Tegna Inc (TGNA)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 20.10% | 30.19% | 26.60% | 28.88% | 23.84% |
| Operating profit margin | 26.79% | 31.90% | 28.60% | 31.93% | 26.37% |
| Pretax margin | 22.17% | 26.82% | 21.83% | 23.36% | 17.72% |
| Net profit margin | 17.41% | 20.30% | 17.00% | 17.70% | 13.50% |
TEGNA Inc's profitability ratios have shown some fluctuations over the past five years. The gross profit margin, which indicates the percentage of revenue retained after accounting for the cost of goods sold, has generally been around 46-48%. However, there was a notable decrease in 2023 to 40.95%.
The operating profit margin, reflecting the company's ability to generate profits from its core operations, has also varied, ranging from 24% to 30% over the period. The trend shows a decline in 2023 to 20.64%, which might indicate challenges in controlling operating expenses.
The pretax margin, representing the percentage of each dollar of revenue that translates into earnings before taxes, has fluctuated between 16% and 25%. In 2023, the pretax margin was 20.84%, reflecting a slight increase compared to the previous year.
Lastly, the net profit margin, which shows the bottom line profitability after all expenses have been accounted for, has ranged from 12% to 19% over the five-year period. In 2023, the net profit margin was 16.38%, suggesting a moderate decrease compared to the prior year.
Overall, TEGNA Inc's profitability ratios indicate some variability in performance, with a downward trend in profitability margins in 2023 compared to previous years. Further analysis of factors impacting expenses and revenues may be necessary to understand the changes in profitability.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.48% | 13.52% | 11.60% | 12.72% | 8.04% |
| Return on assets (ROA) | 6.81% | 8.60% | 6.89% | 7.05% | 4.12% |
| Return on total capital | 13.50% | 16.40% | 13.88% | 15.10% | 10.07% |
| Return on equity (ROE) | 17.62% | 20.52% | 18.93% | 23.46% | 18.00% |
TEGNA Inc's profitability ratios have shown varying trends over the past five years.
- Operating return on assets (Operating ROA) has fluctuated with a high of 13.51% in 2022 and a low of 7.96% in 2019, indicating the company's ability to generate operating profit relative to its total assets.
- Return on assets (ROA) has also displayed fluctuations, ranging from 4.12% in 2019 to 8.60% in 2022, showcasing the company's overall profitability in relation to its total assets.
- Return on total capital has seen fluctuations as well, with a peak of 16.05% in 2022 and a low of 9.77% in 2019, reflecting the company's efficiency in generating returns on its total invested capital.
- Return on equity (ROE) has depicted a positive trend, reaching a high of 23.46% in 2020 and a low of 17.62% in 2023, illustrating the company's ability to generate profits for its shareholders based on their equity investments.
Overall, TEGNA Inc has shown a mix of profitability performance over the years, with certain ratios exhibiting upward trends while others fluctuate. Further analysis of the company's financial statements and industry benchmarks may provide additional insights into its financial health and operational efficiency.