Warner Music (WMG) Return on Capital Employed (2011 - 2026)
Warner Music (WMG) posted quarterly 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 reported Return on Capital Employed for 16 consecutive years, with 14.67% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed rose 121.0% year-over-year to 14.67%; the TTM figure through Mar 2026 stood at 14.67% (up 121.0% YoY), while the FY2025 annual figure was 13.12%, down 350.0% from the prior year.
- Return on Capital Employed advanced to 14.67% in Q1 2026 per WMG's latest filing, from 13.69% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 17.5% in Q4 2023 and bottomed at 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.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 1394 bps — and 2025, when it slumped 479 bps.
- Warner Music's Return on Capital Employed stood at 15.96% in 2022, then rose by 10 bps to 17.5% in 2023, then retreated by 25 bps to 13.07% in 2024, then rose by 5 bps to 13.69% in 2025, then grew 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 30.16% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | -23.87% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | -1.56% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 8.38% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 13.97% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 3.63% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 8.53% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 9.20% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 7.32% |
| 10 | Warner Music | 9.85 Bn | 9.23 Bn | 854.00 Mn | 16.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.06% |
| 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% |