Fox Corp Class B (FOX)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,263,000 | 1,865,000 | 2,185,000 | 1,921,000 | 1,501,000 | 1,557,000 | 837,000 | 1,041,000 | 1,239,000 | 1,170,000 | 1,507,000 | 1,109,000 | 1,205,000 | 1,152,000 | 1,436,000 | 1,745,000 | 2,150,000 | 2,019,000 | 1,530,000 | 1,606,000 |
| Total stockholders’ equity | US$ in thousands | 11,962,000 | 11,526,000 | 11,495,000 | 11,276,000 | 10,714,000 | 10,554,000 | 10,252,000 | 10,384,000 | 10,378,000 | 10,185,000 | 11,607,000 | 11,521,000 | 11,339,000 | 11,200,000 | 11,275,000 | 11,430,000 | 11,123,000 | 11,081,000 | 10,917,000 | 10,791,000 |
| ROE | 18.92% | 16.18% | 19.01% | 17.04% | 14.01% | 14.75% | 8.16% | 10.03% | 11.94% | 11.49% | 12.98% | 9.63% | 10.63% | 10.29% | 12.74% | 15.27% | 19.33% | 18.22% | 14.01% | 14.88% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,263,000K ÷ $11,962,000K
= 18.92%
The analysis of Fox Corp Class B's return on equity (ROE) over the specified period indicates notable fluctuations with a general upward trend observed from the beginning of the period through mid-2024, followed by variability thereafter. Initially, the ROE stood at approximately 14.88% as of September 30, 2020, experiencing a slight decline to around 14.01% by the end of 2020. During the subsequent quarters, there was a marked increase, with the ROE reaching a peak of 19.33% on June 30, 2021, indicating improved profitability relative to shareholders’ equity.
However, after this peak, the ROE demonstrated a downward trajectory, declining sharply to approximately 10.29% by March 31, 2022, and continuing to hover around 9.63% on September 30, 2022. This decline reflects potential challenges in generating returns on equity, possibly due to increased expenses, reduced margins, or other operational factors affecting profitability. The ROE showed some recovery in late 2022 and early 2023, reaching about 12.98% on December 31, 2022, and approximately 11.49% on March 31, 2023, before stabilizing around 11.94% on June 30, 2023, and decreasing slightly to 10.03% on September 30, 2023.
Significant variability is evident in the later periods, with a dip to 8.16% by December 31, 2023, followed by a notable resurgence to approximately 14.75% on March 31, 2024, and further upward movement reaching 17.04% on September 30, 2024. The upward trend continues into early 2025, with the ROE approximating 16.18% on March 31, 2025, and reaching almost 19% on June 30, 2025.
Overall, the ROE for Fox Corp Class B reflects periods of both improvement and setback. The fluctuations suggest varying performance factors, possibly associated with changes in revenue, margins, cost management, or strategic initiatives impacting profitability relative to shareholders’ equity. The recent upward trend in 2024 and early 2025 indicates improved efficiency in generating returns for shareholders compared to the earlier periods of decline.
Peer comparison
Jun 30, 2025