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Tegna Gross Margin %

: 46.85% (As of Mar. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Tegna's Gross Profit for the three months ended in Mar. 2022 was $363 Mil. Tegna's Revenue for the three months ended in Mar. 2022 was $774 Mil. Therefore, Tegna's Gross Margin % for the quarter that ended in Mar. 2022 was 46.85%.

Warning Sign:

Tegna Inc gross margin has been in long-term decline. The average rate of decline per year is -4.3%.


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

TGNA' s Gross Margin % Range Over the Past 10 Years
Min: 45.01   Med: 51.33   Max: 63.64
Current: 46.83


During the past 13 years, the highest Gross Margin % of Tegna was 63.64%. The lowest was 45.01%. And the median was 51.33%.

TGNA's Gross Margin % is ranked better than
60.06% of 939 companies
in the Media - Diversified industry
Industry Median: 39.07 vs TGNA: 46.83

Tegna had a gross margin of 46.85% for the quarter that ended in Mar. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tegna was -4.30% per year.


Tegna Gross Margin % Historical Data

The historical data trend for Tegna'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.

Tegna Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.94 51.71 46.59 48.83 46.55

Tegna Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.71 45.82 47.16 47.43 46.85

Competitive Comparison

For the Broadcasting subindustry, Tegna'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.

   

Tegna Gross Margin % Distribution

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

* The bar in red indicates where Tegna's Gross Margin % falls into.



Tegna Gross Margin % Calculation

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

Tegna's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=1392.3 / 2991.093
=(Revenue - Cost of Goods Sold) / Revenue
=(2991.093 - 1598.759) / 2991.093
=46.55 %

Tegna's Gross Margin for the quarter that ended in Mar. 2022 is calculated as


Gross Margin % (Q: Mar. 2022 )=Gross Profit (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=362.7 / 774.123
=(Revenue - Cost of Goods Sold) / Revenue
=(774.123 - 411.45) / 774.123
=46.85 %

* 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.

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.


Tegna  (NYSE:TGNA) 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

Tegna had a gross margin of 46.85% for the quarter that ended in Mar. 2022 => 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.


Tegna Gross Margin % Related Terms

Thank you for viewing the detailed overview of Tegna's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Tegna Business Description

Tegna logo
Traded in Other Exchanges
Address
8350 Broad Street, Suite 2000, Tysons, VA, USA, 22102-5151
Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has around 64 television stations and 2 radio stations in approximately 51 U.S markets. The company owns multicast networks of True Crime Network and Quest. It generates key revenue from advertising and marketing services, subscription, political advertising, and other services.
Executives
Kim Soohyung 10 percent owner C/O STANDARD GENERAL L.P. 767 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10153
Standard General L.p. 10 percent owner 767 FIFTH AVENUE 12TH FLOOR NEW YORK NY 10153
Grimes Karen H. director TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Harrison Akinyale S. officer: SVP, General Counsel and Sec. C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Bianchini Gina L director 312 WALNUT STREET, SUITE 1800 CINCINNATI OH 45202
Epstein Stuart J. director C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Witmer Melinda director C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Trelstad Lynn B. officer: EVP and COO - Media Operations C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Nolop Bruce P director C/O E*TRADE FINANCIAL CORPORATE SERVICES 135 EAST 57TH STREET NEW YORK NY 10022
Mccune Scott K director C/O GANNETT CO., INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Shapiro Neal director GANNETT CO., INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Ness Susan director C/O ADELPHIA COMMUNICATIONS CORP 5619 DTC PARKWAY EDGEWOOD CO 80111
Elias Howard D director C/O EMC CORPORATION 176 SOUTH STREET HOPKINTON MA 01748
Greenthal Jill A director MARTHA STEWART LIVING OMNIMEDIA INC 11 WEST 42ND STREET 25TH FLOOR NEW YORK NY 10036
Mcgee Henry Wadsworth Iii director 1300 MORRIS DRIVE CHESTERBROOK PA 19087

Tegna Headlines

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