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 June 2026. Free cash flow of $114.00 Million represents 1% of operating cash flow ($142.00 Million). Explore WMG capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see Warner Music Group operating cash flow efficiency.
Annual Free Cash Flow Generation for Warner Music Group (2003–2025)
Year-by-year Free Cash Flow Generation Index for Warner Music Group. Check Warner Music Group cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |