What are Warner Bros. Discovery, Inc.'s profit margins?

Warner Bros. Discovery, Inc. (WBD) runs a 45.2% gross margin and a -4.6% operating margin, with a 1.3% net margin.

Where do Warner Bros. Discovery, Inc.'s ratios come from?

Every ratio is computed from Warner Bros. Discovery, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Warner Bros. Discovery, Inc. WBD Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	45.2%+2.7pp	44%+2.4pp	44%+3.0pp	43.3%+2.0pp	42.5%+1.4pp
Operating margin	-4.6%+21.4pp	2%+27.9pp	1%+27.2pp	0.2%+26.6pp	-26%-22.9pp
Returns
Return on invested capital	-5.3%+20.4pp	2.1%+27.0pp	0.6%+27.0pp	0.1%+26.5pp	-25.8%-23.0pp
Efficiency
Asset turnover	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.3×0.0×
Liquidity
Current ratio	0.7×-0.1×	1.1×+0.2×	1.1×+0.3×	1×+0.3×	0.8×0.0×
Leverage
Debt-to-equity	0×0.0×	0.1×-0.1×	0×-0.1×	0×-0.1×	0.1×0.0×
Net debt / EBITDA	-0.5×—	-0×—	-0.6×—	-0.7×—	——
Per Share
Book value per share	$13.07-4.9%	$14.20+2.2%	$14.53+2.2%	$14.43+2.9%	$13.74-24.0%
Valuation
Market capitalization	$68.84B+161%	$71.43B+175%	$48.35B+139%	$26.97B+47.9%	$26.34B—
Price / sales	1.8×+1.2×	1.9×+1.3×	1.3×+0.8×	0.7×+0.2×	0.7×—
Price / book	2.1×+1.3×	2×+1.2×	1.3×+0.8×	0.7×+0.2×	0.8×—
EV / EBITDA	18.3×—	11.1×—	6.9×—	3.5×—	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Warner Bros. Discovery, Inc..

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are Warner Bros. Discovery, Inc.'s profit margins?: Warner Bros. Discovery, Inc. (WBD) runs a 45.2% gross margin and a -4.6% operating margin, with a 1.3% net margin.
Where do Warner Bros. Discovery, Inc.'s ratios come from?: Every ratio is computed from Warner Bros. Discovery, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.