Warner Bros. Discovery (WBD) FCF Margin (2009 - 2026)
Warner Bros. Discovery posted quarterly FCF Margin of 5.35% for Q1 2026, down 872.0% year-on-year from 0.69% in Q1 2025, and down 136.61% on a QoQ basis from 14.62% in Q4 2025.
Warner Bros. Discovery (WBD) has 18 years of FCF Margin data on file, last reported at 5.35% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 872.0% year-over-year to 5.35%; the trailing twelve-month figure through Mar 2026 stood at 6.21% (down 511.0% YoY), and the FY2025 full-year result was 8.28%, down 298.0% from the prior year.
- FCF Margin for Q1 2026 stood at 5.35%, down from 14.62% in the prior quarter.
- Across five years, FCF Margin topped out at 32.19% in Q4 2023 and bottomed at 8.69% in Q1 2023.
- The 5-year median for FCF Margin is 7.75% (2025), against an average of 9.95%.
- The widest annual swing landed in 2022, when FCF Margin slumped 2434 bps; it then surged 2259 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 22.55% in 2022, then surged by 43 bps to 32.19% in 2023, then decreased by 25 bps to 24.22% in 2024, then slumped by 40 bps to 14.62% in 2025, then slumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 41.59% |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 19.63% |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -5.35% |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 53.52% |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 44.24% |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 47.40% |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 15.91% |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 18.26% |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 42.24% |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | 22.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 24.72% |
| Mar 31, 2021 | 6.41% |
| Dec 31, 2020 | 15.28% |
| Sep 30, 2020 | 30.73% |
| Jun 30, 2020 | 34.59% |
| Mar 31, 2020 | 8.57% |
| Dec 31, 2019 | 39.39% |
| Sep 30, 2019 | 33.01% |
| Jun 30, 2019 | 20.66% |
| Mar 31, 2019 | 18.40% |
| Dec 31, 2018 | 31.61% |
| Sep 30, 2018 | 34.99% |
| Jun 30, 2018 | 18.35% |
| Mar 31, 2018 | 4.85% |
| Dec 31, 2017 | 23.07% |
| Sep 30, 2017 | 42.34% |
| Jun 30, 2017 | 9.00% |
| Mar 31, 2017 | 12.90% |
| Dec 31, 2016 | 31.52% |
| Sep 30, 2016 | 26.86% |
| Jun 30, 2016 | 17.56% |
| Mar 31, 2016 | 3.01% |
| Dec 31, 2015 | 37.36% |
| Sep 30, 2015 | 15.03% |
| Jun 30, 2015 | 18.92% |
| Mar 31, 2015 | 1.89% |
| Dec 31, 2014 | 23.27% |
| Sep 30, 2014 | 25.06% |
| Jun 30, 2014 | 11.24% |
| Mar 31, 2014 | 16.58% |
| Dec 31, 2013 | 20.56% |
| Sep 30, 2013 | 31.85% |
| Jun 30, 2013 | 21.20% |
| Mar 31, 2013 | 9.08% |
| Dec 31, 2012 | 25.33% |
| Sep 30, 2012 | 32.81% |
| Jun 30, 2012 | 12.26% |
| Mar 31, 2012 | 20.92% |
| Dec 31, 2011 | 33.27% |
| Sep 30, 2011 | 29.07% |
| Jun 30, 2011 | 18.89% |
| Mar 31, 2011 | 22.06% |
| Dec 31, 2010 | 20.00% |
| Sep 30, 2010 | 37.37% |
| Jun 30, 2010 | -4.57% |
| Mar 31, 2010 | 13.12% |
| Dec 31, 2009 | -21.69% |
| Sep 30, 2009 | 4.45% |
| Jun 30, 2009 | 19.64% |
| Mar 31, 2009 | 16.20% |