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Warner Music Group (WMG) Financials

Warner Music Group logo
$26.21 -0.16 (-0.61%)
Closing price 06/9/2025 04:00 PM Eastern
Extended Trading
$26.30 +0.09 (+0.35%)
As of 06/9/2025 07:48 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Warner Music Group

Annual Income Statements for Warner Music Group

This table shows Warner Music Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Income / (Loss) Attributable to Common Shareholders
- - - 307 254 -475 301 547 430 435
Consolidated Net Income / (Loss)
- - - 307 256 -470 304 551 439 478
Net Income / (Loss) Continuing Operations
- - - 312 258 -470 307 555 439 478
Total Pre-Tax Income
- - - 442 267 -447 456 740 609 601
Total Operating Income
- - - 217 356 -229 609 714 790 823
Total Gross Profit
- - - 1,834 2,074 2,130 2,559 2,839 2,860 3,071
Total Revenue
- - - 4,005 4,475 4,463 5,301 5,919 6,037 6,426
Operating Revenue
- - - 4,005 4,475 4,463 5,301 5,919 6,037 6,426
Total Cost of Revenue
- - - 2,171 2,401 2,333 2,742 3,080 3,177 3,355
Operating Cost of Revenue
- - - 2,171 2,401 2,333 2,742 3,080 3,177 3,355
Total Operating Expenses
- - - 1,617 1,718 2,359 1,950 2,125 2,111 2,280
Selling, General & Admin Expense
- - - 1,411 1,510 2,169 1,721 1,862 1,826 1,879
Amortization Expense
- - - 206 208 190 229 263 245 224
Restructuring Charge
- - - - - - 0.00 0.00 40 177
Total Other Income / (Expense), net
- - - 225 -89 -218 -153 26 -140 -190
Interest Expense
- - - 31 7.00 34 22 0.00 4.00 0.00
Interest & Investment Income
- - - -138 -142 -127 -122 -125 -141 -161
Other Income / (Expense), net
- - - 394 60 -57 -9.00 151 5.00 -29
Income Tax Expense
- - - 130 9.00 23 149 185 170 123
Net Income / (Loss) Attributable to Noncontrolling Interest
- - - - 2.00 5.00 3.00 4.00 9.00 43
Basic Earnings per Share
- - - - - - - $2.12 $1.64 $1.66
Weighted Average Basic Shares Outstanding
1.06K 1.06K 1.06K 1.05K 501.99M 504.52M 513.47M 514.71M 515.72M 517.52M
Diluted Earnings per Share
- - - - - - - $2.12 $1.64 $1.66
Weighted Average Diluted Shares Outstanding
1.06K 1.06K 1.06K 1.05K 501.99M 504.52M 513.47M 514.71M 515.72M 517.52M
Weighted Average Basic & Diluted Shares Outstanding
1.06K 1.06K 1.06K 1.05K 1.06K 510.03M 514.54M 514.85M 516.00M 517.99M
Cash Dividends to Common per Share
- - - - - - $0.51 $0.61 $0.65 $0.69

Quarterly Income Statements for Warner Music Group

This table shows Warner Music Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders
145 122 34 122 152 159 96 139 41 236 36
Consolidated Net Income / (Loss)
147 124 37 124 154 193 96 141 48 241 36
Net Income / (Loss) Continuing Operations
150 124 37 124 154 193 96 141 48 241 36
Total Pre-Tax Income
187 172 58 167 212 265 114 171 51 330 65
Total Operating Income
163 265 124 189 212 354 119 207 143 214 168
Total Gross Profit
698 727 678 714 741 868 703 724 776 772 693
Total Revenue
1,497 1,488 1,399 1,564 1,586 1,748 1,494 1,554 1,630 1,666 1,484
Operating Revenue
1,497 1,488 1,399 1,564 1,586 1,748 1,494 1,554 1,630 1,666 1,484
Total Cost of Revenue
799 761 721 850 845 880 791 830 854 894 791
Operating Cost of Revenue
799 761 721 850 845 880 791 830 854 894 791
Total Operating Expenses
535 503 554 525 529 531 598 518 633 558 525
Selling, General & Admin Expense
470 440 452 461 473 476 446 462 495 474 450
Amortization Expense
65 63 61 64 57 55 57 55 57 57 62
Restructuring Charge
- - 41 0.00 - 0.00 95 1.00 - 27 13
Total Other Income / (Expense), net
24 -52 -66 -22 - -72 9.00 -35 -92 116 -103
Interest & Investment Income
-31 -32 -35 -38 -36 -39 -42 -40 -40 -37 -39
Other Income / (Expense), net
55 -20 -31 20 36 -33 51 5.00 -52 153 -64
Income Tax Expense
37 48 21 43 58 72 18 30 3.00 89 29
Net Income / (Loss) Attributable to Noncontrolling Interest
2.00 2.00 3.00 2.00 2.00 34 0.00 2.00 7.00 5.00 0.00
Basic Earnings per Share
$0.56 $0.46 $0.12 $0.46 $0.60 $0.60 $0.36 $0.54 $0.16 $0.90 $0.14
Weighted Average Basic Shares Outstanding
514.71M 515.07M 515.91M 515.94M 515.72M 516.46M 517.84M 517.88M 517.52M 518.43M 520.32M
Diluted Earnings per Share
$0.56 $0.46 $0.12 $0.46 $0.60 $0.60 $0.36 $0.54 $0.16 $0.90 $0.14
Weighted Average Diluted Shares Outstanding
514.71M 515.07M 515.91M 515.94M 515.72M 516.46M 517.84M 517.88M 517.52M 518.43M 520.32M
Weighted Average Basic & Diluted Shares Outstanding
514.85M 515.94M 515.97M 515.99M 516.00M 517.88M 517.91M 517.92M 517.99M 520.36M 521.27M
Cash Dividends to Common per Share
- $0.16 $0.16 $0.16 - $0.17 $0.17 $0.17 - $0.18 $0.18

Annual Cash Flow Statements for Warner Music Group

This table details how cash moves in and out of Warner Music Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Change in Cash & Equivalents
89 118 281 -125 105 -66 -54 85 57 53
Net Cash From Operating Activities
222 342 535 425 400 463 638 742 687 754
Net Cash From Continuing Operating Activities
222 342 535 425 400 463 638 742 687 754
Net Income / (Loss) Continuing Operations
-88 30 149 312 258 -470 307 555 439 478
Consolidated Net Income / (Loss)
- 30 - 312 258 -470 307 - 439 478
Depreciation Expense
309 293 251 261 269 261 306 339 332 327
Amortization Expense
11 11 8.00 6.00 6.00 5.00 5.00 6.00 2.00 6.00
Non-Cash Adjustments To Reconcile Net Income
-15 8.00 163 -299 9.00 691 74 -84 46 139
Changes in Operating Assets and Liabilities, net
5.00 0.00 -36 145 -142 -24 -54 -74 -132 -196
Net Cash From Investing Activities
-95 -8.00 -126 405 -376 -219 -638 -824 -300 -311
Net Cash From Continuing Investing Activities
-95 -8.00 -126 405 -376 -219 -638 -824 -300 -311
Purchase of Property, Plant & Equipment
-63 -42 -44 -74 -104 -85 -93 -135 -127 -116
Acquisitions
-32 -53 -155 -37 -272 -134 -545 -700 -240 -227
Divestitures
0.00 45 73 516 - 0.00 0.00 11 67 32
Net Cash From Financing Activities
-19 -216 -128 -955 88 -316 -61 188 -325 -396
Net Cash From Continuing Financing Activities
-19 -216 -128 -955 88 -316 -61 188 -325 -396
Repayment of Debt
-274 -511 -664 -647 -329 -1,415 -882 -10 -5.00 -106
Payment of Dividends
-3.00 -5.00 -89 -930 -97 -351 -272 -324 -352 -369
Issuance of Debt
258 300 652 645 514 1,450 1,093 535 165 104
Other Financing Activities, net
- - -27 -23 - 0.00 0.00 -13 -133 -25
Effect of Exchange Rate Changes
-19 - - - - - 7.00 -21 -5.00 6.00

Quarterly Cash Flow Statements for Warner Music Group

This table details how cash moves in and out of Warner Music Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents
239 136 -119 -1.00 41 113 -167 20 87 108 -165
Net Cash From Operating Activities
406 209 -6.00 146 338 293 -31 188 304 332 69
Net Cash From Continuing Operating Activities
406 209 -6.00 146 338 293 -31 188 304 332 69
Net Income / (Loss) Continuing Operations
150 124 37 124 154 193 96 141 48 241 36
Consolidated Net Income / (Loss)
- 124 - - - 193 - - - 241 36
Depreciation Expense
82 84 83 86 79 81 83 80 83 86 90
Amortization Expense
2.00 2.00 1.00 -1.00 - 0.00 2.00 3.00 1.00 2.00 1.00
Non-Cash Adjustments To Reconcile Net Income
-45 52 37 -18 -25 50 -3.00 1.00 91 -109 101
Changes in Operating Assets and Liabilities, net
217 -53 -164 -45 130 -31 -209 -37 81 112 -159
Net Cash From Investing Activities
-61 -10 -41 -53 -196 -92 -33 -76 -110 -81 -121
Net Cash From Continuing Investing Activities
-61 -10 -41 -53 -196 -92 -33 -76 -110 -81 -121
Purchase of Property, Plant & Equipment
-38 -21 -35 -33 -38 -29 -26 -28 -33 -36 -36
Acquisitions
-23 -41 -18 -20 -161 -76 -23 -50 -78 -81 -85
Net Cash From Financing Activities
-92 -70 -73 -90 -92 -93 -97 -90 -116 -127 -121
Net Cash From Continuing Financing Activities
-92 -70 -73 -90 -92 -93 -97 -90 -116 -127 -121
Repayment of Debt
-5.00 -2.00 - -1.00 -2.00 0.00 -44 - -62 -5.00 -2.00
Payment of Dividends
-84 -90 -84 -88 -90 -93 -90 -90 -96 -101 -96
Other Financing Activities, net
-3.00 -125 -8.00 - - 0.00 -5.00 - -20 -19 -23
Effect of Exchange Rate Changes
-14 7.00 - - - 5.00 - - - -16 8.00

Annual Balance Sheets for Warner Music Group

This table presents Warner Music Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Total Assets
5,621 5,335 5,718 5,344 6,017 6,410 7,211 7,828 8,545 9,155
Total Current Assets
827 908 1,275 1,176 1,691 1,678 1,896 2,139 2,402 2,643
Cash & Equivalents
246 359 647 514 619 553 499 584 641 694
Accounts Receivable
349 329 404 447 775 771 839 984 1,120 1,255
Inventories, net
42 41 39 42 74 79 99 108 126 99
Prepaid Expenses
60 51 44 50 53 55 86 91 102 125
Other Current Assets
130 128 141 123 170 220 373 372 413 470
Plant, Property, & Equipment, net
220 203 213 229 300 331 364 415 458 481
Total Noncurrent Assets
4,574 4,224 4,230 3,939 4,026 4,401 4,951 5,274 5,685 6,031
Goodwill
1,632 1,627 1,685 1,692 1,761 1,831 1,830 1,920 1,993 2,021
Intangible Assets
2,633 2,317 2,207 2,005 1,874 1,807 2,171 2,384 2,502 2,511
Noncurrent Deferred & Refundable Income Taxes
- 2.00 97 11 38 68 31 29 32 52
Other Noncurrent Operating Assets
309 278 241 231 353 695 919 941 1,158 1,447
Total Liabilities & Shareholders' Equity
5,621 5,335 5,718 5,344 6,017 6,410 7,211 7,828 8,545 9,155
Total Liabilities
5,382 5,125 5,410 5,664 6,286 6,455 7,165 7,660 8,115 8,480
Total Current Liabilities
1,857 1,842 2,100 2,373 2,819 2,720 3,150 3,368 3,539 3,897
Accounts Payable
173 204 208 281 260 264 302 268 300 289
Accrued Expenses
1,383 1,401 1,628 1,819 2,059 2,010 2,341 2,375 2,752 3,190
Current Deferred Revenue
206 178 197 208 180 297 348 423 371 246
Other Current Liabilities
24 21 26 34 286 119 145 285 98 155
Other Current Nonoperating Liabilities
58 38 41 31 34 30 14 17 18 17
Total Noncurrent Liabilities
3,525 3,283 3,310 3,291 3,467 3,735 4,015 4,292 4,576 4,583
Long-Term Debt
2,981 2,778 2,811 2,819 2,974 3,104 3,346 3,732 3,964 4,014
Noncurrent Deferred & Payable Income Tax Liabilities
302 269 190 165 172 163 207 220 216 195
Other Noncurrent Operating Liabilities
242 236 309 307 321 468 462 340 396 374
Total Equity & Noncontrolling Interests
239 210 308 -320 -269 -45 46 168 430 675
Total Preferred & Common Equity
221 195 293 -334 -289 -63 31 152 307 518
Total Common Equity
221 195 293 -334 -289 -63 31 152 307 518
Common Stock
1,128 1,128 1,128 1,128 1,128 1,908 1,943 1,976 2,016 2,078
Retained Earnings
-740 -715 -654 -1,272 -1,177 -1,749 -1,710 -1,477 -1,387 -1,313
Accumulated Other Comprehensive Income / (Loss)
-167 -218 -181 -190 -240 -222 -202 -347 -322 -247
Noncontrolling Interest
18 15 15 14 20 18 15 16 123 157

Quarterly Balance Sheets for Warner Music Group

This table presents Warner Music Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 6/30/2022 12/31/2022 3/31/2023 6/30/2023 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025
Total Assets
7,699 8,129 8,010 8,150 8,991 8,731 8,830 9,146 9,568
Total Current Assets
1,901 2,340 2,212 2,317 2,616 2,450 2,483 2,716 2,599
Cash & Equivalents
345 720 601 600 754 587 607 802 637
Accounts Receivable
970 1,004 1,017 1,113 1,195 1,197 1,222 1,201 1,218
Inventories, net
93 102 114 116 106 97 92 84 88
Prepaid Expenses
84 109 109 98 108 113 112 156 147
Other Current Assets
409 405 371 390 453 456 450 473 509
Plant, Property, & Equipment, net
403 430 440 454 466 462 464 491 503
Total Noncurrent Assets
5,395 5,359 5,358 5,379 5,909 5,819 5,883 5,939 6,466
Goodwill
1,932 1,951 1,960 1,962 2,015 2,007 2,003 2,013 2,031
Intangible Assets
2,494 2,415 2,382 2,345 2,541 2,468 2,459 2,478 2,915
Noncurrent Deferred & Refundable Income Taxes
22 29 28 27 31 30 29 40 41
Other Noncurrent Operating Assets
947 964 988 1,045 1,322 1,314 1,392 1,408 1,479
Total Liabilities & Shareholders' Equity
7,699 8,129 8,010 8,150 8,991 8,731 8,830 9,146 9,568
Total Liabilities
7,527 7,847 7,744 7,851 8,375 8,146 8,195 8,449 8,778
Total Current Liabilities
3,123 3,341 3,187 3,290 3,745 3,533 3,573 3,923 3,916
Accounts Payable
265 220 282 249 246 306 200 189 347
Accrued Expenses
2,366 2,568 2,468 2,661 2,998 2,874 3,081 3,192 3,075
Current Deferred Revenue
197 327 311 226 305 234 168 312 319
Other Current Liabilities
266 197 109 125 167 101 95 188 140
Other Current Nonoperating Liabilities
29 29 17 29 29 18 29 42 35
Total Noncurrent Liabilities
4,404 4,506 4,557 4,561 4,630 4,613 4,622 4,526 4,862
Long-Term Debt
3,785 3,946 3,986 3,988 4,004 3,984 3,978 3,955 4,292
Noncurrent Deferred & Payable Income Tax Liabilities
241 223 220 205 223 236 251 209 214
Other Noncurrent Operating Liabilities
378 337 351 368 403 393 393 362 356
Total Equity & Noncontrolling Interests
172 282 266 299 616 585 635 697 790
Total Preferred & Common Equity
156 270 252 281 463 433 483 545 567
Total Common Equity
156 270 252 281 463 433 483 545 567
Common Stock
1,976 1,985 2,001 2,008 2,040 2,044 2,054 2,092 2,089
Retained Earnings
-1,542 -1,439 -1,488 -1,450 -1,317 -1,310 -1,260 -1,171 -1,230
Accumulated Other Comprehensive Income / (Loss)
-278 -276 -261 -277 -260 -301 -311 -376 -292
Noncontrolling Interest
16 12 14 18 153 152 152 152 223

Annual Metrics And Ratios for Warner Music Group

This table displays calculated financial ratios and metrics derived from Warner Music Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.00% 0.00% 0.00% 0.00% 11.74% -0.27% 18.78% 11.66% 1.99% 6.44%
EBITDA Growth
-4.19% -5.00% -14.80% 239.00% -21.30% -102.89% 4,655.00% 32.82% -6.69% -0.18%
EBIT Growth
0.00% 0.00% 0.00% 0.00% -31.91% -168.75% 309.79% 44.17% -8.09% -0.13%
NOPAT Growth
0.00% 0.00% 0.00% 0.00% 124.58% -146.60% 355.77% 30.61% 6.34% 14.94%
Net Income Growth
0.00% 0.00% 0.00% 0.00% -16.61% -283.59% 164.68% 81.25% -20.33% 8.88%
EPS Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -22.64% 1.22%
Operating Cash Flow Growth
70.77% 54.05% 56.43% -20.56% -5.88% 15.75% 37.80% 16.30% -7.41% 9.75%
Free Cash Flow Firm Growth
34.30% 35.97% -59.26% 322.19% -63.09% -340.13% 106.77% 180.72% 20.07% 214.56%
Invested Capital Growth
-8.37% -12.41% -5.77% -19.78% 5.16% 19.62% 14.63% 14.65% 13.14% 6.39%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 4.95% 2.09% 1.50% 0.69%
EBITDA Q/Q Growth
-1.84% -2.56% -3.00% 221.61% -54.21% -25.00% 7.18% 12.04% 2.26% -11.88%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 0.00% -78.75% -1.78% 8.70% 17.21% 3.92% -16.51%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 0.00% -8.25% 20.49% -5.14% 14.40% 3.18% -4.25%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% -22.72% 8.96% 27.55% 1.62% -18.15%
EPS Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
7.25% 9.97% 20.50% -13.44% -2.20% 5.71% 8.87% 31.56% -9.01% -4.31%
Free Cash Flow Firm Q/Q Growth
4.91% 22.33% -41.00% 41.34% 0.00% -128.40% 126.04% 189.81% -72.43% 13.42%
Invested Capital Q/Q Growth
-3.30% -6.09% -2.56% -4.86% -54.89% 2.71% -4.72% -8.46% 1.48% -0.57%
Profitability Metrics
- - - - - - - - - -
Gross Margin
0.00% 0.00% 0.00% 45.79% 46.35% 47.73% 48.27% 47.96% 47.37% 47.79%
EBITDA Margin
0.00% 0.00% 0.00% 21.92% 15.44% -0.45% 17.19% 20.44% 18.70% 17.54%
Operating Margin
0.00% 0.00% 0.00% 5.42% 7.96% -5.13% 11.49% 12.06% 13.09% 12.81%
EBIT Margin
0.00% 0.00% 0.00% 15.26% 9.30% -6.41% 11.32% 14.61% 13.17% 12.36%
Profit (Net Income) Margin
0.00% 0.00% 0.00% 7.67% 5.72% -10.53% 5.73% 9.31% 7.27% 7.44%
Tax Burden Percent
0.00% 0.00% 0.00% 69.46% 95.88% 105.15% 66.67% 74.46% 72.09% 79.53%
Interest Burden Percent
0.00% 0.00% 0.00% 72.34% 64.18% 156.29% 76.00% 85.55% 76.60% 75.69%
Effective Tax Rate
0.00% 0.00% 0.00% 29.41% 3.37% 0.00% 32.68% 25.00% 27.91% 20.47%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 6.76% 16.63% -6.89% 15.07% 17.16% 16.03% 16.82%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 13.54% 12.91% -19.35% 11.17% 17.68% 12.02% 11.53%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% -5,123.43% -103.56% 306.25% 60,784.93% 497.79% 130.79% 69.70%
Return on Equity (ROE)
0.00% 0.00% 0.00% -5,116.67% -86.93% 299.36% 60,800.00% 514.95% 146.82% 86.52%
Cash Return on Invested Capital (CROIC)
8.73% 13.24% 5.95% 28.71% 11.61% -24.76% 1.43% 3.51% 3.70% 10.63%
Operating Return on Assets (OROA)
0.00% 0.00% 0.00% 11.05% 7.32% -4.60% 8.81% 11.50% 9.71% 8.97%
Return on Assets (ROA)
0.00% 0.00% 0.00% 5.55% 4.51% -7.56% 4.46% 7.33% 5.36% 5.40%
Return on Common Equity (ROCE)
0.00% 0.00% 0.00% -17,481.94% -91.94% 335.59% -1,945,600.00% 440.36% 112.70% 64.59%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 0.00% -91.92% -88.58% 746.03% 980.65% 362.50% 143.00% 92.28%
Net Operating Profit after Tax (NOPAT)
0.00 0.00 0.00 153 344 -160 410 536 569 655
NOPAT Margin
0.00% 0.00% 0.00% 3.82% 7.69% -3.59% 7.73% 9.05% 9.43% 10.19%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% -6.77% 3.72% 12.46% 3.90% -0.51% 4.01% 5.29%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 54.21% 53.65% 52.27% 51.73% 52.04% 52.63% 52.21%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 35.23% 33.74% 48.60% 32.47% 31.46% 30.25% 29.24%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
0.00% 0.00% 0.00% 40.37% 38.39% 52.86% 36.79% 35.90% 34.97% 35.48%
Earnings before Interest and Taxes (EBIT)
0.00 0.00 0.00 611 416 -286 600 865 795 794
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
320 304 259 878 691 -20 911 1,210 1,129 1,127
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 670.62 74.84 51.36 31.13
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.00 0.00 0.00 0.00 0.00 3.06 3.92 1.92 2.61 2.51
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 69.07 20.80 36.67 37.07
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.45% 1.26% 2.76% 2.13% 2.22%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.45% 4.81% 2.73% 2.70%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 6.40 8.14 4.36 5.10 4.89
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.00 3.63 4.46 2.46 3.18 3.05
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 25.96 12.02 17.02 17.39
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 39.42 16.81 24.17 24.69
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 57.68 27.15 33.74 29.94
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 35.04 37.07 19.59 27.97 26.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 606.34 132.78 146.15 47.39
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
12.53 13.23 9.13 -8.81 -11.06 -68.98 72.74 22.21 9.22 5.95
Long-Term Debt to Equity
12.47 26.46 9.13 -8.81 -11.06 -68.98 72.74 22.21 9.22 5.95
Financial Leverage
9.12 11.72 9.00 -378.42 -8.02 -15.83 5,442.00 28.16 10.88 6.04
Leverage Ratio
18.40 48.80 21.34 -921.83 -19.29 -39.58 13,621.00 70.28 27.38 16.02
Compound Leverage Factor
0.00 0.00 0.00 -666.86 -12.38 -61.86 10,351.96 60.12 20.97 12.12
Debt to Total Capital
92.61% 185.94% 90.13% 112.81% 109.94% 101.47% 98.64% 95.69% 90.21% 85.60%
Short-Term Debt to Total Capital
0.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
92.21% 185.94% 90.13% 112.81% 109.94% 101.47% 98.64% 95.69% 90.21% 85.60%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.56% 1.00% 0.48% 0.56% 0.74% 0.59% 0.44% 0.41% 2.80% 3.35%
Common Equity to Total Capital
6.84% 6.53% 9.39% -13.37% -10.68% -2.06% 0.91% 3.90% 6.99% 11.05%
Debt to EBITDA
9.36 18.28 10.85 3.21 4.30 -155.20 3.67 3.08 3.51 3.56
Net Debt to EBITDA
8.59 15.91 8.36 2.63 3.41 -127.55 3.13 2.60 2.94 2.95
Long-Term Debt to EBITDA
9.32 18.28 10.85 3.21 4.30 -155.20 3.67 3.08 3.51 3.56
Debt to NOPAT
0.00 0.00 0.00 18.40 8.65 -19.36 8.16 6.97 6.96 6.13
Net Debt to NOPAT
0.00 0.00 0.00 15.05 6.85 -15.91 6.94 5.88 5.84 5.07
Long-Term Debt to NOPAT
0.00 0.00 0.00 18.40 8.65 -19.36 8.16 6.97 6.96 6.13
Altman Z-Score
0.00 0.00 0.00 0.00 0.00 1.24 2.21 1.56 1.79 1.76
Noncontrolling Interest Sharing Ratio
5.88% 14.70% 5.79% -241.67% -5.77% -12.10% 3,300.00% 14.49% 23.24% 25.34%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.45 0.99 0.61 0.50 0.60 0.62 0.60 0.64 0.68 0.68
Quick Ratio
0.32 0.37 0.50 0.41 0.49 0.49 0.42 0.47 0.50 0.50
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
278 378 154 650 240 -576 39 110 131 414
Operating Cash Flow to CapEx
352.38% 0.00% 1,215.91% 574.32% 384.62% 544.71% 686.02% 549.63% 540.94% 650.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 20.97 34.29 -16.95 1.77 0.00 32.87 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 13.71 57.14 13.62 29.00 0.00 171.75 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 11.32 42.29 11.12 24.77 0.00 140.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.00 0.00 0.00 0.72 0.79 0.72 0.78 0.79 0.74 0.73
Accounts Receivable Turnover
0.00 0.00 0.00 9.41 7.32 5.77 6.59 6.49 5.74 5.41
Inventory Turnover
0.00 0.00 0.00 53.60 41.40 30.50 30.81 29.76 27.15 29.82
Fixed Asset Turnover
0.00 0.00 0.00 18.12 16.92 14.15 15.25 15.20 13.83 13.69
Accounts Payable Turnover
0.00 0.00 0.00 8.88 8.88 8.90 9.69 10.81 11.19 11.39
Days Sales Outstanding (DSO)
0.00 0.00 0.00 38.78 49.84 63.22 55.43 56.21 63.60 67.45
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 6.81 8.82 11.97 11.85 12.27 13.44 12.24
Days Payable Outstanding (DPO)
0.00 0.00 0.00 41.11 41.12 40.99 37.67 33.77 32.63 32.04
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 4.48 17.53 34.20 29.60 34.70 44.42 47.65
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
3,045 2,667 2,513 2,016 2,120 2,536 2,907 3,333 3,771 4,012
Invested Capital Turnover
0.00 0.00 0.00 1.77 2.16 1.92 1.95 1.90 1.70 1.65
Increase / (Decrease) in Invested Capital
-278 -378 -154 -497 104 416 371 426 438 241
Enterprise Value (EV)
0.00 0.00 0.00 0.00 0.00 16,222 23,651 14,539 19,215 19,600
Market Capitalization
0.00 0.00 0.00 0.00 0.00 13,653 20,789 11,375 15,769 16,123
Book Value per Share
$209,478.67 $184,834.12 $277,725.12 ($317,490.49) ($272,641.51) ($0.12) $0.06 $0.30 $0.60 $1.00
Tangible Book Value per Share
($3,833,175.36) ($3,553,554.50) ($3,411,374.41) ($3,831,749.05) ($3,701,886.79) ($7.26) ($7.72) ($8.06) ($8.12) ($7.75)
Total Capital
3,233 2,988 3,119 2,499 2,705 3,059 3,392 3,900 4,394 4,689
Total Debt
2,994 2,778 2,811 2,819 2,974 3,104 3,346 3,732 3,964 4,014
Total Long-Term Debt
2,981 2,778 2,811 2,819 2,974 3,104 3,346 3,732 3,964 4,014
Net Debt
2,748 2,419 2,164 2,305 2,355 2,551 2,847 3,148 3,323 3,320
Capital Expenditures (CapEx)
63 0.00 44 74 104 85 93 135 127 116
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,263 -1,293 -1,472 -1,711 -1,747 -1,595 -1,753 -1,813 -1,778 -1,948
Debt-free Net Working Capital (DFNWC)
-1,017 -934 -825 -1,197 -1,128 -1,042 -1,254 -1,229 -1,137 -1,254
Net Working Capital (NWC)
-1,030 -934 -825 -1,197 -1,128 -1,042 -1,254 -1,229 -1,137 -1,254
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 -154 88 310 106 -16 130 177
Net Nonoperating Obligations (NNO)
2,806 2,457 2,205 2,336 2,389 2,581 2,861 3,165 3,341 3,337
Total Depreciation and Amortization (D&A)
320 304 259 267 275 266 311 345 334 333
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00% 0.00% -42.72% -39.04% -35.74% -33.07% -30.63% -29.45% -30.31%
Debt-free Net Working Capital to Revenue
0.00% 0.00% 0.00% -29.89% -25.21% -23.35% -23.66% -20.76% -18.83% -19.51%
Net Working Capital to Revenue
0.00% 0.00% 0.00% -29.89% -25.21% -23.35% -23.66% -20.76% -18.83% -19.51%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.66
Adjusted Weighted Average Basic Shares Outstanding
1.06K 1.06K 1.06K 1.05K 1.06K 510.03M 513.47M 514.71M 515.72M 517.52M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.66
Adjusted Weighted Average Diluted Shares Outstanding
1.06K 1.06K 1.06K 1.05K 1.06K 510.03M 513.47M 514.71M 515.72M 517.52M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.06K 1.06K 1.06K 1.05K 1.06K 510.03M 514.54M 514.85M 516.00M 517.99M
Normalized Net Operating Profit after Tax (NOPAT)
0.00 0.00 0.00 153 344 -160 410 536 598 795
Normalized NOPAT Margin
0.00% 0.00% 0.00% 3.82% 7.69% -3.59% 7.73% 9.05% 9.91% 12.38%
Pre Tax Income Margin
0.00% 0.00% 0.00% 11.04% 5.97% -10.02% 8.60% 12.50% 10.09% 9.35%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 19.71 59.43 -8.41 27.27 0.00 198.75 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 4.94 49.14 -4.71 18.64 0.00 142.37 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 17.32 44.57 -10.91 23.05 0.00 167.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 2.55 34.29 -7.21 14.41 0.00 110.62 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 302.93% 37.89% -74.68% 89.47% 58.80% 80.18% 77.20%
Augmented Payout Ratio
0.00% 0.00% 0.00% 302.93% 37.89% -74.68% 89.47% 58.80% 80.18% 77.20%

Quarterly Metrics And Ratios for Warner Music Group

This table displays calculated financial ratios and metrics derived from Warner Music Group's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
8.79% -7.81% 1.67% 9.22% 5.95% 17.47% 6.79% -0.64% 2.77% -4.69% -0.67%
EBITDA Growth
75.58% -11.73% -28.92% 3.52% 8.28% 21.45% 44.07% 0.34% -46.48% 13.18% -23.53%
EBIT Growth
139.56% -16.38% -41.14% 6.63% 13.76% 31.02% 82.80% 1.44% -63.31% 14.33% -38.82%
NOPAT Growth
126.63% 11.83% -34.74% 26.11% 17.78% 34.95% 26.68% 21.63% -12.61% -39.38% -7.15%
Net Income Growth
425.00% -34.04% -59.78% 0.00% 4.76% 55.65% 159.46% 13.71% -68.83% 24.87% -62.50%
EPS Growth
0.00% -36.11% -66.67% -4.17% 7.14% 30.43% 200.00% 17.39% -73.33% 50.00% -61.11%
Operating Cash Flow Growth
78.07% 62.02% -113.64% -10.43% -16.75% 40.19% -416.67% 28.77% -10.06% 13.31% 322.58%
Free Cash Flow Firm Growth
5.76% 146.92% 107.15% 113.65% 3.81% -139.75% -602.76% -327.01% 62.53% 259.00% -66.94%
Invested Capital Growth
14.65% -1.70% 0.91% 2.06% 13.14% 10.12% 9.05% 8.58% 6.39% -0.08% 12.00%
Revenue Q/Q Growth
4.54% -0.60% -5.98% 11.79% 1.41% 10.21% -14.53% 4.02% 4.89% 2.21% -10.92%
EBITDA Q/Q Growth
6.34% 9.60% -46.53% 66.10% 11.22% 22.94% -36.57% 15.69% -40.68% 160.00% -57.14%
EBIT Q/Q Growth
11.22% 12.39% -62.04% 124.73% 18.66% 29.44% -47.04% 24.71% -57.08% 303.30% -71.66%
NOPAT Q/Q Growth
17.49% 46.12% -58.59% 77.41% 9.74% 67.41% -61.13% 70.33% -21.15% 16.12% -40.46%
Net Income Q/Q Growth
18.55% -15.65% -70.16% 235.14% 24.19% 25.32% -50.26% 46.88% -65.96% 402.08% -85.06%
EPS Q/Q Growth
16.67% 0.00% -73.91% 283.33% 30.43% 0.00% -40.00% 50.00% -70.37% 462.50% -84.44%
Operating Cash Flow Q/Q Growth
149.08% -48.52% -102.87% 2,533.33% 131.51% -13.31% -110.58% 706.45% 61.70% 9.21% -79.22%
Free Cash Flow Firm Q/Q Growth
38.32% 185.37% -81.71% 41.71% -534.68% 64.73% -131.37% 36.01% 28.25% 249.69% -342.93%
Invested Capital Q/Q Growth
-8.46% 6.12% 3.70% 1.31% 1.48% 3.29% 2.70% 0.88% -0.57% -2.99% 15.11%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
46.63% 48.86% 48.46% 45.65% 46.72% 49.66% 47.05% 46.59% 47.61% 46.34% 46.70%
EBITDA Margin
20.17% 22.24% 12.65% 18.80% 20.62% 23.00% 17.07% 18.98% 10.74% 27.31% 13.14%
Operating Margin
10.89% 17.81% 8.86% 12.08% 13.37% 20.25% 7.97% 13.32% 8.77% 12.85% 11.32%
EBIT Margin
14.56% 16.47% 6.65% 13.36% 15.64% 18.36% 11.38% 13.64% 5.58% 22.03% 7.01%
Profit (Net Income) Margin
9.82% 8.33% 2.64% 7.93% 9.71% 11.04% 6.43% 9.07% 2.94% 14.47% 2.43%
Tax Burden Percent
78.61% 72.09% 63.79% 74.25% 72.64% 72.83% 84.21% 82.46% 94.12% 73.03% 55.38%
Interest Burden Percent
85.78% 70.20% 62.37% 79.90% 85.48% 82.55% 67.06% 80.66% 56.04% 89.92% 62.50%
Effective Tax Rate
19.79% 27.91% 36.21% 25.75% 27.36% 27.17% 15.79% 17.54% 5.88% 26.97% 44.62%
Return on Invested Capital (ROIC)
16.57% 20.85% 9.01% 14.51% 16.50% 24.99% 11.18% 18.09% 13.63% 15.29% 9.37%
ROIC Less NNEP Spread (ROIC-NNEP)
17.11% 18.84% 7.78% 14.03% 16.50% 23.01% 11.06% 17.22% 11.04% 17.90% 7.76%
Return on Net Nonoperating Assets (RNNOA)
481.77% 277.27% 121.63% 205.18% 179.55% 167.42% 88.59% 125.66% 66.73% 88.27% 40.10%
Return on Equity (ROE)
498.34% 298.12% 130.64% 219.69% 196.05% 192.42% 99.77% 143.74% 80.36% 103.55% 49.47%
Cash Return on Invested Capital (CROIC)
3.51% 17.40% 13.44% 12.97% 3.70% 7.48% 8.39% 9.41% 10.63% 13.93% 1.72%
Operating Return on Assets (OROA)
11.46% 11.82% 4.90% 10.03% 11.53% 13.51% 8.69% 10.26% 4.05% 15.41% 4.85%
Return on Assets (ROA)
7.73% 5.98% 1.95% 5.95% 7.16% 8.12% 4.91% 6.82% 2.14% 10.12% 1.68%
Return on Common Equity (ROCE)
426.15% 277.76% 120.82% 203.83% 150.48% 157.06% 80.31% 117.58% 60.00% 79.50% 35.98%
Return on Equity Simple (ROE_SIMPLE)
0.00% 180.37% 171.43% 153.74% 0.00% 109.72% 130.95% 120.91% 0.00% 96.51% 82.19%
Net Operating Profit after Tax (NOPAT)
131 191 79 140 154 258 100 171 135 156 93
NOPAT Margin
8.73% 12.84% 5.65% 8.97% 9.71% 14.75% 6.71% 10.98% 8.26% 9.38% 6.27%
Net Nonoperating Expense Percent (NNEP)
-0.54% 2.01% 1.23% 0.47% 0.00% 1.98% 0.12% 0.87% 2.59% -2.62% 1.61%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - 5.58% - - - 3.36% 1.83%
Cost of Revenue to Revenue
53.37% 51.14% 51.54% 54.35% 53.28% 50.34% 52.95% 53.41% 52.39% 53.66% 53.30%
SG&A Expenses to Revenue
31.40% 29.57% 32.31% 29.48% 29.82% 27.23% 29.85% 29.73% 30.37% 28.45% 30.32%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
35.74% 33.80% 39.60% 33.57% 33.35% 30.38% 40.03% 33.33% 38.83% 33.49% 35.38%
Earnings before Interest and Taxes (EBIT)
218 245 93 209 248 321 170 212 91 367 104
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
302 331 177 294 327 402 255 295 175 455 195
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
74.84 64.69 66.50 46.92 51.36 39.03 39.28 32.87 31.13 29.46 28.77
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.92 3.02 2.88 2.22 2.61 2.87 2.66 2.49 2.51 2.53 2.58
Price to Earnings (P/E)
20.80 36.24 39.52 31.17 36.67 38.69 32.15 29.07 37.07 31.36 36.09
Dividend Yield
2.76% 1.83% 1.94% 2.50% 2.13% 1.88% 2.04% 2.22% 2.22% 2.26% 2.26%
Earnings Yield
4.81% 2.76% 2.53% 3.21% 2.73% 2.58% 3.11% 3.44% 2.70% 3.19% 2.77%
Enterprise Value to Invested Capital (EV/IC)
4.36 5.85 5.50 4.46 5.10 5.51 5.14 4.81 4.89 4.98 4.51
Enterprise Value to Revenue (EV/Rev)
2.46 3.57 3.47 2.79 3.18 3.41 3.22 3.04 3.05 3.05 3.19
Enterprise Value to EBITDA (EV/EBITDA)
12.02 17.76 18.42 15.03 17.02 17.89 16.09 15.17 17.39 16.41 18.03
Enterprise Value to EBIT (EV/EBIT)
16.81 25.34 26.80 21.69 24.17 24.65 21.69 20.40 24.69 23.05 26.09
Enterprise Value to NOPAT (EV/NOPAT)
27.15 36.98 38.48 30.06 33.74 33.76 31.44 28.37 29.94 35.90 36.52
Enterprise Value to Operating Cash Flow (EV/OCF)
19.59 25.19 26.11 21.97 27.97 27.85 27.56 24.62 26.00 24.42 22.61
Enterprise Value to Free Cash Flow (EV/FCFF)
132.78 33.35 41.07 34.79 146.15 77.22 63.89 53.20 47.39 35.70 277.14
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
22.21 13.99 14.99 13.34 9.22 6.50 6.81 6.26 5.95 5.67 5.43
Long-Term Debt to Equity
22.21 13.99 14.99 13.34 9.22 6.50 6.81 6.26 5.95 5.67 5.43
Financial Leverage
28.16 14.72 15.64 14.62 10.88 7.28 8.01 7.30 6.04 4.93 5.17
Leverage Ratio
70.28 35.56 35.97 33.65 27.38 19.06 19.67 18.18 16.02 13.81 13.31
Compound Leverage Factor
60.28 24.96 22.43 26.89 23.41 15.74 13.19 14.66 8.98 12.42 8.32
Debt to Total Capital
95.69% 93.33% 93.74% 93.03% 90.21% 86.67% 87.20% 86.23% 85.60% 85.02% 84.45%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
95.69% 93.33% 93.74% 93.03% 90.21% 86.67% 87.20% 86.23% 85.60% 85.02% 84.45%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.41% 0.28% 0.33% 0.42% 2.80% 3.31% 3.33% 3.30% 3.35% 3.27% 4.39%
Common Equity to Total Capital
3.90% 6.39% 5.93% 6.55% 6.99% 10.02% 9.48% 10.47% 11.05% 11.72% 11.16%
Debt to EBITDA
3.08 3.38 3.64 3.61 3.51 3.34 3.12 3.11 3.56 3.35 3.83
Net Debt to EBITDA
2.60 2.77 3.09 3.07 2.94 2.71 2.66 2.64 2.95 2.67 3.26
Long-Term Debt to EBITDA
3.08 3.38 3.64 3.61 3.51 3.34 3.12 3.11 3.56 3.35 3.83
Debt to NOPAT
6.97 7.05 7.61 7.23 6.96 6.29 6.09 5.82 6.13 7.33 7.76
Net Debt to NOPAT
5.88 5.76 6.46 6.14 5.84 5.11 5.20 4.93 5.07 5.85 6.61
Long-Term Debt to NOPAT
6.97 7.05 7.61 7.23 6.96 6.29 6.09 5.82 6.13 7.33 7.76
Altman Z-Score
1.29 1.75 1.66 1.43 1.58 1.76 1.69 1.62 1.51 1.63 1.47
Noncontrolling Interest Sharing Ratio
14.49% 6.83% 7.52% 7.22% 23.24% 18.37% 19.51% 18.20% 25.34% 23.23% 27.27%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.64 0.70 0.69 0.70 0.68 0.70 0.69 0.69 0.68 0.69 0.66
Quick Ratio
0.47 0.52 0.51 0.52 0.50 0.52 0.51 0.51 0.50 0.51 0.47
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-295 252 46 65 -284 -100 -232 -148 -106 159 -387
Operating Cash Flow to CapEx
1,068.42% 995.24% -17.14% 442.42% 889.47% 1,010.34% -119.23% 671.43% 921.21% 922.22% 191.67%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 16.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 36.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 28.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.79 0.72 0.74 0.75 0.74 0.74 0.76 0.75 0.73 0.70 0.69
Accounts Receivable Turnover
6.49 5.96 6.02 5.71 5.74 5.73 5.77 5.47 5.41 5.30 5.25
Inventory Turnover
29.76 32.51 29.30 29.96 27.15 31.69 31.91 32.17 29.82 35.46 36.42
Fixed Asset Turnover
15.20 14.34 14.08 13.88 13.83 14.06 14.17 13.90 13.69 13.26 13.13
Accounts Payable Turnover
10.81 12.24 10.12 12.18 11.19 14.15 11.45 14.90 11.39 15.49 10.32
Days Sales Outstanding (DSO)
56.21 61.27 60.59 63.91 63.60 63.73 63.21 66.77 67.45 68.93 69.58
Days Inventory Outstanding (DIO)
12.27 11.23 12.46 12.18 13.44 11.52 11.44 11.34 12.24 10.29 10.02
Days Payable Outstanding (DPO)
33.77 29.82 36.06 29.96 32.63 25.80 31.88 24.49 32.04 23.56 35.37
Cash Conversion Cycle (CCC)
34.70 42.68 36.99 46.13 44.42 49.45 42.77 53.63 47.65 55.65 44.23
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
3,333 3,537 3,668 3,716 3,771 3,895 4,000 4,035 4,012 3,892 4,480
Invested Capital Turnover
1.90 1.62 1.59 1.62 1.70 1.69 1.67 1.65 1.65 1.63 1.49
Increase / (Decrease) in Invested Capital
426 -61 33 75 438 358 332 319 241 -3.00 480
Enterprise Value (EV)
14,539 20,704 20,156 16,591 19,215 21,473 20,558 19,397 19,600 19,363 20,191
Market Capitalization
11,375 17,466 16,757 13,185 15,769 18,070 17,009 15,874 16,123 16,058 16,313
Book Value per Share
$0.30 $0.52 $0.49 $0.54 $0.60 $0.90 $0.84 $0.93 $1.00 $1.05 $1.09
Tangible Book Value per Share
($8.06) ($7.96) ($7.93) ($7.80) ($8.12) ($7.93) ($7.80) ($7.68) ($7.75) ($7.62) ($8.42)
Total Capital
3,900 4,228 4,252 4,287 4,394 4,620 4,569 4,613 4,689 4,652 5,082
Total Debt
3,732 3,946 3,986 3,988 3,964 4,004 3,984 3,978 4,014 3,955 4,292
Total Long-Term Debt
3,732 3,946 3,986 3,988 3,964 4,004 3,984 3,978 4,014 3,955 4,292
Net Debt
3,148 3,226 3,385 3,388 3,323 3,250 3,397 3,371 3,320 3,153 3,655
Capital Expenditures (CapEx)
38 21 35 33 38 29 26 28 33 36 36
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,813 -1,721 -1,576 -1,573 -1,778 -1,883 -1,670 -1,697 -1,948 -2,009 -1,954
Debt-free Net Working Capital (DFNWC)
-1,229 -1,001 -975 -973 -1,137 -1,129 -1,083 -1,090 -1,254 -1,207 -1,317
Net Working Capital (NWC)
-1,229 -1,001 -975 -973 -1,137 -1,129 -1,083 -1,090 -1,254 -1,207 -1,317
Net Nonoperating Expense (NNE)
-16 67 42 16 0.00 65 4.21 30 87 -85 57
Net Nonoperating Obligations (NNO)
3,165 3,255 3,402 3,417 3,341 3,279 3,415 3,400 3,337 3,195 3,690
Total Depreciation and Amortization (D&A)
84 86 84 85 79 81 85 83 84 88 91
Debt-free, Cash-free Net Working Capital to Revenue
-30.63% -29.71% -27.10% -26.45% -29.45% -29.90% -26.13% -26.59% -30.31% -31.67% -30.85%
Debt-free Net Working Capital to Revenue
-20.76% -17.28% -16.76% -16.36% -18.83% -17.93% -16.94% -17.08% -19.51% -19.03% -20.79%
Net Working Capital to Revenue
-20.76% -17.28% -16.76% -16.36% -18.83% -17.93% -16.94% -17.08% -19.51% -19.03% -20.79%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.56 $0.46 $0.12 $0.46 $0.60 $0.60 $0.36 $0.54 $0.16 $0.90 $0.14
Adjusted Weighted Average Basic Shares Outstanding
514.71M 515.07M 515.91M 515.94M 515.72M 516.46M 517.84M 517.88M 517.52M 518.43M 520.32M
Adjusted Diluted Earnings per Share
$0.56 $0.46 $0.12 $0.46 $0.60 $0.60 $0.36 $0.54 $0.16 $0.90 $0.14
Adjusted Weighted Average Diluted Shares Outstanding
514.71M 515.07M 515.91M 515.94M 515.72M 516.46M 517.84M 517.88M 517.52M 518.43M 520.32M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
514.85M 515.94M 515.97M 515.99M 516.00M 517.88M 517.91M 517.92M 517.99M 520.36M 521.27M
Normalized Net Operating Profit after Tax (NOPAT)
131 191 105 140 154 258 180 172 135 176 100
Normalized NOPAT Margin
8.73% 12.84% 7.52% 8.97% 9.71% 14.75% 12.06% 11.04% 8.26% 10.56% 6.76%
Pre Tax Income Margin
12.49% 11.56% 4.15% 10.68% 13.37% 15.16% 7.63% 11.00% 3.13% 19.81% 4.38%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 52.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 35.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 44.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 26.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
58.80% 68.79% 78.94% 80.09% 80.18% 69.88% 63.67% 62.16% 77.20% 71.67% 82.19%
Augmented Payout Ratio
58.80% 68.79% 78.94% 80.09% 80.18% 69.88% 63.67% 62.16% 77.20% 71.67% 82.19%

Frequently Asked Questions About Warner Music Group's Financials

When does Warner Music Group's fiscal year end?

According to the most recent income statement we have on file, Warner Music Group's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has Warner Music Group's net income changed over the last 9 years?

Warner Music Group's net income appears to be on an upward trend, with a most recent value of $478 million in 2024, rising from $0.00 in 2015. The previous period was $439 million in 2023. Check out Warner Music Group's forecast to explore projected trends and price targets.

What is Warner Music Group's operating income?
Warner Music Group's total operating income in 2024 was $823 million, based on the following breakdown:
  • Total Gross Profit: $3.07 billion
  • Total Operating Expenses: $2.28 billion
How has Warner Music Group revenue changed over the last 9 years?

Over the last 9 years, Warner Music Group's total revenue changed from $0.00 in 2015 to $6.43 billion in 2024, a change of 642,600,000,000.0%.

How much debt does Warner Music Group have?

Warner Music Group's total liabilities were at $8.48 billion at the end of 2024, a 4.5% increase from 2023, and a 57.6% increase since 2015.

How much cash does Warner Music Group have?

In the past 9 years, Warner Music Group's cash and equivalents has ranged from $246 million in 2015 to $694 million in 2024, and is currently $694 million as of their latest financial filing in 2024.

How has Warner Music Group's book value per share changed over the last 9 years?

Over the last 9 years, Warner Music Group's book value per share changed from 209,478.67 in 2015 to 1.00 in 2024, a change of -100.0%.



This page (NASDAQ:WMG) was last updated on 6/10/2025 by MarketBeat.com Staff
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