Nexstar Media GroupNXST +6.07%86 Gross Margin % is 56.23% as of Mar. 2026, which is 5% below its 10-year median of 59.37. GuruFocus rates NXST with a GF Score™ of 86/100 and a GF Value™ of $220.11 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 953 Media - Diversified companies, Nexstar Media Group ranks better than 70.41% on this metric.
Nexstar Media Group Inc gross margin has been in long-term decline. The average rate of decline per year is -2.1%.
The historical rank and industry rank for Nexstar Media Group's Gross Margin % or its related term are showing as below:
NXST'
s Gross Margin % Range Over the Past 10 Years
Min: 54.84 Med: 59.37 Max: 65.37
Current: 55.11
During the past 13 years, the highestGross Margin % of Nexstar Media Group was 65.37%. The lowest was 54.84%. And the median was 59.37%.
NXST's Gross Margin % is ranked better than 70.41% of 953
companies
in the Media - Diversified industry
Industry Median: 38.9
vs NXST: 55.11
Nexstar Media Group had a gross margin of 56.23% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Nexstar Media Group was -2.10% per year.
Nexstar Media Group (NAS:NXST) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Nexstar Media Group had a gross margin of 56.23% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Nexstar Media Group Gross Margin % Related Terms
Nexstar Media Group Gross Margin % Historical Data
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The historical data trend for Nexstar Media Group's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NXST vs NMAX, SBGI, IHRT: Gross Margin % Comparison
For the Broadcasting subindustry, Nexstar Media Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nexstar Media Group Gross Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Nexstar Media Group's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Nexstar Media Group (NXST) has a Gross Margin % of 56.23% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Nexstar Media Group and its competitors. This is near median its historical median of 59.37. Over the past decade, Nexstar Media Group's Gross Margin % has ranged from 54.84 to 65.37. According to the industry distribution chart, Nexstar Media Group ranks #282 out of 953 companies in the Media - Diversified industry, placing it in the top 29.6%.
Is Nexstar Media Group's Gross Margin % too high?
Nexstar Media Group's current Gross Margin % of 56.23% is near median its 10-year median of 59.37. Over the past 10 years, this metric has ranged from a low of 54.84 to a high of 65.37. The Media - Diversified industry median Gross Margin % is 38.90. Nexstar Media Group's value of 56.23% is 44.6% above this industry median. Based on the distribution chart, Nexstar Media Group ranks #282 out of 953 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Nexstar Media Group has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nexstar Media Group's Gross Margin % compare to NMAX and SBGI?
According to the Media - Diversified industry distribution chart, Nexstar Media Group ranks #282 out of 953 companies for Gross Margin %. This puts Nexstar Media Group in the upper half of its industry. The industry median Gross Margin % is 38.90. Nexstar Media Group's value of 56.23% is 44.6% above this benchmark. Historically, Nexstar Media Group's own Gross Margin % has ranged from 54.84 to 65.37 over the past decade. While the company's 10-year median is 59.37 vs. the industry median of 38.90, Nexstar Media Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Media - Diversified company?
The median Gross Margin % among Media - Diversified companies is 38.90, based on 953 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nexstar Media Group's current Gross Margin % of 56.23% is 44.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Nexstar Media Group and its competitors. For the Media - Diversified industry, the median Gross Margin % is 38.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nexstar Media Group's current Gross Margin % is 56.23%, which is near median its own 10-year median of 59.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexstar Media Group stock overvalued right now?
Based on GuruFocus' analysis, Nexstar Media Group (NXST) is currently considered Modestly Undervalued. The stock's GF Value™ is $220.11, compared to a current price of $164.03 — trading 25.5% below its estimated fair value. The current Gross Margin % is 56.23%, which is near median its 10-year median of 59.37 and 44.6% above the Media - Diversified industry median of 38.90. Nexstar Media Group's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Nexstar Media Group (NXST), the current Gross Margin % is 56.23% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nexstar Media Group (NXST) Overvalued in 2026?
Based on GuruFocus' analysis, Nexstar Media Group stock appears to be undervalued.
The current stock price of $164.03 is trading 25.5% below its estimated GF Value™ of $220.11.
GuruFocus considers Nexstar Media Group to be Modestly Undervalued.
Key valuation signals for NXST:
Gross Margin %: 56.23% (near median its 10-year median of 59.37)
GF Value™: $220.11 vs. price of $164.03 (25.5% below fair value)
Industry Position: 44.6% above the Media - Diversified median (#282 of 953)
No single metric tells the full story. See the NXST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. Assuming its merger with Tegna is affirmed Nexstar's station total would exceed 259 and reach 80% of the US population. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.
86GF Score
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