Warner Music (WMG) EV to FCF (2020 - 2026)
Warner Music's (WMG) EV to FCF stood at 16.36 in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 27.4% from 22.52 a year earlier and down 6.2% from the prior quarter.
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Analysis
Warner Music (WMG) EV to FCF (2020 - 2026) Analysis & Trends
On a TTM basis, Warner Music's EV to FCF came in at 13.94 as of Jun 30, 2026, down 26.7% year-over-year; for FY2025 (ended Sep 30, 2025), it was 32.11, up 32.1% from FY2024.
- Across earlier fiscal years, EV to FCF came in at 24.30 in FY2024 (-13.2%), 28.01 in FY2023 (+49.4%), 18.75 in FY2022 (-52.4%) and 39.38 in FY2021 (+5.4%).
- The fiscal Q3 2026 figure is the lowest quarterly EV to FCF in data going back to fiscal Q3 2020.
- On a year-over-year basis, EV to FCF rose in two of the last eight quarters, with an average decline of 8.5%.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 56.1% in fiscal Q2 2022, against a decline of 52.4% in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 17.44 (Q2 2026), 23.03 (Q1 2026) and 32.11 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Walt Disney | 181.20 Bn | 165.77 Bn | 11.57 Bn |
| 2 | Warner Music | 14.44 Bn | 11.93 Bn | 854.00 Mn |
| 3 | Lionsgate Studios | 3.33 Bn | 2.29 Bn | - |
| 4 | Angel Studios | 860.38 Mn | 665.88 Mn | 59.96 Mn |
| 5 | Reservoir Media | 625.02 Mn | 537.33 Mn | 26.69 Mn |
| 6 | Kartoon Studios | 36.70 Mn | 19.57 Mn | - |
| 7 | American Picture House | 6.83 Mn | 6.83 Mn | - |
| 8 | Nexus Advanced Technologies | 2.08 Mn | -16.54 Mn | - |
| 9 | AI Era | 580,168.11 | -70,064.89 | - |
| 10 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.36 |
| Mar 31, 2026 | 17.44 |
| Dec 31, 2025 | 23.03 |
| Sep 30, 2025 | 32.11 |
| Jun 30, 2025 | 22.52 |
| Mar 31, 2025 | 20.62 |
| Dec 31, 2024 | 22.85 |
| Sep 30, 2024 | 24.30 |
| Jun 30, 2024 | 23.12 |
| Mar 31, 2024 | 26.88 |
| Dec 31, 2023 | 28.12 |
| Sep 30, 2023 | 28.01 |
| Jun 30, 2023 | 20.51 |
| Mar 31, 2023 | 25.86 |
| Dec 31, 2022 | 24.76 |
| Sep 30, 2022 | 18.75 |
| Jun 30, 2022 | 28.27 |
| Mar 31, 2022 | 50.98 |
| Dec 31, 2021 | 45.43 |
| Sep 30, 2021 | 39.38 |
API Access
Warner Music EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "WMG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();