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Warner Bros. Discovery, Inc. WBD Return on invested capital

Return on invested capital at other companies

Netflix logo
NetflixNFLX
33.2%+3.2pp
Walt Disney logo
Walt DisneyDIS
8.2%+3.1pp
Fox Corporation logo
Fox CorporationFOXA
11.1%-1.2pp
Comcast logo
ComcastCMCSA
8.1%-4.8pp
Warner Music Group logo
Warner Music GroupWMG
25.5%+12.2pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
9%-0.5pp

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
Operating margin-4.6%-2.1pp
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 return on invested capital?
Warner Bros. Discovery, Inc. (WBD) reported return on invested capital of -5.3% in Q1 2026.
How has Warner Bros. Discovery, Inc.'s return on invested capital changed year-over-year?
Warner Bros. Discovery, Inc.'s return on invested capital increased by 79.3% year-over-year, from -25.8% to -5.3%.
What is the long-term trend for Warner Bros. Discovery, Inc.'s return on invested capital?
Over 4 years (2021 to 2025), Warner Bros. Discovery, Inc.'s return on invested capital has grown at a -17.9% compound annual growth rate (CAGR), from 50.5% to -23%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.