Nexstar Broadcasting Group Inc (NXST)

Operating 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
Operating income (ttm)	US$ in thousands	708,000	771,100	1,033,100	1,188,100	1,313,100	1,343,800	1,265,200	1,219,500	1,175,400	1,381,131	1,447,328	1,355,281	1,375,396	1,101,363	879,381	833,072	655,131	671,409	742,687	767,237
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
Operating profit margin		15.78%	16.48%	21.34%	24.34%	26.95%	28.82%	27.69%	27.34%	26.94%	30.24%	32.27%	31.85%	32.72%	28.05%	24.50%	24.84%	22.32%	25.50%	28.57%	29.42%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $708,000K ÷ $4,487,000K
= 15.78%

Nexstar Media Group Inc's operating profit margin has displayed a declining trend over the past eight quarters, starting from 27.68% in Q4 2022 and decreasing to 15.06% in Q4 2023. This downward trajectory suggests a potential challenge in maintaining profitability from its core operations. The most recent figure of 15.06% indicates that for every dollar of revenue generated, the company is retaining approximately 15 cents as operating profit. This may be a cause for concern as it indicates decreased efficiency in managing operating expenses relative to revenue. Further analysis of the company's cost structure and operational efficiency may be warranted to address this decline in operating profit margin.