FOX (FOXA) Financials

$58.10 +0.83 (+1.45%)

Closing price 10/13/2025 04:00 PM Eastern

Extended Trading

$58.46 +0.36 (+0.62%)

As of 10/13/2025 06:04 PM Eastern

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

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 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	313	-54	375	407	109	666	319	827	373	346	717
Consolidated Net Income / (Loss)	321	-50	369	415	115	704	320	832	388	354	719
Net Income / (Loss) Continuing Operations	321	-50	369	415	115	704	320	832	388	354	719
Total Pre-Tax Income	437	-51	505	561	131	961	451	1,113	515	474	959
Total Operating Income	424	-170	339	778	231	774	619	927	510	705	737
Total Gross Profit	4,605	4,084	3,032	3,207	4,234	3,447	3,092	3,564	5,078	4,371	3,287
Total Revenue	4,605	4,084	3,032	3,207	4,234	3,447	3,092	3,564	5,078	4,371	3,287
Operating Revenue	4,605	4,084	3,032	3,207	4,234	3,447	3,092	3,564	5,078	4,371	3,287
Total Operating Expenses	4,181	4,254	2,693	2,429	4,003	2,673	2,473	2,637	4,568	3,666	2,550
Selling, General & Admin Expense	4,078	3,255	2,301	2,342	3,888	2,560	2,323	2,520	4,301	3,516	2,349
Depreciation Expense	103	106	103	96	97	98	98	91	97	95	102
Other Operating Expenses / (Income)	-	893	-	-9.00	18	15	-	26	170	55	99
Total Other Income / (Expense), net	13	119	166	-217	-100	187	-168	186	5.00	-231	222
Interest & Investment Income	-	-	-	-41	-71	-57	-	-47	-76	-73	-60
Other Income / (Expense), net	73	174	197	-176	-29	244	-77	233	81	-158	282
Income Tax Expense	116	-1.00	136	146	16	257	131	281	127	120	240
Net Income / (Loss) Attributable to Noncontrolling Interest	8.00	4.00	-6.00	8.00	6.00	38	1.00	5.00	15	8.00	2.00
Basic Earnings per Share	$0.58	($0.10)	$0.76	$0.83	$0.23	$1.41	$0.67	$1.79	$0.82	$0.76	$1.60
Weighted Average Basic Shares Outstanding	541M	521M	489.26M	492M	481M	474M	460.23M	461M	457M	453M	445.54M
Diluted Earnings per Share	$0.58	($0.10)	$0.75	$0.82	$0.23	$1.40	$0.68	$1.78	$0.81	$0.75	$1.57
Weighted Average Diluted Shares Outstanding	543M	521M	489.26M	494M	482M	475M	460.23M	464M	462M	461M	445.54M
Weighted Average Basic & Diluted Shares Outstanding	534.56M	504.64M	489.26M	482.81M	474.88M	466.73M	460.23M	456.74M	453.43M	449.62M	445.54M

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
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
Net Change in Cash & Equivalents	-18	2,481	734	1,411	1,241	-686	-928	47	1,032
Net Cash From Operating Activities	1,655	1,317	2,524	2,365	2,639	1,884	1,800	1,840	3,324
Net Cash From Continuing Operating Activities	1,655	1,317	2,524	2,365	2,639	1,888	1,800	1,840	3,324
Net Income / (Loss) Continuing Operations	1,409	2,228	1,643	1,062	2,201	1,233	1,253	1,554	2,293
Consolidated Net Income / (Loss)	1,409	2,228	1,643	1,062	2,201	1,233	1,253	1,554	2,293
Depreciation Expense	169	171	212	258	300	363	411	389	385
Amortization Expense	57	53	38	24	22	18	16	16	10
Non-Cash Adjustments To Reconcile Net Income	296	55	81	699	372	314	214	-55	527
Changes in Operating Assets and Liabilities, net	-276	-1,190	550	322	-256	-40	-94	-64	109
Net Cash From Investing Activities	-242	128	-637	-1,100	-528	-513	-438	-452	-537
Net Cash From Continuing Investing Activities	-242	128	-637	-1,100	-528	-513	-438	-452	-537
Purchase of Property, Plant & Equipment	-191	-215	-235	-359	-484	-307	-357	-345	-331
Acquisitions	-	0.00	0.00	-1,061	-51	-243	0.00	0.00	-97
Purchase of Investments	-13	0.00	-338	-103	-86	-28	-54	-103	-79
Other Investing Activities, net	-38	-11	-64	14	0.00	-18	-27	-4.00	-30
Net Cash From Financing Activities	-1,431	1,036	-1,153	146	-870	-2,057	-2,290	-1,341	-1,755
Net Cash From Continuing Financing Activities	-1,431	1,036	-1,153	146	-870	-2,057	-2,290	-1,341	-1,755
Repayment of Debt	-1.00	-36	-	-15	-46	-775	-26	-1,292	-478
Repurchase of Common Equity	-	0.00	0.00	-600	-1,001	-1,000	-2,000	-1,000	-1,000
Payment of Dividends	-35	-41	-188	-335	-397	-307	-299	-281	-277
Issuance of Debt	0.00	0.00	6,768	1,191	-	0.00	0.00	1,232	0.00
Other Financing Activities, net	-1,395	1,113	-7,733	-95	574	25	35	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 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-892	88	126	-443	293	-331	528	-267	-730	1,493	536
Net Cash From Operating Activities	-531	1,568	493	1.00	-536	1,476	899	158	-362	2,015	1,513
Net Cash From Continuing Operating Activities	-531	1,568	493	1.00	-536	1,476	899	158	-362	2,015	1,513
Net Income / (Loss) Continuing Operations	321	-50	369	415	115	704	320	832	388	354	719
Consolidated Net Income / (Loss)	321	-50	369	415	115	704	320	832	388	354	719
Depreciation Expense	103	106	103	96	97	98	98	91	97	95	102
Amortization Expense	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	1.00	1.00
Non-Cash Adjustments To Reconcile Net Income	-135	1,384	-785	-63	-82	-21	111	-479	4.00	1,131	-129
Changes in Operating Assets and Liabilities, net	-824	124	802	-451	-670	691	366	-290	-855	434	820
Net Cash From Investing Activities	-103	-97	-120	-58	-85	-181	-128	-78	-162	-167	-130
Net Cash From Continuing Investing Activities	-103	-97	-120	-58	-85	-181	-128	-78	-162	-167	-130
Purchase of Property, Plant & Equipment	-79	-84	-120	-71	-79	-83	-112	-64	-74	-74	-119
Acquisitions	-	-	-	-	-	-	-	-	-	-	-6.00
Other Investing Activities, net	-5.00	-8.00	-1.00	13	-	-5.00	-12	-14	-9.00	-2.00	-5.00
Net Cash From Financing Activities	-258	-1,383	-247	-386	914	-1,626	-243	-347	-206	-355	-847
Net Cash From Continuing Financing Activities	-258	-1,383	-247	-386	914	-1,626	-243	-347	-206	-355	-847
Repayment of Debt	-	3.00	1.00	-1.00	-61	-1,246	16	34	47	28	-587
Repurchase of Common Equity	-250	-1,250	-250	-250	-250	-250	-250	-250	-250	-250	-250
Payment of Dividends	-8.00	-136	-8.00	-135	-7.00	-130	-9.00	-131	-3.00	-133	-10

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
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
Total Assets	13,121	19,509	21,750	22,926	22,185	21,866	21,972	23,195
Total Current Assets	5,580	6,478	7,486	8,749	8,281	7,257	7,501	8,429
Cash & Equivalents	2,500	3,234	4,645	5,886	5,200	4,272	4,319	5,351
Accounts Receivable	1,833	1,967	1,888	2,029	2,128	2,177	2,364	2,472
Inventories, net	1,180	1,129	856	729	791	543	626	432
Other Current Assets	67	148	97	105	162	265	192	174
Plant, Property, & Equipment, net	1,169	1,313	1,498	1,708	1,682	1,708	1,696	1,705
Total Noncurrent Assets	6,372	11,718	12,766	12,469	12,222	12,901	12,775	13,061
Goodwill	2,747	2,691	3,409	3,435	3,554	3,559	3,544	3,639
Intangible Assets	2,866	2,851	3,198	3,154	3,157	3,084	3,038	2,969
Noncurrent Deferred & Refundable Income Taxes	0.00	4,651	4,358	3,822	3,440	3,090	2,878	2,721
Other Noncurrent Operating Assets	759	1,525	1,801	2,058	2,071	3,168	3,315	3,732
Total Liabilities & Shareholders' Equity	13,121	19,509	21,750	22,926	22,185	21,866	21,972	23,195
Total Liabilities	3,252	9,362	11,334	11,540	10,622	11,208	10,916	10,840
Total Current Liabilities	1,759	0.00	1,906	3,002	2,296	3,763	2,952	2,897
Short-Term Debt	-	-	0.00	749	0.00	1,249	599	0.00
Accounts Payable	1,759	-	1,906	2,253	2,296	2,514	2,353	2,897
Total Noncurrent Liabilities	1,493	9,362	9,428	8,538	8,326	7,445	7,964	7,943
Long-Term Debt	0.00	6,751	7,946	7,202	7,206	5,961	6,598	6,602
Other Noncurrent Operating Liabilities	422	2,611	1,482	1,336	1,120	1,484	1,366	1,341
Commitments & Contingencies	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
Total Equity & Noncontrolling Interests	9,594	9,958	10,111	11,125	11,375	10,445	10,814	12,067
Total Preferred & Common Equity	9,594	9,947	10,094	11,123	11,339	10,378	10,714	11,962
Total Common Equity	9,594	9,947	10,094	11,123	11,339	10,378	10,714	11,962
Common Stock	0.00	9,898	9,837	9,459	9,104	8,258	7,682	7,607
Retained Earnings	0.00	357	674	1,982	2,461	2,269	3,139	4,479
Accumulated Other Comprehensive Income / (Loss)	81	-308	-417	-318	-226	-149	-107	-124
Noncontrolling Interest	0.00	11	17	2.00	36	67	100	105

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	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	22,424	23,126	22,396	21,866	21,649	22,846	21,717	21,972	22,538	23,022	23,367
Total Current Assets	8,495	8,571	7,723	7,257	7,239	8,501	7,178	7,501	7,793	8,237	8,749
Cash & Equivalents	4,950	4,058	4,146	4,272	3,829	4,122	3,791	4,319	4,052	3,322	4,815
Accounts Receivable	2,268	3,004	2,741	2,177	2,420	3,001	2,481	2,364	2,687	3,492	3,252
Inventories, net	1,020	1,300	487	543	751	1,038	660	626	795	1,171	455
Other Current Assets	257	209	349	265	239	340	246	192	259	252	227
Plant, Property, & Equipment, net	1,681	1,680	1,675	1,708	1,683	1,676	1,672	1,696	1,685	1,671	1,660
Total Noncurrent Assets	12,248	12,875	12,998	12,901	12,727	12,669	12,867	12,775	13,060	13,114	12,958
Goodwill	3,550	3,556	3,557	3,559	3,557	3,559	3,544	3,544	3,547	3,543	3,639
Intangible Assets	3,135	3,114	3,097	3,084	3,072	3,061	3,048	3,038	3,030	3,020	3,030
Noncurrent Deferred & Refundable Income Taxes	3,334	3,283	3,199	3,090	3,042	3,065	2,941	2,878	2,772	2,729	2,712
Other Noncurrent Operating Assets	2,229	2,922	3,145	3,168	3,056	2,984	3,334	3,315	3,711	3,822	3,577
Total Liabilities & Shareholders' Equity	22,424	23,126	22,396	21,866	21,649	22,846	21,717	21,972	22,538	23,022	23,367
Total Liabilities	10,646	11,254	11,941	11,208	10,970	12,278	10,792	10,916	10,960	11,211	11,501
Total Current Liabilities	2,362	2,543	4,402	3,763	3,589	3,707	2,217	2,952	3,005	3,297	3,567
Short-Term Debt	-	-	1,249	1,249	1,250	1,250	0.00	599	600	600	600
Accounts Payable	2,362	2,543	3,153	2,514	2,339	2,457	2,217	2,353	2,405	2,697	2,967
Total Noncurrent Liabilities	8,284	8,711	7,539	7,445	7,381	8,571	8,575	7,964	7,955	7,914	7,934
Long-Term Debt	7,207	7,208	5,961	5,961	5,962	7,195	7,196	6,598	6,599	6,600	6,601
Other Noncurrent Operating Liabilities	1,077	1,503	1,578	1,484	1,419	1,376	1,379	1,366	1,356	1,314	1,333
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	193	196	200	213	228	243	260	242	202	200	228
Total Equity & Noncontrolling Interests	11,585	11,676	10,255	10,445	10,451	10,325	10,665	10,814	11,376	11,611	11,638
Total Preferred & Common Equity	11,521	11,607	10,185	10,378	10,384	10,252	10,554	10,714	11,276	11,495	11,526
Total Common Equity	11,521	11,607	10,185	10,378	10,384	10,252	10,554	10,714	11,276	11,495	11,526
Common Stock	8,954	8,841	8,366	8,258	7,996	7,884	7,773	7,682	7,645	7,654	7,632
Retained Earnings	2,795	2,985	2,032	2,269	2,539	2,514	2,926	3,139	3,734	3,949	3,999
Accumulated Other Comprehensive Income / (Loss)	-228	-219	-213	-149	-151	-146	-145	-107	-103	-108	-105
Noncontrolling Interest	64	69	70	67	67	73	111	100	100	116	112

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
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
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	2.34%	12.17%	8.03%	4.93%	8.25%	6.72%	-6.26%	16.60%
EBITDA Growth	0.00%	-2.13%	8.17%	-21.09%	74.57%	-32.75%	-2.66%	16.49%	34.06%
EBIT Growth	0.00%	-2.25%	7.82%	-24.64%	84.04%	-37.72%	-5.39%	21.23%	40.31%
NOPAT Growth	0.00%	53.55%	-23.16%	-16.46%	38.74%	-14.57%	-35.09%	55.95%	21.11%
Net Income Growth	0.00%	58.13%	-26.26%	-35.36%	107.25%	-43.98%	1.62%	24.02%	47.55%
EPS Growth	0.00%	59.28%	-26.99%	-36.97%	122.84%	-41.55%	10.43%	34.33%	56.87%
Operating Cash Flow Growth	0.00%	-20.42%	91.65%	-6.30%	11.59%	-28.61%	-4.46%	2.22%	80.65%
Free Cash Flow Firm Growth	0.00%	0.00%	10.65%	131.68%	62.47%	-29.41%	-32.07%	29.41%	72.22%
Invested Capital Growth	0.00%	0.00%	85.43%	0.39%	-1.94%	0.88%	0.20%	2.49%	-2.35%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-0.77%	3.80%	1.03%	-0.01%	0.43%	1.21%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-16.03%	4.22%	3.74%	0.46%	0.04%	14.78%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-19.19%	4.98%	3.72%	0.36%	0.25%	16.80%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-16.62%	19.03%	-7.01%	-8.31%	12.50%	4.95%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-23.15%	6.12%	3.01%	5.12%	-3.06%	21.07%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-24.65%	7.12%	4.98%	9.39%	-2.19%	22.14%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	17.07%	5.35%	-8.56%	9.28%	-19.64%	28.31%	22.66%
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%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.66%	-0.32%	-2.83%	0.57%	-2.76%	-4.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	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%
Operating Margin	24.14%	22.18%	21.12%	16.63%	21.15%	17.30%	10.61%	17.25%	17.66%
EBIT Margin	22.82%	21.80%	20.95%	14.61%	25.63%	14.75%	13.08%	16.91%	20.35%
Profit (Net Income) Margin	14.20%	21.94%	14.43%	8.63%	17.05%	8.82%	8.40%	11.12%	14.07%
Tax Burden Percent	62.87%	102.67%	73.88%	72.54%	75.43%	72.79%	72.18%	73.86%	74.91%
Interest Burden Percent	98.98%	98.06%	93.21%	81.42%	88.18%	82.19%	89.03%	89.00%	92.28%
Effective Tax Rate	37.13%	-2.67%	26.12%	27.46%	24.57%	27.21%	27.82%	26.14%	25.09%
Return on Invested Capital (ROIC)	0.00%	62.75%	16.89%	10.84%	15.16%	13.02%	8.41%	12.94%	15.66%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	69.49%	-9.40%	-1.54%	20.44%	-12.83%	12.90%	5.14%	22.27%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-17.60%	-0.48%	-0.51%	5.03%	-2.28%	2.87%	1.38%	3.93%
Return on Equity (ROE)	0.00%	45.15%	16.42%	10.33%	20.19%	10.75%	11.28%	14.31%	19.59%
Cash Return on Invested Capital (CROIC)	0.00%	-137.25%	-42.96%	10.45%	17.12%	12.15%	8.21%	10.48%	18.04%
Operating Return on Assets (OROA)	0.00%	16.87%	14.62%	8.72%	14.81%	9.14%	8.85%	10.79%	14.69%
Return on Assets (ROA)	0.00%	16.98%	10.07%	5.15%	9.85%	5.47%	5.69%	7.09%	10.15%
Return on Common Equity (ROCE)	0.00%	43.89%	16.03%	10.07%	19.65%	10.52%	11.02%	13.90%	18.97%
Return on Equity Simple (ROE_SIMPLE)	0.00%	23.22%	16.52%	10.52%	19.79%	10.87%	12.07%	14.50%	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
NOPAT Margin	15.18%	22.77%	15.60%	12.06%	15.95%	12.59%	7.66%	12.74%	13.23%
Net Nonoperating Expense Percent (NNEP)	0.00%	-6.74%	26.30%	12.38%	-5.29%	25.85%	-4.50%	7.80%	-6.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	11.55%
Cost of Revenue to Revenue	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%
R&D to Revenue	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%
Earnings before Interest and Taxes (EBIT)	2,264	2,213	2,386	1,798	3,309	2,061	1,950	2,364	3,317
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
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.13	1.51	1.85	1.53	1.63	1.50	2.11
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.81	4.38	4.55	3.75	4.52	3.88	4.71
Price to Revenue (P/Rev)	0.00	0.00	1.86	1.24	1.60	1.24	1.13	1.15	1.55
Price to Earnings (P/E)	0.00	0.00	13.27	15.31	9.59	14.40	13.62	10.69	11.13
Dividend Yield	1.39%	0.79%	1.20%	2.72%	1.29%	2.28%	1.50%	1.51%	0.96%
Earnings Yield	0.00%	0.00%	7.53%	6.53%	10.42%	6.94%	7.34%	9.36%	8.98%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.82	1.38	1.71	1.44	1.48	1.38	1.97
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.19	1.54	1.78	1.40	1.35	1.38	1.65
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	9.44	9.09	6.32	8.02	8.45	6.96	7.23
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	10.43	10.52	6.94	9.50	10.30	8.15	8.09
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	14.01	12.74	11.15	11.13	17.59	10.82	12.45
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	9.86	8.00	8.70	10.39	11.16	10.47	8.07
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	13.22	9.87	11.93	18.02	13.35	10.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.67	0.76	0.70	0.62	0.68	0.65	0.53
Long-Term Debt to Equity	0.00	0.00	0.67	0.76	0.63	0.62	0.56	0.60	0.53
Financial Leverage	0.00	-0.25	0.05	0.33	0.25	0.18	0.22	0.27	0.18
Leverage Ratio	0.00	1.33	1.63	2.01	2.05	1.97	1.98	2.02	1.93
Compound Leverage Factor	0.00	1.30	1.52	1.63	1.81	1.62	1.76	1.80	1.78
Debt to Total Capital	0.00%	0.00%	39.95%	43.27%	41.12%	38.39%	40.35%	39.43%	34.83%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	3.87%	0.00%	6.99%	3.28%	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%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	0.00%	97.21%	58.87%	54.97%	57.52%	60.41%	58.08%	58.70%	63.10%
Debt to EBITDA	0.00	0.00	2.56	3.82	2.19	2.95	3.03	2.60	1.78
Net Debt to EBITDA	0.00	0.00	1.33	1.59	0.57	0.82	1.24	1.04	0.34
Long-Term Debt to EBITDA	0.00	0.00	2.56	3.82	1.98	2.95	2.51	2.38	1.78
Debt to NOPAT	0.00	0.00	3.80	5.35	3.86	4.10	6.31	4.04	3.06
Net Debt to NOPAT	0.00	0.00	1.98	2.22	1.00	1.14	2.57	1.62	0.58
Long-Term Debt to NOPAT	0.00	0.00	3.80	5.35	3.50	4.10	5.22	3.71	3.06
Altman Z-Score	0.00	0.00	2.77	2.00	2.53	2.40	2.22	2.32	3.13
Noncontrolling Interest Sharing Ratio	0.00%	2.79%	2.37%	2.54%	2.68%	2.12%	2.27%	2.86%	3.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	3.17	0.00	3.93	2.91	3.61	1.93	2.54	2.91
Quick Ratio	0.00	2.46	0.00	3.43	2.64	3.19	1.71	2.26	2.70
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
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%
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
Operating Cash Flow to Interest Expense	71.96	30.63	12.43	7.08	6.75	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
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.77	0.70	0.60	0.58	0.62	0.68	0.64	0.72
Accounts Receivable Turnover	0.00	5.54	5.99	6.38	6.59	6.72	6.93	6.16	6.74
Inventory Turnover	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
Accounts Payable Turnover	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
Days Inventory Outstanding (DIO)	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
Cash Conversion Cycle (CCC)	0.00	65.90	60.89	57.18	55.38	54.29	52.68	59.28	54.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	7,369	13,664	13,717	13,451	13,569	13,596	13,934	13,606
Invested Capital Turnover	0.00	2.76	1.08	0.90	0.95	1.03	1.10	1.02	1.18
Increase / (Decrease) in Invested Capital	0.00	7,369	6,295	53	-266	118	27	338	-328
Enterprise Value (EV)	0.00	0.00	24,886	18,913	22,953	19,583	20,087	19,262	26,841
Market Capitalization	0.00	0.00	21,169	15,290	20,625	17,353	16,869	16,042	25,197
Book Value per Share	$0.00	$15.44	$16.03	$16.72	$19.17	$20.37	$20.57	$22.96	$26.60
Tangible Book Value per Share	$0.00	$6.41	$7.10	$5.78	$7.81	$8.31	$7.40	$8.85	$11.91
Total Capital	0.00	9,869	16,898	18,362	19,337	18,769	17,868	18,253	18,957
Total Debt	0.00	0.00	6,751	7,946	7,951	7,206	7,210	7,197	6,602
Total Long-Term Debt	0.00	0.00	6,751	7,946	7,202	7,206	5,961	6,598	6,602
Net Debt	0.00	-2,500	3,517	3,301	2,065	2,006	2,938	2,878	1,251
Capital Expenditures (CapEx)	191	215	235	359	484	307	357	345	331
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	1,321	3,244	935	610	785	471	829	181
Debt-free Net Working Capital (DFNWC)	0.00	3,821	6,478	5,580	6,496	5,985	4,743	5,148	5,532
Net Working Capital (NWC)	0.00	3,821	6,478	5,580	5,747	5,985	3,494	4,549	5,532
Net Nonoperating Expense (NNE)	97	84	134	422	-142	526	-111	227	-136
Net Nonoperating Obligations (NNO)	0.00	-2,500	3,517	3,301	2,065	2,006	2,938	2,878	1,251
Total Depreciation and Amortization (D&A)	226	224	250	282	322	381	427	405	395
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%
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%
Net Working Capital to Revenue	0.00%	37.63%	56.88%	45.35%	44.52%	42.83%	23.43%	32.54%	33.94%
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
Adjusted Weighted Average Basic Shares Outstanding	0.00	621.30M	620.61M	604.76M	574.79M	549.12M	489.26M	460.23M	445.54M
Adjusted Diluted Earnings per Share	$2.21	$3.52	$2.57	$1.62	$0.00	$2.11	$2.33	$3.13	$4.91
Adjusted Weighted Average Diluted Shares Outstanding	0.00	621.30M	620.61M	604.76M	574.79M	549.12M	489.26M	460.23M	445.54M
Adjusted Basic & Diluted Earnings per Share	$2.21	$3.52	$2.57	$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
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
Normalized NOPAT Margin	16.22%	15.64%	15.77%	14.72%	16.16%	12.59%	7.66%	12.74%	13.23%
Pre Tax Income Margin	22.59%	21.37%	19.53%	11.90%	22.60%	12.12%	11.64%	15.05%	18.78%
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
NOPAT to Interest Expense	65.47	53.77	8.75	4.44	5.27	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
NOPAT Less CapEx to Interest Expense	57.17	48.77	7.59	3.37	4.03	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%
Augmented Payout Ratio	2.48%	1.84%	11.44%	88.04%	63.52%	106.00%	183.48%	82.43%	55.69%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.69%	18.21%	-0.03%	0.47%	-8.06%	-15.60%	1.98%	11.13%	19.93%	26.81%	6.31%
EBITDA Growth	510.10%	-80.28%	1.74%	-30.91%	-49.83%	880.70%	0.16%	78.77%	128.38%	-42.59%	74.22%
EBIT Growth	24,750.00%	-99.17%	1.32%	-34.06%	-59.36%	25,300.00%	1.12%	92.69%	192.57%	-46.27%	88.01%
NOPAT Growth	108.89%	-122.41%	-29.51%	-19.78%	-34.89%	576.48%	77.31%	20.40%	89.48%	-7.14%	24.01%
Net Income Growth	539.73%	-117.24%	19.81%	-32.30%	-64.17%	1,508.00%	-13.28%	100.48%	237.39%	-49.72%	124.69%
EPS Growth	486.67%	-120.00%	36.36%	-25.45%	-60.34%	1,500.00%	-9.33%	117.07%	252.17%	-46.43%	130.88%
Operating Cash Flow Growth	22.48%	-2.43%	-47.16%	-99.63%	-0.94%	-5.87%	82.35%	15,700.00%	32.46%	36.52%	68.30%
Free Cash Flow Firm Growth	201.94%	435.10%	-5.44%	-42.65%	-25.90%	-174.84%	-54.15%	-94.54%	-223.96%	347.76%	718.46%
Invested Capital Growth	-0.92%	-3.19%	0.20%	0.19%	-0.87%	6.00%	2.49%	4.71%	5.36%	-0.54%	-2.35%
Revenue Q/Q Growth	44.27%	-11.31%	-25.76%	5.77%	32.02%	-18.59%	-10.30%	15.27%	42.48%	-13.92%	-24.80%
EBITDA Q/Q Growth	-40.55%	-81.13%	464.04%	9.18%	-56.84%	267.76%	-42.40%	94.88%	-44.86%	-7.08%	74.49%
EBIT Q/Q Growth	-45.56%	-99.20%	13,300.00%	12.31%	-66.45%	400.49%	-46.65%	114.02%	-49.05%	-7.45%	86.29%
NOPAT Q/Q Growth	-56.59%	-138.21%	308.16%	132.34%	-64.77%	159.40%	-22.54%	57.78%	-44.55%	37.03%	4.95%
Net Income Q/Q Growth	-47.63%	-115.58%	838.00%	12.47%	-72.29%	512.17%	-54.55%	160.00%	-53.37%	-8.76%	103.11%
EPS Q/Q Growth	-47.27%	-117.24%	850.00%	9.33%	-71.95%	508.70%	-51.43%	161.76%	-54.49%	-7.41%	109.33%
Operating Cash Flow Q/Q Growth	-296.67%	395.29%	-68.56%	-99.80%	-53,700.00%	375.37%	-39.09%	-82.42%	-329.11%	656.63%	-24.91%
Free Cash Flow Firm Q/Q Growth	-52.90%	-27.63%	-32.30%	148.53%	-39.15%	-169.79%	141.48%	-70.40%	-1,481.08%	246.10%	45.66%
Invested Capital Q/Q Growth	7.03%	-10.01%	0.57%	3.43%	5.90%	-3.77%	-2.76%	5.68%	6.55%	-9.16%	-4.53%
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	13.12%	2.79%	21.21%	21.89%	7.16%	32.43%	20.83%	35.21%	13.63%	14.71%	34.13%
Operating Margin	9.21%	-4.16%	11.18%	24.26%	5.46%	22.45%	20.02%	26.01%	10.04%	16.13%	22.42%
EBIT Margin	10.79%	0.10%	17.68%	18.77%	4.77%	29.47%	17.53%	32.55%	11.64%	12.51%	31.00%
Profit (Net Income) Margin	6.97%	-1.22%	12.17%	12.94%	2.72%	20.42%	10.35%	23.34%	7.64%	8.10%	21.87%
Tax Burden Percent	73.46%	98.04%	73.07%	73.98%	87.79%	73.26%	70.95%	74.75%	75.34%	74.68%	74.97%
Interest Burden Percent	87.93%	-1,275.00%	94.22%	93.19%	64.85%	94.59%	83.21%	95.95%	87.14%	86.65%	94.11%
Effective Tax Rate	26.54%	0.00%	26.93%	26.03%	12.21%	26.74%	29.05%	25.25%	24.66%	25.32%	25.03%
Return on Invested Capital (ROIC)	6.40%	-3.16%	8.97%	19.07%	4.66%	16.44%	14.43%	19.37%	7.51%	13.57%	19.90%
ROIC Less NNEP Spread (ROIC-NNEP)	6.68%	-0.71%	13.88%	13.38%	2.31%	20.68%	10.33%	23.63%	7.60%	7.62%	27.96%
Return on Net Nonoperating Assets (RNNOA)	1.96%	-0.18%	3.09%	3.36%	0.77%	6.26%	2.77%	6.93%	2.79%	1.94%	4.93%
Return on Equity (ROE)	8.36%	-3.35%	12.06%	22.43%	5.43%	22.70%	17.19%	26.30%	10.30%	15.51%	24.83%
Cash Return on Invested Capital (CROIC)	13.55%	12.30%	8.21%	6.90%	6.71%	5.54%	10.48%	8.59%	8.49%	14.93%	18.04%
Operating Return on Assets (OROA)	6.70%	0.07%	11.97%	12.72%	3.02%	18.60%	11.18%	21.12%	7.70%	8.94%	22.38%
Return on Assets (ROA)	4.33%	-0.82%	8.24%	8.77%	1.72%	12.89%	6.60%	15.15%	5.06%	5.79%	15.79%
Return on Common Equity (ROCE)	8.20%	-3.28%	11.78%	21.88%	5.29%	22.02%	16.70%	25.59%	10.01%	15.03%	24.05%
Return on Equity Simple (ROE_SIMPLE)	13.20%	11.70%	0.00%	10.16%	8.28%	15.19%	0.00%	17.48%	19.52%	16.43%	0.00%
Net Operating Profit after Tax (NOPAT)	311	-119	248	576	203	567	439	693	384	527	553
NOPAT Margin	6.76%	-2.91%	8.17%	17.95%	4.79%	16.45%	14.20%	19.44%	7.57%	12.05%	16.81%
Net Nonoperating Expense Percent (NNEP)	-0.28%	-2.45%	-4.91%	5.69%	2.35%	-4.24%	4.10%	-4.26%	-0.09%	5.96%	-8.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	1.08%	-	-	-	2.04%	2.79%	2.96%
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	88.56%	79.70%	75.89%	73.03%	91.83%	74.27%	75.13%	70.71%	84.70%	80.44%	71.46%
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	90.79%	104.16%	88.82%	75.74%	94.54%	77.55%	79.98%	73.99%	89.96%	83.87%	77.58%
Earnings before Interest and Taxes (EBIT)	497	4.00	536	602	202	1,016	542	1,160	591	547	1,019
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	604	114	643	702	303	1,118	644	1,255	692	643	1,122
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.39	1.76	1.63	1.45	1.38	1.41	1.50	1.73	1.93	2.23	2.11
Price to Tangible Book Value (P/TBV)	3.26	5.07	4.52	4.00	3.88	3.75	3.88	4.15	4.50	5.28	4.71
Price to Revenue (P/Rev)	1.13	1.20	1.13	1.01	0.97	1.07	1.15	1.36	1.46	1.59	1.55
Price to Earnings (P/E)	10.68	15.30	13.62	14.44	16.85	9.54	10.69	10.14	10.15	13.76	11.13
Dividend Yield	1.65%	1.49%	1.50%	1.66%	1.75%	1.66%	1.51%	1.25%	1.09%	0.95%	0.96%
Earnings Yield	9.37%	6.54%	7.34%	6.93%	5.93%	10.49%	9.36%	9.86%	9.85%	7.27%	8.98%
Enterprise Value to Invested Capital (EV/IC)	1.30	1.57	1.48	1.33	1.26	1.30	1.38	1.56	1.68	1.99	1.97
Enterprise Value to Revenue (EV/Rev)	1.37	1.42	1.35	1.25	1.29	1.34	1.38	1.60	1.74	1.76	1.65
Enterprise Value to EBITDA (EV/EBITDA)	6.89	8.97	8.45	9.07	10.64	6.73	6.96	6.90	7.11	8.78	7.23
Enterprise Value to EBIT (EV/EBIT)	8.06	10.93	10.30	11.41	13.95	7.90	8.15	7.85	7.97	10.00	8.09
Enterprise Value to NOPAT (EV/NOPAT)	10.23	17.05	17.59	18.78	21.48	11.77	10.82	12.07	12.59	13.82	12.45
Enterprise Value to Operating Cash Flow (EV/OCF)	8.56	9.48	11.16	12.22	12.28	12.99	10.47	11.48	12.15	10.48	8.07
Enterprise Value to Free Cash Flow (EV/FCFF)	9.54	12.56	18.02	19.30	18.67	24.13	13.35	18.54	20.33	13.31	10.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.69	0.68	0.68	0.80	0.66	0.65	0.62	0.61	0.61	0.53
Long-Term Debt to Equity	0.61	0.57	0.56	0.56	0.68	0.66	0.60	0.57	0.56	0.56	0.53
Financial Leverage	0.29	0.26	0.22	0.25	0.33	0.30	0.27	0.29	0.37	0.25	0.18
Leverage Ratio	1.97	2.03	1.98	1.96	2.05	2.06	2.02	1.99	2.05	1.98	1.93
Compound Leverage Factor	1.73	-25.92	1.87	1.83	1.33	1.95	1.68	1.90	1.79	1.71	1.82
Debt to Total Capital	37.78%	40.82%	40.35%	40.31%	44.42%	39.71%	39.43%	38.34%	37.87%	37.77%	34.83%
Short-Term Debt to Total Capital	0.00%	7.07%	6.99%	6.99%	6.57%	0.00%	3.28%	3.20%	3.16%	3.15%	0.00%
Long-Term Debt to Total Capital	37.78%	33.74%	33.36%	33.32%	37.84%	39.71%	36.15%	35.14%	34.72%	34.62%	34.83%
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	1.39%	1.53%	1.57%	1.65%	1.66%	2.05%	1.87%	1.61%	1.66%	1.78%	2.07%
Common Equity to Total Capital	60.83%	57.66%	58.08%	58.04%	53.92%	58.24%	58.70%	60.05%	60.47%	60.45%	63.10%
Debt to EBITDA	2.55	3.05	3.03	3.50	4.79	2.60	2.60	2.17	1.94	2.23	1.78
Net Debt to EBITDA	1.11	1.30	1.24	1.64	2.45	1.23	1.04	0.95	1.05	0.74	0.34
Long-Term Debt to EBITDA	2.55	2.52	2.51	2.89	4.08	2.60	2.38	1.99	1.78	2.04	1.78
Debt to NOPAT	3.78	5.79	6.31	7.24	9.68	4.55	4.04	3.79	3.44	3.50	3.06
Net Debt to NOPAT	1.65	2.46	2.57	3.40	4.95	2.15	1.62	1.66	1.85	1.16	0.58
Long-Term Debt to NOPAT	3.78	4.79	5.22	5.99	8.24	4.55	3.71	3.47	3.15	3.21	3.06
Altman Z-Score	2.04	1.87	2.00	1.97	1.76	2.08	2.05	2.36	2.43	2.61	2.80
Noncontrolling Interest Sharing Ratio	1.94%	2.12%	2.27%	2.46%	2.59%	3.00%	2.86%	2.68%	2.82%	3.12%	3.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.37	1.75	1.93	2.02	2.29	3.24	2.54	2.59	2.50	2.45	2.91
Quick Ratio	2.78	1.56	1.71	1.74	1.92	2.83	2.26	2.24	2.07	2.26	2.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	450	326	221	549	334	-244	101	30	-414	605	881
Operating Cash Flow to CapEx	-672.15%	1,866.67%	410.83%	1.41%	-678.48%	1,778.31%	802.68%	246.88%	-489.19%	2,722.97%	1,271.43%
Free Cash Flow to Firm to Interest Expense	7.51	5.93	0.00	0.00	0.00	-4.44	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-8.85	28.51	0.00	0.00	0.00	26.84	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-10.17	26.98	0.00	0.00	0.00	25.33	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.67	0.68	0.68	0.63	0.63	0.64	0.65	0.66	0.71	0.72
Accounts Receivable Turnover	4.80	5.87	6.93	6.37	4.85	5.33	6.16	5.61	4.68	5.62	6.74
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	8.58	8.98	8.80	8.88	8.68	8.32	8.21	8.51	9.07	9.67	9.59
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)	76.09	62.15	52.68	57.31	75.28	68.46	59.28	65.01	78.06	64.97	54.15
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)	76.09	62.15	52.68	57.31	75.28	68.46	59.28	65.01	78.06	64.97	54.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,022	13,519	13,596	14,062	14,891	14,330	13,934	14,725	15,689	14,252	13,606
Invested Capital Turnover	0.95	1.09	1.10	1.06	0.97	1.00	1.02	1.00	0.99	1.13	1.18
Increase / (Decrease) in Invested Capital	-139	-445	27	27	-131	811	338	663	798	-78	-328
Enterprise Value (EV)	19,506	21,230	20,087	18,707	18,742	18,625	19,262	22,930	26,382	28,390	26,841
Market Capitalization	16,091	17,896	16,869	15,029	14,103	14,849	16,042	19,481	22,188	25,664	25,197
Book Value per Share	$21.39	$19.05	$20.57	$21.22	$21.23	$22.22	$22.96	$24.50	$25.17	$25.42	$26.60
Tangible Book Value per Share	$9.10	$6.61	$7.40	$7.67	$7.52	$8.34	$8.85	$10.21	$10.80	$10.71	$11.91
Total Capital	19,080	17,665	17,868	17,891	19,013	18,121	18,253	18,777	19,011	19,067	18,957
Total Debt	7,208	7,210	7,210	7,212	8,445	7,196	7,197	7,199	7,200	7,201	6,602
Total Long-Term Debt	7,208	5,961	5,961	5,962	7,195	7,196	6,598	6,599	6,600	6,601	6,602
Net Debt	3,150	3,064	2,938	3,383	4,323	3,405	2,878	3,147	3,878	2,386	1,251
Capital Expenditures (CapEx)	79	84	120	71	79	83	112	64	74	74	119
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,970	424	471	1,071	1,922	1,170	829	1,336	2,218	967	181
Debt-free Net Working Capital (DFNWC)	6,028	4,570	4,743	4,900	6,044	4,961	5,148	5,388	5,540	5,782	5,532
Net Working Capital (NWC)	6,028	3,321	3,494	3,650	4,794	4,961	4,549	4,788	4,940	5,182	5,532
Net Nonoperating Expense (NNE)	-9.55	-69	-121	161	88	-137	119	-139	-3.77	173	-166
Net Nonoperating Obligations (NNO)	3,150	3,064	2,938	3,383	4,323	3,405	2,878	3,147	3,878	2,386	1,251
Total Depreciation and Amortization (D&A)	107	110	107	100	101	102	102	95	101	96	103
Debt-free, Cash-free Net Working Capital to Revenue	13.79%	2.84%	3.16%	7.17%	13.20%	8.41%	5.93%	9.32%	14.61%	6.00%	1.11%
Debt-free Net Working Capital to Revenue	42.20%	30.64%	31.80%	32.82%	41.52%	35.64%	36.82%	37.58%	36.49%	35.90%	33.94%
Net Working Capital to Revenue	42.20%	22.27%	23.43%	24.45%	32.93%	35.64%	32.54%	33.40%	32.54%	32.18%	33.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.58	($0.10)	$0.76	$0.83	$0.23	$1.41	$0.67	$1.79	$0.82	$0.76	$1.60
Adjusted Weighted Average Basic Shares Outstanding	541M	521M	489.26M	492M	481M	474M	460.23M	461M	457M	453M	445.54M
Adjusted Diluted Earnings per Share	$0.58	($0.10)	$0.75	$0.82	$0.23	$1.40	$0.68	$1.78	$0.81	$0.75	$1.57
Adjusted Weighted Average Diluted Shares Outstanding	543M	521M	489.26M	494M	482M	475M	460.23M	464M	462M	461M	445.54M
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	534.56M	504.64M	489.26M	482.81M	474.88M	466.73M	460.23M	456.74M	453.43M	449.62M	445.54M
Normalized Net Operating Profit after Tax (NOPAT)	311	-119	248	576	203	567	439	693	384	527	553
Normalized NOPAT Margin	6.76%	-2.91%	8.17%	17.95%	4.79%	16.45%	14.20%	19.44%	7.57%	12.05%	16.81%
Pre Tax Income Margin	9.49%	-1.25%	16.66%	17.49%	3.09%	27.88%	14.59%	31.23%	10.14%	10.84%	29.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.28	0.07	0.00	0.00	0.00	18.47	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	5.19	-2.16	0.00	0.00	0.00	10.31	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	6.97	-1.45	0.00	0.00	0.00	16.96	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	3.87	-3.69	0.00	0.00	0.00	8.80	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.37%	25.42%	23.86%	27.20%	33.69%	17.47%	18.08%	14.05%	12.17%	14.57%	12.08%
Augmented Payout Ratio	85.84%	193.37%	183.48%	216.78%	269.26%	79.85%	82.43%	64.79%	56.73%	67.37%	55.69%

Financials Breakdown Chart

Key Financial Trends

Fox Corp (NASDAQ: FOXA) has demonstrated solid financial performance and operational efficiency over the recent four-year period, based on the analysis of its quarterly income statements, cash flow statements, and balance sheets.

Key positive trends:

Consistent net income growth in recent quarters, with Q4 2025 net income at $719 million, up from $369 million in Q4 2023 and $308 million in Q4 2022, indicating improving profitability.
Strong operating revenues showing resilience; for example, Q3 2025 operating revenue was $4.37 billion, up from $3.44 billion in Q3 2024 and $3.04 billion in Q3 2023, suggesting steady revenue growth.
Positive free cash flow generation, with net cash from operating activities of $1.51 billion in Q4 2025, reflecting healthy cash generation to fund operations and investments.
Consistent investments in property, plant & equipment, maintaining asset quality and supporting operational needs (e.g., $119 million in Q4 2025 capital expenditures), indicative of reinvestment into the business.
Shareholder returns continue through regular repurchases of common equity ($250 million repurchase each quarter recently), demonstrating management commitment to returning capital and potentially supporting stock price.
Maintaining positive retained earnings and common equity growth, with total common equity rising from approximately $10.38 billion in Q4 2023 to $11.53 billion by Q3 2025.

Neutral observations:

Stable depreciation and amortization expenses, hovering near $90-$100 million per quarter, consistent with steady asset base life cycles.
Interest expense and investment income have had minor fluctuations but remain moderately manageable relative to operating income.
Total liabilities have fluctuated between $10 billion to $11.5 billion range recently, suggesting relatively stable debt levels but warrant close monitoring.

Potential concerns:

Selling, General & Administrative (SG&A) expenses have increased significantly, from approximately $2.3 billion in Q4 2024 to $2.35 billion in Q4 2025, and were as high as $4.3 billion in Q2 2025, which could pressure margins if not matched by revenue growth.
Negative other income/expense swings in certain quarters (e.g., a net loss of $158 million in other income in Q3 2025 and $99 million operating expenses in Q4 2025), adding volatility to operating results.
Debt repayment activities have fluctuated, with a substantial repayment of $587 million in Q4 2025 after smaller repayments or increases in prior quarters, which may impact liquidity.
Net cash from operating activities was negative in certain quarters such as Q2 2025 (-$362 million), signaling temporary operational cash challenges.

Summary: Fox Corp has shown improving profitability and strong cash generation in recent quarters, supported by steady revenue growth and prudent capital reinvestment. The company continues to return capital to shareholders via buybacks and dividends. However, elevated SG&A expenses and volatile other income/expenses pose risks to sustained margin improvement. Additionally, fluctuations in operating cash flow and debt levels warrant monitoring. Overall, the financial data suggest Fox is on a positive trajectory operationally but should manage expenses and debt carefully to maintain momentum.

10/14/25 03:54 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About FOX's Financials

When does FOX's financial year end?

According to the most recent income statement we have on file, FOX's fiscal year ends in June. Their fiscal year 2025 ended on June 30, 2025.

How has FOX's net income changed over the last 8 years?

Below is a breakdown of FOX's net income over the past 5 years:

2021: $2.20 billion
2022: $1.23 billion
2023: $1.25 billion
2024: $1.55 billion
2025: $2.29 billion

Check out FOX's forecast to explore projected trends and price targets.

What is FOX's operating income?

FOX's total operating income in 2025 was $2.88 billion, based on the following breakdown:

Total Gross Profit: $16.30 billion
Total Operating Expenses: $13.42 billion

How has FOX's revenue changed over the last 8 years?

Over the last 8 years, FOX's total revenue changed from $9.92 billion in 2017 to $16.30 billion in 2025, a change of 64.3%.

How much debt does FOX have?

FOX's total liabilities were at $10.84 billion at the end of 2025, a 0.7% decrease from 2024, and a 233.3% increase since 2018.

How much cash does FOX have?

In the past 7 years, FOX's cash and equivalents has ranged from $2.50 billion in 2018 to $5.89 billion in 2021, and is currently $5.35 billion as of their latest financial filing in 2025.

How has FOX's book value per share changed over the last 8 years?

Over the last 8 years, FOX's book value per share changed from 0.00 in 2017 to 26.60 in 2025, a change of 2,660.5%.

Related Companies

This page (NASDAQ:FOXA) was last updated on 10/14/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

FOX (FOXA) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About FOX's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

FOX (FOXA) 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

Frequently Asked Questions About FOX's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools