Nexstar Broadcasting Group Inc (NXST)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 346,000 | 971,000 | 834,500 | 811,500 | 230,259 |
| Total stockholders’ equity | US$ in thousands | 2,299,000 | 2,741,000 | 2,850,400 | 2,518,390 | 2,031,500 |
| ROE | 15.05% | 35.43% | 29.28% | 32.22% | 11.33% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $346,000K ÷ $2,299,000K
= 15.05%
Nexstar Media Group Inc's return on equity (ROE) has shown variability over the past five years. In 2023, the ROE declined to 15.05% from 35.43% in the previous year. This decrease indicates a lower ability of the company to generate profits from its shareholders' equity compared to the prior year.
Looking at a broader trend, the ROE has fluctuated over the period, with a notable increase in 2022 compared to 2021. This suggests that the company experienced a significant improvement in its profitability and efficiency in 2022.
Overall, while the ROE for Nexstar Media Group Inc has shown some volatility, it is essential to further investigate the reasons behind these fluctuations to determine the company's ability to generate returns for its shareholders consistently.
Peer comparison
Dec 31, 2023