Nexstar Broadcasting Group Inc (NXST)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,346,000 | 2,412,000 | 2,204,000 | 2,398,000 | 2,571,000 | 3,001,600 | 3,164,600 | 3,205,100 | 3,206,200 | 3,002,126 | 2,924,360 | 2,852,820 | 2,798,869 | 2,963,282 | 2,980,322 | 2,809,253 | 2,793,145 | 2,516,685 | 2,164,943 | 2,017,020 |
| Revenue (ttm) | US$ in thousands | 5,406,000 | 5,223,000 | 4,989,000 | 4,960,000 | 4,933,000 | 5,115,700 | 5,252,800 | 5,257,900 | 5,211,000 | 4,970,140 | 4,858,050 | 4,744,540 | 4,648,370 | 4,779,140 | 4,740,330 | 4,523,373 | 4,501,263 | 4,224,743 | 3,770,118 | 3,504,497 |
| Gross profit margin | 61.89% | 46.18% | 44.18% | 48.35% | 52.12% | 58.67% | 60.25% | 60.96% | 61.53% | 60.40% | 60.20% | 60.13% | 60.21% | 62.00% | 62.87% | 62.11% | 62.05% | 59.57% | 57.42% | 57.56% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,346,000K ÷ $5,406,000K
= 61.89%
The gross profit margin of Nexstar Broadcasting Group Inc has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The margin started at 57.56% in March 2020 and experienced a slight decrease to 57.42% in June 2020. However, the margin began to improve gradually, reaching its peak at 62.87% in June 2021.
Subsequently, there was some volatility in the margin, with fluctuations between 60-62%, until December 31, 2022, where it stood at 61.53%. However, in the first quarter of 2023, the margin dipped to 60.96% and experienced a significant decline to 52.12% by December 31, 2023. This substantial drop may indicate challenges in maintaining profitability during that period.
In the following quarters of 2024, the gross profit margin continued to decline, hitting its lowest point at 44.18% in June 2024. The margin showed a slight recovery to 46.18% in September 2024 but significantly bounced back to 61.89% by December 31, 2024.
Overall, the gross profit margin of Nexstar Broadcasting Group Inc displays a mix of fluctuations and trends over the analyzed timeframe, indicating varying levels of operational efficiency and profitability within the company.
Peer comparison
Dec 31, 2024