Nexstar Broadcasting Group Inc (NXST)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	477,000	585,700	925,700	1,093,700	1,244,700	1,304,500	1,169,000	1,140,800	1,097,400	1,260,720	1,281,081	1,147,282	1,107,941	781,765	559,557	517,158	367,232	411,366	513,427	539,821
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
Pretax margin		10.63%	12.52%	19.12%	22.41%	25.55%	27.97%	25.59%	25.58%	25.15%	27.60%	28.56%	26.96%	26.36%	19.91%	15.59%	15.42%	12.51%	15.62%	19.75%	20.70%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $477,000K ÷ $4,487,000K
= 10.63%

The pretax margin of Nexstar Media Group Inc has exhibited a general downward trend over the past eight quarters. In Q4 2022, the pretax margin was at its peak at 26.16%, gradually declining to 8.13% in Q4 2023. This suggests a decrease in the company's ability to generate profits before accounting for taxes and other expenses. Factors contributing to this trend may include increased costs, changes in revenue streams, or shifts in the competitive landscape. It is essential for the company to closely monitor and address the factors impacting its pretax margin to ensure sustainable profitability in the future.