CluenexFox Corporation FOX
Fox Corporation scores average on business quality (5.8 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Fox Corporation does
Fox operates television networks, live sports broadcasting, and digital news properties, monetizing audiences primarily through advertising sales and cable distribution fees. The company is leaning into live event programming and targeted digital distribution to protect its linear footprint from audience erosion.
- What it does best
Fox dominates live televised sports and news broadcasting, generating a gross margin of 36.6% that edges out peers like NXST at 55.1% while maintaining superior operating reach. This edge rests on long-term sports rights and cable affiliate agreements that are nearly impossible for new entrants to replicate.
- The main risk
Linear TV subscriber churn threatens the affiliate fees and ad revenue that anchor its core cash flow. Without a massive streaming replacement, every cord-cutter permanently shrinks its core addressable market.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 20.4% with an FCF margin of 8.6%, supported by efficient cost management across live broadcasts. Profitability remains resilient as scale absorbs content costs, though it faces pressure from shifting viewing habits.
Scale in broadcast rights creates a regulatory and capital barrier that locks in traditional TV distributors and advertisers. Its operating margin lands in the 68th sector percentile, reflecting pricing power with cable operators despite cord-cutting.
Revenue grew 5.1% to reach $17.1B, showing a recovery compared to the prior year's dip. The sector revenue growth percentile sits at 43, placing it middle of the pack as top-line expansion stabilizes.
Debt-to-equity sits at 0.6x alongside an interest coverage ratio of 8.7x, keeping debt servicing manageable. Free cash flow came in at $1.5B after generating $2.0B in operating cash flow, leaving capital to fund $2.0B in buybacks. Balance-sheet reality is steady.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 insider bought $10.3M on the open market. 1 sold $10.3M outside pre-planned sales.
Our sealed record on FOX
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Fox Corporation scores average on the Cluenex quality check (5.8 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health strong.
In the last 90 days of SEC Form 4 filings: 1 insider bought $10.3M on the open market. 1 sold $10.3M outside pre-planned sales.
Oct 29, 2026.
See FOX today
- Today's verdict on FOX, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Fox Corporation (FOX)”, https://cluenex.com/stocks/fox/, data as of Oct 10, 2026.