Fox (FOXA) AI Stock Analysis

• Market Cap: $30.83B
• Dividend Yield: 0.75%
• Average Volume (3M): 3.08M
• Price to Earnings (P/E): 16.4
• Beta (1Y): 0.48
• Revenue Growth: 14.91%
• EPS Growth: 9.30%
• Country: US
• Employees: 10,200
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): 1.51
• Shares Outstanding: 208,361,700
• 10 Day Avg. Volume: 2,711,197
• 30 Day Avg. Volume: 3,081,892
• PEG Ratio: 0.20
• Price to Book (P/B): 2.16
• Price to Sales (P/S): 1.58
• P/FCF Ratio: 8.63
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 1.94
• Enterprise Value/Gross Profit: 4.70
• Enterprise Value/Ebitda: 9.16
• 1Y Price Target: $75.29
• Price Target Upside: 3.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): 4.49
• Revenue Forecast (FY): $16.12B

• Rating: 77 Outperform
• Price Target: $83.00 ▲(14.40% Upside)

Fox Corporation's stock is performing well, driven by strong financial performance and bullish technical indicators. The company's strategic initiatives, such as the share buyback and Tubi's growth, are positive. However, challenges like declining free cash flow and subscriber numbers need attention. The stock's valuation is fair, with a reasonable P/E ratio and modest dividend yield.

Positive Factors

Advertising and Live Sports Strength

Fox’s leadership in live news and sports generates premium, real-time audiences that sustain higher ad pricing and reliable ratings. This structural advantage supports durable advertising revenue and affiliate demand, underpinning consistent cash flows despite secular streaming shifts.

Tubi Growth and Profitability

Tubi’s rapid revenue growth and earlier-than-expected profitability provide durable diversification from linear TV. A profitable AVOD business improves overall margin mix, expands digital monetization capabilities, and reduces dependence on cyclical linear ad markets over the medium term.

Improved Leverage and Strong ROE

Lower leverage and a robust ROE give Fox financial flexibility to fund rights, buybacks, and investments without overextending the balance sheet. Strong equity returns indicate effective capital allocation and enhance resilience against cyclicality in advertising and content markets.

Negative Factors

Declining Free Cash Flow

A sustained decline in free cash flow reduces internal funding for content rights, technology, and strategic initiatives. Weaker cash generation limits flexibility for buybacks or buffering against advertising cyclicality, raising the need for prudent capital allocation and liquidity management.

Persistent Subscriber Declines

Ongoing subscriber attrition erodes affiliate and distribution fee revenue, weakening a long-term revenue base. Persistent declines reduce bargaining power with distributors and could compress distribution margins, pressuring recurring revenue streams over multiple quarters.

Material Legal and Reputational Risk

The large defamation lawsuit represents a material legal and reputational overhang that could result in significant cash outflows, higher defense costs, and strained advertiser or distributor relationships if liability or reputational damage occurs, affecting long-term business stability.

Fox Business Overview & Revenue Model

Company Description

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S. It operates FOX News, a national cable news channel; FOX Business, a business news national cable channel; FS1 and FS2 multi-sport national networks; FOX Sports Racing, a video programming service that comprises motor sports programming; FOX Soccer Plus, a video programming network for live soccer and rugby competitions; FOX Deportes, a Spanish-language sports programming service; and Big Ten Network, a national video programming service. The Television segment acquires, produces, markets, and distributes programming. It operates The FOX Network, a national television broadcast network that broadcasts sports programming and entertainment; Tubi, an advertising-supported video-on-demand service; Fox Alternative Entertainment, a full-service production studio that develops and produces unscripted and alternative programming; MyNetworkTV, a programming distribution service; and Blockchain Creative Labs, which is focuses on the creation, distribution and monetization of Web3 content. This segment owns and operates 29 broadcast television stations. The Other, Corporate and Eliminations segment owns the FOX Studios Lot that provides production and post-production services, including 15 sound stages, two broadcast studios, theaters and screening rooms, editing rooms, and other television and film production facilities in Los Angeles, California. The company was incorporated in 2018 and is based in New York, New York.

How the Company Makes Money

Fox generates revenue through multiple channels, primarily through advertising sales and affiliate fees. The company's advertising revenue comes from commercial airtime sold during broadcasts, which is particularly lucrative during live sports events and prime-time shows. Additionally, Fox earns affiliate fees from cable and satellite providers who carry its channels, providing a steady income stream. The company also benefits from licensing its content to third-party platforms and international broadcasters. Significant partnerships with sports leagues and major events, such as the NFL and MLB, enhance its revenue potential by attracting large audiences and advertisers. Furthermore, digital initiatives and streaming services contribute to its earnings by expanding its reach and offering additional monetization opportunities.

Fox Financial Statement Overview

Summary

Fox exhibits a strong financial position with consistent revenue growth and solid profitability margins. The balance sheet shows improved leverage ratios, enhancing financial stability. However, the decline in free cash flow growth is a potential risk that needs to be addressed to maintain long-term financial health.

Income Statement

Fox has demonstrated solid revenue growth with a TTM revenue growth rate of 1.07% and a consistent increase over the past years. The gross profit margin is strong at 66% TTM, indicating efficient cost management. However, the net profit margin has slightly decreased to 12.35% TTM from 13.88% in the previous annual report, suggesting some pressure on profitability. EBIT and EBITDA margins remain healthy, reflecting stable operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.54 TTM, indicating a reduction in leverage and a stronger equity position. Return on equity is robust at 17.25% TTM, showcasing effective use of shareholder funds. The equity ratio is stable, reflecting a balanced asset structure. However, the overall debt level remains significant, which could pose risks if not managed carefully.

Cash Flow

Fox's cash flow performance shows some mixed results. The free cash flow growth rate is negative at -7.48% TTM, indicating a decline in cash generation. However, the operating cash flow to net income ratio is strong at 1.23 TTM, suggesting good cash conversion from earnings. The free cash flow to net income ratio is also healthy at 0.91 TTM, but the declining trend in free cash flow growth is a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.47B	16.30B	13.98B	14.91B	13.97B	12.91B
Gross Profit	6.80B	5.40B	13.98B	14.91B	13.97B	12.91B
EBITDA	3.49B	3.85B	2.90B	2.50B	2.43B	3.61B
Net Income	2.04B	2.26B	1.50B	1.24B	1.21B	2.15B
Balance Sheet
Total Assets	22.77B	23.20B	21.97B	21.87B	22.18B	22.93B
Cash, Cash Equivalents and Short-Term Investments	4.37B	5.35B	4.32B	4.27B	5.20B	5.89B
Total Debt	7.45B	7.46B	8.15B	8.21B	7.72B	8.45B
Total Liabilities	10.37B	10.84B	10.92B	11.21B	10.62B	11.54B
Stockholders Equity	12.21B	11.96B	10.71B	10.38B	11.34B	11.12B
Cash Flow
Free Cash Flow	2.67B	2.99B	1.50B	1.44B	1.58B	2.15B
Operating Cash Flow	3.04B	3.32B	1.84B	1.80B	1.88B	2.64B
Investing Cash Flow	-714.00M	-537.00M	-452.00M	-438.00M	-513.00M	-528.00M
Financing Cash Flow	-2.01B	-1.75B	-1.34B	-2.29B	-2.06B	-870.00M

Fox Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 72.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FOXA, the sentiment is Neutral. The current price of 72.55 is below the 20-day moving average (MA) of 73.65, above the 50-day MA of 69.60, and above the 200-day MA of 59.35, indicating a neutral trend. The MACD of 1.17 indicates Positive momentum. The RSI at 51.19 is Neutral, neither overbought nor oversold. The STOCH value of 15.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FOXA.

Fox Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FOXA	77 Outperform	$30.83B	16.45	17.33%	0.75%	14.91%	9.30%
DIS	75 Outperform	$202.68B	16.58	11.78%	1.10%	3.61%	152.34%
NFLX	71 Outperform	$404.63B	36.78	42.86%	―	15.49%	35.54%
WBD	68 Neutral	$70.96B	151.87	1.36%	―	-4.29%	―
NWSA	67 Neutral	$15.77B	33.36	5.59%	0.76%	-16.36%	29.53%
ROKU	65 Neutral	$15.89B	-530.15	-1.09%	―	16.61%	83.98%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%

Fox Corporate Events

Fox Holds Annual Meeting, Elects Board Members

On November 14, 2025, Fox Company held its Annual Meeting of Stockholders where several key proposals were voted on. The election of directors saw Lachlan K. Murdoch, Tony Abbott AC, William A. Burck, Chase Carey, Roland A. Hernandez, Margaret “Peggy” L. Johnson, and Paul D. Ryan elected to the board. The stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2026. Additionally, the advisory vote on executive officer compensation was approved, and it was decided to hold such votes annually. However, stockholder proposals to improve the executive compensation program and to implement a simple majority vote did not pass.

The most recent analyst rating on (FOXA) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Fox stock, see the FOXA Stock Forecast page.