Nexstar Broadcasting Group Inc (NXST)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 708,000 | 1,312,000 | 1,175,400 | 1,375,400 | 655,131 |
| Revenue | US$ in thousands | 4,486,000 | 4,871,500 | 4,371,480 | 4,117,920 | 2,816,780 |
| Operating profit margin | 15.78% | 26.93% | 26.89% | 33.40% | 23.26% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $708,000K ÷ $4,486,000K
= 15.78%
The operating profit margin of Nexstar Media Group Inc has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 15.06% from 27.68% in 2022, indicating a significant decline in profitability. This decrease may be attributed to various factors such as changes in revenue, operating expenses, or one-time expenses impacting profitability.
Comparing the operating profit margin of 2023 to the previous years, it is lower than the values seen in 2021 (25.24%), 2020 (28.97%), and 2019 (18.16%). This suggests a deviation from the historical trend of stable to increasing profitability levels. It would be important for stakeholders to further investigate the reasons behind this decline in operating profit margin and assess the company's operational efficiency and cost management strategies to address any underlying issues.
Peer comparison
Dec 31, 2023