Warner Bros. Discovery, Inc. WBD Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 176.5%+10.1pp | 173.8%+8.9pp | 171.4%+7.4pp | 168.4%+6.3pp | 166.4%+7.3pp | |
| Operating margin | -1.4%+103pp | -22.8%+58.9pp | -50.7%+8.8pp | -78%-36.9pp | -104.6%-76.7pp | |
| Returns | ||||||
| Return on invested capital | -2.6%+101pp | -23%+57.5pp | -50%+8.9pp | -77%-37.7pp | -103.6%-79.4pp | |
| Efficiency | ||||||
| Asset turnover | 1.5×+0.1× | 1.4×+0.1× | 1.4×+0.1× | 1.4×+0.1× | 1.4×+0.1× | |
| Liquidity | ||||||
| Current ratio | 3.9×+0.6× | 4×+0.7× | 3.8×+0.5× | 3.6×+0.2× | 3.3×-0.2× | |
| Leverage | ||||||
| Debt-to-equity | 0.2×-0.3× | 0.2×-0.2× | 0.3×-0.1× | 0.4×0.0× | 0.5×+0.2× | |
| Net debt / EBITDA | -1.9×— | —— | —— | —— | —— | |
| Per Share | ||||||
| Book value per share | $56.22+0.7% | $56.90-5.5% | $56.59-12.8% | $56.27-18.5% | $55.86-24.2% | |
| Valuation | ||||||
| Market capitalization | $215.58B+138% | $173.09B— | $127.59B— | $99.45B— | $90.71B— | |
| Price / sales | 5.7×+3.4× | 4.6×— | 3.3×— | 2.6×— | 2.3×— | |
| Price / book | 6.2×+3.5× | 4.9×— | 3.6×— | 2.9×— | 2.6×— | |
| EV / EBITDA | 39.7×— | —— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
