Fox Corp Class B (FOX)
Profitability ratios
Return on sales
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | |
|---|---|---|---|---|---|
| Gross profit margin | 0.00% | 100.00% | 32.27% | 32.16% | 35.42% |
| Operating profit margin | 19.81% | 17.73% | 18.53% | 14.78% | 25.94% |
| Pretax margin | 18.78% | 15.05% | 11.64% | 12.12% | 22.60% |
| Net profit margin | 13.88% | 10.74% | 8.31% | 8.62% | 16.66% |
The profitability ratios of Fox Corp Class B from June 30, 2021, to June 30, 2025, reveal a complex performance trajectory. The gross profit margin exhibited a downward trend from 35.42% in 2021 to 32.16% in 2022, followed by a modest increase to 32.27% in 2023. However, in 2024, an anomalous jump to 100.00% is observed, which may indicate a significant accounting change, such as a sale of inventory or a change in revenue recognition policies, and a subsequent collapse to 0.00% in 2025 suggests a possible data inconsistency or reporting anomaly.
The operating profit margin declined markedly from 25.94% in 2021 to 14.78% in 2022, then partially recovered to 18.53% in 2023. Slight declines are seen in 2024 to 17.73%, with a modest upward movement to 19.81% in 2025. This indicates an initial contraction in operating profitability, followed by stabilization and slight improvement.
Pretax margins followed a similar pattern, declining from 22.60% in 2021 to 12.12% in 2022, then improving to 11.64% in 2023, and further increasing to 15.05% in 2024 and 18.78% in 2025. These changes suggest some enhancement in pre-tax profitability over the period, particularly in the latter two years.
Net profit margins saw a significant reduction from 16.66% in 2021 to 8.62% in 2022, maintaining a similar level at 8.31% in 2023. Subsequently, a recovery is evident, with margins rising to 10.74% in 2024 and further to 13.88% in 2025, indicating a gradual return to more profitable operations.
Overall, the data indicates a period of volatility in Fox Corp B’s profitability ratios, with some indicators improving in the later years. The substantial and sudden fluctuations in gross profit margin, particularly in 2024 and 2025, warrant further investigation to clarify underlying factors affecting gross profitability. Conversely, margins at the operating, pretax, and net levels generally point toward a trend of recovery and stabilization following earlier declines.
Return on investment
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 13.92% | 11.28% | 12.64% | 9.31% | 14.60% |
| Return on assets (ROA) | 9.76% | 6.83% | 5.67% | 5.43% | 9.38% |
| Return on total capital | 10.60% | 23.42% | 20.09% | 18.26% | 29.79% |
| Return on equity (ROE) | 18.92% | 14.01% | 11.94% | 10.63% | 19.33% |
The profitability ratios of Fox Corp Class B exhibit notable fluctuations over the reviewed period. The Operating Return on Assets (Operating ROA) was highest in June 2021 at 14.60%, followed by a decline to 9.31% in June 2022. Subsequently, there was a gradual recovery, reaching 12.64% in June 2023, with further slight decreases and increases, ending at 13.92% in June 2025. This suggests variability in the efficiency of core operational activities relative to total assets.
The Return on Assets (ROA) shows a declining trend from 9.38% in June 2021 to a low of 5.43% in June 2022. Post-2022, there has been an upward trajectory, with ROA increasing to 5.67% in 2023, 6.83%% in 2024, and reaching 9.76% in 2025. This indicates a rebound in overall asset efficiency, although the ratios remain below the 2021 peak.
The Return on Total Capital demonstrates a significant decrease from 29.79% in June 2021 to 18.26% in June 2022. After this decline, it shows signs of recovery, rising to 20.09% in 2023 and 23.42% in 2024. However, a notable dip occurs in June 2025 to 10.60%, which may reflect increased capital costs or changes in capital structure impacting overall profitability relative to the total capital employed.
The Return on Equity (ROE) reveals a downward trend from 19.33% in June 2021 to 10.63% in June 2022, indicating reduced profitability for shareholders during that period. From there, ROE demonstrates an improving trajectory, reaching 11.94% in 2023, 14.01% in 2024, and a notable increase to 18.92% in 2025. This suggests that the company is restoring shareholder value and improving net income relative to equity after the dip in 2022.
Overall, the data indicates a period of volatility in Fox Corp Class B’s profitability ratios, with initial declines followed by partial recoveries. The mixed trends across different ratios highlight fluctuations in operational efficiency, asset utilization, and capital returns, with signs of improving profitability towards the end of the period, particularly in the 2025 figures.