Nexstar Broadcasting Group Inc (NXST)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 721,000 | 594,000 | 432,000 | 410,000 | 323,000 | 412,300 | 676,300 | 807,300 | 971,300 | 1,031,993 | 912,593 | 885,693 | 834,593 | 934,847 | 955,931 | 855,426 | 811,441 | 560,406 | 363,875 | 332,282 |
| Total stockholders’ equity | US$ in thousands | 219,000 | 2,219,000 | 2,267,000 | 2,321,000 | 2,299,000 | 2,332,000 | 2,543,000 | 2,624,000 | 2,741,000 | 2,926,100 | 2,869,700 | 2,915,700 | 2,850,340 | 2,618,740 | 2,610,170 | 2,574,200 | 2,518,390 | 2,234,630 | 2,180,320 | 2,093,150 |
| ROE | 329.22% | 26.77% | 19.06% | 17.66% | 14.05% | 17.68% | 26.59% | 30.77% | 35.44% | 35.27% | 31.80% | 30.38% | 29.28% | 35.70% | 36.62% | 33.23% | 32.22% | 25.08% | 16.69% | 15.87% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $721,000K ÷ $219,000K
= 329.22%
Nexstar Broadcasting Group Inc's return on equity (ROE) has displayed significant fluctuations over the provided periods. The ROE increased steadily from March 31, 2020, where it stood at 15.87%, reaching its peak at June 30, 2022, with a ROE of 36.62%. During this period, Nexstar demonstrated an improving ability to generate profit from shareholders' equity.
However, from September 30, 2022, the ROE started to decline, signaling a downturn in the company's profitability relative to its equity. Even though the ROE increased slightly by December 31, 2022, reaching 35.44%, it saw a sharp decrease by March 31, 2023, dropping to 30.77%. This trend persisted until June 30, 2024, where the ROE was at 19.06%.
The most notable anomaly within the data is the substantial increase in ROE reported on December 31, 2024, which erroneously stood at 329.22%. Such an extraordinary figure is likely a data error or anomaly that skews the analysis.
Overall, while Nexstar Broadcasting Group Inc's ROE saw fluctuations during the period under review, it is crucial to investigate and potentially correct any data anomalies to ensure accurate financial analysis and decision-making.
Peer comparison
Dec 31, 2024