• Nexstar Media average operating margin for 2023 was 17.91%, a 31.04% decline from 2022.
• Nexstar Media average operating margin for 2022 was 25.97%, a 9.39% decline from 2021.
• Nexstar Media average operating margin for 2021 was 28.66%, a 10.53% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.