Nextnav (NN) Return on Invested Capital [ROIC] (2023 - 2025)
Nextnav (NN) posted Return on Invested Capital [ROIC] of -35.53% for Q4 2025, up 18.30 percentage points from -53.83% a year earlier but down 1.69 percentage points from the prior quarter.
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Analysis
Nextnav (NN) Return on Invested Capital [ROIC] (2023 - 2025) Analysis & Trends
For FY2025, Nextnav's Return on Invested Capital [ROIC] came in at -48.09%, up 3.43 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for three consecutive years, with a three-year change of +15.44 percentage points (FY2022 to FY2025).
- In prior years, Nextnav's Return on Invested Capital [ROIC] was -51.52% in FY2024 (+2.79 pp), -54.31% in FY2023 (+9.22 pp) and -63.53% in FY2022.
- Quarterly Return on Invested Capital [ROIC] has run from a low of -59.38% in Q2 2024 to a high of -30.02% in Q2 2025 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last four quarters, with an average year-over-year change of +11.96 percentage points over the last six quarters.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was -33.84% (Q3 2025), -30.02% (Q2 2025) and -37.58% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 66.86% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 15.92% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 37.37% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | - |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 73.74% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 66.09% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 40.01% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 12.73% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 8.09% |
| 10 | Nextnav | 2.33 Bn | 2.33 Bn | -905,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -35.53% |
| Sep 30, 2025 | -33.84% |
| Jun 30, 2025 | -30.02% |
| Mar 31, 2025 | -37.58% |
| Dec 31, 2024 | -53.83% |
| Sep 30, 2024 | -55.83% |
| Jun 30, 2024 | -59.38% |
| Mar 31, 2024 | -55.77% |
| Dec 31, 2023 | -48.92% |
| Sep 30, 2023 | -44.67% |
API Access
Nextnav Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();