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Fox vs Nexstar Media Group: FOXA and NXST compared
Fox is the larger company: $4.6B of revenue in its latest quarter (Q1 FY27) against $2.1B for Nexstar Media Group (Q3 2026). Nexstar Media Group is growing faster (+78% against +22% a year earlier). Fox is more profitable, with an operating margin of 28.1% against 24.9%.
Where the money goes: FOXA and NXST
Fox (FOXA) · Q1 FY27
Fox, Q1 FY27: revenue $4.6B (+22% year over year), operating margin 28.1%, net earnings $943M, operating cash flow $616M. The chart follows the revenue to costs, profit and cash.
Nexstar Media Group (NXST) · Q3 2026
Nexstar Media Group, Q3 2026: revenue $2.1B (+78% year over year), operating margin 24.9%, net earnings $255M, operating cash flow $680M. The chart follows the revenue to costs, profit and cash.
| Fox (FOXA) | Nexstar Media Group (NXST) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $4.6B | $2.1B |
| Revenue growth, Y/Y | +22% | +78% |
| Operating margin | 28.1% | 24.9% |
| Net earnings | $943M | $255M |
| Net margin | 20.6% | 12.0% |
| Operating cash flow | $616M | $680M |
| Free cash flow | $503M | $634M |
| Market value | $29.0B | $6.0B |
| P/E | 14.3× | 16.9× |
| Analysts’ mean target | $80.13 | $246.75 |
Where the revenue comes from
Nexstar Media Group
- Distribution Service: $1.1B (51%)
- Advertising: $1.0B (48%)
- Other: $19.0M (1%)
Questions
Which is bigger, Fox or Nexstar Media Group?
Fox is the larger company: $4.6B of revenue in its latest quarter (Q1 FY27) against $2.1B for Nexstar Media Group (Q3 2026).
Is Fox or Nexstar Media Group growing faster?
Nexstar Media Group is growing faster (+78% against +22% a year earlier).
Which is more profitable, Fox or Nexstar Media Group?
Fox is more profitable, with an operating margin of 28.1% against 24.9%.
More: Fox earnings · how Fox makes money · Nexstar Media Group earnings · how Nexstar Media Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.