A Business at a Glance
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Fox Corp
FOX
$22.8B
Mkt Cap
$49.41
+0.47%
Fox Corp (FOX) has a current P/E ratio of 11.8, compared to its historical median P/E of 13.0. The stock is currently considered Fair based on its historical valuation range.
Fox Corp (FOX) has a 5-year average return on invested capital (ROIC) of 11.7%. This indicates solid capital allocation.
Fox Corp (FOX) has a market capitalization of $21.9B. It is classified as a large-cap stock.
Yes, Fox Corp (FOX) pays a dividend with a trailing twelve-month yield of 1.30%. The company also returns capital through share buybacks, with a buyback yield of 9.82%.
Based on historical P/E analysis, Fox Corp (FOX) appears fair. The current P/E of 11.8 is 9% below its historical median of 13.0. The estimated fair value CAGR (P/E method) is 6.8%.
Fox Corp (FOX) operates in the Television Broadcasting Stations industry, within the Communication Services sector.
Fox Corp (FOX) reported annual revenue of $16.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
FOX is a news, sports and entertainment company operating through four segments: Cable Network Programming, Television, Credible, and the FOX Studio Lot. Cable Network Programming produces and licenses news and sports content distributed through traditional MVPDs, virtual MVPDs, and digital platforms, anchored by FOX News Media and FOX Sports. Television operates the FOX broadcast network, the AVOD service Tubi, 29 owned and operated broadcast television stations (18 FOX-affiliated, 11 MyNetworkTV-affiliated), and production companies serving both internal and third-party clients. The company earns revenue through affiliate fees from distributors and advertising sales across its portfolio of premium brands including FOX News, FOX Sports, Tubi, FOX Entertainment, and FOX Television Stations. FOX's competitive moat rests on its leadership positions in live and appointment-based content, iconic brands with deep audience resonance, long-term sports rights contracts (NFL, MLB, college football, NASCAR, FIFA World Cup), and significant presence in major U.S. markets through its owned stations covering 18 DMAs including 14 of the top 15. The company maintains a diversified revenue model combining national cable and broadcast networks with local television operations, supplemented by digital platforms and production services, supported by a solid balance sheet with approximately $5.4 billion in cash and cash equivalents as of fiscal 2025.
【Appointment-based content resilience】 Management emphasizes that as linear television viewership declines industry-wide, FOX's hallmark appointment-based programming remains resilient, with FOX News maintaining its position as the top-rated national cable news channel for over 20 consecutive years and FOX Sports securing marquee rights under long-term contracts. The company is investing in growth initiatives including digital brand extensions such as FOX Nation SVOD and FOX Weather FAST service, while Tubi continues to expand its content library and channel offerings to drive audience growth and engagement. FOX Entertainment is expanding its unscripted content footprint and reducing reliance on third-party providers, while FOX Television Stations are rolling out local news content on connected televisions and FAST services to drive viewership growth. Management believes the strength and leadership of its brands will support the company's ability to secure industry-leading affiliate rate and advertising price increases while responding to evolving consumer behavior and technological changes.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 16.2B | 16.3B | 14.0B | 14.9B | 14.0B | 12.9B |
| Net Income | 1.7B | 2.3B | 1.5B | 1.2B | 1.2B | 2.1B |
| EPS | $3.76 | $4.91 | $3.13 | $2.33 | $2.11 | $3.61 |
| Free Cash Flow | 2.1B | 3.0B | 1.5B | 1.4B | 1.6B | 2.2B |
| ROIC | -0.7% | 12.6% | 13.5% | 7.1% | 6.5% | 18.5% |
| Gross Margin | - | 53.6% | 55.1% | 53.9% | 53.8% | 57.1% |
| Debt/Equity | 0.60 | 0.55 | 0.67 | 0.69 | 0.64 | 0.71 |
| Dividends/Share | $0.64 | $0.60 | $0.59 | $0.56 | $0.54 | $0.55 |
| Operating Income | -137M | -350M | 2.5B | -1.2B | -157M | 3.3B |
| Operating Margin | -0.8% | -2.1% | 17.6% | -7.9% | -1.1% | 25.3% |
| ROE | 15.6% | 20.0% | 14.2% | 11.4% | 10.7% | 20.3% |
| Shares Outstanding | 443M | 461M | 480M | 532M | 571M | 596M |
| Metric | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 9.9B | 10.2B | 11.4B | 12.3B | 12.9B | 14.0B | 14.9B | 14.0B | 16.3B | 16.2B |
| Gross Margin | 51.5% | 49.9% | 51.8% | 55.8% | 57.1% | 53.8% | 53.9% | 55.1% | 53.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.1B | 1.2B | 1.4B | 1.7B | 1.8B | 1.9B | 2.0B | 2.0B | 2.2B | 2.3B |
| EBIT | 2.2B | 2.2B | 2.4B | 1.8B | 3.3B | -157M | -1.2B | 2.5B | -350M | -137M |
| Op. Margin | 22.4% | 21.4% | 20.9% | 14.4% | 25.3% | -1.1% | -7.9% | 17.6% | -2.1% | -0.8% |
| Net Income | 1.4B | 2.2B | 1.6B | 999M | 2.1B | 1.2B | 1.2B | 1.5B | 2.3B | 1.7B |
| Net Margin | 13.8% | 21.5% | 14.0% | 8.1% | 16.7% | 8.6% | 8.3% | 10.7% | 13.9% | 10.6% |
| Non-Recurring | 165M | 27M | 52M | 584M | 70M | 157M | 478M | 80M | 302M | 31M |
| Returns on Capital | ||||||||||
| ROIC | N/A | 33.0% | 17.1% | 9.6% | 18.5% | 6.5% | 7.1% | 13.5% | 12.6% | -0.7% |
| ROE | N/A | 27.9% | 16.3% | 10.0% | 20.3% | 10.7% | 11.4% | 14.2% | 20.0% | 15.6% |
| ROA | N/A | 33.3% | 9.8% | 4.8% | 9.6% | 5.3% | 5.6% | 6.8% | 10.0% | 7.9% |
| Cash Flow | ||||||||||
| Op. Cash Flow | 1.7B | 1.3B | 2.5B | 2.4B | 2.6B | 1.9B | 1.8B | 1.8B | 3.3B | 2.6B |
| Free Cash Flow | 1.5B | 1.1B | 2.3B | 2.0B | 2.2B | 1.6B | 1.4B | 1.5B | 3.0B | 2.1B |
| Owner Earnings | 1.5B | 1.1B | 2.3B | 2.0B | 2.2B | 1.4B | 1.3B | 1.4B | 2.8B | 2.1B |
| CapEx | 191M | 215M | 235M | 359M | 484M | 307M | 357M | 345M | 331M | 480M |
| Maint. CapEx | 169M | 171M | 212M | 258M | 300M | 363M | 411M | 389M | 385M | 401M |
| Growth CapEx | 22M | 44M | 23M | 101M | 184M | 0 | 0 | 0 | 0 | 79M |
| D&A | 169M | 171M | 212M | 258M | 300M | 363M | 411M | 389M | 385M | 401M |
| CapEx/OCF | N/A | N/A | 9.3% | 15.2% | 18.3% | 16.3% | 19.8% | 18.8% | 10.0% | 18.3% |
| Capital Allocation | ||||||||||
| Dividends Paid | 35M | 41M | 188M | 335M | 330M | 307M | 299M | 281M | 277M | 285M |
| Dividend Yield | N/A | N/A | 0.9% | 1.9% | 1.9% | 1.6% | 1.9% | 2.1% | 1.4% | 1.3% |
| Share Buybacks | 0 | 0 | 0 | 600M | 1.0B | 1.0B | 2.0B | 1.0B | 1.0B | 2.2B |
| Buyback Yield | 0.0% | N/A | N/A | 4.1% | 5.0% | 6.1% | 12.1% | 6.6% | 4.2% | 9.8% |
| Stock-Based Comp | 0 | 0 | 36M | 137M | 147M | 102M | 74M | 90M | 135M | 128M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 750M | 0 | 1.3B | 600M | 600M |
| Balance Sheet | ||||||||||
| Net Debt | -19M | -2.5B | 3.5B | 3.3B | 2.1B | 2.0B | 2.9B | 2.9B | 1.3B | 3.0B |
| Cash & Equiv. | 19M | 2.5B | 3.2B | 4.6B | 5.9B | 5.2B | 4.3B | 4.3B | 5.4B | 3.6B |
| Long-Term Debt | 0 | 0 | 6.8B | 7.9B | 7.2B | 7.2B | 6.0B | 6.6B | 6.6B | 6.6B |
| Debt/Equity | N/A | 0.00 | 0.68 | 0.79 | 0.71 | 0.64 | 0.69 | 0.67 | 0.55 | 0.60 |
| Interest Coverage | 96.8 | 50.5 | 11.7 | 4.8 | 8.3 | -0.4 | -3.4 | 6.1 | -0.9 | -0.9 |
| Equity | N/A | 9.6B | 9.9B | 10.1B | 11.1B | 11.3B | 10.4B | 10.7B | 12.0B | 11.0B |
| Total Assets | N/A | 13.1B | 19.5B | 21.8B | 22.9B | 22.2B | 21.9B | 22.0B | 23.2B | 21.8B |
| Total Liabilities | N/A | 3.5B | 9.6B | 11.7B | 11.8B | 10.8B | 11.4B | 11.2B | 11.1B | -226M |
| Intangibles | N/A | 2.9B | 2.9B | 3.2B | 3.2B | 3.2B | 3.1B | 3.0B | 3.0B | 2.9B |
| Retained Earnings | N/A | 0 | 357M | 674M | 2.0B | 2.5B | 2.3B | 3.1B | 4.5B | 3.8B |
| Working Capital | N/A | 3.8B | 4.8B | 5.6B | 5.7B | 6.0B | 3.5B | 4.5B | 5.5B | 4.9B |
| Current Assets | N/A | 5.6B | 6.5B | 7.5B | 8.7B | 8.3B | 7.3B | 7.5B | 8.4B | 7.5B |
| Current Liabilities | N/A | 1.8B | 1.7B | 1.9B | 3.0B | 2.3B | 3.8B | 3.0B | 2.9B | 2.6B |
| Per Share Data | ||||||||||
| EPS | 2.21 | 3.52 | 2.57 | 1.62 | 3.61 | 2.11 | 2.33 | 3.13 | 4.91 | 3.76 |
| Owner EPS | 2.39 | 1.84 | 3.67 | 3.19 | 3.68 | 2.48 | 2.47 | 2.84 | 6.08 | 4.71 |
| Book Value | N/A | 15.44 | 16.03 | 16.37 | 18.68 | 19.86 | 19.52 | 22.34 | 25.95 | 24.76 |
| Cash Flow/Share | 2.67 | 2.12 | 4.07 | 3.84 | 4.43 | 3.30 | 3.38 | 3.84 | 7.21 | 4.77 |
| Dividends/Share | 0.06 | 0.07 | 0.30 | 0.54 | 0.55 | 0.54 | 0.56 | 0.59 | 0.60 | 0.64 |
| Shares Out. | 620.8M | 621.3M | 620.6M | 616.7M | 595.6M | 571.1M | 531.8M | 479.6M | 460.9M | 443.0M |
| Valuation | ||||||||||
| P/E Ratio | N/A | N/A | 13.0 | 14.7 | 9.4 | 13.6 | 13.3 | 10.1 | 10.6 | 13.1 |
| P/FCF | N/A | N/A | 9.0 | 7.3 | 9.4 | 10.4 | 11.4 | 10.1 | 8.0 | 10.2 |
| EV/EBIT | N/A | N/A | 10.2 | N/A | 39.8 | N/A | N/A | 8.2 | N/A | N/A |
| Price/Book | N/A | N/A | 2.1 | 1.5 | 1.8 | 1.4 | 1.6 | 1.4 | 2.0 | 2.0 |
| Price/Sales | N/A | N/A | 1.8 | 1.5 | 1.3 | 1.4 | 1.0 | 1.0 | 1.2 | 1.4 |
| FCF Yield | N/A | N/A | 11.1% | 13.7% | 10.7% | 9.6% | 8.8% | 9.9% | 12.5% | 9.8% |
| Market Cap | 0 | N/A | 20.7B | 14.7B | 20.2B | 16.4B | 16.5B | 15.1B | 24.0B | 21.9B |
| Avg. Price | 0.00 | N/A | 33.22 | 29.21 | 28.79 | 33.26 | 29.13 | 28.51 | 43.51 | 49.41 |
| Year-End Price | 0.00 | N/A | 33.29 | 23.80 | 33.94 | 28.71 | 30.96 | 31.47 | 52.09 | 49.41 |
Fox Corp passes 5 of 9 quality checks, suggesting mixed fundamentals.
Fox Corp trades at 11.8x trailing earnings, compared to its 15-year median P/E of 13.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 4.3x vs a median of 9.4x. The company's 5-year average ROIC is 11.7% with a gross margin of 54.7%. Total shareholder yield (dividends + buybacks) is 11.1%. At current prices, the estimated annualized return to fair value is +17.9%.
Fox Corp (FOX) has a net profit margin of 13.9%. This is a healthy margin.
Fox Corp (FOX) generated $3.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Fox Corp (FOX) has a debt-to-equity ratio of 0.55. This indicates moderate leverage.
Fox Corp (FOX) reported earnings per share (EPS) of $4.91 in its most recent fiscal year.
Fox Corp (FOX) has a return on equity (ROE) of 20.0%. This indicates the company generates strong returns for shareholders.
Fox Corp (FOX) has a 5-year average gross margin of 54.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 9 years of financial data for Fox Corp (FOX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Fox Corp (FOX) has a book value per share of $25.95, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management emphasizes that as linear television viewership declines industry-wide, FOX's hallmark appointment-based programming remains resilient, with FOX News maintaining its position as the top-rated national cable news channel for over 20 consecutive years and FOX Sports securing marquee rights under long-term contracts. The company is investing in growth initiatives including digital brand extensions such as FOX Nation SVOD and FOX Weather FAST service, while Tubi continues to expand its content library and channel offerings to drive audience growth and engagement. FOX Entertainment is expanding its unscripted content footprint and reducing reliance on third-party providers, while FOX Television Stations are rolling out local news content on connected televisions and FAST services to drive viewership growth. Management believes the strength and leadership of its brands will support the company's ability to secure industry-leading affiliate rate and advertising price increases while responding to evolving consumer behavior and technological changes.