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.