Nexstar Broadcasting Group Inc (NXST)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	959,000	401,000	1,217,100	1,093,310	1,104,570
Revenue	US$ in thousands	5,407,000	4,933,000	5,211,000	4,648,370	4,501,270
Pretax margin		17.74%	8.13%	23.36%	23.52%	24.54%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $959,000K ÷ $5,407,000K
= 17.74%

Nexstar Broadcasting Group Inc's pretax margin has shown some fluctuation over the years. Starting at 24.54% on December 31, 2020, the pretax margin declined slightly to 23.52% by December 31, 2021 and further to 23.36% by December 31, 2022. However, there was a significant drop to 8.13% by December 31, 2023, indicating a substantial decrease in profitability. Subsequently, the pretax margin recovered to 17.74% by December 31, 2024. Overall, while the company experienced some variability in its pretax margin, it managed to partly recover from a low point in 2023.