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%+1.2pp	44%0.0pp	44%+0.8pp	43.3%+0.8pp	42.5%+0.9pp
Operating margin	-4.6%-6.5pp	2%+1.0pp	1%+0.9pp	0.2%+26.1pp	-26%-0.1pp
EBITDA margin	9.9%-7.4pp	17.2%+0.3pp	16.9%+0.1pp	16.8%+25.3pp	-8.5%-0.5pp
Free cash flow margin	6.2%-2.1pp	8.3%-2.6pp	10.9%+0.3pp	10.6%-0.7pp	11.3%+0.1pp
Returns
Return on invested capital	-5.3%-7.4pp	2.1%+1.5pp	0.6%+0.5pp	0.1%+25.9pp	-25.8%-0.8pp
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×-0.3×	1.1×0.0×	1.1×0.0×	1×+0.2×	0.8×-0.1×
Quick ratio	0.7×-0.3×	1.1×0.0×	1.1×0.0×	1×+0.2×	0.8×-0.1×
Cash ratio	0.2×-0.2×	0.4×0.0×	0.4×0.0×	0.4×+0.1×	0.3×-0.1×
Leverage
Debt-to-equity	0×-0.1×	0.1×+0.1×	0×0.0×	0×-0.1×	0.1×-0.1×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.5×-0.4×	-0×+0.6×	-0.6×+0.1×	-0.7×—	——
Interest coverage	-0.8×-1.1×	0.4×+0.2×	0.2×+0.2×	0×+5.1×	-5.1×0.0×
Per Share
Book value per share	$13.07-7.9%	$14.20-2.3%	$14.53+0.7%	$14.43+5.0%	$13.74-1.1%
Valuation
Market capitalization	$68.84B-3.6%	$71.43B+47.7%	$48.35B+79.3%	$26.97B+2.4%	$26.34B+1.6%
Enterprise value	$67.06B-5.8%	$71.19B+61.1%	$44.2B+98.2%	$22.3B-11.7%	$25.25B-6.0%
Price / sales	1.8×-0.1×	1.9×+0.6×	1.3×+0.6×	0.7×0.0×	0.7×0.0×
Price / book	2.1×+0.1×	2×+0.6×	1.3×+0.6×	0.7×0.0×	0.8×0.0×
EV / EBITDA	18.3×+7.2×	11.1×+4.2×	6.9×+3.5×	3.5×—	——
EV / sales	1.8×-0.1×	1.9×+0.7×	1.2×+0.6×	0.6×-0.1×	0.7×0.0×
Free cash flow yield	3.4%-1.0pp	4.3%-4.2pp	8.5%-6.5pp	15.1%-1.4pp	16.5%-0.6pp

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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.