Formula One Group (FWONK) Stock

Formula One Group (FWONK) is a Communication Services stock trading at $104.11 (as of 2026-08-20), with a market capitalization of $22.37B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand Formula One Group: how it makes money

Formula One Group runs motorsports properties, including holding the commercial rights to the Formula One world championship and operating events like MotoGP, and it makes money from race promotion, media rights, and sponsorship.

The profit engine is commercial-rights monetization of a race-based sports calendar, where revenue is tied to staging motorsports events and selling related media rights and sponsorship around those events.

Revenue by segment (latest quarter)
F1$0.6B
MotoGP$0.1B

Business quality (Weak): Clear business description and operating context, but the provided segment revenue candidates do not exactly reconcile to the reported total, and the operational KPI set is limited.

Valuation: At 34× earnings, FWONK trades 90% above the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Commercial rights and event format create repeat monetization opportunities: The company holds commercial rights for the Formula One world championship, which is an approximately nine-month, race-based competition for constructors and drivers.
  • Revenue is tied to multiple monetization streams within motorsports: Primary Formula One revenue is described as race promotion, media rights, and sponsorship.

Bear case

  • Business mix concentration in Formula One: Based on the provided revenue candidates, Formula One is the majority of the company’s segment revenue (0.62B vs 0.09B for MotoGP).
  • Operating output depends on staged events: Key operating quantities investors can track include the number of Formula One races held and the number of MotoGP races held, so the business is exposed to variability in the event calendar.
Valuation — source: SEC EDGAR (first-party)
Price$104.11
Market Cap$22.37B
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.48B
Net Margin12.4%
Return on Equity7.9%
Debt / Equity0.65
Current Ratio1.35
Revenue Growth (YoY)59.1%
Financial Health — source: SEC EDGAR
Altman Z-Score2.91 (grey)
Valuation vs Sector & Industry
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.08B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorCommunication Services
IndustryCommunication
CEOStefano Domenicali
Employees6,486
CountryUS
IPO Date2014-07-08

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FWONK earnings history · FWONK institutional & insider holders · FWONK KPIs & operating metrics · FWONK financials · FWONK investor presentations & press releases · FWONK SEC filings · FWONK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.