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NEXSTAR MEDIA GROUP, INC.（NXST）与SPIRE INC（SR）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SPIRE INC的1.7倍（$1.3B vs $762.2M），SPIRE INC净利率更高（12.5% vs -12.9%，领先25.4%），SPIRE INC同比增速更快（13.9% vs -13.4%），NEXSTAR MEDIA GROUP, INC.自由现金流更多（$136.0M vs $-121.8M），过去两年NEXSTAR MEDIA GROUP, INC.的营收复合增速更高（0.2% vs -17.8%）
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。
Spire Inc是总部位于美国密苏里州圣路易斯的区域公用事业控股公司，核心业务为受监管的天然气供应服务，同时布局非监管类业务拓展商业机会。旗下主要子公司Laclede Gas Company是密苏里州最大的天然气分销公用事业企业，为圣路易斯市及密苏里州东部10个县的约63.1万户住宅、商业及工业客户提供服务。
NXST vs SR — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $762.2M |
| 净利润 | $-166.0M | $95.0M |
| 毛利率 | — | 55.1% |
| 营业利润率 | 18.7% | 22.8% |
| 净利率 | -12.9% | 12.5% |
| 营收同比 | -13.4% | 13.9% |
| 净利润同比 | -168.6% | 16.9% |
| 每股收益（稀释后） | $-5.57 | $1.54 |
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 | $762.2M | ||
| Q3 25 | $1.2B | $334.1M | ||
| Q2 25 | $1.2B | $421.9M | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.5B | $669.1M | ||
| Q3 24 | $1.4B | $293.8M | ||
| Q2 24 | $1.3B | $414.1M | ||
| Q1 24 | $1.3B | $1.1B |
| Q4 25 | $-166.0M | $95.0M | ||
| Q3 25 | $70.0M | $-39.8M | ||
| Q2 25 | $97.0M | $20.9M | ||
| Q1 25 | $108.0M | $209.3M | ||
| Q4 24 | $242.0M | $81.3M | ||
| Q3 24 | $187.0M | $-25.9M | ||
| Q2 24 | $118.0M | $-12.6M | ||
| Q1 24 | $175.0M | $204.3M |
| Q4 25 | — | 55.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 55.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 18.7% | 22.8% | ||
| Q3 25 | 14.6% | -0.1% | ||
| Q2 25 | 17.3% | 16.4% | ||
| Q1 25 | 17.8% | 29.1% | ||
| Q4 24 | 28.1% | 22.2% | ||
| Q3 24 | 24.5% | 6.7% | ||
| Q2 24 | 18.9% | 7.4% | ||
| Q1 24 | 21.4% | 26.5% |
| Q4 25 | -12.9% | 12.5% | ||
| Q3 25 | 5.8% | -11.9% | ||
| Q2 25 | 7.9% | 5.0% | ||
| Q1 25 | 8.8% | 19.9% | ||
| Q4 24 | 16.3% | 12.2% | ||
| Q3 24 | 13.7% | -8.8% | ||
| Q2 24 | 9.3% | -3.0% | ||
| Q1 24 | 13.6% | 18.1% |
| Q4 25 | $-5.57 | $1.54 | ||
| Q3 25 | $2.14 | $-0.77 | ||
| Q2 25 | $3.06 | $0.29 | ||
| Q1 25 | $3.37 | $3.51 | ||
| Q4 24 | $7.44 | $1.34 | ||
| Q3 24 | $5.27 | $-0.63 | ||
| Q2 24 | $3.54 | $-0.28 | ||
| Q1 24 | $5.16 | $3.58 |
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 | $4.1M |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $2.1B | $3.4B |
| 总资产 | $10.8B | $11.9B |
| 负债/权益比越低杠杆越低 | 3.07× | — |
8季度趋势，按日历期对齐
| Q4 25 | $280.0M | $4.1M | ||
| Q3 25 | $236.0M | $5.7M | ||
| Q2 25 | $234.0M | $13.1M | ||
| Q1 25 | $253.0M | $15.2M | ||
| Q4 24 | $144.0M | $11.5M | ||
| Q3 24 | $181.0M | $4.5M | ||
| Q2 24 | $146.0M | $7.4M | ||
| Q1 24 | $237.0M | $25.6M |
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.5B | — | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $6.7B | — | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | $6.8B | — |
| Q4 25 | $2.1B | $3.4B | ||
| Q3 25 | $2.3B | $3.4B | ||
| Q2 25 | $2.3B | $3.5B | ||
| Q1 25 | $2.2B | $3.5B | ||
| Q4 24 | $2.3B | $3.3B | ||
| Q3 24 | $2.2B | $3.2B | ||
| Q2 24 | $2.3B | $3.3B | ||
| Q1 24 | $2.3B | $3.4B |
| Q4 25 | $10.8B | $11.9B | ||
| Q3 25 | $11.2B | $11.6B | ||
| Q2 25 | $11.3B | $11.4B | ||
| Q1 25 | $11.4B | $11.3B | ||
| Q4 24 | $11.5B | $11.3B | ||
| Q3 24 | $11.7B | $10.9B | ||
| Q2 24 | $11.8B | $10.7B | ||
| Q1 24 | $11.9B | $10.7B |
| Q4 25 | 3.07× | — | ||
| Q3 25 | 2.78× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | 2.89× | — | ||
| Q4 24 | 2.89× | — | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 2.99× | — | ||
| Q1 24 | 2.93× | — |
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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $-121.8M |
| 自由现金流率自由现金流/营收 | 10.6% | -16.0% |
| 资本支出强度资本支出/营收 | 4.2% | 26.6% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | $743.0M | $-286.7M |
8季度趋势，按日历期对齐
| Q4 25 | $190.0M | $81.0M | ||
| Q3 25 | $117.0M | $-4.9M | ||
| Q2 25 | $247.0M | $129.1M | ||
| Q1 25 | $337.0M | $372.7M | ||
| Q4 24 | $411.0M | $81.1M | ||
| Q3 24 | $387.0M | $82.9M | ||
| Q2 24 | $176.0M | $270.1M | ||
| Q1 24 | $276.0M | $489.4M |
| Q4 25 | $136.0M | $-121.8M | ||
| Q3 25 | $87.0M | $-227.6M | ||
| Q2 25 | $218.0M | $-91.4M | ||
| Q1 25 | $302.0M | $154.1M | ||
| Q4 24 | $376.0M | $-179.5M | ||
| Q3 24 | $358.0M | $-146.9M | ||
| Q2 24 | $139.0M | $47.9M | ||
| Q1 24 | $232.0M | $306.6M |
| Q4 25 | 10.6% | -16.0% | ||
| Q3 25 | 7.3% | -68.1% | ||
| Q2 25 | 17.7% | -21.7% | ||
| Q1 25 | 24.5% | 14.7% | ||
| Q4 24 | 25.3% | -26.8% | ||
| Q3 24 | 26.2% | -50.0% | ||
| Q2 24 | 11.0% | 11.6% | ||
| Q1 24 | 18.1% | 27.2% |
| Q4 25 | 4.2% | 26.6% | ||
| Q3 25 | 2.5% | 66.7% | ||
| Q2 25 | 2.4% | 52.3% | ||
| Q1 25 | 2.8% | 20.8% | ||
| Q4 24 | 2.4% | 38.9% | ||
| Q3 24 | 2.1% | 78.2% | ||
| Q2 24 | 2.9% | 53.7% | ||
| Q1 24 | 3.4% | 16.2% |
| Q4 25 | — | 0.85× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 2.55× | 6.18× | ||
| Q1 25 | 3.12× | 1.78× | ||
| Q4 24 | 1.70× | 1.00× | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 1.58× | 2.40× |
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% |
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
