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Side-by-side financial comparison of Atmus Filtration Technologies Inc. (ATMU) and Warner Music Group Corp. (WMG). Click either name above to swap in a different company.

Atmus Filtration Technologies Inc. is the larger business by last-quarter revenue ($446.6M vs $353.0M, roughly 1.3× Warner Music Group Corp.). Warner Music Group Corp. runs the higher net margin — 51.3% vs 10.7%, a 40.5% gap on every dollar of revenue. On growth, Warner Music Group Corp. posted the faster year-over-year revenue change (16.7% vs 9.8%). Warner Music Group Corp. produced more free cash flow last quarter ($99.0M vs $31.2M). Over the past eight quarters, Atmus Filtration Technologies Inc.'s revenue compounded faster (2.3% CAGR vs -52.3%).

Atmus Filtration Technologies Inc. designs, manufactures and distributes high-performance filtration products and tailored solutions. Its portfolio covers air, fuel, oil and hydraulic filtration systems, serving global automotive, heavy-duty vehicle, industrial equipment and aerospace end markets, for both original equipment manufacturers and aftermarket replacement customers.

Warner Music Group Corp., commonly abbreviated as WMG, is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "Big Three" recording companies and the third-largest in the global music industry, after Universal Music Group and Sony Music Entertainment.

ATMU vs WMG — Head-to-Head

Bigger by revenue
ATMU
ATMU
1.3× larger
ATMU
$446.6M
$353.0M
WMG
Growing faster (revenue YoY)
WMG
WMG
+6.9% gap
WMG
16.7%
9.8%
ATMU
Higher net margin
WMG
WMG
40.5% more per $
WMG
51.3%
10.7%
ATMU
More free cash flow
WMG
WMG
$67.8M more FCF
WMG
$99.0M
$31.2M
ATMU
Faster 2-yr revenue CAGR
ATMU
ATMU
Annualised
ATMU
2.3%
-52.3%
WMG

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ATMU
ATMU
WMG
WMG
Revenue
$446.6M
$353.0M
Net Profit
$48.0M
$181.0M
Gross Margin
28.5%
363.5%
Operating Margin
15.8%
74.8%
Net Margin
10.7%
51.3%
Revenue YoY
9.8%
16.7%
Net Profit YoY
19.7%
402.8%
EPS (diluted)
$0.58

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATMU
ATMU
WMG
WMG
Q1 26
$353.0M
Q4 25
$446.6M
$1.8B
Q3 25
$447.7M
$1.9B
Q2 25
$453.5M
$1.7B
Q1 25
$416.5M
$1.5B
Q4 24
$406.7M
$1.7B
Q3 24
$403.7M
$1.6B
Q2 24
$432.6M
$1.6B
Net Profit
ATMU
ATMU
WMG
WMG
Q1 26
$181.0M
Q4 25
$48.0M
$176.0M
Q3 25
$54.8M
$109.0M
Q2 25
$59.9M
$-16.0M
Q1 25
$44.7M
$36.0M
Q4 24
$40.1M
$236.0M
Q3 24
$43.8M
$41.0M
Q2 24
$56.2M
$139.0M
Gross Margin
ATMU
ATMU
WMG
WMG
Q1 26
363.5%
Q4 25
28.5%
46.4%
Q3 25
28.9%
44.6%
Q2 25
28.9%
45.9%
Q1 25
26.5%
46.7%
Q4 24
26.3%
46.3%
Q3 24
27.6%
47.6%
Q2 24
30.5%
46.6%
Operating Margin
ATMU
ATMU
WMG
WMG
Q1 26
74.8%
Q4 25
15.8%
15.7%
Q3 25
18.3%
7.7%
Q2 25
18.0%
10.0%
Q1 25
15.6%
11.3%
Q4 24
13.4%
12.8%
Q3 24
15.7%
8.8%
Q2 24
18.4%
13.3%
Net Margin
ATMU
ATMU
WMG
WMG
Q1 26
51.3%
Q4 25
10.7%
9.6%
Q3 25
12.2%
5.8%
Q2 25
13.2%
-0.9%
Q1 25
10.7%
2.4%
Q4 24
9.9%
14.2%
Q3 24
10.8%
2.5%
Q2 24
13.0%
8.9%
EPS (diluted)
ATMU
ATMU
WMG
WMG
Q1 26
Q4 25
$0.58
Q3 25
$0.66
Q2 25
$0.72
Q1 25
$0.54
Q4 24
$0.49
Q3 24
$0.52
Q2 24
$0.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATMU
ATMU
WMG
WMG
Cash + ST InvestmentsLiquidity on hand
$236.4M
$741.0M
Total DebtLower is stronger
$570.0M
Stockholders' EquityBook value
$378.5M
$839.0M
Total Assets
$1.4B
$10.6B
Debt / EquityLower = less leverage
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATMU
ATMU
WMG
WMG
Q1 26
$741.0M
Q4 25
$236.4M
$751.0M
Q3 25
$218.3M
$532.0M
Q2 25
$190.8M
$527.0M
Q1 25
$183.3M
$637.0M
Q4 24
$184.3M
$802.0M
Q3 24
$196.8M
$694.0M
Q2 24
$160.5M
$607.0M
Total Debt
ATMU
ATMU
WMG
WMG
Q1 26
Q4 25
$570.0M
$4.4B
Q3 25
$577.5M
$4.4B
Q2 25
$585.0M
$4.4B
Q1 25
$588.8M
$4.3B
Q4 24
$592.5M
$4.0B
Q3 24
$596.2M
$4.0B
Q2 24
$600.0M
$4.0B
Stockholders' Equity
ATMU
ATMU
WMG
WMG
Q1 26
$839.0M
Q4 25
$378.5M
$720.0M
Q3 25
$336.7M
$647.0M
Q2 25
$316.3M
$589.0M
Q1 25
$265.3M
$567.0M
Q4 24
$227.4M
$545.0M
Q3 24
$221.2M
$518.0M
Q2 24
$178.1M
$483.0M
Total Assets
ATMU
ATMU
WMG
WMG
Q1 26
$10.6B
Q4 25
$1.4B
$10.0B
Q3 25
$1.3B
$9.8B
Q2 25
$1.3B
$9.8B
Q1 25
$1.2B
$9.6B
Q4 24
$1.2B
$9.1B
Q3 24
$1.2B
$9.2B
Q2 24
$1.2B
$8.8B
Debt / Equity
ATMU
ATMU
WMG
WMG
Q1 26
Q4 25
1.51×
6.07×
Q3 25
1.72×
6.75×
Q2 25
1.85×
7.41×
Q1 25
2.22×
7.57×
Q4 24
2.61×
7.26×
Q3 24
2.70×
7.75×
Q2 24
3.37×
8.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATMU
ATMU
WMG
WMG
Operating Cash FlowLast quarter
$47.5M
$126.0M
Free Cash FlowOCF − Capex
$31.2M
$99.0M
FCF MarginFCF / Revenue
7.0%
28.0%
Capex IntensityCapex / Revenue
3.6%
7.6%
Cash ConversionOCF / Net Profit
0.99×
0.70×
TTM Free Cash FlowTrailing 4 quarters
$148.8M
$729.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATMU
ATMU
WMG
WMG
Q1 26
$126.0M
Q4 25
$47.5M
$440.0M
Q3 25
$82.1M
$231.0M
Q2 25
$44.4M
$46.0M
Q1 25
$28.7M
$69.0M
Q4 24
$20.0M
$332.0M
Q3 24
$70.7M
$304.0M
Q2 24
$22.9M
$188.0M
Free Cash Flow
ATMU
ATMU
WMG
WMG
Q1 26
$99.0M
Q4 25
$31.2M
$420.0M
Q3 25
$68.9M
$203.0M
Q2 25
$32.4M
$7.0M
Q1 25
$16.3M
$33.0M
Q4 24
$10.0M
$296.0M
Q3 24
$54.3M
$271.0M
Q2 24
$11.3M
$160.0M
FCF Margin
ATMU
ATMU
WMG
WMG
Q1 26
28.0%
Q4 25
7.0%
22.8%
Q3 25
15.4%
10.9%
Q2 25
7.1%
0.4%
Q1 25
3.9%
2.2%
Q4 24
2.5%
17.8%
Q3 24
13.5%
16.6%
Q2 24
2.6%
10.3%
Capex Intensity
ATMU
ATMU
WMG
WMG
Q1 26
7.6%
Q4 25
3.6%
1.1%
Q3 25
2.9%
1.5%
Q2 25
2.6%
2.3%
Q1 25
3.0%
2.4%
Q4 24
2.5%
2.2%
Q3 24
4.1%
2.0%
Q2 24
2.7%
1.8%
Cash Conversion
ATMU
ATMU
WMG
WMG
Q1 26
0.70×
Q4 25
0.99×
2.50×
Q3 25
1.50×
2.12×
Q2 25
0.74×
Q1 25
0.64×
1.92×
Q4 24
0.50×
1.41×
Q3 24
1.61×
7.41×
Q2 24
0.41×
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATMU
ATMU

Fuel Products$219.1M49%
Lube$84.8M19%
Air$74.0M17%
Other$68.7M15%
Related Party$14.9M3%

WMG
WMG

Music Publishing Digital$224.0M63%
Other$129.0M37%

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