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NEWS

NASDAQ: NWSA · USD

NEWS financials

6 charts

Revenue

USD millions

$2,337M
NEWS Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2014 Q1$2,072M; Change unavailable vs FY 2013 Q4
FY 2014 Q2$2,238M; +8.0% vs FY 2014 Q1
FY 2014 Q3$2,078M; −7.1% vs FY 2014 Q2
FY 2014 Q4$2,186M; +5.2% vs FY 2014 Q3
FY 2015 Q1$2,150M; −1.6% vs FY 2014 Q4
FY 2015 Q2$2,280M; +6.0% vs FY 2015 Q1
FY 2015 Q3$2,062M; −9.6% vs FY 2015 Q2
FY 2015 Q4$2,141M; +3.8% vs FY 2015 Q3
FY 2016 Q1$2,014M; −5.9% vs FY 2015 Q4
FY 2016 Q2$2,161M; +7.3% vs FY 2016 Q1
FY 2016 Q3$1,891M; −12.5% vs FY 2016 Q2
FY 2016 Q4$2,117M; +12.0% vs FY 2016 Q3
FY 2017 Q1$1,965M; −7.2% vs FY 2016 Q4
FY 2017 Q2$2,116M; +7.7% vs FY 2017 Q1
FY 2017 Q3$1,978M; −6.5% vs FY 2017 Q2
FY 2017 Q4$2,080M; +5.2% vs FY 2017 Q3
FY 2018 Q1$2,058M; −1.1% vs FY 2017 Q4
FY 2018 Q2$2,180M; +5.9% vs FY 2018 Q1
FY 2018 Q3$2,093M; −4.0% vs FY 2018 Q2
FY 2018 Q4$2,693M; +28.7% vs FY 2018 Q3
FY 2019 Q1$2,524M; −6.3% vs FY 2018 Q4
FY 2019 Q2$2,627M; +4.1% vs FY 2019 Q1
FY 2019 Q3$2,457M; −6.5% vs FY 2019 Q2
FY 2019 Q4$2,466M; +0.4% vs FY 2019 Q3
FY 2020 Q1$2,340M; −5.1% vs FY 2019 Q4
FY 2020 Q2$2,479M; +5.9% vs FY 2020 Q1
FY 2020 Q3$2,266M; −8.6% vs FY 2020 Q2
FY 2020 Q4$1,923M; −15.1% vs FY 2020 Q3
FY 2021 Q1$2,117M; +10.1% vs FY 2020 Q4
FY 2021 Q2$2,414M; +14.0% vs FY 2021 Q1
FY 2021 Q3$2,335M; −3.3% vs FY 2021 Q2
FY 2021 Q4$2,492M; +6.7% vs FY 2021 Q3
FY 2022 Q1$2,502M; +0.4% vs FY 2021 Q4
FY 2022 Q2$2,717M; +8.6% vs FY 2022 Q1
FY 2022 Q3$2,492M; −8.3% vs FY 2022 Q2
FY 2022 Q4$2,674M; +7.3% vs FY 2022 Q3
FY 2023 Q1$2,478M; −7.3% vs FY 2022 Q4
FY 2023 Q2$2,521M; +1.7% vs FY 2023 Q1
FY 2023 Q3$2,447M; −2.9% vs FY 2023 Q2
FY 2023 Q4$2,433M; −0.6% vs FY 2023 Q3
FY 2024 Q1$2,499M; +2.7% vs FY 2023 Q4
FY 2024 Q2$2,586M; +3.5% vs FY 2024 Q1
FY 2024 Q3$2,423M; −6.3% vs FY 2024 Q2
FY 2024 Q4$2,092M; −13.7% vs FY 2024 Q3
FY 2025 Q1$2,577M; +23.2% vs FY 2024 Q4
FY 2025 Q2$2,238M; −13.2% vs FY 2025 Q1
FY 2025 Q3$2,009M; −10.2% vs FY 2025 Q2
FY 2025 Q4$2,109M; +5.0% vs FY 2025 Q3
FY 2026 Q1$2,144M; +1.7% vs FY 2025 Q4
FY 2026 Q2$2,362M; +10.2% vs FY 2026 Q1
FY 2026 Q3$2,185M; −7.5% vs FY 2026 Q2
FY 2026 Q4$2,337M; +7.0% vs FY 2026 Q3
Sep 30, 2013 through Sep 25, 2026

Free cash flow

USD millions

$276M
NEWS Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2014 Q1$-8M; Change unavailable vs FY 2013 Q4
FY 2014 Q2$268M; +3450.0% vs FY 2014 Q1
FY 2014 Q3$299M; +11.6% vs FY 2014 Q2
FY 2014 Q4$-84M; −128.1% vs FY 2014 Q3
FY 2015 Q1$69M; +182.1% vs FY 2014 Q4
FY 2015 Q2$240M; +247.8% vs FY 2015 Q1
FY 2015 Q3$125M; −47.9% vs FY 2015 Q2
FY 2015 Q4$19M; −84.8% vs FY 2015 Q3
FY 2016 Q1$78M; +310.5% vs FY 2015 Q4
FY 2016 Q2$148M; +89.7% vs FY 2016 Q1
FY 2016 Q3$183M; +23.6% vs FY 2016 Q2
FY 2016 Q4$287M; +56.8% vs FY 2016 Q3
FY 2017 Q1$-317M; −210.5% vs FY 2016 Q4
FY 2017 Q2$213M; +167.2% vs FY 2017 Q1
FY 2017 Q3$158M; −25.8% vs FY 2017 Q2
FY 2017 Q4$187M; +18.4% vs FY 2017 Q3
FY 2018 Q1$-66M; −135.3% vs FY 2017 Q4
FY 2018 Q2$142M; +315.2% vs FY 2018 Q1
FY 2018 Q3$189M; +33.1% vs FY 2018 Q2
FY 2018 Q4$128M; −32.3% vs FY 2018 Q3
FY 2019 Q1$-20M; −115.6% vs FY 2018 Q4
FY 2019 Q2$114M; +670.0% vs FY 2019 Q1
FY 2019 Q3$150M; +31.6% vs FY 2019 Q2
FY 2019 Q4$112M; −25.3% vs FY 2019 Q3
FY 2020 Q1$-90M; −180.4% vs FY 2019 Q4
FY 2020 Q2$45M; +150.0% vs FY 2020 Q1
FY 2020 Q3$172M; +282.2% vs FY 2020 Q2
FY 2020 Q4$215M; +25.0% vs FY 2020 Q3
FY 2021 Q1$62M; −71.2% vs FY 2020 Q4
FY 2021 Q2$248M; +300.0% vs FY 2021 Q1
FY 2021 Q3$497M; +100.4% vs FY 2021 Q2
FY 2021 Q4$40M; −92.0% vs FY 2021 Q3
FY 2022 Q1$-33M; −182.5% vs FY 2021 Q4
FY 2022 Q2$255M; +872.7% vs FY 2022 Q1
FY 2022 Q3$493M; +93.3% vs FY 2022 Q2
FY 2022 Q4$140M; −71.6% vs FY 2022 Q3
FY 2023 Q1$-135M; −196.4% vs FY 2022 Q4
FY 2023 Q2$79M; +158.5% vs FY 2023 Q1
FY 2023 Q3$376M; +375.9% vs FY 2023 Q2
FY 2023 Q4$273M; −27.4% vs FY 2023 Q3
FY 2024 Q1$-179M; −165.6% vs FY 2023 Q4
FY 2024 Q2$248M; +238.5% vs FY 2024 Q1
FY 2024 Q3$422M; +70.2% vs FY 2024 Q2
FY 2024 Q4$111M; −73.7% vs FY 2024 Q3
FY 2025 Q1$-31M; −127.9% vs FY 2024 Q4
FY 2025 Q2$190M; +712.9% vs FY 2025 Q1
FY 2025 Q3$418M; +120.0% vs FY 2025 Q2
FY 2025 Q4$32M; −92.3% vs FY 2025 Q3
FY 2026 Q1$4M; −87.5% vs FY 2025 Q4
FY 2026 Q2$132M; +3200.0% vs FY 2026 Q1
FY 2026 Q3$399M; +202.3% vs FY 2026 Q2
FY 2026 Q4$276M; −30.8% vs FY 2026 Q3

Net margin

%

7.66%
NEWS Net margin. Reported fiscal history.
Fiscal period%
FY 2014 Q11.3%
FY 2014 Q26.75%
FY 2014 Q32.31%
FY 2014 Q40.59%
FY 2015 Q13.02%
FY 2015 Q26.27%
FY 2015 Q31.12%
FY 2015 Q4-17.66%
FY 2016 Q18.69%
FY 2016 Q22.92%
FY 2016 Q3-7.88%
FY 2016 Q4-17.86%
FY 2017 Q1-0.76%
FY 2017 Q2-13.66%
FY 2017 Q3-0.25%
FY 2017 Q4-20.63%
FY 2018 Q13.3%
FY 2018 Q2-3.81%
FY 2018 Q3-53.89%
FY 2018 Q4-13.78%
FY 2019 Q14%
FY 2019 Q23.62%
FY 2019 Q30.41%
FY 2019 Q4-2.07%
FY 2020 Q1-9.7%
FY 2020 Q23.43%
FY 2020 Q3-32.22%
FY 2020 Q4-20.64%
FY 2021 Q11.61%
FY 2021 Q29.57%
FY 2021 Q33.38%
FY 2021 Q4-0.56%
FY 2022 Q17.83%
FY 2022 Q28.65%
FY 2022 Q33.29%
FY 2022 Q44.11%
FY 2023 Q11.61%
FY 2023 Q22.66%
FY 2023 Q32.04%
FY 2023 Q4-0.33%
FY 2024 Q11.2%
FY 2024 Q26.03%
FY 2024 Q31.24%
FY 2024 Q42.39%
FY 2025 Q14.62%
FY 2025 Q29.61%
FY 2025 Q35.13%
FY 2025 Q435.23%
FY 2026 Q15.22%
FY 2026 Q28.17%
FY 2026 Q34.07%
FY 2026 Q47.66%

P/E

× · TTM · Daily

27.3×
NEWS P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2014-08-2942.78×2014-06-30
2014-09-3039.68×2014-06-30
2014-10-3137.57×2014-06-30
2014-11-2837.66×2014-06-30
2014-12-3138.08×2014-06-30
2015-01-3036.13×2014-06-30
2015-02-2737.4×2014-12-31
2015-03-3134.67×2014-12-31
2015-04-3034.17×2014-12-31
2015-05-2936.21×2015-03-31
2015-06-3034.87×2015-03-31
2015-07-3135.21×2015-03-31
2015-08-3132.58×2015-03-31
2015-09-3030.16×2015-03-31
2015-10-3036.81×2015-03-31
2015-11-3034.3×2015-03-31
2015-12-3131.93×2015-03-31
2016-01-2931×2015-03-31
2016-02-2925.86×2015-03-31
2016-03-3130.52×2015-03-31
2016-04-2929.69×2015-03-31
2016-05-3128.59×2015-03-31
2016-06-3027.13×2015-03-31
2016-07-2931×2015-03-31
2016-08-3133.61×2015-03-31
2016-09-3033.41×2015-03-31
2016-10-3128.97×2015-03-31
2016-11-3027.63×2015-03-31
2016-12-3027.39×2015-03-31
2017-01-3129.38×2015-03-31
2017-02-2830.64×2015-03-31
2017-03-3131.07×2015-03-31
2017-04-2830.4×2015-03-31
2017-05-3131.98×2015-03-31
2017-06-3032.75×2015-03-31
2017-07-3134.2×2015-03-31
2017-08-31—2017-06-30
2017-09-29—2017-06-30
2017-10-31—2017-06-30
2017-11-30—2017-06-30
2017-12-29—2017-06-30
2018-01-31—2017-06-30
2018-02-28—2017-12-31
2018-03-29—2017-12-31
2018-04-30—2017-12-31
2018-05-31—2017-12-31
2018-06-29—2017-12-31
2018-07-31—2017-12-31
2018-08-31—2018-06-30
2018-09-28—2018-06-30
2018-10-31—2018-06-30
2018-11-30—2018-09-30
2018-12-31—2018-09-30
2019-01-31—2018-09-30
2019-02-28—2018-12-31
2019-03-29—2018-12-31
2019-04-30—2018-12-31
2019-05-31—2019-03-31
2019-06-28—2019-03-31
2019-07-31—2019-03-31
2019-08-3052.34×2019-06-30
2019-09-3052.99×2019-06-30
2019-10-3152.19×2019-06-30
2019-11-29—2019-09-30
2019-12-31—2019-09-30
2020-01-31—2019-09-30
2020-02-28—2019-12-31
2020-03-31—2019-12-31
2020-04-30—2019-12-31
2020-05-29—2020-03-31
2020-06-30—2020-03-31
2020-07-31—2020-03-31
2020-08-31—2020-06-30
2020-09-30—2020-06-30
2020-10-30—2020-06-30
2020-11-30—2020-09-30
2020-12-31—2020-09-30
2021-01-29—2020-09-30
2021-02-26—2020-12-31
2021-03-31—2020-12-31
2021-04-30—2020-12-31
2021-05-28—2021-03-31
2021-06-30—2021-03-31
2021-07-30—2021-03-31
2021-08-3140.57×2021-06-30
2021-09-3042.48×2021-06-30
2021-10-2941.35×2021-06-30
2021-11-3026.12×2021-09-30
2021-12-3126.95×2021-09-30
2022-01-3126.87×2021-09-30
2022-02-2826.76×2021-12-31
2022-03-3126.56×2021-12-31
2022-04-2923.81×2021-12-31
2022-05-3120.65×2022-03-31
2022-06-3018.49×2022-03-31
2022-07-2920.34×2022-03-31
2022-08-3115.99×2022-06-30
2022-09-3014.28×2022-06-30
2022-10-3115.95×2022-06-30
2022-11-3023.91×2022-09-30
2022-12-3022.73×2022-09-30
2023-01-3125.3×2022-09-30
2023-02-2833.14×2022-12-31
2023-03-3133.37×2022-12-31
2023-04-2834.03×2022-12-31
2023-05-3139.63×2023-03-31
2023-06-3042.21×2023-03-31
2023-07-3142.9×2023-03-31
2023-08-3183.13×2023-06-30
2023-09-2977.6×2023-06-30
2023-10-3180×2023-06-30
2023-11-3091.03×2023-09-30
2023-12-29101.4×2023-09-30
2024-01-31101.77×2023-09-30
2024-02-2967.61×2023-12-31
2024-03-2865.85×2023-12-31
2024-04-3059.87×2023-12-31
2024-05-3174.98×2024-03-31
2024-06-2876.03×2024-03-31
2024-07-3176.06×2024-03-31
2024-08-3061.02×2024-06-30
2024-09-3057.35×2024-06-30
2024-10-3158.69×2024-06-30
2024-11-2963.21×2024-06-30
2024-12-3159.31×2024-06-30
2025-01-3160.56×2024-06-30
2025-02-2861.64×2024-06-30
2025-03-3158.62×2024-06-30
2025-04-3058.41×2024-06-30
2025-05-3060.82×2024-06-30
2025-06-3064.01×2024-06-30
2025-07-3163.15×2024-06-30
2025-08-2914.17×2025-06-30
2025-09-3014.8×2025-06-30
2025-10-3112.77×2025-06-30
2025-11-2812.41×2025-09-30
2025-12-3112.62×2025-09-30
2026-01-3013.06×2025-09-30
2026-02-2711.86×2025-12-31
2026-03-3112.17×2025-12-31
2026-04-3012.85×2025-12-31
2026-05-2912.76×2026-03-31
2026-06-3012.14×2026-03-31
2026-07-3113.47×2026-03-31
2026-08-3129.43×2026-06-30
2026-09-2527.3×2026-06-30

ROIC

% · Annual / TTM

—
Operating income is unavailable in the extracted statements for this period.
NEWS ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2014 Q1—
FY 2014 Q2—
FY 2014 Q3—
FY 2014 Q4—
FY 2015 Q1—
FY 2015 Q2—
FY 2015 Q3—
FY 2015 Q4—
FY 2016 Q1—
FY 2016 Q2—
FY 2016 Q3—
FY 2016 Q4—
FY 2017 Q1—
FY 2017 Q2—
FY 2017 Q3—
FY 2017 Q4—
FY 2018 Q1—
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q4—
FY 2019 Q1—
FY 2019 Q2—
FY 2019 Q3—
FY 2019 Q4—
FY 2020 Q1—
FY 2020 Q2—
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q4—
FY 2022 Q1—
FY 2022 Q2—
FY 2022 Q3—
FY 2022 Q4—
FY 2023 Q1—
FY 2023 Q2—
FY 2023 Q3—
FY 2023 Q4—
FY 2024 Q1—
FY 2024 Q2—
FY 2024 Q3—
FY 2024 Q4—
FY 2025 Q1—
FY 2025 Q2—
FY 2025 Q3—
FY 2025 Q4—
FY 2026 Q1—
FY 2026 Q2—
FY 2026 Q3—
FY 2026 Q4—

Capital allocation

% of tracked cash uses

$412M
NEWS capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2014 Q182.72% · $67M2.47% · $2MUnavailable14.81% · $12MUnavailable100% · $81M
FY 2014 Q276.19% · $80M22.86% · $24MUnavailable0.95% · $1MUnavailable100% · $105M
FY 2014 Q380.83% · $97M10.83% · $13MUnavailable8.33% · $10MUnavailable100% · $120M
FY 2014 Q495.07% · $135M4.23% · $6MUnavailable0.7% · $1MUnavailable100% · $142M
FY 2015 Q120.92% · $114M75.96% · $414MUnavailable3.12% · $17MUnavailable100% · $545M
FY 2015 Q28.23% · $69M91.77% · $769MUnavailable0% · $0MUnavailable100% · $838M
FY 2015 Q383.33% · $85M4.9% · $5MUnavailable11.76% · $12MUnavailable100% · $102M
FY 2015 Q497.35% · $110M1.77% · $2MUnavailable0.88% · $1MUnavailable100% · $113M
FY 2016 Q166.32% · $63M16.84% · $16MUnavailable16.84% · $16MUnavailable100% · $95M
FY 2016 Q228.5% · $57M42.5% · $85MUnavailable29% · $58MUnavailable100% · $200M
FY 2016 Q313.07% · $60M83.88% · $385MUnavailable3.05% · $14MUnavailable100% · $459M
FY 2016 Q444.97% · $76M20.12% · $34MUnavailable34.91% · $59MUnavailable100% · $169M
FY 2017 Q114% · $49M80.86% · $283MUnavailable5.14% · $18MUnavailable100% · $350M
FY 2017 Q233.33% · $59M33.33% · $59MUnavailable33.33% · $59MUnavailable100% · $177M
FY 2017 Q375.95% · $60M3.8% · $3MUnavailable20.25% · $16MUnavailable100% · $79M
FY 2017 Q459.06% · $88M1.34% · $2MUnavailable39.6% · $59MUnavailable100% · $149M
FY 2018 Q145.26% · $62M39.42% · $54MUnavailable15.33% · $21MUnavailable100% · $137M
FY 2018 Q252.8% · $66MUnavailableUnavailable47.2% · $59MUnavailable100% · $125M
FY 2018 Q372% · $72M9% · $9MUnavailable19% · $19MUnavailable100% · $100M
FY 2018 Q468.91% · $164M6.3% · $15MUnavailable24.79% · $59MUnavailable100% · $238M
FY 2019 Q185.26% · $133MUnavailableUnavailable14.74% · $23MUnavailable100% · $156M
FY 2019 Q234.93% · $131M49.6% · $186MUnavailable15.47% · $58MUnavailable100% · $375M
FY 2019 Q386.93% · $153M1.14% · $2MUnavailable11.93% · $21MUnavailable100% · $176M
FY 2019 Q472.09% · $155M0.47% · $1MUnavailable27.44% · $59MUnavailable100% · $215M
FY 2020 Q184.17% · $117M0% · $0MUnavailable15.83% · $22MUnavailable100% · $139M
FY 2020 Q266.3% · $120M1.1% · $2MUnavailable32.6% · $59MUnavailable100% · $181M
FY 2020 Q383.76% · $98M0% · $0MUnavailable16.24% · $19MUnavailable100% · $117M
FY 2020 Q453.93% · $103M15.71% · $30MUnavailable30.37% · $58MUnavailable100% · $191M
FY 2021 Q181.58% · $93M0.88% · $1MUnavailable17.54% · $20MUnavailable100% · $114M
FY 2021 Q234.93% · $80M38.86% · $89MUnavailable26.2% · $60MUnavailable100% · $229M
FY 2021 Q376.19% · $80M0.95% · $1M0% · $0M22.86% · $24MUnavailable100% · $105M
FY 2021 Q413.82% · $137M80.22% · $795M0% · $0M5.95% · $59MUnavailable100% · $991M
FY 2022 Q178.91% · $101M0% · $0M0% · $0M21.09% · $27MUnavailable100% · $128M
FY 2022 Q246.52% · $107M9.13% · $21M18.7% · $43M25.65% · $59MUnavailable100% · $230M
FY 2022 Q37.85% · $107M84.08% · $1,146M6.02% · $82M2.05% · $28MUnavailable100% · $1,363M
FY 2022 Q429.07% · $184M52.76% · $334M8.53% · $54M9.64% · $61MUnavailable100% · $633M
FY 2023 Q139.25% · $104M1.13% · $3M47.92% · $127M11.7% · $31MUnavailable100% · $265M
FY 2023 Q248.29% · $113M5.13% · $12M21.79% · $51M24.79% · $58MUnavailable100% · $234M
FY 2023 Q374.72% · $133M0% · $0M10.11% · $18M15.17% · $27MUnavailable100% · $178M
FY 2023 Q458.2% · $149M0.78% · $2M18.36% · $47M22.66% · $58MUnavailable100% · $256M
FY 2024 Q161.69% · $124M9.95% · $20M14.43% · $29M13.93% · $28MUnavailable100% · $201M
FY 2024 Q257.14% · $112M0% · $0M13.78% · $27M29.08% · $57MUnavailable100% · $196M
FY 2024 Q367.24% · $117M0% · $0M15.52% · $27M17.24% · $30MUnavailable100% · $174M
FY 2024 Q456.75% · $143M7.14% · $18M13.49% · $34M22.62% · $57MUnavailable100% · $252M
FY 2025 Q152.78% · $95M6.67% · $12M21.11% · $38M19.44% · $35MUnavailable100% · $180M
FY 2025 Q238.75% · $62M0.63% · $1M25% · $40M35.63% · $57MUnavailable100% · $160M
FY 2025 Q345.37% · $93M19.51% · $40M17.56% · $36M17.56% · $36MUnavailable100% · $205M
FY 2025 Q453.58% · $157M14.68% · $43M12.29% · $36M19.45% · $57MUnavailable100% · $293M
FY 2026 Q131.03% · $81M15.71% · $41M35.25% · $92M18.01% · $47MUnavailable100% · $261M
FY 2026 Q225.78% · $99M14.58% · $56M44.79% · $172M14.84% · $57MUnavailable100% · $384M
FY 2026 Q329.67% · $100MUnavailable56.97% · $192M13.35% · $45MUnavailable100% · $337M
FY 2026 Q435.44% · $146M6.31% · $26M44.9% · $185M13.35% · $55MUnavailable100% · $412M

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for NEWS.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources