LYV vs WMG
Live Nation Entertainment, Inc. and Warner Music Group Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | LYV | WMG |
|---|---|---|
| Revenue | $25.2B | $6.7B |
| Net income | $496.0M | $365.0M |
| Gross margin | — | 45.8% |
| Net margin | 2.0% | 5.4% |
| Return on equity | 223.3% | 62.7% |
| Diluted EPS | −$0.24 | — |
| Dividend / share | — | $0.73 |
| Payout ratio | — | 104.9% |
| Free cash flow | $333.6M | $539.0M |
| Equity | $271.0M | $647.0M |
| Net debt / equity | 1.91× | 5.46× |
| Current ratio | 1.00× | 0.66× |
| Revenue CAGR 5y | 68.4% | 8.5% |
| Profit CAGR 5y | — | — |
LYV bills 3.8× the revenue of WMG, and WMG keeps more of each dollar of revenue as profit (5.4% against 2.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | LYV | WMG |
|---|---|---|
| FY2025 | $25.2B | $6.7B |
| FY2024 | $23.2B | $6.4B |
| FY2023 | $22.7B | $6.0B |
| FY2022 | $16.7B | $5.9B |
| FY2021 | $6.3B | $5.3B |
| FY2020 | $1.9B | $4.5B |
| FY2019 | $11.5B | $4.5B |
| FY2018 | $10.8B | $4.0B |
| FY2017 | $9.7B | $3.6B |
| FY2016 | $7.8B | $3.2B |
Net income by year
Bottom line
| Fiscal year | LYV | WMG |
|---|---|---|
| FY2025 | $496.0M | $365.0M |
| FY2024 | $896.3M | $435.0M |
| FY2023 | $556.9M | $430.0M |
| FY2022 | $266.4M | $551.0M |
| FY2021 | $-650.9M | $304.0M |
| FY2020 | $-1.7B | $-475.0M |
| FY2019 | $69.9M | $256.0M |
| FY2018 | $60.2M | $307.0M |
| FY2017 | $-6.0M | $143.0M |
| FY2016 | $2.9M | $25.0M |
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