Warner Music Group Financial Ratios
NASDAQ: WMGConsumer DiscretionaryServices-Misc. Amusement & RecreationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Warner Music Group ratio analysis
Warner Music Group earned a net margin of 5.4% in FY 2025, down from 6.8% a year earlier. Gross margin was 45.8% compared with a median of 47.4% over the prior 9 years. Return on equity reached 56.4%, meaning Warner Music Group generated 0.56 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 6.28 versus 7.75 the year before, and the current ratio was 0.66. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Warner Music Group financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 45.8% | 47.8% | 47.4% | 48.0% | 48.3% | 47.7% | 46.3% | 45.8% | 46.0% | 47.4% |
| Operating margin | 10.3% | 12.8% | 13.1% | 12.1% | 11.5% | -5.1% | 8.0% | 5.4% | 6.2% | 6.6% |
| Net margin | 5.4% | 6.8% | 7.1% | 9.3% | 5.7% | -10.6% | 5.7% | 7.7% | 4.0% | 0.8% |
| Free cash flow margin | 8.0% | 9.9% | 9.3% | 10.3% | 10.3% | 8.5% | 6.6% | 8.8% | 13.7% | 9.2% |
| Return on equity (ROE) | 56.4% | 84.0% | 140.1% | 362.5% | 980.6% | — | — | — | 48.8% | 12.8% |
| Return on assets (ROA) | 3.7% | 4.8% | 5.0% | 7.0% | 4.2% | -7.4% | 4.3% | 5.7% | 2.5% | 0.5% |
| Debt / equity | 6.28 | 7.75 | 12.91 | 24.55 | 107.94 | — | — | — | 9.59 | 14.25 |
| Current ratio | 0.66 | 0.68 | 0.68 | 0.64 | 0.60 | 0.62 | 0.60 | 0.50 | 0.61 | 0.49 |
| Revenue growth | 4.4% | 6.4% | 2.0% | 11.7% | 18.8% | -0.3% | 11.7% | 12.0% | 10.2% | 9.4% |