Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 5.00% is 26% below its 5-year average of 6.77%, near the low end of its 5-year range (4.24%–8.63%).
As of the fiscal period ended Tuesday, June 30, 2026. 13.16% below its 12-month average of 5.76%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 5.00%.
RETURN ON INVESTED CAPITAL (ROIC)
5.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
6.70%
CURRENT VS TTM AVG
-13.16%
CURRENT VS 3Y AVG
-16.58%
CURRENT VS 5Y AVG
-26.08%
CURRENT VS 10Y AVG
-22.99%
CURRENT VS 15Y AVG
-26.86%
CURRENT VS 20Y AVG
-25.37%
SECTOR MEDIAN · COMMUNICATION SERVICES
1.94%
median of 148 covered companies
CURRENT VS SECTOR MEDIAN
+157.83%
vs the sector median at left
Nexstar Media Group, Inc.
Market Cap
$4.81B
Return on Invested Capital (ROIC)
5.00%
TTM Avg
5.76%
3Y Avg
6.00%
5Y Avg
6.77%
Market Cap
$4.45B
Return on Invested Capital (ROIC)
7.95%
TTM Avg
10.07%
3Y Avg
10.82%
5Y Avg
10.82%
Market Cap
$5.20B
Return on Invested Capital (ROIC)
6.43%
TTM Avg
7.54%
3Y Avg
5.59%
5Y Avg
4.16%
Market Cap
$5.60B
Return on Invested Capital (ROIC)
12.51%
TTM Avg
11.80%
3Y Avg
7.97%
5Y Avg
8.37%
Market Cap
$3.83B
Return on Invested Capital (ROIC)
N/A
TTM Avg
0.14%
3Y Avg
-0.04%
5Y Avg
1.07%
Market Cap
$3.67B
Return on Invested Capital (ROIC)
3.93%
TTM Avg
-0.91%
3Y Avg
-1.92%
5Y Avg
-2.53%
Market Cap
$3.56B
Return on Invested Capital (ROIC)
8.71%
TTM Avg
4.81%
3Y Avg
-2.37%
5Y Avg
-4.55%
Market Cap
$6.08B
Return on Invested Capital (ROIC)
-1.50%
TTM Avg
0.46%
3Y Avg
-7.54%
5Y Avg
-3.71%
Market Cap
$3.33B
Return on Invested Capital (ROIC)
-2.72%
TTM Avg
-0.91%
3Y Avg
-1.92%
5Y Avg
-2.53%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nexstar Media Group, Inc. (NXST) | $4.81B | 5.00% | 5.76% | 6.00% | 6.77% |
| Versant Media Group, Inc. Class A (VSNT)vs › | $4.45B | 7.95% | 10.07% | 10.82% | 10.82% |
| Iridium Communications Inc. (IRDM)vs › | $5.20B | 6.43% | 7.54% | 5.59% | 4.16% |
| The Trade Desk, Inc. (TTD)vs › | $5.60B | 12.51% | 11.80% | 7.97% | 8.37% |
| Liberty Global plc (LBTYB)vs › | $3.83B | N/A | 0.14% | -0.04% | 1.07% |
| Atlanta Braves Holdings, Inc. (BATRA)vs › | $3.67B | 3.93% | -0.91% | -1.92% | -2.53% |
| Magnite, Inc. (MGNI)vs › | $3.56B | 8.71% | 4.81% | -2.37% | -4.55% |
| Lumen Technologies, Inc. (LUMN)vs › | $6.08B | -1.50% | 0.46% | -7.54% | -3.71% |
| Atlanta Braves Holdings, Inc. (BATRK)vs › | $3.33B | -2.72% | -0.91% | -1.92% | -2.53% |
| Rumble Inc. (RUM)vs › | $3.32B | -5.97% | -26.45% | -29.43% | -27.48% |
ROIC
5.0%
ROE
8.3%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 5.00% |
| 2026-03-31 | 4.70% |
| 2025-12-31 | 4.59% |
| 2025-09-30 | 6.65% |
| 2025-06-30 | 7.86% |
| 2025-03-31 | 7.97% |
| 2024-12-31 | 8.36% |
| 2024-09-30 | 7.08% |
| 2024-06-30 | 5.34% |
| 2024-03-31 | 4.85% |
| 2023-12-31 | 4.24% |
| 2023-09-30 | 4.76% |
| 2023-06-30 | 6.55% |
| 2023-03-31 | 7.57% |
| 2022-12-31 | 8.55% |
| 2022-09-30 | 8.63% |
| 2022-06-30 | 8.03% |
| 2022-03-31 | 7.62% |
| 2021-12-31 | 7.13% |
| 2021-09-30 | 8.11% |
| 2021-06-30 | 8.51% |
| 2021-03-31 | 7.98% |
| 2020-12-31 | 7.93% |
| 2020-09-30 | 6.24% |
| 2020-06-30 | 4.48% |
| 2020-03-31 | 4.23% |
| 2019-12-31 | 3.15% |
| 2019-09-30 | 3.38% |
| 2019-06-30 | 8.24% |
| 2019-03-31 | 8.34% |
| 2018-12-31 | 8.17% |
| 2018-09-30 | 9.21% |
| 2018-06-30 | 8.18% |
| 2018-03-31 | 7.67% |
| 2017-12-31 | 7.51% |
| 2017-09-30 | 3.96% |
| 2017-06-30 | 3.60% |
| 2017-03-31 | 2.78% |
| 2016-12-31 | 5.63% |
| 2016-09-30 | 5.57% |
| 2016-06-30 | 7.94% |
| 2016-03-31 | 7.71% |
| 2015-12-31 | 7.36% |
| 2015-09-30 | 7.28% |
| 2015-06-30 | 6.89% |
| 2015-03-31 | 6.09% |
| 2014-12-31 | 7.32% |
| 2014-09-30 | 6.55% |
| 2014-06-30 | 5.87% |
| 2014-03-31 | 5.73% |
| 2013-12-31 | 5.23% |
| 2013-09-30 | 10.11% |
| 2013-06-30 | 10.21% |
| 2013-03-31 | 10.43% |
| 2012-12-31 | 11.23% |
| 2012-09-30 | 12.02% |
| 2012-06-30 | 7.64% |
| 2012-03-31 | 5.91% |
| 2011-12-31 | 8.90% |
| 2011-09-30 | 6.48% |
| 2011-06-30 | 7.10% |
| 2011-03-31 | 7.00% |
| 2010-12-31 | 6.76% |
| 2010-09-30 | 9.41% |
| 2010-06-30 | 4.48% |
| 2010-03-31 | 3.48% |
| 2009-12-31 | 1.44% |
| 2009-09-30 | -4.05% |
| 2009-06-30 | -7.87% |
| 2009-03-31 | -6.93% |
| 2008-12-31 | -6.66% |
| 2008-09-30 | -1.32% |
| 2008-06-30 | 5.70% |
| 2008-03-31 | 4.88% |
| 2007-12-31 | 6.15% |
| 2007-09-30 | 7.08% |
| 2007-06-30 | 7.25% |
| 2007-03-31 | 6.88% |
| 2006-12-31 | 6.81% |
| 2006-09-30 | 5.41% |
| 2006-06-30 | 4.29% |
| 2006-03-31 | 3.64% |
| 2005-12-31 | 2.88% |
| 2005-09-30 | 4.01% |
| 2005-06-30 | 4.96% |
| 2005-03-31 | 5.54% |
| 2004-12-31 | 12.32% |
| 2004-09-30 | 8.79% |
| 2004-06-30 | 7.56% |
| 2004-03-31 | 10.96% |
| 2003-12-31 | 8.12% |
