COMP <GO>
WMG vs TKO // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Warner Music Group Corp. (NASDAQ) VS. TKO Group Holdings Inc. (NYSE) • 15-METRIC TALLY: WMG 7
— TKO 6
■ METRIC PARITY
LAST: $30.97 (+1.14%) • MKT CAP: $16.02B
options-implied-move
—
LAST: $185.14 (+2.47%) • MKT CAP: $34.20B
options-implied-move
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WMG VS. TKO)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WMG | TKO | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 45.80% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 14.30% | 9.90% | +4.40 | WMG | /roic <GO> |
| EV/EBITDA & P/E Valuation | 23.4x | 36.1x | -12.70 | WMG | /valuation <GO> |
| Free Cash Flow Yield | 3.38% | 3.17% | +0.21 | WMG | /fcf-yield <GO> |
| Operating Margin | 10.30% | 17.60% | -7.30 | TKO | /operating-margins <GO> |
| Net Profit Margin | 5.40% | 11.50% | -6.10 | TKO | /net-margins <GO> |
| Revenue Growth (YoY) | 4.40% | -3.10% | +7.50 | WMG | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.40% | 0.55% | +1.85 | WMG | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.61 | 3.70 | -2.09 | TKO | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 8/9 | -2.00 | TKO | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 58.6 | 53.9 | +4.70 | WMG | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.95 | 1.10 | -0.15 | TKO | /macro-sensitivity <GO> |
| Forward P/E Multiple | 40.6x | 57.6x | -17.00 | WMG | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $16.02B | $34.20B | -$18.18B | TKO | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WMG REV | TKO REV | WMG GROSS % | TKO GROSS % | WMG FCF | TKO FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $6.71B | $4.74B | 45.8% | — | $539.0M | $1.07B |
| FY 2024 | $6.43B | $4.88B | 47.8% | — | $638.0M | $366.3M |
| FY 2023 | $6.04B | $3.22B | — | — | $415.3M | $121.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WMG // BETA 0.95
TKO // BETA 1.10