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.
Peer comparison
Dec 31, 2024