TKO Group (TKO) 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
TKO Group (TKO) has outperformed Warner Music Group (WMG) over the past year, losing 6.4% versus a loss of 11.5%. Over five years, TKO leads with a +200.3% price change compared with -38.7% for WMG. TKO Group is the larger company by market cap ($34.38 billion vs $15.12 billion), about 2.3 times the size, while Warner Music Group is growing revenue faster (+4.4% vs -3.1%).
On valuation, Warner Music Group trades at a lower forward P/E (14.7x vs 38.8x for TKO Group). Warner Music Group offers the higher dividend yield (2.63% vs 1.71%). Warner Music Group converts more of its revenue into profit, with a net margin of 5.4% versus 4.1%.
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 | TKO | WMG |
|---|---|---|
| Share price | $181.63 | $28.91 |
| Market cap | $34.38B | $15.12B |
| 1-day change | +1.67% | +2.66% |
| YTD return | -13.10% | -5.74% |
| 1-year return | -6.45% | -11.45% |
| 5-year return | +200.29% | -38.66% |
| P/E ratio (TTM) | 63.51 | 23.13 |
| Forward P/E | 38.80 | 14.68 |
| EPS (TTM) | $2.86 | $1.25 |
| Dividend yield | 1.71% | 2.63% |
| Annual dividend | $3.11 | $0.76 |
| Revenue (latest FY) | $4.74B | $6.71B |
| Revenue growth (YoY) | -3.05% | +4.37% |
| Net income (latest FY) | $195.40M | $365.00M |
| Gross margin | — | 45.85% |
| Operating margin | 17.63% | 10.35% |
| Net margin | 4.13% | 5.44% |
| 52-week high | $226.94 | $35.42 |
| 52-week low | $171.19 | $23.34 |
| Distance from 52-week high | -19.97% | -18.38% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +27.41% | +30.79% |
| Average volume | 1.11M | 2.07M |
| Shares outstanding | 73.11M | 147.73M |
| Employees | 4,000 | 5,500 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Services-Misc. Amusement & Recreation | 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
- TKO Group is about 2.3 times larger than Warner Music Group by market value ($34.38B vs $15.12B).
- TKO Group trades at a higher earnings multiple (63.5x vs 23.1x trailing P/E).
- Warner Music Group grew revenue faster in its latest fiscal year (+4.37% vs -3.05%).
About TKO Group
TKO stock →TKO Group Holdings, Inc. operates as a sports and entertainment company.
Consumer Discretionary · Services-Misc. Amusement & Recreation · 4,000 employees
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
TKO vs WMG FAQ
Which is bigger, TKO Group or Warner Music Group?
TKO Group (TKO) is larger, with a market capitalization of $34.38B compared with $15.12B for Warner Music Group (WMG).
Which stock has performed better over the past year, TKO or WMG?
TKO returned -6.45% 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, TKO or WMG?
WMG has the lower trailing P/E at 23.1, versus 63.5 for TKO. 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, TKO Group or Warner Music Group?
Warner Music Group has the higher yield at 2.63%, compared with 1.71% for TKO Group.
Are TKO Group and Warner Music Group in the same industry?
Yes. Both are classified in the Services-Misc. Amusement & Recreation industry within the Consumer Discretionary sector.