Tegna Inc (TGNA)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	772,987	648,058	580,182	721,246	606,546	792,767	858,696	790,366	833,568	706,802	682,387	644,257	613,678	781,171	789,839	678,179	637,056	428,385	307,573	386,227
Revenue (ttm)	US$ in thousands	3,101,971	2,957,296	2,863,712	2,884,855	2,910,930	3,102,206	3,192,074	3,245,449	3,279,245	3,136,762	3,090,138	3,038,165	2,991,093	3,154,021	3,135,923	2,980,642	2,937,780	2,694,160	2,507,628	2,466,933
Pretax margin		24.92%	21.91%	20.26%	25.00%	20.84%	25.55%	26.90%	24.35%	25.42%	22.53%	22.08%	21.21%	20.52%	24.77%	25.19%	22.75%	21.68%	15.90%	12.27%	15.66%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $772,987K ÷ $3,101,971K
= 24.92%

Tegna Inc's pretax margin has shown some fluctuations over the periods analyzed. The pretax margin, which represents how efficiently a company generates profits before taxes, ranged from a low of 12.27% in June 2020 to a high of 26.90% in June 2023.

The trend indicates that Tegna Inc's profitability improved significantly from mid-2020 onwards, with the pretax margin consistently trending upwards until mid-2023. However, there was a slight decrease in the pretax margin in the last quarter of 2023 and the first half of 2024.

Overall, Tegna Inc's pretax margin performance demonstrates the company's ability to effectively manage its costs and generate profits before tax. Investors and stakeholders may want to further investigate the factors that drove the fluctuations in the pretax margin to assess the company's financial health and operational efficiency.