Fox Corp Class A (FOXA)
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 operating return on assets (ROA) for Fox Corp Class A exhibits notable fluctuations over the analyzed period from September 2020 through June 2025. The data indicates a stable operating ROA of approximately 12.41% at the end of 2020, maintaining this level in September 2020 and December 2020. A gradual decline is observed starting in early 2021, with the figure decreasing to 12.14% by the end of March 2021, continuing downward to approximately 11.45% by September 2021 and slightly fluctuating around 11.52% in December 2021.
The decline accelerates in 2022, with the operating ROA reaching a low of 9.88% in September 2022. This downward trend may suggest a period of increased expenses, reduced operating efficiencies, or shifts in revenue generating activities. Some recovery is observed subsequently, with the ROA rising to 10.49% by the end of 2022 and further increasing to approximately 11.92% in the first quarter of 2023, and then continuing to improve to 12.64% in June 2023.
From mid-2023 through 2024, the operating ROA demonstrates a positive upward trajectory, reaching a peak of 13.43% in December 2024. This upward trend signifies improved operational efficiency or better profit margins relative to total assets. The positive momentum persists into early 2025, with the ROA at approximately 13.11% in March 2025 and further increasing to 13.92% in June 2025.
Overall, the operating ROA for Fox Corp Class A shows initial stability, followed by a period of decline and a subsequent recovery, ultimately reaching higher levels by mid-2025 compared to the earlier years. This pattern may reflect strategic operational adjustments, market recovery, or changes in asset utilization efficiency over time.
Peer comparison
Jun 30, 2025