# Formula One Group share price today (Formula One Group, FWONA)

> Formula One Group's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. FWONA · Communication Services · Entertainment · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/fwona

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## Key numbers

- Business trend: Turning around, from fewer quarters than usual
- Price: $87.84 (−3.5% in a year)
- P/E: 60.9×, over 2.3 years
- Revenue (Mar 2026): $711 M (+61.2% on a year ago)
- Profit (Mar 2026): $53.0 M (+140.9% on a year ago)
- Operating margin: 9.0% (+21.7 points on a year ago)
- ROE: 7%, FY25
- ROIC: 3.0%, against a 7.3% cost of capital: −4.3 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Formula One Group share price today? Formula One Group's share price was $87.84 at the close on 3 November 2026. It has been stalling near its high for 2 weeks. That is 4.1% above its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 8 weeks running. In the last 52 weeks it traded between $75 and $97, and at that close it sat 61% of the way up from that low. Over the last 10 years the share price moved +350% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Formula One Group pay? Formula One Group pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Formula One Group on? Formula One Group is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Formula One Group profitable? Formula One Group earned $53.0 M of net profit in the Mar 2026 quarter, +140.9% on the same quarter a year earlier. Full-year FY25 profit was $555 M. That is 7.5% of the quarter's revenue. The same quarter a year earlier earned $22.0 M. 1 of the last 12 reported quarters were loss-making. Why profit moved: revenue changed +61.2% on a year earlier and the margin moved +21.7 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +529.7% and revenue +38.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Formula One Group make, and is it growing? Formula One Group reported $711 M of revenue in the Mar 2026 quarter, +61.2% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 5 years it has grown 31.4% a year on average. The last full year, FY25, came in at $4.5 B. The last four reported quarters add to $4.7 B. FY25 revenue was $4.5 B, +22.7% on the year before. Recent pace: the last four quarters grew +38.1% on average, against 31.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +35.0%, against +17.5% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Formula One Group keep? Formula One Group's operating margin was 9.0% in the Mar 2026 quarter, 21.7 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between −38.8% and 12.9%. The latest quarter is within that range. Across 6 years it has been between −38.8% and 12.9%, and FY25's 12.9% is the highest of them. Why the margin moved: operating margin changed +21.7 percentage points on the year while gross margin changed +15.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Formula One Group's profit turning into cash? Over the last 3 years, 159% of Formula One Group's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $908 M of operating cash against $555 M of profit. After $119 M of spending on assets, $789 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Formula One Group's cash go? Formula One Group does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $620 M on assets over the last 3 years. Averaged over those years that is 4.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $620 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Formula One Group's P/E ratio, and how does it compare with its own history? Formula One Group's P/E is 60.9×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Formula One Group business getting better or worse? Formula One Group's business is turning around. Profit growth has swung from −116.2% at its low to −20.1%, rising from a low 2 quarters ago, with ROCE steady at 2.3%. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Formula One Group earn on its capital? Formula One Group earned a ROE of 7% in FY25. That is up from a low of −9% in FY20. Its return on capital used (ROIC) is 4.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 12.4% net margin and 0.29× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 12.4% net margin × 0.29× asset turnover × 1.82× leverage (assets divided by equity) ≈ 6.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 3.0% − 7.3% = −4.3 percentage points. The 7.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 3.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 4.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Formula One Group have too much debt? Formula One Group has total debt of $5.0 B against shareholder equity of $8.4 B as of Mar 2026, so its debt is 0.60× its equity. Year by year, that ratio went from 0.57 in FY20 to 0.60 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Formula One Group shareholding pattern? 0.4% of Formula One Group's tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 4.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Formula One Group from balance-sheet trouble? For Formula One Group, the Z-score is 2.96. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.96 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Formula One Group rank in its industry? There is no score against its industry: Formula One Group is not among the largest members shown in this industry comparison for Entertainment. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Formula One Group compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Formula One Group in size? Formula One Group is the 9th largest of 32 Entertainment companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: TKO Group Holdings, Inc., Fox Corporation and Roku, Inc. Just below it: Warner Music Group Corp., News Corporation and Sirius XM Holdings Inc. ### Entertainment companies close in size

1. [TKO Group Holdings, Inc.](https://www.sectoralpha.in/us/stocks/tko) $35.4 billion
2. [Fox Corporation](https://www.sectoralpha.in/us/stocks/foxa) $28.3 billion
3. [Roku, Inc.](https://www.sectoralpha.in/us/stocks/roku) $23.8 billion
4. Formula One Group $23.8 billion
5. [Warner Music Group Corp.](https://www.sectoralpha.in/us/stocks/wmg) $16.3 billion
6. [News Corporation](https://www.sectoralpha.in/us/stocks/nwsa) $15.8 billion
7. [Sirius XM Holdings Inc.](https://www.sectoralpha.in/us/stocks/siri) $10.4 billion

[All 32 Entertainment companies, largest first](https://www.sectoralpha.in/us/sectors/entertainment#all-companies)

### Companies close in size in other industries

1. [Ralph Lauren Corporation](https://www.sectoralpha.in/us/stocks/rl) $23.7 billion · Apparel Manufacturing
2. [ATI Inc.](https://www.sectoralpha.in/us/stocks/ati) $23.7 billion · Metal Fabrication
3. Formula One Group $23.4 billion
4. [Markel Group Inc.](https://www.sectoralpha.in/us/stocks/mkl) $23.3 billion · Insurance - Property & Casualty
5. [LPL Financial Holdings Inc.](https://www.sectoralpha.in/us/stocks/lpla) $23.3 billion · Capital Markets

## What else do people ask about Formula One Group? ### What were Formula One Group's latest quarterly results? Formula One Group reported revenue of $711 M and net profit of $53.0 M for the Mar 2026 quarter. Revenue rose 61.2% and profit rose 140.9% compared with a year earlier. Earnings per share were $0.03. The operating margin was 9.0%, 21.7 percentage points higher than a year earlier (as of 3 November 2026). ### What is Formula One Group's market cap? Formula One Group's market capitalisation is $23.8 B at a stock price of $87.84. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Formula One Group performing? Formula One Group's share price has been stalling near its high for 2 weeks. In its latest quarter, revenue rose 61.2% and profit rose 140.9% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 8 weeks running (as of 3 November 2026). ### Will Formula One Group's stock price go up? This page does not forecast Formula One Group's stock price. What it shows instead: the stock price is $87.84, and it has been stalling near its high for 2 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does Formula One Group have too much debt? Formula One Group has a moderate amount of debt: its debt is 0.59× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Formula One Group in its business cycle? Formula One Group's FY25 operating margin was 12.9%, against a 6-year range of −38.8% to 12.9%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 9.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Formula One Group story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Formula One Group a stock worth studying right now? What the numbers show: Formula One Group's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.