FOX CORPORATION vs NEXSTAR MEDIA GROUP, INC., two Broadcasting stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Fox runs broadcast networks, cable news, and sports, and it earns 15.8% on equity at a 10.8% margin with modest debt of 0.6. Nexstar owns the largest fleet of US local-TV stations, a business built on leverage: 5.73 debt-to-equity, which lifts its free-cash yield to a fat 13.85% and explains the 4.54% dividend. Fox is the bigger and cheaper name on earnings, 12.11 times against Nexstar's 34.75, and trades at 1.79 times book to Nexstar's 2.36. Fox is the larger company by market value, $19.8B to $5.1B. The choice sets a clean national broadcaster against a heavily geared local roll-up.
Comparison updated 2026-07-11.
| Metric | FOX | NXST |
|---|---|---|
| Price | $48.74 | $173.99 |
| Market cap | $21.1B | $5.4B |
| Sector | Broadcasting | Broadcasting |
| Stage | Mature | Mature |
| Implied growth (priced in) | — | -0.4% |
| P/E | 12.9 | 36.9 |
| P/B | 1.90 | 2.50 |
| P/S | 1.30 | 1.06 |
| EV/EBITDA | 69.0 | 12.8 |
| Revenue growth | +1.1% | -3.9% |
| Operating margin | — | 19.0% |
| Net margin | 10.8% | 3.2% |
| Return on equity | 15.8% | 7.6% |
| Return on assets | 8.0% | 0.9% |
| Return on invested capital | — | 4.8% |
| FCF yield | 10.1% | 13.1% |
| Dividend yield | — | 4.3% |
| Debt / equity | 0.60 | 5.73 |
| Current ratio | 2.90 | 1.76 |
| Altman Z (solvency) | 7.26 | 0.88 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.