Warner Bros Discovery
WBD
27.80
-0.44
-1.56%
Warner Bros Discovery
US · WBD
#246 by market cap
Listed 1970
-1.56%
27.80
-0.44
-1.56%
Collector offline (last heartbeat: 323731s ago)
· 2026-09-18 20:02
Pre-market
28.07
-0.60%
After-hours
30.11
+8.31%
Overnight
28.20
-0.14%
- Market cap
- 69.80B
- P/E (TTM)i
- -21.89
- P/Bi
- 2.13
- EPSi
- 0.29
- Div yieldi
- 0.00%
- 52W posi
- 83%
Reader sentiment
Are you bullish or bearish on WBD?
Anonymous reader poll. Unscientific, not investment advice.
Revenue annual, last 8 years
Latest year -5.15% YoY
Margins
- Gross margin
- 44.00%
- Operating margin
- 3.51%
- Net margin
- 1.95%
Key ratios & quality
- Enterprise valuei
- 97.80B
- Altman Z-Scorei
- 0.93
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.93, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.55B | 11.14B | 10.67B | 12.19B | 33.82B | 41.32B | 39.32B | 37.30B |
| Gross profit | 6.62B | 7.33B | 6.81B | 7.57B | 13.38B | 16.80B | 16.35B | 16.41B |
| Selling & admin expenses | 2.62B | 2.79B | 2.72B | 4.02B | 9.68B | 9.70B | 9.30B | 9.42B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.60B | 3.19B | 2.73B | 1.97B | -3.50B | -886.00M | 18.00M | 1.31B |
| Pretax profit | 1.02B | 2.29B | 1.73B | 1.43B | -8.96B | -3.86B | -11.39B | 1.64B |
| Tax | 341.00M | 81.00M | 373.00M | 236.00M | -1.66B | -784.00M | 94.00M | 890.00M |
| Net profit | 681.00M | 2.21B | 1.36B | 1.20B | -7.30B | -3.08B | -11.48B | 749.00M |
| Basic EPS | 1 | 3 | 2 | 2 | -4 | -1 | -5 | 0 |
| Diluted EPS | 0.86 | 2.88 | 1.81 | 1.54 | -3.82 | -1.28 | -4.62 | 0.29 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 8.98B | 9.81B | 9.05B | 9.46B | 8.89B | 8.72B |
| Gross profit | 3.85B | 3.85B | 4.48B | 4.24B | 4.25B | 4.10B |
| Selling & admin expenses | 2.19B | 2.48B | 2.36B | 2.39B | 2.48B | 2.56B |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 107.00M | -79.00M | 745.00M | 536.00M | 549.00M | 373.00M |
| Pretax profit | -434.00M | 2.45B | 27.00M | -408.00M | -3.12B | -271.00M |
| Tax | 15.00M | 866.00M | 170.00M | -161.00M | -214.00M | -433.00M |
| Net profit | -449.00M | 1.59B | -143.00M | -247.00M | -2.91B | 162.00M |
| Basic EPS | 0 | 1 | 0 | 0 | -1 | 0 |
| Diluted EPS | -0.18 | 0.63 | -0.06 | -0.11 | -1.17 | 0.06 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 4.23B | 5.22B | 6.13B | 7.26B | 14.00B | 14.22B | 14.08B | 13.21B |
| Cash & ST investments | 986.00M | 1.55B | 2.09B | 3.91B | 3.73B | 3.78B | 5.31B | 4.57B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 32.55B | 33.74B | 34.09B | 34.43B | 134.00B | 122.76B | 104.56B | 100.09B |
| Total current liabilities | 4.00B | 3.24B | 3.08B | 3.46B | 15.02B | 15.33B | 15.81B | 12.50B |
| Short-term debt | 1.82B | 609.00M | 335.00M | 339.00M | 365.00M | 1.78B | 2.75B | 139.00M |
| Long-term debt | 14.97B | 14.81B | 15.07B | 14.42B | 48.63B | 41.89B | 36.76B | 32.43B |
| Total liabilities | 22,033,000,000.00 | 21,769,000,000.00 | 21,704,000,000.00 | 21,031,000,000.00 | 85,334,000,000.00 | 76,285,000,000.00 | 69,622,000,000.00 | 62,919,000,000.00 |
| Total equity | 10.52B | 11.97B | 12.38B | 13.40B | 48.67B | 46.47B | 34.94B | 37.17B |
| Retained earnings | 5.25B | 7.33B | 8.54B | 9.58B | 2.21B | -928.00M | -12.24B | -11.51B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 12.78B | 13.61B | 13.06B | 13.21B | 11.74B | 12.54B |
| Cash & ST investments | 3.87B | 4.89B | 4.29B | 4.57B | 3.26B | 3.37B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 101.68B | 101.73B | 100.52B | 100.09B | 97.84B | 97.25B |
| Total current liabilities | 15.29B | 13.04B | 12.16B | 12.50B | 16.12B | 16.14B |
| Short-term debt | 2.78B | 221.00M | 139.00M | 139.00M | 1.49B | 1.49B |
| Long-term debt | 34.65B | 34.41B | 33.38B | 32.43B | 30.97B | 30.53B |
| Total liabilities | 66,508,000,000.00 | 64,381,000,000.00 | 63,214,000,000.00 | 62,919,000,000.00 | 64,130,000,000.00 | 63,253,000,000.00 |
| Total equity | 35.17B | 37.35B | 37.31B | 37.17B | 33.71B | 34.00B |
| Retained earnings | -12.69B | -11.11B | -11.26B | -11.51B | -14.43B | -14.28B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.58B | 3.40B | 2.74B | 2.80B | 4.30B | 7.48B | 5.38B | 4.32B |
| Depreciation & amortization | 4.69B | 4.20B | 4.32B | 5.08B | 21.35B | 24.01B | 20.98B | 17.54B |
| Free cash flow | 2.43B | 3.11B | 2.34B | 2.43B | 3.32B | 6.16B | 4.43B | 3.09B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | -633.00M | -969.00M | -- | -- | -- | -- | -- |
| Ending cash balance | 986.00M | 1.55B | 2.12B | 3.91B | 3.93B | 4.32B | 5.42B | 4.57B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 553.00M | 983.00M | 979.00M | 1.80B | -208.00M | 848.00M |
| Depreciation & amortization | 4.69B | 5.09B | 3.68B | 4.08B | 3.73B | 3.63B |
| Free cash flow | 302.00M | 702.00M | 701.00M | 1.38B | -476.00M | 572.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 3.97B | 4.89B | 4.30B | 4.57B | 3.27B | 3.37B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 6.60 | 16.75 | 11.98 | 9.12 | -25.28 | -6.77 | -28.55 | 2.08 |
| ROA %i | 1.56 | 4.62 | 3.59 | 2.94 | -8.81 | -2.44 | -9.95 | 0.71 |
| ROIC %i | 4.05 | 8.51 | 6.71 | 5.83 | -9.77 | -1.61 | -12.17 | 3.12 |
| 5-year avg ROE %i | 11.49 | 12.15 | 10.55 | 9.23 | 5.10 | 1.91 | -8.32 | -10.05 |
| EBIT margin %i | 16.59 | 26.66 | 22.27 | 16.95 | -21.24 | -3.97 | -23.83 | 9.99 |
| FCF / sales %i | 23.02 | 27.91 | 21.90 | 19.89 | 9.81 | 14.91 | 11.26 | 8.28 |
| Current ratioi | 1.06 | 1.61 | 1.99 | 2.10 | 0.93 | 0.93 | 0.89 | 1.06 |
| Quick ratioi | 0.90 | 1.29 | 1.50 | 1.84 | 0.76 | 0.72 | 0.71 | 0.87 |
| Debt / assetsi | 200.25 | 155.89 | 147.21 | 127.24 | 104.04 | 96.56 | 116.06 | 90.67 |
| LT debt / equityi | 178.56 | 149.73 | 144.01 | 124.32 | 103.27 | 92.62 | 107.99 | 90.28 |
| Interest coveragei | 2.40 | 4.39 | 3.67 | 3.26 | -4.04 | -0.74 | -4.65 | 1.79 |
| Revenue CAGR (3Y) %i | 18.18 | 19.70 | 15.79 | 4.93 | 44.78 | 57.03 | 47.75 | 3.32 |
| Net income CAGR (3Y) %i | -16.87 | 20.11 | -- | 19.20 | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | 26.82 | 34.02 | 16.08 | -0.05 | 2.17 | 38.14 | 22.22 | -2.36 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -27.70 | 2.17 | 1.36 | 2.08 | -5.22 | -9.19 |
| ROA %i | -9.75 | 0.73 | 0.47 | 0.71 | -1.74 | -3.18 |
| ROIC %i | -11.46 | 2.89 | 2.61 | 3.12 | -0.76 | -2.09 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -23.56 | 8.85 | 9.72 | 9.99 | 3.09 | -4.23 |
| FCF / sales %i | 11.32 | 10.57 | 10.92 | 8.28 | 6.21 | 6.04 |
| Current ratioi | 0.84 | 1.04 | 1.07 | 1.06 | 0.73 | 0.78 |
| Quick ratioi | 0.56 | 0.79 | 0.77 | 0.87 | 0.51 | 0.52 |
| Debt / assetsi | 110.61 | 96.07 | 93.07 | 90.67 | 99.66 | 97.52 |
| LT debt / equityi | 102.40 | 95.46 | 92.68 | 90.28 | 95.07 | 92.97 |
| Interest coveragei | -4.59 | 1.78 | 1.85 | 1.79 | 0.52 | -0.68 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Global Linear Networks45.78%
Streaming35.32%
Studios26.71%
Quote time 2026-09-18 20:02:08 · For reference only, not investment advice.