Warner Bros. Discovery, Inc. (WBD) Overview
Communication Services • Nasdaq • CIK 0001437107
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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms
Market Cap
$77.67B
P/E (TTM)
-24.5x
Rev Growth (TTM)
-6.1%
Net Margin (TTM)
-8.8%
FCF Yield (TTM)
2.8%
FCF Margin (TTM)
6.0%
Figures as of June 30, 2026
Filings
Primary-source SEC disclosures, read end-to-end. SEC figures cite the filing they come from.
8-KOct 20262026-10-06source
10-Q2026 Q22026-08-06source
8-KEarnings2026-08-06source
8-KJun 20262026-06-12source
8-KJun 20262026-06-04source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q2
3 months ago
8-K releaseRevenue
$8.72B
-11.2%
Net Income
$149.00M
-90.6%
EPS
$0.06
-90.5%
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow7/8 positive
TTM$2.2B
Q2 '26
$572.0M+220%
Q1 '26
$-476.0M-134%
FCF Margin
TTM6.0%
Q2 '266.6%+223%
Sector: 3.9%Above Avg
OCF Margin
9.5%
OCF/NI-1.08x
CapEx Coverage
2.8x
FCF Yield2.8%
FCF Growth (3Y)-11%
Cash Conversion Cycle
31 days
DSO: 52+DIO: –−DPO: 21
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder Yield
TTM0.0%
Dividend & Payout Metrics
Dividend Yield (TTM)—
Free Cash Flow (TTM)$2.2B
Capital Return / FCF0.0%
Shares Outstanding (YoY)1.3%
Buyback data not disclosed in this company's filings.
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
-24.5x
Volatile
8Q: -9.5x+2524%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
-24.5x
vs – sector
Cash Flow
48.8x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
–P/E per %ROIC
ROIC: -1.6%
Shareholder Returns
Dividend
–
Buyback
–
Total Yield
–
Market Cap$77.67B
EV$106.33B
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 26th pctile
Profitability Cascade
Gross
47.2%
Operating
-3.5%
Below Avg in sector
Net
-8.8%
Margins Unknown
Return on Invested CapitalTTM
-1.6%
Moderate
-0.0% YoY8Q: 0.8%-5.6%
P25MedianP75
26th pctl (med: 2.5%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-2.9%
8Q: 1.6%
Asset Turnover
0.36x
8Q: 0.36x
Leverage (1+D/E)
1.98x
D/E: 0.98x
DuPont: -2.1% ≈ -1.6% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
5.48x
8Q:5.79x
-120.5%
Invested Cap Turn
0.60x
8Q:0.61x
Flat
CapEx Intensity
2.1%
8Q:1.8%
CapEx/Depreciation
0.24x
FCF vs Net Margin Gap+14.8 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
ND/EBITDA 7.6x
Net Debt / EBITDA
7.6xNet Debt: $28.65B
Interest Coverage
-0.6x
Leverage Metrics
Debt-to-Equity
0.98x
Balance sheet risk & solvency analysis
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