Fox Corp Class B (FOX)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,850,000 | 2,962,000 | 3,454,000 | 3,072,000 | 2,509,000 | 2,554,000 | 1,529,000 | 1,805,000 | 2,085,000 | 2,032,000 | 2,478,000 | 1,954,000 | 2,071,000 | 1,988,000 | 2,383,000 | 2,784,000 | 3,313,000 | 3,157,000 | 2,515,000 | 2,621,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 23.83% | 25.70% | 30.05% | 27.24% | 23.42% | 24.20% | 14.91% | 17.38% | 20.09% | 19.95% | 21.35% | 16.96% | 18.26% | 17.75% | 21.14% | 24.36% | 29.79% | 28.49% | 23.04% | 24.29% |
June 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,850,000K ÷ ($—K + $11,962,000K)
= 23.83%
The return on total capital (ROTC) for Fox Corp Class B exhibits variability over the analyzed periods, reflecting underlying operational and financial dynamics. Starting from 24.29% as of September 30, 2020, the ROTC experienced a decline towards 21.14% by the end of 2021, indicating potential pressures on profitability or increased capital employed during that timeframe. Notably, during 2022, the ROTC continued its downward trend, reaching a low of approximately 16.96% in September 2022, which suggests a period of reduced efficiency or external challenges affecting overall returns.
However, the data from late 2022 onwards demonstrate a resurgence in the ROTC, with values climbing back into the low 20s—21.35% in December 2022, 19.95% in March 2023, and slightly higher at 20.09% in June 2023. This upward movement indicates a recovery phase, potentially driven by improved operational performance, strategic adjustments, or favorable market conditions.
In the most recent periods, the ROTC shows positive momentum, reaching 17.38% in September 2023, before a significant increase to 24.20% in March 2024 and further to 27.24% in September 2024. The data suggest a peak at 30.05% in December 2024, followed by a slight decline to 25.70% in March 2025 and 23.83% in June 2025, yet remaining at comparatively strong levels relative to earlier years.
Overall, the trend indicates periods of volatility, with notable recoveries after dips, reflecting the company's fluctuating capacity to generate returns from its total capital base. The recent upward trends imply potential improvements in operational efficiency or capital utilization, while earlier declines may have been influenced by external market conditions, strategic shifts, or industry-specific factors impacting profitability.
Peer comparison
Jun 30, 2025