Tegna Inc (TGNA)

Return on equity (ROE)

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
Net income (ttm) US$ in thousands 598,021 492,998 442,092 560,185 474,953 617,798 667,727 599,591 630,157 541,100 523,666 498,688 476,999 591,872 595,695 509,015 482,778 322,429 238,556 298,564
Total stockholders’ equity US$ in thousands 3,004,710 2,871,370 2,801,100 2,797,890 2,704,870 2,960,540 2,904,160 3,151,260 3,071,720 2,878,260 2,741,720 2,618,850 2,519,910 2,419,710 2,258,960 2,139,340 2,058,100 1,799,540 1,675,310 1,658,260
ROE 19.90% 17.17% 15.78% 20.02% 17.56% 20.87% 22.99% 19.03% 20.51% 18.80% 19.10% 19.04% 18.93% 24.46% 26.37% 23.79% 23.46% 17.92% 14.24% 18.00%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $598,021K ÷ $3,004,710K
= 19.90%

Tegna Inc's Return on Equity (ROE) has shown some variability over the analyzed period, ranging from a low of 14.24% in June 2020 to a high of 26.37% in June 2021. The company's ROE has generally been above 15% with occasional fluctuations.

The ROE increased notably from December 2020 to June 2021, indicating improved profitability and more efficient use of shareholder equity during that period. However, there was a slight decline in ROE in the following quarters, though it remained above the 15% threshold.

Overall, Tegna Inc's ROE demonstrates a reasonably healthy performance, surpassing the benchmark ROE of 15% that is often considered a sign of efficient and effective use of shareholder funds. Investors may view the company positively based on its ability to generate returns on the equity invested in the business.