Nexstar Broadcasting Group Inc (NXST)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 5,407,000 2,808,000 3,206,200 2,798,870 2,793,140
Revenue US$ in thousands 5,407,000 4,933,000 5,211,000 4,648,370 4,501,270
Gross profit margin 100.00% 56.92% 61.53% 60.21% 62.05%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $5,407,000K ÷ $5,407,000K
= 100.00%

The gross profit margin of Nexstar Broadcasting Group Inc has shown some fluctuations over the years based on the provided data. In December 31, 2020, the gross profit margin stood at 62.05%, indicating that for every dollar generated in revenue, the company retained $0.6205 after deducting the cost of goods sold. Subsequently, by December 31, 2021, the gross profit margin declined to 60.21%, reflecting a slight decrease in profitability.

However, in December 31, 2022, the gross profit margin improved to 61.53%, signaling a positive trend in profitability. The following year, by December 31, 2023, the gross profit margin decreased significantly to 56.92%, suggesting potential challenges in managing the cost of goods sold relative to revenue.

Surprisingly, in December 31, 2024, the gross profit margin surged to an extraordinary 100.00%, which could be an anomaly or a result of specific accounting adjustments or extraordinary events during that period. It is important to further investigate the reasons behind this unusually high figure.

Overall, the trend in Nexstar Broadcasting Group Inc's gross profit margin highlights both positive and negative fluctuations in profitability over the years, requiring a deeper analysis to understand the underlying factors driving these changes.


Peer comparison

Dec 31, 2024

Company name
Symbol
Gross profit margin
Nexstar Broadcasting Group Inc
NXST
100.00%
Fox Corp Class A
FOXA
82.67%
Fox Corp Class B
FOX
82.67%
Paramount Global Class B
PARA
33.46%
Tegna Inc
TGNA
43.39%