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Side-by-side financial comparison of Jacobs Solutions (J) and Warner Music Group Corp. (WMG). Click either name above to swap in a different company.

Jacobs Solutions is the larger business by last-quarter revenue ($3.3B vs $1.8B, roughly 1.8× Warner Music Group Corp.). Warner Music Group Corp. runs the higher net margin — 9.6% vs 3.8%, a 5.8% gap on every dollar of revenue. On growth, Jacobs Solutions posted the faster year-over-year revenue change (12.3% vs 10.4%). Warner Music Group Corp. produced more free cash flow last quarter ($420.0M vs $364.9M). Over the past eight quarters, Warner Music Group Corp.'s revenue compounded faster (11.0% CAGR vs -12.2%).

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No.

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.

J vs WMG — Head-to-Head

Bigger by revenue
J
J
1.8× larger
J
$3.3B
$1.8B
WMG
Growing faster (revenue YoY)
J
J
+1.8% gap
J
12.3%
10.4%
WMG
Higher net margin
WMG
WMG
5.8% more per $
WMG
9.6%
3.8%
J
More free cash flow
WMG
WMG
$55.1M more FCF
WMG
$420.0M
$364.9M
J
Faster 2-yr revenue CAGR
WMG
WMG
Annualised
WMG
11.0%
-12.2%
J

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
J
J
WMG
WMG
Revenue
$3.3B
$1.8B
Net Profit
$125.5M
$176.0M
Gross Margin
23.2%
46.4%
Operating Margin
7.1%
15.7%
Net Margin
3.8%
9.6%
Revenue YoY
12.3%
10.4%
Net Profit YoY
792.3%
-25.4%
EPS (diluted)
$1.12

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
J
J
WMG
WMG
Q4 25
$3.3B
$1.8B
Q3 25
$3.2B
$1.9B
Q2 25
$3.0B
$1.7B
Q1 25
$2.9B
$1.5B
Q4 24
$2.9B
$1.7B
Q3 24
$-1.2B
$1.6B
Q2 24
$4.2B
$1.6B
Q1 24
$4.3B
$1.5B
Net Profit
J
J
WMG
WMG
Q4 25
$125.5M
$176.0M
Q3 25
$122.2M
$109.0M
Q2 25
$179.6M
$-16.0M
Q1 25
$5.6M
$36.0M
Q4 24
$-18.1M
$236.0M
Q3 24
$325.4M
$41.0M
Q2 24
$146.9M
$139.0M
Q1 24
$162.1M
$96.0M
Gross Margin
J
J
WMG
WMG
Q4 25
23.2%
46.4%
Q3 25
24.3%
44.6%
Q2 25
25.0%
45.9%
Q1 25
25.4%
46.7%
Q4 24
24.6%
46.3%
Q3 24
47.6%
Q2 24
21.7%
46.6%
Q1 24
21.2%
47.1%
Operating Margin
J
J
WMG
WMG
Q4 25
7.1%
15.7%
Q3 25
6.7%
7.7%
Q2 25
7.8%
10.0%
Q1 25
7.2%
11.3%
Q4 24
7.1%
12.8%
Q3 24
8.8%
Q2 24
6.2%
13.3%
Q1 24
6.6%
8.0%
Net Margin
J
J
WMG
WMG
Q4 25
3.8%
9.6%
Q3 25
3.9%
5.8%
Q2 25
5.9%
-0.9%
Q1 25
0.2%
2.4%
Q4 24
-0.6%
14.2%
Q3 24
-28.1%
2.5%
Q2 24
3.5%
8.9%
Q1 24
3.8%
6.4%
EPS (diluted)
J
J
WMG
WMG
Q4 25
$1.12
Q3 25
$0.88
Q2 25
$1.55
Q1 25
$0.06
Q4 24
$-0.11
Q3 24
$2.50
Q2 24
$1.17
Q1 24
$1.28

Balance Sheet & Financial Strength

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

Metric
J
J
WMG
WMG
Cash + ST InvestmentsLiquidity on hand
$1.6B
$751.0M
Total DebtLower is stronger
$4.4B
Stockholders' EquityBook value
$3.4B
$720.0M
Total Assets
$11.6B
$10.0B
Debt / EquityLower = less leverage
6.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
J
J
WMG
WMG
Q4 25
$1.6B
$751.0M
Q3 25
$1.2B
$532.0M
Q2 25
$1.3B
$527.0M
Q1 25
$1.2B
$637.0M
Q4 24
$1.3B
$802.0M
Q3 24
$1.1B
$694.0M
Q2 24
$1.2B
$607.0M
Q1 24
$1.0B
$587.0M
Total Debt
J
J
WMG
WMG
Q4 25
$4.4B
Q3 25
$4.4B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.0B
Q3 24
$4.0B
Q2 24
$4.0B
Q1 24
$4.0B
Stockholders' Equity
J
J
WMG
WMG
Q4 25
$3.4B
$720.0M
Q3 25
$3.6B
$647.0M
Q2 25
$3.8B
$589.0M
Q1 25
$3.9B
$567.0M
Q4 24
$4.2B
$545.0M
Q3 24
$4.5B
$518.0M
Q2 24
$6.6B
$483.0M
Q1 24
$6.6B
$433.0M
Total Assets
J
J
WMG
WMG
Q4 25
$11.6B
$10.0B
Q3 25
$11.3B
$9.8B
Q2 25
$11.4B
$9.8B
Q1 25
$11.2B
$9.6B
Q4 24
$11.6B
$9.1B
Q3 24
$11.8B
$9.2B
Q2 24
$15.0B
$8.8B
Q1 24
$14.9B
$8.7B
Debt / Equity
J
J
WMG
WMG
Q4 25
6.07×
Q3 25
6.75×
Q2 25
7.41×
Q1 25
7.57×
Q4 24
7.26×
Q3 24
7.75×
Q2 24
8.24×
Q1 24
9.20×

Cash Flow & Capital Efficiency

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

Metric
J
J
WMG
WMG
Operating Cash FlowLast quarter
$380.8M
$440.0M
Free Cash FlowOCF − Capex
$364.9M
$420.0M
FCF MarginFCF / Revenue
11.1%
22.8%
Capex IntensityCapex / Revenue
0.5%
1.1%
Cash ConversionOCF / Net Profit
3.03×
2.50×
TTM Free Cash FlowTrailing 4 quarters
$875.3M
$663.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
J
J
WMG
WMG
Q4 25
$380.8M
$440.0M
Q3 25
$383.1M
$231.0M
Q2 25
$292.6M
$46.0M
Q1 25
$-96.4M
$69.0M
Q4 24
$107.5M
$332.0M
Q3 24
$196.5M
$304.0M
Q2 24
$482.6M
$188.0M
Q1 24
$-42.8M
$-31.0M
Free Cash Flow
J
J
WMG
WMG
Q4 25
$364.9M
$420.0M
Q3 25
$353.5M
$203.0M
Q2 25
$270.5M
$7.0M
Q1 25
$-113.7M
$33.0M
Q4 24
$97.1M
$296.0M
Q3 24
$158.2M
$271.0M
Q2 24
$444.9M
$160.0M
Q1 24
$-70.6M
$-57.0M
FCF Margin
J
J
WMG
WMG
Q4 25
11.1%
22.8%
Q3 25
11.2%
10.9%
Q2 25
8.9%
0.4%
Q1 25
-3.9%
2.2%
Q4 24
3.3%
17.8%
Q3 24
-13.6%
16.6%
Q2 24
10.5%
10.3%
Q1 24
-1.7%
-3.8%
Capex Intensity
J
J
WMG
WMG
Q4 25
0.5%
1.1%
Q3 25
0.9%
1.5%
Q2 25
0.7%
2.3%
Q1 25
0.6%
2.4%
Q4 24
0.4%
2.2%
Q3 24
-3.3%
2.0%
Q2 24
0.9%
1.8%
Q1 24
0.7%
1.7%
Cash Conversion
J
J
WMG
WMG
Q4 25
3.03×
2.50×
Q3 25
3.13×
2.12×
Q2 25
1.63×
Q1 25
-17.18×
1.92×
Q4 24
1.41×
Q3 24
0.60×
7.41×
Q2 24
3.28×
1.35×
Q1 24
-0.26×
-0.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

J
J

Infrastructure Advanced Facilities$2.9B89%
PA Consulting$354.4M11%

WMG
WMG

Digital$976.0M53%
Music Publishing$362.0M20%
Artist Services And Expanded Rights$231.0M13%
Licensing$121.0M7%
Performance$64.0M3%
Synchronization$60.0M3%
Mechanical$18.0M1%
Other$5.0M0%

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