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). Read WMG liabilities breakdown for a breakdown of total debt and financial obligations.
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 Warner Music Group capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 market cap overview.
| 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 | — |