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Side-by-side financial comparison of Brookfield Business Partners L.P. (BBU) and Fox Corporation (Class A) (FOXA). Click either name above to swap in a different company.

Brookfield Business Partners L.P. is the larger business by last-quarter revenue ($6.7B vs $5.2B, roughly 1.3× Fox Corporation (Class A)). Fox Corporation (Class A) runs the higher net margin — 4.8% vs 2.0%, a 2.8% gap on every dollar of revenue. On growth, Fox Corporation (Class A) posted the faster year-over-year revenue change (2.0% vs -44.0%).

Brookfield Business Partners L.P. is a publicly traded limited partnership and the primary public vehicle through which Brookfield Corporation, its parent company, owns and operates the business services and industrial operations of its private equity group. It was formed through a spin-off from Brookfield Asset Management in June 2016.

Fox Corporation, commonly known as Fox Corp or Fox, is an American multinational mass media company headquartered at 1211 Avenue of the Americas in Midtown Manhattan with offices also in Burbank, California. Named after William Fox and incorporated in Delaware, it was formed as a spin-off of 21st Century Fox's television broadcasting, news, and sports assets on March 19, 2019. 21CF went defunct the next day. The company is controlled by Lachlan Murdoch through a family trust with 36% voting s...

BBU vs FOXA — Head-to-Head

Bigger by revenue
BBU
BBU
1.3× larger
BBU
$6.7B
$5.2B
FOXA
Growing faster (revenue YoY)
FOXA
FOXA
+46.0% gap
FOXA
2.0%
-44.0%
BBU
Higher net margin
FOXA
FOXA
2.8% more per $
FOXA
4.8%
2.0%
BBU

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BBU
BBU
FOXA
FOXA
Revenue
$6.7B
$5.2B
Net Profit
$135.0M
$247.0M
Gross Margin
Operating Margin
6.2%
Net Margin
2.0%
4.8%
Revenue YoY
-44.0%
2.0%
Net Profit YoY
107.7%
-36.3%
EPS (diluted)
$0.12
$0.52

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BBU
BBU
FOXA
FOXA
Q4 25
$5.2B
Q3 25
$3.7B
Q2 25
$6.7B
$3.3B
Q1 25
$4.4B
Q4 24
$5.1B
Q3 24
$3.6B
Q2 24
$11.9B
$3.1B
Q1 24
$3.4B
Net Profit
BBU
BBU
FOXA
FOXA
Q4 25
$247.0M
Q3 25
$609.0M
Q2 25
$135.0M
$719.0M
Q1 25
$354.0M
Q4 24
$388.0M
Q3 24
$832.0M
Q2 24
$65.0M
$320.0M
Q1 24
$704.0M
Operating Margin
BBU
BBU
FOXA
FOXA
Q4 25
6.2%
Q3 25
21.4%
Q2 25
29.2%
Q1 25
10.8%
Q4 24
10.1%
Q3 24
31.2%
Q2 24
14.6%
Q1 24
27.9%
Net Margin
BBU
BBU
FOXA
FOXA
Q4 25
4.8%
Q3 25
16.3%
Q2 25
2.0%
21.9%
Q1 25
8.1%
Q4 24
7.6%
Q3 24
23.3%
Q2 24
0.5%
10.3%
Q1 24
20.4%
EPS (diluted)
BBU
BBU
FOXA
FOXA
Q4 25
$0.52
Q3 25
$1.32
Q2 25
$0.12
$1.57
Q1 25
$0.75
Q4 24
$0.81
Q3 24
$1.78
Q2 24
$-0.10
$0.68
Q1 24
$1.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BBU
BBU
FOXA
FOXA
Cash + ST InvestmentsLiquidity on hand
$3.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$15.3B
$10.9B
Total Assets
$75.3B
$21.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBU
BBU
FOXA
FOXA
Q4 25
Q3 25
Q2 25
$3.3B
Q1 25
Q4 24
Q3 24
Q2 24
$3.0B
Q1 24
Total Debt
BBU
BBU
FOXA
FOXA
Q4 25
Q3 25
$6.6B
Q2 25
$6.6B
Q1 25
$7.2B
Q4 24
$7.2B
Q3 24
$7.2B
Q2 24
$7.2B
Q1 24
$7.2B
Stockholders' Equity
BBU
BBU
FOXA
FOXA
Q4 25
$10.9B
Q3 25
$12.2B
Q2 25
$15.3B
$12.0B
Q1 25
$11.5B
Q4 24
$11.5B
Q3 24
$11.3B
Q2 24
$18.2B
$10.7B
Q1 24
$10.6B
Total Assets
BBU
BBU
FOXA
FOXA
Q4 25
$21.5B
Q3 25
$22.8B
Q2 25
$75.3B
$23.2B
Q1 25
$23.4B
Q4 24
$23.0B
Q3 24
$22.5B
Q2 24
$81.5B
$22.0B
Q1 24
$21.7B
Debt / Equity
BBU
BBU
FOXA
FOXA
Q4 25
Q3 25
0.54×
Q2 25
0.55×
Q1 25
0.62×
Q4 24
0.63×
Q3 24
0.64×
Q2 24
0.67×
Q1 24
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BBU
BBU
FOXA
FOXA
Operating Cash FlowLast quarter
$-669.0M
Free Cash FlowOCF − Capex
$-791.0M
FCF MarginFCF / Revenue
-15.3%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
-2.71×
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBU
BBU
FOXA
FOXA
Q4 25
$-669.0M
Q3 25
$-130.0M
Q2 25
$1.5B
Q1 25
$2.0B
Q4 24
$-362.0M
Q3 24
$158.0M
Q2 24
$899.0M
Q1 24
$1.5B
Free Cash Flow
BBU
BBU
FOXA
FOXA
Q4 25
$-791.0M
Q3 25
$-234.0M
Q2 25
$1.4B
Q1 25
$1.9B
Q4 24
$-436.0M
Q3 24
$94.0M
Q2 24
$787.0M
Q1 24
$1.4B
FCF Margin
BBU
BBU
FOXA
FOXA
Q4 25
-15.3%
Q3 25
-6.3%
Q2 25
42.4%
Q1 25
44.4%
Q4 24
-8.6%
Q3 24
2.6%
Q2 24
25.5%
Q1 24
40.4%
Capex Intensity
BBU
BBU
FOXA
FOXA
Q4 25
2.4%
Q3 25
2.8%
Q2 25
3.6%
Q1 25
1.7%
Q4 24
1.5%
Q3 24
1.8%
Q2 24
3.6%
Q1 24
2.4%
Cash Conversion
BBU
BBU
FOXA
FOXA
Q4 25
-2.71×
Q3 25
-0.21×
Q2 25
2.10×
Q1 25
5.69×
Q4 24
-0.93×
Q3 24
0.19×
Q2 24
2.81×
Q1 24
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BBU
BBU

Segment breakdown not available.

FOXA
FOXA

Television Segment$2.9B57%
Distribution$1.2B22%
Other$621.0M12%
Advertising$491.0M9%

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