AMC
AMC Entertainment Holdings, Inc.
AMC has the edge over NXST overall, supported by stronger valuation and stronger fundamentals.
NXST
Nexstar Media Group, Inc.
NXST has lower modeled downside risk, despite its lower overall score.
AMC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Under pressure |
AMC's revenue is currently healthy, and its profitability and cash flow are stable, but its balance sheet is under pressure.
NXST Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Weak |
NXST's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
NXST PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.7x | $84.87 | -59% |
| Forward | 7.9x | $206 | — |
| Fair | 9.5x | $105 | -49% |
| Expensive | 17x | $182 | -11% |
| Current | 19x | $206 | — |
Historical ranges are pointers, not guarantees.
NXST's PE is in its expensive range at 19x. If earnings grow as analysts expect, today's price would be 7.9x next year's earnings, in its cheap range.
AMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
AMC has the edge over NXST on the outlook, with more favorable profitability expectations.
NXST Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NXST, but weaker profitability.
AMC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.40 | +$0.94 |
| Q2 2026 | -$1.10 | -$0.28 |
| Q1 2026 | -$1.09 | -$0.18 |
| Q4 2025 | -$1.34 | -$0.28 |
| Q3 2025 | -$1.34 | +$0.29 |
| Q2 2025 | -$0.82 | +$0.67 |
| Q1 2025 | -$0.91 | +$0.38 |
| Q4 2024 | -$1.06 | +$1.31 |
AMC lost $0.40 per share over the past year, a smaller loss than the year before.
NXST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $26.18 | +137% |
| Q3 2026 | $11.05 | -31% |
| Q2 2026 | $5.27 | -72% |
| Q1 2026 | $4.72 | -76% |
| Q4 2025 | $3.00 | -86% |
| Q3 2025 | $16.01 | -7.5% |
| Q2 2025 | $19.14 | +50% |
| Q1 2025 | $19.62 | +66% |
| Q4 2024 | $21.41 | +122% |
NXST has the edge over AMC on earnings quality, reporting a profit while its opponent remains loss making.
AMC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +32% |
| Q2 2026 | $1.6B | +14% |
| Q1 2026 | $1B | +21% |
| Q4 2025 | $1.3B | -1.4% |
| Q3 2025 | $1.3B | -3.6% |
| Q2 2025 | $1.4B | +36% |
| Q1 2025 | $862.5M | -9.3% |
| Q4 2024 | $1.3B | +18% |
AMC has the edge over NXST on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +12 points |
| Q2 2026 | 15% | +8.3 points |
| Q1 2026 | -4.4% | +13 points |
| Q4 2025 | 0% | -0.3 points |
| Q3 2025 | 2.8% | -2.6 points |
| Q2 2025 | 6.6% | +11 points |
| Q1 2025 | -17% | -5.5 points |
| Q4 2024 | 0.4% | +14 points |
AMC's operating margin was 15% last quarter, up 12 points from the same quarter a year ago, near the top of its range since 2019.
NXST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.1B | +78% |
| Q2 2026 | $2B | +62% |
| Q1 2026 | $1.4B | +13% |
| Q4 2025 | $1.3B | -13% |
| Q3 2025 | $1.2B | -12% |
| Q2 2025 | $1.2B | -3.2% |
| Q1 2025 | $1.2B | -3.9% |
| Q4 2024 | $1.5B | +14% |
NXST's revenue has picked up after four years of holding roughly level: $2.1B last quarter, up 78% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +10 points |
| Q2 2026 | 18% | +0.8 points |
| Q1 2026 | 19% | +1.2 points |
| Q4 2025 | 19% | -9.3 points |
| Q3 2025 | 15% | -9.9 points |
| Q2 2025 | 17% | -1.6 points |
| Q1 2025 | 18% | -3.6 points |
| Q4 2024 | 28% | +10 points |
NXST has the edge over AMC on profitability, with a higher operating margin.
AMC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $109.3M | +$190.4M |
| Q2 2026 | $190.1M | +114% |
| Q1 2026 | -$174.7M | +$242.3M |
| Q4 2025 | $43.3M | -62% |
| Q3 2025 | -$81.1M | +$11.1M |
| Q2 2025 | $88.9M | +$168.1M |
| Q1 2025 | -$417M | -$178.2M |
| Q4 2024 | $113.9M | +$263.8M |
AMC has the edge over NXST on cash flow, with more consistent year-over-year improvement.
NXST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $634M | +629% |
| Q2 2026 | $253M | +16% |
| Q1 2026 | $267M | -12% |
| Q4 2025 | $136M | -64% |
| Q3 2025 | $87M | -76% |
| Q2 2025 | $218M | +57% |
| Q1 2025 | $302M | +30% |
| Q4 2024 | $376M | +158% |
NXST's free cash flow has been positive every quarter for seven years: $1.3B over the past year, up 31% from the year before.
AMC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +24% | +175M shares |
| 1 year | +107% | +463M shares |
| 3 years | +767% | +793M shares |
| 5 years | +4063% | +875M shares |
AMC has 897M diluted shares, up 107% from a year ago.
NXST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +105K shares |
| 1 year | +1.2% | +364K shares |
| 3 years | -12% | -4.4M shares |
| 5 years | -29% | -12.5M shares |
| Available history | -35% | -16.9M shares |
NXST has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $50M |
| Q1 2025 | $75M |
| Q4 2024 | $178M |
| Q3 2024 | $177M |
| Q2 2024 | $135M |
| Q1 2024 | $111M |
AMC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.0x | Elevated |
| Q2 2026 | 5.7x | High |
| Q1 2026 | 9.2x | High |
| Q4 2025 | 12.2x | High |
| Q3 2025 | 12.2x | High |
| Q2 2025 | 10.7x | High |
| Q1 2025 | 18.6x | High |
| Q4 2024 | 14.3x | High |
AMC has the edge over NXST on leverage, with a lower net debt burden relative to earnings.
NXST Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.4x | High |
| Q2 2026 | 8.3x | High |
| Q1 2026 | 9.2x | High |
| Q4 2025 | 4.6x | High |
| Q3 2025 | 3.3x | Elevated |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 3.1x | Elevated |
NXST's net debt is about 6.4 years of its operating earnings (EBITDA), up from 3.3 years a year ago.
AMC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.3 | Neutral |
| Stochastic | 65.4 | Neutral |
AMC's weekly RSI is 67 (neutral) and its Stochastic is 65 (neutral).
NXST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.8 | Neutral |
| Stochastic | 69.7 | Neutral |
NXST's weekly RSI is 63 (neutral) and its Stochastic is 70 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
NXST PE vs Communication Services Sector
| Metric | NXST | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 16x | 13% above |
| PE % | 86 | 26 | 60 pts above |
NXST is trading at 19x earnings, a 13% premium to the Communication Services sector's median of 16x.
AMC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.01 | 11% above |
| 20 week MA | $2.64 | 27% above |
| 50 week MA | $2.01 | 66% above |
| 100 week MA | $2.53 | 32% above |
| 200 week MA | $10.9 | 69% below |
AMC has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 69% below its 200-week average.
NXST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $172.3 | 20% above |
| 20 week MA | $177.3 | 16% above |
| 50 week MA | $193.7 | 6.4% above |
| 100 week MA | $184.9 | 11% above |
| 200 week MA | $175.2 | 18% above |
NXST has the edge over AMC on trend strength, trading above more of its moving averages.
AMC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.5 | $12.6 | -66% |
| 2021 | $12.6 | $142.6 | +1036% |
| 2022 | $142.6 | $44.0 | -69% |
| 2023 | $44.0 | $6.12 | -86% |
| 2024 | $6.12 | $4.00 | -35% |
| 2025 | $4.00 | $1.69 | -58% |
| 2026 YTD | $1.69 | $3.34 | +98% |
AMC has the edge over NXST on returns for 2026, with the stronger performance.
NXST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $118.2 | $105.0 | -11% |
| 2021 | $105.0 | $152.8 | +45% |
| 2022 | $152.8 | $176.0 | +15% |
| 2023 | $176.0 | $156.8 | -11% |
| 2024 | $156.8 | $159.1 | +1.5% |
| 2025 | $159.1 | $205.0 | +29% |
| 2026 YTD | $205.0 | $206.0 | +0.5% |
NXST has finished higher in four of the last six years. It's roughly flat so far in 2026.