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NEXSTAR MEDIA GROUP, INC.（NXST）与WEC Energy Group（WEC）财务数据对比。点击上方公司名可切换其他公司
WEC Energy Group的季度营收约是NEXSTAR MEDIA GROUP, INC.的2.0倍（$2.5B vs $1.3B），WEC Energy Group净利率更高（12.5% vs -12.9%，领先25.4%），WEC Energy Group同比增速更快（11.1% vs -13.4%），过去两年NEXSTAR MEDIA GROUP, INC.的营收复合增速更高（0.2% vs -2.7%）
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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
NXST vs WEC — 直观对比
营收规模更大
WEC
是对方的2.0倍
$1.3B
营收增速更快
WEC
高出24.5%
-13.4%
净利率更高
WEC
高出25.4%
-12.9%
两年增速更快
NXST
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.5B |
| 净利润 | $-166.0M | $316.8M |
| 毛利率 | — | 63.7% |
| 营业利润率 | 18.7% | 17.9% |
| 净利率 | -12.9% | 12.5% |
| 营收同比 | -13.4% | 11.1% |
| 净利润同比 | -168.6% | -30.1% |
| 每股收益（稀释后） | $-5.57 | — |
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NXSTWEC
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.2B | $3.1B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.3B | $1.8B | ||
| Q1 24 | $1.3B | $2.7B |
净利润NXSTWEC
| Q4 25 | $-166.0M | $316.8M | ||
| Q3 25 | $70.0M | $270.2M | ||
| Q2 25 | $97.0M | $243.0M | ||
| Q1 25 | $108.0M | $725.5M | ||
| Q4 24 | $242.0M | $453.1M | ||
| Q3 24 | $187.0M | $238.6M | ||
| Q2 24 | $118.0M | $210.0M | ||
| Q1 24 | $175.0M | $622.6M |
毛利率NXSTWEC
| Q4 25 | — | 63.7% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.6% | ||
| Q1 25 | — | 63.0% | ||
| Q4 24 | — | 67.7% | ||
| Q3 24 | — | 72.1% | ||
| Q2 24 | — | 73.5% | ||
| Q1 24 | — | 65.4% |
营业利润率NXSTWEC
| Q4 25 | 18.7% | 17.9% | ||
| Q3 25 | 14.6% | 21.4% | ||
| Q2 25 | 17.3% | 20.1% | ||
| Q1 25 | 17.8% | 29.8% | ||
| Q4 24 | 28.1% | 25.9% | ||
| Q3 24 | 24.5% | 20.6% | ||
| Q2 24 | 18.9% | 20.6% | ||
| Q1 24 | 21.4% | 30.3% |
净利率NXSTWEC
| Q4 25 | -12.9% | 12.5% | ||
| Q3 25 | 5.8% | 12.8% | ||
| Q2 25 | 7.9% | 12.1% | ||
| Q1 25 | 8.8% | 23.0% | ||
| Q4 24 | 16.3% | 19.8% | ||
| Q3 24 | 13.7% | 12.8% | ||
| Q2 24 | 9.3% | 11.9% | ||
| Q1 24 | 13.6% | 23.2% |
每股收益（稀释后）NXSTWEC
| Q4 25 | $-5.57 | — | ||
| Q3 25 | $2.14 | — | ||
| Q2 25 | $3.06 | — | ||
| Q1 25 | $3.37 | — | ||
| Q4 24 | $7.44 | — | ||
| Q3 24 | $5.27 | — | ||
| Q2 24 | $3.54 | — | ||
| Q1 24 | $5.16 | — |
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 | $27.6M |
| 总债务越低越好 | $6.3B | $20.0B |
| 股东权益账面价值 | $2.1B | $14.1B |
| 总资产 | $10.8B | $51.5B |
| 负债/权益比越低杠杆越低 | 3.07× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资NXSTWEC
| Q4 25 | $280.0M | $27.6M | ||
| Q3 25 | $236.0M | $51.1M | ||
| Q2 25 | $234.0M | $23.0M | ||
| Q1 25 | $253.0M | $82.2M | ||
| Q4 24 | $144.0M | $9.8M | ||
| Q3 24 | $181.0M | $322.5M | ||
| Q2 24 | $146.0M | $224.0M | ||
| Q1 24 | $237.0M | $38.9M |
总债务NXSTWEC
| Q4 25 | $6.3B | $20.0B | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.5B | — | ||
| Q4 24 | $6.5B | $18.9B | ||
| Q3 24 | $6.7B | $16.9B | ||
| Q2 24 | $6.8B | $16.9B | ||
| Q1 24 | $6.8B | $15.4B |
股东权益NXSTWEC
| Q4 25 | $2.1B | $14.1B | ||
| Q3 25 | $2.3B | $14.0B | ||
| Q2 25 | $2.3B | $13.7B | ||
| Q1 25 | $2.2B | $13.4B | ||
| Q4 24 | $2.3B | $12.8B | ||
| Q3 24 | $2.2B | $12.4B | ||
| Q2 24 | $2.3B | $12.4B | ||
| Q1 24 | $2.3B | $12.4B |
总资产NXSTWEC
| Q4 25 | $10.8B | $51.5B | ||
| Q3 25 | $11.2B | $49.8B | ||
| Q2 25 | $11.3B | $48.5B | ||
| Q1 25 | $11.4B | $48.2B | ||
| Q4 24 | $11.5B | $47.4B | ||
| Q3 24 | $11.7B | $45.2B | ||
| Q2 24 | $11.8B | $44.6B | ||
| Q1 24 | $11.9B | $43.9B |
负债/权益比NXSTWEC
| Q4 25 | 3.07× | 1.42× | ||
| Q3 25 | 2.78× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | 2.89× | — | ||
| Q4 24 | 2.89× | 1.48× | ||
| Q3 24 | 3.02× | 1.36× | ||
| Q2 24 | 2.99× | 1.36× | ||
| Q1 24 | 2.93× | 1.24× |
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 | $424.6M |
| 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 | — | 1.34× |
| 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NXSTWEC
| Q4 25 | $190.0M | $424.6M | ||
| Q3 25 | $117.0M | $938.9M | ||
| Q2 25 | $247.0M | $853.3M | ||
| Q1 25 | $337.0M | $1.2B | ||
| Q4 24 | $411.0M | $581.8M | ||
| Q3 24 | $387.0M | $729.0M | ||
| Q2 24 | $176.0M | $1.0B | ||
| Q1 24 | $276.0M | $863.6M |
自由现金流NXSTWEC
| Q4 25 | $136.0M | — | ||
| Q3 25 | $87.0M | $-625.7M | ||
| Q2 25 | $218.0M | $23.9M | ||
| Q1 25 | $302.0M | $461.5M | ||
| Q4 24 | $376.0M | — | ||
| Q3 24 | $358.0M | $-67.3M | ||
| Q2 24 | $139.0M | $343.5M | ||
| Q1 24 | $232.0M | $419.1M |
自由现金流率NXSTWEC
| Q4 25 | 10.6% | — | ||
| Q3 25 | 7.3% | -29.7% | ||
| Q2 25 | 17.7% | 1.2% | ||
| Q1 25 | 24.5% | 14.7% | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 26.2% | -3.6% | ||
| Q2 24 | 11.0% | 19.4% | ||
| Q1 24 | 18.1% | 15.6% |
资本支出强度NXSTWEC
| Q4 25 | 4.2% | — | ||
| Q3 25 | 2.5% | 74.4% | ||
| Q2 25 | 2.4% | 41.3% | ||
| Q1 25 | 2.8% | 22.3% | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 2.1% | 42.7% | ||
| Q2 24 | 2.9% | 39.2% | ||
| Q1 24 | 3.4% | 16.6% |
现金转化率NXSTWEC
| Q4 25 | — | 1.34× | ||
| Q3 25 | 1.67× | 3.47× | ||
| Q2 25 | 2.55× | 3.51× | ||
| Q1 25 | 3.12× | 1.60× | ||
| Q4 24 | 1.70× | 1.28× | ||
| Q3 24 | 2.07× | 3.06× | ||
| Q2 24 | 1.49× | 4.94× | ||
| Q1 24 | 1.58× | 1.39× |
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% |
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
