Roku vs Warner Music Group
Warner Music Group reported revenue of $6.7 billion in fiscal 2025, 1.4 times Roku's $4.7 billion in fiscal 2025. Roku's revenue grew 15.2% in its latest year, and Warner Music Group's grew 4.4%. Roku had an operating margin of -0.1%, against 10.3% at Warner Music Group. Free cash flow was $478 million at Roku and $539 million at Warner Music Group. Their fiscal years end in different months (December 31 and September 30), so the periods don't line up exactly.
Side by side
| Roku | Warner Music Group | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Sep 30, 2025 |
| Revenue | $4.7B | $6.7B |
| Revenue growth | 15.2% | 4.4% |
| Revenue growth a year, last 5 years | 21.6% | 8.5% |
| Gross margin | 43.8% | 45.9% |
| Operating margin | −0.1% | 10.3% |
| Net margin | 1.9% | 5.4% |
| Free cash flow | $478M | $539M |
| Free cash flow margin | 10.1% | 8.0% |
| Return on capital | — | 12.2% |
| Net debt to EBITDA | −58.0x | 3.6x |
| Dividends and buybacks | $150M | $399M |
| Change in diluted share count | 4.3% | — |
| Last close | $157.23 | $30.29 |
| P/E at the last close | 66.9× | — |
| Insider trades, last 12 months | sold $159.1 million | bought $2.0 million, sold $0 |
| Piotroski F-score | 6 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
RokuWarner Music Group
Operating margin
Percent of revenue
RokuWarner Music Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
RokuWarner Music Group
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Roku and Warner Music Group pages.