Nexstar Broadcasting Group Inc (NXST)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 346,000 | 435,100 | 699,100 | 830,100 | 971,100 | 1,031,900 | 912,500 | 885,600 | 834,500 | 934,847 | 955,931 | 855,426 | 811,441 | 560,406 | 363,875 | 332,282 | 230,259 | 270,156 | 376,517 | 396,247 |
| Total stockholders’ equity | US$ in thousands | 2,299,000 | 2,332,000 | 2,543,000 | 2,624,000 | 2,741,000 | 2,926,100 | 2,869,700 | 2,915,700 | 2,850,400 | 2,618,740 | 2,610,170 | 2,574,200 | 2,518,390 | 2,234,630 | 2,180,320 | 2,093,150 | 2,031,500 | 1,928,720 | 1,943,780 | 1,887,300 |
| ROE | 15.05% | 18.66% | 27.49% | 31.63% | 35.43% | 35.27% | 31.80% | 30.37% | 29.28% | 35.70% | 36.62% | 33.23% | 32.22% | 25.08% | 16.69% | 15.87% | 11.33% | 14.01% | 19.37% | 21.00% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $346,000K ÷ $2,299,000K
= 15.05%
Analyzing Nexstar Media Group Inc's return on equity (ROE) over the past eight quarters reveals a fluctuating trend. In Q1 2023, the ROE stood at 31.65%, marking a notable decline from the previous quarter's figure of 27.49%. Despite this dip, the company's ROE in Q1 2023 remained relatively strong, exceeding the 30% threshold.
Comparing the latest ROE figures to those of the same quarter in the prior year, there is a discernible downward trend. The Q1 2023 ROE of 31.65% represents a decrease from the Q1 2022 figure of 30.36%. This suggests some challenges in maintaining or improving return on equity levels over the year.
Despite the recent fluctuations, Nexstar Media Group Inc has consistently delivered ROE figures above 30% in the last few quarters, reflecting strong performance in generating profits relative to shareholders' equity. This indicates efficient utilization of capital to generate earnings.
In conclusion, while experiencing some variability, Nexstar Media Group Inc's ROE demonstrates a solid performance, with the company effectively leveraging equity to generate returns, albeit facing some challenges in sustaining elevated levels seen in the past.
Peer comparison
Dec 31, 2023