Tegna Inc (TGNA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	476,724	630,469	476,955	482,778	286,235
Revenue	US$ in thousands	2,738,030	3,105,220	2,805,440	2,727,490	2,119,510
Net profit margin		17.41%	20.30%	17.00%	17.70%	13.50%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $476,724K ÷ $2,738,030K
= 17.41%

Net profit margin is a key financial ratio that measures the percentage of revenue that translates into net income after deducting all expenses. TEGNA Inc has shown fluctuations in its net profit margin over the past five years.

In 2023, the net profit margin stands at 16.38%, indicating that the company retains $0.1638 in net income for every dollar of revenue generated. This marks a decrease from the previous year where the net profit margin was 19.23%. Despite the dip, the company continued to generate healthy profitability.

Comparing the current margin to 2021 (15.95%) and 2020 (16.43%), we observe a relatively stable performance in terms of profitability. Furthermore, when compared to 2019 (12.45%), there has been a clear improvement in the net profit margin in recent years, showcasing TEGNA Inc's ability to enhance its operational efficiency and manage costs effectively.

Overall, while the net profit margin of TEGNA Inc experienced minor fluctuations, it remains at a healthy level, signifying the company's effectiveness in converting revenue into profit.