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Operating margin at other companies

Netflix logo
NetflixNFLX
29.7%+2.0pp
Comcast logo
ComcastCMCSA
15.3%-3.4pp
Warner Music Group logo
Warner Music GroupWMG
12.1%+0.6pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
23.6%-0.4pp
EchoStar logo
EchoStarSATS
-116.5%-119pp
Applovin Corporation logo
Applovin CorporationAPP
77.1%+12.7pp

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$65.79B+161%
Enterprise value$64.02B+166%
P/S1.8×+1.1×

Profitability

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Gross margin45.2%+2.7pp
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 operating margin?
Warner Bros. Discovery, Inc. (WBD) reported operating margin of -4.6% in Q1 2026.
How has Warner Bros. Discovery, Inc.'s operating margin changed year-over-year?
Warner Bros. Discovery, Inc.'s operating margin increased by 82.5% year-over-year, from -26% to -4.6%.
What is the long-term trend for Warner Bros. Discovery, Inc.'s operating margin?
Over 4 years (2021 to 2025), Warner Bros. Discovery, Inc.'s operating margin has grown at a -25.1% compound annual growth rate (CAGR), from 72.4% to -22.8%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.