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Side-by-side financial comparison of EDGEWELL PERSONAL CARE Co (EPC) and Warner Music Group Corp. (WMG). Click either name above to swap in a different company.

EDGEWELL PERSONAL CARE Co is the larger business by last-quarter revenue ($422.8M vs $353.0M, roughly 1.2× Warner Music Group Corp.). Warner Music Group Corp. runs the higher net margin — 51.3% vs -15.5%, a 66.8% gap on every dollar of revenue. On growth, Warner Music Group Corp. posted the faster year-over-year revenue change (16.7% vs -11.6%). Warner Music Group Corp. produced more free cash flow last quarter ($99.0M vs $-137.5M). Over the past eight quarters, EDGEWELL PERSONAL CARE Co's revenue compounded faster (-16.0% CAGR vs -52.3%).

The Edgewell Personal Care Company is an American multinational consumer products company headquartered in Shelton, Connecticut. It was formed in 2015 following the corporate spin-off from Energizer Holdings, Inc..

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.

EPC vs WMG — Head-to-Head

Bigger by revenue
EPC
EPC
1.2× larger
EPC
$422.8M
$353.0M
WMG
Growing faster (revenue YoY)
WMG
WMG
+28.3% gap
WMG
16.7%
-11.6%
EPC
Higher net margin
WMG
WMG
66.8% more per $
WMG
51.3%
-15.5%
EPC
More free cash flow
WMG
WMG
$236.5M more FCF
WMG
$99.0M
$-137.5M
EPC
Faster 2-yr revenue CAGR
EPC
EPC
Annualised
EPC
-16.0%
-52.3%
WMG

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
EPC
EPC
WMG
WMG
Revenue
$422.8M
$353.0M
Net Profit
$-65.7M
$181.0M
Gross Margin
38.1%
363.5%
Operating Margin
-4.5%
74.8%
Net Margin
-15.5%
51.3%
Revenue YoY
-11.6%
16.7%
Net Profit YoY
-3028.6%
402.8%
EPS (diluted)
$-1.41

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
EPC
EPC
WMG
WMG
Q1 26
$353.0M
Q4 25
$422.8M
$1.8B
Q3 25
$600.5M
$1.9B
Q2 25
$627.2M
$1.7B
Q1 25
$580.7M
$1.5B
Q4 24
$415.1M
$1.7B
Q3 24
$517.6M
$1.6B
Q2 24
$647.8M
$1.6B
Net Profit
EPC
EPC
WMG
WMG
Q1 26
$181.0M
Q4 25
$-65.7M
$176.0M
Q3 25
$-30.6M
$109.0M
Q2 25
$29.1M
$-16.0M
Q1 25
$29.0M
$36.0M
Q4 24
$-2.1M
$236.0M
Q3 24
$8.8M
$41.0M
Q2 24
$49.0M
$139.0M
Gross Margin
EPC
EPC
WMG
WMG
Q1 26
363.5%
Q4 25
38.1%
46.4%
Q3 25
37.9%
44.6%
Q2 25
42.8%
45.9%
Q1 25
44.1%
46.7%
Q4 24
41.6%
46.3%
Q3 24
41.1%
47.6%
Q2 24
44.3%
46.6%
Operating Margin
EPC
EPC
WMG
WMG
Q1 26
74.8%
Q4 25
-4.5%
15.7%
Q3 25
-4.2%
7.7%
Q2 25
8.6%
10.0%
Q1 25
10.1%
11.3%
Q4 24
2.2%
12.8%
Q3 24
3.9%
8.8%
Q2 24
12.8%
13.3%
Net Margin
EPC
EPC
WMG
WMG
Q1 26
51.3%
Q4 25
-15.5%
9.6%
Q3 25
-5.1%
5.8%
Q2 25
4.6%
-0.9%
Q1 25
5.0%
2.4%
Q4 24
-0.5%
14.2%
Q3 24
1.7%
2.5%
Q2 24
7.6%
8.9%
EPS (diluted)
EPC
EPC
WMG
WMG
Q1 26
Q4 25
$-1.41
Q3 25
$-0.65
Q2 25
$0.62
Q1 25
$0.60
Q4 24
$-0.04
Q3 24
$0.18
Q2 24
$0.98

Balance Sheet & Financial Strength

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

Metric
EPC
EPC
WMG
WMG
Cash + ST InvestmentsLiquidity on hand
$741.0M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$1.5B
$839.0M
Total Assets
$3.8B
$10.6B
Debt / EquityLower = less leverage
1.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPC
EPC
WMG
WMG
Q1 26
$741.0M
Q4 25
$751.0M
Q3 25
$532.0M
Q2 25
$527.0M
Q1 25
$637.0M
Q4 24
$802.0M
Q3 24
$209.1M
$694.0M
Q2 24
$607.0M
Total Debt
EPC
EPC
WMG
WMG
Q1 26
Q4 25
$1.5B
$4.4B
Q3 25
$1.4B
$4.4B
Q2 25
$1.4B
$4.4B
Q1 25
$1.4B
$4.3B
Q4 24
$1.4B
$4.0B
Q3 24
$1.3B
$4.0B
Q2 24
$1.3B
$4.0B
Stockholders' Equity
EPC
EPC
WMG
WMG
Q1 26
$839.0M
Q4 25
$1.5B
$720.0M
Q3 25
$1.6B
$647.0M
Q2 25
$1.6B
$589.0M
Q1 25
$1.5B
$567.0M
Q4 24
$1.5B
$545.0M
Q3 24
$1.6B
$518.0M
Q2 24
$1.6B
$483.0M
Total Assets
EPC
EPC
WMG
WMG
Q1 26
$10.6B
Q4 25
$3.8B
$10.0B
Q3 25
$3.8B
$9.8B
Q2 25
$3.8B
$9.8B
Q1 25
$3.8B
$9.6B
Q4 24
$3.7B
$9.1B
Q3 24
$3.7B
$9.2B
Q2 24
$3.7B
$8.8B
Debt / Equity
EPC
EPC
WMG
WMG
Q1 26
Q4 25
1.03×
6.07×
Q3 25
0.89×
6.75×
Q2 25
0.88×
7.41×
Q1 25
0.95×
7.57×
Q4 24
0.97×
7.26×
Q3 24
0.81×
7.75×
Q2 24
0.82×
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
EPC
EPC
WMG
WMG
Operating Cash FlowLast quarter
$-125.9M
$126.0M
Free Cash FlowOCF − Capex
$-137.5M
$99.0M
FCF MarginFCF / Revenue
-32.5%
28.0%
Capex IntensityCapex / Revenue
2.7%
7.6%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$36.3M
$729.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPC
EPC
WMG
WMG
Q1 26
$126.0M
Q4 25
$-125.9M
$440.0M
Q3 25
$74.1M
$231.0M
Q2 25
$114.8M
$46.0M
Q1 25
$45.1M
$69.0M
Q4 24
$-115.6M
$332.0M
Q3 24
$-388.3M
$304.0M
Q2 24
$101.2M
$188.0M
Free Cash Flow
EPC
EPC
WMG
WMG
Q1 26
$99.0M
Q4 25
$-137.5M
$420.0M
Q3 25
$46.5M
$203.0M
Q2 25
$99.3M
$7.0M
Q1 25
$28.0M
$33.0M
Q4 24
$-132.4M
$296.0M
Q3 24
$-414.2M
$271.0M
Q2 24
$88.6M
$160.0M
FCF Margin
EPC
EPC
WMG
WMG
Q1 26
28.0%
Q4 25
-32.5%
22.8%
Q3 25
7.7%
10.9%
Q2 25
15.8%
0.4%
Q1 25
4.8%
2.2%
Q4 24
-31.9%
17.8%
Q3 24
-80.0%
16.6%
Q2 24
13.7%
10.3%
Capex Intensity
EPC
EPC
WMG
WMG
Q1 26
7.6%
Q4 25
2.7%
1.1%
Q3 25
4.6%
1.5%
Q2 25
2.5%
2.3%
Q1 25
2.9%
2.4%
Q4 24
4.0%
2.2%
Q3 24
5.0%
2.0%
Q2 24
1.9%
1.8%
Cash Conversion
EPC
EPC
WMG
WMG
Q1 26
0.70×
Q4 25
2.50×
Q3 25
2.12×
Q2 25
3.95×
Q1 25
1.56×
1.92×
Q4 24
1.41×
Q3 24
-44.13×
7.41×
Q2 24
2.07×
1.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPC
EPC

Other$242.0M57%
Sunand Skin Care Segment$131.5M31%
Shavinggelsandcreams$32.3M8%
Wipes And Other Skin Care Products$17.0M4%

WMG
WMG

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

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