WMG (Warner Music Group) FCF Margin %: -18.94% (As of Mar. 2026)


WMG Warner Music Group Corp WMG
79 GF Score
Price $26.93
GF Value $35.06
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Warner Music Group FCF Margin %?

Warner Music Group WMG +0.04% 79 FCF Margin % is -18.94% as of Mar. 2026. GuruFocus rates WMG with a GF Score™ of 79/100 and a GF Value™ of $35.06 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,017 Media - Diversified companies, Warner Music Group ranks better than 51.82% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Warner Music Group's Free Cash Flow for the three months ended in Mar. 2026 was $-328 Mil. Warner Music Group's Revenue for the three months ended in Mar. 2026 was $1,732 Mil. Therefore, Warner Music Group's FCF Margin % for the quarter that ended in Mar. 2026 was -18.94%.

As of today, Warner Music Group's current FCF Yield % is 1.40%.

The historical rank and industry rank for Warner Music Group's FCF Margin % or its related term are showing as below:

WMG' s FCF Margin % Range Over the Past 10 Years
Min: 1.21   Med: 7.21   Max: 13.28
Current: 2.76


During the past 13 years, the highest FCF Margin % of Warner Music Group was 13.28%. The lowest was 1.21%. And the median was 7.21%.

WMG's FCF Margin % is ranked better than
51.82% of 1017 companies
in the Media - Diversified industry
Industry Median: 2.12 vs WMG: 2.76


Warner Music Group FCF Margin % Related Terms


Warner Music Group FCF Margin % Historical Data

* Premium members only.

The historical data trend for Warner Music Group's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Warner Music Group FCF Margin % Chart

Warner Music Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.21 7.03 7.39 7.02 5.13

Warner Music Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.10 -1.48 8.57 21.20 -18.94

WMG vs TKO, NWSA, ROKU: FCF Margin % Comparison

For the Entertainment subindustry, Warner Music Group's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Warner Music Group FCF Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Music Group's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Warner Music Group's FCF Margin % falls into.


WMG
79GF Score
Warner Music Group Corp WMG
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Warner Music Group FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Warner Music Group's FCF Margin for the fiscal year that ended in Sep. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Sep. 2025 )/Revenue (A: Sep. 2025 )
=344/6707
=5.13 %

Warner Music Group's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-328/1732
=-18.94 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -18.94% mean?
Warner Music Group (WMG) has a FCF Margin % of -18.94% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Warner Music Group and its competitors. Over the past decade, Warner Music Group's FCF Margin % has ranged from 1.21 to 13.28. According to the industry distribution chart, Warner Music Group ranks #490 out of 1017 companies in the Media - Diversified industry, placing it in the top 48.2%.
Is Warner Music Group's FCF Margin % too high?
Warner Music Group's current FCF Margin % is -18.94%. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 13.28. Based on the distribution chart, Warner Music Group ranks #490 out of 1017 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Warner Music Group has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's FCF Margin % compare to TKO and NWSA?
According to the Media - Diversified industry distribution chart, Warner Music Group ranks #490 out of 1017 companies for FCF Margin %. This puts Warner Music Group in the upper half of its industry. The industry median FCF Margin % is 2.12. Historically, Warner Music Group's own FCF Margin % has ranged from 1.21 to 13.28 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Media - Diversified company?
The median FCF Margin % among Media - Diversified companies is 2.12, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Warner Music Group and its competitors. For the Media - Diversified industry, the median FCF Margin % is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Music Group's current FCF Margin % is -18.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Music Group stock overvalued right now?
Based on GuruFocus' analysis, Warner Music Group (WMG) is currently considered Modestly Undervalued. The stock's GF Value™ is $35.06, compared to a current price of $26.93 — trading 23.2% below its estimated fair value. The current FCF Margin % is -18.94%. Warner Music Group's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Warner Music Group (WMG), the current FCF Margin % is -18.94% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Warner Music Group (WMG) Overvalued in 2026?

Based on GuruFocus' analysis, Warner Music Group stock appears to be undervalued. The current stock price of $26.93 is trading 23.2% below its estimated GF Value™ of $35.06. GuruFocus considers Warner Music Group to be Modestly Undervalued.

Key valuation signals for WMG:

  • FCF Margin %: -18.94%
  • GF Value™: $35.06 vs. price of $26.93 (23.2% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the WMG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Warner Music Group Business Description

Address 1633 Broadway, New York, NY, USA, 10019
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
79GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.93
Price
$35.06
GF Value