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NEXSTAR MEDIA GROUP, INC.（NXST）与SKYWEST INC（SKYW）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SKYWEST INC的1.3倍（$1.3B vs $1.0B），SKYWEST INC净利率更高（10.0% vs -12.9%，领先22.9%），SKYWEST INC同比增速更快（6.8% vs -13.4%），过去两年SKYWEST INC的营收复合增速更高（8.1% 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。
天西航空（SkyWest Inc.）是总部位于美国犹他州圣乔治的控股企业，旗下主营北美支线航空公司天西航空，同时运营飞机租赁业务，是北美区域航空运营领域的重要参与者。
NXST vs SKYW — 直观对比
营收规模更大
NXST
是对方的1.3倍
$1.0B
营收增速更快
SKYW
高出20.3%
-13.4%
净利率更高
SKYW
高出22.9%
-12.9%
两年增速更快
SKYW
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.0B |
| 净利润 | $-166.0M | $101.7M |
| 毛利率 | — | — |
| 营业利润率 | 18.7% | 12.2% |
| 净利率 | -12.9% | 10.0% |
| 营收同比 | -13.4% | 6.8% |
| 净利润同比 | -168.6% | 1.1% |
| 每股收益（稀释后） | $-5.57 | $2.50 |
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NXSTSKYW
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.2B | $948.5M | ||
| Q4 24 | $1.5B | $944.4M | ||
| Q3 24 | $1.4B | $912.8M | ||
| Q2 24 | $1.3B | $867.1M |
净利润NXSTSKYW
| Q1 26 | — | $101.7M | ||
| Q4 25 | $-166.0M | $91.2M | ||
| Q3 25 | $70.0M | $116.4M | ||
| Q2 25 | $97.0M | $120.3M | ||
| Q1 25 | $108.0M | $100.6M | ||
| Q4 24 | $242.0M | $97.4M | ||
| Q3 24 | $187.0M | $89.7M | ||
| Q2 24 | $118.0M | $75.6M |
营业利润率NXSTSKYW
| Q1 26 | — | 12.2% | ||
| Q4 25 | 18.7% | 13.1% | ||
| Q3 25 | 14.6% | 16.6% | ||
| Q2 25 | 17.3% | 16.4% | ||
| Q1 25 | 17.8% | 14.7% | ||
| Q4 24 | 28.1% | 15.3% | ||
| Q3 24 | 24.5% | 14.4% | ||
| Q2 24 | 18.9% | 13.8% |
净利率NXSTSKYW
| Q1 26 | — | 10.0% | ||
| Q4 25 | -12.9% | 8.9% | ||
| Q3 25 | 5.8% | 11.1% | ||
| Q2 25 | 7.9% | 11.6% | ||
| Q1 25 | 8.8% | 10.6% | ||
| Q4 24 | 16.3% | 10.3% | ||
| Q3 24 | 13.7% | 9.8% | ||
| Q2 24 | 9.3% | 8.7% |
每股收益（稀释后）NXSTSKYW
| Q1 26 | — | $2.50 | ||
| Q4 25 | $-5.57 | $2.21 | ||
| Q3 25 | $2.14 | $2.81 | ||
| Q2 25 | $3.06 | $2.91 | ||
| Q1 25 | $3.37 | $2.42 | ||
| Q4 24 | $7.44 | $2.34 | ||
| Q3 24 | $5.27 | $2.16 | ||
| Q2 24 | $3.54 | $1.82 |
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 | $1.8B |
| 股东权益账面价值 | $2.1B | $2.7B |
| 总资产 | $10.8B | $7.3B |
| 负债/权益比越低杠杆越低 | 3.07× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资NXSTSKYW
| Q1 26 | — | — | ||
| Q4 25 | $280.0M | $122.7M | ||
| Q3 25 | $236.0M | $44.5M | ||
| Q2 25 | $234.0M | $48.3M | ||
| Q1 25 | $253.0M | $179.0M | ||
| Q4 24 | $144.0M | $227.4M | ||
| Q3 24 | $181.0M | $177.6M | ||
| Q2 24 | $146.0M | $141.8M |
总债务NXSTSKYW
| Q1 26 | — | $1.8B | ||
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.4B | $2.4B | ||
| Q2 25 | $6.4B | $2.5B | ||
| Q1 25 | $6.5B | $2.6B | ||
| Q4 24 | $6.5B | $2.7B | ||
| Q3 24 | $6.7B | $2.7B | ||
| Q2 24 | $6.8B | $2.8B |
股东权益NXSTSKYW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.1B | $2.7B | ||
| Q3 25 | $2.3B | $2.7B | ||
| Q2 25 | $2.3B | $2.6B | ||
| Q1 25 | $2.2B | $2.5B | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.2B | $2.3B | ||
| Q2 24 | $2.3B | $2.2B |
总资产NXSTSKYW
| Q1 26 | — | $7.3B | ||
| Q4 25 | $10.8B | $7.4B | ||
| Q3 25 | $11.2B | $7.2B | ||
| Q2 25 | $11.3B | $7.2B | ||
| Q1 25 | $11.4B | $7.1B | ||
| Q4 24 | $11.5B | $7.1B | ||
| Q3 24 | $11.7B | $7.0B | ||
| Q2 24 | $11.8B | $7.0B |
负债/权益比NXSTSKYW
| Q1 26 | — | 0.66× | ||
| Q4 25 | 3.07× | — | ||
| Q3 25 | 2.78× | 0.89× | ||
| Q2 25 | 2.83× | 0.97× | ||
| Q1 25 | 2.89× | 1.03× | ||
| Q4 24 | 2.89× | 1.11× | ||
| Q3 24 | 3.02× | 1.17× | ||
| Q2 24 | 2.99× | 1.25× |
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 | — |
| 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 | — | — |
| 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NXSTSKYW
| Q1 26 | — | — | ||
| Q4 25 | $190.0M | $231.5M | ||
| Q3 25 | $117.0M | $280.8M | ||
| Q2 25 | $247.0M | $257.1M | ||
| Q1 25 | $337.0M | $171.0M | ||
| Q4 24 | $411.0M | $185.9M | ||
| Q3 24 | $387.0M | $183.6M | ||
| Q2 24 | $176.0M | $165.3M |
自由现金流NXSTSKYW
| Q1 26 | — | — | ||
| Q4 25 | $136.0M | $224.3M | ||
| Q3 25 | $87.0M | $269.9M | ||
| Q2 25 | $218.0M | $251.5M | ||
| Q1 25 | $302.0M | $162.6M | ||
| Q4 24 | $376.0M | $162.7M | ||
| Q3 24 | $358.0M | $172.1M | ||
| Q2 24 | $139.0M | $159.4M |
自由现金流率NXSTSKYW
| Q1 26 | — | — | ||
| Q4 25 | 10.6% | 21.9% | ||
| Q3 25 | 7.3% | 25.7% | ||
| Q2 25 | 17.7% | 24.3% | ||
| Q1 25 | 24.5% | 17.1% | ||
| Q4 24 | 25.3% | 17.2% | ||
| Q3 24 | 26.2% | 18.9% | ||
| Q2 24 | 11.0% | 18.4% |
资本支出强度NXSTSKYW
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 0.7% | ||
| Q3 25 | 2.5% | 1.0% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | 2.8% | 0.9% | ||
| Q4 24 | 2.4% | 2.5% | ||
| Q3 24 | 2.1% | 1.3% | ||
| Q2 24 | 2.9% | 0.7% |
现金转化率NXSTSKYW
| Q1 26 | — | — | ||
| Q4 25 | — | 2.54× | ||
| Q3 25 | 1.67× | 2.41× | ||
| Q2 25 | 2.55× | 2.14× | ||
| Q1 25 | 3.12× | 1.70× | ||
| Q4 24 | 1.70× | 1.91× | ||
| Q3 24 | 2.07× | 2.05× | ||
| Q2 24 | 1.49× | 2.19× |
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% |
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
