Formula One Group (FWONA) Stock Price & Analysis
Formula One Group (FWONA) is trading at USD 83.07, down 0.81% today, as of October 23, 2026 at 15:06 UTC (US market open; quotes may be delayed), according to Nexqual market data.
FWONA last closed at USD 83.75; today's session has ranged USD 82.73–83.85 on volume of 20,931 shares. Market capitalization is $20.83B, with a 52-week range of USD 73.7–98.79 (NMS). Source: Nexqual, retrieved October 23, 2026 at 15:08 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FWONA.md
Key facts (FWONA)
- Last four reported quarters (through Jun 30, 2026): revenue $4.34B, net income $408M (9.4% margin), free cash flow $823M (SEC filings).
- Valuation: P/E 51.0x, EV/EBITDA 24.9x, net debt $3.46B.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $10.1M; 2 not under a Rule 10b5-1 plan ($10.1M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (6 analysts), mean target USD 111 (range 100–124).
- Total return with dividends: 1Y -7.5% vs S&P 500 +14.8%; 5Y +66.4% vs S&P 500 +77.5%.
- Next earnings: 2026-11-05, EPS estimate USD 0.51, revenue estimate $1.24B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FWONA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $11.4B | $3.16B | $3.57B | $3.65B | $4.48B | $4.34B |
| Operating income | $1.98B | $145M | $266M | $287M | $577M | $516M |
| Net income | $398M | $1.81B | $761M | -$2.06B | $555M | $408M |
| Free cash flow | $2.00B | $2.24B | $2.00B | $492M | $789M | $823M |
| Operating margin | 17.3% | 4.6% | 7.4% | 7.9% | 12.9% | 11.9% |
| Net margin | 3.5% | 57.4% | 21.3% | -56.5% | 12.4% | 9.4% |
| Revenue growth | +21.8% | -72.3% | +13.0% | +2.3% | +22.7% | — |
| Cash + short-term investments | $2.81B | $1.88B | $1.41B | $2.63B | $1.05B | — |
| Total debt | $18.6B | $16.6B | $4.22B | $2.99B | $5.10B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FWONA)
P/E 51.0x · P/S 4.8x · EV/EBITDA 24.9x · EV/Sales 5.6x · P/FCF 25.3x · P/B 2.7x · FCF yield 3.95% · Earnings yield 1.96% · Net debt $3.46B · EV $24.3B
Insider sales (SEC Form 4, open-market, last ~7 months) (FWONA)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-15 | Wilm Renee L | Chief Legal/Admin Officer | 11,597 | $1.0M | 42.7% | No | Too little history (no open-market trades in 2023) |
| 2026-05-27 | Carey Chase | Director | 100,000 | $9.0M | 51.5% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (FWONA)
Consensus Buy (mean 2.00 on a 1–5 scale), 6 analysts; mean target USD 111 (low 100, high 124).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-17 | Guggenheim | Target raised | Buy | $116 → $124 |
| 2026-07-02 | Citizens | Target raised | Market Outperform | $100 → $120 |
Total return (dividends reinvested) (FWONA)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -7.5% | +66.4% |
| S&P 500 (SPY) | +14.8% | +77.5% |
| Per year | -7.5% | +10.7% |
| Volatility (annualized) | 24.3% | 26.9% |
| Max drawdown | -20.5% (Nov 2025→Mar 2026) | -24.3% (Feb 2025→Apr 2025) |
FWONA revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Formula One | $764.0M | 81.8% | -37.7% |
| Motogp | $170.0M | 18.2% | — |
| Total revenue | $934.0M | 100% | — |
FWONA revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Motorsport | $934.0M | 100.0% | -22.4% |
| Primary | $622.0M | 66.6% | -39.7% |
| Product & Service Other | $142.0M | 15.2% | -26.8% |
| Total revenue | $934.0M | 100% | — |
FWONA revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United Kingdom | $3.78B | 84.4% | +14.0% |
| United States | $378.0M | 8.4% | +12.8% |
| Spain | $310.0M | 6.9% | — |
| Other Country Other Than Us & Uk | $12.0M | 0.3% | — |
| Total revenue | $4.48B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
FWONA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Honda (HMC) | “At the end of the 2025 F1 Championship Renault ceased to be an engine supplier, with Audi and Honda supplying engines starting from the 2026 F1 Championship season.” |
| Partner | Liberty Live Holdings, Inc. (LLYVA) | “Under our tax sharing agreement with Liberty Live Holdings, Liberty Live Holdings is generally responsible for, and is required to indemnify us for, taxes and certain losses resulting from the Liberty Sirius XM Holdings Split-Off which are not allocated to and paid by Liberty Sirius XM Holdings pursuant to our tax sharing agreement with Liberty Sirius XM Holdings, subject to certain exceptions.” |
| Partner | Liberty Sirius XM Holdings | “Under our tax sharing agreement with Liberty Live Holdings, Liberty Live Holdings is generally responsible for, and is required to indemnify us for, taxes and certain losses resulting from the Liberty Sirius XM Holdings Split-Off which are not allocated to and paid by Liberty Sirius XM Holdings pursuant to our tax sharing agreement with Liberty Sirius XM Holdings, subject to certain exceptions.” |
Quoted from the company's 10-K filed Feb 26, 2026.
Companies that name FWONA in their SEC reports
| Relationship to FWONA | Company | Filing | Sentence |
|---|---|---|---|
| partner | Infinite Eagle Acquisition Corp. (IEAG) | 10-K Mar 23, 2026 | “in partnership with Liberty Media Corporation and other investors, of Telemundo Network Group, LLC, ("Telemundo").” |
| partner | Bold Eagle Acquisition Corp. (BEAG) | 10-K Mar 23, 2026 | “While at SPE, he spearheaded SPE's acquisition, in partnership with Liberty Media Corporation and other investors,” |
| partner | Liberty Live Holdings, Inc. (LLYVK) | 10-K Feb 26, 2026 | “As described above, Liberty Live is party to a services agreement with Liberty Media, pursuant to which 74 Liberty Media corporate employees provide certain management services to Liberty Live for a determined fee.” |
| related | Live Nation Entertainment, Inc. (LYV) | 10-K Feb 19, 2026 | “This related party relationship ended when Liberty Live was split off from Liberty Media Corporation.” |
| partner | Liberty Capital Corp/NV (GLIBK) | 10-K Feb 11, 2026 | “GCI Liberty is party to a Services Agreement with Liberty Media, pursuant to which 74 Liberty Media corporate employees (as of December 31, 2025) provide certain management services to GCI Liberty for a determined fee.” |
| partner | SIRIUS XM HOLDINGS INC. (SIRI) | 10-K Feb 5, 2026 | “On February 1, 2021, we entered into a tax sharing agreement with Liberty Media governing the allocation of consolidated U.S. income tax liabilities and setting forth agreements with respect to other tax matters.” |
FWONA company outlook (results filed Aug 6, 2026)
- “The financial information below is presented for illustrative purposes only and does not purport to represent the actual results of operations of MotoGP had the acquisition occurred on January 1, 2024, or to project the results of operations of Liberty for any future periods.”
Quoted word-for-word from the SEC 8-K results press release.
FWONA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.51 | $0.45 | +13.3% | $1.24B | 1 |
| Next quarter (ends Dec 2026) | $0.67 | $0.54 | +24.1% | $1.86B | 1 |
| Current fiscal year (ends Dec 2026) | $1.91 | $1.47 | +30.0% | $4.75B | 2 |
| Next fiscal year (ends Dec 2027) | $2.42 | $2.55 | -5.1% | $5.27B | 2 |
FWONA options: expected move
Options price a move of about ±8.2% (±$6.88) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±3.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 35.9% | ±8.2% |
| Dec 18, 2026 | 56 | 31.3% | ±10.0% |
| Jan 15, 2027 | 84 | 29.2% | ±11.3% |
| Apr 16, 2027 | 175 | 29.5% | ±16.3% |
30-day implied volatility 34.2% vs 23.7% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 15:08 UTC)
| Price | USD 83.07 |
|---|---|
| Change | ▼ 0.81% (down) |
| Previous Close | USD 83.75 |
| Open | USD 83.12 |
| Day Range | USD 82.73 – 83.85 |
| 52-Week Range | USD 73.7 – 98.79 |
| Volume | 20,931 shares |
| Market Cap | $20.83B |
| Exchange | NMS |
Technical Analysis (FWONA)
Nexqual's technical model rates FWONA "SELL" based on 1 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 15:08 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 41.08 (neutral) |
| vs SMA50 | Below (USD 88.29) |
| MACD | -1.23 (negative) |
Analyst Ratings (FWONA)
Wall Street analysts rate FWONA "Buy" based on 6 analysts, with a mean price target of USD 111 (range USD 100–124), per Nexqual as of October 23, 2026 at 15:08 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 111 |
| High Target | USD 124 |
| Low Target | USD 100 |
| Buy / Hold / Sell | 6 / 0 / 0 |
Earnings (FWONA)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.51 |
| Revenue Estimate | $1.24B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.02 vs est 0.14 ▼ miss |
| 2026-03-31 | USD 0.03 vs est -0.16 ▲ beat |
| 2025-12-31 | USD 0.38 vs est 0.39 ▼ miss |
| 2025-09-30 | USD 0.24 vs est 0.2 ▲ beat |
Source: Nexqual, October 23, 2026 at 15:08 UTC.
Financials & Fundamentals (FWONA)
| Total Revenue | $4.02B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +18.30% |
| Gross Margin | +32.58% |
| Operating Margin | +15.96% |
| Profit Margin | +5.52% |
| ROE | +2.73% |
| Debt / Equity | 0.6 |
| Current Ratio | 1.25 |
| Total Cash | $1.29B |
| Total Debt | $5.16B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $823.00M (19.0% of revenue) |
Source: Nexqual, October 23, 2026 at 15:08 UTC.
Financial Health Score (FWONA)
Nexqual rates Formula One Group's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 15:08 UTC.
| Growth | Strong — Revenue +23% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 33%, operating 16% (last 12 months) |
| Balance Sheet | Solid — $1.47B cash and investments vs $4.92B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $823M (last 4 quarters to Jun 2026, SEC), 19% margin |
| Efficiency | Weak — ROE 3%, ROA 2.2% |
Ownership (FWONA)
| Insider Ownership | +1.85% |
|---|---|
| Institutional Ownership | +99.78% |
| Shares Outstanding | 23.99M |
| Float | 242.63M |
| Short % of Float | +5.02% |
Source: Nexqual, October 23, 2026 at 15:08 UTC.
Leadership (FWONA)
Formula One Group is led by Stefano Domenicali, President & CEO, per Nexqual as of October 23, 2026 at 15:08 UTC.
| President & CEO | Stefano Domenicali |
|---|---|
| Chief Financial Officer | Duncan Llowarch |
| Investor Relations Coordinator | Amber Conn |
Major Backers & Investors (FWONA)
Notable institutional backers of Formula One Group include Linonia Partnership LP, Principal Financial Group, Inc., NORGES BANK, according to Nexqual as of October 23, 2026 at 15:08 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Linonia Partnership LP | 8.83% |
| Principal Financial Group, Inc. | 6.19% |
| NORGES BANK | 5.45% |
| State Of Wisconsin Investment Board | 4.98% |
| Ashe Capital Management, LP | 4.94% |
| Jupiter Topco LLC | 4.26% |
| Sculptor Capital LP | 4.17% |
| Principal Funds, Inc-MidCap Fund | 4.01% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.64% |
| BlackRock | 4.95% |
Source: Nexqual, October 23, 2026 at 15:08 UTC.
From Formula One Group's Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Under the 2026 Concorde Agreement, Formula 1 also has the exclusive right, subject to limited exceptions, to use each Formula 1 Team's intellectual property rights (including image rights) to portray the F1 Championship and/or any Formula 1 Event in any visual form.
- Under the IRTA Agreement, MotoGP also has the exclusive right, subject to some exceptions, to use each collective MotoGP Team's intellectual property rights (including image rights) to portray the MotoGP Championship and/or any MotoGP Event in any visual form.
Partnerships
- After the then-current Concorde Agreement expired on December 31, 2012, Formula 1 entered into a separate binding bilateral agreement with each Formula 1 Team (the "Formula 1 Team Agreements"), securing the relevant Formula 1 Team's commitment to continue participating in the F1 Championship until December 31, 2020.
- MotoGP has commercial agreements with IRTA (the "IRTA Agreements"), which include the 2022 IRTA Agreement.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in tax laws could adversely affect Formula 1, MotoGP and the Company.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ROKU | Roku, Inc. | USD 159.11 | ▼ 0.6% |
| NWS | News Corporation | USD 34.14 | ▲ 0.56% |
| WMG | Warner Music Group Corp. | USD 31.25 | ▼ 1.4% |
| FOXA | Fox Corporation | USD 67.19 | ▼ 1.58% |
| TKO | TKO Group Holdings, Inc. | USD 177.06 | ▼ 0.37% |
| SKYD | Skydance Corporation | USD 7.79 | ▲ 0.04% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 15:08 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt