WBD vs BCE vs GTN Stock Comparison

Warner Bros. Discovery, Bce and Gray Media Prices as of Oct 6, 2026 Peers: Industry group
WBD Warner Bros. Discovery, Inc.
$30.98 +9.7% 1M +62.4% 1Y
Market cap
$77.70B
P/E
–
Revenue (TTM)
$36.12B
Div. yield
–
Television Broadcasting Communication Services
3 wins
BCE Bce Inc
$20.26 -3.4% 1M -14.9% 1Y
Market cap
$18.75B
P/E
3.8x
Revenue (TTM)
$21.97B
Div. yield
0.10%
Wireless Carriers Communication Services
7 wins
GTN Gray Media, Inc
$4.36 -5.2% 1M -9.7% 1Y
Market cap
$423.36M
P/E
–
Revenue (TTM)
$3.15B
Div. yield
0.08%
Television Broadcasting Communication Services
1 win

Head to Head

11 decided of 12

Bce leads on 7 of the 12 questions below (Bce 7, Warner Bros. Discovery 3, Gray Media 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWBDBCEGTNLeader
Larger companyMarket capitalisation $77.70B $18.75B $423.36M WBD
Cheaper on earningsLower P/E, profitable companies only -24.6x 3.8x -7.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 11.3x 1.8x GTN
Faster revenue growthRevenue growth, trailing twelve months -6.1% +2.2% -11.3% BCE
More profitableNet margin, trailing twelve months -8.8% 22.7% -1.8% BCE
Better return on capitalReturn on invested capital -1.6% 13.4% 2.3% BCE
Less leveragedLower net debt / EBITDA 7.5x 2.8x 7.2x BCE
Higher dividend yieldTrailing dividend yield 0.00% 0.10% 0.08% BCE
Better 1-year returnPrice return, last 12 months +62.4% -14.9% -9.7% WBD
Better 5-year returnAnnualised price return, 5 years +3.2%/yr -16.9%/yr -28.5%/yr WBD
Less volatileAnnualised volatility, 1 year 26.7% 22.0% 62.2% BCE
Higher overall scoreMean of the five percentile scores vs peers 31/100 67/100 51/100 BCE

Percentile Scorecard

WBDBCEGTN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisWBDBCEGTN
Valuation 23 #42 of 54 69 #16 of 49 87 #8 of 54
Growth 25 #34 of 45 61 #18 of 45 9 #41 of 45
Profitability 36 #28 of 43 91 #5 of 45 50 #22 of 43
Financial Health 41 #37 of 62 40 #30 of 49 31 #43 of 62
Shareholder Returns – 75 #10 of 37 80 #6 of 26
Overall 31 67 51
  • WBD ranked among 62 companies in Advertising and Media
  • BCE ranked among 51 companies in Telecommunications
  • GTN ranked among 62 companies in Advertising and Media

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodWBDBCEGTNSPY
1 month +9.7%-3.4%-5.2% -0.8%
3 months +18.6%-4.7%+9.5% +3.5%
6 months +13.2%-14.0%-23.0% +7.0%
Year to date +7.5%-14.9%-9.9% +12.2%
1 year +62.4%-14.9%-9.7% +13.0%
3 years +201.4%-44.7%-28.2% +86.3%
3 years, per year +44.5%-17.9%-10.4% +23.1%
5 years +17.1%-60.3%-81.2% +68.6%
5 years, per year +3.2%-16.9%-28.5% +11.0%
10 years +11.3%-55.2%-53.1% +258.0%
10 years, per year +1.1%-7.7%-7.3% +13.6%

Risk

MeasureWBDBCEGTNSPY
Volatility, 1Y 26.7%22.0%62.2% 12.7%
Downside volatility, 1Y 18.6%23.1%62.6% 12.7%
Beta vs S&P 500, 1Y 0.50-0.230.97 1.00
Return / volatility, 1Y 2.34-0.68-0.16 1.02
Max drawdown, 5Y -78.5%-68.2%-88.2% -25.4%
From 52-week high 0.0%-23.4%-29.7% -1.8%
52-week high $30.98$26.45$6.20 $779.14
52-week low $17.10$18.79$3.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleWBDBCEGTN
P/E now vs peer median -24.6xmedian 18.4x 3.8xmedian 11.8x -7.4xmedian 18.4x
P/S now vs peer median 2.2xmedian 0.6x 0.9xmedian 1.1x 0.2xmedian 0.6x
EV/EBITDA now vs peer median 28.0xmedian 11.0x 4.7xmedian 6.8x 7.8xmedian 11.0x
P/FCF now vs peer median 35.6xmedian 9.1x -8.8xmedian 5.7x 3.4xmedian 9.1x
P/B now vs peer median 2.3xmedian 1.6x 1.1xmedian 1.3x 0.2xmedian 1.6x
PEG now vs peer median -1.04median 0.44 0.08median 0.24 0.24median 0.44

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsWBDBCEGTN
Revenue $36.12B $21.97B $3.15B
Gross profit $17.06B $18.64B $820.00M
Operating income -$1.27B $6.29B $435.00M
Net income -$3.15B $4.68B -$26.00M
Free cash flow $2.18B -$2.14B $146.00M
EPS (diluted) $-1.23 $5.37 $-0.58
Cash & equivalents $3.37B $335.70M $176.00M
Total debt $32.02B $119.67B $5.81B
Shares (diluted) 2.58B 929.10M 100.00M
Enterprise value $63.36B $16.87B -$561.64M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricWBDBCEGTN
P/E -24.6x 3.8x -7.4x
P/FCF 35.6x -8.8x 3.4x
P/Operating cash flow 22.7x 3.0x 2.0x
P/S 2.2x 0.9x 0.2x
P/B 2.3x 1.1x 0.2x
P/Tangible book 9.6x 4.4x -0.2x
EV/EBITDA 28.0x 4.7x 7.8x
EV/EBIT -83.6x 7.6x 14.1x
EV/Revenue 2.9x 2.2x 1.9x
EV/FCF 48.8x -22.4x 42.0x
EV/Operating cash flow 31.1x 7.6x 24.5x
PEG (3Y EPS CAGR) -1.04 0.08 0.24

Growth

14 metrics
MetricWBDBCEGTN
Revenue growth (1Y) -6.1% 2.2% -11.3%
Revenue CAGR (3Y) -4.8% 6.2% -4.3%
Gross profit growth (1Y) 2.6% -0.8% -28.8%
Gross profit CAGR (3Y) 2.2% 9.6% -13.5%
Operating income growth (1Y) -675.6% -7.0% -41.9%
Operating income CAGR (3Y) 38.8% 53.8% -18.2%
Net income growth (1Y) -595.1% 1,063% -113.0%
Net income CAGR (3Y) 22.3% 36.8% -28.0%
EPS growth (1Y) -500.2% 1,649% -138.0%
EPS CAGR (3Y) 23.6% 44.4% -31.1%
Operating cash flow growth (1Y) -32.9% -7.0% -69.8%
Operating cash flow CAGR (3Y) -7.7% -6.4% -36.1%
Free cash flow growth (1Y) -46.4% -144.0% -79.4%
Free cash flow CAGR (3Y) -10.9% -32.6% -32.2%

Profitability

14 metrics
MetricWBDBCEGTN
Gross margin 47.2% 84.8% 26.0%
EBITDA margin 10.5% 46.8% 24.9%
Operating margin -3.5% 28.6% 13.8%
Pretax margin -10.4% 52.5% -2.0%
Net margin -8.8% 22.7% -1.8%
FCF margin 6.0% -9.8% 4.6%
Operating cash flow margin 9.5% 28.6% 7.9%
Return on equity -9.3% 31.0% -1.2%
Return on assets -3.2% 9.0% -0.3%
Return on invested capital -1.6% 13.4% 2.3%
Return on capital employed -1.6% 12.5% 4.4%
Asset turnover 0.4x 0.4x 0.3x
Cash conversion (OCF / net income) -1.1x 1.3x -9.6x
Stock comp / revenue 2.3% – 0.7%

Financial Health

11 metrics
MetricWBDBCEGTN
Debt / assets 32.9% 51.5% 55.6%
Debt / equity 0.9x 1.8x 2.7x
Net debt / EBITDA 7.5x 2.8x 7.2x
Debt / FCF 14.7x -13.7x 39.8x
Liabilities / assets 65.0% 70.6% 79.6%
Equity / assets 35.0% 29.4% 20.4%
Interest coverage -0.6x 6.7x 0.9x
Current ratio 0.8x 0.7x 1.0x
Quick ratio 0.5x 0.5x 0.7x
Cash ratio 0.2x 0.0x 0.3x
Altman Z-score 0.82 0.95 0.63

Shareholder Returns

7 metrics
MetricWBDBCEGTN
Dividend yield – 8.1% 7.3%
Net buyback yield – -0.5% –
Shareholder yield 0.0% 7.6% 7.3%
Payout ratio (earnings) – 41.1% -130.8%
Payout ratio (FCF) – -89.7% 23.3%
Dividend growth (1Y) – 146.7% 6.3%
Dividend CAGR (3Y) – 34.6% 6.7%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusWBDBCEGTN
Forward P/E – 11.3xFY2026 1.8xFY2026
EPS, next fiscal year $-1.08FY2026 $1.80FY2026 $2.43FY2026
EPS growth, next FY -472.4%FY2026 -11.8%FY2026 –
EPS growth, the year after – -2.2% -130.0%
Revenue, next fiscal year $34.48BFY2026 $18.56BFY2026 $3.39BFY2026
Revenue growth, next FY -7.6%FY2026 +4.2%FY2026 +9.5%FY2026
Revenue growth, the year after +11.6% +0.8% +0.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersWBDBCEGTN
Held by institutions 77.8% 48.1% 80.6%
Institutions holding 1,319 394 176
Change in shares held, QoQ +10.9% +5.3% -2.7%
Institutions buying 628 184 72
Institutions selling 436 130 70
Buyers to sellers 1.44 1.42 1.03

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

WBDBCEGTN
WBD 1.00 0.02 0.14
BCE 0.02 1.00 0.09
GTN 0.14 0.09 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WBD, BCE and GTN?

Warner Bros. Discovery (WBD) is the largest by market capitalisation: Warner Bros. Discovery (WBD) $77.70B, Bce (BCE) $18.75B, Gray Media (GTN) $423.36M.

Which company is growing faster?

Bce (BCE) grew revenue fastest over the trailing twelve months: Warner Bros. Discovery (WBD) -6.1%, Bce (BCE) +2.2%, Gray Media (GTN) -11.3%.

Which company is more profitable?

Bce (BCE) has the highest net margin (Warner Bros. Discovery (WBD) -8.8%, Bce (BCE) 22.7%, Gray Media (GTN) -1.8%). On return on invested capital, Bce (BCE) leads (Warner Bros. Discovery (WBD) -1.6%, Bce (BCE) 13.4%, Gray Media (GTN) 2.3%).

Which stock has performed better?

Over the past year Warner Bros. Discovery (WBD) returned the most: Warner Bros. Discovery (WBD) +62.4%, Bce (BCE) -14.9%, Gray Media (GTN) -9.7%. Over five years, Warner Bros. Discovery (WBD) compounded fastest (Warner Bros. Discovery (WBD) +3.2%/yr, Bce (BCE) -16.9%/yr, Gray Media (GTN) -28.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Bce (BCE) has the highest dividend yield: Warner Bros. Discovery (WBD) 0.00%, Bce (BCE) 0.10%, Gray Media (GTN) 0.08%. Warner Bros. Discovery (WBD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bce (BCE) has been the steadiest (Warner Bros. Discovery (WBD) 26.7%, Bce (BCE) 22.0%, Gray Media (GTN) 62.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, WBD, BCE and GTN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bce (BCE) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.