Warner Music Group (WMG) - Net Assets

Latest 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. Check how resilient are Warner Music Group's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore Warner Music Group (WMG) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see WMG market cap.

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
PPB Group Bhd
KLSE:4065
 $4.11 Billion
IGO Ltd
AU:IGO
 $4.12 Billion
Uni-President China Holdings Ltd
F:58U
 $4.12 Billion
AIXTRON SE
XETRA:AIXA
 $4.12 Billion
Terns Pharmaceuticals Inc
NASDAQ:TERN
 $4.11 Billion
Bank Handlowy w Warszawie SA
WAR:BHW
 $4.11 Billion
Sphere Entertainment Co.
NYSE:SPHR
 $4.11 Billion
KLCC Property Holdings Bhd
KLSE:5235SS
 $4.11 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: 22.45x
  • 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 2.69x to 22.45x 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 $27.98 x
2002-09-30 $5.98 $27.98 x
2003-09-30 $3.16 $27.98 x
2004-09-30 $0.56 $27.98 x
2005-09-30 $0.74 $27.98 x
2006-09-30 $0.38 $27.98 x
2007-09-30 $-0.25 $27.98 x
2008-09-30 $-0.58 $27.98 x
2009-09-30 $-0.96 $27.98 x
2010-09-30 $-1.77 $27.98 x
2011-09-30 $3.26 $27.98 x
2012-09-30 $1.85 $27.98 x
2013-09-30 $1.45 $27.98 x
2014-09-30 $0.74 $27.98 x
2015-09-30 $0.44 $27.98 x
2016-09-30 $0.39 $27.98 x
2017-09-30 $0.58 $27.98 x
2018-09-30 $-0.67 $27.98 x
2019-09-30 $-0.58 $27.98 x
2020-09-30 $-0.12 $27.98 x
2021-09-30 $0.06 $27.98 x
2022-09-30 $0.30 $27.98 x
2023-09-30 $0.60 $27.98 x
2024-09-30 $1.00 $27.98 x
2025-09-30 $1.25 $27.98 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: $233,235,728
  • Average return on equity (ROE) among peers: -276.30%

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 $4.11 Billion
AI Era Corp. (ABQQD) $1.46 Million 37.15% 0.61x $772.11K
Color Star Technology Co. Ltd. (ADD) $520.80K -2762.79% 103.00x $63.13K
Alliance Entertainment Holding Corporation Class A Common Stock (AENT) $52.92 Million 10.13% 4.23x $397.98 Million
Allied Gaming & Entertainment Inc. (AGAE) $140.47 Million -21.80% 0.01x $10.16 Million
Passat Société Anonyme (ALXIL) $74.08 Million 7.02% 0.87x $17.05 Million
AMC Entertainment Holdings Inc (AMC) $378.48 Million -43.28% 8.89x $598.39 Million
AMC Networks Inc (AMCX) $1.19 Billion 21.12% 3.85x $267.64 Million
Anghami De Inc (ANGH) $-6.44 Million 0.00% 0.00x $33.54 Million
Angel Studios, Inc. (ANGX) $210.34 Million 1.11% 0.12x $349.82 Million
Atlanta Braves Holdings, Inc. Series A Common Stock (BATRA) $294.00 Million -11.62% 4.02x $558.63 Million

About Warner Music Group

NASDAQ:WMG USA Entertainment
Market Cap
$4.11 Billion
Market Cap Rank
#4084 Global
#1352 in USA
Share Price
$27.98
Change (1 day)
-1.03%
52-Week Range
$23.65 - $34.24
All Time High
$46.30
Categories
Companies in USA Entertainment
About

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