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Nexstar Media Group vs Versant Media Group: NXST and VSNT compared
Nexstar Media Group is the larger company: $2.1B of revenue in its latest quarter (Q3 2026) against $1.6B for Versant Media Group (Q3 2026). Nexstar Media Group is growing faster (+78% against -4% a year earlier). Nexstar Media Group is more profitable, with an operating margin of 24.9% against 6.9%.
Where the money goes: NXST and VSNT
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.
Versant Media Group (VSNT) · Q3 2026
Versant Media Group, Q3 2026: revenue $1.6B (-4% year over year), operating margin 6.9%, net earnings $47.0M, operating cash flow $346M. The chart follows the revenue to costs, profit and cash.
| Nexstar Media Group (NXST) | Versant Media Group (VSNT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.1B | $1.6B |
| Revenue growth, Y/Y | +78% | -4% |
| Operating margin | 24.9% | 6.9% |
| Net earnings | $255M | $47.0M |
| Net margin | 12.0% | 2.9% |
| Operating cash flow | $680M | $346M |
| Free cash flow | $634M | $302M |
| Market value | $6.0B | $4.8B |
| P/E | 16.9× | 6.6× |
| Analysts’ mean target | $246.75 | $43.00 |
Where the revenue comes from
Nexstar Media Group
- Distribution Service: $1.1B (51%)
- Advertising: $1.0B (48%)
- Other: $19.0M (1%)
Versant Media Group
- Linear distribution: $935M (59%)
- Advertising: $373M (23%)
- Platforms: $245M (15%)
- Content licensing and other: $41.0M (3%)
Questions
Which is bigger, Nexstar Media Group or Versant Media Group?
Nexstar Media Group is the larger company: $2.1B of revenue in its latest quarter (Q3 2026) against $1.6B for Versant Media Group (Q3 2026).
Is Nexstar Media Group or Versant Media Group growing faster?
Nexstar Media Group is growing faster (+78% against -4% a year earlier).
Which is more profitable, Nexstar Media Group or Versant Media Group?
Nexstar Media Group is more profitable, with an operating margin of 24.9% against 6.9%.
More: Nexstar Media Group earnings · how Nexstar Media Group makes money · Versant Media Group earnings · how Versant Media Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.