NXST vs FWONA vs FOXA Stock Comparison

Nexstar Media, Liberty Media and Fox Prices as of Nov 5, 2026 Peers: Industry group
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NXST Nexstar Media Group, Inc.
$187.88 +19.4% 1M -4.3% 1Y
Market cap
$5.86B
P/E
15.7x
Revenue (TTM)
$6.81B
Div. yield
0.04%
Television Broadcasting Communication Services
2 wins
FWONA Liberty Media Corp
$99.72 +13.7% 1M +8.3% 1Y
Market cap
$25.35B
P/E
45.4x
Revenue (TTM)
$4.48B
Div. yield
–
Live Entertainment Communication Services
4 wins
FOXA Fox Corp
$67.67 +9.0% 1M +4.5% 1Y
Market cap
$28.10B
P/E
13.9x
Revenue (TTM)
$17.96B
Div. yield
–
Television Broadcasting Communication Services
5 wins

Head to Head

11 decided of 12

Fox leads on 5 of the 12 questions below (Fox 5, Liberty Media 4, Nexstar Media 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNXSTFWONAFOXALeader
Larger companyMarket capitalisation $5.86B $25.35B $28.10B FOXA
Cheaper on earningsLower P/E, profitable companies only 15.7x 45.4x 13.9x FOXA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.7x 53.9x 12.0x NXST
Faster revenue growthRevenue growth, trailing twelve months +32.3% +10.9% +9.0% NXST
More profitableNet margin, trailing twelve months 5.5% 12.5% 11.3% FWONA
Better return on capitalReturn on invested capital 7.7% 3.0% 11.1% FOXA
Less leveragedLower net debt / EBITDA 5.6x 3.0x 0.6x FOXA
Higher dividend yieldTrailing dividend yield 0.04% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -4.3% +8.3% +4.5% FWONA
Better 5-year returnAnnualised price return, 5 years +2.3%/yr +13.3%/yr +10.3%/yr FWONA
Less volatileAnnualised volatility, 1 year 37.0% 26.4% 36.6% FWONA
Higher overall scoreMean of the five percentile scores vs peers 70/100 65/100 74/100 FOXA

Percentile Scorecard

NXSTFWONAFOXA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisNXSTFWONAFOXA
Valuation 85 #9 of 53 42 #8 of 13 65 #19 of 53
Growth 79 #10 of 44 80 #3 of 11 74 #12 of 44
Profitability 86 #7 of 43 70 #4 of 11 91 #5 of 43
Financial Health 40 #37 of 61 67 #5 of 13 88 #8 of 61
Shareholder Returns 61 #12 of 29 – 50 #15 of 29
Overall 70 65 74
  • NXST ranked among 62 companies in Advertising and Media
  • FWONA ranked among 13 companies in Live Venues
  • FOXA ranked among 62 companies in Advertising and Media

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodNXSTFWONAFOXASPY
1 month +19.4%+13.7%+9.0% -5.9%
3 months 0.0%+9.3%+9.5% -4.6%
6 months -3.4%+16.3%+7.9% +0.2%
Year to date -7.5%+11.6%-7.4% +7.5%
1 year -4.3%+8.3%+4.5% +8.2%
3 years +22.2%+73.7%+116.2% +68.3%
3 years, per year +6.9%+20.2%+29.3% +19.0%
5 years +12.1%+86.7%+63.1% +56.5%
5 years, per year +2.3%+13.3%+10.3% +9.4%
10 years +296.8%+266.2%— +251.5%
10 years, per year +14.8%+13.9%— +13.4%

Risk

MeasureNXSTFWONAFOXASPY
Volatility, 1Y 37.0%26.4%36.6% 13.6%
Downside volatility, 1Y 38.1%22.6%41.8% 14.2%
Beta vs S&P 500, 1Y 0.380.080.16 1.00
Return / volatility, 1Y -0.120.310.12 0.60
Max drawdown, 5Y -39.0%-25.7%-36.0% -25.4%
From 52-week high -25.9%0.0%-11.1% -5.9%
52-week high $253.64$99.72$76.11 $779.14
52-week low $154.70$74.51$48.79 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleNXSTFWONAFOXA
P/E now vs peer median 15.5xmedian 14.0x 44.9xmedian 41.0x 14.0xmedian 14.0x
P/S now vs peer median 0.9xmedian 0.5x 5.0xmedian 1.3x 1.6xmedian 0.5x
EV/EBITDA now vs peer median 8.6xmedian 9.6x 24.4xmedian 16.5x 9.6xmedian 9.6x
P/FCF now vs peer median 4.5xmedian 8.0x 22.9xmedian 18.5x 12.9xmedian 8.0x
P/B now vs peer median 2.3xmedian 1.6x 2.8xmedian 2.8x 2.3xmedian 1.6x
PEG now vs peer median -20.87median 0.40 5.08median 0.48 0.45median 0.40

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsNXSTFWONAFOXA
Revenue $6.81B $4.48B $17.96B
Gross profit $3.77B $1.62B –
Operating income $1.40B $595.00M –
Net income $353.00M $556.00M $2.08B
Free cash flow $1.29B $978.00M $2.21B
EPS (diluted) $12.03 $2.11 $4.74
Cash & equivalents $446.00M $1.76B $4.54B
Total debt $11.41B $5.53B $6.61B
Shares (diluted) 31.01M 264.00M 428.00M
Enterprise value $4.48B $19.15B $13.74B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricNXSTFWONAFOXA
P/E 15.5x 44.9x 14.0x
P/FCF 4.5x 22.9x 12.9x
P/Operating cash flow 4.0x 19.5x 10.5x
P/S 0.9x 5.0x 1.6x
P/B 2.3x 2.8x 2.3x
P/Tangible book -2.2x 7.2x 2.9x
EV/EBITDA 8.6x 24.4x 9.6x
EV/EBIT 12.0x 43.0x 11.1x
EV/Revenue 2.5x 5.7x 1.7x
EV/FCF 13.0x 26.1x 13.9x
EV/Operating cash flow 11.5x 22.3x 11.3x
PEG (3Y EPS CAGR) -20.87 5.08 0.45

Growth

14 metrics
MetricNXSTFWONAFOXA
Revenue growth (1Y) 32.3% 10.9% 9.0%
Revenue CAGR (3Y) 10.0% 48.2% 6.4%
Gross profit growth (1Y) 29.1% 548.6% –
Gross profit CAGR (3Y) 7.9% 29.4% –
Operating income growth (1Y) 36.7% 51.0% –
Operating income CAGR (3Y) 22.0% 35.3% –
Net income growth (1Y) -26.9% 511.9% 0.2%
Net income CAGR (3Y) 0.5% -26.9% 25.3%
EPS growth (1Y) -28.7% 662.6% 6.0%
EPS CAGR (3Y) -0.7% 8.8% 31.0%
Operating cash flow growth (1Y) 31.0% 42.7% -10.5%
Operating cash flow CAGR (3Y) 12.1% 58.4% 21.1%
Free cash flow growth (1Y) 31.2% 35.1% -17.3%
Free cash flow CAGR (3Y) 14.3% 51.0% 23.3%

Profitability

14 metrics
MetricNXSTFWONAFOXA
Gross margin 55.4% 36.0% –
EBITDA margin 28.7% 23.4% 17.8%
Operating margin 20.6% 13.3% –
Pretax margin 6.7% 11.9% 15.4%
Net margin 5.5% 12.5% 11.3%
FCF margin 18.9% 21.8% 12.3%
Operating cash flow margin 21.4% 25.6% 15.1%
Return on equity 15.6% 7.2% 17.1%
Return on assets 2.1% 3.4% 9.1%
Return on invested capital 7.7% 3.0% 11.1%
Return on capital employed 8.8% 4.3% 13.6%
Asset turnover 0.4x 0.3x 0.8x
Cash conversion (OCF / net income) 4.1x 2.1x 1.3x
Stock comp / revenue 1.5% 0.5% 0.8%

Financial Health

11 metrics
MetricNXSTFWONAFOXA
Debt / assets 64.2% 33.0% 28.6%
Debt / equity 4.6x 0.7x 0.5x
Net debt / EBITDA 5.6x 3.0x 0.6x
Debt / FCF 8.8x 5.7x 3.0x
Liabilities / assets 86.1% 53.0% 45.6%
Equity / assets 13.9% 47.0% 54.4%
Interest coverage 2.4x 2.1x –
Current ratio 1.3x 1.3x 3.8x
Quick ratio 1.1x 1.1x 3.4x
Cash ratio 0.3x 1.0x 1.9x
Altman Z-score 1.21 2.62 3.47

Shareholder Returns

7 metrics
MetricNXSTFWONAFOXA
Dividend yield 4.0% – 0.8%
Net buyback yield – – 6.1%
Shareholder yield 4.0% – 7.0%
Payout ratio (earnings) 64.6% – –
Payout ratio (FCF) 17.7% – –
Dividend growth (1Y) 3.2% – –
Dividend CAGR (3Y) 8.4% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusNXSTFWONAFOXA
Forward P/E 5.7xFY2026 53.9xFY2026 12.0xFY2027
EPS, next fiscal year $32.94FY2026 $1.85FY2026 $5.63FY2027
EPS growth, next FY +998.0%FY2026 -16.3%FY2026 +3.9%FY2027
EPS growth, the year after -45.6% +14.1% +10.5%
Revenue, next fiscal year $8.32BFY2026 $4.97BFY2026 $17.19BFY2027
Revenue growth, next FY +68.2%FY2026 +10.9%FY2026 +0.4%FY2027
Revenue growth, the year after -4.3% -0.7% -1.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNXSTFWONAFOXA
Held by institutions 100.0% 9.3% 60.1%
Institutions holding 488 302 747
Change in shares held, QoQ +4.0% +10.2% +9.3%
Institutions buying 220 154 374
Institutions selling 181 77 274
Buyers to sellers 1.22 2.00 1.36

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

NXSTFWONAFOXA
NXST 1.00 0.15 0.28
FWONA 0.15 1.00 0.19
FOXA 0.28 0.19 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, NXST, FWONA and FOXA?

Fox (FOXA) is the largest by market capitalisation: Nexstar Media (NXST) $5.86B, Liberty Media (FWONA) $25.35B, Fox (FOXA) $28.10B.

Which stock is cheaper, NXST, FWONA and FOXA?

Fox (FOXA) trades on the lowest price-to-earnings ratio (Nexstar Media (NXST) 15.7x, Liberty Media (FWONA) 45.4x, Fox (FOXA) 13.9x). On next year's consensus earnings, Nexstar Media (NXST) is cheapest (Nexstar Media (NXST) 5.7x, Liberty Media (FWONA) 53.9x, Fox (FOXA) 12.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Nexstar Media (NXST) grew revenue fastest over the trailing twelve months: Nexstar Media (NXST) +32.3%, Liberty Media (FWONA) +10.9%, Fox (FOXA) +9.0%.

Which company is more profitable?

Liberty Media (FWONA) has the highest net margin (Nexstar Media (NXST) 5.5%, Liberty Media (FWONA) 12.5%, Fox (FOXA) 11.3%). On return on invested capital, Fox (FOXA) leads (Nexstar Media (NXST) 7.7%, Liberty Media (FWONA) 3.0%, Fox (FOXA) 11.1%).

Which stock has performed better?

Over the past year Liberty Media (FWONA) returned the most: Nexstar Media (NXST) -4.3%, Liberty Media (FWONA) +8.3%, Fox (FOXA) +4.5%. Over five years, Liberty Media (FWONA) compounded fastest (Nexstar Media (NXST) +2.3%/yr, Liberty Media (FWONA) +13.3%/yr, Fox (FOXA) +10.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Nexstar Media (NXST) 0.04%, Liberty Media (FWONA) 0.00%, Fox (FOXA) 0.00%. Liberty Media (FWONA) and Fox (FOXA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Liberty Media (FWONA) has been the steadiest (Nexstar Media (NXST) 37.0%, Liberty Media (FWONA) 26.4%, Fox (FOXA) 36.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NXST, FWONA and FOXA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Fox (FOXA) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.