FOXA vs. WMG: Fox vs. Warner Music Stock Comparison
How do Fox (FOXA) and Warner Music (WMG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Fox (FOXA) and Warner Music (WMG) both fall under the Media & Entertainment industry group, but FOXA is classified in Media while WMG is classified in Entertainment.
| Profile Item | FOXA | WMG |
|---|---|---|
| Name | Fox Corporation Class A Common Stock | Warner Music Group Corp. |
| Country/Region | United States | United States |
| GICS Sector | Communication Services | Communication Services |
| GICS Industry Group | Media & Entertainment | Media & Entertainment |
| GICS Industry | Media | Entertainment |
| GICS Sub-Industry | Broadcasting | Movies & Entertainment |
| Market Capitalization | 28.11 billion USD | 16.37 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | March 12, 2019 | June 3, 2020 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FOXA | WMG |
|---|---|---|
| Total Return (1Y) | 2.22% | 6.98% |
| Total Return (3Y, Annualized) | 32.56% | 1.34% |
| Total Return (5Y, Annualized) | 11.89% | -6.02% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Warner Music (WMG) has an aggressive beta of 1.31, indicating higher sensitivity to broad-market moves, while Fox (FOXA) is defensive at 0.60 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | FOXA | WMG |
|---|---|---|
| Volatility (1Y, Annualized) | 35.63% | 35.24% |
| Beta (5Y) | 0.60 | 1.31 |
| Max Drawdown (5Y) | -35.58% | -53.17% |
| Avg. Volume (3M) | 5.36M | 2.05M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FOXA | WMG |
|---|---|---|
| Sharpe Ratio (1Y) | -0.06 | 0.08 |
| Sortino Ratio (1Y) | -0.08 | 0.11 |
Profitability
ROE (TTM)
Warner Music (WMG) at 70.07% clears its industry range for ROE, a sharper capital-efficiency signal than Fox (FOXA) at 16.57%, which is closer to a typical peer reading.
FOXA
Media & Entertainment industry group
16.57%
- Max
- 49.92%
- Q3
- 17.95%
- FOXA
- 16.57%
- Median
- 7.20%
- Q1
- -4.53%
- Min
- -26.31%
WMG
Media & Entertainment industry group
70.07%
- WMG
- 70.07%
- Max
- 49.92%
- Q3
- 17.95%
- Median
- 7.20%
- Q1
- -4.53%
- Min
- -26.31%
Net Margin (TTM)
Both Fox (FOXA) at 11.30% and Warner Music (WMG) at 9.20% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
FOXA
Media & Entertainment industry group
11.30%
- Max
- 32.91%
- Q3
- 11.75%
- FOXA
- 11.30%
- Median
- 5.04%
- Q1
- -4.17%
- Min
- -25.14%
WMG
Media & Entertainment industry group
9.20%
- Max
- 32.91%
- Q3
- 11.75%
- WMG
- 9.20%
- Median
- 5.04%
- Q1
- -4.17%
- Min
- -25.14%
Operating Margin (TTM)
Fox (FOXA) at 33.01% operates in the top operating margin quartile, ahead of Warner Music (WMG) at 16.74%, which runs around its industry’s norm.
FOXA
Media & Entertainment industry group
33.01%
- Max
- 40.16%
- FOXA
- 33.01%
- Q3
- 18.72%
- Median
- 8.63%
- Q1
- 1.90%
- Min
- -22.08%
WMG
Media & Entertainment industry group
16.74%
- Max
- 40.16%
- Q3
- 18.72%
- WMG
- 16.74%
- Median
- 8.63%
- Q1
- 1.90%
- Min
- -22.08%
Profitability Metrics
| Metric | FOXA | WMG |
|---|---|---|
| ROE (TTM) | 16.57% | 70.07% |
| ROA (TTM) | 10.91% | 7.65% |
| Net Margin (TTM) | 11.30% | 9.20% |
| Operating Margin (TTM) | 33.01% | 16.74% |
| Gross Margin (TTM) | 38.22% | 45.77% |
Growth
Revenue Growth
Both Fox (FOXA) at 5.07% and Warner Music (WMG) at 4.37% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Fox (FOXA) at -21.79% and Warner Music (WMG) at -16.87% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | FOXA | WMG |
|---|---|---|
| Revenue Growth (YoY) | 5.07% | 4.37% |
| Revenue Growth (3Y CAGR) | 4.72% | 4.25% |
| EPS Growth (YoY) | -21.79% | -16.87% |
| EPS Growth (3Y CAGR) | 18.12% | -13.33% |
Financial Strength
Current Ratio (MRQ)
Fox (FOXA) at 3.79 carries current ratio above its industry’s typical mid-range, while Warner Music (WMG) at 0.73 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
FOXA
Media & Entertainment industry group
3.79
- Max
- 4.69
- FOXA
- 3.79
- Q3
- 2.53
- Median
- 1.52
- Q1
- 0.95
- Min
- 0.28
WMG
Media & Entertainment industry group
0.73
- Max
- 4.69
- Q3
- 2.53
- Median
- 1.52
- Q1
- 0.95
- WMG
- 0.73
- Min
- 0.28
Debt / Equity (MRQ)
Fox (FOXA) at 0.60 is near its industry mid-range for debt-to-equity ratio, while Warner Music (WMG) at 4.53 sits above its benchmark range, pointing to a heavier debt load relative to equity.
FOXA
Media & Entertainment industry group
0.60
- Max
- 3.65
- Q3
- 1.69
- FOXA
- 0.60
- Median
- 0.46
- Q1
- 0.17
- Min
- 0.00
WMG
Media & Entertainment industry group
4.53
- WMG
- 4.53
- Max
- 3.65
- Q3
- 1.69
- Median
- 0.46
- Q1
- 0.17
- Min
- 0.00
Financial Strength Metrics
| Metric | FOXA | WMG |
|---|---|---|
| Current Ratio (MRQ) | 3.79 | 0.73 |
| Debt / Equity (MRQ) | 0.60 | 4.53 |
| Net Debt / EBITDA | 0.69 | 2.57 |
Dividends
Dividend Yield (TTM)
Fox (FOXA) at 0.84% earns its spot in the top quartile of its industry’s yields; Warner Music (WMG) at 2.38% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.
FOXA
Media & Entertainment industry group
0.84%
- Max
- 1.33%
- FOXA
- 0.84%
- Q3
- 0.65%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
WMG
Media & Entertainment industry group
2.38%
- WMG
- 2.38%
- Max
- 1.33%
- Q3
- 0.65%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Fox (FOXA) at 12.13% pays out a band-typical share of earnings, while Warner Music (WMG) at 60.80% distributes more than its industry norm — less retained, thinner cover.
FOXA
Media & Entertainment industry group
12.13%
- Max
- 71.43%
- Q3
- 28.98%
- FOXA
- 12.13%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
WMG
Media & Entertainment industry group
60.80%
- Max
- 71.43%
- WMG
- 60.80%
- Q3
- 28.98%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FOXA | WMG |
|---|---|---|
| Dividend Yield (TTM) | 0.84% | 2.38% |
| Dividend Payout Ratio (TTM) | 12.13% | 60.80% |
Valuation
P/E Ratio (TTM)
Both Fox (FOXA) at 14.18 and Warner Music (WMG) at 25.04 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
FOXA
Media & Entertainment industry group
14.18
- Max
- 51.21
- Q3
- 28.90
- Median
- 17.98
- FOXA
- 14.18
- Q1
- 11.53
- Min
- 1.64
WMG
Media & Entertainment industry group
25.04
- Max
- 51.21
- Q3
- 28.90
- WMG
- 25.04
- Median
- 17.98
- Q1
- 11.53
- Min
- 1.64
P/S Ratio (TTM)
On P/S ratio, both Fox (FOXA) at 1.57 and Warner Music (WMG) at 2.24 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
FOXA
Media & Entertainment industry group
1.57
- Max
- 7.43
- Q3
- 3.82
- FOXA
- 1.57
- Median
- 1.40
- Q1
- 0.70
- Min
- 0.00
WMG
Media & Entertainment industry group
2.24
- Max
- 7.43
- Q3
- 3.82
- WMG
- 2.24
- Median
- 1.40
- Q1
- 0.70
- Min
- 0.00
P/B Ratio (MRQ)
Fox (FOXA) at 2.25 sits near its industry’s typical P/B ratio, while Warner Music (WMG) at 19.17 prices above its benchmark range — WMG looks rich relative to book.
FOXA
Media & Entertainment industry group
2.25
- Max
- 11.45
- Q3
- 5.30
- FOXA
- 2.25
- Median
- 1.84
- Q1
- 0.77
- Min
- -2.61
WMG
Media & Entertainment industry group
19.17
- WMG
- 19.17
- Max
- 11.45
- Q3
- 5.30
- Median
- 1.84
- Q1
- 0.77
- Min
- -2.61
Valuation Metrics
| Metric | FOXA | WMG |
|---|---|---|
| P/E Ratio (TTM) | 14.18 | 25.04 |
| P/S Ratio (TTM) | 1.57 | 2.24 |
| P/B Ratio (MRQ) | 2.25 | 19.17 |
| Free Cash Flow Yield (TTM) | 4.25% | 2.33% |