NWSA vs TKO: News Corp A and TKO Group 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 A is the larger company, worth $15.7B, close to TKO Group's $14.1B.
- TKO Group grew revenue faster over the last year (+18.2% vs +10.8%).
- News Corp A keeps more of each dollar of revenue as operating profit (56.9% vs 18.8%).
- On earnings, News Corp A is the cheaper stock (36.3x vs 62.7x).
- News Corp A's price assumes faster free cash flow growth: about 5% a year, against -3% for TKO Group (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 | NWSA | TKO |
|---|---|---|
| Market cap | $15.7B | $14.1B |
| Share price | $29.12 | $178.64 |
| Revenue (last fiscal year) | $9.0B | $4.7B |
| Free cash flow (last fiscal year) | $811M | $1.3B |
| Revenue growth, last year | +10.8% | +18.2% |
| Revenue growth per year, last 5 fiscal years | -3.4% | +46.4% |
| Operating margin | 56.9% | 18.8% |
| Net margin | 6.3% | 4.3% |
| Return on equity | 6.7% | 6.8% |
| P/E (trailing) | 36.3x | 62.7x |
| Price / free cash flow | 21.5x | 12.2x |
| EV / EBITDA | 11.2x | 12.0x |
| FCF growth the price implies | 4.5% | -2.7% |
| Dividend yield | 0.70% | 1.5% |
| Debt / equity | 0.74x | 2.33x |
| Fundamental grade | C | C |
| Superinvestors holding it | 7 | 4 |
| Insider purchases, last 12 months | 4 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
TKO Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.0B | $430M | 37.9% |
| 2022 | $1.1B | $489M | 47.7% |
| 2023 | $3.2B | $241M | 11.7% |
| 2024 | $4.9B | $572M | 0.63% |
| 2025 | $4.7B | $1.3B | 17.6% |
Where the revenue comes from
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%
TKO Group · by segments, 2025
WWE Segment$1.7B37%
UFC Segment$1.5B33%
IMG Segment$1.4B30%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open NWSA in InvestinglyQuestions
Which is bigger, News Corp A or TKO Group?
News Corp A (NWSA), at $15.7B against $14.1B.
Is NWSA or TKO cheaper?
By trailing P/E, News Corp A (36.3x) is cheaper than TKO Group (62.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, NWSA or TKO?
TKO Group: revenue grew +18.2% over the last year, against +10.8%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.