Liberty Formula One SER B (FWONB) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FWONB SEC filings page.
Liberty Formula One SER B (FWONB) reported $4.5B in revenue over the twelve months to Sep 30, 2026, up 10.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
FY2025 shows operating improvement translating into cash, while a smaller current-asset base and heavier debt reshape financing.
Operating income rose faster than revenue: revenue increased22.7% while operating income rose101.0% , showing profit expanded faster than sales. Operating cash flow reached$908M against net income of$555M , while free cash flow was$789M after$119M of capital expenditures, indicating earnings were accompanied by cash and required modest reinvestment.
Operating margin reached
Current assets fell
Financial Health Signals
We do not publish a peer-relative financial health score for Liberty Formula One SER B, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Liberty Formula One SER B scores 3.43, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $26.3B against total liabilities of $6.9B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Liberty Formula One SER B passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, Liberty Formula One SER B 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.
Liberty Formula One SER B earns $2.32 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
Earnings & Revenue
Liberty Formula One SER B generated $1.2B in revenue in Q3 2026. This represents an increase of 13.0% from the same quarter a year earlier. Against the prior quarter it is up 31.3%.
Liberty Formula One SER B's EBITDA was $347.0M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.7% from the same quarter a year earlier. Against the prior quarter it is up 73.5%.
Liberty Formula One SER B reported $163.0M in net income in Q3 2026. This represents an increase of 1153.8% from the same quarter a year earlier. Against the prior quarter it is up 3160.0%.
Cash & Balance Sheet
Liberty Formula One SER B generated $337.0M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 85.2% from the same quarter a year earlier. Against the prior quarter it is up 24.4%.
Liberty Formula One SER B held $1.8B in cash against $4.9B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Liberty Formula One SER B's operating margin was 19.3% in Q3 2026, reflecting core business profitability. This is up 4.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.9 percentage points.
Liberty Formula One SER B's net profit margin was 13.3% in Q3 2026, showing the share of revenue converted to profit. This is up 12.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.8 percentage points.
Liberty Formula One SER B's quarterly ROE was 1.9% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Not reported for Q3 2026.
Capital Allocation
Liberty Formula One SER B invested $45.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 1400.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q3 2026.
Not reported for Q3 2026.
FWONB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B+13.0% | $934.0M-30.4% | $711.0M+59.1% | $1.6B+37.9% | $1.1B+19.1% | $1.3B+35.7% | $447.0M-23.9% | $1.2B-5.1% |
| SG&A Expenses | $147.0M+12.2% | $129.0M+16.2% | $122.0M+20.8% | $171.0M | $131.0M+11.0% | $111.0M+13.3% | $101.0M+8.6% | N/A |
| Operating Income | $237.0M+50.0% | $88.0M-68.6% | $64.0Mn/m | $206.0M+795.7% | $158.0M+43.6% | $280.0M+374.6% | -$67.0M-170.5% | $23.0M-80.2% |
| EBITDA | $347.0M+25.7% | $200.0M-44.4% | $176.0M+1660.0% | $324.0M+189.3% | $276.0M+39.4% | $360.0M+143.2% | $10.0M-94.5% | $112.0M-51.5% |
| Interest Expense | $69.0M-12.7% | $68.0M+38.8% | $68.0M+41.7% | N/A | $79.0M+27.4% | $49.0M-18.3% | $48.0M-22.6% | N/A |
| Income Tax | $82.0M+256.5% | $25.0M-65.8% | $5.0Mn/m | $67.0M | $23.0M+666.7% | $73.0M+108.6% | -$26.0M-966.7% | N/A |
| Net Income | $163.0M+1153.8% | $5.0M-97.5% | $57.0M+1040.0% | $333.0Mn/m | $13.0Mn/m | $204.0M-55.4% | $5.0M-97.5% | -$355.0M-428.7% |
| EPS (Basic) | $0.65 | N/A | N/A | N/A | $0.26 | N/A | N/A | N/A |
| EPS (Diluted) | $0.43 | N/A | N/A | N/A | $0.24 | N/A | N/A | N/A |
| Diluted Shares (Avg) | 264M | N/A | N/A | N/A | 261M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
FWONB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.8B-6.0% | $15.9B+14.9% | $15.9B+19.6% | $15.4B+18.4% | $17.8B+34.9% | $13.8B-67.6% | $13.3B-68.7% | $13.0B-68.5% |
| Current Assets | $3.1B+30.8% | $2.1B-48.6% | $2.0B-46.6% | $1.4B-59.0% | $2.4B-35.9% | $4.1B+12.7% | $3.7B+14.8% | $3.3B-0.9% |
| Cash & Equivalents | $1.8B+10.7% | $1.5B-57.5% | $1.3B-57.7% | $1.1B-59.9% | $1.6B-48.0% | $3.4B+65.4% | $3.1B+88.9% | $2.6B+86.9% |
| Short-Term Investments | $581.0Mn/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $6.9B-4.6% | $6.9B+66.3% | $7.0B+68.3% | $7.0B+69.9% | $7.2B+71.8% | $4.1B-78.7% | $4.1B-78.7% | $4.1B+4.5% |
| Total Liabilities | $8.2B-15.7% | $7.5B+16.2% | $7.5B+20.3% | $6.9B+16.8% | $9.7B+69.3% | $6.5B-71.2% | $6.2B-72.6% | $6.0B-72.8% |
| Current Liabilities | $2.3B-33.6% | $1.7B-46.3% | $1.5B+0.5% | $939.0M-17.2% | $3.5B+177.0% | $3.1B-30.6% | $1.4B-70.3% | $1.1B-76.1% |
| Non-Current Liabilities | $5.9B-5.5% | $5.8B+73.9% | $6.0B+26.2% | $6.0B+24.8% | $6.2B+38.6% | $3.4B-81.3% | $4.8B-73.3% | $4.8B-71.9% |
| Long-Term Debt | $4.9B-4.5% | $4.9B+61.9% | $5.0B+9.6% | $5.0B+70.2% | $5.1B+19.4% | $3.0B-79.1% | $4.5B-68.2% | $3.0B-28.0% |
| Total Equity | $8.5B+15.8% | $8.4B+14.1% | $8.4B+19.4% | $7.8B+10.4% | $7.4B-0.8% | $7.3B-57.0% | $7.0B-57.5% | $7.0B-57.1% |
| Retained Earnings | $8.0B+7.7% | $7.8B+4.6% | $7.8B+9.2% | $7.8B+8.4% | $7.4B-1.1% | $7.4B-52.8% | $7.2B-53.0% | $7.2B-52.3% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
FWONB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $382.0M+106.5% | $316.0M+32.8% | $357.0M-8.7% | $94.0Mn/m | $185.0M+1.6% | $238.0M-68.4% | $391.0M-1.0% | -$9.0M-100.5% |
| Depreciation & Amortization | $110.0M-6.8% | $112.0M+40.0% | $112.0M+45.5% | $118.0M+32.6% | $118.0M+34.1% | $80.0M-10.1% | $77.0M-10.5% | $89.0M-22.6% |
| Stock-Based Compensation | $6.0M-14.3% | $6.0M0.0% | $5.0M+150.0% | N/A | $7.0M0.0% | $6.0M-14.3% | $2.0M-84.6% | N/A |
| Capital Expenditures | $45.0M+1400.0% | $45.0M+104.5% | $20.0M-39.4% | $61.0M+165.2% | $3.0M-75.0% | $22.0M+69.2% | $33.0M+22.2% | $23.0M-80.5% |
| Free Cash Flow | $337.0M+85.2% | $271.0M+25.5% | $337.0M-5.9% | $62.0Mn/m | $182.0M+7.1% | $216.0M-70.8% | $358.0M-2.7% | -$32.0M-101.8% |
| Investing Cash Flow | -$630.0Mn/m | N/A | N/A | N/A | -$3.0B | N/A | N/A | N/A |
| Financing Cash Flow | N/A | -$127.0M-704.8% | -$52.0Mn/m | N/A | N/A | $21.0Mn/m | -$13.0Mn/m | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
FWONB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 19.3%+4.8pp | 9.4%-11.5pp | 9.0%+24.0pp | 12.8%+10.8pp | 14.6%+2.5pp | 20.9%+14.9pp | -15.0%-31.2pp | 2.0%-7.5pp |
| Net Margin | 13.3%+12.1pp | 0.5%-14.7pp | 8.0%+6.9pp | 20.7%+51.1pp | 1.2% | 15.2%-31.1pp | 1.1%-33.5pp | -30.4%-39.2pp |
| Return on Equity | 1.9%+1.7pp | 0.1%-2.7pp | 0.7%+0.6pp | 4.3%+9.3pp | 0.2%+32.0pp | 2.8%+0.1pp | 0.1%-1.2pp | -5.1%-5.7pp |
| Return on Assets | 1.0%+0.9pp | 0.0%-1.5pp | 0.4%+0.3pp | 2.2%+4.9pp | 0.1%+18.0pp | 1.5%+0.4pp | 0.0%-0.4pp | -2.7%-3.0pp |
| Current Ratio | 1.32+0.6x | 1.27-0.1x | 1.35-1.2x | 1.46-1.5x | 0.67-2.2x | 1.32+0.5x | 2.54+1.9x | 2.95+2.2x |
| Debt-to-Equity | 0.57-0.1x | 0.58+0.2x | 0.59-0.1x | 0.65+0.2x | 0.69+0.1x | 0.41-0.4x | 0.64-0.2x | 0.42+0.2x |
| Liabilities-to-Equity | 0.96-0.4x | 0.900.0x | 0.890.0x | 0.900.0x | 1.32+0.5x | 0.88-0.4x | 0.88-0.5x | 0.85-0.5x |
| Asset Turnover | 0.070.0x | 0.060.0x | 0.040.0x | 0.100.0x | 0.060.0x | 0.10+0.1x | 0.030.0x | 0.09+0.1x |
| FCF Margin | 27.5%+10.7pp | 29.0%+12.9pp | 47.4%-32.7pp | 3.9%+6.6pp | 16.8%-1.9pp | 16.1%-58.7pp | 80.1%+17.4pp | -2.7% |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Liberty Formula One SER B FWONB | FY2025 | $4.5B | $555.0M | 12.4% | $26.3B | — |
| Liberty Live Holdings Inc B LLYVB | FY2025 | $382.0M | -$87.0M | -22.8% | $9.7B | — |
| Atlanta Braves Holdings B BATRB | FY2025 | $732.5M | -$23.4M | -3.2% | $4.6B | — |
| Telefonica SA TEFOF | FY2024 | $42.8B | -$50.7M | -0.1% | $21.1B | — |
Where Liberty Formula One SER B Ranks
Frequently Asked Questions
Liberty Formula One SER B (FWONB) 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.
Liberty Formula One SER B (FWONB) revenue grew by 22.7% year-over-year, from $3.7B to $4.5B in fiscal year 2025.
Yes, Liberty Formula One SER B (FWONB) reported a net income of $558.0M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $555.0M, with a net profit margin of 12.4%.
Liberty Formula One SER B (FWONB) had EBITDA of $970.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Liberty Formula One SER B (FWONB) had $1.1B in cash and equivalents against $5.0B in long-term debt.
Liberty Formula One SER B (FWONB) had an operating margin of 12.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Liberty Formula One SER B (FWONB) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Liberty Formula One SER B (FWONB) has a return on equity of 7.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Liberty Formula One SER B (FWONB) 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.
Liberty Formula One SER B (FWONB) generated $908.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Liberty Formula One SER B (FWONB) had $15.4B in total assets as of fiscal year 2025, including both current and long-term assets.
Liberty Formula One SER B (FWONB) invested $119.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Liberty Formula One SER B (FWONB) had a current ratio of 1.46 as of fiscal year 2025, which is considered adequate.
Liberty Formula One SER B (FWONB) had a debt-to-equity ratio of 0.65 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Liberty Formula One SER B (FWONB) had a liabilities-to-equity ratio of 0.90 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Liberty Formula One SER B (FWONB) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Liberty Formula One SER B (FWONB) trades at 47.2x earnings, its market capitalization divided by $558.0M net income, trailing 12 months to September 30, 2026. The market capitalization is $26.3B as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Liberty Formula One SER B (FWONB) trades at 5.9x sales, its market capitalization divided by $4.5B revenue, trailing 12 months to September 30, 2026. The market capitalization is $26.3B as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Liberty Formula One SER B (FWONB) has an Altman Z-Score of 3.43, placing it in the Safe Zone (low bankruptcy 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.
Liberty Formula One SER B (FWONB) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Liberty Formula One SER B (FWONB) 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.
Liberty Formula One SER B (FWONB) has an interest coverage ratio of 2.32x, 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.