Nexstar Broadcasting Group Inc (NXST)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 346,000 | 971,000 | 834,500 | 811,500 | 230,259 |
| Revenue | US$ in thousands | 4,486,000 | 4,871,500 | 4,371,480 | 4,117,920 | 2,816,780 |
| Net profit margin | 7.71% | 19.93% | 19.09% | 19.71% | 8.17% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $346,000K ÷ $4,486,000K
= 7.71%
The net profit margin of Nexstar Media Group Inc has exhibited variability over the past five years, ranging from a low of 7.01% in December 2023 to a high of 18.64% in December 2022. The trend shows a significant decrease in the net profit margin from 2022 to 2023, suggesting potential challenges in controlling operational expenses relative to revenue generation. However, in the years prior to 2023, the company generally maintained a healthy net profit margin above 15%, indicating efficient cost management and strong profitability. Further analysis of the underlying factors influencing the net profit margin in 2023 may be warranted to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023