Fox Corp Class B (FOX)
Pretax margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,051,000 | 1,722,000 | 1,666,000 | 2,867,000 | 1,401,000 |
| Revenue | US$ in thousands | 13,995,000 | 14,913,000 | 13,974,000 | 12,909,000 | 12,303,000 |
| Pretax margin | 14.66% | 11.55% | 11.92% | 22.21% | 11.39% |
June 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $2,051,000K ÷ $13,995,000K
= 14.66%
Fox Corp Class B's pretax margin has shown some variability over the past five years. In 2024, the pretax margin increased to 14.66% from 11.55% in 2023, indicating improved profitability before accounting for taxes. However, the pretax margin in 2024 was still lower compared to the peak of 22.21% in 2021. The pretax margin in 2022 was relatively stable at 11.92%, while in 2020 it was at a similar level of 11.39%.
Overall, the fluctuation in Fox Corp Class B's pretax margin suggests some level of volatility in the company's ability to generate income before taxes relative to its revenue. It may be important for stakeholders to further analyze the factors influencing these fluctuations to assess the company's financial performance and profitability sustainability.
Peer comparison
Jun 30, 2024