News Corp (Class A) key statistics and ratios
In fiscal 2026, News Corp (Class A) had return on equity of 6.6% and a net margin of 6.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2012Jun 2012 | 2013Jun 2013 | 2014Jun 2014 | 2015Jun 2015 | 2016Jun 2016 | 2017Jun 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Jun 2021 | 2022Jun 2022 | 2023Jun 2023 | 2024Jun 2024 | 2025Jun 2025 | 2026Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | −24.0% | 5.7% | 2.8% | −1.7% | 2.2% | −9.1% | −16.8% | 1.5% | −14.1% | 3.5% | 6.0% | 1.9% | 3.2% | 14.0% | 6.3% |
| Return on equity | −23.3% | 4.7% | 1.9% | −1.2% | 1.5% | −6.6% | −15.1% | 1.7% | −15.2% | 4.2% | 7.6% | 1.8% | 3.3% | 14.0% | 6.6% |
| Return on assets | — | 3.2% | 1.5% | −0.9% | 1.2% | −4.9% | −9.8% | 1.0% | −8.5% | 2.1% | 3.7% | 0.9% | 1.6% | 7.3% | 3.7% |
| Effective tax rate | — | — | — | 33.5% | −29.8% | — | — | 35.6% | — | 13.6% | 6.4% | 40.0% | 35.2% | 29.8% | 29.0% |
| SG&A as % of revenue | 31.8% | 31.3% | 28.9% | 30.8% | 32.8% | 33.5% | 33.8% | 31.7% | 33.2% | 34.8% | 34.6% | 37.6% | 38.7% | 39.1% | 38.9% |
| Dividends ÷ net income | — | 4.0% | 10.0% | — | 82.1% | — | — | 103.9% | — | 49.4% | 28.1% | 116.8% | 64.7% | 15.7% | 35.6% |
Financial health
- Short-term assets cover short-term liabilities $4.5bn of assets due within a year against $2.8bn 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 $2.1bn of cash against $2.0bn of debt.
- Debt below 40% of shareholders' equity Debt is 23% of equity.
- Debt burden no higher than five years ago Debt to equity moved from 23% to 23% over five years.
- A year's operating cash flow covers at least 20% of debt $1.2bn of operating cash flow against $2.0bn of debt.
- Operating profit covers interest at least five times over No material interest expense reported.
Moat
Weak moat
How hard News Corp (Class A)'s competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 0 / 20
Net income has been a median 1.3% of total assets over 10 years.
- Durability 0 / 20
Net margin has been a median 2.5%; its worst year was -16.8%.
- Cash conversion 14 / 20
Free cash flow was positive in 10 of 10 years, at a median 7.5% of revenue.
- Discipline 19 / 20
The diluted share count fell 5.9% over five years; stock-based pay has been a median 0.6% of revenue.
AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (40 before it).
Compare with peers
- NEW York Times Co statistics
- USA Today Co., Inc. statistics
- John Wiley & Sons, Inc. statistics
- Scholastic Corp statistics
- LEE Enterprises, Inc statistics
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