News Corp B (NWS)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 0.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 84.57% | 70.34% | 55.57% | 56.63% | 57.31% | 58.32% | 58.84% | 43.81% | 43.52% | 42.59% | 41.10% | 43.02% | 41.62% | 40.39% |
| Operating profit margin | 7.67% | 10.16% | 9.84% | 9.15% | 8.86% | 8.73% | 8.27% | 7.39% | 7.19% | 6.71% | 7.12% | 8.75% | 9.45% | 8.65% | 8.18% | 7.53% | 6.34% | 6.76% | 6.32% | 4.71% |
| Pretax margin | 10.92% | 9.52% | 8.95% | 7.55% | 6.43% | 5.13% | 4.83% | 3.27% | 3.34% | 3.23% | 3.63% | 5.55% | 7.82% | 7.11% | 7.28% | 7.35% | 4.81% | 1.77% | -11.80% | -13.89% |
| Net profit margin | 13.96% | 5.18% | 4.41% | 3.82% | 2.89% | 2.30% | 2.40% | 1.40% | 1.51% | 2.64% | 2.94% | 4.51% | 6.00% | 4.89% | 4.94% | 5.05% | 3.53% | -0.60% | -9.89% | -11.47% |
The analysis of News Corp B’s profitability ratios over the specified periods reveals significant trends and fluctuations across various metrics:
Gross Profit Margin:
The gross profit margin demonstrates a notable upward trajectory, starting from approximately 40.39% as of September 30, 2020. It gradually increases, reaching around 43.81% by March 31, 2022. A substantial leap occurs during the latter periods, with the gross margin surging to over 58% in mid-2022 and maintaining a high range thereafter—58.32% at the end of 2022 and 56.63% as of the first quarter of 2023. The most pronounced change appears starting in December 2023, with the margin jumping to 84.57%, ultimately reaching 100% by March 31, 2024, and remaining at that level through subsequent periods. This rapid escalation suggests a substantial shift in cost structure or revenue recognition practices, possibly indicating the transition to a high-margin or asset-light business model, or the realization of significant non-operational gains.
Operating Profit Margin:
The operating profit margin exhibits moderate growth over time, commencing from a low of approximately 4.71% in September 2020. It steadily increases, reaching around 8.65% by March 2022. The margin stabilizes around 8-9% in subsequent periods, with slight fluctuations. Notably, from March 2024 onward, the operating margin surpasses 9%, culminating at 10.16% by June 2025. This steady improvement indicates enhanced operational efficiency or revenue contributions from higher-margin segments.
Pre-Tax Margin:
Initially negative, with a pre-tax margin of about -13.89% in September 2020, the ratio shows a trend toward profitability over time. By March 2021, the pre-tax margin turns positive at approximately 1.77%. It continues to improve, reaching around 7.11% in March 2022 and fluctuating slightly thereafter. The margin stabilizes above 7% after 2022, reaching approximately 9.52% by March 2025. The positive shift from negative to positive margins reflects better cost management and increased pre-tax profitability, despite some fluctuations likely caused by extraordinary items or tax considerations.
Net Profit Margin:
The net profit margin follows a pattern similar to the pre-tax margin, starting negative at approximately -11.47% in September 2020. It improves over time, turning positive around June 2021 and remaining modestly positive afterward. The margin peaks significantly in the most recent periods, reaching 13.96% in June 2025—the highest point in the data set. This substantial increase indicates a significant improvement in bottom-line profitability, possibly driven by higher operational margins, better cost control, or extraordinary gains. Prior to this peak, the net profit margin fluctuated but remained in positive territory, reflecting gradual enhancements in profitability efficiency.
Overall Summary:
The profitability ratios reveal a company on a trajectory of improving profitability over the period. The gross profit margin's dramatic increase, particularly from December 2023 onward, suggests a fundamental change in operations, perhaps involving asset restructuring, high-margin business activities, or accounting changes. The steady growth in operating, pre-tax, and net profit margins indicates progressive operational efficiencies and better cost management. The notable rise in net profit margin towards the end of the period suggests the company has achieved stronger bottom-line results, culminating in a period of significant profitability elevation by June 2025.
This detailed trend analysis highlights a transformative phase for News Corp B, characterized by substantial margin expansion and increased profitability levels.
Return on investment
| 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 return on assets (Operating ROA) | 4.18% | 5.76% | 5.72% | 5.02% | 4.89% | 4.78% | 4.72% | 4.44% | 4.20% | 3.99% | 4.29% | 5.53% | 5.70% | 5.07% | 4.98% | 4.47% | 3.54% | 3.86% | 3.65% | 2.88% |
| Return on assets (ROA) | 7.61% | 2.94% | 2.56% | 2.10% | 1.59% | 1.26% | 1.37% | 0.84% | 0.88% | 1.57% | 1.77% | 2.85% | 3.62% | 2.86% | 3.00% | 3.00% | 1.97% | -0.34% | -5.71% | -7.00% |
| Return on total capital | 12.00% | 11.69% | 11.39% | 10.46% | 9.35% | 7.90% | 7.41% | 5.31% | 4.95% | 4.64% | 5.02% | 8.08% | 10.53% | 9.10% | 8.82% | 8.06% | 5.36% | 7.54% | -6.78% | -9.40% |
| Return on equity (ROE) | 13.45% | 5.94% | 5.08% | 4.30% | 3.28% | 2.58% | 2.79% | 1.76% | 1.85% | 3.31% | 3.68% | 5.93% | 7.58% | 5.92% | 5.92% | 5.99% | 4.02% | -0.65% | -10.60% | -13.20% |
The profitability ratios of News Corp B over the period ending September 2025 reveal significant insights into the company's financial performance.
Operating Return on Assets (Operating ROA):
Initially, the Operating ROA showed a declining trend from a high of 4.47% on September 30, 2021, decreasing sharply to 4.29% by the end of 2022. This trend continued into the first half of 2023, with a low of approximately 3.99% on March 31, 2023, before gradually improving. From September 2023 onwards, the Operating ROA demonstrates a steady upward trajectory, reaching approximately 5.72% by the end of 2024 and further advancing to 5.76% on March 31, 2025. This indicates a strengthening in the company's operational efficiency relative to its assets.
Return on Assets (ROA):
The ROA data shows a negative performance during 2020 and early 2021, with values at -7.00% on September 30, 2020, and improving to near-zero by March 2021. From this low point, ROA has transitioned into positive territory, peaking at 3.00% in September 2021. Since then, there has been a gradual decline, reaching approximately 0.84% by September 2023. The subsequent periods reflect stabilization and slight increases, with ROA rising to 2.10% in September 2024 and climbing further to 2.94% in March 2025. The marked recovery from negative to positive levels indicates improved asset efficiency and profitability starting from early 2021.
Return on Total Capital:
After negative values of -9.40% in September 2020, the Return on Total Capital has demonstrated a consistent upward trend, reaching over 10% by June 2024, with values at 10.46%, 11.39%, and 12.00% at successive quarterly endpoints. It is noteworthy that a substantial increase occurs between March 2025 and June 2025, with the ratio advancing from approximately 11.69% to 12.00%, which reflects enhanced efficiency in generating returns relative to both debt and equity financing.
Return on Equity (ROE):
The ROE exhibits significant volatility across the period. It was deeply negative at -13.20% on September 30, 2020, reflecting substantial losses or high leverage at that time. The negative trend persisted into early 2021 but reversed as ROE crossed into positive territory, reaching 5.99% in September 2021. Thereafter, ROE generally declined, reaching a low around 1.76% on September 30, 2023. Recent data indicates a robust recovery, with ROE ascending sharply to approximately 13.45% in June 2025. This suggests that the company has substantially improved its profitability relative to shareholders' equity in the latter period.
In summary, News Corp B has experienced a notable transition from periods of negative profitability metrics in 2020 and early 2021 towards more stable and improving ratios in the subsequent years. The upward trend in Operating ROA, ROA, Return on Total Capital, and ROE in late 2023 through mid-2025 indicates enhanced operational efficiency, better asset utilization, and increased shareholder returns. These developments suggest a positive trajectory in the company's profitability profile over the analyzed period.