LIBERTY MEDIA CORPORATION vs NEXSTAR MEDIA GROUP, INC., two Broadcasting stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Liberty Media's Formula One tracks the commercial rights to Grand Prix racing, a franchise where the value lives in the rights themselves more than in current accounting profit, so there is no useful earnings multiple to cite. Nexstar, the largest US local-TV broadcaster, is a cash machine dressed in leverage: 13.85% free-cash yield, a 4.54% dividend, and 5.73 debt-to-equity. Formula One carries far less debt at 0.66 and trades at 3.74 times book against Nexstar's 2.36. Formula One is the much larger company by market value, $28.9B to $5.1B. One owns a global sports franchise; the other owns hundreds of local signals.
Comparison updated 2026-07-11.
| Metric | FWONA | NXST |
|---|---|---|
| Price | $88.17 | $173.99 |
| Market cap | $30.0B | $5.4B |
| Sector | Broadcasting | Broadcasting |
| Stage | Growth | Mature |
| Implied growth (priced in) | — | -0.4% |
| P/E | — | 36.9 |
| P/B | 3.88 | 2.50 |
| P/S | 6.32 | 1.06 |
| EV/EBITDA | 29.7 | 12.8 |
| Revenue growth | +37.9% | -3.9% |
| Operating margin | 9.0% | 19.0% |
| Net margin | 1.4% | 3.2% |
| Return on equity | 0.9% | 7.6% |
| Return on assets | 0.4% | 0.9% |
| Return on invested capital | 5.0% | 4.8% |
| FCF yield | -0.4% | 13.1% |
| Dividend yield | — | 4.3% |
| Debt / equity | 0.66 | 5.73 |
| Current ratio | 1.35 | 1.76 |
| Altman Z (solvency) | 3.44 | 0.88 |
| Piotroski F (quality) | 4 / 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.