Tegna Inc (TGNA)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	550,343	733,082	830,487	893,304	937,590	821,295	798,076	767,423	746,127	921,934	928,126	871,671	896,520	557,866	509,540	558,411	503,962	562,985	586,893	590,909
Revenue (ttm)	US$ in thousands	2,738,026	2,929,039	3,018,919	3,072,141	3,105,223	2,960,707	2,911,012	2,855,380	2,805,443	2,964,889	2,941,372	2,832,700	2,836,323	2,462,274	2,327,638	2,286,943	2,119,507	2,067,602	2,054,721	2,041,869
Gross profit margin		20.10%	25.03%	27.51%	29.08%	30.19%	27.74%	27.42%	26.88%	26.60%	31.10%	31.55%	30.77%	31.61%	22.66%	21.89%	24.42%	23.78%	27.23%	28.56%	28.94%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $550,343K ÷ $2,738,026K
= 20.10%

TEGNA Inc's gross profit margin has shown a declining trend over the past eight quarters. The margin decreased from 48.37% in Q4 2022 to 40.95% in Q4 2023. This downward trajectory indicates a potential decrease in the efficiency of the company's production and pricing strategies. The company should assess the factors contributing to this trend, such as cost management, pricing strategies, or changes in the market environment, to address and improve the declining gross profit margin.