Nexstar Broadcasting Group Inc (NXST)

Net 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
Net income (ttm)	US$ in thousands	346,000	435,100	699,100	830,100	971,100	1,031,900	912,500	885,600	834,500	934,847	955,931	855,426	811,441	560,406	363,875	332,282	230,259	270,156	376,517	396,247
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
Net profit margin		7.71%	9.30%	14.44%	17.01%	19.93%	22.13%	19.97%	19.86%	19.13%	20.47%	21.31%	20.10%	19.31%	14.27%	10.14%	9.91%	7.84%	10.26%	14.48%	15.20%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $346,000K ÷ $4,487,000K
= 7.71%

The net profit margin of Nexstar Media Group Inc has shown a declining trend over the past few quarters. From Q1 2022 to Q4 2023, the net profit margin has decreased from 18.66% to 7.01%. This indicates that the company's profitability relative to its revenue has been decreasing. It is important to further investigate the reasons behind this decline in profitability to understand the company's financial performance and make informed decisions.