TKO vs WMG
TKO Group Holdings, Inc. and Warner Music Group Corp., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | TKO | WMG |
|---|---|---|
| Revenue | $4.7B | $6.7B |
| Net income | $195.4M | $365.0M |
| Gross margin | — | 45.8% |
| Net margin | 4.1% | 5.4% |
| Return on equity | 5.0% | 62.7% |
| Diluted EPS | — | — |
| Dividend / share | $3.86 | $0.73 |
| Payout ratio | 94.8% | 104.9% |
| Free cash flow | — | $539.0M |
| Equity | $3.7B | $647.0M |
| Net debt / equity | 0.78× | 5.46× |
| Current ratio | 1.26× | 0.66× |
| Revenue CAGR 5y | — | 8.5% |
| Profit CAGR 5y | — | — |
WMG bills 1.4× the revenue of TKO, and keeps more of each dollar of revenue as profit (5.4% against 4.1%).
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
5 years side by side
| Fiscal year | TKO | WMG |
|---|---|---|
| FY2025 | $4.7B | $6.7B |
| FY2024 | $4.9B | $6.4B |
| FY2023 | $3.2B | $6.0B |
| FY2022 | $1.1B | $5.9B |
| FY2021 | $1.0B | $5.3B |
Net income by year
Bottom line
| Fiscal year | TKO | WMG |
|---|---|---|
| FY2025 | $195.4M | $365.0M |
| FY2024 | $9.4M | $435.0M |
| FY2023 | $-35.2M | $430.0M |
| FY2022 | $389.0M | $551.0M |
| FY2021 | $273.6M | $304.0M |
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