News Corp A (NWSA)
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%
The analysis of News Corp A's return on equity (ROE) over the specified period reveals a trajectory characterized by significant fluctuations and a general trend towards gradual improvement. Initially, the ROE was negative, recorded at -13.20% as of September 30, 2020, indicating an overall lack of profitability and possible challenges in generating returns on shareholder equity during that period. This negative figure persisted through December 31, 2020, at -10.60%, reflecting ongoing difficulties.
Between March 31, 2021, and September 30, 2021, there was a notable recovery, with the ROE approaching neutrality and becoming less negative. Specifically, by March 31, 2021, it was -0.65%, and it entered positive territory at 4.02% on June 30, 2021. This marked a turning point suggesting an improvement in profitability and potentially better operational efficiency or revenue generation.
Throughout 2021, the ROE remained positive and relatively stable, fluctuating slightly around a range of approximately 5.9%, maintaining a positive trend through December 31, 2021, at 5.92%. The subsequent quarters showed continued upward momentum, with the ROE increasing to 7.58% by June 30, 2022. However, a slight decline was observed later in 2022, with the figure dropping to 5.93% by September 30, 2022, and further decreasing to 3.68% at year-end.
In 2023, the ROE exhibited a declining trend initially, descending to 1.85% by June 30, then slightly reducing to 1.76% by September 30. Nevertheless, the year closed with a modest recovery, with the ROE rising again to 2.79% at December 31, 2023. The first quarter of 2024 saw a slight decrease to 2.58%, followed by steady increases in subsequent quarters—3.28% on June 30, and 4.30% on September 30.
Looking ahead, projections indicate a continued upward trajectory, with the ROE expected to reach 5.08% by December 2024, 5.94% by March 2025, and a significant increase to 13.45% by June 2025. This anticipated rise suggests an optimistic outlook regarding the company's capacity to generate higher profitability relative to shareholders’ equity.
Overall, the data depicts a pattern of initial losses with a subsequent phase of recovery and stabilization, culminating in a positive and improving return on equity. The historical trend indicates that the company is effectively leveraging its equity base to enhance profitability, with recent projections pointing towards stronger performance in the near future.
Peer comparison
Jun 30, 2025