Tegna Inc (TGNA)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	733,545	990,632	802,216	870,982	559,018
Revenue	US$ in thousands	2,738,030	3,105,220	2,805,440	2,727,490	2,119,510
Operating profit margin		26.79%	31.90%	28.60%	31.93%	26.37%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $733,545K ÷ $2,738,030K
= 26.79%

TEGNA Inc's operating profit margin has displayed some variability over the past five years. The operating profit margin decreased from 29.31% in 2020 to 26.74% in 2021. However, there was a notable improvement in 2022 with the margin increasing to 30.20%. In the most recent year, the operating profit margin decreased to 20.64%. This fluctuation may indicate changes in the company's cost structure, revenue generation, or efficiency in operations. Further analysis of TEGNA Inc's financial performance and strategic decisions would be necessary to fully understand the reasons behind these changes in operating profit margin.