Fox Corporation

Television Broadcasting Stations

FOXSolid11 of 11 basics passed

$55.89

-1.90%

Market cap $23.6B

$55.89

-1.90%

Market cap $23.6B

Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations.

It is a $23.6B communication services company. Revenue grew 5.1% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~2.3 years of free cash flow. It trades at 14.8× earnings — around the middle of its own history.

Website: foxcorporation.com
Location: New York, NY
Employees: 10 550
Sector: Communication Services
Founded: 2019

Share price · 3 years

$28.92 → $55.89+93.3%

price only — dividends excluded

Key facts · FY2026

Revenue: total sales; $17.1B
Profit: keeps 10¢ of every $1 sold; $1.69B
Free cash flow: cash left after running the business; $1.47B
Net debt: debt minus cash on hand; $3.36B
P/E: years of profit in the price; 14.8
EPS: earnings per share, FY2026; $3.84
Dividend: pays out 17% of profit · 19% of FCF; 1.15%
Shares: down 23% since 2022 — buybacks; 438.8M
Volatility: beta vs the market — under 1 swings less; 0.64

Revenue, last 5 years

52-week range

Low $44.39$55.89High $67.76

Today's price is 49% of the way from the year's low to its high.

P/E vs its history5y

13.9×median 13.6×

Higher than 56% of past days — around the middle of its own history.

Valuation vs own history

P/E

13.9×

44%

P/S

1.4×

47%

EV/EBITDA

7.7×

78%

P/B

2.0×

24%

FCF yield

6.2%

22%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Standing in Communication Services

Size$23.6Btop 36%
Revenue growth+5%top 45%
Net margin10%top 27%
Return on equity15%top 36%
P/E14.8×top 29%
Dividend yield1.15%top 87%

Ranked against 23 Communication Services companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation, quality and moat.

Valuation82

P/E vs own history56th pct · 12/25
FCF yield6.2% · 20/25
P/S1.5x · 25/25
EV/EBITDA7.3x · 25/25

Growth69

Revenue CAGR5.2% · 12/25
Net income CAGR8.7% · 12/25
EPS CAGR ~5Y16.1% · 20/25
Fwd implied growth35.5% · 25/25

Profitability57

ROIC11.1% · 12/25
ROE14.7% · 12/25
Net margin9.8% · 13/25
Operating margin19.5% · 20/25

Health72

Altman Z3.24 · 25/25
Current ratio3.17 · 25/25
Interest coverage3.2x · 10/25
Net cash / debtD/A 15% · 12/25

Quality87

Piotroski F6/9 · 15/25
Beneish M-2.56 · 25/25
FCF conversion87% · 22/25
Margin stabilityσ 1.1% · 25/25

Moat81

ROIC >12% years5/5 yrs · 25/25
Median gross margin35.0% · 13/25
FCF-positive years5/5 yrs · 25/25
Worst-year net marginworst 8.3% · 18/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Jun 15, 2026Acquisition
Fox Corporation announced that it would acquire FAST provider and digital media player…
2025Acquisition
Fox acquired the podcast and media company Red Seat Ventures, in a move to expand Fox's reach into…
FY2025Financial
Best year on record
$2.26B net income
2024Acquisition
Under the terms of the acquisition, Disney would remove the Fox brand usage by 2024, to avoid confusion with Fox Corp
Jan 24, 2023Acquisition
The proposed merger was abandoned by Murdoch
Oct 14, 2022Acquisition
It was announced that, under the instruction of Rupert Murdoch, a special committee had been…
FY2022Financial
Profitable every year on record
5 consecutive profitable years in our data
FY2022Financial
Revenue already above $10B
$14.0B in first reported year
FY2022Financial
Positive free cash flow every year since
5-year streak
2021Acquisition
Fox Corp acquired the film and television production studio MarVista Entertainment
Apr 20, 2020Acquisition
Fox Corp acquired streaming service Tubi for $440 million
2019Acquisition
Via the Fox Sports division, Fox Corp acquired a 4.99% stake in Canadian online gambling operator The…
Mar 19, 2019Founded
Named after William Fox and incorporated in Delaware, it was formed as a spin-off of 21st Century Fox's television…

Achievements

Verifiable track record, straight from the reported numbers.

#9 largest of 23 Communication Services companies by market cap

$10 000 invested in 2021 would be worth ~$17 019 today — price return only

$17.1B revenue in FY2026

Revenue up 5.1% year over year

Profitable 5 years in a row

Positive free cash flow 5 years in a row

10 550 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Altman Z-Score 3.24 — low bankruptcy-risk zone

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

11 of 11 checks passed

Revenue growing — the company sells more than a year ago+5.1% YoY
Profitable — makes more than it spends$1.69B FY2026
Profit growing — earnings are higher than last year+18.1% YoY
Generates cash — cash left after running and investing$1.47B FY2026
Debt under control — could handle its obligations~2.3y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$23.6B market cap
Not printing shares — share count not ballooning — you keep your slice-23.2% shares over ~5y
Proven track record — years of profitability behind it5/5 profitable years
Financially stable — balance sheet not near distressAltman Z 3.2 — safe
Pays a dividend — returns cash to shareholdersyield 1.15%
Valuation not extreme — price not wildly above earningsP/E 14.8

Peer comparisonFox Corporation vs 6 largest communication services peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
FOX this company	$23.6B	14.8	+5.1%	9.8%	Solid
VZ Verizon Communications	$173.7B	10.6	+1.4%	11.6%	Strained
TMUS T-Mobile US, Inc.	$159.6B	15.1	+9.7%	11.5%	Strained
T AT&T Inc.	$152.3B	7.1	+2.6%	16.9%	Strained
WBD Warner Bros. Discovery, Inc. Series A	$77.6B	106.6	-6.1%	-8.8%	Strained
CMCSA Comcast Corp	$73.4B	6.5	+0.6%	9.0%	Strained
ECHO EchoStar Corporation	$27.7B	—	-5.2%	-38.7%	Mixed

Head-to-head: FOX vs VZ · FOX vs TMUS · FOX vs T

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 5Buy 11Hold 10Sell 1

Appendix · Financial records

The full statements behind this CV, FY2022–FY2026. For readers who want to check the numbers.

Profit & lossRevenue $17.1B · net income $1.69B (FY2026)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2026 revenue flows to profit

RevenueNet income

Revenue (FY2026)

$17.1B

YoY 5.1%

Net income (FY2026)

$1.69B

Margin 9.8%

Gross margin

36.6%

Operating margin

19.5%

P/E ratio

14.8

Dividend yield

1.15%

Income statement — full detail

Figures in USD billions · EPS in USD

	2022	2023	2024	2025	2026
Revenue	14.0	14.9	14.0	16.3	17.1
Gross profit	4.9	5.2	4.9	5.8	6.3
Operating income (EBIT)	2.5	2.7	2.4	3.1	3.5
Net income	1.2	1.2	1.5	2.3	1.7
EPS (diluted)	2.11	2.33	3.13	4.91	3.84

Cash flowFree cash flow $1.47B · operating cash flow $1.97B (FY2026)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (FY2026)

$1.47B

Margin 8.6%

Operating cash flow (FY2026)

$1.97B

FY basis

FCF margin

8.6%

Cash flow statement — full detail

Figures in USD billions

	2022	2023	2024	2025	2026
Operating cash flow	1.8	1.8	3.3	2.0	2.0
Capital expenditure	-0.4	-0.3	-0.3	-0.5	-0.5
Free cash flow	1.4	1.5	3.0	1.5	1.5
FCF margin	10.3%	10.0%	21.4%	9.0%	8.6%

Balance sheetAssets $22.5B · net debt $3.36B (FY2026)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $22.5B of assets is financed

47%

53%

Liabilities $10.7B — borrowed moneyEquity $11.8B — owners' stake

Cash vs debt

Total debt $7.57B − cash $4.21B = net debt $3.36B

Cash on hand covers 56% of debt.

Altman Z-Score

3.24

Safe zone

Debt repayment

2.3 yrs

Years of free cash flow to clear net debt

Interest coverage

3.2x

EBIT ÷ interest expense

ROE

14.7%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2022	2023	2024	2025	2026
Cash & equivalents	4.3	4.3	5.4	4.2	4.2
Total assets	21.9	22.0	23.2	22.5	22.5
Total liabilities	11.2	10.9	10.8	10.7	10.7
Total debt	8.2	8.2	7.5	7.6	7.6
Equity	10.7	11.1	12.4	11.8	11.8
Net debt	3.9	3.8	2.1	3.4	3.4

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of FOX on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $55.89 · market cap $23.6B.