WBD vs MANU Stock Comparison

Warner Bros. Discovery and Manchester United 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
MANU Manchester United plc
$20.72 +1.7% 1M +13.8% 1Y
Market cap
$3.56B
P/E
–
Revenue (TTM)
$909.31M
Div. yield
–
Entertainment Venues Consumer Discretionary
6 wins

Head to Head

9 decided of 12

Manchester United leads on 6 of the 12 questions below (Manchester United 6, Warner Bros. Discovery 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWBDMANULeader
Larger companyMarket capitalisation $77.70B $3.56B WBD
Cheaper on earningsLower P/E, profitable companies only -24.6x -61.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months -6.1% +5.5% MANU
More profitableNet margin, trailing twelve months -8.8% -6.4% MANU
Better return on capitalReturn on invested capital -1.6% 2.6% MANU
Less leveragedLower net debt / EBITDA 7.5x 2.4x MANU
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +62.4% +13.8% WBD
Better 5-year returnAnnualised price return, 5 years +3.2%/yr +5.0%/yr MANU
Less volatileAnnualised volatility, 1 year 26.7% 33.6% WBD
Higher overall scoreMean of the five percentile scores vs peers 31/100 45/100 MANU

Percentile Scorecard

WBDMANU

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

AxisWBDMANU
Valuation 23 #42 of 54 30 #31 of 44
Growth 25 #34 of 45 76 #11 of 43
Profitability 36 #28 of 43 50 #21 of 41
Financial Health 41 #37 of 62 24 #36 of 47
Shareholder Returns – –
Overall 31 45
  • WBD ranked among 62 companies in Advertising and Media
  • MANU ranked among 48 companies in Gaming and Leisure

Price Performance

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

Returns

PeriodWBDMANUSPY
1 month +9.7%+1.7% -0.8%
3 months +18.6%-9.8% +3.5%
6 months +13.2%+20.3% +7.0%
Year to date +7.5%+30.2% +12.2%
1 year +62.4%+13.8% +13.0%
3 years +201.4%+17.1% +86.3%
3 years, per year +44.5%+5.4% +23.1%
5 years +17.1%+27.5% +68.6%
5 years, per year +3.2%+5.0% +11.0%
10 years +11.3%+34.1% +258.0%
10 years, per year +1.1%+3.0% +13.6%

Risk

MeasureWBDMANUSPY
Volatility, 1Y 26.7%33.6% 12.7%
Downside volatility, 1Y 18.6%32.1% 12.7%
Beta vs S&P 500, 1Y 0.500.68 1.00
Return / volatility, 1Y 2.340.41 1.02
Max drawdown, 5Y -78.5%-54.5% -25.4%
From 52-week high 0.0%-14.3% -1.8%
52-week high $30.98$24.19 $779.14
52-week low $17.10$15.20 $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.

MultipleWBDMANU
P/E now vs peer median -24.6xmedian 18.4x -61.7xmedian 17.1x
P/S now vs peer median 2.2xmedian 0.6x 4.0xmedian 1.9x
EV/EBITDA now vs peer median 28.0xmedian 11.0x 13.0xmedian 10.9x
P/FCF now vs peer median 35.6xmedian 9.1x 9.9xmedian 11.4x
P/B now vs peer median 2.3xmedian 1.6x 18.1xmedian 2.5x
PEG now vs peer median -1.04median 0.44 3.65median 0.57

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 monthsWBDMANU
Revenue $36.12B $909.31M
Gross profit $17.06B -$21.12M
Operating income -$1.27B $30.28M
Net income -$3.15B -$57.81M
Free cash flow $2.18B $363.93M
EPS (diluted) $-1.23 $-0.34
Cash & equivalents $3.37B $89.13M
Total debt $32.02B $3.96B
Shares (diluted) 2.58B 172.43M
Enterprise value $63.36B $3.23B

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
MetricWBDMANU
P/E -24.6x -61.7x
P/FCF 35.6x 9.9x
P/Operating cash flow 22.7x 14.3x
P/S 2.2x 4.0x
P/B 2.3x 18.1x
P/Tangible book 9.6x 18.1x
EV/EBITDA 28.0x 13.0x
EV/EBIT -83.6x 146.4x
EV/Revenue 2.9x 4.9x
EV/FCF 48.8x 12.2x
EV/Operating cash flow 31.1x 17.5x
PEG (3Y EPS CAGR) -1.04 3.65

Growth

14 metrics
MetricWBDMANU
Revenue growth (1Y) -6.1% 5.5%
Revenue CAGR (3Y) -4.8% 5.2%
Gross profit growth (1Y) 2.6% 24.6%
Gross profit CAGR (3Y) 2.2% –
Operating income growth (1Y) -675.6% 223.3%
Operating income CAGR (3Y) 38.8% 62.2%
Net income growth (1Y) -595.1% -36.0%
Net income CAGR (3Y) 22.3% -19.1%
EPS growth (1Y) -500.2% -35.3%
EPS CAGR (3Y) 23.6% -16.9%
Operating cash flow growth (1Y) -32.9% 128.3%
Operating cash flow CAGR (3Y) -7.7% 22.8%
Free cash flow growth (1Y) -46.4% 141.3%
Free cash flow CAGR (3Y) -10.9% 34.6%

Profitability

14 metrics
MetricWBDMANU
Gross margin 47.2% -2.3%
EBITDA margin 10.5% 37.6%
Operating margin -3.5% 3.3%
Pretax margin -10.4% -7.0%
Net margin -8.8% -6.4%
FCF margin 6.0% 40.0%
Operating cash flow margin 9.5% 27.8%
Return on equity -9.3% -26.5%
Return on assets -3.2% -2.8%
Return on invested capital -1.6% 2.6%
Return on capital employed -1.6% 2.5%
Asset turnover 0.4x 0.4x
Cash conversion (OCF / net income) -1.1x -4.4x
Stock comp / revenue 2.3% 0.0%

Financial Health

11 metrics
MetricWBDMANU
Debt / assets 32.9% 44.5%
Debt / equity 0.9x 4.6x
Net debt / EBITDA 7.5x 2.4x
Debt / FCF 14.7x 2.5x
Liabilities / assets 65.0% 90.3%
Equity / assets 35.0% 9.7%
Interest coverage -0.6x 0.5x
Current ratio 0.8x 0.3x
Quick ratio 0.5x 0.2x
Cash ratio 0.2x 0.1x
Altman Z-score 0.82 0.97

Shareholder Returns

7 metrics
MetricWBDMANU
Dividend yield – –
Net buyback yield – –
Shareholder yield 0.0% 0.0%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

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.

ConsensusWBDMANU
EPS, next fiscal year $-1.08FY2026 $-0.18FY2027
EPS growth, next FY -472.4%FY2026 –
Revenue, next fiscal year $34.48BFY2026 $1.07BFY2027
Revenue growth, next FY -7.6%FY2026 +19.6%FY2027
Revenue growth, the year after +11.6% -6.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersWBDMANU
Held by institutions 77.8% 17.1%
Institutions holding 1,319 125
Change in shares held, QoQ +10.9% +5.0%
Institutions buying 628 63
Institutions selling 436 30
Buyers to sellers 1.44 2.10

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.

WBDMANU
WBD 1.00 0.12
MANU 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WBD and MANU?

Warner Bros. Discovery (WBD) is the largest by market capitalisation: Warner Bros. Discovery (WBD) $77.70B, Manchester United (MANU) $3.56B.

Which company is growing faster?

Manchester United (MANU) grew revenue fastest over the trailing twelve months: Warner Bros. Discovery (WBD) -6.1%, Manchester United (MANU) +5.5%.

Which company is more profitable?

Manchester United (MANU) has the highest net margin (Warner Bros. Discovery (WBD) -8.8%, Manchester United (MANU) -6.4%). On return on invested capital, Manchester United (MANU) leads (Warner Bros. Discovery (WBD) -1.6%, Manchester United (MANU) 2.6%).

Which stock has performed better?

Over the past year Warner Bros. Discovery (WBD) returned the most: Warner Bros. Discovery (WBD) +62.4%, Manchester United (MANU) +13.8%. Over five years, Manchester United (MANU) compounded fastest (Warner Bros. Discovery (WBD) +3.2%/yr, Manchester United (MANU) +5.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Warner Bros. Discovery (WBD) has been the steadiest (Warner Bros. Discovery (WBD) 26.7%, Manchester United (MANU) 33.6%). Volatility measures how widely the price swings, not the risk of the business.

Do WBD and MANU move together?

Their daily returns over the past year have a correlation of 0.12, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, WBD and MANU?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Manchester United (MANU) leads on 6. 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.