Name: Operating Profit Margin

Definition: Operating profit margin focuses on profits from the company’s core business — before interest payments and taxes. It reflects how well the business manages operating costs relative to sales. Strong operating margins show efficient day-to-day operations. Shrinking margins may reveal rising overhead, pricing weakness, or declining efficiency.

Interpretation:
• In '2021', TGNA's operating profit margin was 26.7%, highlighting profit earned from core business operations. Industry average for Broadcasting in '2021' stood at 12.2%.
• In '2022', TGNA's operating profit margin was 30.2%, highlighting profit earned from core business operations. The increase since '2021' reflects strengthening financial performance. Industry average for Broadcasting in '2022' stood at 12.7%. Industry average increased by 0.5% compared to previous year.
• In '2023', TGNA's operating profit margin was 20.6%, highlighting profit earned from core business operations. The decline from '2022' may indicate some operational or financial challenges. Industry average for Broadcasting in '2023' stood at 6.6%. Industry average declined by 6.1% from previous year.
• In '2024', TGNA's operating profit margin was 25.3%, highlighting profit earned from core business operations. The increase since '2023' reflects strengthening financial performance. Industry average for Broadcasting in '2024' stood at 8.5%. Industry average increased by 2.0% compared to previous year.
Overall, TGNA's operating profit margin has been volatile but generally stable over the past 4 years.

Formula: Operating Profit Margin = Operating Income / Revenue

Good Range: Often 10%-30% depending on business model.