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
EBITDA margin	9.9%+18.4pp	17.2%+25.2pp	16.9%+24.4pp	16.8%+24.1pp	-8.5%-24.7pp
Free cash flow margin	6.2%-5.1pp	8.3%-3.0pp	10.9%-2.5pp	10.6%-6.3pp	11.3%-7.1pp
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×
Quick ratio	0.7×-0.1×	1.1×+0.2×	1.1×+0.3×	1×+0.3×	0.8×0.0×
Cash ratio	0.2×-0.1×	0.4×0.0×	0.4×+0.1×	0.4×+0.2×	0.3×+0.1×
Leverage
Debt-to-equity	0×0.0×	0.1×-0.1×	0×-0.1×	0×-0.1×	0.1×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.5×—	-0×—	-0.6×—	-0.7×—	——
Interest coverage	-0.8×+4.3×	0.4×+5.4×	0.2×+5.3×	0×+5.0×	-5.1×-4.5×
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—
Enterprise value	$67.06B+166%	$71.19B+165%	$44.2B+122%	$22.3B+22.0%	$25.25B—
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×—	——
EV / sales	1.8×+1.1×	1.9×+1.2×	1.2×+0.7×	0.6×+0.1×	0.7×—
Free cash flow yield	3.4%-13.1pp	4.3%-12.7pp	8.5%-17.7pp	15.1%-21.9pp	16.5%—

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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.