• Nexstar Media average return on equity for 2023 was 21.49, a 35.72% decline from 2022.
• Nexstar Media average return on equity for 2022 was 33.43, a 5.24% decline from 2021.
• Nexstar Media average return on equity for 2021 was 35.28, a 47.62% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.