TKO Group Holdings, Inc. (TKO) vs Warner Music Group Corp. (WMG)

A side-by-side comparison of TKO Group Holdings, Inc. and Warner Music Group Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — TKO vs WMG

growth of $100 · dividends reinvested · last 6y
TKO +293.3% (+25.6%/yr)WMG +4.5% (+0.7%/yr)TKO compounded faster over this window
100200300400500Start $100202120222023202420252026$393$104
TKO WMG

TKO vs WMG: by the numbers

  • •WMG is the larger company ($14.41B vs $13.23B market cap).
  • •WMG trades at the lower trailing earnings multiple (21.40 vs 60.85 P/E), one valuation lens rather than an overall verdict.
  • •WMG converts more revenue to profit (9.20% vs 4.33% net margin).
  • •TKO grew revenue faster over the past five years (37.20% vs 7.66% CAGR).
  • •WMG pays the higher dividend yield (2.79% vs 1.77%).

Metrics side by side

Valuation

MetricTKOWMG
P/E ratio60.8521.40
Forward P/E38.0915.32
P/S ratio2.501.97
P/B ratio3.9016.87
EV / EBITDA10.4512.09
FCF yield12.64%5.65%

Profitability

MetricTKOWMG
Gross margin54.08%45.77%
Operating margin19.95%14.31%
Net margin4.33%9.20%
ROE6.76%78.69%
ROIC6.70%12.67%

Dividends

MetricTKOWMG
Dividend yield1.77%2.79%
Payout ratio108.29%59.69%

Growth (annualized)

MetricTKOWMG
Revenue CAGR (5Y)37.20%7.66%
EPS CAGR (5Y)2.59%N/A
FCF CAGR (5Y)28.60%109.88%
Total return CAGR (5Y)25.96%-7.17%

Frequently asked

Which has the lower trailing P/E, TKO or WMG?
WMG has the lower trailing P/E: TKO trades at 60.85 and WMG at 21.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, TKO or WMG?
Over the past five years, TKO grew revenue faster — TKO at a 37.20% CAGR versus WMG at 7.66%.
Does TKO or WMG pay a bigger dividend?
TKO yields 1.77% and WMG yields 2.79% based on trailing dividends and the latest price.
Is TKO or WMG more profitable?
WMG runs the higher net margin — TKO at 4.33% versus WMG at 9.20%.
How have TKO and WMG total returns compared?
Over the past 5 years, TKO delivered 25.96% and WMG delivered -7.17% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.