Wednesday 4 November 2026 Export WMG’s income statement to Excel — free account

Warner Music Group Corp.

WMG Communication Services Entertainment

Warner Music Group Corp.’s revenue for fiscal 2025 (year ended September 2025) was $6.7 billion, up 4.37% from fiscal 2024.

Revenue: +10.4%
EPS: +1,400.0%
Free cash flow: +1,528.6%
Total debt: +7.95%

Quarter to June 2026, against a year earlier

32.58 1.45 +4.66%

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Market cap: $16.3B
P/E: 24.3×
Fwd P/E: 21.4×
Dividend yield: 2.48%
F-score: 3/9
Altman Z: 1.72
Beneish M: −2.55
Dividend safety: 31/100

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Warner Music Group Corp. (WMG) Price to free cash flow

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As of 3 November 2026, Warner Music Group Corp. (WMG) trades at a price to free cash flow of 19.4×. Over the past ten years it has ranged from 15.5× (August 2026) to 52.0× (March 2022); the current reading is higher than 9% of that period. That is above the Entertainment industry median of 17.7× and above the Communication Services sector median of 9.1×.

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<iframe src="https://stockrow.com/embed/WMG/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Warner Music Group Corp. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/WMG/metrics/price-to-free-cash-flow">Warner Music Group Corp. (WMG) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	32.9×	29.55%
FY2024	25.4×	(11.32%)
FY2023	28.6×	45.48%
FY2022	19.7×	(51.12%)
FY2021	40.3×	4.97%
FY2020	38.4×	(0.55%)
FY2019	38.6×	0.00%
FY2018	38.6×	0.00%
FY2017	38.6×	0.00%
FY2016	38.6×	0.00%

Period	Price to free cash flow	Change
Jun 2026	16.9×	(7.62%)
Mar 2026	18.3×	(24.29%)
Dec 2025	24.2×	(26.57%)
Sep 2025	32.9×	40.61%
42 more quarters	Free account

Against its own ten years

Low 15.5× High 52.0×

Ten-year median 27.9×

Current reading's percentile 9

Company	Price to free cash flow
SIRI Sirius XM Holdings Inc. compare	6.6×
FOX Fox Corporation compare	11.7×
FOXA Fox Corporation compare	13.1×
WMG Warner Music Group Corp.	19.4×
NWSA News Corporation compare	20.2×
NWS News Corporation compare	22.0×
ROKU Roku, Inc. compare	29.8×
FWONA Liberty Media Corporation - Liberty Formula One Series A compare	30.6×
FWONK Liberty Media Corporation - Liberty Formula One Series C compare	33.2×
Entertainment industry median	17.7×
Communication Services sector median	9.1×
Market median	14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Warner Music Group Corp. (WMG) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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