Nexstar Media Group (Nexstar Media Group) Gross Margin % : 58.59% (As of Dec. 2023)

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What is Nexstar Media Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Nexstar Media Group's Gross Profit for the three months ended in Dec. 2023 was $764 Mil. Nexstar Media Group's Revenue for the three months ended in Dec. 2023 was $1,304 Mil. Therefore, Nexstar Media Group's Gross Margin % for the quarter that ended in Dec. 2023 was 58.59%.

The historical rank and industry rank for Nexstar Media Group's Gross Margin % or its related term are showing as below:

NXST' s Gross Margin % Range Over the Past 10 Years
Min: 55.63 Med: 60.73 Max: 70.31
Current: 56.38

During the past 13 years, the highest Gross Margin % of Nexstar Media Group was 70.31%. The lowest was 55.63%. And the median was 60.73%.

NXST's Gross Margin % is ranked better than
72.61% of 964 companies
in the Media - Diversified industry
Industry Median: 38.555 vs NXST: 56.38

Nexstar Media Group had a gross margin of 58.59% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Nexstar Media Group was 0.00% per year.

Nexstar Media Group Gross Margin % Historical Data

The historical data trend for Nexstar Media Group's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nexstar Media Group Gross Margin % Chart

Nexstar Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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55.63

61.78

59.94

61.52

56.36

Nexstar Media Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															66.24	57.20	56.69	52.56	58.59

Competitive Comparison of Nexstar Media Group's Gross Margin %

For the Entertainment subindustry, Nexstar Media Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nexstar Media Group's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Nexstar Media Group's Gross Margin % falls into.

Nexstar Media Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Nexstar Media Group's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	2780	/	4933
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4933 - 2153)	/	4933
	=	56.36 %

Nexstar Media Group's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	764	/	1304
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1304 - 540)	/	1304
	=	58.59 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Nexstar Media Group (NAS:NXST) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Nexstar Media Group had a gross margin of 58.59% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Nexstar Media Group Gross Margin % Related Terms

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Nexstar Media Group (Nexstar Media Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nexstar Media Group Inc (NAS:NXST) » Definitions » Gross Margin %

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Traded in Other Exchanges

NXZ:Germany

Address

545 E. John Carpenter Freeway, Suite 700, Irving, TX, USA, 75062

Website

https://www.nexstar.tv

Nexstar is the largest television station owner/operator in the United States, with 200 stations in 116 markets. Of its 200 full-power stations, 155 are affiliated with the four national broadcasters: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.

Executives

Blake Russell	officer: Vice President, Marketing	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Thomas Carter	officer: Senior Advisor	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Charles Thomas Mcmillen	director	1103 SOUTH CAROLINA AVENUE, WASHINGTON DC 20003
D Geoffrey Armstrong	director	5900 PRINCESS GARDEN PARKWAY, 7TH FL, LANHAM MD 20706
Gary Weitman	officer: See Remarks	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Dana Zimmer	officer: President, Distribution	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Sean Compton	officer: President, Networks	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Jay M. Grossman	director	C/O ABRY PARTNERS, LLC, 888 BOYLSTON STREET, BOSTON MA 02199
Michael Biard	officer: President & COO	C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Lee Ann Gliha	officer: EVP, Chief Financial Officer	545 E. JOHN CARPENTER FREEWAY, IRVING TX 75062
Perry A Sook	director, officer: Chief Executive Officer	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Royce A. Wells	director	C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Rachel Morgan	officer: EVP General Counsel	545 E. JOHN CARPENTER FREEWAY, IRVING TX 75062
Andrew Alford	officer: See Remarks	545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING TX 75062
Brett Jenkins	officer: Chief Technology Officer	C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, STE 700, IRVING TX 75062