Tegna Inc (TGNA)

Operating 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
Operating income (ttm)	US$ in thousands	733,545	918,027	1,015,628	955,050	990,632	871,830	850,922	815,423	802,216	986,448	1,002,799	892,374	870,982	654,060	533,192	600,907	559,018	635,336	682,787	694,110
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
Operating profit margin		26.79%	31.34%	33.64%	31.09%	31.90%	29.45%	29.23%	28.56%	28.59%	33.27%	34.09%	31.50%	30.71%	26.56%	22.91%	26.28%	26.37%	30.73%	33.23%	33.99%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $733,545K ÷ $2,738,026K
= 26.79%

TEGNA Inc's operating profit margin has displayed a somewhat fluctuating trend over the past eight quarters. Starting at 26.81% in Q1 2022, the margin increased to a peak of 30.20% in Q4 2022 before gradually declining to 20.64% in Q4 2023. This downward trend indicates a decrease in efficiency in generating operating profits relative to revenues. While the company experienced a slight recovery in Q3 2023 with a margin of 25.31%, it failed to reach previous levels of profitability. Overall, TEGNA Inc has shown variability in its operating profit margin performance, suggesting the need for continued monitoring and analysis to address potential operational challenges and improve profitability.