Tegna Inc (TGNA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,345,860 | 1,192,070 | 1,586,020 | 1,392,330 | 1,434,490 |
| Revenue | US$ in thousands | 3,101,970 | 2,910,930 | 3,279,240 | 2,991,090 | 2,937,780 |
| Gross profit margin | 43.39% | 40.95% | 48.37% | 46.55% | 48.83% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,345,860K ÷ $3,101,970K
= 43.39%
The gross profit margin, which represents the efficiency of a company in generating profits from its core business activities, for Tegna Inc has shown some fluctuations over the years. From December 31, 2020, to December 31, 2024, the trend indicates some variability in the company's ability to generate profits from its sales.
The gross profit margin started at a relatively strong level of 48.83% in December 2020 but experienced a slight decline by the end of December 2021 to 46.55%. However, the margin improved in the following year, reaching 48.37% by December 31, 2022.
Subsequently, there was a notable decrease in the gross profit margin to 40.95% by December 31, 2023, suggesting potential challenges in controlling production or procurement costs relative to revenue. However, there was a recovery in the gross profit margin to 43.39% by December 31, 2024.
Overall, while the gross profit margin for Tegna Inc has shown fluctuations, it is essential for the company to closely monitor its cost structures and revenue streams to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2024