Nexstar Broadcasting Group Inc (NXST)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	531,000	688,700	919,300	1,015,900	1,205,300	1,029,232	1,009,431	1,007,599	998,012	2,207,990	2,220,858	2,091,028	2,070,713	1,794,193	1,565,340	1,531,566	1,375,632	1,073,564	1,188,552	1,222,426
Revenue (ttm)	US$ in thousands	4,487,000	4,679,000	4,840,500	4,881,200	4,872,100	4,663,260	4,568,540	4,460,260	4,362,690	4,567,140	4,484,930	4,255,842	4,203,036	3,926,516	3,589,930	3,353,221	2,935,222	2,633,154	2,599,789	2,607,727
Gross profit margin		11.83%	14.72%	18.99%	20.81%	24.74%	22.07%	22.10%	22.59%	22.88%	48.35%	49.52%	49.13%	49.27%	45.69%	43.60%	45.67%	46.87%	40.77%	45.72%	46.88%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $531,000K ÷ $4,487,000K
= 11.83%

Nexstar Media Group Inc's gross profit margin has shown a slight decline over the quarters, from 61.53% in Q4 2022 to 56.36% in Q4 2023. This trend indicates a gradual decrease in the company's profitability in generating revenue after accounting for the cost of goods sold. However, it is worth noting that the gross profit margin has remained above 50% throughout the periods, reflecting a healthy level of profitability in relation to the cost of sales. Further analysis is warranted to understand the factors contributing to the fluctuations in the gross profit margin and to evaluate the overall financial health and efficiency of Nexstar Media Group Inc.