Liberty Media Corp Del Financials

FWONA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Liberty Media Corp Del (FWONA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 55/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Liberty Media Corp Del has an operating margin of 12.9%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is up from 7.9% the prior year.

Growth

Liberty Media Corp Del's revenue surged 22.7% year-over-year to $4.5B, reflecting rapid business expansion. This strong growth earns a score of 71/100.

Leverage

Liberty Media Corp Del carries a low D/E ratio of 0.65, meaning only $0.65 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Liberty Media Corp Del's current ratio of 1.46 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 25/100, which could limit financial flexibility.

Cash Flow

Liberty Media Corp Del converts 17.6% of revenue into free cash flow ($789.0M). This strong cash generation earns a score of 69/100.

Returns

Liberty Media Corp Del generates a 7.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 27/100. This is up from -29.3% the prior year.

Altman Z-Score Grey Zone

2.85

Liberty Media Corp Del scores 2.85, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($19.6B) relative to total liabilities ($6.9B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

5/9

Liberty Media Corp Del passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.64x

For every $1 of reported earnings, Liberty Media Corp Del generates $1.64 in operating cash flow ($908.0M OCF vs $555.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.3x

Liberty Media Corp Del earns $2.3 in operating income for every $1 of interest expense ($577.0M vs $249.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.5B

YoY+22.7%

5Y CAGR-13.7%

10Y CAGR-0.7%

Liberty Media Corp Del generated $4.5B in revenue in fiscal year 2025. This represents an increase of 22.7% from the prior year.

EBITDA

$970.0M

YoY+51.8%

5Y CAGR-5.1%

10Y CAGR-3.0%

Liberty Media Corp Del's EBITDA was $970.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 51.8% from the prior year.

Net Income

$555.0M

YoY+126.9%

10Y CAGR+24.1%

Liberty Media Corp Del reported $555.0M in net income in fiscal year 2025. This represents an increase of 126.9% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$789.0M

YoY+60.4%

5Y CAGR-9.2%

10Y CAGR-1.7%

Liberty Media Corp Del generated $789.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 60.4% from the prior year.

Cash & Debt

$1.1B

YoY-59.9%

5Y CAGR-17.9%

10Y CAGR+18.0%

Liberty Media Corp Del held $1.1B in cash against $5.0B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

12.9%

YoY+5.0pp

5Y CAGR+11.0pp

10Y CAGR-7.0pp

Liberty Media Corp Del's operating margin was 12.9% in fiscal year 2025, reflecting core business profitability. This is up 5.0 percentage points from the prior year.

Net Margin

12.4%

YoY+68.8pp

5Y CAGR+27.6pp

10Y CAGR+11.0pp

Liberty Media Corp Del's net profit margin was 12.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 68.8 percentage points from the prior year.

Return on Equity

7.1%

YoY+36.5pp

5Y CAGR+16.6pp

10Y CAGR+6.6pp

Liberty Media Corp Del's ROE was 7.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 36.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$119.0M

YoY+58.7%

5Y CAGR-23.4%

10Y CAGR-8.7%

Liberty Media Corp Del invested $119.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 58.7% from the prior year.

FWONA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.5B+22.7%	$3.7B+2.3%	$3.6B+13.0%	$3.2B-72.3%	$11.4B+21.8%	$9.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$514.0M+22.1%	$421.0M-36.1%	$659.0M+67.7%	$393.0M-79.4%	$1.9B+9.0%	$1.8B
Operating Income	$577.0M+101.0%	$287.0M+7.9%	$266.0M+83.4%	$145.0M-92.7%	$2.0B+1016.9%	$177.0M
Interest Expense	$249.0M+19.7%	$208.0M-73.4%	$782.0M+13.5%	$689.0M+7.3%	$642.0M+1.3%	$634.0M
Income Tax	$137.0M+211.4%	$44.0M+83.3%	$24.0M+111.9%	-$202.0M-548.9%	$45.0M+202.3%	-$44.0M
Net Income	$555.0M+126.9%	-$2.1B-371.1%	$761.0M-58.1%	$1.8B+356.0%	$398.0M+128.0%	-$1.4B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.6B+48.3%	$1.1B-19.1%	$1.3B+200.0%	$447.0M-61.7%	$1.2B+28.1%	$911.0M-7.8%	$988.0M+68.3%	$587.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$140.0M+18.6%	$118.0M+13.5%	$104.0M	N/A	$118.0M+20.4%	$98.0M+5.4%	$93.0M
Operating Income	$206.0M+30.4%	$158.0M-43.6%	$280.0M+517.9%	-$67.0M-391.3%	$23.0M-79.1%	$110.0M+86.4%	$59.0M-37.9%	$95.0M
Interest Expense	N/A	$86.0M+50.9%	$57.0M+3.6%	$55.0M	N/A	$62.0M+3.3%	$60.0M-68.6%	$191.0M
Income Tax	N/A	$10.0M-58.3%	$24.0M+182.8%	-$29.0M	N/A	$3.0M-91.4%	$35.0M+1066.7%	$3.0M
Net Income	$333.0M+2461.5%	$13.0M-93.6%	$204.0M+3980.0%	$5.0M+101.4%	-$357.0M+84.9%	-$2.4B-618.2%	$457.0M+125.1%	$203.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FWONA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$15.4B+18.4%	$13.0B-68.5%	$41.3B-2.7%	$42.5B-4.3%	$44.4B+0.8%	$44.0B
Current Assets	$1.4B-59.0%	$3.3B-0.9%	$3.4B-12.3%	$3.9B-20.0%	$4.8B+19.4%	$4.0B
Cash & Equivalents	$1.1B-59.9%	$2.6B+86.9%	$1.4B-25.3%	$1.9B-33.0%	$2.8B-0.6%	$2.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$7.0B+69.9%	$4.1B+4.5%	$4.0B-4.3%	$4.1B-78.5%	$19.2B+0.2%	$19.2B
Total Liabilities	$6.9B+16.8%	$6.0B-72.8%	$21.9B-6.2%	$23.3B-8.5%	$25.5B+4.6%	$24.4B
Current Liabilities	$939.0M-17.2%	$1.1B-76.1%	$4.7B-12.3%	$5.4B-18.2%	$6.6B+47.2%	$4.5B
Long-Term Debt	$5.0B+70.2%	$3.0B-28.0%	$4.1B-72.5%	$15.0B-4.8%	$15.7B-5.9%	$16.7B
Total Equity	$7.8B+10.4%	$7.0B-57.1%	$16.4B+2.7%	$16.0B+8.8%	$14.7B-2.8%	$15.1B
Retained Earnings	$7.8B+8.4%	$7.2B-52.3%	$15.1B+3.2%	$14.6B+14.7%	$12.7B+3.2%	$12.3B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$15.4B-13.6%	$17.8B+28.9%	$13.8B+4.0%	$13.3B+2.2%	$13.0B-1.6%	$13.2B-69.0%	$42.6B+0.5%	$42.4B
Current Assets	$1.4B-41.8%	$2.4B-42.5%	$4.1B+11.9%	$3.7B+9.5%	$3.3B-9.0%	$3.7B+1.1%	$3.6B+13.9%	$3.2B
Cash & Equivalents	$1.1B-33.6%	$1.6B-53.9%	$3.4B+9.6%	$3.1B+19.6%	$2.6B-13.9%	$3.1B+46.5%	$2.1B+25.2%	$1.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$7.0B-2.4%	$7.2B+74.1%	$4.1B0.0%	$4.1B0.0%	$4.1B-1.4%	$4.2B-78.4%	$19.4B0.0%	$19.4B
Total Liabilities	$6.9B-28.6%	$9.7B+50.7%	$6.5B+3.7%	$6.2B+4.6%	$6.0B+3.5%	$5.7B-74.4%	$22.4B-1.5%	$22.8B
Current Liabilities	$939.0M-73.4%	$3.5B+13.6%	$3.1B+114.6%	$1.4B+27.5%	$1.1B-10.9%	$1.3B-71.5%	$4.5B-8.1%	$4.9B
Long-Term Debt	$5.0B-1.4%	$5.1B+71.0%	$3.0B-33.9%	$4.5B+52.9%	$3.0B-30.8%	$4.3B-70.1%	$14.3B+0.6%	$14.3B
Total Equity	$7.8B+5.2%	$7.4B+0.5%	$7.3B+4.3%	$7.0B+0.1%	$7.0B-5.5%	$7.4B-56.4%	$17.1B+3.1%	$16.6B
Retained Earnings	$7.8B+4.6%	$7.4B+0.3%	$7.4B+3.3%	$7.2B0.0%	$7.2B-4.5%	$7.5B-52.2%	$15.7B+3.0%	$15.3B

FWONA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$908.0M+60.1%	$567.0M-77.0%	$2.5B-3.2%	$2.5B+4.5%	$2.4B+40.9%	$1.7B
Capital Expenditures	$119.0M+58.7%	$75.0M-83.7%	$461.0M+49.2%	$309.0M-29.8%	$440.0M-2.7%	$452.0M
Free Cash Flow	$789.0M+60.4%	$492.0M-75.4%	$2.0B-10.5%	$2.2B+12.0%	$2.0B+56.3%	$1.3B
Investing Cash Flow	N/A	N/A	-$1.2B-2595.7%	-$46.0M+93.3%	-$689.0M+6.4%	-$736.0M
Financing Cash Flow	N/A	N/A	-$1.5B+53.2%	-$3.1B-85.4%	-$1.7B-395.8%	$574.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$37.0M-93.3%	$555.0M+74.5%	$318.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$123.0M-28.9%	$173.0M-25.1%	$231.0M-39.4%	$381.0M+4333.3%	-$9.0M-104.9%	$182.0M+18300.0%	-$1.0M-100.3%	$395.0M
Capital Expenditures	$61.0M+1933.3%	$3.0M-86.4%	$22.0M-33.3%	$33.0M+43.5%	$23.0M+91.7%	$12.0M-7.7%	$13.0M-51.9%	$27.0M
Free Cash Flow	$62.0M-63.5%	$170.0M-18.7%	$209.0M-39.9%	$348.0M+1187.5%	-$32.0M-118.8%	$170.0M+1314.3%	-$14.0M-103.8%	$368.0M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$100.0M+84.6%	-$650.0M
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$226.0M-175.6%	-$82.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FWONA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	12.9%+5.0pp	7.9%+0.4pp	7.4%+2.9pp	4.6%-12.8pp	17.3%+15.4pp	1.9%
Net Margin	12.4%+68.8pp	-56.5%-77.8pp	21.3%-36.1pp	57.4%+53.9pp	3.5%+18.7pp	-15.2%
Return on Equity	7.1%+36.5pp	-29.3%-34.0pp	4.6%-6.7pp	11.4%+8.7pp	2.7%+12.1pp	-9.4%
Return on Assets	3.6%+19.5pp	-15.9%-17.7pp	1.8%-2.4pp	4.3%+3.4pp	0.9%+4.1pp	-3.2%
Current Ratio	1.46-1.5	2.95+2.2	0.710.0	0.71-0.0	0.73-0.2	0.90
Debt-to-Equity	0.65+0.2	0.42+0.2	0.25-0.7	0.94-0.1	1.07-0.0	1.11
FCF Margin	17.6%+4.1pp	13.5%-42.6pp	56.1%-14.7pp	70.8%+53.3pp	17.5%+3.9pp	13.7%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	12.8%-1.8pp	14.6%-6.3pp	20.9%+35.9pp	-15.0%-17.0pp	2.0%-10.1pp	12.1%+6.1pp	6.0%-10.2pp	16.2%
Net Margin	20.7%+19.5pp	1.2%-14.0pp	15.2%+14.1pp	1.1%+31.7pp	-30.6%+229.3pp	-259.9%-306.2pp	46.3%+11.7pp	34.6%
Return on Equity	4.3%+4.1pp	0.2%-2.6pp	2.8%+2.7pp	0.1%+5.1pp	-5.1%+26.8pp	-31.9%-34.5pp	2.7%+1.5pp	1.2%
Return on Assets	2.2%+2.1pp	0.1%-1.4pp	1.5%+1.4pp	0.0%+2.8pp	-2.8%+15.2pp	-17.9%-19.0pp	1.1%+0.6pp	0.5%
Current Ratio	1.46+0.8	0.67-0.7	1.32-1.2	2.54-0.4	2.95+0.1	2.89+2.1	0.81+0.2	0.66
Debt-to-Equity	0.65-0.0	0.69+0.3	0.41-0.2	0.64+0.2	0.42-0.2	0.58-0.3	0.84-0.0	0.86
FCF Margin	3.9%-11.8pp	15.7%+0.1pp	15.6%-62.3pp	77.8%+80.6pp	-2.7%-21.4pp	18.7%+20.1pp	-1.4%-64.1pp	62.7%

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Frequently Asked Questions

What is Liberty Media Corp Del's annual revenue?

Liberty Media Corp Del (FWONA) reported $4.5B in total revenue for fiscal year 2025. This represents a 22.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Liberty Media Corp Del's revenue growing?

Liberty Media Corp Del (FWONA) revenue grew by 22.7% year-over-year, from $3.7B to $4.5B in fiscal year 2025.

Is Liberty Media Corp Del profitable?

Yes, Liberty Media Corp Del (FWONA) reported a net income of $555.0M in fiscal year 2025, with a net profit margin of 12.4%.

What is Liberty Media Corp Del's EBITDA?

Liberty Media Corp Del (FWONA) had EBITDA of $970.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Liberty Media Corp Del have?

As of fiscal year 2025, Liberty Media Corp Del (FWONA) had $1.1B in cash and equivalents against $5.0B in long-term debt.

What is Liberty Media Corp Del's operating margin?

Liberty Media Corp Del (FWONA) had an operating margin of 12.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Liberty Media Corp Del's net profit margin?

Liberty Media Corp Del (FWONA) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Liberty Media Corp Del's return on equity (ROE)?

Liberty Media Corp Del (FWONA) has a return on equity of 7.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Liberty Media Corp Del's free cash flow?

Liberty Media Corp Del (FWONA) generated $789.0M in free cash flow during fiscal year 2025. This represents a 60.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Liberty Media Corp Del's operating cash flow?

Liberty Media Corp Del (FWONA) generated $908.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Liberty Media Corp Del's total assets?

Liberty Media Corp Del (FWONA) had $15.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Liberty Media Corp Del's capital expenditures?

Liberty Media Corp Del (FWONA) invested $119.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Liberty Media Corp Del's current ratio?

Liberty Media Corp Del (FWONA) had a current ratio of 1.46 as of fiscal year 2025, which is considered adequate.

What is Liberty Media Corp Del's debt-to-equity ratio?

Liberty Media Corp Del (FWONA) had a debt-to-equity ratio of 0.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Liberty Media Corp Del's return on assets (ROA)?

Liberty Media Corp Del (FWONA) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Liberty Media Corp Del's Altman Z-Score?

Liberty Media Corp Del (FWONA) has an Altman Z-Score of 2.85, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Liberty Media Corp Del's Piotroski F-Score?

Liberty Media Corp Del (FWONA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Liberty Media Corp Del's earnings high quality?

Liberty Media Corp Del (FWONA) has an earnings quality ratio of 1.64x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Liberty Media Corp Del cover its interest payments?

Liberty Media Corp Del (FWONA) has an interest coverage ratio of 2.3x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Liberty Media Corp Del?

Liberty Media Corp Del (FWONA) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.