Warner Music Group (WMG) — Free Cash Flow Generation Index
Warner Music Group (WMG) has a Free Cash Flow Generation Index of 0.80x as of March 2026. Free cash flow of $107.00 Million represents 1% of operating cash flow ($134.00 Million). See WMG net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Warner Music Group Free Cash Flow Generation Index (2003–2025)
Historical FCF Generation Index trend for Warner Music Group across 22 annual periods. Explore WMG debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Warner Music Group (2003–2025)
Year-by-year Free Cash Flow Generation Index for Warner Music Group. For the full company profile including market capitalisation, see WMG company net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.79x | $539.00 Million | $678.00 Million | $139.00 Million | ▼ -6.0% |
| 2024 | 0.85x | $638.00 Million | $754.00 Million | $116.00 Million | ▲ +30.3% |
| 2023 | 0.65x | $446.00 Million | $687.00 Million | $241.00 Million | ▲ +15.8% |
| 2022 | 0.56x | $416.00 Million | $742.00 Million | $326.00 Million | ▲ +458.9% |
| 2021 | 0.10x | $64.00 Million | $638.00 Million | $574.00 Million | ▼ -86.3% |
| 2020 | 0.73x | $338.00 Million | $463.00 Million | $125.00 Million | ▲ +14.5% |
| 2019 | 0.64x | $255.00 Million | $400.00 Million | $145.00 Million | ▼ -19.6% |
| 2018 | 0.79x | $337.00 Million | $425.00 Million | $88.00 Million | ▼ -10.7% |
| 2017 | 0.89x | $475.00 Million | $535.00 Million | $60.00 Million | ▲ +10.4% |
| 2016 | 0.80x | $275.00 Million | $342.00 Million | $67.00 Million | ▲ +24.8% |
| 2015 | 0.64x | $143.00 Million | $222.00 Million | $79.00 Million | ▲ +199.1% |
| 2014 | 0.22x | $28.00 Million | $130.00 Million | $102.00 Million | ▼ -61.1% |
| 2013 | 0.55x | $88.00 Million | $159.00 Million | $71.00 Million | ▼ -20.2% |
| 2012 | 0.69x | $145.00 Million | $209.00 Million | $64.00 Million | ▲ +65.2% |
| 2010 | 0.42x | $63.00 Million | $150.00 Million | $87.00 Million | ▼ -50.0% |
| 2009 | 0.84x | $199.00 Million | $237.00 Million | $38.00 Million | ▲ +3.3% |
| 2008 | 0.81x | $247.00 Million | $304.00 Million | $57.00 Million | ▼ -10.1% |
| 2007 | 0.90x | $273.00 Million | $302.00 Million | $29.00 Million | ▲ +0.2% |
| 2006 | 0.90x | $277.00 Million | $307.00 Million | $30.00 Million | ▲ +5.7% |
| 2005 | 0.85x | $175.00 Million | $205.00 Million | $30.00 Million | ▲ +3.4% |
| 2004 | 0.83x | $71.00 Million | $86.00 Million | $15.00 Million | ▲ +1.1% |
| 2003 | 0.82x | $227.00 Million | $278.00 Million | $51.00 Million | — |