Warner Music Group Corp. (WMG)

From the record

Warner Music Group Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Warner Music Group Corp.'s 10 filed years say what it did: revenue went from $3.2 billion in fiscal 2016 to $6.7 billion in fiscal 2025, up 8.4% a year; it rose in 8 of 9 years; the deepest fall was 0% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-09-30, Warner Music Group Corp. earned about 48 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 31 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 92 cents per dollar of assets (the filed statements).

From the record

Warner Music Group Corp.'s standing among 24 graded names in its industry family: revenue of $6.7 billion in fiscal 2025 ranks in the top 7% by size; a net margin of 5.4% ranks in the top 15%; revenue growth of 4.3% a year over the last 3 filed years ranks in the bottom 15% (its annual reports).

From the record

Warner Music Group Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kyncl, Robert (CEO, as filed), filing under that title since 2023-01-03, 3.9 years (top 39% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 6.4 years (bottom 42%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (top 21%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Warner Music Group Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $532 million against debt of $4.1 billion leaves -35.9% of its assets as net cash, bottom 34% of its family; cash from operations less capital spending is 8% of revenue (top 15%); a gross margin of 45.8% (top 35%) (its annual report).

From the record

Warner Music Group Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 4.3% a year over the last three filed years against 8.4% over all 10, slowing (bottom 21% of its family); the newest year grew 4.4% (bottom 36%); capital spending grew 1% a year (bottom 23%) (its annual reports). Warner Music Group Corp. reported 2 lines of business in fiscal 2025: Recorded Music at $5.4 billion, Music Publishing at $1.3 billion. 2 of 2 grew in the latest filed year, and the largest line is 81% of revenue (its annual report).

From the record

Warner Music Group Corp.'s newest year against its own record: revenue of $6.7 billion in fiscal 2025 came in 0.2% above the $6.7 billion its prior three years' pace pointed to (top 31% of its family); net income of $365 million against a prior three-year average of $472 million (bottom 36%); a net margin of 5.4% against 7.7% before (bottom 42%) (its annual reports).