NWS vs NWSA: News Corp B and News Corp A compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- News Corp B is the larger company, worth $17.2B, close to News Corp A's $15.7B.
- On earnings, News Corp A is the cheaper stock (36.3x vs 39.8x).
- News Corp B's price assumes faster free cash flow growth: about 6% a year, against 5% for News Corp A (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | NWS | NWSA |
|---|---|---|
| Market cap | $17.2B | $15.7B |
| Share price | $32.01 | $29.12 |
| Revenue (last fiscal year) | $9.0B | $9.0B |
| Free cash flow (last fiscal year) | $811M | $811M |
| Revenue growth, last year | +10.8% | +10.8% |
| Revenue growth per year, last 5 fiscal years | -3.4% | -3.4% |
| Operating margin | 56.9% | 56.9% |
| Net margin | 6.3% | 6.3% |
| Return on equity | 6.7% | 6.7% |
| P/E (trailing) | 39.8x | 36.3x |
| Price / free cash flow | 23.6x | 21.5x |
| EV / EBITDA | 10.8x | 11.2x |
| FCF growth the price implies | 5.7% | 4.5% |
| Dividend yield | 0.63% | 0.70% |
| Debt / equity | 0.74x | 0.74x |
| Fundamental grade | C | C |
| Superinvestors holding it | 3 | 7 |
| Insider purchases, last 12 months | 0 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
News Corp B
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $10.4B | $855M | 50.7% |
| 2023 | $8.0B | $745M | 51.2% |
| 2024 | $8.3B | $741M | 53.8% |
| 2025 | $8.5B | $571M | 55.8% |
| 2026 | $9.0B | $811M | 56.9% |
News Corp A
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $10.4B | $855M | 50.7% |
| 2023 | $8.0B | $745M | 51.2% |
| 2024 | $8.3B | $741M | 53.8% |
| 2025 | $8.5B | $571M | 55.8% |
| 2026 | $9.0B | $811M | 56.9% |
Where the revenue comes from
News Corp B · by segments, 2026
Dow Jones$2.5B28%
Book Publishing$2.3B25%
News and Information Services Segment$2.2B25%
Digital Real Estate Services$2.0B22%
News Corp A · by segments, 2026
Dow Jones$2.5B28%
Book Publishing$2.3B25%
News and Information Services Segment$2.2B25%
Digital Real Estate Services$2.0B22%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open NWS in InvestinglyQuestions
Which is bigger, News Corp B or News Corp A?
News Corp B (NWS), at $17.2B against $15.7B.
Is NWS or NWSA cheaper?
By trailing P/E, News Corp A (36.3x) is cheaper than News Corp B (39.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, NWS or NWSA?
News Corp A: revenue grew +10.8% over the last year, against +10.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.