Warner Bros. Discovery (WBD) FCF Margin (2009 - 2026)
Warner Bros. Discovery's (WBD) quarterly FCF Margin came in at 5.35% in Q1 2026, down 872.0% YoY from 0.69% in Q1 2025, and down 136.61% on a QoQ basis from 14.62% in Q4 2025.
Warner Bros. Discovery (WBD) FCF Margin (2009 - 2026) Analysis & Trends
Warner Bros. Discovery (WBD) has 18 years of FCF Margin data on file, last reported at 5.35% in Q1 2026.
- Quarterly FCF Margin fell 872.0% year-over-year to 5.35% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.21% (down 511.0% YoY) and the FY2025 annual result came in at 8.28%, down 298.0% from the prior year.
- FCF Margin fell to 5.35% in Q1 2026, from 14.62% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 32.19% in Q4 2023 to a low of 8.69% in Q1 2023.
- A 5-year average of 9.95% and a median of 7.75% in 2025 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin plunged 2434 bps — and 2023, when it surged 2259 bps.
- Tracing WBD's FCF Margin over 5 years: stood at 22.55% in 2022, then jumped by 43 bps to 32.19% in 2023, then retreated by 25 bps to 24.22% in 2024, then tumbled by 40 bps to 14.62% in 2025, then tumbled by 137 bps to 5.35% in 2026.
- The last three FCF Margin figures came in at 5.35% (Q1 2026), 14.62% (Q4 2025), and 7.75% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 12.14% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 12.17% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 6.56% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.69% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 17.24% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 35.01% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 20.15% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 11.81% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 21.22% |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 2.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.56% |
| Mar 31, 2026 | -5.35% |
| Dec 31, 2025 | 14.62% |
| Sep 30, 2025 | 7.75% |
| Jun 30, 2025 | 7.15% |
| Mar 31, 2025 | 3.36% |
| Dec 31, 2024 | 24.22% |
| Sep 30, 2024 | 6.57% |
| Jun 30, 2024 | 10.05% |
| Mar 31, 2024 | 3.92% |
| Dec 31, 2023 | 32.19% |
| Sep 30, 2023 | 20.63% |
| Jun 30, 2023 | 16.62% |
| Mar 31, 2023 | -8.69% |
| Dec 31, 2022 | 22.55% |
| Sep 30, 2022 | -1.95% |
| Jun 30, 2022 | 8.03% |
| Mar 31, 2022 | 7.53% |
| Dec 31, 2021 | 24.60% |
| Sep 30, 2021 | 22.38% |