Warner Music (WMG) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
6.4B
Gross Profit
3.1B
47.79%
Operating Income
968.0M
15.06%
Net Income
478.0M
7.44%
EPS (Diluted)
$0.83
Balance Sheet Metrics
Total Assets
9.2B
Total Liabilities
8.5B
Shareholders Equity
675.0M
Debt to Equity
12.56
Cash Flow Metrics
Operating Cash Flow
688.0M
Free Cash Flow
451.0M
Revenue & Profitability Trend
Warner Music Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 6.4B | 6.0B | 5.9B | 5.3B | 4.5B |
| Cost of Goods Sold | 3.4B | 3.2B | 3.1B | 2.7B | 2.3B |
| Gross Profit | 3.1B | 2.9B | 2.8B | 2.6B | 2.1B |
| Operating Expenses | 1.8B | 1.7B | 1.8B | 1.7B | 2.2B |
| Operating Income | 968.0M | 789.0M | 714.0M | 609.0M | -229.0M |
| Pre-tax Income | 601.0M | 609.0M | 740.0M | 456.0M | -447.0M |
| Income Tax | 123.0M | 170.0M | 185.0M | 149.0M | 23.0M |
| Net Income | 478.0M | 439.0M | 555.0M | 307.0M | -470.0M |
| EPS (Diluted) | $0.83 | $0.82 | $1.06 | $0.58 | -$0.95 |
Income Statement Trend
Warner Music Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 2.6B | 2.4B | 2.1B | 1.9B | 1.7B |
| Non-Current Assets | 6.5B | 6.1B | 5.7B | 5.3B | 4.7B |
| Total Assets | 9.2B | 8.5B | 7.8B | 7.2B | 6.4B |
| Liabilities | |||||
| Current Liabilities | 3.9B | 3.5B | 3.4B | 3.2B | 2.7B |
| Non-Current Liabilities | 4.6B | 4.6B | 4.3B | 4.0B | 3.7B |
| Total Liabilities | 8.5B | 8.1B | 7.7B | 7.2B | 6.5B |
| Equity | |||||
| Total Shareholders Equity | 675.0M | 430.0M | 168.0M | 46.0M | -45.0M |
Balance Sheet Composition
Warner Music Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 478.0M | 439.0M | 555.0M | 307.0M | -470.0M |
| Operating Cash Flow | 688.0M | 662.0M | 629.0M | 743.0M | 507.0M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | -8.0M | -59.0M | -498.0M | -64.0M | -188.0M |
| Financing Activities | |||||
| Dividends Paid | -361.0M | -340.0M | -318.0M | -265.0M | -344.0M |
| Financing Cash Flow | -396.0M | -325.0M | 188.0M | -61.0M | -316.0M |
| Free Cash Flow | 451.0M | 446.0M | 416.0M | 64.0M | 338.0M |
Cash Flow Trend
Warner Music Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
30.45
Forward P/E
18.71
Price to Book
24.03
Price to Sales
2.16
PEG Ratio
18.71
Profitability Ratios
Profit Margin
7.14%
Operating Margin
13.41%
Return on Equity
67.78%
Return on Assets
6.33%
Financial Health
Current Ratio
0.66
Debt to Equity
576.58
Beta
1.24
Per Share Data
EPS (TTM)
$0.86
Book Value per Share
$1.09
Revenue per Share
$12.21
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| wmg | 13.7B | 30.45 | 24.03 | 67.78% | 7.14% | 576.58 |
| Netflix | 533.5B | 59.19 | 22.21 | 40.84% | 23.07% | 72.51 |
| Walt Disney | 211.7B | 23.98 | 2.03 | 8.89% | 9.48% | 39.43 |
| Live Nation | 34.9B | 51.08 | 324.06 | 68.51% | 4.28% | 393.22 |
| Warner Bros | 27.0B | -2.35 | 0.80 | -27.28% | -28.16% | 106.41 |
| Liberty Media | 25.7B | 1,565.33 | 3.33 | -0.43% | -6.49% | 64.66 |
Financial data is updated regularly. All figures are in the company's reporting currency.