Tegna Inc (TGNA)

Return on equity (ROE)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 599,818 476,724 629,909 477,001 481,830
Total stockholders’ equity US$ in thousands 3,004,710 2,704,870 3,071,720 2,519,910 2,058,100
ROE 19.96% 17.62% 20.51% 18.93% 23.41%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $599,818K ÷ $3,004,710K
= 19.96%

Based on the data provided, Tegna Inc's return on equity (ROE) has shown some variability over the past five years. In 2020, the ROE stood at 23.41%, indicating that for every dollar of shareholders' equity, the company generated a return of 23.41%. However, by the end of 2021, the ROE had decreased to 18.93%, suggesting a decline in the company's ability to efficiently utilize shareholders' equity to generate profits.

The ROE improved slightly to 20.51% by the end of 2022, indicating a better performance in utilizing equity to generate returns. However, by the end of 2023, the ROE decreased again to 17.62%, showing a dip in profitability relative to shareholders' equity investment.

In the most recent year, 2024, the ROE increased to 19.96%, reflecting a modest improvement in the company's efficiency in generating profits from shareholders' equity. Overall, the trend in Tegna Inc's ROE suggests some fluctuations in the company's profitability and efficiency in generating returns for its equity investors over the past five years.