Fox Corp Class B (FOX)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,229,000 | 3,064,000 | 3,093,000 | 2,662,000 | 2,478,000 | 2,435,000 | 2,369,000 | 2,544,000 | 2,764,000 | 2,669,000 | 2,427,000 | 2,216,000 | 2,207,000 | 2,302,000 | 2,636,000 | 2,652,000 | 2,765,000 | 2,780,000 | 2,823,000 | 2,793,000 |
| Total assets | US$ in thousands | 23,195,000 | 23,367,000 | 23,022,000 | 22,538,000 | 21,972,000 | 21,717,000 | 22,846,000 | 21,649,000 | 21,866,000 | 22,396,000 | 23,126,000 | 22,424,000 | 22,185,000 | 22,016,000 | 22,878,000 | 23,161,000 | 22,926,000 | 22,907,000 | 22,754,000 | 22,497,000 |
| Operating ROA | 13.92% | 13.11% | 13.43% | 11.81% | 11.28% | 11.21% | 10.37% | 11.75% | 12.64% | 11.92% | 10.49% | 9.88% | 9.95% | 10.46% | 11.52% | 11.45% | 12.06% | 12.14% | 12.41% | 12.41% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,229,000K ÷ $23,195,000K
= 13.92%
The analysis of Fox Corp Class B's operating return on assets (ROA) over the observed period reveals a generally decreasing trend from September 2020 through the first half of 2022, followed by a gradual recovery and subsequent growth trajectory into 2024 and beyond. Specifically, the operating ROA was approximately 12.41% in September and December 2020, maintaining stability at that level for the remainder of 2020. A slight decline commenced in early 2021, with figures dropping to around 12.14% in March 2021 and 12.06% in June 2021, before continuing to decrease to approximately 11.45% in September 2021. In late 2021, the ROA stabilized marginally around 11.52% in December before declining further to approximately 10.46% in March 2022 and reaching a low of 9.88% in September 2022.
From late 2022 onwards, the operating ROA shows signs of recovery, rising to around 10.49% in December 2022 and increasing to approximately 11.92% by March 2023. The upward trend persists into mid-2023, with the ROA reaching 12.64% in June 2023 and maintaining a level of 11.75% in September 2023. Subsequently, a slight decline occurs towards the end of 2023, with the figure decreasing to 10.37% in December 2023, but then rebounding to approximately 11.21% in March 2024, and improving further to 11.81% by September 2024. The most recent data indicates continued growth, with projected values reaching around 13.43% in December 2024, 13.11% in March 2025, and approximately 13.92% in June 2025.
Overall, the trend indicates a period of initial decline in operating profitability relative to assets from 2020 through early 2022, followed by a consistent recovery and upward momentum through 2023 and into 2025. This pattern suggests improved efficiency and operational performance in utilizing assets to generate operating income in the latter part of the observed timeframe.
Peer comparison
Jun 30, 2025