NASDAQ : FWONK
Formula One Group — Financial statements
Communication Services · Entertainment · United States
Last price 92.47 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 23.18B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Formula One Group (FWONK) reported revenue of 4.02B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 3.69B | 3.32B | 3.22B | 2.57B | 2.14B | 1.15B |
| Other Revenue | 327.00M | 335.00M | ||||
| Revenue | 4.02B | 3.65B | 3.22B | 2.57B | 2.14B | 1.15B |
| Cost of Revenue | 2.71B | 2.49B | 2.24B | 1.75B | 1.49B | 974.00M |
| Gross Profit | 1.31B | 1.17B | 982.00M | 823.00M | 647.00M | 171.00M |
| Selling, General & Admin | 455.00M | 408.00M | 316.00M | 288.00M | 210.00M | 174.00M |
| Other Operating Expenses | -13.00M | 13.00M | ||||
| Operating Expenses | 806.00M | 773.00M | 685.00M | 650.00M | 607.00M | 615.00M |
| Operating Income | 504.00M | 392.00M | 297.00M | 173.00M | 40.00M | -444.00M |
| Interest Expense | -222.00M | -208.00M | -214.00M | -149.00M | -123.00M | -146.00M |
| Interest & Investment Income | 7.00M | |||||
| Earnings From Equity Investments | -12.00M | -10.00M | -4.00M | 23.00M | -108.00M | |
| Other Non Operating Income (Expenses) | 161.00M | -52.00M | 117.00M | 173.00M | -7.00M | 152.00M |
| EBT Excluding Unusual Items | 431.00M | 122.00M | 196.00M | 197.00M | -67.00M | -539.00M |
| Merger & Restructuring Charges | -57.00M | -32.00M | ||||
| Impairment of Goodwill | -73.00M | -73.00M | ||||
| Gain (Loss) on Sale of Investments | 15.00M | 54.00M | -90.00M | -167.00M | ||
| Pretax Income | 321.00M | 17.00M | 211.00M | 251.00M | -157.00M | -706.00M |
| Income Tax Expense | 99.00M | 47.00M | 27.00M | -311.00M | -37.00M | -112.00M |
| Earnings From Continuing Operations | 222.00M | -30.00M | 184.00M | 562.00M | -120.00M | -594.00M |
| Minority Interest in Earnings | 1.00M | -4.00M | -70.00M | -2.00M | ||
| Net Income | 222.00M | -30.00M | 185.00M | 558.00M | -190.00M | -596.00M |
| Net Income to Common | 222.00M | -30.00M | 185.00M | 558.00M | -190.00M | -596.00M |
| Shares Outstanding (Basic) | 240.00M | 234.00M | 233.00M | 232.00M | 232.00M | |
| Shares Outstanding (Diluted) | 240.00M | 240.00M | 244.00M | 232.00M | 232.00M | |
| EPS (Basic) | -0.12 | 0.79 | 2.39 | -0.82 | -2.57 | |
| EPS (Diluted) | -0.13 | 0.62 | 2.15 | -0.82 | -2.57 | |
| Free Cash Flow | 712.00M | 492.00M | 193.00M | 243.00M | 464.00M | -160.00M |
| Free Cash Flow Per Share | 2.05 | 0.80 | 1.00 | 2.00 | -0.69 | |
| Gross Margin | 32.58% | 31.89% | 30.48% | 31.99% | 30.29% | 14.93% |
| Operating Margin | 12.53% | 10.73% | 9.22% | 6.72% | 1.87% | -38.78% |
| Profit Margin | 5.52% | -0.82% | 5.74% | 21.69% | -8.89% | -52.05% |
| Free Cash Flow Margin | 17.71% | 13.47% | 5.99% | 9.44% | 21.72% | -13.97% |
| EBITDA | 857.00M | 744.00M | 666.00M | 535.00M | 437.00M | -3.00M |
| EBITDA Margin | 21.31% | 20.37% | 20.67% | 20.79% | 20.46% | -0.26% |
| D&A For EBITDA | 353.00M | 352.00M | 369.00M | 362.00M | 397.00M | 441.00M |
| EBIT | 504.00M | 392.00M | 297.00M | 173.00M | 40.00M | -444.00M |
| EBIT Margin | 12.53% | 10.73% | 9.22% | 6.72% | 1.87% | -38.78% |
| Effective Tax Rate | 30.84% | 276.47% | 12.80% | |||
| Revenue as Reported | 4.04B | 3.65B | 3.22B | 2.57B | 2.14B | 1.15B |
| Advertising Expenses | 34.00M | 28.00M | 24.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.29B | 2.63B | 1.41B | 1.73B | 2.07B | 1.68B |
| Cash & Short-Term Investments | 1.29B | 2.63B | 1.41B | 1.73B | 2.07B | 1.68B |
| Accounts Receivable | 302.00M | 114.00M | 123.00M | 123.00M | 66.00M | 121.00M |
| Receivables | 302.00M | 114.00M | 123.00M | 123.00M | 66.00M | 121.00M |
| Restricted Cash | 7.00M | |||||
| Other Current Assets | 468.00M | 270.00M | 180.00M | 167.00M | 229.00M | 459.00M |
| Total Current Assets | 2.06B | 3.02B | 1.71B | 2.02B | 2.37B | 2.26B |
| Property, Plant & Equipment | 827.00M | 810.00M | 838.00M | 408.00M | 119.00M | 124.00M |
| Long-Term Investments | 33.00M | 33.00M | 41.00M | 253.00M | 221.00M | 207.00M |
| Goodwill | 7.20B | 4.13B | 3.96B | 3.96B | 3.96B | 3.96B |
| Other Intangible Assets | 5.27B | 2.69B | 2.86B | 3.16B | 3.51B | 3.88B |
| Long-Term Deferred Tax Assets | 560.00M | 577.00M | 608.00M | |||
| Other Long-Term Assets | 412.00M | 494.00M | 255.00M | 1.21B | 1.49B | 757.00M |
| Total Assets | 16.36B | 11.76B | 10.27B | 11.02B | 11.66B | 11.19B |
| Accounts Payable | 472.00M | 645.00M | 472.00M | 396.00M | 308.00M | 150.00M |
| Current Portion of Long-Term Debt | 42.00M | 26.00M | 36.00M | 61.00M | 695.00M | 209.00M |
| Current Portion of Leases | 15.00M | |||||
| Current Unearned Revenue | 1.09B | 267.00M | 247.00M | 347.00M | 253.00M | 259.00M |
| Other Current Liabilities | 49.00M | 177.00M | 32.00M | 29.00M | 40.00M | 74.00M |
| Total Current Liabilities | 1.65B | 1.13B | 787.00M | 833.00M | 1.30B | 692.00M |
| Long-Term Debt | 5.12B | 2.97B | 2.87B | 2.89B | 2.94B | 3.55B |
| Long-Term Leases | 29.00M | 38.00M | ||||
| Long-Term Deferred Tax Liabilities | 688.00M | |||||
| Other Long-Term Liabilities | 273.00M | 246.00M | 153.00M | 362.00M | 492.00M | 394.00M |
| Total Liabilities | 7.74B | 4.37B | 3.85B | 4.08B | 4.72B | 4.64B |
| Common Stock | 7.93B | 7.39B | 6.42B | 6.91B | 6.34B | 6.55B |
| Total Common Equity | 7.93B | 7.39B | 6.42B | 6.91B | 6.34B | 6.55B |
| Minority Interest | 692.00M | 25.00M | 600.00M | 5.00M | ||
| Shareholders' Equity | 8.62B | 7.39B | 6.42B | 6.93B | 6.94B | 6.55B |
| Total Liabilities & Equity | 16.36B | 11.76B | 10.27B | 11.02B | 11.66B | 11.19B |
| Total Debt | 5.16B | 3.04B | 2.94B | 2.95B | 3.63B | 3.76B |
| Net Cash (Debt) | -3.87B | -405.00M | -1.54B | -1.21B | -1.56B | -2.08B |
| Net Cash Per Share | -1.69 | -6.40 | -4.98 | -6.71 | -8.94 | |
| Filing Date Shares Outstanding | 249.26M | 234.67M | 233.87M | 232.05M | 231.82M | |
| Total Common Shares Outstanding | 249.26M | 234.62M | 233.87M | 232.19M | 231.82M | |
| Working Capital | 408.00M | 1.89B | 924.00M | 1.19B | 1.07B | 1.57B |
| Book Value Per Share | 29.64 | 27.36 | 29.55 | 27.31 | 28.25 | |
| Tangible Book Value | -4.54B | 565.00M | -395.00M | -209.00M | -1.12B | -1.29B |
| Tangible Book Value Per Share | 2.27 | -1.68 | -0.89 | -4.84 | -5.56 | |
| Land | 262.00M | 262.00M | ||||
| Buildings | 538.00M | 537.00M | ||||
| Machinery | 205.00M | 172.00M | ||||
| Construction In Progress | 2.00M | 2.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Net Income | 222.00M | -30.00M | 185.00M | 558.00M | -190.00M | -596.00M |
| Depreciation & Amortization | 364.00M | 352.00M | 369.00M | 362.00M | 397.00M | 441.00M |
| Asset Writedown & Restructuring Costs | 73.00M | 73.00M | ||||
| Loss (Gain) From Sale of Investments | -15.00M | -54.00M | 90.00M | 167.00M | ||
| Loss (Gain) on Equity Investments | 12.00M | 10.00M | 4.00M | -23.00M | 108.00M | |
| Stock-Based Compensation | 21.00M | 30.00M | 20.00M | 16.00M | 29.00M | 21.00M |
| Other Operating Activities | -53.00M | 197.00M | -76.00M | -464.00M | 35.00M | -235.00M |
| Change in Accounts Payable | 306.00M | -104.00M | 86.00M | 203.00M | 145.00M | -8.00M |
| Change in Other Net Operating Assets | -152.00M | 39.00M | 46.00M | -87.00M | -2.00M | -37.00M |
| Operating Cash Flow | 793.00M | 567.00M | 619.00M | 534.00M | 481.00M | -139.00M |
| Capital Expenditures | -81.00M | -75.00M | -426.00M | -291.00M | -17.00M | -21.00M |
| Cash Acquisitions | -3.27B | -205.00M | ||||
| Investment in Securities | -12.00M | 3.00M | -63.00M | 10.00M | 64.00M | 101.00M |
| Other Investing Activities | 182.00M | -15.00M | -21.00M | 675.00M | -647.00M | -5.00M |
| Investing Cash Flow | -3.15B | -292.00M | -510.00M | 394.00M | -600.00M | 75.00M |
| Long-Term Debt Issued | 645.00M | 2.88B | 1.27B | |||
| Long-Term Debt Repaid | -677.00M | -343.00M | -3.63B | -322.00M | -614.00M | |
| Net Debt Issued (Repaid) | 997.00M | -32.00M | -343.00M | -744.00M | -322.00M | 657.00M |
| Issuance of Common Stock | 939.00M | |||||
| Repurchase of Common Stock | -14.00M | -14.00M | -9.00M | -37.00M | -103.00M | -72.00M |
| Other Financing Activities | 17.00M | 72.00M | -83.00M | -488.00M | 937.00M | 573.00M |
| Financing Cash Flow | 1.00B | 965.00M | -435.00M | -1.27B | 512.00M | 1.16B |
| Foreign Exchange Rate Adjustments | 1.00M | -10.00M | 1.00M | -3.00M | 3.00M | |
| Net Cash Flow | -1.36B | 1.23B | -325.00M | -341.00M | 390.00M | 1.10B |
| Free Cash Flow | 712.00M | 492.00M | 193.00M | 243.00M | 464.00M | -160.00M |
| Free Cash Flow Margin | 17.71% | 13.47% | 5.99% | 9.44% | 21.72% | -13.97% |
| Free Cash Flow Per Share | 2.05 | 0.80 | 1.00 | 2.00 | -0.69 | |
| Levered Free Cash Flow | 654.25M | 672.00M | -19.12M | 278.00M | 760.12M | -289.75M |
| Unlevered Free Cash Flow | 793.00M | 802.00M | 114.62M | 371.12M | 837.00M | -198.50M |
| Change in Working Capital | 154.00M | -65.00M | 132.00M | 116.00M | 143.00M | -45.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 23.02B | 22.81B | 14.67B | 13.80B | 14.50B | 9.76B |
| Enterprise Value | 26.48B | 22.98B | 16.09B | 15.73B | 16.53B | 11.89B |
| Last Close Price | 92.47 | 92.66 | 63.13 | 57.77 | 61.11 | 41.17 |
| PE Ratio | 63.64 | 79.28 | 24.73 | |||
| Forward PE | 49.56 | 67.19 | 91.19 | 181.43 | 48.09 | 48.09 |
| PS Ratio | 5.34 | 6.25 | 4.55 | 5.36 | 6.79 | 8.52 |
| PB Ratio | 3.04 | 3.09 | 2.29 | 1.99 | 2.09 | 1.49 |
| P/TBV Ratio | 40.37 | |||||
| P/FCF Ratio | 32.56 | 46.37 | 76.00 | 56.77 | 31.25 | |
| P/OCF Ratio | 29.23 | 40.23 | 23.70 | 25.84 | 30.15 | |
| PEG Ratio | 5.97 | 2.88 | 34.26 | 6.13 | ||
| EV/Sales Ratio | 6.14 | 6.29 | 5.00 | 6.12 | 7.74 | 10.39 |
| EV/EBITDA Ratio | 26.94 | 30.89 | 24.17 | 29.41 | 37.83 | |
| EV/EBIT Ratio | 50.36 | 58.62 | 54.19 | 90.94 | 413.31 | |
| EV/FCF Ratio | 37.42 | 46.70 | 83.39 | 64.75 | 35.63 | |
| Debt / Equity Ratio | 0.60 | 0.41 | 0.46 | 0.42 | 0.52 | 0.57 |
| Debt / EBITDA Ratio | 6.03 | 4.08 | 4.42 | 5.51 | 8.31 | |
| Debt / FCF Ratio | 7.25 | 6.17 | 15.25 | 12.13 | 7.83 | |
| Net Debt / Equity Ratio | 0.45 | 0.06 | 0.24 | 0.17 | 0.22 | 0.32 |
| Net Debt / EBITDA Ratio | 4.52 | 0.54 | 2.31 | 2.27 | 3.56 | -691.67 |
| Net Debt / FCF Ratio | 5.44 | 0.82 | 7.96 | 5.00 | 3.36 | -12.97 |
| Asset Turnover | 0.28 | 0.33 | 0.30 | 0.23 | 0.19 | 0.10 |
| Quick Ratio | 0.96 | 2.43 | 1.95 | 2.23 | 1.65 | 2.61 |
| Current Ratio | 1.25 | 2.67 | 2.17 | 2.43 | 1.83 | 3.27 |
| Return on Equity (ROE) | 2.73% | -0.43% | 2.76% | 8.10% | -1.78% | -10.07% |
| Return on Assets (ROA) | 2.22% | 2.23% | 1.74% | 0.95% | 0.22% | -2.44% |
| Return on Invested Capital (ROIC) | 3.44% | -8.79% | 3.22% | 2.08% | 0.47% | -4.68% |
| Return on Capital Employed (ROCE) | 3.40% | 3.70% | 3.10% | 1.70% | 0.40% | -4.20% |
| Earnings Yield | 1.57% | -0.13% | 1.26% | 4.04% | -1.31% | -6.11% |
| FCF Yield | 3.07% | 2.16% | 1.32% | 1.76% | 3.20% | -1.64% |
| Buyback Yield / Dilution | -2.56% | 1.64% | -5.17% | -0.43% |