Warner Music
WMG
28.16
+0.55
+1.99%
Warner Music
US · WMG
#1159 by market cap
Listed 2020
28.16
+0.55
+1.99%
Live - 5344 symbols - heartbeat 63s ago
· 2026-10-08 08:38
Pre-market
28.35
+0.67%
After-hours
28.16
0.00%
- Market cap
- 14.73B
- P/E (TTM)i
- 22.53
- P/Bi
- 17.24
- EPSi
- 0.69
- Div yieldi
- 2.70%
- 52W posi
- 43%
Reader sentiment
Are you bullish or bearish on WMG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.60, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +4.37% YoY
Margins
- Gross margin
- 45.85%
- Operating margin
- 13.84%
- Net margin
- 5.44%
Key ratios & quality
- Enterprise valuei
- 18.61B
- Altman Z-Scorei
- 1.60
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.01B | 4.48B | 4.46B | 5.30B | 5.92B | 6.04B | 6.43B | 6.71B |
| Gross profit | 1.83B | 2.07B | 2.13B | 2.56B | 2.84B | 2.86B | 3.07B | 3.08B |
| Selling & admin expenses | 1.41B | 1.51B | 2.17B | 1.72B | 1.79B | 1.74B | 1.78B | 1.77B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 217.00M | 356.00M | -229.00M | 609.00M | 714.00M | 789.00M | 968.00M | 928.00M |
| Pretax profit | 442.00M | 267.00M | -447.00M | 456.00M | 740.00M | 609.00M | 601.00M | 490.00M |
| Tax | 130.00M | 9.00M | 23.00M | 149.00M | 185.00M | 170.00M | 123.00M | 120.00M |
| Net profit | 312.00M | 258.00M | -470.00M | 307.00M | 555.00M | 439.00M | 478.00M | 370.00M |
| Basic EPS | 1 | 1 | -1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 0.61 | 0.51 | -0.82 | 0.58 | 1.06 | 0.82 | 0.83 | 0.69 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 1.48B | 1.69B | 1.87B | 1.84B | 1.73B | 1.86B |
| Gross profit | 693.00M | 776.00M | 834.00M | 853.00M | 802.00M | 854.00M |
| Selling & admin expenses | 422.00M | 442.00M | 462.00M | 427.00M | 429.00M | 431.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 181.00M | 238.00M | 268.00M | 327.00M | 270.00M | 312.00M |
| Pretax profit | 65.00M | -11.00M | 106.00M | 246.00M | 254.00M | 267.00M |
| Tax | 29.00M | 5.00M | -3.00M | 71.00M | 73.00M | 67.00M |
| Net profit | 36.00M | -16.00M | 109.00M | 175.00M | 181.00M | 200.00M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.07 | -0.03 | 0.21 | 0.33 | 0.34 | 0.38 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.18B | 1.69B | 1.68B | 1.90B | 2.14B | 2.40B | 2.64B | 2.77B |
| Cash & ST investments | 514.00M | 619.00M | 553.00M | 499.00M | 584.00M | 641.00M | 694.00M | 532.00M |
| Inventory | 42.00M | 74.00M | 79.00M | 99.00M | 108.00M | 126.00M | 99.00M | 62.00M |
| Total assets | 5.34B | 6.02B | 6.41B | 7.21B | 7.83B | 8.55B | 9.16B | 9.83B |
| Total current liabilities | 2.37B | 2.82B | 2.72B | 3.15B | 3.37B | 3.54B | 3.90B | 4.20B |
| Short-term debt | -- | -- | 39.00M | 43.00M | 40.00M | 41.00M | 45.00M | 43.00M |
| Long-term debt | 2.82B | 2.97B | 3.10B | 3.35B | 3.73B | 3.96B | 4.01B | 4.37B |
| Total liabilities | 5,664,000,000.00 | 6,286,000,000.00 | 6,455,000,000.00 | 7,165,000,000.00 | 7,660,000,000.00 | 8,115,000,000.00 | 8,480,000,000.00 | 9,072,000,000.00 |
| Total equity | -320.00M | -269.00M | -45.00M | 46.00M | 168.00M | 430.00M | 675.00M | 757.00M |
| Retained earnings | -1.27B | -1.18B | -1.75B | -1.71B | -1.48B | -1.39B | -1.31B | -1.33B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.60B | 2.68B | 2.77B | 3.02B | 3.22B | 3.26B |
| Cash & ST investments | 637.00M | 527.00M | 532.00M | 751.00M | 741.00M | 618.00M |
| Inventory | 88.00M | 101.00M | 62.00M | 60.00M | 65.00M | 69.00M |
| Total assets | 9.57B | 9.78B | 9.83B | 10.01B | 10.61B | 10.73B |
| Total current liabilities | 3.92B | 4.05B | 4.20B | 4.31B | 4.42B | 4.44B |
| Short-term debt | 47.00M | 43.00M | 43.00M | 47.00M | 48.00M | 44.00M |
| Long-term debt | 4.29B | 4.36B | 4.37B | 4.37B | 4.72B | 4.71B |
| Total liabilities | 8,778,000,000.00 | 8,965,000,000.00 | 9,072,000,000.00 | 9,182,000,000.00 | 9,640,000,000.00 | 9,641,000,000.00 |
| Total equity | 790.00M | 812.00M | 757.00M | 829.00M | 972.00M | 1.09B |
| Retained earnings | -1.23B | -1.34B | -1.33B | -1.26B | -1.17B | -1.07B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 425.00M | 400.00M | 463.00M | 638.00M | 742.00M | 687.00M | 754.00M | 678.00M |
| Depreciation & amortization | 261.00M | 269.00M | 261.00M | 306.00M | 339.00M | 332.00M | 327.00M | 376.00M |
| Free cash flow | 337.00M | 255.00M | 338.00M | 64.00M | 416.00M | 446.00M | 451.00M | 344.00M |
| Dividends paid | -925.00M | -94.00M | -344.00M | -265.00M | -318.00M | -340.00M | -361.00M | -383.00M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | 0 | 0 | -16.00M |
| Ending cash balance | 514.00M | 619.00M | 553.00M | 499.00M | 584.00M | 641.00M | 694.00M | 532.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 69.00M | 46.00M | 231.00M | 440.00M | 126.00M | 142.00M |
| Depreciation & amortization | 90.00M | 96.00M | 104.00M | 99.00M | 103.00M | 111.00M |
| Free cash flow | -46.00M | -25.00M | 160.00M | 390.00M | -328.00M | 66.00M |
| Dividends paid | -95.00M | -94.00M | -100.00M | -100.00M | -100.00M | -100.00M |
| Stock buybacks / issuance | 0 | -1.00M | -13.00M | -26.00M | -22.00M | 0 |
| Ending cash balance | 637.00M | 527.00M | 532.00M | 751.00M | 741.00M | 618.00M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -- | -- | 602.19 | 184.75 | 105.45 | 62.66 |
| ROA %i | 5.55 | 4.51 | -7.64 | 4.46 | 7.33 | 5.18 | 4.92 | 3.85 |
| ROIC %i | -- | -- | -- | -- | 16.38 | 12.04 | 12.02 | 9.69 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 14.48 | 9.14 | -7.17 | 10.90 | 14.61 | 12.42 | 11.86 | 9.72 |
| FCF / sales %i | 8.41 | 5.70 | 7.57 | 1.21 | 7.03 | 7.39 | 7.02 | 5.13 |
| Current ratioi | 0.50 | 0.60 | 0.62 | 0.60 | 0.64 | 0.68 | 0.68 | 0.66 |
| Quick ratioi | 0.40 | 0.49 | 0.49 | 0.42 | 0.47 | 0.50 | 0.50 | 0.45 |
| Debt / assetsi | 52.75 | 49.43 | 53.70 | 50.98 | 51.26 | 49.85 | 46.83 | 46.88 |
| LT debt / equityi | -- | -- | -- | 11,719.35 | 2,613.82 | 1,374.27 | 818.92 | 705.56 |
| Interest coveragei | 4.20 | 2.88 | -2.52 | 4.74 | 6.92 | 5.32 | 4.73 | 4.02 |
| Revenue CAGR (3Y) %i | 10.53 | 11.30 | 7.67 | 9.80 | 9.77 | 10.59 | 6.63 | 4.25 |
| Net income CAGR (3Y) %i | -- | 117.15 | -- | -0.33 | 29.11 | -- | 12.69 | -12.83 |
| FCF CAGR (3Y) %i | 33.08 | -2.49 | -10.72 | -42.52 | 17.72 | 9.68 | 91.72 | -6.14 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 90.40 | 55.41 | 62.66 | 48.38 | 68.97 | 92.72 |
| ROA %i | 4.94 | 3.19 | 3.85 | 3.19 | 4.46 | 6.53 |
| ROIC %i | 11.60 | 8.25 | 9.69 | 8.58 | 10.74 | 14.66 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 12.20 | 9.18 | 9.72 | 8.37 | 10.76 | 14.39 |
| FCF / sales %i | 8.45 | 6.04 | 5.13 | 6.96 | 2.76 | 3.94 |
| Current ratioi | 0.66 | 0.66 | 0.66 | 0.70 | 0.73 | 0.73 |
| Quick ratioi | 0.47 | 0.45 | 0.45 | 0.49 | 0.51 | 0.50 |
| Debt / assetsi | 47.61 | 47.23 | 46.88 | 46.01 | 46.56 | 45.86 |
| LT debt / equityi | 795.06 | 776.74 | 705.56 | 633.19 | 663.01 | 570.84 |
| Interest coveragei | 4.96 | 3.74 | 4.02 | 3.39 | 4.46 | 5.90 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Recorded Music is the largest reported line at 79.83% of revenue, across 3 reported segments.
- The next-largest line, Music Publishing, is a distant second at 20.23% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Recorded Music79.83%
Music Publishing20.23%
Quote time 2026-10-08 08:38:07 · For reference only, not investment advice and not tailored to your situation.