NMAX vs FWONA vs FOXA Stock Comparison

Newsmax, Liberty Media and Fox Prices as of Oct 28, 2026 Peers: Industry group
NMAX Newsmax Inc.
$8.07 -26.0% 1M -19.5% 1Y
Market cap
$1.04B
P/E
–
Revenue (TTM)
$198.07M
Div. yield
–
Television Broadcasting Communication Services
FWONA Liberty Media Corp
$83.88 -3.2% 1M -4.0% 1Y
Market cap
$18.82B
P/E
51.6x
Revenue (TTM)
$4.34B
Div. yield
–
Live Entertainment Communication Services
4 wins
FOXA Fox Corp
$63.39 +0.5% 1M +3.7% 1Y
Market cap
$27.32B
P/E
16.2x
Revenue (TTM)
$17.13B
Div. yield
0.90%
Television Broadcasting Communication Services
7 wins

Head to Head

11 decided of 12

Fox leads on 7 of the 12 questions below (Fox 7, Liberty Media 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNMAXFWONAFOXALeader
Larger companyMarket capitalisation $1.04B $18.82B $27.32B FOXA
Cheaper on earningsLower P/E, profitable companies only -13.1x 51.6x 16.2x FOXA
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 45.3x 11.2x FOXA
Faster revenue growthRevenue growth, trailing twelve months +8.3% +12.2% +5.1% FWONA
More profitableNet margin, trailing twelve months -40.1% 9.4% 9.8% FOXA
Better return on capitalReturn on invested capital — 2.9% 9.6% FOXA
Less leveragedLower net debt / EBITDA — 3.5x 0.9x FOXA
Higher dividend yieldTrailing dividend yield — — 0.90% –
Better 1-year returnPrice return, last 12 months -19.5% -4.0% +3.7% FOXA
Better 5-year returnAnnualised price return, 5 years — +10.0%/yr +9.8%/yr FWONA
Less volatileAnnualised volatility, 1 year 77.7% 24.5% 36.5% FWONA
Higher overall scoreMean of the five percentile scores vs peers 32/100 69/100 66/100 FWONA

Percentile Scorecard

NMAXFWONAFOXA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisNMAXFWONAFOXA
Valuation 2 #52 of 53 50 #7 of 13 52 #26 of 53
Growth 51 #22 of 44 80 #3 of 11 42 #26 of 44
Profitability 12 #37 of 42 70 #4 of 11 85 #7 of 42
Financial Health 63 #23 of 61 75 #4 of 13 82 #12 of 61
Shareholder Returns – – 68 #9 of 26
Overall 32 69 66
  • NMAX ranked among 61 companies in Advertising and Media
  • FWONA ranked among 13 companies in Live Venues
  • FOXA ranked among 61 companies in Advertising and Media

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodNMAXFWONAFOXASPY
1 month -26.0%-3.2%+0.5% +0.9%
3 months +5.6%-10.3%+7.5% +5.9%
6 months +38.4%+7.0%+0.7% +8.5%
Year to date +4.4%-6.2%-13.2% +13.3%
1 year -19.5%-4.0%+3.7% +12.4%
3 years —+47.9%+115.3% +88.1%
3 years, per year —+13.9%+29.2% +23.5%
5 years —+60.8%+59.5% +68.2%
5 years, per year —+10.0%+9.8% +11.0%
10 years —+207.8%— +263.4%
10 years, per year —+11.9%— +13.8%

Risk

MeasureNMAXFWONAFOXASPY
Volatility, 1Y 77.7%24.5%36.5% 12.7%
Downside volatility, 1Y 79.7%22.6%41.6% 12.7%
Beta vs S&P 500, 1Y 1.640.30-0.03 1.00
Return / volatility, 1Y -0.25-0.160.10 0.98
Max drawdown, 5Y -97.8%-25.7%-36.0% -25.4%
From 52-week high -29.4%-14.6%-16.7% -0.9%
52-week high $11.43$98.18$76.11 $779.14
52-week low $5.16$74.51$48.79 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleNMAXFWONAFOXA
P/E now vs peer median -13.1xmedian 18.7x 51.6xmedian 51.6x 16.2xmedian 18.7x
P/S now vs peer median 5.2xmedian 0.6x 4.3xmedian 1.5x 1.6xmedian 0.6x
EV/EBITDA now vs peer median -12.4xmedian 10.6x 22.8xmedian 18.1x 11.1xmedian 10.6x
P/FCF now vs peer median —median 8.9x 22.9xmedian 17.3x 18.6xmedian 8.9x
P/B now vs peer median 9.2xmedian 1.6x 2.5xmedian 2.5x 2.3xmedian 1.6x
PEG now vs peer median —median 0.49 -10.07median 0.26 0.90median 0.49

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsNMAXFWONAFOXA
Revenue $198.07M $4.34B $17.13B
Gross profit $78.29M $1.22B –
Operating income -$86.98M $516.00M –
Net income -$79.40M $407.00M $1.73B
Free cash flow – $823.00M $1.47B
EPS (diluted) $-0.61 $1.62 $3.84
Cash & equivalents $25.88M $1.47B $4.21B
Total debt – $4.92B $6.61B
Shares (diluted) 129.29M 252.00M 439.00M
Enterprise value $942.72M $14.14B $13.23B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricNMAXFWONAFOXA
P/E -13.1x 51.6x 16.2x
P/FCF – 22.9x 18.6x
P/Operating cash flow – 19.8x 13.9x
P/S 5.2x 4.3x 1.6x
P/B 9.2x 2.5x 2.3x
P/Tangible book 9.2x 6.8x 3.1x
EV/EBITDA -12.4x 22.8x 11.1x
EV/EBIT -11.6x 43.2x 13.0x
EV/Revenue 5.1x 5.1x 1.7x
EV/FCF – 27.1x 20.2x
EV/Operating cash flow – 23.4x 15.1x
PEG (3Y EPS CAGR) – -10.07 0.90

Growth

14 metrics
MetricNMAXFWONAFOXA
Revenue growth (1Y) 8.3% 12.2% 5.1%
Revenue CAGR (3Y) – 75.9% 4.7%
Gross profit growth (1Y) -4.1% 1,012% –
Gross profit CAGR (3Y) – 29.5% –
Operating income growth (1Y) 14.9% 49.1% –
Operating income CAGR (3Y) – 37.8% –
Net income growth (1Y) 27.2% 113.5% -24.7%
Net income CAGR (3Y) – -34.0% 11.3%
EPS growth (1Y) 27.7% 122.2% -21.8%
EPS CAGR (3Y) – -5.1% 18.0%
Operating cash flow growth (1Y) – 18.7% -40.7%
Operating cash flow CAGR (3Y) – 19.7% 3.1%
Free cash flow growth (1Y) – 15.6% -51.0%
Free cash flow CAGR (3Y) – 73.7% 0.6%

Profitability

14 metrics
MetricNMAXFWONAFOXA
Gross margin 39.5% 28.2% –
EBITDA margin -41.2% 22.5% 15.7%
Operating margin -43.9% 11.9% –
Pretax margin -40.1% 14.3% 13.3%
Net margin -40.1% 9.4% 9.8%
FCF margin – 19.0% 8.6%
Operating cash flow margin – 21.9% 11.5%
Return on equity -72.4% 5.3% 15.1%
Return on assets -33.8% 2.6% 7.8%
Return on invested capital – 2.9% 9.6%
Return on capital employed -57.8% 3.6% 11.7%
Asset turnover 0.8x 0.3x 0.8x
Cash conversion (OCF / net income) – 2.3x 1.1x
Stock comp / revenue – 0.6% 0.8%

Financial Health

11 metrics
MetricNMAXFWONAFOXA
Debt / assets – 31.0% 29.4%
Debt / equity – 0.6x 0.6x
Net debt / EBITDA – 3.5x 0.9x
Debt / FCF – 6.0x 4.5x
Liabilities / assets 50.9% 52.0% 47.8%
Equity / assets 49.1% 48.0% 52.2%
Interest coverage -4,632x 1.9x –
Current ratio 2.4x 1.3x 3.2x
Quick ratio 0.8x 1.1x 2.9x
Cash ratio 0.3x 0.9x 1.6x
Altman Z-score 3.55 2.47 3.21

Shareholder Returns

7 metrics
MetricNMAXFWONAFOXA
Dividend yield – – 0.9%
Net buyback yield – – 7.3%
Shareholder yield – – 8.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusNMAXFWONAFOXA
Forward P/E – 45.3xFY2026 11.2xFY2027
EPS, next fiscal year $-0.01FY2026 $1.85FY2026 $5.66FY2027
EPS growth, next FY – -16.3%FY2026 +4.4%FY2027
EPS growth, the year after – +14.6% +9.2%
Revenue, next fiscal year $203.04MFY2026 $4.97BFY2026 $16.94BFY2027
Revenue growth, next FY +7.3%FY2026 +10.9%FY2026 -1.1%FY2027
Revenue growth, the year after +24.6% -0.7% -0.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNMAXFWONAFOXA
Held by institutions 40.9% 9.3% 100.0%
Institutions holding 233 300 744
Change in shares held, QoQ +13.5% +10.2% +9.3%
Institutions buying 110 154 374
Institutions selling 37 77 273
Buyers to sellers 2.97 2.00 1.37

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

NMAXFWONAFOXA
NMAX 1.00 0.14 0.34
FWONA 0.14 1.00 0.23
FOXA 0.34 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NMAX, FWONA and FOXA?

Fox (FOXA) is the largest by market capitalisation: Newsmax (NMAX) $1.04B, Liberty Media (FWONA) $18.82B, Fox (FOXA) $27.32B.

Which stock is cheaper, NMAX, FWONA and FOXA?

Fox (FOXA) trades on the lowest price-to-earnings ratio (Newsmax (NMAX) -13.1x, Liberty Media (FWONA) 51.6x, Fox (FOXA) 16.2x). On next year's consensus earnings, Fox (FOXA) is cheapest (Liberty Media (FWONA) 45.3x, Fox (FOXA) 11.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Liberty Media (FWONA) grew revenue fastest over the trailing twelve months: Newsmax (NMAX) +8.3%, Liberty Media (FWONA) +12.2%, Fox (FOXA) +5.1%.

Which company is more profitable?

Fox (FOXA) has the highest net margin (Newsmax (NMAX) -40.1%, Liberty Media (FWONA) 9.4%, Fox (FOXA) 9.8%). On return on invested capital, Fox (FOXA) leads (Liberty Media (FWONA) 2.9%, Fox (FOXA) 9.6%).

Which stock has performed better?

Over the past year Fox (FOXA) returned the most: Newsmax (NMAX) -19.5%, Liberty Media (FWONA) -4.0%, Fox (FOXA) +3.7%. Over five years, Liberty Media (FWONA) compounded fastest (Liberty Media (FWONA) +10.0%/yr, Fox (FOXA) +9.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Fox (FOXA) 0.90%. Newsmax (NMAX) and Liberty Media (FWONA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Liberty Media (FWONA) has been the steadiest (Newsmax (NMAX) 77.7%, Liberty Media (FWONA) 24.5%, Fox (FOXA) 36.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NMAX, FWONA and FOXA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Fox (FOXA) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.