News Corp (Class A) (NWSA)
Communication Services · $16.6B market cap · SEC CIK 0001564708
fundamentals score out of 100
Next reports on Nov 4, 2026, with analysts expecting $0.26 in earnings per share.
The case for NWSA
- Holds more cash ($2.1B) than long-term debt ($1.9B).
- Gross margin of 57% absorbs cost shocks.
The case against
- Earnings per share down 50.5%.
- Priced at 29.0× earnings while earnings per share are shrinking (-50.5%).
- Revenue has shrunk 0.7% a year over five years.
- Return on equity of only 7%.
- Only 48% of FY2025's $1.2B profit arrived as free cash.
- Revenue grew only 1.1%, roughly the pace of inflation.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Communication Services companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 55 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 13 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 43 |
| Momentumhow the price has behaved lately | 66 |
| Stabilityhow violently it moves, what it owes and what it pays you | 63 |
- Each factor except momentum is half fixed thresholds, half rank among the 19 Communication Services companies.
Key numbers
| Price / earnings | 29.0× |
|---|---|
| Price / book | 1.66× |
| Price / sales | 1.8× |
| Revenue growth (YoY) | +1.1% |
| EPS growth (YoY) | -50.5% |
| Gross margin | 57% |
| Operating margin | 12% |
| Net margin | 6% |
| Return on equity | 7% |
| Debt / equity | 0.23× |
| Current ratio | 1.62 |
| Dividend yield | 0.91% |
| Beta | 1.03 |
| 52-week range | $22.20 – $31.66 |
| Position in that range | 75% of the way up |
| 3-month return | +17.5% |
| 1-year return | -3.0% |
Five years of financials, as filed
Pulled from News Corp (Class A)'s XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $8.5B | $8.3B | $8.0B | $8.4B | $9.4B |
| Net income | $1.2B | $266M | $149M | $623M | $330M |
| Operating cash flow | $978M | $1.1B | $1.1B | $1.4B | $1.2B |
| Capital expenditure | $407M | $357M | $347M | $310M | $390M |
| Total assets | $15.5B | $16.2B | $16.7B | $16.9B | $16.5B |
| Shareholder equity | $8.8B | $8.1B | $8.2B | $8.1B | $8.4B |
| Cash | $2.1B | $1.8B | $1.7B | $1.3B | $2.2B |
| Long-term debt | $1.9B | $1.9B | $3.0B | $3.0B | $2.0B |
| Free cash flow | $571M | $741M | $745M | $1.0B | $847M |
| Net margin | 14.0% | 3.2% | 1.9% | 7.4% | 3.5% |
| Diluted shares | 570M | 574M | 579M | 593M | 593M |
Share count is down 4.0% over 4 years. Buybacks have been shrinking the pie.
What News Corp (Class A) says it does
– Business Overview – Dow Jones" above for further information. Other The Other segment includes the Company’s general corporate overhead expenses, strategy costs and costs related to the U.K. Newspaper Matters. Governmental Regulation General Various aspects of the Company’s activities are subject to regulation in numerous jurisdictions around the world. The introduction of new laws and regulations in countries where the Company’s products and services are produced or distributed, and changes in existing laws and regulations in those countries or the interpretation or enforcement thereof, could have a negative impact on the Company’s interests. 9 Table of Contents Benchmark Regulation In connection with Dow Jones Energy’s OPIS business, the Company has established its own benchmark administrator, OPIS Benchmark Administration B.V. (the "Administrator"), organized in the Netherlands and authorized under the EU Benchmarks Regulation…
Risk factors NWSA lists in its 10-K
- For the fiscal year ended June 30, 2026
- The Wall Street Journal Digital Network (WSJDN)
- Property and Property-Related Advertising and Services
- The Pioneer Woman Cooks: The Essential Recipes
- Warriors: Changing Skies #2: Hidden Moon
- Data Privacy and Security Regulation
- U.K. Radio Broadcasting and On-Demand Services Regulation
- Health, Safety, Security and Wellbeing
- Training, Development and Engagement
- Explanatory Note Regarding Certain Metrics
- Risks Relating to the Company’s Businesses and Operations
- The Company Operates in a Highly Competitive Business Environment, and its Success Depends on its Ability to Compete Effectively, Including by Responding to Evolving Technologies and Changes in Consumer and Customer Behavior
- Macroeconomic and Market Conditions and Other Events Outside the Company’s Control May Adversely Affect the Company’s Business
- The Company’s Businesses Depend on a Single or Limited Number of Suppliers for Certain Products, Services, Data and Information,