News (NWSA) Financials

$26.25 -0.41 (-1.54%)

Closing price 05/14/2026 04:00 PM Eastern

Extended Trading

$26.18 -0.07 (-0.28%)

As of 04:05 AM Eastern

Annual Income Statements for News

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	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	-147	179	-738	-1,514	155	-1,269	330	623	149	266	1,180
Consolidated Net Income / (Loss)	-78	250	-643	-1,444	228	-1,545	389	760	187	354	1,340
Net Income / (Loss) Continuing Operations	367	235	-643	16,604	228	-1,545	389	760	228	379	648
Total Pre-Tax Income	552	181	-615	-1,089	354	-1,524	450	812	380	585	923
Total Operating Income	363	90	-494	9,272	397	-1,461	425	872	553	668	824
Total Gross Profit	8,038	8,292	8,139	18,048	10,074	9,008	9,358	10,385	8,012	8,252	8,452
Total Revenue	8,038	8,292	8,139	18,048	10,074	9,008	9,358	10,385	8,012	8,252	8,452
Operating Revenue	7,551	8,292	8,139	18,048	10,074	9,008	9,358	10,385	8,012	8,252	8,452
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	7,675	8,202	8,633	8,776	9,677	10,469	8,933	9,513	7,459	7,584	7,628
Selling, General & Admin Expense	7,579	7,450	7,257	7,953	8,830	7,995	8,085	8,716	6,923	7,011	7,037
Depreciation Expense	498	505	449	472	659	644	680	688	415	440	459
Restructuring Charge	84	89	927	351	188	1,830	168	109	121	133	132
Total Other Income / (Expense), net	189	91	-121	7,687	-43	-63	25	-60	-173	-83	99
Interest & Investment Income	114	73	-256	-1,013	-76	-72	-118	-112	-176	-24	-12
Other Income / (Expense), net	75	18	135	-9,348	33	9.00	143	52	3.00	-59	111
Income Tax Expense	185	-54	28	355	126	21	61	52	152	206	275
Net Income / (Loss) Discontinued Operations	-445	15	-	-	-	-	-	-	-41	-25	692
Net Income / (Loss) Attributable to Noncontrolling Interest	69	71	95	70	73	-276	59	137	38	88	160
Basic Earnings per Share	($0.26)	$0.30	($1.27)	($2.60)	$0.27	($2.16)	$0.56	$1.06	$0.26	$0.47	$2.08
Weighted Average Basic Shares Outstanding	581M	580.60M	581.40M	582.30M	574.10M	588.62M	590.84M	581.42M	571.42M	568.58M	564.97M
Diluted Earnings per Share	($0.26)	$0.30	($1.27)	($2.60)	$0.26	($2.16)	$0.56	$1.05	$0.26	$0.46	$2.07
Weighted Average Diluted Shares Outstanding	581M	580.60M	581.40M	582.30M	574.10M	588.62M	590.84M	581.42M	571.42M	568.58M	564.97M
Weighted Average Basic & Diluted Shares Outstanding	581M	580.60M	581.40M	582.30M	574.10M	588.62M	590.84M	581.42M	571.42M	568.58M	564.97M

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	30	156	30	50	119	215	103	743	112	193	89
Consolidated Net Income / (Loss)	58	183	42	71	144	283	137	776	150	242	121
Net Income / (Loss) Continuing Operations	58	194	64	71	149	306	107	91	150	242	121
Total Pre-Tax Income	95	291	96	110	210	430	151	138	212	367	189
Total Operating Income	155	278	110	136	191	349	163	110	204	373	203
Total Gross Profit	2,499	2,135	1,994	2,577	2,096	2,238	2,009	1,628	2,144	2,362	2,185
Total Revenue	2,499	2,135	1,994	2,577	2,096	2,238	2,009	1,628	2,144	2,362	2,185
Operating Revenue	2,499	-	1,994	2,577	2,096	2,238	2,009	-	2,144	2,362	2,185
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	2,344	1,857	1,884	2,441	1,905	1,889	1,846	1,518	1,940	1,989	1,982
Selling, General & Admin Expense	2,135	1,735	1,735	2,197	1,771	1,760	1,719	1,396	1,804	1,841	1,842
Depreciation Expense	171	110	114	192	112	113	114	43	117	118	122
Restructuring Charge	38	12	35	52	22	16	13	79	19	30	18
Total Other Income / (Expense), net	-60	13	-14	-26	19	81	-12	28	8.00	-6.00	-14
Interest & Investment Income	-25	-8.00	-5.00	-19	-3.00	-11	1.00	19	4.00	7.00	4.00
Other Income / (Expense), net	-35	21	-9.00	-7.00	22	92	-13	9.00	4.00	-13	-18
Income Tax Expense	37	97	32	39	61	124	44	47	62	125	68
Net Income / (Loss) Discontinued Operations	-	-11	-22	-	-5.00	-23	30	-	0.00	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	28	27	12	21	25	68	34	33	38	49	32
Basic Earnings per Share	$0.05	$0.27	$0.05	$0.10	$0.21	$0.38	$0.18	$1.31	$0.20	$0.34	$0.16
Weighted Average Basic Shares Outstanding	572.05M	571.12M	569.89M	568.58M	568.68M	567.40M	566.11M	564.97M	561.51M	555.38M	547.45M
Diluted Earnings per Share	$0.05	$0.27	$0.05	$0.09	$0.21	$0.38	$0.18	$1.30	$0.20	$0.34	$0.16
Weighted Average Diluted Shares Outstanding	572.05M	571.12M	569.89M	568.58M	568.68M	567.40M	566.11M	564.97M	561.51M	555.38M	547.45M
Weighted Average Basic & Diluted Shares Outstanding	572.05M	571.12M	569.89M	568.58M	568.68M	567.40M	566.11M	564.97M	561.51M	555.38M	547.45M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	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	-1,100	-83	-143	38	-359	-119	644	-318	16	133	418
Net Cash From Operating Activities	831	878	494	757	928	780	1,237	1,354	1,091	1,098	1,134
Net Cash From Continuing Operating Activities	988	952	499	757	928	773	1,237	1,354	777	897	978
Net Income / (Loss) Continuing Operations	367	235	-643	-1,444	228	-1,545	389	760	228	379	648
Consolidated Net Income / (Loss)	-78	250	-643	-1,444	228	-1,545	389	760	187	354	1,340
Net Income / (Loss) Discontinued Operations	-445	15	0.00	-	-	-	-	-	-41	-25	692
Depreciation Expense	498	505	449	472	659	644	680	688	415	440	459
Non-Cash Adjustments To Reconcile Net Income	80	4.00	1,084	1,291	145	1,897	208	153	212	122	101
Changes in Operating Assets and Liabilities, net	43	208	-391	438	-104	-223	-40	-247	-78	-44	-230
Net Cash From Discontinued Operating Activities	-157	-74	-5.00	-	-	-	-	-	314	201	156
Net Cash From Investing Activities	-1,741	-1,111	-420	-321	-677	-427	-1,292	-2,076	-574	-524	-153
Net Cash From Continuing Investing Activities	-1,671	-1,124	-420	-321	-677	-427	-1,292	-2,076	-423	-410	-406
Purchase of Property, Plant & Equipment	-308	-256	-256	-364	-572	-438	-390	-499	-347	-357	-407
Acquisitions	-1,190	-520	-347	-77	-188	-32	-886	-1,501	-17	-38	-96
Purchase of Investments	-370	-105	-98	-51	-38	-8.00	-39	-138	-124	-96	-154
Sale of Property, Plant & Equipment	182	41	271	138	103	36	24	6.00	37	0.00	0.00
Divestitures	0.00	1.00	-	-	-	-	-	26	50	81	274
Other Investing Activities, net	15	-285	10	33	18	4.00	-1.00	30	-22	0.00	-23
Net Cash From Discontinued Investing Activities	-70	13	0.00	-	-	-	-	-	-151	-114	253
Net Cash From Financing Activities	-190	150	-217	-398	-610	-472	699	404	-501	-441	-563
Net Cash From Continuing Financing Activities	-190	150	-217	-398	-610	-472	699	404	-525	-483	-524
Repayment of Debt	-130	-4.00	-65	-335	-1,130	-1,240	-653	-932	-108	-472	-250
Repurchase of Common Equity	-30	-41	-	-	-	0.00	0.00	-179	-243	-117	-150
Payment of Dividends	-30	-147	-152	-158	-161	-158	-163	-175	-174	-172	-185
Issuance of Debt	0.00	342	0.00	95	681	926	1,515	1,690	0.00	278	61
Net Cash From Discontinued Financing Activities	0.00	0.00	0.00	-	-	-	-	-	24	42	-39

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-279	161	240	10	-218	135	307	195	-200	-160	114
Net Cash From Operating Activities	-55	359	539	254	26	304	578	188	80	230	499
Net Cash From Continuing Operating Activities	-55	306	539	254	26	214	511	189	85	231	499
Net Income / (Loss) Continuing Operations	58	190	42	71	149	311	107	86	150	242	121
Consolidated Net Income / (Loss)	58	183	42	71	144	283	137	776	150	242	121
Depreciation Expense	171	40	192	192	112	36	114	120	117	118	122
Non-Cash Adjustments To Reconcile Net Income	47	16	27	41	21	20	20	33	24	27	22
Changes in Operating Assets and Liabilities, net	-331	60	278	-50	-256	-153	270	-50	-206	-156	234
Net Cash From Investing Activities	-159	-119	-126	-120	-116	37	-160	106	-101	-150	-128
Net Cash From Continuing Investing Activities	-159	-37	-126	-120	-116	80	-138	-212	-101	-150	-128
Purchase of Property, Plant & Equipment	-124	-30	-117	-143	-75	-62	-93	-157	-81	-99	-100
Acquisitions	-20	-	-	-18	-12	-1.00	-40	-43	-41	-56	1.00
Purchase of Investments	-31	-21	-9.00	-65	-51	-56	-34	-13	-17	-13	-23
Divestitures	16	14	-	-	22	212	29	11	38	24	3.00
Other Investing Activities, net	-	-	-	25	0.00	-	-	-10	-1.00	-6.00	-9.00
Net Cash From Financing Activities	-65	-79	-173	-124	-147	-206	-111	-99	-179	-240	-257
Net Cash From Continuing Financing Activities	-65	-110	-173	-124	-109	-195	-83	-99	-179	-240	-257
Repayment of Debt	-933	626	-207	-161	-92	-6.00	-11	-6.00	-40	-11	-145
Repurchase of Common Equity	-29	-27	-27	-34	-38	-40	-36	-36	-92	-172	-192
Payment of Dividends	-28	-57	-30	-57	-35	-57	-36	-57	-47	-57	-45
Issuance of Debt	925	-652	91	128	56	-92	-	-	0.00	-	125

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	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
Total Assets	15,035	15,483	14,552	16,346	15,711	14,261	16,771	17,221	16,921	16,684	15,504
Total Current Assets	4,014	3,889	3,815	4,394	4,050	3,461	4,456	4,093	4,053	4,372	4,811
Cash & Equivalents	1,951	1,832	2,016	2,034	1,643	1,517	2,236	1,822	1,833	1,872	2,403
Accounts Receivable	1,283	1,229	1,276	1,612	1,544	1,203	1,498	1,502	1,425	1,420	1,562
Inventories, net	-	-	208	376	348	348	253	311	311	266	327
Other Current Assets	780	513	315	372	515	393	469	458	484	474	519
Plant, Property, & Equipment, net	2,690	2,405	1,624	2,560	2,554	2,256	2,272	0.00	2,042	1,272	1,331
Total Noncurrent Assets	8,331	9,189	9,113	9,392	9,107	8,544	10,043	13,128	10,826	11,040	9,362
Long-Term Investments	2,379	2,270	2,027	393	335	297	351	488	427	429	1,016
Goodwill	3,063	3,714	3,838	5,218	5,147	3,951	4,653	5,169	5,140	4,336	4,373
Intangible Assets	2,203	2,207	2,281	2,671	2,426	1,864	2,179	2,671	2,489	1,948	1,930
Noncurrent Deferred & Refundable Income Taxes	219	602	525	279	269	332	378	422	393	332	254
Other Noncurrent Operating Assets	467	396	442	831	930	2,100	2,482	4,378	2,377	1,762	1,789
Total Liabilities & Shareholders' Equity	15,035	15,483	14,552	16,346	15,711	14,261	16,771	17,221	16,921	16,684	15,504
Total Liabilities	2,899	3,681	3,459	5,849	5,400	5,872	7,625	8,078	7,976	7,673	6,115
Total Current Liabilities	2,110	2,442	2,452	3,295	3,340	2,682	3,234	3,519	3,165	3,055	2,608
Short-Term Debt	-	-	103	462	449	76	28	293	27	9.00	25
Accounts Payable	238	217	222	605	411	351	321	411	440	254	335
Accrued Expenses	1,125	1,371	1,204	1,340	1,328	1,019	1,339	1,236	1,123	986	1,036
Current Deferred Revenue	346	388	426	516	428	398	473	604	622	483	498
Other Current Liabilities	401	466	497	372	724	838	1,073	975	953	772	714
Total Noncurrent Liabilities	789	1,239	1,007	2,554	2,060	3,190	4,391	4,559	4,811	4,618	3,507
Long-Term Debt	0.00	369	276	1,490	1,004	1,183	2,285	2,776	2,940	2,093	1,937
Noncurrent Deferred & Payable Income Tax Liabilities	166	171	61	389	295	258	260	198	163	21	57
Noncurrent Employee Benefit Liabilities	305	350	319	245	266	277	211	155	134	125	117
Other Noncurrent Operating Liabilities	318	349	351	430	495	1,472	1,635	1,430	1,574	1,384	1,396
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	12,116	11,782	11,073	10,477	10,311	8,389	9,146	9,143	8,945	9,011	9,389
Total Preferred & Common Equity	11,945	11,564	10,789	9,291	9,144	7,582	8,211	8,222	8,064	8,120	8,774
Total Common Equity	11,945	11,564	10,789	9,291	9,138	7,582	8,211	8,222	8,064	8,120	8,774
Common Stock	12,439	12,440	12,401	12,328	12,243	12,154	12,063	11,785	11,455	11,260	11,064
Retained Earnings	88	150	-648	-2,163	-1,979	-3,241	-2,911	-2,293	-2,144	-1,889	-747
Accumulated Other Comprehensive Income / (Loss)	-582	-1,026	-964	-874	-1,126	-1,331	-941	-1,270	-1,247	-1,251	-1,543
Noncontrolling Interest	171	218	284	1,186	1,167	807	935	921	881	891	615

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	16,921	16,475	16,681	16,544	16,684	16,927	16,161	16,580	15,343	15,510	15,516
Total Current Assets	4,053	3,969	4,003	4,128	4,372	4,506	6,452	6,841	4,473	4,573	4,579
Cash & Equivalents	1,833	1,529	1,724	1,943	1,872	1,778	1,751	2,095	2,198	2,051	2,171
Accounts Receivable	1,425	1,559	1,516	1,438	1,420	1,698	1,655	1,539	1,635	1,894	1,778
Inventories, net	311	378	297	331	266	378	296	317	327	306	303
Other Current Assets	484	503	466	416	474	652	554	526	313	322	327
Plant, Property, & Equipment, net	2,042	1,947	1,985	1,901	1,272	1,919	1,241	1,256	1,321	1,330	1,350
Total Noncurrent Assets	10,826	10,559	10,693	10,515	11,040	10,502	8,468	8,483	9,549	9,607	9,587
Long-Term Investments	427	391	424	416	429	458	365	354	1,028	1,003	1,000
Goodwill	5,140	5,104	5,214	5,131	4,336	5,258	4,265	4,285	4,420	4,500	4,485
Intangible Assets	2,489	2,417	2,423	2,359	1,948	2,324	1,893	1,881	1,897	1,891	1,877
Noncurrent Deferred & Refundable Income Taxes	393	360	305	305	332	323	241	240	233	192	186
Other Noncurrent Operating Assets	2,377	2,287	2,327	2,304	1,762	2,139	1,704	1,723	1,971	2,021	2,039
Total Liabilities & Shareholders' Equity	16,921	16,475	16,681	16,544	16,684	16,927	16,161	16,580	15,343	15,510	15,516
Total Liabilities	7,976	7,739	7,579	7,636	7,673	7,761	7,136	7,499	6,033	6,048	6,235
Total Current Liabilities	3,165	3,037	2,784	3,042	3,055	3,269	3,730	4,081	2,537	2,522	2,690
Short-Term Debt	27	61	58	56	9.00	194	19	22	25	25	0.00
Accounts Payable	440	324	243	269	254	374	365	371	368	425	384
Accrued Expenses	1,123	1,153	1,095	1,238	986	1,213	832	1,008	949	885	1,041
Current Deferred Revenue	622	624	510	549	483	559	431	501	504	474	556
Other Current Liabilities	953	875	878	930	772	929	759	748	691	713	709
Total Noncurrent Liabilities	4,811	4,702	4,795	4,594	4,618	4,492	3,406	3,418	3,496	3,526	3,545
Long-Term Debt	2,940	2,909	2,984	2,844	2,093	2,706	1,948	1,943	1,931	1,926	1,988
Noncurrent Deferred & Payable Income Tax Liabilities	163	147	129	124	21	112	14	17	53	53	54
Noncurrent Employee Benefit Liabilities	134	134	136	135	125	130	126	127	118	117	115
Other Noncurrent Operating Liabilities	1,574	1,512	1,546	1,491	1,384	1,544	1,318	1,331	1,394	1,430	1,388
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,945	8,736	9,102	8,908	9,011	9,166	9,025	9,081	9,310	9,462	9,281
Total Preferred & Common Equity	8,064	7,892	8,182	8,051	8,120	8,253	8,149	8,203	8,704	8,792	8,584
Total Common Equity	8,064	7,892	8,182	8,051	8,120	8,253	8,149	8,203	8,704	8,792	8,584
Common Stock	11,455	11,353	11,340	11,276	11,260	11,163	11,147	11,076	10,935	10,815	10,573
Retained Earnings	-2,144	-2,114	-1,958	-1,933	-1,889	-1,779	-1,574	-1,481	-664	-509	-452
Accumulated Other Comprehensive Income / (Loss)	-1,247	-1,347	-1,200	-1,292	-1,251	-1,131	-1,424	-1,392	-1,567	-1,514	-1,537
Noncontrolling Interest	881	844	920	857	891	913	876	878	606	670	697

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	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	-5.28%	3.16%	-1.85%	121.75%	-44.18%	-10.58%	3.89%	10.97%	-4.87%	2.09%	2.42%
EBITDA Growth	333.33%	-34.51%	-85.32%	340.00%	175.00%	-174.20%	254.46%	29.17%	-21.15%	7.87%	32.89%
EBIT Growth	230.36%	-75.34%	-432.41%	78.83%	665.79%	-437.67%	139.12%	62.68%	-39.72%	14.36%	53.53%
NOPAT Growth	8.76%	-51.58%	-395.93%	1,976.92%	-96.06%	-499.97%	135.92%	122.15%	-61.40%	37.26%	33.67%
Net Income Growth	-126.53%	420.51%	-357.20%	-124.57%	115.79%	-777.63%	125.18%	95.37%	-75.39%	89.30%	278.53%
EPS Growth	-163.41%	215.38%	-523.33%	-104.72%	110.00%	-930.77%	125.93%	87.50%	-75.24%	76.92%	350.00%
Operating Cash Flow Growth	-19.24%	5.66%	-43.74%	53.24%	22.59%	-15.95%	58.59%	9.46%	-19.35%	0.55%	3.28%
Free Cash Flow Firm Growth	-73.09%	68.27%	-112.32%	18,837.50%	-87.38%	89.00%	-172.16%	68.11%	364.24%	-1.88%	-81.24%
Invested Capital Growth	1.84%	-0.67%	-4.19%	34.90%	-2.35%	-19.95%	13.25%	11.61%	-2.52%	-1.26%	1.89%
Revenue Q/Q Growth	-5.49%	14.42%	-0.86%	101.97%	-47.87%	-5.69%	6.47%	1.78%	-2.38%	1.45%	-17.79%
EBITDA Q/Q Growth	-13.97%	33.55%	-87.31%	103.08%	30.11%	-76.03%	37.44%	3.27%	5.83%	4.10%	-17.07%
EBIT Q/Q Growth	-24.74%	417.65%	-259.56%	62.38%	155.95%	-31.05%	132.79%	5.00%	15.56%	6.70%	0.21%
NOPAT Q/Q Growth	-31.15%	157.19%	-541.07%	4,333.79%	102.85%	-29.29%	15,559.20%	31.88%	-48.93%	18.54%	-1.50%
Net Income Q/Q Growth	-124.84%	212.61%	-484.55%	4.56%	368.24%	-30.27%	12,866.67%	22.98%	-45.95%	41.04%	111.02%
EPS Q/Q Growth	-163.41%	160.00%	-225.64%	3.35%	189.66%	-36.71%	722.22%	23.53%	-43.48%	31.43%	140.70%
Operating Cash Flow Q/Q Growth	-21.01%	66.29%	-13.94%	2.30%	-2.62%	7.00%	-10.23%	12.18%	9.86%	-13.27%	-5.58%
Free Cash Flow Firm Q/Q Growth	128.15%	358.55%	-109.19%	582.92%	104.15%	-25.54%	-18,253.57%	82.09%	-5.80%	-23.19%	-81.81%
Invested Capital Q/Q Growth	-4.07%	-3.05%	-5.36%	40.64%	-2.23%	-1.71%	11.23%	1.15%	-1.57%	0.86%	3.50%
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	11.64%	7.39%	1.11%	2.19%	10.81%	-8.97%	13.34%	15.52%	12.87%	13.59%	16.49%
Operating Margin	4.52%	1.09%	-6.07%	51.37%	3.94%	-16.22%	4.54%	8.40%	5.63%	6.61%	9.75%
EBIT Margin	5.45%	1.30%	-4.41%	-0.42%	4.27%	-16.12%	6.07%	8.90%	5.64%	6.32%	11.06%
Profit (Net Income) Margin	-0.97%	3.02%	-7.90%	-8.00%	2.26%	-17.15%	4.16%	7.32%	1.89%	3.51%	15.85%
Tax Burden Percent	-14.13%	138.12%	104.55%	132.60%	64.41%	101.38%	86.44%	93.60%	56.67%	64.84%	145.18%
Interest Burden Percent	126.03%	167.59%	171.31%	1,432.89%	82.33%	104.96%	79.23%	87.88%	59.25%	85.71%	98.72%
Effective Tax Rate	33.51%	-29.83%	0.00%	0.00%	35.59%	0.00%	13.56%	6.40%	43.33%	35.16%	29.79%
Return on Invested Capital (ROIC)	3.12%	1.50%	-4.56%	74.38%	2.58%	-11.61%	4.40%	8.69%	3.22%	4.51%	7.36%
ROIC Less NNEP Spread (ROIC-NNEP)	9.45%	-1.68%	3.15%	457.78%	8.12%	85.11%	-0.82%	-14.46%	-14.25%	-8.29%	-49.40%
Return on Net Nonoperating Assets (RNNOA)	-3.73%	0.59%	-1.06%	-87.76%	-0.39%	-4.92%	0.04%	-0.38%	-1.15%	-0.57%	7.20%
Return on Equity (ROE)	-0.61%	2.09%	-5.62%	-13.38%	2.19%	-16.52%	4.44%	8.31%	2.07%	3.94%	14.57%
Cash Return on Invested Capital (CROIC)	1.30%	2.17%	-0.27%	44.67%	4.96%	10.55%	-8.03%	-2.28%	5.78%	5.78%	5.49%
Operating Return on Assets (OROA)	2.78%	0.71%	-2.39%	-0.49%	2.68%	-9.69%	3.66%	5.44%	3.26%	3.79%	5.81%
Return on Assets (ROA)	-0.49%	1.64%	-4.28%	-9.35%	1.42%	-10.31%	2.51%	4.47%	1.10%	2.11%	8.33%
Return on Common Equity (ROCE)	-0.60%	2.05%	-5.48%	-12.44%	1.94%	-14.77%	4.00%	7.47%	1.86%	3.55%	13.37%
Return on Equity Simple (ROE_SIMPLE)	-0.65%	2.16%	-5.96%	-15.54%	2.49%	-20.38%	4.74%	9.24%	2.32%	4.36%	0.00%
Net Operating Profit after Tax (NOPAT)	241	117	-346	6,490	256	-1,023	367	816	315	432	578
NOPAT Margin	3.00%	1.41%	-4.25%	35.96%	2.54%	-11.35%	3.93%	7.86%	3.19%	4.29%	6.84%
Net Nonoperating Expense Percent (NNEP)	-6.33%	3.18%	-7.71%	-383.40%	-5.54%	-96.72%	5.21%	23.16%	17.47%	12.80%	56.77%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	5.10%
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	94.29%	89.85%	89.16%	44.07%	87.65%	88.75%	86.40%	83.93%	85.63%	84.74%	83.26%
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	95.48%	98.91%	106.07%	48.63%	96.06%	116.22%	95.46%	91.60%	94.37%	93.39%	90.25%
Earnings before Interest and Taxes (EBIT)	438	108	-359	-76	430	-1,452	568	924	557	637	935
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	936	613	90	396	1,089	-808	1,248	1,612	1,271	1,371	1,394
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.62	0.53	0.70	0.93	0.85	0.89	1.71	1.09	1.37	1.94	1.92
Price to Tangible Book Value (P/TBV)	1.11	1.09	1.62	6.16	4.95	3.84	10.17	23.40	25.49	25.67	6.81
Price to Revenue (P/Rev)	0.92	0.74	0.93	0.48	0.77	0.75	1.50	0.86	1.12	1.56	1.99
Price to Earnings (P/E)	0.00	34.33	0.00	0.00	49.98	0.00	42.48	14.35	74.41	59.07	14.26
Dividend Yield	0.00%	1.89%	1.53%	1.35%	1.51%	1.74%	0.84%	1.31%	1.03%	0.73%	0.67%
Earnings Yield	0.00%	2.91%	0.00%	0.00%	2.00%	0.00%	2.35%	6.97%	1.34%	1.69%	7.01%
Enterprise Value to Invested Capital (EV/IC)	0.42	0.30	0.57	0.93	0.86	0.90	1.65	1.07	1.31	1.80	2.02
Enterprise Value to Revenue (EV/Rev)	0.41	0.28	0.52	0.52	0.83	0.78	1.57	1.02	1.28	1.70	1.89
Enterprise Value to EBITDA (EV/EBITDA)	3.50	3.81	46.98	23.64	7.70	0.00	11.76	6.59	9.97	12.49	11.47
Enterprise Value to EBIT (EV/EBIT)	7.49	21.62	0.00	0.00	19.51	0.00	25.84	11.49	22.76	26.88	17.09
Enterprise Value to NOPAT (EV/NOPAT)	13.59	19.98	0.00	1.44	32.81	0.00	39.96	13.01	40.23	39.59	27.63
Enterprise Value to Operating Cash Flow (EV/OCF)	3.95	2.66	8.56	12.37	9.04	9.02	11.87	7.84	11.61	15.59	14.09
Enterprise Value to Free Cash Flow (EV/FCFF)	32.68	13.83	0.00	2.40	17.06	7.57	0.00	0.00	22.43	30.88	37.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.03	0.03	0.19	0.14	0.15	0.25	0.34	0.33	0.32	0.21
Long-Term Debt to Equity	0.00	0.03	0.02	0.14	0.10	0.14	0.25	0.30	0.33	0.32	0.21
Financial Leverage	-0.39	-0.35	-0.34	-0.19	-0.05	-0.06	-0.05	0.03	0.08	0.07	-0.15
Leverage Ratio	1.23	1.27	1.31	1.43	1.54	1.60	1.77	1.86	1.89	1.87	1.75
Compound Leverage Factor	1.55	2.14	2.25	20.51	1.27	1.68	1.40	1.63	1.12	1.60	1.73
Debt to Total Capital	0.00%	3.03%	3.30%	15.68%	12.35%	13.05%	20.19%	25.13%	24.91%	24.40%	17.28%
Short-Term Debt to Total Capital	0.00%	0.00%	0.90%	3.71%	3.82%	0.79%	0.24%	2.40%	0.23%	0.45%	0.22%
Long-Term Debt to Total Capital	0.00%	3.03%	2.41%	11.97%	8.53%	12.26%	19.94%	22.73%	24.68%	23.95%	17.06%
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	1.57%	1.96%	2.65%	9.69%	9.92%	8.36%	8.16%	7.54%	7.40%	7.47%	5.42%
Common Equity to Total Capital	98.43%	95.01%	94.05%	74.63%	77.68%	78.59%	71.66%	67.33%	67.70%	68.12%	77.30%
Debt to EBITDA	0.00	0.60	4.21	4.93	1.33	-1.56	1.85	1.90	2.33	2.12	1.41
Net Debt to EBITDA	0.00	-6.60	-40.71	-1.20	-0.48	0.69	-0.22	0.47	0.56	0.38	-1.05
Long-Term Debt to EBITDA	0.00	0.60	3.07	3.76	0.92	-1.46	1.83	1.72	2.31	2.08	1.39
Debt to NOPAT	0.00	3.16	-1.10	0.30	5.68	-1.23	6.30	3.76	9.42	6.73	3.39
Net Debt to NOPAT	0.00	-34.64	10.60	-0.07	-2.05	0.54	-0.75	0.93	2.24	1.20	-2.52
Long-Term Debt to NOPAT	0.00	3.16	-0.80	0.23	3.93	-1.16	6.22	3.40	9.33	6.60	3.35
Altman Z-Score	2.33	1.69	1.84	1.87	1.47	0.74	1.62	1.30	1.41	1.90	2.50
Noncontrolling Interest Sharing Ratio	1.44%	1.79%	2.37%	6.99%	11.43%	10.59%	9.93%	10.15%	9.96%	9.87%	8.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.90	1.59	1.56	1.33	1.21	1.29	1.38	1.16	1.28	1.43	1.84
Quick Ratio	1.53	1.25	1.34	1.11	0.95	1.01	1.15	0.94	1.03	1.13	1.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	100	169	-21	3,897	492	929	-671	-214	565	554	431
Operating Cash Flow to CapEx	659.52%	408.37%	0.00%	334.96%	197.87%	194.03%	337.98%	274.65%	236.36%	221.37%	278.62%
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	0.51	0.54	0.54	1.17	0.63	0.60	0.60	0.61	0.58	0.60	0.53
Accounts Receivable Turnover	5.87	6.60	6.50	12.50	6.38	6.56	6.93	6.92	6.75	6.89	5.67
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	2.82	3.26	4.04	8.63	3.94	3.75	4.13	0.00	0.00	5.10	6.49
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)	62.14	55.29	56.17	29.20	57.17	55.65	52.68	52.72	54.07	52.99	64.39
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)	62.14	55.29	56.17	29.20	57.17	55.65	52.68	52.72	54.07	52.99	64.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,806	7,754	7,429	10,022	9,786	7,834	8,872	9,902	9,652	9,530	7,932
Invested Capital Turnover	1.04	1.07	1.07	2.07	1.02	1.02	1.12	1.11	1.01	1.05	1.08
Increase / (Decrease) in Invested Capital	141	-52	-325	2,593	-236	-1,952	1,038	1,030	-250	-122	147
Enterprise Value (EV)	3,279	2,335	4,228	9,361	8,390	7,032	14,679	10,619	12,675	17,122	15,983
Market Capitalization	7,418	6,145	7,588	8,630	7,748	6,780	14,018	8,939	11,087	15,712	16,825
Book Value per Share	$20.48	$19.94	$18.54	$15.94	$15.62	$12.88	$13.90	$14.04	$14.06	$14.25	$15.50
Tangible Book Value per Share	$11.45	$9.73	$8.03	$2.41	$2.67	$3.00	$2.33	$0.65	$0.76	$1.07	$4.36
Total Capital	12,136	12,171	11,472	12,449	11,764	9,648	11,459	12,212	11,912	11,920	11,351
Total Debt	0.00	369	379	1,952	1,453	1,259	2,313	3,069	2,967	2,909	1,962
Total Long-Term Debt	0.00	369	276	1,490	1,004	1,183	2,285	2,776	2,940	2,855	1,937
Net Debt	-4,330	-4,048	-3,664	-475	-525	-555	-274	759	707	519	-1,457
Capital Expenditures (CapEx)	126	215	-15	226	469	402	366	493	462	496	407
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-47	-700	-550	-473	-484	-662	-986	-955	-918	-589	-175
Debt-free Net Working Capital (DFNWC)	1,904	1,447	1,466	1,561	1,159	855	1,250	867	915	1,371	2,228
Net Working Capital (NWC)	1,904	1,447	1,363	1,099	710	779	1,222	574	888	1,317	2,203
Net Nonoperating Expense (NNE)	319	-133	297	7,934	28	522	-22	56	128	78	-762
Net Nonoperating Obligations (NNO)	-4,330	-4,048	-3,664	-475	-525	-555	-274	759	707	519	-1,457
Total Depreciation and Amortization (D&A)	498	505	449	472	659	644	680	688	714	734	459
Debt-free, Cash-free Net Working Capital to Revenue	-0.58%	-8.44%	-6.76%	-2.62%	-4.80%	-7.35%	-10.54%	-9.20%	-9.29%	-5.84%	-2.07%
Debt-free Net Working Capital to Revenue	23.69%	17.45%	18.01%	8.65%	11.50%	9.49%	13.36%	8.35%	9.26%	13.59%	26.36%
Net Working Capital to Revenue	23.69%	17.45%	16.75%	6.09%	7.05%	8.65%	13.06%	5.53%	8.99%	13.06%	26.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.26)	$0.30	($1.27)	($2.60)	$0.27	($2.16)	$0.56	$1.06	$0.26	$0.47	$2.08
Adjusted Weighted Average Basic Shares Outstanding	580.63M	580.17M	581.94M	583.02M	585.28M	588.62M	590.84M	581.42M	571.42M	568.58M	564.97M
Adjusted Diluted Earnings per Share	($0.26)	$0.30	($1.27)	($2.60)	$0.26	($2.16)	$0.56	$1.05	$0.26	$0.46	$2.07
Adjusted Weighted Average Diluted Shares Outstanding	580.63M	580.17M	581.94M	583.02M	585.28M	588.62M	590.84M	581.42M	571.42M	568.58M	564.97M
Adjusted Basic & Diluted Earnings per Share	($0.26)	$0.30	($1.27)	($2.60)	$0.27	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	580.63M	580.17M	581.94M	583.02M	585.28M	588.62M	590.84M	581.42M	571.42M	568.58M	564.97M
Normalized Net Operating Profit after Tax (NOPAT)	297	236	303	6,736	377	258	513	918	400	522	671
Normalized NOPAT Margin	3.70%	2.84%	3.72%	37.32%	3.74%	2.87%	5.48%	8.84%	4.05%	5.18%	7.94%
Pre Tax Income Margin	6.87%	2.18%	-7.56%	-6.03%	3.51%	-16.92%	4.81%	7.82%	3.34%	5.41%	10.92%
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	-38.46%	58.80%	-23.64%	-10.94%	70.61%	-10.23%	41.90%	23.03%	93.05%	48.59%	13.81%
Augmented Payout Ratio	-76.92%	75.20%	-23.64%	-10.94%	70.61%	-10.23%	41.90%	46.58%	222.99%	81.64%	25.00%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	555,378,060.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	555,378,060.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.16
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.85%	-15.31%	-0.98%	5.92%	3.12%	4.82%	0.75%	0.25%	2.29%	5.54%	8.76%
EBITDA Growth	-6.43%	-11.72%	-10.36%	20.22%	42.27%	40.71%	22.79%	17.16%	0.00%	-13.72%	16.29%
EBIT Growth	-9.09%	42.38%	-32.54%	44.94%	87.50%	47.49%	48.51%	33.71%	-2.35%	-18.37%	23.33%
NOPAT Growth	-3.46%	41.48%	-14.15%	60.77%	50.68%	34.01%	57.50%	-5.13%	6.51%	-0.97%	12.52%
Net Income Growth	-12.12%	94.68%	-28.81%	321.88%	148.28%	54.64%	226.19%	992.96%	4.17%	-14.49%	-11.68%
EPS Growth	-28.57%	125.00%	-44.44%	550.00%	320.00%	40.74%	260.00%	1,344.44%	-4.76%	-10.53%	-11.11%
Operating Cash Flow Growth	-77.42%	86.98%	5.89%	-39.81%	216.36%	-15.32%	7.24%	-26.27%	207.69%	-32.75%	-13.67%
Free Cash Flow Firm Growth	112.22%	135.75%	654.01%	-31.13%	-9.25%	435.54%	341.64%	-103.83%	2,013.59%	-104.87%	-116.00%
Invested Capital Growth	-0.14%	-2.28%	-3.64%	-1.26%	0.45%	-19.93%	-18.89%	1.89%	-18.21%	4.44%	5.66%
Revenue Q/Q Growth	2.71%	-14.57%	-6.30%	6.36%	0.00%	-13.15%	-10.23%	-18.96%	31.70%	10.17%	-7.49%
EBITDA Q/Q Growth	8.99%	16.49%	-42.53%	15.88%	28.97%	15.22%	-44.65%	-9.47%	35.98%	47.08%	-35.77%
EBIT Q/Q Growth	34.83%	149.17%	-71.95%	51.76%	74.42%	96.00%	-65.99%	-20.67%	74.79%	73.08%	-48.61%
NOPAT Q/Q Growth	73.32%	95.85%	-66.42%	40.80%	62.43%	74.18%	-53.49%	-37.20%	98.99%	70.40%	-47.16%
Net Income Q/Q Growth	281.25%	215.52%	-77.05%	69.05%	102.82%	96.53%	-51.59%	466.42%	-80.67%	61.33%	-50.00%
EPS Q/Q Growth	350.00%	440.00%	-81.48%	80.00%	133.33%	80.95%	-52.63%	622.22%	-84.62%	70.00%	-52.94%
Operating Cash Flow Q/Q Growth	-113.03%	752.73%	49.72%	-52.88%	-74.80%	375.00%	90.13%	-67.47%	-57.45%	187.50%	116.96%
Free Cash Flow Firm Q/Q Growth	-64.34%	285.09%	0.17%	-49.97%	-53.00%	2,172.44%	-15.17%	-103.92%	2,697.69%	-105.64%	-178.82%
Invested Capital Q/Q Growth	1.39%	2.15%	-5.47%	0.86%	3.15%	-18.58%	-4.25%	3.50%	1.36%	3.97%	-3.12%
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	11.64%	15.88%	11.43%	12.46%	16.07%	21.31%	13.14%	14.68%	15.16%	20.24%	14.05%
Operating Margin	6.20%	13.02%	3.92%	5.28%	7.84%	15.59%	8.11%	6.76%	9.51%	15.79%	9.29%
EBIT Margin	4.80%	14.00%	3.51%	5.01%	8.73%	19.71%	7.47%	7.31%	9.70%	15.24%	8.47%
Profit (Net Income) Margin	2.32%	8.57%	1.73%	2.76%	5.59%	12.65%	6.82%	47.67%	7.00%	10.25%	5.54%
Tax Burden Percent	61.05%	62.89%	65.63%	64.55%	70.59%	65.81%	90.73%	562.32%	70.75%	65.94%	64.02%
Interest Burden Percent	79.17%	97.32%	75.29%	85.27%	90.67%	97.51%	100.67%	115.97%	101.92%	101.94%	102.16%
Effective Tax Rate	38.95%	33.33%	34.38%	35.45%	29.41%	28.84%	29.14%	34.06%	29.25%	34.06%	35.98%
Return on Invested Capital (ROIC)	3.83%	8.17%	2.66%	3.58%	5.73%	12.66%	6.91%	4.79%	6.40%	10.98%	6.64%
ROIC Less NNEP Spread (ROIC-NNEP)	0.38%	7.94%	-0.33%	0.84%	5.90%	-41.90%	2.00%	-47.65%	4.54%	11.35%	7.33%
Return on Net Nonoperating Assets (RNNOA)	0.05%	0.90%	-0.03%	0.06%	0.56%	0.29%	-0.10%	6.95%	-0.15%	-1.30%	-1.04%
Return on Equity (ROE)	3.87%	9.07%	2.63%	3.64%	6.30%	12.95%	6.81%	11.74%	6.26%	9.67%	5.60%
Cash Return on Invested Capital (CROIC)	3.31%	6.04%	7.50%	5.78%	4.44%	28.20%	27.73%	5.49%	26.61%	2.80%	2.10%
Operating Return on Assets (OROA)	2.89%	7.94%	2.08%	3.00%	5.31%	12.32%	4.63%	3.84%	5.11%	8.30%	4.64%
Return on Assets (ROA)	1.40%	4.86%	1.03%	1.65%	3.40%	7.91%	4.23%	25.03%	3.69%	5.58%	3.04%
Return on Common Equity (ROCE)	3.50%	8.14%	2.37%	3.28%	5.68%	11.67%	6.15%	10.78%	5.74%	8.86%	5.12%
Return on Equity Simple (ROE_SIMPLE)	2.27%	3.28%	3.12%	0.00%	5.33%	6.63%	7.74%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	95	185	62	88	143	248	116	73	144	246	130
NOPAT Margin	3.79%	8.68%	2.57%	3.41%	5.53%	11.10%	5.75%	4.46%	6.73%	10.41%	5.95%
Net Nonoperating Expense Percent (NNEP)	3.45%	0.23%	2.99%	2.74%	-0.16%	54.55%	4.91%	52.44%	1.87%	-0.37%	-0.69%
Return On Investment Capital (ROIC_SIMPLE)	-	1.53%	-	-	-	2.26%	1.05%	0.64%	1.28%	2.16%	1.15%
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	85.43%	81.26%	86.71%	85.25%	83.90%	78.64%	85.57%	85.75%	84.14%	77.94%	84.30%
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	93.80%	86.98%	96.08%	94.72%	92.16%	84.41%	91.89%	93.24%	90.49%	84.21%	90.71%
Earnings before Interest and Taxes (EBIT)	120	299	85	129	225	441	150	119	208	360	185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	291	339	277	321	414	477	264	239	325	478	307
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.44	1.70	1.86	1.94	1.83	1.92	1.88	1.92	1.99	1.67	1.61
Price to Tangible Book Value (P/TBV)	30.66	25.57	26.65	25.67	22.57	7.87	7.58	6.81	7.27	6.11	6.23
Price to Revenue (P/Rev)	1.15	1.47	1.50	1.56	1.49	1.53	1.50	1.99	2.04	1.70	1.57
Price to Earnings (P/E)	81.84	61.13	71.88	59.07	42.65	37.83	31.71	14.26	14.79	12.74	12.18
Dividend Yield	1.00%	0.82%	0.76%	0.73%	0.75%	0.73%	0.73%	0.67%	0.65%	0.77%	0.80%
Earnings Yield	1.22%	1.64%	1.39%	1.69%	2.34%	2.64%	3.15%	7.01%	6.76%	7.85%	8.21%
Enterprise Value to Invested Capital (EV/IC)	1.36	1.58	1.73	1.80	1.70	2.05	2.07	2.02	2.08	1.70	1.65
Enterprise Value to Revenue (EV/Rev)	1.34	1.66	1.64	1.70	1.65	1.60	1.54	1.89	1.96	1.65	1.52
Enterprise Value to EBITDA (EV/EBITDA)	10.61	13.06	12.41	12.49	11.19	10.04	9.42	11.47	11.97	10.80	9.82
Enterprise Value to EBIT (EV/EBIT)	24.35	24.85	27.39	26.88	22.53	18.54	16.98	17.09	17.94	16.77	15.11
Enterprise Value to NOPAT (EV/NOPAT)	42.82	41.69	44.82	39.59	34.86	30.03	26.97	27.63	28.41	24.36	22.28
Enterprise Value to Operating Cash Flow (EV/OCF)	12.43	12.75	12.91	15.59	13.74	14.10	13.19	14.09	14.05	13.23	13.40
Enterprise Value to Free Cash Flow (EV/FCFF)	40.97	25.79	22.65	30.88	38.38	6.46	6.68	37.04	7.02	62.07	80.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.33	0.33	0.32	0.32	0.22	0.22	0.21	0.21	0.21	0.21
Long-Term Debt to Equity	0.33	0.33	0.32	0.32	0.30	0.22	0.21	0.21	0.21	0.20	0.21
Financial Leverage	0.12	0.11	0.08	0.07	0.10	-0.01	-0.05	-0.15	-0.03	-0.11	-0.14
Leverage Ratio	1.88	1.85	1.88	1.87	1.87	1.81	1.84	1.75	1.75	1.71	1.75
Compound Leverage Factor	1.49	1.80	1.41	1.60	1.69	1.77	1.85	2.03	1.78	1.75	1.79
Debt to Total Capital	25.37%	25.05%	24.56%	24.40%	24.03%	17.89%	17.79%	17.28%	17.36%	17.09%	17.64%
Short-Term Debt to Total Capital	0.52%	0.48%	0.47%	0.45%	1.61%	0.17%	0.20%	0.22%	0.22%	0.22%	0.00%
Long-Term Debt to Total Capital	24.85%	24.57%	24.09%	23.95%	22.43%	17.72%	17.59%	17.06%	17.14%	16.88%	17.64%
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	7.21%	7.58%	7.26%	7.47%	7.57%	7.97%	7.95%	5.42%	5.38%	5.87%	6.19%
Common Equity to Total Capital	67.42%	67.37%	68.18%	68.12%	68.40%	74.14%	74.26%	77.30%	77.26%	77.04%	76.17%
Debt to EBITDA	2.37	2.52	2.20	2.12	1.94	1.21	1.17	1.41	1.40	1.48	1.46
Net Debt to EBITDA	0.84	0.74	0.41	0.38	0.44	-0.09	-0.29	-1.05	-0.91	-0.84	-0.87
Long-Term Debt to EBITDA	2.33	2.47	2.16	2.08	1.81	1.19	1.16	1.39	1.39	1.46	1.46
Debt to NOPAT	9.58	8.05	7.95	6.73	6.05	3.60	3.35	3.39	3.33	3.34	3.32
Net Debt to NOPAT	3.39	2.37	1.48	1.20	1.38	-0.27	-0.82	-2.52	-2.16	-1.89	-1.97
Long-Term Debt to NOPAT	9.39	7.90	7.80	6.60	5.64	3.57	3.31	3.35	3.29	3.30	3.32
Altman Z-Score	1.40	1.66	1.71	1.79	1.76	2.11	1.96	2.32	2.42	2.20	2.04
Noncontrolling Interest Sharing Ratio	9.73%	10.25%	9.86%	9.87%	9.81%	9.91%	9.64%	8.18%	8.22%	8.36%	8.58%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.44	1.36	1.43	1.38	1.73	1.68	1.84	1.76	1.81	1.70
Quick Ratio	1.02	1.16	1.11	1.13	1.06	0.91	0.89	1.52	1.51	1.56	1.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	109	418	419	210	99	2,240	1,901	-74	1,934	-109	-304
Operating Cash Flow to CapEx	-44.35%	1,196.67%	460.68%	177.62%	67.37%	490.32%	621.51%	119.75%	100.00%	232.32%	499.00%
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	0.60	0.57	0.59	0.60	0.61	0.63	0.62	0.53	0.53	0.54	0.55
Accounts Receivable Turnover	6.53	6.04	6.68	6.89	6.24	6.47	6.91	5.67	5.10	4.86	5.31
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	5.05	4.72	5.07	5.10	5.26	6.36	6.51	6.49	5.25	6.71	6.75
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)	55.89	60.46	54.67	52.99	58.49	56.37	52.85	64.39	71.56	75.10	68.79
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)	55.89	60.46	54.67	52.99	58.49	56.37	52.85	64.39	71.56	75.10	68.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,786	9,996	9,449	9,530	9,830	8,004	7,664	7,932	8,040	8,359	8,098
Invested Capital Turnover	1.01	0.94	1.03	1.05	1.04	1.14	1.20	1.08	0.95	1.05	1.12
Increase / (Decrease) in Invested Capital	-14	-233	-357	-122	44	-1,992	-1,785	147	-1,790	355	434
Enterprise Value (EV)	13,270	15,752	16,350	17,122	16,718	16,388	15,839	15,983	16,686	14,234	13,360
Market Capitalization	11,376	13,938	14,952	15,712	15,141	15,661	15,445	16,825	17,350	14,667	13,846
Book Value per Share	$13.81	$14.30	$14.10	$14.25	$14.52	$14.33	$14.46	$15.50	$15.41	$15.66	$15.46
Tangible Book Value per Share	$0.65	$0.95	$0.98	$1.07	$1.18	$3.50	$3.59	$4.36	$4.23	$4.28	$4.00
Total Capital	11,706	12,144	11,808	11,920	12,066	10,992	11,046	11,351	11,266	11,413	11,269
Total Debt	2,970	3,042	2,900	2,909	2,900	1,967	1,965	1,962	1,956	1,951	1,988
Total Long-Term Debt	2,909	2,984	2,844	2,855	2,706	1,948	1,943	1,937	1,931	1,926	1,988
Net Debt	1,050	894	541	519	664	-149	-484	-1,457	-1,270	-1,103	-1,183
Capital Expenditures (CapEx)	124	30	117	143	95	62	93	157	80	99	100
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-536	-447	-801	-589	-347	990	687	-175	-237	25	-282
Debt-free Net Working Capital (DFNWC)	993	1,277	1,142	1,371	1,431	2,741	2,782	2,228	1,961	2,076	1,889
Net Working Capital (NWC)	932	1,219	1,086	1,317	1,237	2,722	2,760	2,203	1,936	2,051	1,889
Net Nonoperating Expense (NNE)	37	2.33	20	17	-1.41	-35	-21	-703	-5.66	3.96	8.96
Net Nonoperating Obligations (NNO)	1,050	894	541	519	664	-1,021	-1,417	-1,457	-1,270	-1,103	-1,183
Total Depreciation and Amortization (D&A)	171	40	192	192	189	36	114	120	117	118	122
Debt-free, Cash-free Net Working Capital to Revenue	-5.41%	-4.70%	-8.06%	-5.84%	-3.41%	9.64%	6.68%	-2.07%	-2.79%	0.29%	-3.20%
Debt-free Net Working Capital to Revenue	10.03%	13.42%	11.49%	13.59%	14.08%	26.70%	27.06%	26.36%	23.07%	24.07%	21.47%
Net Working Capital to Revenue	9.41%	12.81%	10.92%	13.06%	12.17%	26.51%	26.85%	26.06%	22.78%	23.78%	21.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.27	$0.05	$0.10	$0.21	$0.38	$0.18	$1.31	$0.20	$0.34	$0.16
Adjusted Weighted Average Basic Shares Outstanding	572.05M	571.12M	569.89M	568.58M	568.68M	567.40M	566.11M	564.97M	561.51M	555.38M	547.45M
Adjusted Diluted Earnings per Share	$0.05	$0.27	$0.05	$0.09	$0.21	$0.38	$0.18	$1.30	$0.20	$0.34	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	572.05M	571.12M	569.89M	568.58M	568.68M	567.40M	566.11M	564.97M	561.51M	555.38M	547.45M
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	572.05M	571.12M	569.89M	568.58M	568.68M	567.40M	566.11M	564.97M	561.51M	555.38M	547.45M
Normalized Net Operating Profit after Tax (NOPAT)	118	193	85	121	160	260	125	125	158	266	141
Normalized NOPAT Margin	4.72%	9.06%	3.52%	4.71%	6.19%	11.61%	6.21%	7.66%	7.36%	11.25%	6.48%
Pre Tax Income Margin	3.80%	13.63%	2.64%	4.27%	7.92%	19.21%	7.52%	8.48%	9.89%	15.54%	8.65%
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	95.53%	63.43%	68.92%	48.59%	40.68%	33.15%	29.13%	13.81%	14.64%	15.10%	15.98%
Augmented Payout Ratio	176.54%	108.58%	120.72%	81.64%	69.32%	58.89%	52.44%	25.00%	29.79%	40.84%	54.15%

Financials Breakdown Chart

Key Financial Trends

Here are 10 key takeaways for retail investors from News Corp (NWSA) quarterly statements over the last four years. Items are organized with positive points first, then neutral, then negative, to highlight potential catalysts and concerns.

Strong quarterly profitability in Q2 2026: Consolidated Net Income / (Loss) and Net Income from continuing operations were $242,000,000, with Basic and Diluted EPS of $0.34 on 555,378,060 shares, signaling solid profitability in the latest quarter.
Operating cash flow has rebounded and remained robust: Net Cash From Continuing Operating Activities reached $511,000,000 in Q3 2025 and stayed strong into late 2025/early 2026 (Q2 2026 CFO = $231,000,000; Q1 2026 CFO = $85,000,000), signaling improving core cash generation.
Positive free cash flow in the latest quarter: In Q2 2026, free cash flow was about $132,000,000 (CFO of $231M minus capex of $99M), reflecting cash generation after investment activity.
Healthy liquidity position: Cash & Equivalents around $2.05B as of Q2 2026, supporting near-term obligations and flexibility for capital allocation.
Active capital returns to shareholders: News Corp continued dividends (about $57M in Q2 2026) and meaningful share repurchases (about $172M in Q2 2026), indicating a continued shareholder-friendly capital plan.
Solid balance sheet context: Large asset base (Total Assets around $15.5B–$16B in recent quarters) with Total Equity around $9B and Total Liabilities around $6B–$7B, suggesting a conservative balance sheet with substantial equity backing.
Discontinued operations can skew quarterly results: Periods such as Q4 2025 show sizable discontinued operation contributions, which can distort quarterly profitability vs. ongoing operations.
Financing cash outflows persist: Net Cash From Financing Activities has been consistently negative in recent quarters (e.g., Q2 2026 at -$179M; Q1 2026 around -$110M), reflecting ongoing debt repayments, buybacks, and dividends.
Investing cash outflows remain material: Net Cash From Continuing Investing Activities is negative in several quarters (e.g., Q2 2026 around -$150M; Q4 2025 around -$212M) due to capex, acquisitions, and other investing activity.
Cash balance fluctuations despite overall liquidity: Net change in cash and equivalents has been volatile, with occasional quarter-to-quarter declines, underscoring sensitivity to investing and financing decisions.

05/15/26 06:41 AM ETAI Generated. May Contain Errors.

News Financials - Frequently Asked Questions

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

News' net income appears to be on a downward trend, with a most recent value of $1.34 billion in 2025, falling from -$78 million in 2015. The previous period was $354 million in 2024. Check out News' forecast to explore projected trends and price targets.

News' total operating income in 2025 was $824 million, based on the following breakdown:

Total Gross Profit: $8.45 billion
Total Operating Expenses: $7.63 billion

Over the last 10 years, News' total revenue changed from $8.04 billion in 2015 to $8.45 billion in 2025, a change of 5.2%.

News' total liabilities were at $6.12 billion at the end of 2025, a 20.3% decrease from 2024, and a 110.9% increase since 2015.

In the past 10 years, News' cash and equivalents has ranged from $1.52 billion in 2020 to $2.40 billion in 2025, and is currently $2.40 billion as of their latest financial filing in 2025.

Over the last 10 years, News' book value per share changed from 20.48 in 2015 to 15.50 in 2025, a change of -24.3%.

Related Companies

Financial statements for NASDAQ:NWSA last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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.

News (NWSA) Financials

Financials Breakdown Chart

Key Financial Trends

News Financials - Frequently Asked Questions

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

News (NWSA) Financials

Annual Income Statements for News

Quarterly Income Statements for News

Annual Cash Flow Statements for News

Quarterly Cash Flow Statements for News

Annual Balance Sheets for News

Quarterly Balance Sheets for News

Annual Metrics And Ratios for News

Quarterly Metrics And Ratios for News

Financials Breakdown Chart

Key Financial Trends

News Financials - Frequently Asked Questions

When does News' financial year end?

How has News' net income changed over the last 10 years?

What is News' operating income?

How has News' revenue changed over the last 10 years?

How much debt does News have?

How much cash does News have?

How has News' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools