Liberty Media Series C (FWONK) vs Warner Music Group (WMG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Liberty Media Series C (FWONK) has outperformed Warner Music Group (WMG) over the past year, losing 10.9% versus a loss of 11.5%. Over five years, FWONK leads with a +81.8% price change compared with -38.7% for WMG. Liberty Media Series C is the larger company by market cap ($23.83 billion vs $15.12 billion), about 1.6 times the size.
On valuation, Warner Music Group trades at a lower forward P/E (14.7x vs 48.5x for Liberty Media Series C). Warner Music Group pays a dividend yielding 2.63%, while Liberty Media Series C does not currently pay one. Liberty Media Series C converts more of its revenue into profit, with a net margin of 12.4% versus 5.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FWONK | WMG |
|---|---|---|
| Share price | $95.07 | $28.91 |
| Market cap | $23.83B | $15.12B |
| 1-day change | -0.47% | +2.66% |
| YTD return | -3.49% | -5.74% |
| 1-year return | -10.93% | -11.45% |
| 5-year return | +81.84% | -38.66% |
| P/E ratio (TTM) | 115.94 | 23.13 |
| Forward P/E | 48.54 | 14.68 |
| EPS (TTM) | $0.82 | $1.25 |
| Dividend yield | 0.00% | 2.63% |
| Annual dividend | $0.00 | $0.76 |
| Revenue (latest FY) | $4.48B | $6.71B |
| Revenue growth (YoY) | +22.69% | +4.37% |
| Net income (latest FY) | $555.00M | $365.00M |
| Gross margin | — | 45.85% |
| Operating margin | 12.87% | 10.35% |
| Net margin | 12.38% | 5.44% |
| 52-week high | $107.31 | $35.42 |
| 52-week low | $80.15 | $23.34 |
| Distance from 52-week high | -11.41% | -18.38% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +25.48% | +30.79% |
| Average volume | 2.10M | 2.07M |
| Shares outstanding | 224.34M | 147.73M |
| Employees | — | 5,500 |
| Sector | Industrials | Consumer Discretionary |
| Industry | Broadcasting | Services-Misc. Amusement & Recreation |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Liberty Media Series C trades at a higher earnings multiple (115.9x vs 23.1x trailing P/E).
- Warner Music Group offers a meaningfully higher dividend yield (2.63% vs 0.00%).
- Liberty Media Series C is more profitable, keeping 12.4 cents of every revenue dollar as net income versus 5.4 cents for Warner Music Group.
- Liberty Media Series C grew revenue faster in its latest fiscal year (+22.69% vs +4.37%).
- The two companies sit in different sectors: Liberty Media Series C in Industrials and Warner Music Group in Consumer Discretionary.
About Liberty Media Series C
FWONK stock →Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States, the United Kingdom, Spain, and internationally. The company holds commercial rights for the Fédération Internationale de l'Automobile (FIA) Formula One World Championship, an annual nine-month long motor race-based competition in which teams compete for the Constructors' championship and drivers compete for the Drivers' championship.
Industrials · Broadcasting
About Warner Music Group
WMG stock →Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally.
Consumer Discretionary · Services-Misc. Amusement & Recreation · 5,500 employees
FWONK vs WMG FAQ
Which is bigger, Liberty Media Series C or Warner Music Group?
Liberty Media Series C (FWONK) is larger, with a market capitalization of $23.83B compared with $15.12B for Warner Music Group (WMG).
Which stock has performed better over the past year, FWONK or WMG?
FWONK returned -10.93% over the past 12 months, compared with -11.45% for WMG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FWONK or WMG?
WMG has the lower trailing P/E at 23.1, versus 115.9 for FWONK. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Liberty Media Series C or Warner Music Group?
Warner Music Group pays a dividend yielding 2.63%, while Liberty Media Series C does not currently pay a regular dividend.
Are Liberty Media Series C and Warner Music Group in the same industry?
No. Liberty Media Series C is in the Industrials sector, while Warner Music Group is in Consumer Discretionary.