Nexstar Broadcasting Group Inc (NXST)

Return on total capital

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before interest and tax (EBIT)	US$ in thousands	1,415,000	848,000	1,553,700	1,375,960	1,439,870
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,257,000	2,299,000	2,741,000	2,850,340	2,518,390
Return on total capital		62.69%	36.89%	56.68%	48.27%	57.17%

December 31, 2024 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,415,000K ÷ ($—K + $2,257,000K)
= 62.69%

The return on total capital for Nexstar Broadcasting Group Inc has displayed some fluctuation over the past five years. In 2020, the return on total capital was 57.17%, indicating the company generated a healthy return relative to the total capital employed. Subsequently, in 2021, there was a slight decrease to 48.27%, followed by an increase in 2022 to 56.68%. However, the return on total capital dipped in 2023 to 36.89%, reflecting a lower return compared to the previous years.

Notably, in 2024, there was a significant improvement as the return on total capital surged to 62.69%, marking a substantial rebound and surpassing the levels seen in the earlier years. Overall, the trend in return on total capital for Nexstar Broadcasting Group Inc showcases variability but has demonstrated resilience with the company's ability to generate favorable returns on the total capital employed in its operations.