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Net margin at other companies

Warner Bros. Discovery, Inc. logo
Warner Bros. Discovery, Inc.WBD
1.3%+0.7pp

Other financials

Income statement

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Revenue$1.7B+16.7%
Gross profit$802.0M+15.7%
Operating income$264.0M+57.1%
Net income$183.0M+408%

Balance sheet

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Cash & equivalents$741.0M+16.3%
Total debt$895.0M-79.0%
Total equity$738.0M+30.2%
Total assets$10.6B+10.9%

Cash flow

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Operating cash flow$126.0M+82.6%
CapEx$27.0M-25.0%
Free cash flow$99.0M+200%

Valuation

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Market cap$14.88B-18.2%
Enterprise value$15.03B-32.3%
P/E32.9×-7.3×
P/S2.1×-0.8×

Profitability

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Gross margin45.8%-1.0pp
Operating margin12.1%+0.6pp

Returns & leverage

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Return on equity69.3%-21.1pp
Debt / equity1.2×-6.3×
Current ratio0.7×+0.1×

Where this comes from

Calculated from Warner Music Group’s reported figures.

Based on trailing twelve months.

The official record: Warner Music Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Warner Music Group's net margin?
Warner Music Group (WMG) reported net margin of 6.3% in Q1 2026.
How has Warner Music Group's net margin changed year-over-year?
Warner Music Group's net margin decreased by 11.2% year-over-year, from 7.1% to 6.3%.
What is the long-term trend for Warner Music Group's net margin?
Over 4 years (2021 to 2025), Warner Music Group's net margin has grown at a 41.8% compound annual growth rate (CAGR), from -6.2% to 25.2%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.