Forensic Analysis · Media / Entertainment / Streaming · as of Aug 11, 2026

Liberty Media Corp (FWONK)

A forensic read on Liberty Media Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

6.0

Distress distance

Clean

Earnings quality

Forensic signals

44.4

P / E (ttm)

7.2%

ROE

$25.6B

Market cap

22.7%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Liberty Media Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 6.0, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).

What the filings flag

+51.1%

FY2024→FY2025

Accruals ratio (% of NOA). Net operating assets grew +51.1% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The build is led by payables paid down 11% on the year. The cash-flow cross-check is more mixed: reported earnings ran in line with operating cash by 4% of net operating assets, diverging from the balance-sheet accrual read.

3.5%

FY2025

Return on invested capital. Return on invested capital is 3.5% in the latest fiscal year and rising from 0% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.

$1.0B

FY2020–FY2024

Goodwill impairments. Took $1.0B of goodwill writedowns across 2 years (FY2020 ($956M), FY2024 ($73M)). Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$4.48B

Revenue Growth YoY+22.7%

Revenue CAGR (3yr)+12.3%

Net Margin12.4%

Free Cash Flow$789.0M

Return on Equity7.2%

Debt / Equity0.66x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Liberty Media Corp's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.