Forensic Analysis · Television Broadcasting · as of Nov 9, 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.
B · Sound & dependable
Forensic grade
Safe
Financial health
3.3
Distress distance
Clean
Earnings quality
2
Forensic signals
7.5%
ROE
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 (auditor quality, say on pay, board independence, going concern). 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 B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 3.3, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
4.1%
FY2025
Return on invested capital.Return on invested capital is 4.1% in the latest fiscal year and rising across FY2023–FY2025 from 0.6%. After-tax operating profit was $200M in FY2023 and $469M in FY2025, with operating income at 7.4% of revenue in FY2023, 7.9% in FY2024 and 12.9% in FY2025. The capital base behind it came down -68% across FY2023–FY2025, from $35.3B to $11.4B, so this return is struck on a smaller base than it started on. Across FY2024–FY2025, $3.7B went into capital expenditure and acquisitions against $133M of depreciation excluding $612M of intangible-asset amortisation. The base is struck net of amortisation, write-downs and the current liabilities that fund it, so it moved by less than that spending net of the wear, and this row does not say which of those absorbed the difference. FY2024's operating profit carried a $73M goodwill write-off that alone took about 0.3 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
$73M
FY2024
Goodwill impairments.Took $73M of goodwill writedowns across 1 year (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 (2yr)+12.0%
Net Margin12.4%
Free Cash Flow$789.0M
Return on Equity7.5%
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?