3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Nexstar Media Group's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 35.84%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nexstar Media Group's 3-Year ROIIC % or its related term are showing as below:
NXST's 3-Year ROIIC % is ranked better than 79.82% of 1006
companies
in the Media - Diversified industry
Industry Median: 0.105
vs NXST: 35.84
Nexstar Media Group 3-Year ROIIC % Historical Data
The historical data trend for Nexstar Media Group's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Nexstar Media Group's 3-Year ROIIC %
For the Entertainment subindustry, Nexstar Media Group's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nexstar Media Group's 3-Year ROIIC % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nexstar Media Group's 3-Year ROIIC % falls into.
Nexstar Media Group 3-Year ROIIC % Calculation
Nexstar Media Group's 3-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 500.2619 (Dec. 2023) - 998.34136 (Dec. 2020) )
/
( 11335 (Dec. 2023) - 12724.541 (Dec. 2020) )
=
-498.07946
/
-1389.541
=
35.84%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Nexstar Media Group (NAS:NXST) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Nexstar Media Group 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Nexstar Media Group's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nexstar Media Group (Nexstar Media Group) Business Description
Nexstar is the largest television station owner/operator in the United States, with 200 stations in 116 markets. Of its 200 full-power stations, 155 are affiliated with the four national broadcasters: CBS, Fox, NBC, and ABC. The 2019 merger with Tribune made Nexstar the top broadcast affiliate for both Fox and CBS as well as the number-two partner for NBC and number three for ABC. The firm has networks in 12 of the top 20 television markets and reaches over 68% of U.S. TV households. Nexstar also owns NewsNation (formerly WGN), a nationwide pay-television network, 75% of The CW, and a 31% stake in Food Network and Cooking Channel.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NXST has been successfully added to your 