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Warner Music Group WMG Price / earnings

Price / earnings at other companies

Warner Bros. Discovery, Inc. logo
Warner Bros. Discovery, Inc.WBD
99.7×

Other financials

Income statement

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Revenue$1.7B+16.7%
Gross profit$802.0M+15.7%
Operating income$264.0M+57.1%
Net income$183.0M+408%

Balance sheet

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Cash & equivalents$741.0M+16.3%
Total debt$895.0M-79.0%
Total equity$738.0M+30.2%
Total assets$10.6B+10.9%

Cash flow

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Operating cash flow$126.0M+82.6%
CapEx$27.0M-25.0%
Free cash flow$99.0M+200%

Valuation

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Market cap$14.88B-18.2%
Enterprise value$15.03B-32.3%
P/S2.1×-0.8×

Profitability

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Gross margin45.8%-1.0pp
Operating margin12.1%+0.6pp
Net margin6.3%-0.8pp

Returns & leverage

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Return on equity69.3%-21.1pp
Debt / equity1.2×-6.3×
Current ratio0.7×+0.1×

Where this comes from

Calculated from Warner Music Group’s reported figures.

Based on the most recent quarter.

The official record: Warner Music Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Music Group's price / earnings?
Warner Music Group (WMG) reported price / earnings of 29.5× in Q1 2026.
How has Warner Music Group's price / earnings changed year-over-year?
Warner Music Group's price / earnings decreased by 18.2% year-over-year, from 36.1× to 29.5×.
What is the long-term trend for Warner Music Group's price / earnings?
Over 3 years (2022 to 2025), Warner Music Group's price / earnings has grown at a 0.7% compound annual growth rate (CAGR), from 160.3× to 163.5×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.