Roku vs Warner Music Group
Warner Music Group is the larger business, with $6.71bn of revenue in fiscal 2025 against $4.74bn for Roku (1.4 times as much). Roku grew faster (15.2% against 4.4%). Warner Music Group kept more of each dollar of sales as profit: a net margin of 5.4% against 1.9%. Roku carries less debt relative to equity (0.0% against 674.7%).
| Latest fiscal year | RokuROKU, 2025 | Warner Music GroupWMG, 2025 |
|---|---|---|
| Revenue | $4.74bn | $6.71bn |
| Revenue growth | 15.2% | 4.4% |
| Net income | $88.4m | $365m |
| Operating margin | -0.1% | 10.3% |
| Net margin | 1.9% | 5.4% |
| Return on equity | 3.4% | 62.7% |
| Free cash flow | $478m | $539m |
| Cash | $1.59bn | $532m |
| Total debt | $0 | $4.37bn |
| Debt to equity | 0.0% | 674.7% |
| Dividend per share | — | — |
| Dividend yield | — | 8.7% |
| Share buybacks | $150m | $16.0m |
| Employees | 3,600 | — |
| Market value | $24.46bn | $4.59bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 45 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 0 buys, 177 sales | 3 buys, 0 sales |