News Corporation

Entertainment

NWSSolid11 of 11 basics passed

$32.01

+0.28%

Market cap $17.3B

$32.01

+0.28%

Market cap $17.3B

News Corporation is a diversified media and information services conglomerate with significant presence in the US, the UK, and Australia. Key mastheads include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph.

It is a $17.3B communication services company. Revenue grew 6.8% over the last year, it keeps 6¢ of every dollar of sales as profit, and its net debt equals ~1.0 years of free cash flow. It trades at 28.4× earnings — around the middle of its own history.

Website: newscorp.com
Location: New York, NY
Employees: 21 700
Sector: Communication Services

Share price · 3 years

$21.51 → $32.01+48.8%

price only — dividends excluded

Key facts · FY2026

Revenue: total sales; $9.03B
Profit: keeps 6¢ of every $1 sold; $573M
Free cash flow: cash left after running the business; $805M
Net debt: debt minus cash on hand; $814M
P/E: years of profit in the price; 28.4
EPS: earnings per share, FY2026; $1.05
Dividend: pays out 36% of profit · 27% of FCF; 1.25%
Shares: down 5% since 2022 — buybacks; 543.4M
Volatility: beta vs the market — under 1 swings less; 1.03

Revenue, last 5 years

52-week range

Low $25.65$32.01High $35.32

Today's price is 66% of the way from the year's low to its high.

P/E vs its history5y

30.0×median 20.8×

Higher than 57% of past days — around the middle of its own history.

Valuation vs own history

P/E

30.0×

44%

P/S

1.9×

39%

EV/EBITDA

15.5×

67%

P/B

1.9×

18%

FCF yield

4.7%

29%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Standing in Communication Services

Size$17.3Btop 50%
Revenue growth-3%top 100%
Net margin6%top 59%
Return on equity7%top 59%
P/E28.4×top 65%
Dividend yield1.25%top 67%

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 quality; Growth and Profitability lag behind.

Valuation69

P/E vs own history57th pct · 12/25
FCF yield4.7% · 12/25
P/S1.8x · 25/25
EV/EBITDA10.6x · 20/25

Growth25

Revenue CAGR-3.4% · 0/25
Net income CAGR-2.1% · 0/25
EPS CAGR ~5Y-0.8% · 0/25
Fwd implied growth30.8% · 25/25

Profitability35

ROIC5.7% · 5/25
ROE6.6% · 5/25
Net margin6.3% · 13/25
Operating margin11.6% · 12/25

Health66

Altman Z2.59 · 18/25
Current ratio1.62 · 18/25
Interest coverage3.0x · 10/25
Net cash / debtD/A 5% · 20/25

Quality90

Piotroski F6/9 · 15/25
Beneish M-2.69 · 25/25
FCF conversion140% · 25/25
Margin stabilityσ 1.5% · 25/25

Moat57

ROIC >12% years0/5 yrs · 0/25
Median gross margin53.9% · 20/25
FCF-positive years5/5 yrs · 25/25
Worst-year net marginworst 1.9% · 12/25

How the scores work →

Experience

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

FY2025Financial
Best year on record
$1.18B net income
FY2022Financial
Profitable every year on record
5 consecutive profitable years in our data
FY2022Financial
Revenue already above $10B
$10.4B in first reported year
FY2022Financial
Positive free cash flow every year since
5-year streak
1994Milestone
It became available to a wider public with the release of the Netscape browser in 1994
1991Product
The BBC introduced a competitor, BBC World Service Television
1937Milestone
The Party renamed it Xinhua News Agency, which became the official news agency of the People's Republic of…
1933Milestone
Radio broadcasters in the United States negotiated a similar arrangement with the press in 1933
1931Product
The Chinese Communist Party created its news agency, the Red China News Agency, in 1931

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$14 951 today — price return only

$9.0B revenue in FY2026

Revenue up 6.8% year over year

Profitable 5 years in a row

Positive free cash flow 5 years in a row

21 700 employees

Strengths & watch-outs

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

Strengths

High gross margin (56.9%)
Could repay net debt from ~1.0 years of free cash flow

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+6.8% YoY
Profitable — makes more than it spends$573M FY2026
Profit growing — earnings are higher than last year+58.6% YoY
Generates cash — cash left after running and investing$805M FY2026
Debt under control — could handle its obligations~1.0y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$17.3B market cap
Not printing shares — share count not ballooning — you keep your slice-5.0% shares over ~5y
Proven track record — years of profitability behind it5/5 profitable years
Financially stable — balance sheet not near distressAltman Z 2.6 — grey
Pays a dividend — returns cash to shareholdersyield 1.25%
Valuation not extreme — price not wildly above earningsP/E 28.4

Peer comparisonNews 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
NWS this company	$17.3B	28.4	+6.8%	6.3%	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: NWS vs VZ · NWS vs TMUS · NWS vs T

References

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

Strong buy 5Buy 9Hold 1

Appendix · Financial records

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

Profit & lossRevenue $9.03B · net income $573M (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)

$9.03B

YoY 6.8%

Net income (FY2026)

$573M

Margin 6.3%

Gross margin

56.9%

Operating margin

11.6%

P/E ratio

28.4

Dividend yield

1.25%

Income statement — full detail

Figures in USD billions · EPS in USD

	2022	2023	2024	2025	2026
Revenue	10.4	8.0	8.3	8.5	9.0
Gross profit	5.3	4.1	4.4	4.7	5.2
Operating income (EBIT)	1.0	0.7	0.8	1.0	1.2
Net income	0.6	0.1	0.3	1.2	0.6
EPS (diluted)	1.09	0.26	0.47	2.17	1.05

Cash flowFree cash flow $805M · operating cash flow $1.23B (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)

$805M

Margin 8.9%

Operating cash flow (FY2026)

$1.23B

FY basis

FCF margin

8.9%

Cash flow statement — full detail

Figures in USD billions

	2022	2023	2024	2025	2026
Operating cash flow	1.1	1.1	1.1	1.2	1.2
Capital expenditure	-0.3	-0.4	-0.4	-0.4	-0.4
Free cash flow	0.7	0.7	0.7	0.8	0.8
FCF margin	7.2%	9.2%	8.8%	9.5%	8.9%

Balance sheetAssets $15.5B · net debt $814M (FY2026)Open ▾

Balance sheet

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

How $15.5B of assets is financed

41%

59%

Liabilities $6.31B — borrowed moneyEquity $9.24B — owners' stake

Cash vs debt

Total debt $2.92B − cash $2.10B = net debt $814M

Cash on hand covers 72% of debt.

Altman Z-Score

2.59

Grey zone

Debt repayment

1.0 yrs

Years of free cash flow to clear net debt

Interest coverage

3.0x

EBIT ÷ interest expense

ROE

6.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2022	2023	2024	2025	2026
Cash & equivalents	1.9	1.9	2.4	2.1	2.1
Total assets	16.9	16.7	15.5	15.5	15.5
Total liabilities	8.0	7.7	6.1	6.3	6.3
Total debt	4.2	3.1	2.9	2.9	2.9
Equity	8.9	9.0	9.4	9.2	9.2
Net debt	2.4	1.2	0.5	0.8	0.8

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

Deeper analysis of NWS 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 $32.01 · market cap $17.3B.