Last 47 quarters of trend data · Communication Services · Music & Audio
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 24.43 | 17.35 | 18.24 | 22.55 | 40.55 | — | 113.26 | 17.22 | 101.23 | 29.47 | 45.86 | 29.82 | 26.17 | 27.18 | 126.40 | 36.48 | 20.72 | 25.38 | 52.57 | 29.99 | 196.42 |
| — | — | -83.9% | +30.9% | -59.9% | — | +147.0% | -42.3% | +286.9% | +8.4% | -63.7% | -18.2% | +26.3% | +7.1% | +140.4% | +21.7% | -89.4% | -66.2% | +34.8% | -40.0% | — | |
| P/S Ratio | 2.24 | 1.90 | 1.91 | 2.16 | 2.37 | 2.10 | 2.75 | 2.41 | 2.49 | 2.55 | 2.86 | 2.64 | 2.55 | 2.15 | 3.08 | 3.03 | 2.05 | 2.19 | 3.54 | 3.44 | 3.99 |
| — | -9.4% | -30.4% | -10.3% | -4.8% | -17.7% | -4.0% | -8.8% | -2.7% | +18.7% | -7.0% | -12.8% | +24.7% | -1.7% | -13.1% | -12.0% | -48.7% | -36.7% | +0.2% | -5.2% | +22.7% | |
| P/B Ratio | 21.46 | 13.07 | 13.64 | 19.20 | 23.35 | 17.49 | 20.65 | 23.06 | 24.01 | 25.00 | 29.23 | 30.01 | 37.68 | 45.02 | 64.72 | 63.96 | 73.02 | 72.91 | 112.63 | 129.27 | 477.90 |
| — | -25.2% | -33.9% | -16.7% | -2.7% | -30.0% | -29.4% | -23.2% | -36.3% | -44.5% | -54.8% | -53.1% | -48.4% | -38.3% | -42.5% | -50.5% | -84.7% | -62.6% | -53.4% | -78.0% | — | |
| P/FCF | 20.07 | 31.13 | 30.97 | 10.20 | 21.77 | 507.11 | — | 13.57 | 19.57 | 24.80 | — | 22.54 | 16.95 | 32.99 | — | 29.09 | 8.64 | 26.35 | 405.93 | — | 32.14 |
| — | -93.9% | — | -24.8% | +11.3% | +1944.7% | — | -39.8% | +15.5% | -24.8% | — | -22.5% | +96.2% | +25.2% | — | — | -73.1% | — | +1067.9% | — | +11.4% | |
| EV / EBITDA | 13.96 | 11.12 | 11.70 | 11.71 | 22.02 | 17.25 | 19.60 | 16.24 | 21.90 | 17.00 | 25.72 | 12.66 | 17.03 | 15.59 | 25.23 | 15.43 | 16.02 | 17.46 | 22.78 | 20.27 | 35.14 |
| — | -35.6% | -40.3% | -27.9% | +0.5% | +1.5% | -23.8% | +28.3% | +28.6% | +9.0% | +1.9% | -17.9% | +6.3% | -10.7% | +10.7% | -23.9% | -54.4% | -22.8% | +0.1% | -4.1% | +24.2% | |
| EV / EBIT | 29.41 | 15.73 | 14.79 | 17.15 | 36.50 | 142.89 | 48.63 | 13.28 | 54.39 | 23.13 | 33.30 | 18.11 | 19.98 | 20.92 | 56.15 | 26.39 | 18.00 | 20.76 | 36.77 | 22.14 | 77.66 |
| — | -89.0% | -69.6% | +29.1% | -32.9% | +517.9% | +46.0% | -26.7% | +172.2% | +10.6% | -40.7% | -31.4% | +11.0% | +0.8% | +52.7% | +19.2% | -76.8% | -49.7% | +41.7% | -35.2% | -84.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.8% | 45.8% | 46.3% | 46.4% | 44.6% | 45.9% | 46.7% | 46.3% | 47.6% | 46.6% | 47.1% | 49.7% | 46.7% | 45.7% | 48.5% | 48.9% | 46.6% | 46.5% | 49.3% | 49.3% | 45.3% |
| — | -0.3% | -0.8% | +0.0% | -6.2% | -1.4% | -0.8% | -6.7% | +1.9% | +2.1% | -2.9% | +1.6% | +0.2% | -1.8% | -1.8% | -0.9% | +2.8% | -5.4% | -1.6% | +1.4% | -1.8% | |
| Operating Margin | 10.3% | 16.4% | 15.6% | 17.8% | 7.7% | 10.0% | 11.3% | 12.8% | 8.8% | 13.3% | 8.0% | 20.3% | 13.4% | 12.1% | 8.9% | 17.8% | 10.9% | 10.2% | 12.1% | 14.8% | 7.3% |
| — | +63.5% | +37.7% | +38.4% | -12.7% | -24.9% | +42.1% | -36.6% | -34.4% | +10.2% | -10.1% | +13.7% | +22.8% | +18.5% | -26.5% | +20.3% | +49.8% | -15.7% | -0.1% | +0.9% | -7.0% | |
| Net Margin | 5.4% | 10.9% | 10.6% | 9.6% | 5.8% | -0.9% | 2.4% | 14.2% | 2.5% | 8.9% | 6.4% | 9.1% | 9.6% | 7.8% | 2.4% | 8.2% | 9.9% | 8.7% | 6.7% | 11.6% | 2.0% |
| — | +1255.3% | +335.5% | -32.5% | +132.0% | -110.6% | -62.2% | +55.7% | -73.8% | +14.7% | +164.4% | +10.9% | -3.1% | -9.9% | -63.7% | -29.2% | +385.8% | +90.2% | -28.6% | +57.8% | +2391.6% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 51.0% | 19.8% | 20.3% | 22.2% | 13.9% | -2.0% | 4.8% | 34.4% | 6.3% | 22.8% | 16.0% | 30.4% | 41.7% | 43.2% | 12.4% | 54.2% | 87.1% | 71.9% | 53.3% | 171.6% | 39.7% |
| — | +1092.5% | +319.7% | -35.5% | +122.0% | -108.8% | -69.7% | +13.2% | -85.0% | -47.2% | +28.8% | -43.9% | -52.1% | -39.9% | -76.7% | -68.4% | +119.2% | -1.0% | -75.8% | -42.2% | — | |
| ROA | 3.8% | 1.9% | 1.8% | 1.8% | 1.1% | -0.2% | 0.4% | 2.6% | 0.5% | 1.6% | 1.1% | 1.8% | 1.8% | 1.5% | 0.4% | 1.5% | 1.9% | 1.6% | 1.2% | 2.5% | 0.4% |
| — | +1256.0% | +361.3% | -31.2% | +143.9% | -110.4% | -64.5% | +42.2% | -75.0% | +4.8% | +157.2% | +18.6% | -4.5% | -5.8% | -63.8% | -37.7% | +385.1% | +82.1% | -31.4% | +67.3% | +2571.7% | |
| ROIC | 11.4% | 4.3% | 4.0% | 5.1% | 2.2% | 2.6% | 2.9% | 3.8% | 2.5% | 3.6% | 2.1% | 6.5% | 4.0% | 3.6% | 2.4% | 5.4% | 3.3% | 2.8% | 3.2% | 5.0% | 2.3% |
| — | +64.3% | +41.2% | +32.1% | -12.2% | -27.4% | +34.7% | -40.8% | -36.6% | +1.7% | -12.0% | +20.1% | +21.4% | +27.8% | -24.4% | +6.8% | +42.9% | -24.9% | -10.5% | +3.6% | -2.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.09 | 4.53 | 5.08 | 5.78 | 6.09 | 5.69 | 5.77 | 6.06 | 6.35 | 6.70 | 7.29 | 6.97 | 9.91 | 14.36 | 16.07 | 14.96 | 23.89 | 23.72 | 23.92 | 24.21 | 79.91 |
| — | -20.4% | -11.8% | -4.6% | -4.2% | -15.1% | -20.9% | -13.1% | -35.9% | -53.4% | -54.6% | -53.4% | -58.5% | -39.5% | -32.8% | -38.2% | -70.1% | -39.2% | -52.6% | -78.6% | — | |
| Debt / EBITDA | 4.31 | 11.82 | 13.25 | 11.25 | 18.66 | 17.43 | 17.66 | 14.08 | 18.97 | 14.82 | 21.12 | 9.88 | 14.64 | 15.61 | 20.65 | 12.09 | 16.38 | 17.51 | 16.23 | 13.01 | 20.54 |
| — | -32.1% | -25.0% | -20.1% | -1.7% | +17.6% | -16.4% | +42.6% | +29.6% | -5.1% | +2.3% | -18.3% | -10.6% | -10.8% | +27.2% | -7.1% | -20.2% | +13.9% | +0.4% | -6.8% | -7.5% | |
| Current Ratio | 0.66 | 0.73 | 0.73 | 0.70 | 0.66 | 0.66 | 0.66 | 0.69 | 0.68 | 0.69 | 0.69 | 0.70 | 0.68 | 0.70 | 0.69 | 0.70 | 0.64 | 0.61 | 0.61 | 0.60 | 0.60 |
| — | +11.0% | +9.7% | +1.1% | -2.8% | -4.8% | -4.3% | -0.9% | -0.1% | -1.3% | -0.1% | -0.3% | +6.9% | +15.7% | +13.7% | +16.3% | +5.5% | +1.9% | -3.2% | -4.8% | -2.4% | |
| Quick Ratio | 0.64 | 0.72 | 0.71 | 0.69 | 0.64 | 0.64 | 0.64 | 0.67 | 0.65 | 0.67 | 0.67 | 0.67 | 0.64 | 0.67 | 0.66 | 0.67 | 0.60 | 0.58 | 0.58 | 0.58 | 0.57 |
| — | +12.9% | +11.3% | +2.3% | -1.3% | -4.9% | -3.7% | +0.1% | +1.5% | +0.0% | +1.2% | +0.1% | +6.6% | +15.6% | +13.4% | +16.1% | +5.7% | +1.5% | -3.6% | -5.1% | -3.0% | |
| Interest Coverage | 4.10 | 6.00 | 7.20 | 6.47 | 3.73 | 0.74 | 2.67 | 9.92 | 2.27 | 5.28 | 3.71 | 7.79 | 6.89 | 5.39 | 2.66 | 6.38 | 7.03 | 6.13 | 4.94 | 9.77 | 2.79 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying WMG stock.
Warner Music Group Corp.'s current P/E is 24.4x. The average P/E over the last 4 quarters is 24.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Warner Music Group Corp.'s current operating margin is 10.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Warner Music Group Corp.'s business trajectory between earnings reports.