Liberty Media Corporation Series C (FWONK) Financials

FWONK

Trailing 12 months to June 30, 2026

Revenue $4.3B +12.2% YoY

Net Income $408.0M +116.2% YoY

Free Cash Flow $823.0M +15.6% YoY

Operating Cash Flow $952.0M +18.7% YoY

Market Cap $23.8B as of Oct 8, 2026

Price / Sales 5.5x on $4.3B revenue, trailing 12 months to June 30, 2026

Price / Earnings 58.4x on $408.0M net income, trailing 12 months to June 30, 2026

Price / Book 3.1x on $7.6B equity, Q2 FY2026

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 Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FWONK SEC filings page.

Liberty Media Corporation Series C (FWONK) reported $4.3B in revenue over the twelve months to Jun 30, 2026, up 12.2% 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).

Rhea AI FWONK FY2025 2026-10-03

Formula One converts operating activity into cash, but reported earnings can swing sharply because below-operating items matter.

FY2024’s net loss occurred despite positive operating income and operating cash flow, while FY2025 restored both earnings and cash generation; that divergence indicates reported profit is more volatile than the underlying operating engine. In FY2025, $908M of operating cash flow became $789M of free cash flow after only $119M of capital spending, showing that cash conversion remained favorable even as earnings recovered.

Operating leverage improved across FY2023-FY2025: operating margin rose from 7.5% to 12.9% while revenue increased from $3.6B to $4.5B. The pattern suggests more of each additional revenue dollar reached operating profit, rather than growth being absorbed entirely by costs.

Balance-sheet flexibility improved before leverage rose again: the current ratio reached 295.2% in FY2024 before settling at 146.2% in FY2025, while debt-to-equity increased from 0.3x in FY2023 to 0.7x. The business therefore ended FY2025 with better short-term coverage than earlier years, but a more debt-dependent capital structure than in FY2023.

Financial Health Signals

Financial Health Score 54/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Liberty Media Corporation Series C's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Liberty Media Corporation Series C 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 64/100, indicating healthy but not exceptional operating efficiency. This is up from 7.9% the prior year.

Growth

Liberty Media Corporation Series C's revenue surged 22.7% year-over-year to $4.5B, reflecting rapid business expansion. This strong growth earns a score of 70/100.

Leverage

Liberty Media Corporation Series C has elevated debt relative to equity (D/E of 0.65), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.

Liquidity

Liberty Media Corporation Series C's current ratio of 1.46 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Liberty Media Corporation Series C converts 17.6% of revenue into free cash flow ($789.0M). This strong cash generation earns a score of 90/100.

Returns

Liberty Media Corporation Series C's ROE of 7.1% shows moderate profitability relative to equity, earning a score of 42/100. This is up from -29.3% the prior year.

Altman Z-Score Safe

3.21

Liberty Media Corporation Series C scores 3.21, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($23.8B) relative to total liabilities ($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.

Piotroski F-Score Partial

5/7

Liberty Media Corporation Series C 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), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.64x

For every $1 of reported earnings, Liberty Media Corporation Series C 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

2.32x

Liberty Media Corporation Series C 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

Export CSV

Earnings & Revenue

Revenue

$934.0M

YoY-30.4%

QoQ+31.4%

Liberty Media Corporation Series C generated $934.0M in revenue in Q2 2026. This represents a decrease of 30.4% from the same quarter a year earlier. Against the prior quarter it is up 31.4%.

EBITDA

$200.0M

YoY-44.4%

QoQ+13.6%

Liberty Media Corporation Series C's EBITDA was $200.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 44.4% from the same quarter a year earlier. Against the prior quarter it is up 13.6%.

Net Income

$5.0M

YoY-97.5%

QoQ-91.2%

Liberty Media Corporation Series C reported $5.0M in net income in Q2 2026. This represents a decrease of 97.5% from the same quarter a year earlier. Against the prior quarter it is down 91.2%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$271.0M

YoY+25.5%

QoQ-19.6%

5Y CAGR-15.8%

10Y CAGR-2.7%

Liberty Media Corporation Series C generated $271.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 25.5% from the same quarter a year earlier. Against the prior quarter it is down 19.6%.

Cash & Debt

$1.5B

YoY-57.5%

QoQ+10.0%

5Y CAGR-17.9%

10Y CAGR+1.8%

Liberty Media Corporation Series C held $1.5B in cash against $4.9B in long-term debt as of Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Operating Margin

9.4%

YoY-11.5pp

QoQ+0.4pp

Liberty Media Corporation Series C's operating margin was 9.4% in Q2 2026, reflecting core business profitability. This is down 11.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Net Margin

0.5%

YoY-14.7pp

QoQ-7.5pp

Liberty Media Corporation Series C's net profit margin was 0.5% in Q2 2026, showing the share of revenue converted to profit. This is down 14.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.5 percentage points.

Return on Equity

0.1%

YoY-2.7pp

QoQ-0.7pp

Liberty Media Corporation Series C's ROE was 0.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$45.0M

YoY+104.5%

QoQ+125.0%

5Y CAGR-14.6%

10Y CAGR-7.0%

Liberty Media Corporation Series C invested $45.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 104.5% from the same quarter a year earlier. Against the prior quarter it is up 125.0%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

FWONK 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.

FWONK quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$4.3B	$4.5B+22.7%	$3.7B+2.3%	$3.6B+13.0%	$3.2B-72.3%	$11.4B+21.8%	$9.4B-9.0%	$10.3B+28.0%	$8.0B+5.9%	$7.6B+43.9%	$5.3B+10.0%	$4.8B+7.8%	$4.5B+11.2%	$4.0B+987.5%	$368.0M-73.9%	$1.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.2B	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	N/A	$6.4B	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$514.0M+22.1%	$421.0M-36.1%	$659.0M+67.7%	$393.0M-79.4%	$1.9B+9.0%	$1.8B-3.0%	$1.8B+53.1%	$1.2B+2.8%	$1.1B+29.5%	$886.0M+2.9%	$861.0M-1.4%	$873.0M+14.3%	$764.0M+334.1%	$176.0M+16.6%	$151.0M
Operating Income	$516.0M	$577.0M+101.0%	$287.0M+7.9%	$266.0M+83.4%	$145.0M-92.7%	$2.0B+1016.9%	$177.0M-88.0%	$1.5B-2.7%	$1.5B+8.4%	$1.4B-19.6%	$1.7B+81.8%	$954.0M+13.4%	$841.0M+3.3%	$814.0M+1117.5%	-$80.0M-115.1%	$531.0M
EBITDA	N/A	$970.0M+51.8%	$639.0M-4.9%	$672.0M+16.3%	$578.0M-81.0%	$3.0B+142.0%	$1.3B-50.2%	$2.5B+4.8%	$2.4B+8.9%	$2.2B+6.2%	$2.1B+58.7%	$1.3B+9.7%	$1.2B+6.3%	$1.1B+3071.1%	-$38.0M-106.5%	$584.0M
Interest Expense	N/A	$249.0M+19.7%	$208.0M-73.4%	$782.0M+13.5%	$689.0M+7.3%	$642.0M+1.3%	$634.0M-3.5%	$657.0M+8.4%	$606.0M+2.5%	$591.0M+63.3%	$362.0M+10.4%	$328.0M+28.6%	$255.0M+93.2%	$132.0M+1785.7%	$7.0M-56.3%	$16.0M
Income Tax	N/A	$137.0M+211.4%	$44.0M+83.3%	$24.0M+111.9%	-$202.0M-548.9%	$45.0M+202.3%	-$44.0M-126.5%	$166.0M-5.7%	$176.0M+116.6%	-$1.1B-314.7%	$495.0M+135.7%	$210.0M+218.2%	$66.0M+148.9%	-$135.0M-128.8%	$469.0M+184.2%	$165.0M
Net Income	$408.0M	$555.0M+126.9%	-$2.1B-371.1%	$761.0M-58.1%	$1.8B+356.0%	$398.0M+128.0%	-$1.4B-1440.6%	$106.0M-80.0%	$531.0M-60.8%	$1.4B+99.1%	$680.0M+962.5%	$64.0M-64.0%	$178.0M-98.0%	$8.8B+520.9%	$1.4B+69.1%	$836.0M
EPS (Basic)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0.19-63.5%	$0.52-97.9%	$24.73+530.9%	$3.92	N/A
EPS (Diluted)	—	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0.19-63.5%	$0.52-97.9%	$24.46+543.7%	$3.80	N/A
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	340M-1.4%	345M-3.9%	359M-3.5%	372M+322.7%	88M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Revenue	$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%	$911.0M-2.7%
SG&A Expenses	$129.0M+16.2%	$122.0M+20.8%	N/A	$140.0M+18.6%	$111.0M+13.3%	$101.0M+8.6%	N/A	$118.0M+26.9%
Operating Income	$88.0M-68.6%	$64.0M+195.5%	$206.0M+795.7%	$158.0M+43.6%	$280.0M+374.6%	-$67.0M-170.5%	$23.0M-80.2%	$110.0M+8.9%
EBITDA	$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%	$198.0M+4.2%
Interest Expense	$68.0M+38.8%	$68.0M+41.7%	N/A	$86.0M+38.7%	$49.0M-18.3%	$48.0M-74.9%	N/A	$62.0M-68.4%
Income Tax	$25.0M-65.8%	$5.0M+119.2%	N/A	$10.0M+233.3%	$73.0M+108.6%	-$26.0M-966.7%	N/A	$3.0M-93.5%
Net Income	$5.0M-97.5%	$57.0M+1040.0%	$333.0M+193.3%	$13.0M+100.5%	$204.0M-55.4%	$5.0M-97.5%	-$357.0M-317.7%	-$2.4B-715.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

FWONK Balance Sheet

FWONK quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$15.4B+18.4%	$13.0B-68.5%	$41.3B-2.7%	$42.5B-4.3%	$44.4B+0.8%	$44.0B-0.4%	$44.2B+8.2%	$40.8B-2.8%	$42.0B+33.8%	$31.4B+5.3%	$29.8B-1.6%	$30.3B-12.4%	$34.5B+314.9%	$8.3B+7.9%	$7.7B
Current Assets	$1.4B-59.0%	$3.3B-0.9%	$3.4B-12.3%	$3.9B-20.0%	$4.8B+19.4%	$4.0B+67.6%	$2.4B+122.3%	$1.1B-37.9%	$1.7B+69.4%	$1.0B+48.9%	$691.0M-50.1%	$1.4B-44.5%	$2.5B+12.8%	$2.2B-42.7%	$3.9B
Cash & Equivalents	$1.1B-59.9%	$2.6B+86.9%	$1.4B-25.3%	$1.9B-33.0%	$2.8B-0.6%	$2.8B+131.7%	$1.2B+241.3%	$358.0M-65.2%	$1.0B+83.1%	$562.0M+179.6%	$201.0M-70.5%	$681.0M-37.4%	$1.1B+80.4%	$603.0M-37.8%	$970.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$15.0M-92.5%	$199.0M+1226.7%	$15.0M-77.6%	$67.0M-77.6%	$299.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$1.1B-14.9%	$1.3B+145.6%	$533.0M-34.7%	$816.0M-38.4%	$1.3B-4.9%	$1.4B-25.1%	$1.9B
Goodwill	$7.0B+69.9%	$4.1B+4.5%	$4.0B-4.3%	$4.1B-78.5%	$19.2B+0.2%	$19.2B-3.6%	$19.9B+8.4%	$18.4B0.0%	$18.4B+28.1%	$14.3B0.0%	$14.3B0.0%	$14.3B-0.1%	$14.4B+7082.5%	$200.0M0.0%	$200.0M
Total Liabilities	$6.9B+16.8%	$6.0B-72.8%	$21.9B-6.2%	$23.3B-8.5%	$25.5B+4.6%	$24.4B+9.6%	$22.3B+16.4%	$19.1B-1.5%	$19.4B+42.2%	$13.7B-27.6%	$18.9B0.0%	$18.9B-7.8%	$20.5B+980.9%	$1.9B-23.4%	$2.5B
Current Liabilities	$939.0M-17.2%	$1.1B-76.1%	$4.7B-12.3%	$5.4B-18.2%	$6.6B+47.2%	$4.5B+15.5%	$3.9B+19.9%	$3.2B-18.5%	$4.0B+38.5%	$2.9B+2.1%	$2.8B+6.2%	$2.6B-16.5%	$3.2B+723.9%	$385.0M-68.7%	$1.2B
Non-Current Liabilities	$6.0B+24.8%	$4.8B-71.9%	$17.1B-4.4%	$17.9B-5.2%	$18.9B-5.1%	$19.9B+8.4%	$18.4B+15.7%	$15.9B+2.9%	$15.4B+43.1%	$10.8B-32.8%	$16.1B-1.0%	$16.2B-6.2%	$17.3B+1046.5%	$1.5B+21.6%	$1.2B
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+8.2%	$15.4B+15.3%	$13.4B+1.4%	$13.2B+64.6%	$8.0B+20.9%	$6.6B+18.6%	$5.6B+17.0%	$4.8B	N/A	$541.0M
Total Equity	$7.8B+10.4%	$7.0B-57.1%	$16.4B+2.7%	$16.0B+8.8%	$14.7B-2.8%	$15.1B-7.4%	$16.3B-1.8%	$16.6B-2.1%	$16.9B+44.1%	$11.8B+7.5%	$10.9B-4.1%	$11.4B-19.1%	$14.1B+118.6%	$6.4B+22.5%	$5.3B
Retained Earnings	$7.8B+8.4%	$7.2B-52.3%	$15.1B+3.2%	$14.6B+14.7%	$12.7B+3.2%	$12.3B-10.4%	$13.7B+0.8%	$13.6B+4.3%	$13.1B+11.5%	$11.7B+6.8%	$11.0B-3.8%	$11.4B-3.7%	$11.9B+285.2%	$3.1B+84.9%	$1.7B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Total Assets	$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%	$13.2B-68.2%
Current Assets	$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%	$3.7B+1.5%
Cash & Equivalents	$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%	$3.1B+44.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$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%	$4.2B-78.1%
Total Liabilities	$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%	$5.7B-74.2%
Current Liabilities	$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%	$1.3B-72.8%
Non-Current Liabilities	$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%	$4.5B-74.6%
Long-Term Debt	$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%	$4.3B-71.1%
Total Equity	$7.6B+3.8%	$7.7B+9.9%	$7.8B+10.4%	$7.4B-0.8%	$7.3B-57.0%	$7.0B-57.5%	$7.0B-57.1%	$7.4B-54.2%
Retained Earnings	$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%	$7.5B-49.7%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable.

FWONK Cash Flow Statement

FWONK quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$952.0M	$908.0M+60.1%	$567.0M-77.0%	$2.5B-3.2%	$2.5B+4.5%	$2.4B+40.9%	$1.7B-25.2%	$2.3B+7.3%	$2.2B+24.5%	$1.7B-20.2%	$2.2B+76.2%	$1.2B+9.5%	$1.1B-9.0%	$1.2B+4362.1%	-$29.0M+62.8%	-$78.0M
Depreciation & Amortization	N/A	$393.0M+11.6%	$352.0M-13.3%	$406.0M-6.2%	$433.0M-59.6%	$1.1B-1.0%	$1.1B+2.1%	$1.1B+17.2%	$905.0M+9.8%	$824.0M+132.8%	$354.0M-2.2%	$362.0M+0.8%	$359.0M+14.0%	$315.0M+650.0%	$42.0M-20.8%	$53.0M
Stock-Based Compensation	N/A	$21.0M-30.0%	$30.0M+11.1%	$27.0M-3.6%	$28.0M-89.1%	$256.0M-1.9%	$261.0M-16.3%	$312.0M+62.5%	$192.0M-16.5%	$230.0M+53.3%	$150.0M-26.5%	$204.0M-6.0%	$217.0M+12.4%	$193.0M+319.6%	$46.0M+84.0%	$25.0M
Capital Expenditures	$129.0M	$119.0M+58.7%	$75.0M-83.7%	$461.0M+49.2%	$309.0M-29.8%	$440.0M-2.7%	$452.0M-11.4%	$510.0M+26.6%	$403.0M-22.1%	$517.0M-9.0%	$568.0M+91.9%	$296.0M+52.6%	$194.0M-6.3%	$207.0M+1193.8%	$16.0M+128.6%	$7.0M
Free Cash Flow	$823.0M	$789.0M+60.4%	$492.0M-75.4%	$2.0B-10.5%	$2.2B+12.0%	$2.0B+56.3%	$1.3B-29.1%	$1.8B+2.9%	$1.8B+44.3%	$1.2B-24.2%	$1.6B+71.3%	$936.0M+0.5%	$931.0M-9.5%	$1.0B+2386.7%	-$45.0M+47.1%	-$85.0M
Investing Cash Flow	N/A	N/A	N/A	-$1.2B-2595.7%	-$46.0M+93.3%	-$689.0M+6.4%	-$736.0M-334.4%	$314.0M+184.9%	-$370.0M+88.2%	-$3.1B-148.2%	-$1.3B-342.0%	-$286.0M+30.4%	-$411.0M+85.1%	-$2.8B-1333.9%	$224.0M+183.0%	-$270.0M
Financing Cash Flow	N/A	N/A	N/A	-$1.5B+53.2%	-$3.1B-85.4%	-$1.7B-395.8%	$574.0M+132.4%	-$1.8B+25.5%	-$2.4B-226.9%	$1.9B+443.6%	-$546.0M+61.7%	-$1.4B-27.2%	-$1.1B-237.9%	$813.0M+170.0%	-$1.2B-155.4%	-$455.0M
Share Buybacks	N/A	N/A	N/A	N/A	$37.0M-93.3%	$555.0M+74.5%	$318.0M-28.2%	$443.0M-4.9%	$466.0M	N/A	N/A	$350.0M	N/A	$140.0M-56.7%	$323.0M-30.5%	$465.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Operating Cash Flow	$316.0M+32.8%	$357.0M-8.7%	$123.0M+1466.7%	$156.0M-14.3%	$238.0M+23900.0%	$391.0M-1.0%	-$9.0M-100.5%	$182.0M+129.4%
Depreciation & Amortization	$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%	$88.0M-1.1%
Stock-Based Compensation	$6.0M0.0%	$5.0M+150.0%	N/A	$8.0M+14.3%	$6.0M-14.3%	$2.0M-84.6%	N/A	$7.0M+16.7%
Capital Expenditures	$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%	$12.0M-94.0%
Free Cash Flow	$271.0M+25.5%	$337.0M-5.9%	$62.0M+293.8%	$153.0M-10.0%	$216.0M+1642.9%	$358.0M-2.7%	-$32.0M-101.8%	$170.0M+120.8%
Financing Cash Flow	-$127.0M-704.8%	-$52.0M-300.0%	N/A	N/A	$21.0M+109.3%	-$13.0M+84.1%	N/A	N/A

Not reported in any period shown, so not listed: Investing Cash Flow, Dividends Paid, Share Buybacks.

FWONK 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.

FWONK quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	84.0%	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%-12.4pp	14.3%-4.5pp	18.8%+0.4pp	18.4%-14.5pp	32.9%+13.0pp	19.9%+1.0pp	18.9%-1.4pp	20.3%+42.1pp	-21.7%-59.4pp	37.7%
Net Margin	12.4%+68.8pp	-56.5%-77.8pp	21.3%-36.1pp	57.4%+53.9pp	3.5%+18.7pp	-15.2%-16.2pp	1.0%-5.6pp	6.6%-11.2pp	17.8%+4.9pp	12.9%+11.6pp	1.3%-2.7pp	4.0%	219.4%	384.2%	59.3%
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%-10.1pp	0.7%-2.6pp	3.2%-4.8pp	8.0%+2.2pp	5.8%+5.2pp	0.6%-1.0pp	1.6%-60.8pp	62.4%+40.4pp	22.0%+6.1pp	15.9%
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%-3.5pp	0.2%-1.1pp	1.3%-1.9pp	3.2%+1.0pp	2.2%+2.0pp	0.2%-0.4pp	0.6%-24.8pp	25.4%+8.4pp	17.0%+6.2pp	10.8%
Current Ratio	1.46-1.5x	2.95+2.2x	0.710.0x	0.710.0x	0.73-0.2x	0.90+0.3x	0.62+0.3x	0.33-0.1x	0.44+0.1x	0.36+0.1x	0.25-0.3x	0.52-0.3x	0.79-5.0x	5.74+2.6x	3.14
Debt-to-Equity	0.65+0.2x	0.42+0.2x	0.25-0.7x	0.94-0.1x	1.070.0x	1.11+0.2x	0.95+0.1x	0.810.0x	0.78+0.1x	0.68+0.1x	0.61+0.1x	0.49+0.2x	0.340.0x	0.29+0.2x	0.10
Asset Turnover	0.290.0x	0.28+0.2x	0.090.0x	0.07-0.2x	0.260.0x	0.210.0x	0.230.0x	0.200.0x	0.180.0x	0.170.0x	0.160.0x	0.150.0x	0.12+0.1x	0.04-0.1x	0.18
FCF Margin	17.6%+4.1pp	13.5%-42.6pp	56.1%-14.7pp	70.8%+53.3pp	17.5%+3.9pp	13.7%-3.9pp	17.5%-4.3pp	21.8%+5.8pp	16.0%-14.4pp	30.4%+10.9pp	19.5%-1.4pp	20.9%-4.8pp	25.7%+37.9pp	-12.2%-6.2pp	-6.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Operating Margin	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	12.1%+1.3pp
Net Margin	0.5%-14.7pp	8.0%+6.9pp	20.7%+51.3pp	1.2%	15.2%-31.1pp	1.1%-33.5pp	-30.6%-43.9pp	-259.9%
Return on Equity	0.1%-2.7pp	0.7%+0.7pp	4.3%+9.4pp	0.2%+32.0pp	2.8%+0.1pp	0.1%-1.2pp	-5.1%-6.1pp	-31.9%-34.2pp
Return on Assets	0.0%-1.5pp	0.4%+0.3pp	2.2%+4.9pp	0.1%+18.0pp	1.5%+0.4pp	0.0%-0.4pp	-2.8%-3.1pp	-17.9%-18.9pp
Current Ratio	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	2.89+2.1x
Debt-to-Equity	0.64+0.2x	0.640.0x	0.65+0.2x	0.69+0.1x	0.41-0.4x	0.64-0.2x	0.42+0.2x	0.58-0.3x
Asset Turnover	0.060.0x	0.040.0x	0.100.0x	0.060.0x	0.10+0.1x	0.030.0x	0.09+0.1x	0.070.0x
FCF Margin	29.0%+12.9pp	47.4%-32.7pp	3.9%+6.6pp	14.1%-4.6pp	16.1%+17.5pp	80.1%+17.4pp	-2.7%	18.7%+106.2pp

Not reported in any period shown, so not listed: Gross Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net 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.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Liberty Media Corporation Series C FWONK	FY2025	$4.5B	$555.0M	12.4%	$23.8B	54/100
Liberty Media Corporation Series A FWONA	FY2025	$4.5B	$555.0M	12.4%	$22.1B	54/100
Fox Corporation FOXA	FY2026	$17.1B	$1.7B	9.8%	$26.4B	46/100
Fox Corporation FOX	FY2026	$17.1B	$1.7B	9.8%	$23.6B	46/100
Paramount Skydance Corporation PSKY	FY2024	$29.2B	-$6.2B	-21.2%	$11.0B	30/100
Warner Music Group Corp. WMG	FY2025	$6.7B	$365.0M	5.4%	$14.7B	50/100

Where Liberty Media Corporation Series C Ranks

Frequently Asked Questions

What is Liberty Media Corporation Series C's annual revenue?

Liberty Media Corporation Series C (FWONK) 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 Corporation Series C's revenue growing?

Liberty Media Corporation Series C (FWONK) revenue grew by 22.7% year-over-year, from $3.7B to $4.5B in fiscal year 2025.

Is Liberty Media Corporation Series C profitable?

Yes, Liberty Media Corporation Series C (FWONK) reported a net income of $555.0M in fiscal year 2025, with a net profit margin of 12.4%.

What is Liberty Media Corporation Series C's EBITDA?

Liberty Media Corporation Series C (FWONK) had EBITDA of $970.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Liberty Media Corporation Series C have?

As of fiscal year 2025, Liberty Media Corporation Series C (FWONK) had $1.1B in cash and equivalents against $5.0B in long-term debt.

What is Liberty Media Corporation Series C's operating margin?

Liberty Media Corporation Series C (FWONK) 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 Corporation Series C's net profit margin?

Liberty Media Corporation Series C (FWONK) 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 Corporation Series C's return on equity (ROE)?

Liberty Media Corporation Series C (FWONK) 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 Corporation Series C's free cash flow?

Liberty Media Corporation Series C (FWONK) 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 Corporation Series C's operating cash flow?

Liberty Media Corporation Series C (FWONK) generated $908.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Liberty Media Corporation Series C's total assets?

Liberty Media Corporation Series C (FWONK) had $15.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Liberty Media Corporation Series C's capital expenditures?

Liberty Media Corporation Series C (FWONK) invested $119.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Liberty Media Corporation Series C's current ratio?

Liberty Media Corporation Series C (FWONK) had a current ratio of 1.46 as of fiscal year 2025, which is considered adequate.

What is Liberty Media Corporation Series C's debt-to-equity ratio?

Liberty Media Corporation Series C (FWONK) 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 Corporation Series C's return on assets (ROA)?

Liberty Media Corporation Series C (FWONK) 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 Corporation Series C's P/E ratio?

Liberty Media Corporation Series C (FWONK) trades at 58.4x earnings, its market capitalization divided by net income of $408.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $23.8B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Liberty Media Corporation Series C's price-to-sales ratio?

Liberty Media Corporation Series C (FWONK) trades at 5.5x sales, its market capitalization divided by revenue of $4.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $23.8B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Liberty Media Corporation Series C's Altman Z-Score?

Liberty Media Corporation Series C (FWONK) has an Altman Z-Score of 3.21, 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.

What is Liberty Media Corporation Series C's Piotroski F-Score?

Liberty Media Corporation Series C (FWONK) 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.

Are Liberty Media Corporation Series C's earnings high quality?

Liberty Media Corporation Series C (FWONK) 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 Corporation Series C cover its interest payments?

Liberty Media Corporation Series C (FWONK) 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.

How financially healthy is Liberty Media Corporation Series C?

Liberty Media Corporation Series C (FWONK) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.