TKO Group vs Warner Music Group
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put TKO Group and Warner Music Group side by side, using each one’s latest annual report. Here is what stands out:
- Warner Music Group is the larger business, with $6.7B of revenue in fiscal 2025 against $4.7B for TKO Group.
- Warner Music Group grew revenue faster (4.4%, against −3.1%).
- TKO Group kept more of each dollar of sales as operating profit (17.6% operating margin, against 10.4%).
- Warner Music Group earned a higher return on the capital invested in it (12.2%, against 5.9%).
Who comes out ahead
Of the 6 measures where higher (or lower) is clearly better, how many each company leads.
TKO Group
TKO
2/6
Operating marginNet debt / EBITDA
Warner Music Group
WMG
4/6
Revenue growthNet marginReturn on capitalReturn on equity
Side by side
Best in the row
| Latest fiscal year | TKO FY25 | WMG FY25 |
|---|---|---|
| Size | ||
| Market cap | $13.1B | — |
| Revenue | $4.7B | $6.7B |
| Free cash flow | — | $539M |
| Net income | $195M | $365M |
| Growth | ||
| Revenue growth | −3.1% | 4.4% |
| 5-year growth | — | 8.5% |
| Share count change | 12.9% | — |
| Profitability | ||
| Gross margin | — | 45.9% |
| Operating margin | 17.6% | 10.4% |
| Net margin | 4.1% | 5.4% |
| FCF margin | — | 8.0% |
| Return on capital | 5.9% | 12.2% |
| Return on equity | 5.0% | 62.7% |
| Balance sheet | ||
| Net debt | $3.2B | $3.8B |
| Net debt / EBITDA | 2.4x | 3.6x |
| Dividends and buybacks | $1.1B | $399M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 5 | — |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.