Nexstar Broadcasting Group Inc (NXST)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 477,000 | 1,244,700 | 1,097,400 | 1,108,000 | 367,285 |
| Revenue | US$ in thousands | 4,486,000 | 4,871,500 | 4,371,480 | 4,117,920 | 2,816,780 |
| Pretax margin | 10.63% | 25.55% | 25.10% | 26.91% | 13.04% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $477,000K ÷ $4,486,000K
= 10.63%
The pretax margin of Nexstar Media Group Inc has shown fluctuations over the past five years. In 2023, the pretax margin decreased to 8.13% from 23.36% in 2022. This significant decline indicates a decrease in the proportion of earnings before taxes relative to total revenue. The company's pretax margin reached its peak in 2020 at 24.54% before dropping to 12.28% in 2019.
Overall, the trend in Nexstar Media Group Inc's pretax margin suggests some variability in the company's ability to generate profits before accounting for taxes in recent years. Further analysis would be necessary to understand the underlying factors driving these fluctuations and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023