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FWONK vs. WMG: Formula One vs. Warner Music Stock Comparison

How do Formula One (FWONK) 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

Formula One (FWONK) and Warner Music (WMG) are both classified in the Movies & Entertainment sub-industry within the broader Entertainment industry, placing them in the closest GICS peer bucket.

Company profile comparison for Formula One (FWONK) and Warner Music (WMG)
Profile ItemFWONKWMG
NameLiberty Media Corporation Series C Liberty Formula One Common StockWarner Music Group Corp.
Country/RegionUnited StatesUnited States
GICS SectorCommunication ServicesCommunication Services
GICS Industry GroupMedia & EntertainmentMedia & Entertainment
GICS IndustryEntertainmentEntertainment
GICS Sub-IndustryMovies & EntertainmentMovies & Entertainment
Market Capitalization27.07 billion USD16.37 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateJuly 8, 2014June 3, 2020
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FWONK
WMG
GSPC
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Formula One (FWONK) vs. Warner Music (WMG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Formula One (FWONK) and Warner Music (WMG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Formula One (FWONK) and Warner Music (WMG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Formula One (FWONK) and Warner Music (WMG)
MetricFWONKWMG
Total Return (1Y)3.53%6.98%
Total Return (3Y, Annualized)17.08%1.34%
Total Return (5Y, Annualized)13.56%-6.02%

Risk Profile

Drawdown History

FWONK
WMG
GSPC
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Formula One (FWONK) vs. Warner Music (WMG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Formula One (FWONK) and Warner Music (WMG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Warner Music (WMG) has an aggressive beta of 1.31, indicating higher sensitivity to broad-market moves, while Formula One (FWONK) is defensive at 0.63 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Formula One (FWONK) and Warner Music (WMG)
MetricFWONKWMG
Volatility (1Y, Annualized)26.44%35.24%
Beta (5Y)0.631.31
Max Drawdown (5Y)-24.84%-53.17%
Avg. Volume (3M)2.35M2.05M

Risk-Adjusted Performance

Risk-Return Positioning

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FWONK and WMG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Formula One (FWONK) and Warner Music (WMG)
MetricFWONKWMG
Sharpe Ratio (1Y)-0.030.08
Sortino Ratio (1Y)-0.050.11

Profitability

ROE (TTM)

Warner Music (WMG) at 70.07% clears its industry range for ROE, a sharper capital-efficiency signal than Formula One (FWONK) at 4.11%, which is closer to a typical peer reading.

FWONK

Media & Entertainment industry group

4.11%

Max
49.92%
Q3
17.95%
Median
7.20%
FWONK
4.11%
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%
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their ROE against the Media & Entertainment industry group benchmark.

Net Margin (TTM)

Formula One (FWONK) at 12.40% retains a top-quartile share of revenue as profit, ahead of Warner Music (WMG) at 9.20%, which keeps about the industry-typical share.

FWONK

Media & Entertainment industry group

12.40%

Max
32.91%
FWONK
12.40%
Q3
11.75%
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%
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their net margin against the Media & Entertainment industry group benchmark.

Operating Margin (TTM)

Formula One (FWONK) at 19.33% operates in the top operating margin quartile, ahead of Warner Music (WMG) at 16.74%, which runs around its industry’s norm.

FWONK

Media & Entertainment industry group

19.33%

Max
40.16%
FWONK
19.33%
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%
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their operating margin against the Media & Entertainment industry group benchmark.

Profitability Metrics

Profitability metrics for Formula One (FWONK) and Warner Music (WMG)
MetricFWONKWMG
ROE (TTM)4.11%70.07%
ROA (TTM)2.24%7.65%
Net Margin (TTM)12.40%9.20%
Operating Margin (TTM)19.33%16.74%
Gross Margin (TTM)36.32%45.77%

Growth

Revenue Growth

Formula One (FWONK) at 22.69% sits in the top revenue growth quartile, while Warner Music (WMG) at 4.37% is closer to the peer norm — faster top-line expansion for FWONK.

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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Warner Music (WMG) reports EPS growth of -16.87%, ranked against its industry; Formula One (FWONK) has no EPS growth figure this period.

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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Formula One (FWONK) and Warner Music (WMG)
MetricFWONKWMG
Revenue Growth (YoY)22.69%4.37%
Revenue Growth (3Y CAGR)20.32%4.25%
EPS Growth (YoY)---16.87%
EPS Growth (3Y CAGR)0.02%-13.33%

Financial Strength

Current Ratio (MRQ)

Formula One (FWONK) at 1.32 keeps current ratio within its industry’s typical mid-range, while Warner Music (WMG) at 0.73 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WMG.

FWONK

Media & Entertainment industry group

1.32

Max
4.69
Q3
2.53
Median
1.52
FWONK
1.32
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
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their current ratio against the Media & Entertainment industry group benchmark.

Debt / Equity (MRQ)

Formula One (FWONK) at 0.65 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.

FWONK

Media & Entertainment industry group

0.65

Max
3.65
Q3
1.69
FWONK
0.65
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
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their debt-to-equity ratio against the Media & Entertainment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Formula One (FWONK) and Warner Music (WMG)
MetricFWONKWMG
Current Ratio (MRQ)1.320.73
Debt / Equity (MRQ)0.654.53
Net Debt / EBITDA3.052.57

Dividends

Dividend Yield (TTM)

Formula One (FWONK) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Warner Music (WMG) reports a yield of 2.38%, ranking against industry peers normally.

FWONK

Media & Entertainment industry group

0.00%

Max
1.33%
Q3
0.65%
FWONK
0.00%
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%
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their dividend yield against the Media & Entertainment industry group benchmark.

Dividend Payout Ratio (TTM)

Formula One (FWONK) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Warner Music (WMG) reports a payout of 60.80%, ranking against industry peers normally.

FWONK

Media & Entertainment industry group

0.00%

Max
71.43%
Q3
28.98%
FWONK
0.00%
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%
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their payout ratio against the Media & Entertainment industry group benchmark.

Dividend Metrics

Dividend metrics for Formula One (FWONK) and Warner Music (WMG)
MetricFWONKWMG
Dividend Yield (TTM)0.00%2.38%
Dividend Payout Ratio (TTM)0.00%60.80%

Valuation

P/E Ratio (TTM)

Warner Music (WMG) at 25.04 is near its industry’s usual P/E ratio, while Formula One (FWONK) at 104.25 sits above its peer range — an unusually expensive price for FWONK’s trailing earnings.

FWONK

Media & Entertainment industry group

104.25

FWONK
104.25
Max
51.21
Q3
28.90
Median
17.98
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
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their P/E ratio against the Media & Entertainment industry group benchmark.

P/S Ratio (TTM)

Warner Music (WMG) at 2.24 is priced about in line with its industry on P/S ratio, while Formula One (FWONK) at 6.02 sits in the pricier quartile — FWONK costs more per dollar of sales.

FWONK

Media & Entertainment industry group

6.02

Max
7.43
FWONK
6.02
Q3
3.82
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
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their P/S ratio against the Media & Entertainment industry group benchmark.

P/B Ratio (MRQ)

Formula One (FWONK) at 3.38 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.

FWONK

Media & Entertainment industry group

3.38

Max
11.45
Q3
5.30
FWONK
3.38
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
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Formula One (FWONK) vs. Warner Music (WMG): A comparison of their P/B ratio against the Media & Entertainment industry group benchmark.

Valuation Metrics

Valuation metrics for Formula One (FWONK) and Warner Music (WMG)
MetricFWONKWMG
P/E Ratio (TTM)104.2525.04
P/S Ratio (TTM)6.022.24
P/B Ratio (MRQ)3.3819.17
Free Cash Flow Yield (TTM)2.29%2.33%