News Corp B (NWS)
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 | 1,180,000 | 487,000 | 414,000 | 355,000 | 266,000 | 208,000 | 228,000 | 139,000 | 149,000 | 267,000 | 299,000 | 467,000 | 623,000 | 499,000 | 496,000 | 492,000 | 330,000 | -53,000 | -862,000 | -1,008,000 |
| Total stockholders’ equity | US$ in thousands | 8,774,000 | 8,203,000 | 8,149,000 | 8,253,000 | 8,120,000 | 8,051,000 | 8,182,000 | 7,892,000 | 8,064,000 | 8,077,000 | 8,115,000 | 7,872,000 | 8,222,000 | 8,425,000 | 8,383,000 | 8,210,000 | 8,211,000 | 8,188,000 | 8,131,000 | 7,639,000 |
| 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% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,180,000K ÷ $8,774,000K
= 13.45%
An analysis of News Corp B’s return on equity (ROE) over the period from September 2020 to June 2025 reveals notable fluctuations and an overall trend toward recovery and growth.
Initially, the ROE was negative at -13.20% as of September 2020, indicating that the company was experiencing losses relative to shareholders’ equity during this period. This negative ROE persisted through December 2020, albeit to a lesser extent (-10.60%), suggesting ongoing challenges but some improvement in profitability or efficiency.
From March 2021, the ROE approached near-neutral levels with a marginal decline to -0.65%, marking a significant recovery phase where the company transitioned from losses toward breakeven. By June 2021, the ROE turned positive at 4.02%, and continued its upward trajectory in subsequent quarters, reaching 5.99% by September 2021 and stabilizing around similar levels through December 2021 (5.92%).
Throughout 2022, the ROE maintained positive values, peaking at 7.58% in June, then slightly retreating to 5.93% by September and further declining to 3.68% at year-end. The data indicates that while the company experienced some erosion in ROE during this period, it remained profitable from a shareholder perspective.
In 2023, the ROE showed a downward trend, declining from 3.31% in March to 1.85% in June and further to 1.76% in September. The subsequent quarters reflected a modest recovery, with ROE increasing to 2.79% by December 2023, but still indicating subdued profitability levels. The first half of 2024 depicted a gradual improvement, with ROE rising to approximately 4.3% in September, and reaching 5.94% by March 2025.
The most notable observation in recent years is the sharp increase in the ROE during the second quarter of 2025, escalating to 13.45%. This substantial rise suggests a significant enhancement in profitability or efficient utilization of equity, potentially driven by strategic initiatives, operational improvements, or market tailwinds.
Overall, the trajectory of News Corp B’s ROE reflects an initial period of losses during 2020 that gradually transitioned into positive territory, with periods of fluctuation and a recent marked improvement. The data indicates a company that has been recovering from earlier challenges and is approaching more robust profitability levels as of mid-2025.
Peer comparison
Jun 30, 2025