Warner Music Group
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The company is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by recording artists; m… Read more
Warner Music Group (WMG) - Net Assets
Latest net assets as of December 2025: $829.00 Million USD
Based on the latest financial reports, Warner Music Group (WMG) has net assets worth $829.00 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.01 Billion) and total liabilities ($9.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $829.00 Million |
| % of Total Assets | 8.28% |
| Annual Growth Rate | -5.81% |
| 5-Year Change | 1545.65% |
| 10-Year Change | 260.48% |
| Growth Volatility | 110.54 |
Warner Music Group - Net Assets Trend (2002–2025)
This chart illustrates how Warner Music Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Warner Music Group (2002–2025)
The table below shows the annual net assets of Warner Music Group from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $757.00 Million | +12.15% |
| 2024-09-30 | $675.00 Million | +56.98% |
| 2023-09-30 | $430.00 Million | +155.95% |
| 2022-09-30 | $168.00 Million | +265.22% |
| 2021-09-30 | $46.00 Million | +202.22% |
| 2020-09-30 | $-45.00 Million | +83.27% |
| 2019-09-30 | $-269.00 Million | +15.94% |
| 2018-09-30 | $-320.00 Million | -203.90% |
| 2017-09-30 | $308.00 Million | +46.67% |
| 2016-09-30 | $210.00 Million | -12.13% |
| 2015-09-30 | $239.00 Million | -38.72% |
| 2014-09-30 | $390.00 Million | -47.51% |
| 2013-09-30 | $743.00 Million | -21.29% |
| 2012-09-30 | $944.00 Million | -12.75% |
| 2011-09-30 | $1.08 Billion | +612.80% |
| 2010-09-30 | $-211.00 Million | -151.19% |
| 2009-09-30 | $-84.00 Million | +2.33% |
| 2008-09-30 | $-86.00 Million | -258.33% |
| 2007-09-30 | $-24.00 Million | -141.38% |
| 2006-09-30 | $58.00 Million | -34.83% |
| 2005-09-30 | $89.00 Million | -81.61% |
| 2004-09-30 | $484.00 Million | +496.72% |
| 2003-09-30 | $-122.00 Million | -104.07% |
| 2002-09-30 | $3.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Warner Music Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 133100000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.00 Million | 0.15% |
| Other Comprehensive Income | $-189.00 Million | -29.21% |
| Other Components | $2.17 Billion | 334.78% |
| Total Equity | $647.00 Million | 100.00% |
Warner Music Group Competitors by Market Cap
The table below lists competitors of Warner Music Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Royal Unibrew A/S
CO:RBREW
|
$3.86 Billion |
|
Masan Group Corp
VN:MSN
|
$3.86 Billion |
|
Central Pattana Public Company Limited
PINK:CPNNF
|
$3.86 Billion |
|
Appfolio Inc
NASDAQ:APPF
|
$3.86 Billion |
|
Tokyu Fudosan Holdings Corporation
PINK:TTUUF
|
$3.85 Billion |
|
e.l.f. Beauty Inc
F:0EF
|
$3.85 Billion |
|
TRAVEL + LEISURE DL-01
F:WD5A
|
$3.85 Billion |
|
Datang International Power Generation Co Ltd Class A
SHG:601991
|
$3.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Warner Music Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 518,000,000 to 647,000,000, a change of 129,000,000 (24.9%).
- Net income of 365,000,000 contributed positively to equity growth.
- Dividend payments of 383,000,000 reduced retained earnings.
- Share repurchases of 16,000,000 reduced equity.
- Other comprehensive income increased equity by 58,000,000.
- Other factors increased equity by 105,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $365.00 Million | +56.41% |
| Dividends Paid | $383.00 Million | -59.2% |
| Share Repurchases | $16.00 Million | -2.47% |
| Other Comprehensive Income | $58.00 Million | +8.96% |
| Other Changes | $105.00 Million | +16.23% |
| Total Change | $- | 24.90% |
Book Value vs Market Value Analysis
This analysis compares Warner Music Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 21.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.54x to 21.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-09-30 | $10.41 | $26.48 | x |
| 2002-09-30 | $5.98 | $26.48 | x |
| 2003-09-30 | $3.16 | $26.48 | x |
| 2004-09-30 | $0.56 | $26.48 | x |
| 2005-09-30 | $0.74 | $26.48 | x |
| 2006-09-30 | $0.38 | $26.48 | x |
| 2007-09-30 | $-0.25 | $26.48 | x |
| 2008-09-30 | $-0.58 | $26.48 | x |
| 2009-09-30 | $-0.96 | $26.48 | x |
| 2010-09-30 | $-1.77 | $26.48 | x |
| 2011-09-30 | $3.26 | $26.48 | x |
| 2012-09-30 | $1.85 | $26.48 | x |
| 2013-09-30 | $1.45 | $26.48 | x |
| 2014-09-30 | $0.74 | $26.48 | x |
| 2015-09-30 | $0.44 | $26.48 | x |
| 2016-09-30 | $0.39 | $26.48 | x |
| 2017-09-30 | $0.58 | $26.48 | x |
| 2018-09-30 | $-0.67 | $26.48 | x |
| 2019-09-30 | $-0.58 | $26.48 | x |
| 2020-09-30 | $-0.12 | $26.48 | x |
| 2021-09-30 | $0.06 | $26.48 | x |
| 2022-09-30 | $0.30 | $26.48 | x |
| 2023-09-30 | $0.60 | $26.48 | x |
| 2024-09-30 | $1.00 | $26.48 | x |
| 2025-09-30 | $1.25 | $26.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Warner Music Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 56.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.44%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 15.19x
- Recent ROE (56.41%) is above the historical average (41.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -7.80% | -11.79% | 0.51x | 1.30x | $-930.80 Million |
| 2002 | -200.80% | -183.16% | 0.58x | 1.89x | $-6.33 Billion |
| 2003 | -85.26% | -40.08% | 0.75x | 2.83x | $-1.51 Billion |
| 2004 | -85.00% | -13.45% | 0.35x | 18.18x | $-266.00 Million |
| 2005 | -189.89% | -4.83% | 0.78x | 50.54x | $-177.90 Million |
| 2006 | 103.45% | 1.71% | 0.78x | 77.93x | $54.20 Million |
| 2007 | 0.00% | -0.62% | 0.74x | 0.00x | $-17.40 Million |
| 2008 | 0.00% | -1.60% | 0.78x | 0.00x | $-47.40 Million |
| 2009 | 0.00% | -3.13% | 0.79x | 0.00x | $-85.70 Million |
| 2010 | 0.00% | -4.79% | 0.79x | 0.00x | $-116.50 Million |
| 2011 | -12.96% | -4.81% | 0.53x | 5.05x | $-244.50 Million |
| 2012 | -12.08% | -4.03% | 0.53x | 5.69x | $-204.70 Million |
| 2013 | -27.27% | -6.90% | 0.46x | 8.61x | $-270.60 Million |
| 2014 | -83.02% | -10.18% | 0.51x | 16.05x | $-345.10 Million |
| 2015 | -41.18% | -3.07% | 0.53x | 25.43x | $-113.10 Million |
| 2016 | 12.82% | 0.77% | 0.61x | 27.36x | $5.50 Million |
| 2017 | 48.81% | 4.00% | 0.63x | 19.52x | $113.70 Million |
| 2018 | 0.00% | 7.67% | 0.75x | 0.00x | $340.40 Million |
| 2019 | 0.00% | 5.72% | 0.74x | 0.00x | $284.90 Million |
| 2020 | 0.00% | -10.64% | 0.70x | 0.00x | $-468.70 Million |
| 2021 | 980.65% | 5.73% | 0.74x | 232.61x | $300.90 Million |
| 2022 | 362.50% | 9.31% | 0.76x | 51.50x | $535.80 Million |
| 2023 | 140.07% | 7.12% | 0.71x | 27.83x | $399.30 Million |
| 2024 | 83.98% | 6.77% | 0.70x | 17.67x | $383.20 Million |
| 2025 | 56.41% | 5.44% | 0.68x | 15.19x | $300.30 Million |
Industry Comparison
This section compares Warner Music Group's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $265,814,216
- Average return on equity (ROE) among peers: -33.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Warner Music Group (WMG) | $829.00 Million | -7.80% | 11.08x | $3.85 Billion |
| AB International Group Corp (ABQQ) | $-6.78K | 0.00% | 0.00x | $405.91 |
| AI Era Corp. (ABQQD) | $4.02 Million | -54.05% | 0.45x | $87.52K |
| Color Star Technology Co. Ltd. (ADD) | $6.59 Million | -176.41% | 0.08x | $63.13K |
| Alliance Entertainment Holding Corporation Class A Common Stock (AENT) | $108.93 Million | 26.27% | 3.34x | $22.03 Million |
| All For One Media Corp (AFOM) | $-17.59 Million | 0.00% | 0.00x | $324.00 |
| Allied Gaming & Entertainment Inc. (AGAE) | $33.41 Million | -134.88% | 0.85x | $4.97 Million |
| AMC Entertainment Holdings Inc (AMC) | $1.51 Billion | 24.17% | 2.35x | $567.86 Million |
| AMC Networks Inc (AMCX) | $1.01 Billion | 8.82% | 2.88x | $212.42 Million |
| American Films Inc (AMFL) | $2.16 Million | -24.68% | 1.32x | $753.71 |
| Amcomri Entertainment Inc (AMNNF) | $-586.53K | 0.00% | 0.00x | $6.48K |