• Nexstar Media average return on tangible equity for 2023 was -10.34, a 37.45% decline from 2022.
• Nexstar Media average return on tangible equity for 2022 was -16.53, a 14.39% decline from 2021.
• Nexstar Media average return on tangible equity for 2021 was -14.45, a 82.22% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.