% | ||
| Q3 24 | 24.5% | 19.5% | ||
| Q2 24 | 18.9% | 7.7% | ||
| Q1 24 | 21.4% | 5.3% |
| Q4 25 | -12.9% | 13.0% | ||
| Q3 25 | 5.8% | -0.1% | ||
| Q2 25 | 7.9% | -8.2% | ||
| Q1 25 | 8.8% | -20.1% | ||
| Q4 24 | 16.3% | 17.5% | ||
| Q3 24 | 13.7% | 10.3% | ||
| Q2 24 | 9.3% | 2.1% | ||
| Q1 24 | 13.6% | 2.9% |
| Q4 25 | $-5.57 | $1.62 | ||
| Q3 25 | $2.14 | $-0.02 | ||
| Q2 25 | $3.06 | $-0.91 | ||
| Q1 25 | $3.37 | $-2.30 | ||
| Q4 24 | $7.44 | $2.64 | ||
| Q3 24 | $5.27 | $1.43 | ||
| Q2 24 | $3.54 | $0.27 | ||
| Q1 24 | $5.16 | $0.35 |
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 | $866.0M |
| 总债务越低越好 | $6.3B | $4.4B |
| 股东权益账面价值 | $2.1B | $443.0M |
| 总资产 | $10.8B | $5.9B |
| 负债/权益比越低杠杆越低 | 3.07× | 9.84× |
8季度趋势，按日历期对齐
| Q4 25 | $280.0M | $866.0M | ||
| Q3 25 | $236.0M | $526.0M | ||
| Q2 25 | $234.0M | $616.0M | ||
| Q1 25 | $253.0M | $631.0M | ||
| Q4 24 | $144.0M | $697.0M | ||
| Q3 24 | $181.0M | $536.0M | ||
| Q2 24 | $146.0M | $378.0M | ||
| Q1 24 | $237.0M | $655.0M |
| Q4 25 | $6.3B | $4.4B | ||
| Q3 25 | $6.4B | $4.1B | ||
| Q2 25 | $6.4B | $4.1B | ||
| Q1 25 | $6.5B | $4.2B | ||
| Q4 24 | $6.5B | $4.1B | ||
| Q3 24 | $6.7B | $4.1B | ||
| Q2 24 | $6.8B | $4.1B | ||
| Q1 24 | $6.8B | $4.1B |
| Q4 25 | $2.1B | $443.0M | ||
| Q3 25 | $2.3B | $347.0M | ||
| Q2 25 | $2.3B | $361.0M | ||
| Q1 25 | $2.2B | $436.0M | ||
| Q4 24 | $2.3B | $583.0M | ||
| Q3 24 | $2.2B | $415.0M | ||
| Q2 24 | $2.3B | $340.0M | ||
| Q1 24 | $2.3B | $333.0M |
| Q4 25 | $10.8B | $5.9B | ||
| Q3 25 | $11.2B | $5.6B | ||
| Q2 25 | $11.3B | $5.7B | ||
| Q1 25 | $11.4B | $5.8B | ||
| Q4 24 | $11.5B | $5.9B | ||
| Q3 24 | $11.7B | $5.8B | ||
| Q2 24 | $11.8B | $5.7B | ||
| Q1 24 | $11.9B | $6.0B |
| Q4 25 | 3.07× | 9.84× | ||
| Q3 25 | 2.78× | 11.75× | ||
| Q2 25 | 2.83× | 11.30× | ||
| Q1 25 | 2.89× | 9.56× | ||
| Q4 24 | 2.89× | 7.02× | ||
| Q3 24 | 3.02× | 9.86× | ||
| Q2 24 | 2.99× | 12.08× | ||
| Q1 24 | 2.93× | 12.35× |
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 | $98.0M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $79.0M |
| 自由现金流率自由现金流/营收 | 10.6% | 9.4% |
| 资本支出强度资本支出/营收 | 4.2% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.90× |
| 过去12个月自由现金流最近4个季度 | $743.0M | $115.0M |
8季度趋势，按日历期对齐
| Q4 25 | $190.0M | $98.0M | ||
| Q3 25 | $117.0M | $-36.0M | ||
| Q2 25 | $247.0M | $122.0M | ||
| Q1 25 | $337.0M | $5.0M | ||
| Q4 24 | $411.0M | $198.0M | ||
| Q3 24 | $387.0M | $210.0M | ||
| Q2 24 | $176.0M | $-306.0M | ||
| Q1 24 | $276.0M | $-4.0M |
| Q4 25 | $136.0M | $79.0M | ||
| Q3 25 | $87.0M | $-58.0M | ||
| Q2 25 | $218.0M | $105.0M | ||
| Q1 25 | $302.0M | $-11.0M | ||
| Q4 24 | $376.0M | $175.0M | ||
| Q3 24 | $358.0M | $193.0M | ||
| Q2 24 | $139.0M | $-329.0M | ||
| Q1 24 | $232.0M | $-25.0M |
| Q4 25 | 10.6% | 9.4% | ||
| Q3 25 | 7.3% | -7.5% | ||
| Q2 25 | 17.7% | 13.4% | ||
| Q1 25 | 24.5% | -1.4% | ||
| Q4 24 | 25.3% | 17.4% | ||
| Q3 24 | 26.2% | 21.0% | ||
| Q2 24 | 11.0% | -39.7% | ||
| Q1 24 | 18.1% | -3.1% |
| Q4 25 | 4.2% | 2.3% | ||
| Q3 25 | 2.5% | 2.8% | ||
| Q2 25 | 2.4% | 2.2% | ||
| Q1 25 | 2.8% | 2.1% | ||
| Q4 24 | 2.4% | 2.3% | ||
| Q3 24 | 2.1% | 1.9% | ||
| Q2 24 | 2.9% | 2.8% | ||
| Q1 24 | 3.4% | 2.6% |
| Q4 25 | — | 0.90× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 3.12× | — | ||
| Q4 24 | 1.70× | 1.13× | ||
| Q3 24 | 2.07× | 2.23× | ||
| Q2 24 | 1.49× | -18.00× | ||
| Q1 24 | 1.58× | -0.17× |
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% |
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
