What is FOX's operating income?

FOX's total operating income in 2026 was $3.35 billion, based on the following breakdown: Total Gross Profit: $17.13 billion Total Operating Expenses: $13.78 billion

FOX (FOX) Financials

$61.05 +0.60 (+0.99%)

As of 08/21/2026 04:00 PM Eastern

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Annual Income Statements for FOX

This table shows FOX's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	1,372	2,187	1,595	999	2,150	1,205	1,239	1,501	2,263	1,685
Consolidated Net Income / (Loss)	1,409	2,228	1,643	1,062	2,201	1,233	1,253	1,554	2,293	1,727
Net Income / (Loss) Continuing Operations	1,409	2,228	1,643	1,062	2,201	1,233	1,253	1,554	2,293	1,727
Total Pre-Tax Income	2,241	2,170	2,224	1,464	2,918	1,694	1,736	2,104	3,061	2,278
Total Operating Income	2,395	2,252	2,405	2,046	2,730	2,417	1,582	2,411	2,879	3,345
Total Gross Profit	9,921	10,153	11,389	12,303	12,909	13,974	14,913	13,980	16,300	17,126
Total Revenue	9,921	10,153	11,389	12,303	12,909	13,974	14,913	13,980	16,300	17,126
Operating Revenue	9,921	10,153	11,389	12,303	12,909	13,974	14,913	13,980	16,300	17,126
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	7,526	7,901	8,984	10,257	10,179	11,557	13,331	11,569	13,421	13,781
Selling, General & Admin Expense	7,192	7,714	8,746	9,548	9,844	11,037	11,738	11,113	12,686	13,220
Depreciation Expense	169	171	212	258	300	363	411	389	385	410
Other Operating Expenses / (Income)	-	-	-	-	-	157	1,182	67	350	151
Total Other Income / (Expense), net	-154	-82	-181	-582	188	-723	154	-307	182	-1,067
Interest & Investment Income	0.00	0.00	41	-	-	-367	-214	-260	-256	-294
Other Income / (Expense), net	-131	-39	-19	-248	579	-356	368	-47	438	-773
Income Tax Expense	832	-58	581	402	717	461	483	550	768	551
Net Income / (Loss) Attributable to Noncontrolling Interest	37	41	48	63	51	28	14	53	30	42
Basic Earnings per Share	$2.21	$3.52	$2.57	$1.63	$3.64	$2.13	$2.34	$3.14	$4.97	$3.91
Weighted Average Basic Shares Outstanding	-	621.30M	620.60M	604.76M	574.79M	549.12M	489.26M	460.23M	445.54M	419.65M
Diluted Earnings per Share	$2.21	$3.52	$2.57	$1.62	$3.61	$2.11	$2.33	$3.13	$4.91	$3.84
Weighted Average Diluted Shares Outstanding	-	621.30M	620.60M	604.76M	574.79M	549.12M	489.26M	460.23M	445.54M	419.65M
Weighted Average Basic & Diluted Shares Outstanding	-	621.30M	620.60M	604.76M	574.79M	549.12M	489.26M	460.23M	445.54M	419.65M

This table shows FOX's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	109	666	319	827	373	346	717	599	229	166	691
Consolidated Net Income / (Loss)	115	704	320	832	388	354	719	609	247	175	696
Net Income / (Loss) Continuing Operations	115	704	320	832	388	354	719	609	247	175	696
Total Pre-Tax Income	131	961	451	1,113	515	474	959	799	322	236	921
Total Operating Income	231	774	619	927	510	705	737	975	578	821	971
Total Gross Profit	4,234	3,447	3,092	3,564	5,078	4,371	3,287	3,738	5,182	3,994	4,212
Total Revenue	4,234	3,447	3,092	3,564	5,078	4,371	3,287	3,738	5,182	3,994	4,212
Operating Revenue	4,234	3,447	3,092	3,564	5,078	4,371	3,287	3,738	5,182	3,994	4,212
Total Operating Expenses	4,003	2,673	2,473	2,637	4,568	3,666	2,550	2,763	4,604	3,173	3,241
Selling, General & Admin Expense	3,888	2,560	2,323	2,520	4,301	3,516	2,349	2,673	4,490	3,040	3,017
Depreciation Expense	97	98	98	91	97	95	102	98	100	101	111
Other Operating Expenses / (Income)	18	15	-	26	170	55	99	-8.00	14	32	113
Total Other Income / (Expense), net	-100	187	-168	186	5.00	-231	222	-176	-256	-585	-50
Interest & Investment Income	-71	-57	-	-47	-76	-73	-60	-51	-95	-86	-62
Other Income / (Expense), net	-29	244	-77	233	81	-158	282	-125	-161	-499	12
Income Tax Expense	16	257	131	281	127	120	240	190	75	61	225
Net Income / (Loss) Attributable to Noncontrolling Interest	6.00	38	1.00	5.00	15	8.00	2.00	10	18	9.00	5.00
Basic Earnings per Share	$0.23	$1.41	$0.67	$1.79	$0.82	$0.76	$1.60	$1.34	$0.53	$0.39	$1.65
Weighted Average Basic Shares Outstanding	481M	474M	460.23M	461M	457M	453M	445.54M	447M	433M	424M	419.65M
Diluted Earnings per Share	$0.23	$1.40	$0.68	$1.78	$0.81	$0.75	$1.57	$1.32	$0.52	$0.38	$1.62
Weighted Average Diluted Shares Outstanding	482M	475M	460.23M	464M	462M	461M	445.54M	455M	441M	432M	419.65M
Weighted Average Basic & Diluted Shares Outstanding	474.88M	466.73M	460.23M	456.74M	453.43M	449.62M	445.54M	443.94M	425.40M	420.19M	419.65M

This table details how cash moves in and out of FOX's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Net Change in Cash & Equivalents	-18	2,481	734	1,411	1,241	-686	-928	47	1,032	-1,146
Net Cash From Operating Activities	1,655	1,317	2,524	2,365	2,639	1,884	1,800	1,840	3,324	1,970
Net Cash From Continuing Operating Activities	1,655	1,317	2,524	2,365	2,639	1,888	1,800	1,840	3,324	1,970
Net Income / (Loss) Continuing Operations	1,409	2,228	1,643	1,062	2,201	1,233	1,253	1,554	2,293	1,727
Consolidated Net Income / (Loss)	1,409	2,228	1,643	1,062	2,201	1,233	1,253	1,554	2,293	1,727
Depreciation Expense	169	171	212	258	300	363	411	389	385	410
Non-Cash Adjustments To Reconcile Net Income	296	55	81	699	372	314	214	-122	260	464
Changes in Operating Assets and Liabilities, net	-276	-1,190	550	322	-256	-40	-94	19	386	-631
Net Cash From Investing Activities	-242	128	-637	-1,100	-528	-513	-438	-452	-537	-705
Net Cash From Continuing Investing Activities	-242	128	-637	-1,100	-528	-513	-438	-452	-537	-705
Purchase of Property, Plant & Equipment	-191	-215	-235	-359	-484	-307	-357	-345	-331	-502
Acquisitions	-	0.00	0.00	-1,061	-51	-243	0.00	0.00	-97	-8.00
Purchase of Investments	-13	0.00	-338	-103	-86	-28	-54	-103	-79	-178
Other Investing Activities, net	-38	-11	-64	14	0.00	-18	-27	-4.00	-30	-17
Net Cash From Financing Activities	-1,431	1,036	-1,153	146	-870	-2,057	-2,290	-1,341	-1,755	-2,411
Net Cash From Continuing Financing Activities	-1,431	1,036	-1,153	146	-870	-2,057	-2,290	-1,341	-1,755	-2,411
Repayment of Debt	-1.00	-36	-	-15	-46	-775	-26	-1,292	-478	84
Repurchase of Common Equity	-	0.00	0.00	-600	-1,001	-1,000	-2,000	-1,000	-1,000	-2,000
Payment of Dividends	-35	-41	-188	-335	-397	-307	-299	-281	-277	-495
Issuance of Debt	0.00	0.00	6,768	1,191	-	0.00	0.00	1,232	0.00	0.00

This table details how cash moves in and out of FOX's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	293	-331	528	-267	-730	1,493	536	-983	-2,351	1,584	604
Net Cash From Operating Activities	-536	1,476	899	158	-362	2,015	1,513	-130	-669	1,902	867
Net Cash From Continuing Operating Activities	-536	1,476	899	158	-362	2,015	1,513	-130	-669	1,902	867
Net Income / (Loss) Continuing Operations	115	704	320	832	388	354	719	609	247	175	696
Consolidated Net Income / (Loss)	115	704	320	832	388	354	719	609	247	175	696
Depreciation Expense	97	98	98	91	97	95	102	98	100	101	111
Non-Cash Adjustments To Reconcile Net Income	-82	-45	111	-505	4.00	1,131	-129	-371	-222	1,099	-42
Changes in Operating Assets and Liabilities, net	-670	715	366	-260	-855	434	820	-466	-794	527	102
Net Cash From Investing Activities	-85	-181	-128	-78	-162	-167	-130	-255	-138	-150	-162
Net Cash From Continuing Investing Activities	-85	-181	-128	-78	-162	-167	-130	-255	-138	-150	-162
Purchase of Property, Plant & Equipment	-79	-83	-112	-64	-74	-74	-119	-104	-122	-135	-141
Purchase of Investments	-	-93	-4.00	0.00	-	-	-	-135	-8.00	-25	-10
Other Investing Activities, net	-	-5.00	-12	-14	-9.00	-2.00	-5.00	-16	-8.00	18	-11
Net Cash From Financing Activities	914	-1,626	-243	-347	-206	-355	-847	-598	-1,544	-168	-101
Net Cash From Continuing Financing Activities	914	-1,626	-243	-347	-206	-355	-847	-598	-1,544	-168	-101
Repayment of Debt	-61	-1,246	16	34	47	28	-587	-2.00	15	60	11
Repurchase of Common Equity	-250	-250	-250	-250	-250	-250	-250	-250	-1,550	-100	-100
Payment of Dividends	-7.00	-130	-9.00	-131	-3.00	-133	-10	-346	-9.00	-128	-12

This table presents FOX's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Total Assets	13,121	19,509	21,750	22,926	22,185	21,866	21,972	23,195	22,482
Total Current Assets	5,580	6,478	7,486	8,749	8,281	7,257	7,501	8,429	8,453
Cash & Equivalents	2,500	3,234	4,645	5,886	5,200	4,272	4,319	5,351	4,205
Accounts Receivable	1,833	1,967	1,888	2,029	2,128	2,177	2,364	2,472	3,455
Inventories, net	1,180	1,129	856	729	791	543	626	432	487
Other Current Assets	67	148	97	105	162	265	192	174	306
Plant, Property, & Equipment, net	1,169	1,313	1,498	1,708	1,682	1,708	1,696	1,705	1,842
Total Noncurrent Assets	6,372	11,718	12,766	12,469	12,222	12,901	12,775	13,061	12,187
Goodwill	2,747	2,691	3,409	3,435	3,554	3,559	3,544	3,639	3,647
Intangible Assets	2,866	2,851	3,198	3,154	3,157	3,084	3,038	2,969	2,870
Noncurrent Deferred & Refundable Income Taxes	0.00	4,651	4,358	3,822	3,440	3,090	2,878	2,721	2,443
Other Noncurrent Operating Assets	759	1,525	1,801	2,058	2,071	3,168	3,315	3,732	3,227
Total Liabilities & Shareholders' Equity	13,121	19,509	21,750	22,926	22,185	21,866	21,972	23,195	22,482
Total Liabilities	3,252	9,362	11,334	11,540	10,622	11,208	10,916	10,840	10,668
Total Current Liabilities	1,759	0.00	1,906	3,002	2,296	3,763	2,952	2,897	2,667
Accounts Payable	1,759	-	1,906	2,253	2,296	2,514	2,353	2,897	2,667
Total Noncurrent Liabilities	1,493	9,362	9,428	8,538	8,326	7,445	7,964	7,943	8,001
Long-Term Debt	0.00	6,751	7,946	7,202	7,206	5,961	6,598	6,602	6,606
Other Noncurrent Operating Liabilities	422	2,611	1,482	1,336	1,120	1,484	1,366	1,341	1,395
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	275	189	305	261	188	213	242	288	86
Total Equity & Noncontrolling Interests	9,594	9,958	10,111	11,125	11,375	10,445	10,814	12,067	11,728
Total Preferred & Common Equity	9,594	9,947	10,094	11,123	11,339	10,378	10,714	11,962	11,628
Total Common Equity	9,594	9,947	10,094	11,123	11,339	10,378	10,714	11,962	11,628
Common Stock	0.00	9,898	9,837	9,459	9,104	8,258	7,682	7,607	7,278
Retained Earnings	0.00	357	674	1,982	2,461	2,269	3,139	4,479	4,457
Accumulated Other Comprehensive Income / (Loss)	81	-308	-417	-318	-226	-149	-107	-124	-107
Noncontrolling Interest	0.00	11	17	2.00	36	67	100	105	100

This table presents FOX's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	23,126	22,396	21,649	22,846	21,717	22,538	23,022	23,367	22,766	21,471	21,783
Total Current Assets	8,571	7,723	7,239	8,501	7,178	7,793	8,237	8,749	7,969	6,726	7,538
Cash & Equivalents	4,058	4,146	3,829	4,122	3,791	4,052	3,322	4,815	4,368	2,017	3,601
Accounts Receivable	3,004	2,741	2,420	3,001	2,481	2,687	3,492	3,252	2,810	3,557	2,948
Inventories, net	1,300	487	751	1,038	660	795	1,171	455	509	828	652
Other Current Assets	209	349	239	340	246	259	252	227	282	324	337
Plant, Property, & Equipment, net	1,680	1,675	1,683	1,676	1,672	1,685	1,671	1,660	1,705	1,739	1,782
Total Noncurrent Assets	12,875	12,998	12,727	12,669	12,867	13,060	13,114	12,958	13,092	13,006	12,463
Goodwill	3,556	3,557	3,557	3,559	3,544	3,547	3,543	3,639	3,637	3,638	3,647
Intangible Assets	3,114	3,097	3,072	3,061	3,048	3,030	3,020	3,030	2,960	2,951	2,943
Noncurrent Deferred & Refundable Income Taxes	3,283	3,199	3,042	3,065	2,941	2,772	2,729	2,712	2,631	2,621	2,604
Other Noncurrent Operating Assets	2,922	3,145	3,056	2,984	3,334	3,711	3,822	3,577	3,864	3,796	3,269
Total Liabilities & Shareholders' Equity	23,126	22,396	21,649	22,846	21,717	22,538	23,022	23,367	22,766	21,471	21,783
Total Liabilities	11,254	11,941	10,970	12,278	10,792	10,960	11,211	11,501	10,374	10,349	10,623
Total Current Liabilities	2,543	4,402	3,589	3,707	2,217	3,005	3,297	3,567	2,461	2,416	2,603
Accounts Payable	2,543	3,153	2,339	2,457	2,217	2,405	2,697	2,967	2,461	2,416	2,603
Total Noncurrent Liabilities	8,711	7,539	7,381	8,571	8,575	7,955	7,914	7,934	7,913	7,933	8,020
Long-Term Debt	7,208	5,961	5,962	7,195	7,196	6,599	6,600	6,601	6,603	6,604	6,605
Other Noncurrent Operating Liabilities	1,503	1,578	1,419	1,376	1,379	1,356	1,314	1,333	1,310	1,329	1,415
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	196	200	228	243	260	202	200	228	81	84	84
Total Equity & Noncontrolling Interests	11,676	10,255	10,451	10,325	10,665	11,376	11,611	11,638	12,311	11,038	11,076
Total Preferred & Common Equity	11,607	10,185	10,384	10,252	10,554	11,276	11,495	11,526	12,208	10,928	10,969
Total Common Equity	11,607	10,185	10,384	10,252	10,554	11,276	11,495	11,526	12,208	10,928	10,969
Common Stock	8,841	8,366	7,996	7,884	7,773	7,645	7,654	7,632	7,561	7,268	7,256
Retained Earnings	2,985	2,032	2,539	2,514	2,926	3,734	3,949	3,999	4,771	3,783	3,837
Accumulated Other Comprehensive Income / (Loss)	-219	-213	-151	-146	-145	-103	-108	-105	-124	-123	-124
Noncontrolling Interest	69	70	67	73	111	100	116	112	103	110	107

This table displays calculated financial ratios and metrics derived from FOX's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	420,186,315.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	420,186,315.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	4.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	2.34%	12.17%	8.03%	4.93%	8.25%	6.72%	-6.26%	16.60%	5.07%
EBITDA Growth	0.00%	-2.13%	8.17%	-21.09%	74.57%	-32.75%	-2.66%	16.49%	34.06%	-19.45%
EBIT Growth	0.00%	-2.25%	7.82%	-24.64%	84.04%	-37.72%	-5.39%	21.23%	40.31%	-22.46%
NOPAT Growth	0.00%	53.55%	-23.16%	-16.46%	38.74%	-14.57%	-35.09%	55.95%	21.11%	17.59%
Net Income Growth	0.00%	58.13%	-26.26%	-35.36%	107.25%	-43.98%	1.62%	24.02%	47.55%	-24.68%
EPS Growth	0.00%	59.28%	-26.99%	-36.97%	122.84%	-41.55%	10.43%	34.33%	56.87%	-21.79%
Operating Cash Flow Growth	0.00%	-20.42%	91.65%	-6.30%	11.59%	-28.61%	-4.46%	2.22%	80.65%	-40.73%
Free Cash Flow Firm Growth	0.00%	0.00%	10.65%	131.68%	62.47%	-29.41%	-32.07%	29.41%	72.22%	-22.45%
Invested Capital Growth	0.00%	0.00%	85.43%	0.39%	-1.94%	0.88%	0.20%	2.49%	-2.35%	4.48%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-0.77%	3.80%	1.03%	-0.01%	0.43%	1.21%	5.71%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-16.03%	4.22%	3.74%	0.46%	0.04%	14.78%	-0.90%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-19.19%	4.98%	3.72%	0.36%	0.25%	16.80%	-1.38%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-16.62%	19.03%	-7.01%	-8.31%	12.50%	4.95%	7.88%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-23.15%	6.12%	3.01%	5.12%	-3.06%	21.07%	-1.31%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-24.65%	7.12%	4.98%	9.39%	-2.19%	22.14%	1.32%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	17.07%	5.35%	-8.56%	9.28%	-19.64%	28.31%	22.66%	-24.69%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	6.42%	15.44%	-34.04%	86.90%	16.49%	-20.99%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.66%	-0.32%	-2.83%	0.57%	-2.76%	-4.53%	0.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	25.10%	24.00%	23.15%	16.91%	28.13%	17.48%	15.94%	19.81%	22.77%	17.41%
Operating Margin	24.14%	22.18%	21.12%	16.63%	21.15%	17.30%	10.61%	17.25%	17.66%	19.53%
EBIT Margin	22.82%	21.80%	20.95%	14.61%	25.63%	14.75%	13.08%	16.91%	20.35%	15.02%
Profit (Net Income) Margin	14.20%	21.94%	14.43%	8.63%	17.05%	8.82%	8.40%	11.12%	14.07%	10.08%
Tax Burden Percent	62.87%	102.67%	73.88%	72.54%	75.43%	72.79%	72.18%	73.86%	74.91%	75.81%
Interest Burden Percent	98.98%	98.06%	93.21%	81.42%	88.18%	82.19%	89.03%	89.00%	92.28%	88.57%
Effective Tax Rate	37.13%	-2.67%	26.12%	27.46%	24.57%	27.21%	27.82%	26.14%	25.09%	24.19%
Return on Invested Capital (ROIC)	0.00%	62.75%	16.89%	10.84%	15.16%	13.02%	8.41%	12.94%	15.66%	18.23%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	69.49%	-9.40%	-1.54%	20.44%	-12.83%	12.90%	5.14%	22.27%	-26.07%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-17.60%	-0.48%	-0.51%	5.03%	-2.28%	2.87%	1.38%	3.93%	-3.94%
Return on Equity (ROE)	0.00%	45.15%	16.42%	10.33%	20.19%	10.75%	11.28%	14.31%	19.59%	14.29%
Cash Return on Invested Capital (CROIC)	0.00%	-137.25%	-42.96%	10.45%	17.12%	12.15%	8.21%	10.48%	18.04%	13.85%
Operating Return on Assets (OROA)	0.00%	16.87%	14.62%	8.72%	14.81%	9.14%	8.85%	10.79%	14.69%	11.26%
Return on Assets (ROA)	0.00%	16.98%	10.07%	5.15%	9.85%	5.47%	5.69%	7.09%	10.15%	7.56%
Return on Common Equity (ROCE)	0.00%	43.89%	16.03%	10.07%	19.65%	10.52%	11.02%	13.90%	18.97%	13.95%
Return on Equity Simple (ROE_SIMPLE)	0.00%	23.22%	16.52%	10.52%	19.79%	10.87%	0.00%	14.50%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1,506	2,312	1,777	1,484	2,059	1,759	1,142	1,781	2,157	2,536
NOPAT Margin	15.18%	22.77%	15.60%	12.06%	15.95%	12.59%	7.66%	12.74%	13.23%	14.81%
Net Nonoperating Expense Percent (NNEP)	0.00%	-6.74%	26.30%	12.38%	-5.29%	25.85%	-4.50%	7.80%	-6.60%	44.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	6.47%	-	11.55%	13.83%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	72.49%	75.98%	76.79%	77.61%	76.26%	78.98%	78.71%	79.49%	77.83%	77.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	75.86%	77.82%	78.88%	83.37%	78.85%	82.70%	89.39%	82.75%	82.34%	80.47%
Earnings before Interest and Taxes (EBIT)	2,264	2,213	2,386	1,798	3,309	2,061	1,950	2,364	3,317	2,572
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,490	2,437	2,636	2,080	3,631	2,442	2,377	2,769	3,712	2,982
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.13	1.51	1.85	1.53	1.61	1.50	2.11	1.88
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.81	4.38	4.55	3.75	4.47	3.88	4.71	4.29
Price to Revenue (P/Rev)	0.00	0.00	1.86	1.24	1.60	1.24	1.12	1.15	1.55	1.28
Price to Earnings (P/E)	0.00	0.00	13.27	15.31	9.59	14.40	13.46	10.69	11.13	13.01
Dividend Yield	1.39%	0.79%	1.20%	2.72%	1.29%	2.28%	1.51%	1.51%	0.96%	1.07%
Earnings Yield	0.00%	0.00%	7.53%	6.53%	10.42%	6.94%	7.43%	9.36%	8.98%	7.69%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.82	1.38	1.71	1.44	1.46	1.38	1.97	1.72
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.19	1.54	1.78	1.40	1.33	1.38	1.65	1.43
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	9.44	9.09	6.32	8.02	8.37	6.96	7.23	8.22
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	10.43	10.52	6.94	9.50	10.20	8.15	8.09	9.53
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	14.01	12.74	11.15	11.13	17.42	10.82	12.45	9.66
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	9.86	8.00	8.70	10.39	11.05	10.47	8.07	12.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	13.22	9.87	11.93	17.85	13.35	10.80	12.72
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.67	0.76	0.70	0.62	0.68	0.65	0.53	0.56
Long-Term Debt to Equity	0.00	0.00	0.67	0.76	0.63	0.62	0.56	0.60	0.53	0.56
Financial Leverage	0.00	-0.25	0.05	0.33	0.25	0.18	0.22	0.27	0.18	0.15
Leverage Ratio	0.00	1.33	1.63	2.01	2.05	1.97	1.98	2.02	1.93	1.89
Compound Leverage Factor	0.00	1.30	1.52	1.63	1.81	1.62	1.76	1.80	1.78	1.67
Debt to Total Capital	0.00%	0.00%	39.95%	43.27%	41.12%	38.39%	40.35%	39.43%	34.83%	35.86%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	3.87%	0.00%	6.99%	3.28%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	39.95%	43.27%	37.24%	38.39%	33.36%	36.15%	34.83%	35.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	2.79%	1.18%	1.75%	1.36%	1.19%	1.57%	1.87%	2.07%	1.01%
Common Equity to Total Capital	0.00%	97.21%	58.87%	54.97%	57.52%	60.41%	58.08%	58.70%	63.10%	63.13%
Debt to EBITDA	0.00	0.00	2.56	3.82	2.19	2.95	3.03	2.60	1.78	2.22
Net Debt to EBITDA	0.00	0.00	1.33	1.59	0.57	0.82	1.24	1.04	0.34	0.81
Long-Term Debt to EBITDA	0.00	0.00	2.56	3.82	1.98	2.95	2.51	2.38	1.78	2.22
Debt to NOPAT	0.00	0.00	3.80	5.35	3.86	4.10	6.31	4.04	3.06	2.61
Net Debt to NOPAT	0.00	0.00	1.98	2.22	1.00	1.14	2.57	1.62	0.58	0.95
Long-Term Debt to NOPAT	0.00	0.00	3.80	5.35	3.50	4.10	5.22	3.71	3.06	2.61
Altman Z-Score	0.00	0.00	2.77	2.00	2.53	2.40	2.21	2.32	3.13	2.96
Noncontrolling Interest Sharing Ratio	0.00%	2.79%	2.37%	2.54%	2.68%	2.12%	2.27%	2.86%	3.14%	2.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	3.17	0.00	3.93	2.91	3.61	1.93	2.54	2.91	3.17
Quick Ratio	0.00	2.46	0.00	3.43	2.64	3.19	1.71	2.26	2.70	2.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-5,057	-4,518	1,431	2,325	1,641	1,115	1,443	2,485	1,927
Operating Cash Flow to CapEx	866.49%	612.56%	1,074.04%	658.77%	545.25%	613.68%	504.20%	533.33%	1,004.23%	392.43%
Free Cash Flow to Firm to Interest Expense	0.00	-117.60	-22.26	4.29	5.95	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	71.96	30.63	12.43	7.08	6.75	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	63.65	25.63	11.28	6.01	5.51	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.77	0.70	0.60	0.58	0.62	0.68	0.64	0.72	0.75
Accounts Receivable Turnover	0.00	5.54	5.99	6.38	6.59	6.72	6.93	6.16	6.74	5.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	8.69	9.18	8.75	8.05	8.24	8.80	8.21	9.59	9.66
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	65.90	60.89	57.18	55.38	54.29	52.68	59.28	54.15	63.16
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	65.90	60.89	57.18	55.38	54.29	52.68	59.28	54.15	63.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	7,369	13,664	13,717	13,451	13,569	13,596	13,934	13,606	14,215
Invested Capital Turnover	0.00	2.76	1.08	0.90	0.95	1.03	1.10	1.02	1.18	1.23
Increase / (Decrease) in Invested Capital	0.00	7,369	6,295	53	-266	118	27	338	-328	609
Enterprise Value (EV)	0.00	0.00	24,886	18,913	22,953	19,583	19,896	19,262	26,841	24,504
Market Capitalization	0.00	0.00	21,169	15,290	20,625	17,353	16,678	16,042	25,197	21,917
Book Value per Share	$0.00	$15.44	$16.03	$16.72	$19.17	$20.37	$20.57	$22.96	$26.60	$27.67
Tangible Book Value per Share	$0.00	$6.41	$7.10	$5.78	$7.81	$8.31	$7.40	$8.85	$11.91	$12.16
Total Capital	0.00	9,869	16,898	18,362	19,337	18,769	17,868	18,253	18,957	18,420
Total Debt	0.00	0.00	6,751	7,946	7,951	7,206	7,210	7,197	6,602	6,606
Total Long-Term Debt	0.00	0.00	6,751	7,946	7,202	7,206	5,961	6,598	6,602	6,606
Net Debt	0.00	-2,500	3,517	3,301	2,065	2,006	2,938	2,878	1,251	2,401
Capital Expenditures (CapEx)	191	215	235	359	484	307	357	345	331	502
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	1,321	3,244	935	610	785	471	829	181	1,581
Debt-free Net Working Capital (DFNWC)	0.00	3,821	6,478	5,580	6,496	5,985	4,743	5,148	5,532	5,786
Net Working Capital (NWC)	0.00	3,821	6,478	5,580	5,747	5,985	3,494	4,549	5,532	5,786
Net Nonoperating Expense (NNE)	97	84	134	422	-142	526	-111	227	-136	809
Net Nonoperating Obligations (NNO)	0.00	-2,500	3,517	3,301	2,065	2,006	2,938	2,878	1,251	2,401
Total Depreciation and Amortization (D&A)	226	224	250	282	322	381	427	405	395	410
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	13.01%	28.48%	7.60%	4.73%	5.62%	3.16%	5.93%	1.11%	9.23%
Debt-free Net Working Capital to Revenue	0.00%	37.63%	56.88%	45.35%	50.32%	42.83%	31.80%	36.82%	33.94%	33.78%
Net Working Capital to Revenue	0.00%	37.63%	56.88%	45.35%	44.52%	42.83%	23.43%	32.54%	33.94%	33.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.21	$3.52	$2.57	$1.63	$0.00	$2.13	$2.34	$3.14	$4.97	$3.91
Adjusted Weighted Average Basic Shares Outstanding	0.00	621.30M	620.61M	604.76M	574.79M	549.12M	489.26M	460.23M	445.54M	419.65M
Adjusted Diluted Earnings per Share	$2.21	$3.52	$2.57	$1.62	$0.00	$2.11	$2.33	$3.13	$4.91	$3.84
Adjusted Weighted Average Diluted Shares Outstanding	0.00	621.30M	620.61M	604.76M	574.79M	549.12M	489.26M	460.23M	445.54M	419.65M
Adjusted Basic & Diluted Earnings per Share	$2.21	$3.52	$2.57	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	621.30M	620.61M	604.76M	574.79M	549.12M	489.26M	460.23M	445.54M	419.65M
Normalized Net Operating Profit after Tax (NOPAT)	1,610	1,588	1,796	1,811	2,086	1,759	1,142	1,781	2,157	2,536
Normalized NOPAT Margin	16.22%	15.64%	15.77%	14.72%	16.16%	12.59%	7.66%	12.74%	13.23%	14.81%
Pre Tax Income Margin	22.59%	21.37%	19.53%	11.90%	22.60%	12.12%	11.64%	15.05%	18.78%	13.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	98.43	51.47	11.75	5.38	8.46	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	65.47	53.77	8.75	4.44	5.27	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	90.13	46.47	10.60	4.31	7.23	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	57.17	48.77	7.59	3.37	4.03	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.48%	1.84%	11.44%	31.54%	18.04%	24.90%	23.86%	18.08%	12.08%	28.66%
Augmented Payout Ratio	2.48%	1.84%	11.44%	88.04%	63.52%	106.00%	183.48%	82.43%	55.69%	144.47%

This table displays calculated financial ratios and metrics derived from FOX's official financial filings.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	425,396,078.00	420,186,315.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	425,396,078.00	420,186,315.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.39	1.64
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.06%	-15.60%	1.98%	11.13%	19.93%	26.81%	6.31%	4.88%	2.05%	-8.63%	28.14%
EBITDA Growth	-49.83%	882.46%	0.16%	78.77%	128.38%	-42.59%	74.22%	-24.22%	-24.85%	-34.11%	-2.41%
EBIT Growth	-59.36%	25,350.00%	1.12%	92.69%	192.57%	-46.27%	88.01%	-26.72%	-29.44%	-41.13%	-3.53%
NOPAT Growth	-34.89%	576.48%	77.31%	20.40%	89.48%	-7.14%	24.01%	7.24%	15.39%	15.63%	32.80%
Net Income Growth	-64.17%	1,508.00%	-13.28%	100.48%	237.39%	-49.72%	124.69%	-26.80%	-36.34%	-50.57%	-3.20%
EPS Growth	-60.34%	1,500.00%	-9.33%	117.07%	252.17%	-46.43%	130.88%	-25.84%	-35.80%	-49.33%	3.18%
Operating Cash Flow Growth	-0.94%	-5.87%	82.35%	15,700.00%	32.46%	36.52%	68.30%	-182.28%	-84.81%	-5.61%	-42.70%
Free Cash Flow Firm Growth	-25.90%	-174.84%	-54.15%	-94.54%	-223.96%	347.76%	718.46%	2,707.61%	202.32%	15.26%	-85.83%
Invested Capital Growth	-0.87%	6.00%	2.49%	4.71%	5.36%	-0.54%	-2.35%	-0.67%	0.13%	-0.62%	4.48%
Revenue Q/Q Growth	32.02%	-18.59%	-10.30%	15.27%	42.48%	-13.92%	-24.80%	13.72%	38.63%	-22.93%	5.46%
EBITDA Q/Q Growth	-56.84%	269.64%	-42.40%	94.88%	-44.86%	-7.08%	74.49%	-15.51%	-45.46%	-18.18%	158.63%
EBIT Q/Q Growth	-66.45%	403.96%	-46.65%	114.02%	-49.05%	-7.45%	86.29%	-16.58%	-50.94%	-22.78%	205.28%
NOPAT Q/Q Growth	-64.77%	179.61%	-22.54%	57.78%	-44.55%	37.03%	4.95%	34.49%	-40.34%	37.31%	20.53%
Net Income Q/Q Growth	-72.29%	512.17%	-54.55%	160.00%	-53.37%	-8.76%	103.11%	-15.30%	-59.44%	-29.15%	297.71%
EPS Q/Q Growth	-71.95%	508.70%	-51.43%	161.76%	-54.49%	-7.41%	109.33%	-15.92%	-60.61%	-26.92%	326.32%
Operating Cash Flow Q/Q Growth	-53,700.00%	375.37%	-39.09%	-82.42%	-329.11%	656.63%	-24.91%	-108.59%	-414.62%	384.30%	-54.42%
Free Cash Flow Firm Q/Q Growth	-39.15%	-173.10%	141.48%	-70.40%	-1,481.08%	246.10%	45.66%	-4.48%	-49.67%	64.58%	-82.09%
Invested Capital Q/Q Growth	5.90%	-3.77%	-2.76%	5.68%	6.55%	-9.16%	-4.53%	7.50%	7.40%	-9.84%	0.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	7.16%	32.49%	20.83%	35.21%	13.63%	14.71%	34.13%	25.36%	9.98%	10.59%	25.97%
Operating Margin	5.46%	22.45%	20.02%	26.01%	10.04%	16.13%	22.42%	26.08%	11.15%	20.56%	23.05%
EBIT Margin	4.77%	29.53%	17.53%	32.55%	11.64%	12.51%	31.00%	22.74%	8.05%	8.06%	23.34%
Profit (Net Income) Margin	2.72%	20.42%	10.35%	23.34%	7.64%	8.10%	21.87%	16.29%	4.77%	4.38%	16.52%
Tax Burden Percent	87.79%	73.26%	70.95%	74.75%	75.34%	74.68%	74.97%	76.22%	76.71%	74.15%	75.57%
Interest Burden Percent	64.85%	94.40%	83.21%	95.95%	87.14%	86.65%	94.11%	94.00%	77.22%	73.29%	93.69%
Effective Tax Rate	12.21%	26.74%	29.05%	25.25%	24.66%	25.32%	25.03%	23.78%	23.29%	25.85%	24.43%
Return on Invested Capital (ROIC)	4.66%	16.44%	14.43%	19.37%	7.51%	13.57%	19.90%	22.32%	9.04%	17.38%	21.45%
ROIC Less NNEP Spread (ROIC-NNEP)	2.31%	20.68%	10.33%	23.63%	7.60%	7.62%	27.96%	17.33%	4.40%	1.28%	19.38%
Return on Net Nonoperating Assets (RNNOA)	0.77%	6.26%	2.77%	6.93%	2.79%	1.94%	4.93%	3.89%	1.62%	0.30%	2.93%
Return on Equity (ROE)	5.43%	22.70%	17.19%	26.30%	10.30%	15.51%	24.83%	26.21%	10.66%	17.68%	24.38%
Cash Return on Invested Capital (CROIC)	6.71%	5.50%	10.48%	8.59%	8.49%	14.93%	18.04%	15.70%	14.28%	17.16%	13.85%
Operating Return on Assets (OROA)	3.02%	18.64%	11.18%	21.12%	7.70%	8.94%	22.38%	16.54%	6.00%	5.79%	17.50%
Return on Assets (ROA)	1.72%	12.89%	6.60%	15.15%	5.06%	5.79%	15.79%	11.85%	3.55%	3.14%	12.39%
Return on Common Equity (ROCE)	5.29%	22.02%	16.70%	25.59%	10.01%	15.03%	24.05%	25.68%	10.42%	17.27%	23.79%
Return on Equity Simple (ROE_SIMPLE)	8.28%	15.19%	0.00%	17.48%	19.52%	16.43%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	203	567	439	693	384	527	553	743	443	609	734
NOPAT Margin	4.79%	16.45%	14.20%	19.44%	7.57%	12.05%	16.81%	19.88%	8.56%	15.24%	17.42%
Net Nonoperating Expense Percent (NNEP)	2.35%	-4.24%	4.10%	-4.26%	-0.09%	5.96%	-8.06%	4.99%	4.64%	16.10%	2.07%
Return On Investment Capital (ROIC_SIMPLE)	1.08%	3.17%	-	-	2.04%	2.79%	2.96%	3.93%	2.51%	3.44%	4.00%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	91.83%	74.27%	75.13%	70.71%	84.70%	80.44%	71.46%	71.51%	86.65%	76.11%	71.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	94.54%	77.55%	79.98%	73.99%	89.96%	83.87%	77.58%	73.92%	88.85%	79.44%	76.95%
Earnings before Interest and Taxes (EBIT)	202	1,018	542	1,160	591	547	1,019	850	417	322	983
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	303	1,120	644	1,255	692	643	1,122	948	517	423	1,094
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.38	1.39	1.50	1.73	1.93	2.23	2.11	2.30	2.97	2.26	1.88
Price to Tangible Book Value (P/TBV)	3.88	3.71	3.88	4.15	4.50	5.28	4.71	5.01	7.48	5.67	4.29
Price to Revenue (P/Rev)	0.97	1.05	1.15	1.36	1.46	1.59	1.55	1.71	1.96	1.53	1.28
Price to Earnings (P/E)	16.85	9.43	10.69	10.14	10.15	13.76	11.13	13.81	17.15	14.52	13.01
Dividend Yield	1.75%	1.68%	1.51%	1.25%	1.09%	0.95%	0.96%	0.87%	0.75%	0.96%	1.07%
Earnings Yield	5.93%	10.61%	9.36%	9.86%	9.85%	7.27%	8.98%	7.24%	5.83%	6.89%	7.69%
Enterprise Value to Invested Capital (EV/IC)	1.26	1.29	1.38	1.56	1.68	1.99	1.97	2.09	2.37	1.98	1.72
Enterprise Value to Revenue (EV/Rev)	1.29	1.33	1.38	1.60	1.74	1.76	1.65	1.85	2.25	1.73	1.43
Enterprise Value to EBITDA (EV/EBITDA)	10.64	6.67	6.96	6.90	7.11	8.78	7.23	8.98	11.53	9.32	8.22
Enterprise Value to EBIT (EV/EBIT)	13.95	7.83	8.15	7.85	7.97	10.00	8.09	10.15	13.14	10.75	9.53
Enterprise Value to NOPAT (EV/NOPAT)	21.48	11.71	10.82	12.07	12.59	13.82	12.45	13.83	16.45	11.93	9.66
Enterprise Value to Operating Cash Flow (EV/OCF)	12.28	12.87	10.47	11.48	12.15	10.48	8.07	10.05	13.64	10.72	12.44
Enterprise Value to Free Cash Flow (EV/FCFF)	18.67	24.12	13.35	18.54	20.33	13.31	10.80	13.25	16.60	11.50	12.72
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	0.66	0.65	0.62	0.61	0.61	0.53	0.53	0.59	0.59	0.56
Long-Term Debt to Equity	0.68	0.66	0.60	0.57	0.56	0.56	0.53	0.53	0.59	0.59	0.56
Financial Leverage	0.33	0.30	0.27	0.29	0.37	0.25	0.18	0.22	0.37	0.23	0.15
Leverage Ratio	2.05	2.06	2.02	1.99	2.05	1.98	1.93	1.89	1.94	1.96	1.89
Compound Leverage Factor	1.33	1.95	1.68	1.90	1.79	1.71	1.82	1.78	1.50	1.44	1.77
Debt to Total Capital	44.42%	39.71%	39.43%	38.34%	37.87%	37.77%	34.83%	34.76%	37.26%	37.18%	35.86%
Short-Term Debt to Total Capital	6.57%	0.00%	3.28%	3.20%	3.16%	3.15%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	37.84%	39.71%	36.15%	35.14%	34.72%	34.62%	34.83%	34.76%	37.26%	37.18%	35.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.66%	2.05%	1.87%	1.61%	1.66%	1.78%	2.07%	0.97%	1.09%	1.08%	1.01%
Common Equity to Total Capital	53.92%	58.24%	58.70%	60.05%	60.47%	60.45%	63.10%	64.27%	61.65%	61.75%	63.13%
Debt to EBITDA	4.79	2.60	2.60	2.17	1.94	2.23	1.78	1.94	2.05	2.20	2.22
Net Debt to EBITDA	2.45	1.23	1.04	0.95	1.05	0.74	0.34	0.66	1.42	1.00	0.81
Long-Term Debt to EBITDA	4.08	2.60	2.38	1.99	1.78	2.04	1.78	1.94	2.05	2.20	2.22
Debt to NOPAT	9.68	4.57	4.04	3.79	3.44	3.50	3.06	2.99	2.92	2.81	2.61
Net Debt to NOPAT	4.95	2.16	1.62	1.66	1.85	1.16	0.58	1.01	2.03	1.28	0.95
Long-Term Debt to NOPAT	8.24	4.57	3.71	3.47	3.15	3.21	3.06	2.99	2.92	2.81	2.61
Altman Z-Score	1.76	2.07	2.05	2.36	2.43	2.61	2.80	3.06	3.20	2.71	2.73
Noncontrolling Interest Sharing Ratio	2.59%	3.00%	2.86%	2.68%	2.82%	3.12%	3.14%	2.03%	2.22%	2.31%	2.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.29	3.24	2.54	2.59	2.50	2.45	2.91	3.24	2.78	2.90	3.17
Quick Ratio	1.92	2.83	2.26	2.24	2.07	2.26	2.70	2.92	2.31	2.52	2.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	334	-244	101	30	-414	605	881	841	423	697	125
Operating Cash Flow to CapEx	-678.48%	1,778.31%	802.68%	246.88%	-489.19%	2,722.97%	1,271.43%	-125.00%	-548.36%	1,408.89%	614.89%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.63	0.64	0.65	0.66	0.71	0.72	0.73	0.75	0.72	0.75
Accounts Receivable Turnover	4.85	5.33	6.16	5.61	4.68	5.62	6.74	5.99	4.70	5.23	5.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.68	8.32	8.21	8.51	9.07	9.67	9.59	9.72	9.72	9.41	9.66
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	75.28	68.46	59.28	65.01	78.06	64.97	54.15	60.90	77.60	69.84	63.16
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	75.28	68.46	59.28	65.01	78.06	64.97	54.15	60.90	77.60	69.84	63.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,891	14,330	13,934	14,725	15,689	14,252	13,606	14,627	15,709	14,164	14,215
Invested Capital Turnover	0.97	1.00	1.02	1.00	0.99	1.13	1.18	1.12	1.06	1.14	1.23
Increase / (Decrease) in Invested Capital	-131	811	338	663	798	-78	-328	-98	20	-88	609
Enterprise Value (EV)	18,742	18,457	19,262	22,930	26,382	28,390	26,841	30,514	37,220	28,038	24,504
Market Capitalization	14,103	14,681	16,042	19,481	22,188	25,664	25,197	28,095	32,439	24,843	21,917
Book Value per Share	$21.23	$22.22	$22.96	$24.50	$25.17	$25.42	$26.60	$27.40	$24.62	$25.79	$27.67
Tangible Book Value per Share	$7.52	$8.34	$8.85	$10.21	$10.80	$10.71	$11.91	$12.59	$9.77	$10.29	$12.16
Total Capital	19,013	18,121	18,253	18,777	19,011	19,067	18,957	18,995	17,726	17,765	18,420
Total Debt	8,445	7,196	7,197	7,199	7,200	7,201	6,602	6,603	6,604	6,605	6,606
Total Long-Term Debt	7,195	7,196	6,598	6,599	6,600	6,601	6,602	6,603	6,604	6,605	6,606
Net Debt	4,323	3,405	2,878	3,147	3,878	2,386	1,251	2,235	4,587	3,004	2,401
Capital Expenditures (CapEx)	79	83	112	64	74	74	119	104	122	135	141
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,922	1,170	829	1,336	2,218	967	181	1,140	2,293	1,334	1,581
Debt-free Net Working Capital (DFNWC)	6,044	4,961	5,148	5,388	5,540	5,782	5,532	5,508	4,310	4,935	5,786
Net Working Capital (NWC)	4,794	4,961	4,549	4,788	4,940	5,182	5,532	5,508	4,310	4,935	5,786
Net Nonoperating Expense (NNE)	88	-137	119	-139	-3.77	173	-166	134	196	434	38
Net Nonoperating Obligations (NNO)	4,323	3,405	2,878	3,147	3,878	2,386	1,251	2,235	4,587	3,004	2,401
Total Depreciation and Amortization (D&A)	101	102	102	95	101	96	103	98	100	101	111
Debt-free, Cash-free Net Working Capital to Revenue	13.20%	8.41%	5.93%	9.32%	14.61%	6.00%	1.11%	6.92%	13.83%	8.23%	9.23%
Debt-free Net Working Capital to Revenue	41.52%	35.64%	36.82%	37.58%	36.49%	35.90%	33.94%	33.43%	26.00%	30.46%	33.78%
Net Working Capital to Revenue	32.93%	35.64%	32.54%	33.40%	32.54%	32.18%	33.94%	33.43%	26.00%	30.46%	33.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$1.41	$0.67	$1.79	$0.82	$0.76	$1.60	$1.34	$0.53	$0.39	$1.65
Adjusted Weighted Average Basic Shares Outstanding	481M	474M	460.23M	461M	457M	453M	445.54M	447M	433M	424M	419.65M
Adjusted Diluted Earnings per Share	$0.23	$1.40	$0.68	$1.78	$0.81	$0.75	$1.57	$1.32	$0.52	$0.38	$1.62
Adjusted Weighted Average Diluted Shares Outstanding	482M	475M	460.23M	464M	462M	461M	445.54M	455M	441M	432M	419.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	474.88M	466.73M	460.23M	456.74M	453.43M	449.62M	445.54M	443.94M	425.40M	420.19M	419.65M
Normalized Net Operating Profit after Tax (NOPAT)	203	567	439	693	384	527	553	743	443	609	734
Normalized NOPAT Margin	4.79%	16.45%	14.20%	19.44%	7.57%	12.05%	16.81%	19.88%	8.56%	15.24%	17.42%
Pre Tax Income Margin	3.09%	27.88%	14.59%	31.23%	10.14%	10.84%	29.18%	21.38%	6.21%	5.91%	21.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.69%	17.47%	18.08%	14.05%	12.17%	14.57%	12.08%	23.77%	25.82%	28.17%	28.66%
Augmented Payout Ratio	269.26%	79.85%	82.43%	64.79%	56.73%	67.37%	55.69%	72.08%	145.05%	151.03%	144.47%

Financials Breakdown Chart

Key Financial Trends

FOX (NASDAQ:FOX) financial trends: The supplied filings identify the company as Fox Corp. under ticker FOXA, rather than FOX. Based on the available statements, Fox’s latest quarter showed strong revenue and operating-income growth, although cash flow and bottom-line earnings were more mixed.

Revenue increased to $4.21 billion in Q4 2026, up from $3.29 billion in Q4 2025, $3.09 billion in Q4 2024 and $3.03 billion in Q4 2023. Operating income reached $971 million, producing an operating margin of approximately 23.1%, compared with 22.4% in Q4 2025 and 11.2% in Q4 2023.

Revenue growth remains strong: Q4 2026 revenue was approximately 28% higher than Q4 2025 and nearly 39% above Q4 2023.
Operating profitability improved: Operating income rose from $737 million in Q4 2025 to $971 million in Q4 2026, while selling, general and administrative expense grew more slowly than revenue.
Share repurchases are reducing the share count: The company repurchased $2.0 billion of common equity during the first four quarters of fiscal 2026. Weighted-average basic shares declined from 447 million in Q1 2026 to approximately 420 million in Q4 2026.
EPS benefited from the lower share count: Diluted EPS increased to $1.62 in Q4 2026 from $1.57 in Q4 2025, despite lower net income attributable to common shareholders.
Liquidity improved during Q4: Net cash from operating activities was $867 million and net cash increased by $604 million during the quarter, reversing the significant cash outflows reported in Q1 and Q2 2026.
Balance-sheet liquidity is substantial: At March 31, 2026, Fox reported $3.60 billion of cash and equivalents and $7.54 billion of current assets versus $2.60 billion of current liabilities, implying a current ratio of roughly 2.9.
Capital spending is consistent: Purchases of property, plant and equipment were $141 million in Q4 2026, broadly in line with the $119 million spent in Q4 2025 and $112 million in Q4 2024.
Quarterly cash generation has been volatile: Operating cash flow was negative $130 million in Q1 2026 and negative $669 million in Q2 2026 before recovering to $1.90 billion in Q3 and $867 million in Q4. This volatility appears partly related to changes in operating assets and liabilities.
Net income declined year over year: Q4 2026 consolidated net income was $696 million, down from $719 million in Q4 2025. Net income attributable to common shareholders fell to $691 million from $717 million.
Other income and expense became a headwind: Fox reported $50 million of net other expense in Q4 2026, compared with $222 million of net other income in Q4 2025. As a result, net profit margin fell to approximately 16.5% from 21.9%.

Fox’s recent results suggest a business with improving revenue scale and operating margins, supported by aggressive share repurchases. However, investors should monitor whether operating cash flow remains positive without relying on favorable working-capital movements. The company also carries approximately $6.61 billion of long-term debt, making sustained cash generation important for continued buybacks, dividends and debt management.

One data-quality limitation is that the standardized statements report zero cost of revenue in several periods, causing gross profit to equal revenue. Consequently, gross-margin comparisons are not meaningful using this dataset; operating margin and cash-flow trends provide a more useful view of performance.

08/23/26 06:39 AM ETAI Generated. May Contain Errors.

FOX Financials - Frequently Asked Questions

According to the most recent income statement we have on file, FOX's financial year ends in June. Their financial year 2026 ended on June 30, 2026.

FOX's net income were at $1.73 billion at the end of 2026, a 24.7% decrease from 2025, and a 22.6% increase since 2017. View FOX's forecast to see where analysts expect FOX to go next.

FOX's total operating income in 2026 was $3.35 billion, based on the following breakdown:

Total Gross Profit: $17.13 billion
Total Operating Expenses: $13.78 billion

Over the last 9 years, FOX's total revenue changed from $9.92 billion in 2017 to $17.13 billion in 2026, a change of 72.6%.

FOX's total liabilities were at $10.67 billion at the end of 2026, a 1.6% decrease from 2025, and a 228.0% increase since 2018.

In the past 8 years, FOX's cash and equivalents has ranged from $2.50 billion in 2018 to $5.89 billion in 2021, and is currently $4.21 billion as of their latest financial filing in 2026.

Over the last 9 years, FOX's book value per share changed from 0.00 in 2017 to 27.67 in 2026, a change of 2,767.3%.

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Financial statements for NASDAQ:FOX last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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FOX (FOX) Financials

Financials Breakdown Chart

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FOX Financials - Frequently Asked Questions

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FOX (FOX) Financials

Annual Income Statements for FOX

Quarterly Income Statements for FOX

Annual Cash Flow Statements for FOX

Quarterly Cash Flow Statements for FOX

Annual Balance Sheets for FOX

Quarterly Balance Sheets for FOX

Annual Metrics And Ratios for FOX

Quarterly Metrics And Ratios for FOX

Financials Breakdown Chart

Key Financial Trends

FOX Financials - Frequently Asked Questions

When does FOX's fiscal year end?

How has FOX's net income changed over the last 9 years?

What is FOX's operating income?

How has FOX's revenue changed over the last 9 years?

How much debt does FOX have?

How much cash does FOX have?

How has FOX's book value per share changed over the last 9 years?

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