0JUJ.L
Formula One GroupCommunication Services·Entertainment
$84.34
$21.1B market cap
Revenue
$2.3B
Free Cash Flow
$333.0M
Rev Growth
+0.0%
FCF Margin
14.4%
P/FCF
63.3x
EV/FCF
74.4x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.
2-Year Price History
$82.37+20.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 711.0 | 176.0 | 64.0 | 57.0 | 357.0 | 336.0 | -20.0 | 1,332 | 5,021 | 250.4 | 3.2% | 2.6x | -- |
| Act | 2025-Q4 | 1,609 | 343.0 | 225.0 | 333.0 | 85.0 | -3.0 | -61.0 | 1,055 | 5,100 | 250.1 | 7.7% | 6.7x | -- |
Valuation & Metrics
Market Stats
Price$84.34
Market Cap$21.1B
Enterprise Value$24.8B
P/S Ratio9.1x
P/FCF63.3x
EV/FCF74.4x
FCF Margin (TTM)14.4%
FCF Yield1.6%
Dividend Yield (TTM)1.5%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$2.3B
Net Income$390.0M
Free Cash Flow$333.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin22.4%
Net Margin16.8%
FCF Margin14.4%
CapEx % of Revenue3.5%
SBC % of Revenue0.0%
ROIC5.4%
WC Change % Rev-10.7%
Interest Coverage4.4x
Forward Outlook & Risk
Employees
Headcount6,667
Revenue / Employee$347,983
Gross Profit / Employee$84,296
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
6.4%(-0.0% YoY)
271 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
1.6%(-0.0% YoY)
10 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.0% YoY)
5 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Linonia Partnership LP | $165M | $67.57 | +$0 | −$18.5M | +1.2% | $5.38B |
| PRINCIPAL FINANCIAL GROUP INC | $119M | $70.85 | +$14.6M | +$49.8M | -0.5% | $186.29B |
| STATE OF WISCONSIN INVESTMENT BOARD | $101M | $58.53 | −$601K | −$3.2M | -0.2% | $43.36B |
| Ashe Capital Management, LP | $92.5M | $57.10 | +$0 | +$0 | -1.2% | $797M |
| BlackRock, Inc.Passive | $91.0M | $73.61 | +$1.3M | +$7.7M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $82.0M | $76.36 | +$80.2M | +$82.0M | — | $4.04T |
| JANUS HENDERSON GROUP PLC | $78.6M | $61.71 | +$810K | +$3.4M | +1.2% | $209.29B |
| Sculptor Capital LP | $78.1M | $65.45 | +$0 | +$20.5M | +5.4% | $4.63B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $77.6M | $76.36 | +$75.9M | +$77.6M | — | $1.91T |
| Darsana Capital Partners LP | $66.4M | $81.54 | +$2.8M | +$17.6M | +2.4% | $4.70B |
| Ruane, Cunniff & Goldfarb L.P. | $56.5M | $57.41 | −$1.1M | −$1.4M | -1.1% | $6.03B |
| BANK OF AMERICA CORP /DE/ | $45.9M | $73.24 | +$7.6M | +$11.7M | -0.1% | $1.36T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $36.2M | $62.44 | +$1.4M | −$6.1M | +2.3% | $1.61T |
| Madison Asset Management, LLC | $35.5M | $57.72 | +$0 | +$0 | -0.5% | $8.06B |
| HAWK RIDGE CAPITAL MANAGEMENT LP | $34.5M | $87.15 | +$10.8M | +$34.5M | -1.6% | $2.74B |
| FMR LLC | $29.0M | $58.89 | −$2.4M | −$2.1M | -0.0% | $1.89T |
| STATE STREET CORPPassive | $27.7M | $58.26 | +$442K | −$1.3M | -0.2% | $2.89T |
| RENAISSANCE TECHNOLOGIES LLC | $27.1M | $64.65 | +$5.1M | +$1.0M | +1.2% | $63.91B |
| BAMCO INC /NY/ | $24.7M | $65.93 | +$381K | +$1.1M | -2.4% | $33.05B |
| Nuveen, LLC | $20.1M | $76.96 | +$16.3M | +$16.2M | +0.0% | $368.63B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+0.36%
avg per quarter
Holders (ex-self)
+0.37%
excl. this stock
Buyers (this Q)
+0.12%
84 buyers · $0.25B in
Sellers (this Q)
-0.31%
72 sellers · $0.07B out
alpha coverage: 90% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+1.3%
how holders react when this stock falls
On quiet Qs
-3.6%
−10% to +10% baseline
On rallies (+10%+)
-9.7%
how they react when this stock rises
Holders' portfolio flow this Q
+12.1%
inflows — adds are organic
Sellers' portfolio flow this Q
+2.4%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-1.1%
Holder mid (any stock)
-2.9%
Holder rally (any stock)
-3.6%
Biggest decreases this quarter
HIGHBRIDGE CAPITAL MANAGEMENT LLCexited−$20.3MLORD, ABBETT & CO. LLCexited−$5.5MFMR LLC−$2.4Mα-0.0BALYASNY ASSET MANAGEMENT LLCexited−$2.1MRuane, Cunniff & Goldfarb L.P.−$1.1Mα-1.1MANGROVE PARTNERSexited−$1.0MSOROS FUND MANAGEMENT LLCexited−$912KCAXTON ASSOCIATES LLPexited−$754KSTATE OF WISCONSIN INVESTMENT BOARD−$601Kα-0.2MIRABELLA FINANCIAL SERVICES LLPexited−$511K
New buyers this quarter
Top-5 holders · 34.2%
Linonia Partnership LP--
PRINCIPAL FINANCIAL GROUP INC--
STATE OF WISCONSIN INVESTMENT BOARD--
Ashe Capital Management, LP--
BlackRock, Inc.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Linonia Partnership LP2.1MSTATE OF WISCONSIN INVESTMENT BOARD1.3MPRINCIPAL FINANCIAL GROUP INC1.5MAshe Capital Management, LP1.2MNORGES BANK—JANUS HENDERSON GROUP PLC1.0MSculptor Capital LP1.0MDarsana Capital Partners LP850KRuane, Cunniff & Goldfarb L.P.724KFMR LLC372K
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Analyst Coverage
Analyst Coverage
Analyst Ratings
10
5
Buy: 10Hold: 5Sell: 1Consensus: Buy