Warner Music (WMG) Return on Invested Capital [ROIC] (2011 - 2026)
Warner Music (WMG) recorded Return on Invested Capital [ROIC] of 15.42% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 5.20 percentage points from 10.21% a year earlier and up 2.07 percentage points from the prior quarter.
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Analysis
Warner Music (WMG) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Warner Music reported Return on Invested Capital [ROIC] of 11.02%, down 3.39 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +18.97 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 14.41% in FY2024 (+0.68 pp), 13.73% in FY2023 (-0.96 pp), 14.69% in FY2022 (+1.98 pp) and 12.71% in FY2021 (+20.66 pp).
- The fiscal Q3 2026 figure is the highest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q1 2012.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for three consecutive quarters, with an average year-over-year change of -0.62 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 19.55 percentage points in fiscal Q4 2021, against a drop of 4.68 percentage points in fiscal Q3 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 13.34% (Q2 2026), 11.85% (Q1 2026) and 10.81% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 176.43 Bn | 161.00 Bn | 11.57 Bn | -18.04% |
| 2 | Warner Music | 14.03 Bn | 11.52 Bn | 854.00 Mn | 15.42% |
| 3 | Lionsgate Studios | 3.32 Bn | 2.28 Bn | - | 18.38% |
| 4 | Angel Studios | 753.52 Mn | 559.02 Mn | 59.96 Mn | - |
| 5 | Reservoir Media | 627.66 Mn | 539.97 Mn | 26.69 Mn | 3.21% |
| 6 | Kartoon Studios | 34.83 Mn | 17.70 Mn | - | - |
| 7 | American Picture House | 7.96 Mn | 7.96 Mn | - | - |
| 8 | Nexus Advanced Technologies | 1.88 Mn | -16.73 Mn | - | - |
| 9 | AI Era | 348,100.85 | -302,132.15 | - | - |
| 10 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 12.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.42% |
| Mar 31, 2026 | 13.34% |
| Dec 31, 2025 | 11.85% |
| Sep 30, 2025 | 10.81% |
| Jun 30, 2025 | 10.21% |
| Mar 31, 2025 | 11.72% |
| Dec 31, 2024 | 11.55% |
| Sep 30, 2024 | 14.07% |
| Jun 30, 2024 | 14.89% |
| Mar 31, 2024 | 14.23% |
| Dec 31, 2023 | 14.11% |
| Sep 30, 2023 | 13.12% |
| Jun 30, 2023 | 12.93% |
| Mar 31, 2023 | 12.35% |
| Dec 31, 2022 | 13.78% |
| Sep 30, 2022 | 13.63% |
| Jun 30, 2022 | 11.76% |
| Mar 31, 2022 | 11.36% |
| Dec 31, 2021 | 11.91% |
| Sep 30, 2021 | 11.96% |
API Access
Warner Music Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=WMG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=WMG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();