Formula One Group (FWONK) 10-Year Financial Performance & Capital Metrics

FWONK •

Communication ServicesEntertainmentLive Events and Sports Operators

AboutFormula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.Show more

Revenue $0 -100.0%
EBITDA -$35M -105.5%
Net Income -$57M -90.0%
EPS (Diluted) 0.00 +100.0%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -
ROIC -
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 100.0% through buybacks

✗Weaknesses

✗Weak 3Y average ROE of 1.2%
✗Weak Piotroski F-Score: 3/9
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-71.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM367.71%

EPS CAGR

10Y-

5Y-

3Y-

TTM2100.11%

ROCE

10Y Avg1.9%

5Y Avg1.48%

3Y Avg1.78%

Latest-0.55%

Peer Comparison

Live Events and Sports Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TKOTKO Group Holdings, Inc.	26B	223.87	99.06	68.85%	4.13%	2.11%	4.94%	0.44
MSGEMadison Square Garden Entertainment Corp.	2.55B	63.14	82	-1.72%	5.12%	144.17%	3.65%
TDICDreamland Limited Class A Ordinary Shares	6.12M	0.17	6.33	124.08%	14.03%	112.46%		1.62
HOFVHall of Fame Resort & Entertainment Company	2.35M	0.35	-0.04	-12.12%	-366.24%	-207.29%		3.45
CPOPPop Culture Group Co., Ltd	188.22K	0.33	-0.08	155.52%	-30.56%	-102.2%		0.41
SPHRSphere Entertainment Co.	817.24M	119.01	-20.95		-9.54%	-4.7%		0.63
MANUManchester United plc	1.01B	18.01	-70.46	0.72%	-1.39%	-4.76%	3.73%	3.33
BATRKAtlanta Braves Holdings, Inc.	2.24B	43.71	-118.14	10.52%	-3.19%	-4.34%		1.56

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	0	1.78B	1.83B	2.02B	1.15B	2.14B	2.57B	3.22B	3.65B	0
Revenue Growth %	-100%	-	2.47%	10.67%	-43.37%	86.55%	20.46%	25.22%	13.38%	-100%
Cost of Goods Sold+	10M	1.22B	1.27B	1.39B	974M	1.49B	1.75B	2.24B	2.49B	0
COGS % of Revenue	-	68.37%	69.68%	68.94%	85.07%	69.71%	68.01%	69.52%	68.11%	-
Gross Profit+	-10M	564M	554M	628M	171M	647M	823M	982M	1.17B	0
Gross Margin %	-	31.63%	30.32%	31.06%	14.93%	30.29%	31.99%	30.48%	31.89%	-
Gross Profit Growth %	-100.48%	5740%	-1.77%	13.36%	-72.77%	278.36%	27.2%	19.32%	18.64%	-100%
Operating Expenses+	58M	604M	664M	663M	615M	607M	650M	685M	878M	35M
OpEx % of Revenue	-	33.88%	36.34%	32.79%	53.71%	28.42%	25.26%	21.26%	24.04%	-
Selling, General & Admin	58M	199M	204M	210M	174M	210M	288M	316M	408M	35M
SG&A % of Revenue	-	11.16%	11.17%	10.39%	15.2%	9.83%	11.19%	9.81%	11.17%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	21M	405M	460M	453M	441M	397M	362M	369M	470M	0
Operating Income+	443M	-40M	-110M	-35M	-444M	40M	173M	297M	287M	-35M
Operating Margin %	-	-2.24%	-6.02%	-1.73%	-38.78%	1.87%	6.72%	9.22%	7.86%	-
Operating Income Growth %	646.91%	-109.03%	-175%	68.18%	-1168.57%	109.01%	332.5%	71.68%	-3.37%	-112.2%
EBITDA+	453M	365M	350M	418M	-3M	437M	535M	666M	639M	-35M
EBITDA Margin %	-	20.47%	19.16%	20.67%	-0.26%	20.46%	20.79%	20.67%	17.49%	-
EBITDA Growth %	729.17%	-19.43%	-4.11%	19.43%	-100.72%	14666.67%	22.43%	24.49%	-4.05%	-105.48%
D&A (Non-Cash Add-back)	10M	405M	460M	453M	441M	397M	362M	369M	352M	0
EBIT	-68M	-84M	-8M	-206M	-560M	-34M	400M	425M	225M	0
Net Interest Income+	0	-220M	-192M	-195M	-139M	-123M	-149M	-214M	-208M	0
Interest Income	0	0	0	0	7M	0	0	0	0	0
Interest Expense	19M	220M	192M	195M	146M	123M	149M	214M	208M	-28M
Other Income/Expense	57M	-264M	-90M	-366M	-262M	-197M	78M	-86M	-270M	-14M
Pretax Income+	500M	-304M	-200M	-401M	-706M	-157M	251M	211M	17M	-49M
Pretax Margin %	-	-17.05%	-10.95%	-19.83%	-61.66%	-7.35%	9.76%	6.55%	0.47%	-
Income Tax+	171M	-561M	-50M	-90M	-112M	-37M	-311M	27M	47M	8M
Effective Tax Rate %	65.8%	-83.88%	75%	77.56%	84.42%	121.02%	222.31%	87.68%	-176.47%	116.33%
Net Income+	329M	255M	-150M	-311M	-596M	-190M	558M	185M	-30M	-57M
Net Margin %	-	14.3%	-8.21%	-15.38%	-52.05%	-8.9%	21.69%	5.74%	-0.82%	-
Net Income Growth %	288%	-22.49%	-158.82%	-107.33%	-91.64%	68.12%	393.68%	-66.85%	-116.22%	-90%
Net Income (Continuing)	329M	257M	-150M	-311M	-594M	-120M	562M	184M	-30M	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	5.96B	2M	3M	2M	5M	600M	25M	0	0	0
EPS (Diluted)+	1.02	1.21	-0.65	-1.35	-2.57	-0.82	2.15	0.62	-0.12	0.00
EPS Growth %	368.42%	18.63%	-153.72%	-107.69%	-90.37%	68.09%	362.2%	-71.16%	-119.35%	100%
EPS (Basic)	1.03	1.23	-0.65	-1.35	-2.57	-0.82	2.39	0.79	-0.13	0.00
Diluted Shares Outstanding	321.01M	211M	232M	231M	232M	232M	244M	234.62M	240M	0
Basic Shares Outstanding	318.01M	207M	231M	231M	232M	232M	233M	234M	230.77M	0
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	175M	479M	310M	748M	2.26B	2.37B	2.02B	1.71B	3.02B	1.05B
Cash & Short-Term Investments	168M	282M	160M	587M	1.68B	2.07B	1.73B	1.41B	2.63B	1.05B
Cash Only	168M	282M	160M	587M	1.68B	2.07B	1.73B	1.41B	2.63B	1.05B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2M	84M	110M	69M	121M	66M	123M	123M	114M	0
Days Sales Outstanding	-	17.2	21.98	12.46	38.57	11.28	17.45	13.93	11.39	-
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	5M	113M	40M	92M	459M	229M	167M	180M	277M	0
Total Non-Current Assets+	2.82B	11.32B	10.65B	10.76B	8.93B	9.29B	8.99B	8.56B	8.74B	0
Property, Plant & Equipment	89M	95M	90M	112M	124M	119M	408M	838M	810M	0
Fixed Asset Turnover	-	18.77x	20.30x	18.05x	9.23x	17.95x	6.31x	3.84x	4.51x	-
Goodwill	0	3.96B	3.96B	3.96B	3.96B	3.96B	3.96B	3.96B	4.13B	0
Intangible Assets	1M	5.11B	4.74B	4.3B	3.88B	3.51B	3.16B	2.86B	2.69B	0
Long-Term Investments	2.38B	1.66B	1.45B	1.17B	207M	221M	253M	41M	33M	0
Other Non-Current Assets	350M	470M	325M	1.21B	757M	1.49B	1.21B	255M	494M	0
Total Assets+	3B	11.8B	10.96B	11.51B	11.19B	11.66B	11.02B	10.27B	11.76B	1.05B
Asset Turnover	-	0.15x	0.17x	0.18x	0.10x	0.18x	0.23x	0.31x	0.31x	-
Asset Growth %	53.43%	294.06%	-7.16%	5%	-2.73%	4.23%	-5.56%	-6.8%	14.53%	-91.03%
Total Current Liabilities+	31M	305M	360M	426M	692M	1.3B	833M	787M	1.13B	0
Accounts Payable	16M	258M	233M	264M	150M	308M	396M	472M	645M	0
Days Payables Outstanding	584	77.25	66.81	69.12	56.21	75.5	82.59	76.91	94.62	-
Short-Term Debt	0	0	0	0	209M	695M	61M	36M	26M	0
Deferred Revenue (Current)	1.88B	8M	93M	113M	259M	253M	347M	247M	267M	0
Other Current Liabilities	15M	39M	34M	17M	17M	23M	29M	32M	192M	0
Current Ratio	5.65x	1.57x	0.86x	1.76x	3.27x	1.83x	2.43x	2.17x	2.67x	-
Quick Ratio	5.65x	1.57x	0.86x	1.76x	3.27x	1.83x	2.43x	2.17x	2.67x	-
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.68B	5.83B	5.04B	5.84B	3.94B	3.43B	3.25B	3.06B	3.24B	0
Long-Term Debt	1.58B	5.8B	5.04B	5.68B	3.55B	2.94B	2.89B	2.87B	2.97B	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	39M	-31M	-91M	0	0	0	0	3M	0	0
Other Non-Current Liabilities	56M	30M	5M	161M	394M	492M	362M	188M	275M	0
Total Liabilities	1.71B	6.13B	5.4B	6.26B	4.64B	4.72B	4.08B	3.85B	4.37B	0
Total Debt+	1.58B	5.8B	5.04B	5.68B	3.76B	3.63B	2.95B	2.91B	2.99B	0
Net Debt	1.42B	5.51B	4.88B	5.09B	2.08B	1.56B	1.21B	1.5B	361M	-1.05B
Debt / Equity	0.22x	1.02x	0.91x	1.08x	0.57x	0.52x	0.42x	0.45x	0.40x	-
Debt / EBITDA	3.49x	15.88x	14.40x	13.58x	-	8.31x	5.51x	4.36x	4.68x	-
Net Debt / EBITDA	3.12x	15.11x	13.94x	12.18x	-	3.56x	2.27x	2.25x	0.56x	-
Interest Coverage	23.32x	-0.18x	-0.57x	-0.18x	-3.04x	0.33x	1.16x	1.39x	1.38x	-
Total Equity+	7.25B	5.67B	5.55B	5.24B	6.55B	6.94B	6.93B	6.42B	7.39B	0
Equity Growth %	-11.43%	-21.74%	-2.08%	-5.62%	25.07%	5.87%	-0.07%	-7.44%	15.1%	-100%
Book Value per Share	22.57	26.88	23.94	22.69	28.25	29.91	28.42	27.36	30.78	-
Total Shareholders' Equity	1.29B	5.67B	5.55B	5.24B	6.55B	6.34B	6.91B	6.42B	7.39B	0
Common Stock	1M	2M	2M	0	0	0	0	0	0	0
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-71M	-77M	-88M	0	0	0	0	0	0	0
Minority Interest	5.96B	2M	3M	2M	5M	600M	25M	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	378M	-75M	268M	294M	-139M	481M	534M	619M	567M	908M
Operating CF Margin %	-	-4.21%	14.67%	14.54%	-12.14%	22.52%	20.75%	19.21%	15.52%	-
Operating CF Growth %	1180%	-119.84%	457.33%	9.7%	-147.28%	446.04%	11.02%	15.92%	-8.4%	60.14%
Net Income	329M	257M	-150M	-311M	-594M	-120M	562M	185M	-30M	555M
Depreciation & Amortization	10M	405M	460M	453M	441M	397M	362M	369M	352M	393M
Stock-Based Compensation	13M	32M	25M	28M	21M	29M	16M	20M	30M	21M
Deferred Taxes	126M	-529M	-71M	-112M	-102M	-46M	-415M	-158M	-72M	18M
Other Non-Cash Items	-71M	42M	-94M	178M	140M	78M	-107M	71M	352M	-79M
Working Capital Changes	-29M	-282M	98M	58M	-45M	143M	116M	132M	-65M	0
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	-12M	-359M	133M	38M	-8M	0	0	0	0	0
Cash from Investing+	-641M	-1.66B	227M	37M	75M	-600M	394M	-510M	-292M	-3.2B
Capital Expenditures	-2M	-10M	-14M	-44M	-21M	-17M	-291M	-426M	-75M	0
CapEx % of Revenue	-	0.56%	0.77%	2.18%	1.83%	0.8%	11.31%	13.22%	2.05%	-
Acquisitions	-764M	-1.66B	-9M	-6M	88M	-140M	-43M	-173M	-212M	-3.27B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	49M	-3M	6M	24M	12M	-72M	733M	-21M	-15M	64M
Cash from Financing+	355M	1.85B	-616M	96M	1.16B	512M	-1.27B	-435M	965M	694M
Debt Issued (Net)	436M	-73M	-610M	122M	657M	-322M	-744M	-70M	-32M	0
Equity Issued (Net)	0	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-11M	0	-3M	-24M	-69M	-55M	-616M	-9M	0	0
Other Financing	-81M	-18M	-3M	-2M	573M	314M	91M	-356M	58M	694M
Net Change in Cash	92M	114M	-122M	427M	1.1B	390M	-341M	-325M	1.23B	-1.91B
Free Cash Flow+	376M	-85M	254M	250M	-160M	464M	243M	193M	492M	908M
FCF Margin %	-	-4.77%	13.9%	12.36%	-13.97%	21.72%	9.44%	5.99%	13.47%	-
FCF Growth %	652.94%	-122.61%	398.82%	-1.57%	-164%	390%	-47.63%	-20.58%	154.92%	84.55%
FCF per Share	1.17	-0.40	1.09	1.08	-0.69	2.00	1.00	0.82	2.05	-
FCF Conversion (FCF/Net Income)	1.15x	-0.29x	-1.79x	-0.95x	0.23x	-2.53x	0.96x	3.35x	-18.90x	-15.93x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.27%	3.95%	-2.67%	-5.76%	-10.11%	-2.82%	8.04%	2.77%	-0.43%	-
Return on Invested Capital (ROIC)	3.73%	-0.3%	-0.76%	-0.25%	-3.51%	0.35%	1.56%	2.77%	2.75%	-
Gross Margin	-	31.63%	30.32%	31.06%	14.93%	30.29%	31.99%	30.48%	31.89%	-
Net Margin	-	14.3%	-8.21%	-15.38%	-52.05%	-8.9%	21.69%	5.74%	-0.82%	-
Debt / Equity	0.22x	1.02x	0.91x	1.08x	0.57x	0.52x	0.42x	0.45x	0.40x	-
Interest Coverage	23.32x	-0.18x	-0.57x	-0.18x	-3.04x	0.33x	1.16x	1.39x	1.38x	-
FCF Conversion	1.15x	-0.29x	-1.79x	-0.95x	0.23x	-2.53x	0.96x	3.35x	-18.90x	-15.93x
Revenue Growth	-100%	-	2.47%	10.67%	-43.37%	86.55%	20.46%	25.22%	13.38%	-100%

US Stock Screener

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Formula One Group (FWONK) 10-Year Financial Performance & Capital Metrics

FWONK •

Communication ServicesEntertainmentLive Events and Sports Operators

Revenue $0 -100.0%
EBITDA -$35M -105.5%
Net Income -$57M -90.0%
EPS (Diluted) 0.00 +100.0%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -
ROIC -
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 100.0% through buybacks

✗Weaknesses

✗Weak 3Y average ROE of 1.2%
✗Weak Piotroski F-Score: 3/9
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-71.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM367.71%

EPS CAGR

10Y-

5Y-

3Y-

TTM2100.11%

ROCE

10Y Avg1.9%

5Y Avg1.48%

3Y Avg1.78%

Latest-0.55%

Peer Comparison

Live Events and Sports Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TKOTKO Group Holdings, Inc.	26B	223.87	99.06	68.85%	4.13%	2.11%	4.94%	0.44
MSGEMadison Square Garden Entertainment Corp.	2.55B	63.14	82	-1.72%	5.12%	144.17%	3.65%
TDICDreamland Limited Class A Ordinary Shares	6.12M	0.17	6.33	124.08%	14.03%	112.46%		1.62
HOFVHall of Fame Resort & Entertainment Company	2.35M	0.35	-0.04	-12.12%	-366.24%	-207.29%		3.45
CPOPPop Culture Group Co., Ltd	188.22K	0.33	-0.08	155.52%	-30.56%	-102.2%		0.41
SPHRSphere Entertainment Co.	817.24M	119.01	-20.95		-9.54%	-4.7%		0.63
MANUManchester United plc	1.01B	18.01	-70.46	0.72%	-1.39%	-4.76%	3.73%	3.33
BATRKAtlanta Braves Holdings, Inc.	2.24B	43.71	-118.14	10.52%	-3.19%	-4.34%		1.56

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	0	1.78B	1.83B	2.02B	1.15B	2.14B	2.57B	3.22B	3.65B	0
Revenue Growth %	-100%	-	2.47%	10.67%	-43.37%	86.55%	20.46%	25.22%	13.38%	-100%
Cost of Goods Sold+	10M	1.22B	1.27B	1.39B	974M	1.49B	1.75B	2.24B	2.49B	0
COGS % of Revenue	-	68.37%	69.68%	68.94%	85.07%	69.71%	68.01%	69.52%	68.11%	-
Gross Profit+	-10M	564M	554M	628M	171M	647M	823M	982M	1.17B	0
Gross Margin %	-	31.63%	30.32%	31.06%	14.93%	30.29%	31.99%	30.48%	31.89%	-
Gross Profit Growth %	-100.48%	5740%	-1.77%	13.36%	-72.77%	278.36%	27.2%	19.32%	18.64%	-100%
Operating Expenses+	58M	604M	664M	663M	615M	607M	650M	685M	878M	35M
OpEx % of Revenue	-	33.88%	36.34%	32.79%	53.71%	28.42%	25.26%	21.26%	24.04%	-
Selling, General & Admin	58M	199M	204M	210M	174M	210M	288M	316M	408M	35M
SG&A % of Revenue	-	11.16%	11.17%	10.39%	15.2%	9.83%	11.19%	9.81%	11.17%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	21M	405M	460M	453M	441M	397M	362M	369M	470M	0
Operating Income+	443M	-40M	-110M	-35M	-444M	40M	173M	297M	287M	-35M
Operating Margin %	-	-2.24%	-6.02%	-1.73%	-38.78%	1.87%	6.72%	9.22%	7.86%	-
Operating Income Growth %	646.91%	-109.03%	-175%	68.18%	-1168.57%	109.01%	332.5%	71.68%	-3.37%	-112.2%
EBITDA+	453M	365M	350M	418M	-3M	437M	535M	666M	639M	-35M
EBITDA Margin %	-	20.47%	19.16%	20.67%	-0.26%	20.46%	20.79%	20.67%	17.49%	-
EBITDA Growth %	729.17%	-19.43%	-4.11%	19.43%	-100.72%	14666.67%	22.43%	24.49%	-4.05%	-105.48%
D&A (Non-Cash Add-back)	10M	405M	460M	453M	441M	397M	362M	369M	352M	0
EBIT	-68M	-84M	-8M	-206M	-560M	-34M	400M	425M	225M	0
Net Interest Income+	0	-220M	-192M	-195M	-139M	-123M	-149M	-214M	-208M	0
Interest Income	0	0	0	0	7M	0	0	0	0	0
Interest Expense	19M	220M	192M	195M	146M	123M	149M	214M	208M	-28M
Other Income/Expense	57M	-264M	-90M	-366M	-262M	-197M	78M	-86M	-270M	-14M
Pretax Income+	500M	-304M	-200M	-401M	-706M	-157M	251M	211M	17M	-49M
Pretax Margin %	-	-17.05%	-10.95%	-19.83%	-61.66%	-7.35%	9.76%	6.55%	0.47%	-
Income Tax+	171M	-561M	-50M	-90M	-112M	-37M	-311M	27M	47M	8M
Effective Tax Rate %	65.8%	-83.88%	75%	77.56%	84.42%	121.02%	222.31%	87.68%	-176.47%	116.33%
Net Income+	329M	255M	-150M	-311M	-596M	-190M	558M	185M	-30M	-57M
Net Margin %	-	14.3%	-8.21%	-15.38%	-52.05%	-8.9%	21.69%	5.74%	-0.82%	-
Net Income Growth %	288%	-22.49%	-158.82%	-107.33%	-91.64%	68.12%	393.68%	-66.85%	-116.22%	-90%
Net Income (Continuing)	329M	257M	-150M	-311M	-594M	-120M	562M	184M	-30M	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	5.96B	2M	3M	2M	5M	600M	25M	0	0	0
EPS (Diluted)+	1.02	1.21	-0.65	-1.35	-2.57	-0.82	2.15	0.62	-0.12	0.00
EPS Growth %	368.42%	18.63%	-153.72%	-107.69%	-90.37%	68.09%	362.2%	-71.16%	-119.35%	100%
EPS (Basic)	1.03	1.23	-0.65	-1.35	-2.57	-0.82	2.39	0.79	-0.13	0.00
Diluted Shares Outstanding	321.01M	211M	232M	231M	232M	232M	244M	234.62M	240M	0
Basic Shares Outstanding	318.01M	207M	231M	231M	232M	232M	233M	234M	230.77M	0
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	175M	479M	310M	748M	2.26B	2.37B	2.02B	1.71B	3.02B	1.05B
Cash & Short-Term Investments	168M	282M	160M	587M	1.68B	2.07B	1.73B	1.41B	2.63B	1.05B
Cash Only	168M	282M	160M	587M	1.68B	2.07B	1.73B	1.41B	2.63B	1.05B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2M	84M	110M	69M	121M	66M	123M	123M	114M	0
Days Sales Outstanding	-	17.2	21.98	12.46	38.57	11.28	17.45	13.93	11.39	-
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	5M	113M	40M	92M	459M	229M	167M	180M	277M	0
Total Non-Current Assets+	2.82B	11.32B	10.65B	10.76B	8.93B	9.29B	8.99B	8.56B	8.74B	0
Property, Plant & Equipment	89M	95M	90M	112M	124M	119M	408M	838M	810M	0
Fixed Asset Turnover	-	18.77x	20.30x	18.05x	9.23x	17.95x	6.31x	3.84x	4.51x	-
Goodwill	0	3.96B	3.96B	3.96B	3.96B	3.96B	3.96B	3.96B	4.13B	0
Intangible Assets	1M	5.11B	4.74B	4.3B	3.88B	3.51B	3.16B	2.86B	2.69B	0
Long-Term Investments	2.38B	1.66B	1.45B	1.17B	207M	221M	253M	41M	33M	0
Other Non-Current Assets	350M	470M	325M	1.21B	757M	1.49B	1.21B	255M	494M	0
Total Assets+	3B	11.8B	10.96B	11.51B	11.19B	11.66B	11.02B	10.27B	11.76B	1.05B
Asset Turnover	-	0.15x	0.17x	0.18x	0.10x	0.18x	0.23x	0.31x	0.31x	-
Asset Growth %	53.43%	294.06%	-7.16%	5%	-2.73%	4.23%	-5.56%	-6.8%	14.53%	-91.03%
Total Current Liabilities+	31M	305M	360M	426M	692M	1.3B	833M	787M	1.13B	0
Accounts Payable	16M	258M	233M	264M	150M	308M	396M	472M	645M	0
Days Payables Outstanding	584	77.25	66.81	69.12	56.21	75.5	82.59	76.91	94.62	-
Short-Term Debt	0	0	0	0	209M	695M	61M	36M	26M	0
Deferred Revenue (Current)	1.88B	8M	93M	113M	259M	253M	347M	247M	267M	0
Other Current Liabilities	15M	39M	34M	17M	17M	23M	29M	32M	192M	0
Current Ratio	5.65x	1.57x	0.86x	1.76x	3.27x	1.83x	2.43x	2.17x	2.67x	-
Quick Ratio	5.65x	1.57x	0.86x	1.76x	3.27x	1.83x	2.43x	2.17x	2.67x	-
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.68B	5.83B	5.04B	5.84B	3.94B	3.43B	3.25B	3.06B	3.24B	0
Long-Term Debt	1.58B	5.8B	5.04B	5.68B	3.55B	2.94B	2.89B	2.87B	2.97B	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	39M	-31M	-91M	0	0	0	0	3M	0	0
Other Non-Current Liabilities	56M	30M	5M	161M	394M	492M	362M	188M	275M	0
Total Liabilities	1.71B	6.13B	5.4B	6.26B	4.64B	4.72B	4.08B	3.85B	4.37B	0
Total Debt+	1.58B	5.8B	5.04B	5.68B	3.76B	3.63B	2.95B	2.91B	2.99B	0
Net Debt	1.42B	5.51B	4.88B	5.09B	2.08B	1.56B	1.21B	1.5B	361M	-1.05B
Debt / Equity	0.22x	1.02x	0.91x	1.08x	0.57x	0.52x	0.42x	0.45x	0.40x	-
Debt / EBITDA	3.49x	15.88x	14.40x	13.58x	-	8.31x	5.51x	4.36x	4.68x	-
Net Debt / EBITDA	3.12x	15.11x	13.94x	12.18x	-	3.56x	2.27x	2.25x	0.56x	-
Interest Coverage	23.32x	-0.18x	-0.57x	-0.18x	-3.04x	0.33x	1.16x	1.39x	1.38x	-
Total Equity+	7.25B	5.67B	5.55B	5.24B	6.55B	6.94B	6.93B	6.42B	7.39B	0
Equity Growth %	-11.43%	-21.74%	-2.08%	-5.62%	25.07%	5.87%	-0.07%	-7.44%	15.1%	-100%
Book Value per Share	22.57	26.88	23.94	22.69	28.25	29.91	28.42	27.36	30.78	-
Total Shareholders' Equity	1.29B	5.67B	5.55B	5.24B	6.55B	6.34B	6.91B	6.42B	7.39B	0
Common Stock	1M	2M	2M	0	0	0	0	0	0	0
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-71M	-77M	-88M	0	0	0	0	0	0	0
Minority Interest	5.96B	2M	3M	2M	5M	600M	25M	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	378M	-75M	268M	294M	-139M	481M	534M	619M	567M	908M
Operating CF Margin %	-	-4.21%	14.67%	14.54%	-12.14%	22.52%	20.75%	19.21%	15.52%	-
Operating CF Growth %	1180%	-119.84%	457.33%	9.7%	-147.28%	446.04%	11.02%	15.92%	-8.4%	60.14%
Net Income	329M	257M	-150M	-311M	-594M	-120M	562M	185M	-30M	555M
Depreciation & Amortization	10M	405M	460M	453M	441M	397M	362M	369M	352M	393M
Stock-Based Compensation	13M	32M	25M	28M	21M	29M	16M	20M	30M	21M
Deferred Taxes	126M	-529M	-71M	-112M	-102M	-46M	-415M	-158M	-72M	18M
Other Non-Cash Items	-71M	42M	-94M	178M	140M	78M	-107M	71M	352M	-79M
Working Capital Changes	-29M	-282M	98M	58M	-45M	143M	116M	132M	-65M	0
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	-12M	-359M	133M	38M	-8M	0	0	0	0	0
Cash from Investing+	-641M	-1.66B	227M	37M	75M	-600M	394M	-510M	-292M	-3.2B
Capital Expenditures	-2M	-10M	-14M	-44M	-21M	-17M	-291M	-426M	-75M	0
CapEx % of Revenue	-	0.56%	0.77%	2.18%	1.83%	0.8%	11.31%	13.22%	2.05%	-
Acquisitions	-764M	-1.66B	-9M	-6M	88M	-140M	-43M	-173M	-212M	-3.27B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	49M	-3M	6M	24M	12M	-72M	733M	-21M	-15M	64M
Cash from Financing+	355M	1.85B	-616M	96M	1.16B	512M	-1.27B	-435M	965M	694M
Debt Issued (Net)	436M	-73M	-610M	122M	657M	-322M	-744M	-70M	-32M	0
Equity Issued (Net)	0	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-11M	0	-3M	-24M	-69M	-55M	-616M	-9M	0	0
Other Financing	-81M	-18M	-3M	-2M	573M	314M	91M	-356M	58M	694M
Net Change in Cash	92M	114M	-122M	427M	1.1B	390M	-341M	-325M	1.23B	-1.91B
Free Cash Flow+	376M	-85M	254M	250M	-160M	464M	243M	193M	492M	908M
FCF Margin %	-	-4.77%	13.9%	12.36%	-13.97%	21.72%	9.44%	5.99%	13.47%	-
FCF Growth %	652.94%	-122.61%	398.82%	-1.57%	-164%	390%	-47.63%	-20.58%	154.92%	84.55%
FCF per Share	1.17	-0.40	1.09	1.08	-0.69	2.00	1.00	0.82	2.05	-
FCF Conversion (FCF/Net Income)	1.15x	-0.29x	-1.79x	-0.95x	0.23x	-2.53x	0.96x	3.35x	-18.90x	-15.93x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.27%	3.95%	-2.67%	-5.76%	-10.11%	-2.82%	8.04%	2.77%	-0.43%	-
Return on Invested Capital (ROIC)	3.73%	-0.3%	-0.76%	-0.25%	-3.51%	0.35%	1.56%	2.77%	2.75%	-
Gross Margin	-	31.63%	30.32%	31.06%	14.93%	30.29%	31.99%	30.48%	31.89%	-
Net Margin	-	14.3%	-8.21%	-15.38%	-52.05%	-8.9%	21.69%	5.74%	-0.82%	-
Debt / Equity	0.22x	1.02x	0.91x	1.08x	0.57x	0.52x	0.42x	0.45x	0.40x	-
Interest Coverage	23.32x	-0.18x	-0.57x	-0.18x	-3.04x	0.33x	1.16x	1.39x	1.38x	-
FCF Conversion	1.15x	-0.29x	-1.79x	-0.95x	0.23x	-2.53x	0.96x	3.35x	-18.90x	-15.93x
Revenue Growth	-100%	-	2.47%	10.67%	-43.37%	86.55%	20.46%	25.22%	13.38%	-100%

Formula One Group (FWONK) 10-Year Financial Performance & Capital Metrics

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Formula One Group (FWONK) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare FWONK vs Peers

vs LYV

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