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Warner Bros. Discovery, Inc. WBD Free cash flow margin

Free cash flow margin at other companies

Netflix logo
NetflixNFLX
25.4%+6.8pp
Fox Corporation logo
Fox CorporationFOXA
13.2%-1.6pp
Comcast logo
ComcastCMCSA
16.3%+3.1pp
Warner Music Group logo
Warner Music GroupWMG
10.2%-1.8pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
7.4%-0.9pp
EchoStar logo
EchoStarSATS
-6.1%-10.2pp

Other financials

Income statement

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Revenue$8.9B-1.0%
Gross profit$4.3B+10.5%
Operating income-$2.5B-6,573%
Net income-$2.9B-544%
EPS (diluted)-$1.17-550%

Balance sheet

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Cash & equivalents$3.3B-15.6%
Total debt$1.5B-46.3%
Total equity$32.6B-3.7%
Total assets$97.8B-3.8%

Cash flow

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Operating cash flow-$208.0M-138%
CapEx$268.0M+6.8%
Free cash flow-$476.0M-258%

Valuation

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Market cap$65.69B+161%
Enterprise value$63.92B+166%
P/S1.8×+1.1×

Profitability

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Gross margin45.2%+2.7pp
Operating margin-4.6%-2.1pp
Net margin1.3%+0.7pp

Returns & leverage

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Return on equity1.4%+0.7pp
Debt / equity0.0×
Current ratio0.7×-0.1×

Where this comes from

Calculated from Warner Bros. Discovery, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Warner Bros. Discovery, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Bros. Discovery, Inc.'s free cash flow margin?
Warner Bros. Discovery, Inc. (WBD) reported free cash flow margin of 6.2% in Q1 2026.
How has Warner Bros. Discovery, Inc.'s free cash flow margin changed year-over-year?
Warner Bros. Discovery, Inc.'s free cash flow margin decreased by 45.1% year-over-year, from 11.3% to 6.2%.
What is the long-term trend for Warner Bros. Discovery, Inc.'s free cash flow margin?
Over 4 years (2021 to 2025), Warner Bros. Discovery, Inc.'s free cash flow margin has grown at a -14.7% compound annual growth rate (CAGR), from 77.8% to 41.1%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.