Warner Music (WMG) Return on Capital Employed (2011 - 2026)

Warner Music (WMG) reported Return on Capital Employed of 14.67% for Q1 2026, up 121.0% year-over-year from 6.64% in Q1 2025, and up 7.14% quarter-over-quarter from 13.69% in Q4 2025.

Warner Music (WMG) Return on Capital Employed (2011 - 2026) Analysis & Trends

Warner Music (WMG) has 16 years of Return on Capital Employed data on file, last reported at 14.67% in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 14.67%, up 121.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.67% (up 121.0% YoY), and the FY2025 annual result was 13.12%, down 350.0% from the prior year.
  • Return on Capital Employed improved to 14.67% in Q1 2026 per WMG's latest filing, from 13.69% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 17.5% in Q4 2023 and troughed at 12.34% in Q2 2025.
  • A 5-year average of 14.9% and a median of 14.67% in 2026 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2022 and 2025: Return on Capital Employed soared 1394 bps in 2022, then slumped 479 bps in 2025.
  • A 5-year view of Return on Capital Employed shows it stood at 15.96% in 2022, then increased by 10 bps to 17.5% in 2023, then fell by 25 bps to 13.07% in 2024, then increased by 5 bps to 13.69% in 2025, then climbed by 7 bps to 14.67% in 2026.
  • Business Quant data shows WMG's Return on Capital Employed at 14.67% in Q1 2026, 13.69% in Q4 2025, and 12.39% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Netflix 327.69 Bn 315.40 Bn 11.41 Bn 30.18%
2 Walt Disney 184.70 Bn 191.31 Bn 23.68 Bn -1.85%
3 Warner Bros. Discovery 65.23 Bn 63.09 Bn 4.25 Bn -2.04%
4 Brera Holdings 53.07 Bn 53.07 Bn - -
5 Live Nation Entertainment 39.71 Bn 31.25 Bn 1.31 Bn 8.44%
6 Liberty Media 21.13 Bn 21.80 Bn 298.00 Mn 4.99%
7 Fox 20.41 Bn 16.92 Bn - 12.17%
8 Roku 20.39 Bn 18.01 Bn 564.94 Mn 3.21%
9 News 15.92 Bn 14.45 Bn - 7.02%
10 Warner Music 4.13 Bn 3.49 Bn 802.00 Mn 14.67%

Historic Data

Download Data
DateValue
Mar 31, 2026 14.67%
Dec 31, 2025 13.69%
Sep 30, 2025 12.39%
Jun 30, 2025 12.34%
Mar 31, 2025 13.45%
Dec 31, 2024 13.07%
Sep 30, 2024 16.15%
Jun 30, 2024 17.13%
Mar 31, 2024 16.40%
Dec 31, 2023 17.50%
Sep 30, 2023 16.43%
Jun 30, 2023 15.47%
Mar 31, 2023 14.30%
Dec 31, 2022 15.96%
Sep 30, 2022 16.24%
Jun 30, 2022 14.10%
Mar 31, 2022 13.99%
Dec 31, 2021 15.32%
Sep 30, 2021 15.32%
Jun 30, 2021 14.80%