Fox Corporation (Class A) key statistics and ratios
In fiscal 2026, Fox Corporation (Class A) had return on equity of 14.3% and a net margin of 9.8%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2017Jun 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Jun 2021 | 2022Jun 2022 | 2023Jun 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 13.8% | 21.5% | 14.0% | 8.1% | 16.7% | 8.6% | 8.3% | 10.7% | 13.9% | 9.8% | 11.3% |
| Return on equity | 22.5% | 27.9% | 16.3% | 10.0% | 20.3% | 10.7% | 11.4% | 14.2% | 20.0% | 14.3% | 16.8% |
| Return on assets | — | 16.7% | 9.8% | 4.8% | 9.6% | 5.3% | 5.6% | 6.8% | 10.0% | 7.4% | 8.9% |
| Effective tax rate | 37.1% | −2.7% | 26.1% | 27.5% | 24.6% | 27.2% | 27.8% | 26.1% | 25.1% | 24.2% | 24.9% |
| SG&A as % of revenue | 11.0% | 11.9% | 12.5% | 14.2% | 14.0% | 13.7% | 13.7% | 14.5% | 13.3% | 13.8% | 13.1% |
| Dividends ÷ net income | 2.6% | 1.9% | 11.8% | 33.5% | 15.3% | 25.5% | 24.1% | 18.7% | 12.2% | 17.0% | 13.8% |
Financial health
- Short-term assets cover short-term liabilities $9.2bn of assets due within a year against $2.4bn of liabilities due within a year.
- Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
- More cash than debt $4.5bn of cash against $6.6bn of debt.
- Debt below 40% of shareholders' equity Debt is 53% of equity.
- Debt burden no higher than five years ago Debt to equity moved from 64% to 53% over five years.
- A year's operating cash flow covers at least 20% of debt $2.7bn of operating cash flow against $6.6bn of debt.
- Operating profit covers interest at least five times over Interest not separately reported. Not assessable.
Moat
Moderate moat
How hard Fox Corporation (Class A)'s competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 11 / 20
Net income has been a median 7.4% of total assets over 8 years.
- Durability 11 / 20
Net margin has been a median 12.9%; its worst year was 7.0%.
- Cash conversion 17 / 20
Free cash flow was positive in 8 of 8 years, at a median 13.8% of revenue.
- Discipline 20 / 20
The diluted share count fell 26.5% over five years; stock-based pay has been a median 0.8% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (73 before it).
Compare with peers
- Sirius XM Holdings Inc. statistics
- Nexstar Media Group, Inc. statistics
- Iheartmedia, Inc. statistics
- Sinclair, Inc. statistics
- Gray Media, Inc statistics
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