Fox Corporation (FOXA)

Category: Company Returns Sector: Communication Services Industry: Entertainment Live Price: $71.99

Income Returns

Metric	3Y Avg	5Y Avg	10Y Avg	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30
Net Income	1,668M	1,672M	1,558M	2,035M	1,921M	2,263M	1,501M	1,239M	1,205M	2,150M	999M	1,595M	2,187M	1,372M	1,072M
Revenue	15,064M	14,415M	12,474M	16,474M	14,337M	16,300M	13,980M	14,913M	13,974M	12,909M	12,303M	11,389M	10,153M	9,921M	8,894M
Return on Revenue	10.98%	11.64%	12.78%	12.35%	13.40%	13.88%	10.74%	8.31%	8.62%	16.66%	8.12%	14.00%	21.54%	13.83%	12.05%
Cost of Revenue	3,634M	2,181M	1,090M	9,671M	2,109M	10,903M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Cost of Revenue	6.92%	4.15%	2.08%	21.04%	91.09%	20.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Gross Profit	11,430M	12,235M	11,383M	6,803M	12,228M	5,397M	13,980M	14,913M	13,974M	12,909M	12,303M	11,389M	10,153M	9,921M	8,894M
Return on Gross Profit	20.33%	17.25%	15.58%	29.91%	15.71%	41.93%	10.74%	8.31%	8.62%	16.66%	8.12%	14.00%	21.54%	13.83%	12.05%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on R&D Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	2,080M	1,994M	1,670M	2,255M	2,046M	2,168M	2,024M	2,049M	1,920M	1,807M	1,741M	1,419M	1,262M	1,117M	1,191M
Return on SG&A Expenses	79.67%	84.15%	97.67%	90.24%	93.89%	104.38%	74.16%	60.47%	62.76%	118.98%	57.38%	112.40%	173.30%	122.83%	90.01%
Operating Expenses	8,606M	9,473M	8,837M	3,853M	9,566M	2,168M	11,502M	12,149M	11,400M	10,144M	9,806M	8,958M	7,938M	7,386M	6,920M
Return on Operating Expenses	42.54%	31.88%	24.90%	52.82%	20.08%	104.38%	13.05%	10.20%	10.57%	21.19%	10.19%	17.81%	27.55%	18.58%	15.49%
Operating Income (EBIT)	2,824M	2,762M	2,546M	2,950M	2,662M	3,229M	2,478M	2,764M	2,574M	2,765M	2,497M	2,431M	2,215M	2,535M	1,974M
Return on Operating Income (EBIT)	58.49%	60.01%	61.28%	68.98%	72.16%	70.08%	60.57%	44.83%	46.81%	77.76%	40.01%	65.61%	98.74%	54.12%	54.31%
Interest Income	165M	101M	58M	124M	192M	176M	189M	131M	6M	4M	35M	41M	0M	0M	0M
Return on Interest Income	1,008.59%	15,371.82%	8,360.36%	1,641.13%	1,000.52%	1,285.80%	794.18%	945.80%	20,083.33%	53,750.00%	2,854.29%	3,890.24%	0.00%	0.00%	0.00%
Interest Expense	386M	386M	259M	351M	416M	403M	405M	349M	377M	395M	369M	203M	43M	23M	18M
Return on Interest Expense	429.06%	430.22%	2,021.44%	579.77%	461.78%	561.54%	370.62%	355.01%	319.63%	544.30%	270.73%	785.71%	5,086.05%	5,965.22%	5,955.56%
Net Interest Income	-220M	-285M	-200M	-227M	-224M	-227M	-216M	-218M	-371M	-391M	-334M	-162M	-43M	-23M	-18M
Return on Net Interest Income	-753.39%	-626.97%	-2,142.53%	-896.48%	-857.59%	-996.92%	-694.91%	-568.35%	-324.80%	-549.87%	-299.10%	-984.57%	-5,086.05%	-5,965.22%	-5,955.56%
Unusual Items	744M	744M	601M	430M	230M	395M	590M	1,246M	1,251M	238M	1,367M	369M	88M	317M	149M
Return on Unusual Items	308.92%	385.29%	606.93%	473.26%	835.22%	572.91%	254.41%	99.44%	96.32%	903.36%	73.08%	432.25%	2,485.23%	432.81%	719.46%
EBT Excluding Unusual Items	1,557M	1,559M	1,545M	2,317M	2,426M	2,666M	1,514M	490M	443M	2,680M	97M	1,855M	2,082M	1,924M	1,694M
Return on EBT Excluding Unusual Items	145.63%	157.82%	214.46%	87.83%	79.18%	84.88%	99.14%	252.86%	272.01%	80.22%	1,029.90%	85.98%	105.04%	71.31%	63.28%
Pre-Tax Income	2,300M	2,303M	2,146M	2,747M	2,656M	3,061M	2,104M	1,736M	1,694M	2,918M	1,464M	2,224M	2,170M	2,241M	1,843M
Return on Pre-Tax Income	72.21%	72.29%	72.16%	74.08%	72.33%	73.93%	71.34%	71.37%	71.13%	73.68%	68.24%	71.72%	100.78%	61.22%	58.17%
Income Tax Expense	600M	596M	547M	677M	685M	768M	550M	483M	461M	717M	402M	581M	-58M	832M	736M
Return on Income Tax Expense	274.70%	277.07%	-155.18%	300.59%	280.44%	294.66%	272.91%	256.52%	261.39%	299.86%	248.51%	274.53%	-3,770.69%	164.90%	145.65%
Depreciation and Amortization	395M	370M	283M	392M	384M	385M	389M	411M	363M	300M	258M	212M	171M	169M	170M
Return on Depreciation and Amortization	425.04%	464.75%	618.47%	519.13%	500.26%	587.79%	385.86%	301.46%	331.96%	716.67%	387.21%	752.36%	1,278.95%	811.83%	630.59%
EBITDA	3,081M	3,058M	2,687M	3,490M	3,456M	3,849M	2,898M	2,496M	2,434M	3,613M	2,091M	2,639M	2,384M	2,433M	2,031M
Return on EBITDA	53.41%	53.85%	57.84%	58.31%	55.58%	58.79%	51.79%	49.64%	49.51%	59.51%	47.78%	60.44%	91.74%	56.39%	52.78%
NOPAT	2,081M	2,041M	1,886M	2,223M	1,975M	2,419M	1,830M	1,995M	1,874M	2,086M	1,811M	1,796M	2,274M	1,594M	1,186M
Return on NOPAT	79.22%	81.02%	82.17%	91.54%	97.24%	93.56%	82.01%	62.11%	64.32%	103.09%	55.15%	88.81%	96.17%	86.08%	90.41%
Owner's Earnings	1,718M	1,676M	1,548M	2,056M	1,967M	2,317M	1,545M	1,293M	1,261M	1,966M	898M	1,572M	2,143M	1,350M	1,135M
Return on Owner's Earnings	96.88%	99.11%	100.64%	98.98%	97.66%	97.67%	97.15%	95.82%	95.56%	109.36%	111.25%	101.46%	102.05%	101.63%	94.45%

Balance Sheet Returns

Metric	3Y Avg	5Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Net Income	1,668M	1,672M	2,263M	1,501M	1,239M	1,205M	2,150M	999M	1,595M	2,187M	1,372M
Cash & Cash Equivalents	4,647M	5,006M	5,351M	4,319M	4,272M	5,200M	5,886M	4,645M	3,234M	2,500M	19M
Return on Cash & Cash Equivalents	35.35%	33.15%	42.29%	34.75%	29.00%	23.17%	36.53%	21.51%	49.32%	87.48%	7,221.05%
Short-Term Investments	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Investments	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	4,647M	5,006M	5,351M	4,319M	4,272M	5,200M	5,886M	4,645M	3,234M	2,500M	19M
Return on Cash & Short-Term Investments	35.35%	33.15%	42.29%	34.75%	29.00%	23.17%	36.53%	21.51%	49.32%	87.48%	7,221.05%
Net Receivables	2,338M	2,234M	2,472M	2,364M	2,177M	2,128M	2,029M	1,888M	1,967M	1,833M	1,693M
Return on Net Receivables	70.65%	74.91%	91.55%	63.49%	56.91%	56.63%	105.96%	52.91%	81.09%	119.31%	81.04%
Inventory	534M	624M	432M	626M	543M	791M	729M	856M	1,129M	1,180M	1,052M
Return on Inventory	330.60%	287.81%	523.84%	239.78%	228.18%	152.34%	294.92%	116.71%	141.28%	185.34%	130.42%
Other Current Assets	210M	180M	174M	192M	265M	162M	105M	97M	148M	67M	43M
Return on Other Current Assets	849.96%	1,068.27%	1,300.57%	781.77%	467.55%	743.83%	2,047.62%	1,029.90%	1,077.70%	3,264.18%	3,190.70%
Total Current Assets	7,729M	8,043M	8,429M	7,501M	7,257M	8,281M	8,749M	7,486M	6,478M	5,580M	2,807M
Return on Total Current Assets	21.31%	20.61%	26.85%	20.01%	17.07%	14.55%	24.57%	13.34%	24.62%	39.19%	48.88%
Property, Plant & Equipment	2,591M	2,422M	2,519M	2,600M	2,655M	2,159M	2,177M	2,037M	1,313M	1,169M	1,123M
Return on Property, Plant & Equipment	64.74%	69.76%	89.84%	57.73%	46.67%	55.81%	98.76%	49.04%	121.48%	187.08%	122.17%
Goodwill	3,581M	3,546M	3,639M	3,544M	3,559M	3,554M	3,435M	3,409M	2,691M	2,747M	2,750M
Return on Goodwill	46.45%	47.17%	62.19%	42.35%	34.81%	33.91%	62.59%	29.30%	59.27%	79.61%	49.89%
Intangible Assets	3,030M	3,080M	2,969M	3,038M	3,084M	3,157M	3,154M	3,198M	2,851M	2,866M	3,121M
Return on Intangible Assets	55.27%	54.43%	76.22%	49.41%	40.18%	38.17%	68.17%	31.24%	55.95%	76.31%	43.96%
Long-Term Investments	1,261M	1,052M	1,621M	1,129M	1,034M	578M	899M	618M	1,114M	275M	54M
Return on Long-Term Investments	130.79%	168.00%	139.61%	132.95%	119.83%	208.48%	239.15%	161.65%	143.18%	795.27%	2,540.74%
Tax Assets	2,896M	3,190M	2,721M	2,878M	3,090M	3,440M	3,822M	4,358M	4,651M	0M	0M
Return on Tax Assets	58.47%	53.34%	83.17%	52.15%	40.10%	35.03%	56.25%	22.92%	34.29%	0.00%	0.00%
Other Non-Current Assets	1,255M	1,094M	1,297M	1,282M	1,187M	1,016M	690M	644M	411M	484M	493M
Return on Other Non-Current Assets	131.98%	165.23%	174.48%	117.08%	104.38%	118.60%	311.59%	155.12%	388.08%	451.86%	278.30%
Other Assets	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Other Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	14,615M	14,385M	14,766M	14,471M	14,609M	13,904M	14,177M	14,264M	13,031M	7,541M	7,541M
Return on Total Non-Current Assets	11.39%	11.60%	15.33%	10.37%	8.48%	8.67%	15.17%	7.00%	12.24%	29.00%	18.19%
Total Assets	22,344M	22,429M	23,195M	21,972M	21,866M	22,185M	22,926M	21,750M	19,509M	13,121M	10,348M
Return on Total Assets	7.42%	7.41%	9.76%	6.83%	5.67%	5.43%	9.38%	4.59%	8.18%	16.67%	13.26%
Accounts Payable	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Accounts Payable	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt	679M	597M	41M	675M	1,321M	107M	841M	122M	0M	0M	0M
Return on Short-Term Debt	1,945.23%	1,443.50%	5,519.51%	222.37%	93.79%	1,126.17%	255.65%	818.85%	0.00%	0.00%	0.00%
Tax Payables	0M	0M	0M	0M	0M	0M	0M	0M	6M	553M	722M
Return on Tax Payables	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26,583.33%	395.48%	190.03%
Deferred Revenue	213M	209M	299M	180M	160M	209M	196M	152M	169M	147M	128M
Return on Deferred Revenue	788.37%	807.72%	756.86%	833.89%	774.38%	576.56%	1,096.94%	657.24%	943.79%	1,487.76%	1,071.88%
Other Current Liabilities	2,312M	2,176M	2,557M	2,097M	2,282M	1,980M	1,965M	1,632M	1,543M	1,059M	1,192M
Return on Other Current Liabilities	71.46%	76.93%	88.50%	71.58%	54.29%	60.86%	109.41%	61.21%	103.37%	206.52%	115.10%
Total Current Liabilities	3,204M	2,982M	2,897M	2,952M	3,763M	2,296M	3,002M	1,906M	1,712M	1,759M	2,042M
Return on Total Current Liabilities	53.96%	57.20%	78.12%	50.85%	32.93%	52.48%	71.62%	52.41%	93.17%	124.33%	67.19%
Long-Term Debt	7,262M	7,402M	7,424M	7,477M	6,886M	7,611M	7,611M	8,398M	6,751M	0M	0M
Return on Long-Term Debt	22.85%	22.53%	30.48%	20.07%	17.99%	15.83%	28.25%	11.90%	23.63%	0.00%	0.00%
Capital Lease Obligations	938M	766M	863M	955M	997M	512M	501M	574M	0M	0M	0M
Return on Capital Lease Obligations	181.22%	241.63%	262.22%	157.17%	124.27%	235.35%	429.14%	174.04%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	0M	0M	0M	0M	0M	0M	0M	0M	0M	1,071M	1,554M
Return on Deferred Tax Liabilities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	204.20%	88.29%
Other Non-Current Liabilities	522M	641M	519M	487M	559M	715M	927M	1,030M	899M	422M	505M
Return on Other Non-Current Liabilities	321.96%	273.27%	436.03%	308.21%	221.65%	168.53%	231.93%	96.99%	177.42%	518.25%	271.68%
Total Non-Current Liabilities	7,784M	8,043M	7,943M	7,964M	7,445M	8,326M	8,538M	9,428M	7,650M	1,493M	2,059M
Return on Total Non-Current Liabilities	21.33%	20.73%	28.49%	18.85%	16.64%	14.47%	25.18%	10.60%	20.85%	146.48%	66.63%
Total Liabilities	10,988M	11,025M	10,840M	10,916M	11,208M	10,622M	11,540M	11,334M	9,362M	3,252M	4,101M
Return on Total Liabilities	15.23%	15.13%	20.88%	13.75%	11.05%	11.34%	18.63%	8.81%	17.04%	67.25%	33.46%
Preferred Stock	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	4M	5M	4M	4M	5M	6M	6M	6M	7M	9,513M	6,152M
Return on Common Stock	39,626.67%	34,959.33%	56,575.00%	37,525.00%	24,780.00%	20,083.33%	35,833.33%	16,650.00%	22,785.71%	22.99%	22.30%
Retained Earnings	3,296M	2,866M	4,479M	3,139M	2,269M	2,461M	1,982M	674M	357M	0M	0M
Return on Retained Earnings	50.98%	62.08%	50.52%	47.82%	54.61%	48.96%	108.48%	148.22%	446.78%	0.00%	0.00%
Accumulated OCI	-127M	-185M	-124M	-107M	-149M	-226M	-318M	-417M	-308M	81M	-59M
Return on Accumulated OCI	-1,353.12%	-1,053.73%	-1,825.00%	-1,402.80%	-831.54%	-533.19%	-676.10%	-239.57%	-517.86%	2,700.00%	-2,325.42%
Minority Interest	338M	300M	393M	342M	280M	224M	263M	322M	200M	275M	154M
Return on Minority Interest	485.74%	562.53%	575.83%	438.89%	442.50%	537.95%	817.49%	310.25%	797.50%	795.27%	890.91%
Total Shareholders’ Equity	11,018M	11,103M	11,962M	10,714M	10,378M	11,339M	11,123M	10,094M	9,947M	9,594M	6,093M
Return on Total Shareholders’ Equity	14.96%	14.96%	18.92%	14.01%	11.94%	10.63%	19.33%	9.90%	16.03%	22.80%	22.52%
Total Equity	11,356M	11,404M	12,355M	11,056M	10,658M	11,563M	11,386M	10,416M	10,147M	9,869M	6,247M
Return on Total Equity	14.51%	14.56%	18.32%	13.58%	11.63%	10.42%	18.88%	9.59%	15.72%	22.16%	21.96%
Total Liabilities & Equity	22,344M	22,429M	23,195M	21,972M	21,866M	22,185M	22,926M	21,750M	19,509M	13,121M	10,348M
Return on Total Liabilities & Equity	7.42%	7.41%	9.76%	6.83%	5.67%	5.43%	9.38%	4.59%	8.18%	16.67%	13.26%
Total Investments	1,261M	1,052M	1,621M	1,129M	1,034M	578M	899M	618M	1,114M	275M	54M
Return on Total Investments	130.79%	168.00%	139.61%	132.95%	119.83%	208.48%	239.15%	161.65%	143.18%	795.27%	2,540.74%
Net Debt	3,294M	2,993M	2,114M	3,833M	3,935M	2,518M	2,566M	3,875M	3,517M	-2,500M	-19M
Return on Net Debt	59.23%	61.87%	107.05%	39.16%	31.49%	47.86%	83.79%	25.78%	45.35%	-87.48%	-7,221.05%

Capital Returns

Metric	3Y Avg	5Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Net Income	1,668M	1,672M	2,263M	1,501M	1,239M	1,205M	2,150M	999M	1,595M	2,187M	1,372M
Working Capital	4,525M	5,061M	5,532M	4,549M	3,494M	5,985M	5,747M	5,580M	4,766M	3,821M	765M
Return on Working Capital	36.45%	33.38%	40.91%	33.00%	35.46%	20.13%	37.41%	17.90%	33.47%	57.24%	179.35%
Total Capital	18,959M	19,102M	19,427M	18,866M	18,585M	19,057M	19,575M	18,614M	16,698M	9,594M	6,093M
Return on Total Capital	8.76%	8.72%	11.65%	7.96%	6.67%	6.32%	10.98%	5.37%	9.55%	22.80%	22.52%
Capital Employed	19,140M	19,447M	20,298M	19,020M	18,103M	19,889M	19,924M	19,844M	17,797M	11,362M	8,306M
Return on Capital Employed	8.63%	8.55%	11.15%	7.89%	6.84%	6.06%	10.79%	5.03%	8.96%	19.25%	16.52%
Invested Capital	14,312M	14,096M	14,076M	14,547M	14,313M	13,857M	13,689M	13,969M	13,464M	7,094M	6,074M
Return on Invested Capital	11.68%	11.89%	16.08%	10.32%	8.66%	8.70%	15.71%	7.15%	11.85%	30.83%	22.59%

Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30
Net Income	1,668M	1,672M	1,558M	2,035M	1,921M	2,263M	1,501M	1,239M	1,205M	2,150M	999M	1,595M	2,187M	1,372M	1,072M
Depreciation & Amortization	395M	370M	283M	392M	384M	385M	389M	411M	363M	300M	258M	212M	171M	169M	170M
Return on Depreciation & Amortization	425.04%	464.75%	618.47%	519.13%	500.26%	587.79%	385.86%	301.46%	331.96%	716.67%	387.21%	752.36%	1,278.95%	811.83%	630.59%
Deferred Income Tax	229M	313M	186M	151M	259M	164M	203M	321M	342M	534M	283M	386M	-603M	92M	139M
Return on Deferred Income Tax	835.09%	652.05%	592.63%	1,347.68%	741.70%	1,379.88%	739.41%	385.98%	352.34%	402.62%	353.00%	413.21%	-362.69%	1,491.30%	771.22%
Stock-Based Compensation	100M	110M	97M	129M	100M	135M	90M	74M	102M	147M	137M	36M	100M	57M	89M
Return on Stock-Based Compensation	1,672.80%	1,532.47%	1,862.06%	1,577.52%	1,921.00%	1,676.30%	1,667.78%	1,674.32%	1,181.37%	1,462.59%	729.20%	4,430.56%	2,187.00%	2,407.02%	1,204.49%
Change in Working Capital	-125M	-216M	-219M	89M	-515M	466M	-570M	-270M	-683M	-21M	220M	164M	-587M	-368M	-536M
Return on Change in Working Capital	-78.87%	-2,130.22%	-1,016.99%	2,286.52%	-373.01%	485.62%	-263.33%	-458.89%	-176.43%	-10,238.10%	454.09%	972.56%	-372.57%	-372.83%	-200.00%
Accounts Receivable	-66M	-112M	-488M	302M	-285M	-95M	-172M	68M	-79M	-282M	224M	-166M	-3,987M	-172M	-218M
Return on Accounts Receivable	-477.57%	-744.09%	-557.96%	673.84%	-674.04%	-2,382.11%	-872.67%	1,822.06%	-1,525.32%	-762.41%	445.98%	-960.84%	-54.85%	-797.67%	-491.74%
Inventory	121M	50M	17M	299M	-353M	521M	-303M	145M	-301M	190M	181M	197M	-228M	21M	-252M
Return on Inventory	264.49%	304.94%	803.50%	680.60%	-544.19%	434.36%	-495.38%	854.48%	-400.33%	1,131.58%	551.93%	809.64%	-959.21%	6,533.33%	-425.40%
Accounts Payable	7M	50M	-40M	67M	76M	89M	0M	-68M	-54M	282M	-306M	133M	-193M	-217M	-66M
Return on Accounts Payable	240.21%	-149.69%	-326.53%	3,037.31%	2,527.63%	2,542.70%	0.00%	-1,822.06%	-2,231.48%	762.41%	-326.47%	1,199.25%	-1,133.16%	-632.26%	-1,624.24%
Other Working Capital	-186M	-204M	253M	-579M	47M	-49M	-95M	-415M	-249M	-211M	121M	0M	3,821M	-172M	-218M
Return on Other Working Capital	-2,165.64%	-1,599.96%	-840.64%	-351.47%	4,087.23%	-4,618.37%	-1,580.00%	-298.55%	-483.94%	-1,018.96%	825.62%	0.00%	57.24%	-797.67%	-491.74%
Other Non-Cash Items	22M	14M	83M	215M	-202M	-119M	174M	11M	527M	-522M	405M	83M	39M	131M	100M
Return on Other Non-Cash Items	3,408.20%	2,008.27%	1,993.67%	946.51%	-950.99%	-1,901.68%	862.64%	11,263.64%	228.65%	-411.88%	246.67%	1,921.69%	5,607.69%	1,047.33%	1,072.00%
Net Cash from Operating Activities	2,321M	2,297M	2,045M	3,036M	1,997M	3,324M	1,840M	1,800M	1,884M	2,639M	2,365M	2,524M	1,317M	1,655M	1,097M
Return on Net Cash from Operating Activities	72.83%	72.78%	81.60%	67.03%	96.19%	68.08%	81.58%	68.83%	63.96%	81.47%	42.24%	63.19%	166.06%	82.90%	97.72%
Capital Expenditures (PPE)	-344M	-365M	-293M	-267M	-338M	-331M	-345M	-357M	-307M	-484M	-359M	-235M	-215M	-191M	-107M
Return on Capital Expenditures (PPE)	-488.61%	-460.51%	-599.69%	-762.17%	-568.34%	-683.69%	-435.07%	-347.06%	-392.51%	-444.21%	-278.27%	-678.72%	-1,017.21%	-718.32%	-1,001.87%
Acquisitions (Net)	-32M	-43M	-92M	-97M	0M	-97M	0M	0M	-160M	42M	-1,061M	0M	354M	0M	0M
Return on Acquisitions (Net)	-777.66%	406.59%	255.66%	-2,097.94%	0.00%	-2,332.99%	0.00%	0.00%	-753.13%	5,119.05%	-94.16%	0.00%	617.80%	0.00%	0.00%
Purchases of Investments	-79M	-70M	-80M	-214M	-103M	-79M	-103M	-54M	-28M	-86M	-103M	-338M	0M	-13M	0M
Return on Purchases of Investments	-2,205.43%	-2,683.97%	-2,541.55%	-950.93%	-1,865.05%	-2,864.56%	-1,457.28%	-2,294.44%	-4,303.57%	-2,500.00%	-969.90%	-471.89%	0.00%	-10,553.85%	0.00%
Sales / Maturities of Investments	0M	78M	74M	0M	0M	0M	0M	0M	0M	391M	349M	0M	0M	0M	0M
Return on Sales / Maturities of Investments	0.00%	109.97%	83.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	549.87%	286.25%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	-20M	-94M	-57M	-136M	-31M	-30M	-4M	-27M	-18M	-391M	74M	-64M	-11M	-38M	-61M
Return on Other Investing Activities	-16,552.41%	-11,380.31%	-8,329.34%	-1,496.32%	-6,196.77%	-7,543.33%	-37,525.00%	-4,588.89%	-6,694.44%	-549.87%	1,350.00%	-2,492.19%	-19,881.82%	-3,610.53%	-1,757.38%
Net Cash from Investing Activities	-476M	-494M	-449M	-714M	-472M	-537M	-452M	-438M	-513M	-528M	-1,100M	-637M	128M	-242M	-168M
Return on Net Cash from Investing Activities	-345.46%	-335.69%	-151.61%	-285.01%	-406.99%	-421.42%	-332.08%	-282.88%	-234.89%	-407.20%	-90.82%	-250.39%	1,708.59%	-566.94%	-638.10%
Net Debt Issuance	-206M	-274M	657M	-600M	-18M	-600M	-18M	0M	-750M	0M	1,191M	6,750M	0M	0M	0M
Return on Net Debt Issuance	-2,905.35%	-1,775.34%	-876.92%	-339.17%	-10,672.22%	-377.17%	-8,338.89%	0.00%	-160.67%	0.00%	83.88%	23.63%	0.00%	0.00%	0.00%
Long-Term Debt Issuance	-206M	-274M	657M	-600M	-18M	-600M	-18M	0M	-750M	0M	1,191M	6,750M	0M	0M	0M
Return on Long-Term Debt Issuance	-2,905.35%	-1,775.34%	-876.92%	-339.17%	-10,672.22%	-377.17%	-8,338.89%	0.00%	-160.67%	0.00%	83.88%	23.63%	0.00%	0.00%	0.00%
Short-Term Debt Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Short-Term Debt Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-1,333M	-1,200M	-660M	-1,000M	-1,000M	-1,000M	-1,000M	-2,000M	-1,000M	-1,001M	-600M	0M	0M	0M	0M
Return on Net Stock Issuance	-146.12%	-154.73%	-94.01%	-203.50%	-192.10%	-226.30%	-150.10%	-61.95%	-120.50%	-214.79%	-166.50%	0.00%	0.00%	0.00%	0.00%
Common Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Common Stock Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Repurchased	-1,333M	-1,200M	-660M	-1,000M	-1,000M	-1,000M	-1,000M	-2,000M	-1,000M	-1,001M	-600M	0M	0M	0M	0M
Return on Common Stock Repurchased	-146.12%	-154.73%	-94.01%	-203.50%	-192.10%	-226.30%	-150.10%	-61.95%	-120.50%	-214.79%	-166.50%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Preferred Stock Issuance	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-286M	-299M	-867M	-284M	-277M	-277M	-281M	-299M	-307M	-330M	-335M	-6,688M	-77M	-35M	-36M
Return on Net Dividends Paid	-588.50%	-561.91%	-1,286.96%	-716.55%	-693.50%	-816.97%	-534.16%	-414.38%	-392.51%	-651.52%	-298.21%	-23.85%	-2,840.26%	-3,920.00%	-2,977.78%
Common Dividends Paid	-286M	-299M	-867M	-284M	-277M	-277M	-281M	-299M	-307M	-330M	-335M	-6,688M	-77M	-35M	-36M
Return on Common Dividends Paid	-588.50%	-561.91%	-1,286.96%	-716.55%	-693.50%	-816.97%	-534.16%	-414.38%	-392.51%	-651.52%	-298.21%	-23.85%	-2,840.26%	-3,920.00%	-2,977.78%
Preferred Dividends Paid	0M	0M	4M	0M	0M	0M	0M	0M	0M	0M	0M	0M	36M	0M	0M
Return on Preferred Dividends Paid	0.00%	0.00%	607.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6,075.00%	0.00%	0.00%
Other Financing Activities	30M	110M	-197M	-122M	-7M	122M	-42M	9M	0M	461M	-110M	-1,215M	1,077M	-1,396M	-877M
Return on Other Financing Activities	4,015.93%	2,502.83%	1,145.72%	-1,668.03%	-27,442.86%	1,854.92%	-3,573.81%	13,766.67%	0.00%	466.38%	-908.18%	-131.28%	203.06%	-98.28%	-122.23%
Net Cash from Financing Activities	-1,795M	-1,663M	-1,063M	-2,006M	-1,302M	-1,755M	-1,341M	-2,290M	-2,057M	-870M	146M	-1,153M	1,036M	-1,431M	-913M
Return on Net Cash from Financing Activities	-98.33%	-120.14%	-5.70%	-101.45%	-147.54%	-128.95%	-111.93%	-54.10%	-58.58%	-247.13%	684.25%	-138.33%	211.10%	-95.88%	-117.42%
Effect of FX on Cash	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
Return on Effect of FX on Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	50M	141M	533M	316M	223M	1,032M	47M	-928M	-686M	1,241M	1,411M	734M	2,481M	-18M	16M
Return on Net Change in Cash	1,093.13%	655.40%	273.10%	643.99%	861.43%	219.28%	3,193.62%	-133.51%	-175.66%	173.25%	70.80%	217.30%	88.15%	-7,622.22%	6,700.00%
Cash at Beginning of Period	4,597M	4,864M	3,013M	17,540M	16,061M	4,319M	4,272M	5,200M	5,886M	4,645M	3,234M	2,500M	19M	37M	21M
Return on Cash at Beginning of Period	37.12%	35.62%	2,059.62%	11.60%	11.96%	52.40%	35.14%	23.83%	20.47%	46.29%	30.89%	63.80%	11,510.53%	3,708.11%	5,104.76%
Cash at End of Period	4,647M	5,006M	3,546M	17,856M	16,284M	5,351M	4,319M	4,272M	5,200M	5,886M	4,645M	3,234M	2,500M	19M	37M
Return on Cash at End of Period	35.35%	33.15%	1,044.24%	11.40%	11.80%	42.29%	34.75%	29.00%	23.17%	36.53%	21.51%	49.32%	87.48%	7,221.05%	2,897.30%
Operating Cash Flow	2,321M	2,297M	2,045M	3,036M	1,997M	3,324M	1,840M	1,800M	1,884M	2,639M	2,365M	2,524M	1,317M	1,655M	1,097M
Return on Operating Cash Flow	72.83%	72.78%	81.60%	67.03%	96.19%	68.08%	81.58%	68.83%	63.96%	81.47%	42.24%	63.19%	166.06%	82.90%	97.72%
Capital Expenditure	-344M	-365M	-293M	-371M	-338M	-331M	-345M	-357M	-307M	-484M	-359M	-235M	-215M	-191M	-107M
Return on Capital Expenditure	-488.61%	-460.51%	-599.69%	-548.52%	-568.34%	-683.69%	-435.07%	-347.06%	-392.51%	-444.21%	-278.27%	-678.72%	-1,017.21%	-718.32%	-1,001.87%
Free Cash Flow	1,977M	1,933M	1,751M	2,665M	1,659M	2,993M	1,495M	1,443M	1,577M	2,155M	2,006M	2,289M	1,102M	1,464M	990M
Return on Free Cash Flow	87.29%	87.61%	95.80%	76.36%	115.79%	75.61%	100.40%	85.86%	76.41%	99.77%	49.80%	69.68%	198.46%	93.72%	108.28%

Free Cash Flow Returns

Metric	3Y Avg	5Y Avg	10Y Avg	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30
Net Income	1,700M	1,707M	1,598M	2,060M	1,971M	2,293M	1,554M	1,253M	1,233M	2,201M	1,062M	1,643M	2,228M	1,409M	1,107M
EBITDA	3,081M	3,058M	2,687M	3,490M	3,456M	3,849M	2,898M	2,496M	2,434M	3,613M	2,091M	2,639M	2,384M	2,433M	2,031M
Return on EBITDA	54.47%	54.99%	59.39%	59.03%	57.03%	59.57%	53.62%	50.20%	50.66%	60.92%	50.79%	62.26%	93.46%	57.91%	54.51%
(-) Tax Adjustment	806M	794M	688M	860M	891M	966M	758M	694M	662M	888M	574M	689M	-64M	903M	811M
Return on (-) Tax Adjustment	207.67%	211.42%	-172.37%	239.50%	221.13%	237.44%	205.13%	180.43%	186.15%	247.92%	184.96%	238.32%	-3,496.56%	155.99%	136.49%
(-) Change In Working Capital	-125M	-216M	-219M	89M	-515M	466M	-570M	-270M	-683M	-21M	220M	164M	-587M	-368M	-536M
Return on (-) Change In Working Capital	-81.55%	-2,181.23%	-1,039.05%	2,314.61%	-382.72%	492.06%	-272.63%	-464.07%	-180.53%	-10,480.95%	482.73%	1,001.83%	-379.56%	-382.88%	-206.53%
(-) Capital Expenditure	-344M	-365M	-293M	-371M	-338M	-331M	-345M	-357M	-307M	-484M	-359M	-235M	-215M	-191M	-107M
Return on (-) Capital Expenditure	-498.05%	-470.11%	-615.41%	-555.26%	-583.14%	-692.75%	-450.43%	-350.98%	-401.63%	-454.75%	-295.82%	-699.15%	-1,036.28%	-737.70%	-1,034.58%
Unlevered Free Cash Flow	2,055M	2,115M	1,924M	2,170M	2,742M	2,086M	2,365M	1,715M	2,148M	2,262M	938M	1,551M	2,820M	1,707M	1,649M
Return on Unlevered Free Cash Flow	82.89%	80.68%	85.13%	94.94%	71.89%	109.91%	65.70%	73.08%	57.41%	97.29%	113.24%	105.96%	79.01%	82.56%	67.13%
(-) Net Interest Income After Taxes	-162M	-210M	-148M	-171M	-166M	-170M	-160M	-157M	-270M	-295M	-242M	-120M	-44M	-14M	-11M
Return on (-) Net Interest Income After Taxes	-1,039.62%	-864.35%	-3,116.18%	-1,204.29%	-1,185.71%	-1,348.46%	-974.07%	-796.33%	-456.60%	-746.29%	-438.32%	-1,372.84%	-5,046.51%	-9,743.48%	-10,238.89%
Net Debt Issuance	-206M	-274M	657M	-600M	-18M	-600M	-18M	0M	-750M	0M	1,191M	6,750M	0M	0M	0M
Return on Net Debt Issuance	-3,005.17%	-1,835.98%	-906.64%	-343.33%	-10,950.00%	-382.17%	-8,633.33%	0.00%	-164.40%	0.00%	89.17%	24.34%	0.00%	0.00%	0.00%
Levered Free Cash Flow	2,012M	2,052M	2,730M	1,741M	2,890M	1,656M	2,507M	1,872M	1,668M	2,557M	2,371M	8,420M	2,864M	1,721M	1,660M
Return on Levered Free Cash Flow	89.12%	85.47%	71.80%	118.33%	68.20%	138.44%	61.99%	66.94%	73.94%	86.07%	44.79%	19.51%	77.80%	81.86%	66.70%