Nexstar Broadcasting Group Inc (NXST)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 722,000 | 346,000 | 971,000 | 834,000 | 811,500 |
| Total stockholders’ equity | US$ in thousands | 2,257,000 | 2,299,000 | 2,741,000 | 2,850,340 | 2,518,390 |
| ROE | 31.99% | 15.05% | 35.43% | 29.26% | 32.22% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $722,000K ÷ $2,257,000K
= 31.99%
The return on equity (ROE) for Nexstar Broadcasting Group Inc has shown some fluctuations over the past five years.
In 2020, the ROE was reported at 32.22%, indicating that for every dollar of shareholders' equity, the company generated a return of 32.22%.
By the end of 2021, the ROE had decreased slightly to 29.26%, suggesting a dip in the company's profitability in relation to its shareholders' investments.
However, in 2022, Nexstar Broadcasting Group Inc managed to improve its ROE to 35.43%, showcasing a strong performance and an increase in returns for shareholders.
The ROE took a substantial decrease in 2023, dropping to 15.05%. This significant decline may indicate challenges or inefficiencies in the company's operations during that period.
By the end of 2024, the ROE had recovered to 31.99%, signaling a positive rebound in the company's ability to generate profits relative to shareholders' equity.
Overall, Nexstar Broadcasting Group Inc's ROE demonstrates some variability in performance over the years, with a mix of improvements and declines. It is essential for the company to consistently monitor and enhance its operational efficiency to ensure sustainable returns for its shareholders.
Peer comparison
Dec 31, 2024