Warner Music (WMG) Return on Capital Employed (2011 - 2026)
Warner Music's (WMG) quarterly Return on Capital Employed came in at 14.67% in Q1 2026, up 121.0% year-on-year from 6.64% in Q1 2025, and up 7.14% on a QoQ basis 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.
- On a quarterly basis, Return on Capital Employed rose 121.0% year-over-year to 14.67% in Q1 2026; TTM through Mar 2026 was 14.67%, a 121.0% increase from a year earlier, with the FY2025 full-year figure at 13.12%, down 350.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 14.67%, up from 13.69% in the prior quarter.
- Over the last five years, Return on Capital Employed for WMG reached as high as 17.5% in Q4 2023 and fell as low as 12.34% in Q2 2025.
- Historically, Return on Capital Employed has averaged 14.9% across 5 years, with a median of 14.67% in 2026.
- Across the five-year window, Return on Capital Employed jumped 1394 bps in 2022 and plunged 479 bps in 2025, its largest moves.
- Year by year, Return on Capital Employed stood at 15.96% in 2022, then advanced by 10 bps to 17.5% in 2023, then slipped by 25 bps to 13.07% in 2024, then advanced by 5 bps to 13.69% in 2025, then rose by 7 bps to 14.67% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 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 | 286.85 Bn | 277.73 Bn | 6.52 Bn | 30.16% |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | 13.42% |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | -2.04% |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | 8.44% |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 4.99% |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 3.21% |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 5.95% |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | 14.30% |
| 9 | News | 16.48 Bn | 15.01 Bn | - | 7.85% |
| 10 | Warner Music | 73.15 Mn | -534.85 Mn | 802.00 Mn | 14.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |