Fox Corp Class A (FOXA)
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 analysis of Fox Corp Class A profitability ratios over the specified periods reveals several notable trends and fluctuations.
Gross Profit Margin:
The gross profit margin exhibited a decline from 35.42% in June 2021 to 32.16% in June 2022, indicating a slight erosion in the company's core profitability at the gross level. In June 2023, the margin slightly increased to 32.27%, suggesting a stabilization. However, a significant anomaly is observed in June 2024, where the gross profit margin is reported as 100.00%, which is highly unusual and likely indicative of a data anomaly or accounting irregularity. By June 2025, the gross profit margin drops sharply to 0.00%, further supporting the hypothesis of data inconsistencies or errors in the reported figures.
Operating Profit Margin:
The operating profit margin decreased from 25.94% in June 2021 to 14.78% in June 2022, reflecting reduced operational efficiency or increased operating expenses. In June 2023, there was a recovery to 18.53%, indicating some improvement in operational profitability. This margin remained relatively stable in June 2024 at 17.73%, and further rose to 19.81% in June 2025, which could suggest a return to better operational control or improved revenue performance.
Pre-tax Margin:
Pre-tax margin followed a similar downward trend from 22.60% in June 2021 to 12.12% in June 2022. It modestly increased to 11.64% in June 2023, then improved to 15.05% in June 2024, and further to 18.78% in June 2025, indicating enhancements in profitability before tax obligations, possibly due to improved EBIT or reduced non-operating expenses.
Net Profit Margin:
The net profit margin declined from 16.66% in June 2021 to 8.62% in June 2022, reflecting diminished bottom-line profitability. In June 2023, the net margin was slightly down at 8.31%. The margin improved in June 2024 to 10.74% and further to 13.88% in June 2025, which signals an overall recovery in net profitability, possibly driven by better tax management, reduction in interest expenses, or higher net income.
Overall, while there are signs of recovery in operating, pre-tax, and net profit margins from 2022 onwards, the gross profit margin figures for June 2024 and June 2025 appear inconsistent with typical profitability trends, notably the extraordinary 100% margin and subsequent 0% margin, indicating potential data inaccuracies or reporting errors. The profitability ratios suggest a company that experienced a decline in margins around 2022 but showed signs of recovery and improved profitability in subsequent years, excluding the anomalies in gross profit margin data.
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 A from June 30, 2021, to June 30, 2025, demonstrate notable fluctuations and trends that reflect the company’s operational efficiency and overall financial performance over the analyzed period.
Operating Return on Assets (Operating ROA) exhibited a decline from 14.60% in June 2021 to a low of 9.31% in June 2022, suggesting a temporary decrease in operational efficiency relative to the company's total assets during that period. Subsequently, it recovered to 12.64% in June 2023, indicating an improvement in core operations, and increased further to 13.92% by June 2025, illustrating a sustained enhancement in operational profitability.
Return on Assets (ROA) followed a similar downward trend from 9.38% in June 2021 to 5.43% in June 2022, underscoring a decline in overall asset utilization efficiency. However, the ratio recovered slightly to 5.67% in June 2023 and further increased to 9.76% by June 2025, reflecting improved ability to generate net income from the firm's assets in recent years.
Return on Total Capital experienced a decline from 29.79% in June 2021 to 18.26% in June 2022, indicating a reduction in the efficiency of capital employed. This ratio then increased to 20.09% in June 2023 and continued upward to 23.42% in June 2024, demonstrating improved utilization of total capital. However, a significant decrease to 10.60% was observed by June 2025, suggesting a potential decline in overall capital efficiency or increased capital costs that impacted profitability.
Return on Equity (ROE) showed a substantial decrease from 19.33% in June 2021 to 10.63% in June 2022, pointing to a decline in shareholders' returns over that period. The ratio then showed a modest recovery to 11.94% in June 2023 and continued upward to nearly 15% in June 2024. By June 2025, ROE rose notably to 18.92%, indicating an improvement in return generated for shareholders, though it remained below the levels observed in 2021.
Overall, the data suggests that Fox Corp Class A experienced a period of decreased profitability in the years immediately following 2021, with partial recoveries in subsequent years. The fluctuations in these ratios reflect changes in operational efficiency, capital utilization, and net income generation, which are critical for assessing the company's financial health and management effectiveness over the examined period.