Warner Bros. Discovery (WBD) Return on Capital Employed (2009 - 2026)
Warner Bros. Discovery (WBD) reported Return on Capital Employed of 2.04% for Q1 2026, up 911.0% on a YoY basis from 0.2% in Q1 2025, and down 343.27% quarter-over-quarter from 0.84% in Q4 2025.
Warner Bros. Discovery (WBD) Return on Capital Employed (2009 - 2026) Analysis & Trends
Warner Bros. Discovery has reported Return on Capital Employed for 18 years, with the latest figure at 2.04% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 911.0% year-over-year to 2.04%; the trailing twelve-month figure through Mar 2026 stood at 2.04% (up 911.0% YoY), and the FY2025 full-year result was 0.82%, up 1107.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 2.04%, down from 0.84% in the prior quarter.
- The five-year high for Return on Capital Employed was 6.44% in Q1 2022, with the low at 11.34% in Q3 2024.
- Historically, Return on Capital Employed has averaged 4.1% across 5 years, with a median of 3.33% in 2022.
- Annual changes were most pronounced in 2023 — Return on Capital Employed tumbled 1359 bps — and 2025, when it jumped 1203 bps.
- Warner Bros. Discovery's Return on Capital Employed stood at 6.14% in 2022, then surged by 77 bps to 1.43% in 2023, then plunged by 680 bps to 11.19% in 2024, then jumped by 108 bps to 0.84% in 2025, then sank by 343 bps to 2.04% in 2026.
- The last three Return on Capital Employed figures came in at 2.04% (Q1 2026), 0.84% (Q4 2025), and 0.62% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 327.69 Bn | 315.40 Bn | 11.41 Bn | 30.18% |
| 2 | Walt Disney | 184.70 Bn | 191.31 Bn | 23.68 Bn | -1.85% |
| 3 | Warner Bros. Discovery | 65.23 Bn | 63.09 Bn | 4.25 Bn | -2.04% |
| 4 | Brera Holdings | 53.07 Bn | 53.07 Bn | - | - |
| 5 | Live Nation Entertainment | 39.71 Bn | 31.25 Bn | 1.31 Bn | 8.44% |
| 6 | Liberty Media | 21.13 Bn | 21.80 Bn | 298.00 Mn | 4.99% |
| 7 | Fox | 20.41 Bn | 16.92 Bn | - | 12.17% |
| 8 | Roku | 20.39 Bn | 18.01 Bn | 564.94 Mn | 3.21% |
| 9 | News | 15.92 Bn | 14.45 Bn | - | 7.02% |
| 10 | TKO Group Holdings | 15.40 Bn | 13.70 Bn | 862.52 Mn | 6.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.04% |
| Dec 31, 2025 | 0.84% |
| Sep 30, 2025 | 0.62% |
| Jun 30, 2025 | 0.25% |
| Mar 31, 2025 | -11.16% |
| Dec 31, 2024 | -11.19% |
| Sep 30, 2024 | -11.34% |
| Jun 30, 2024 | -10.98% |
| Mar 31, 2024 | -1.21% |
| Dec 31, 2023 | -1.43% |
| Sep 30, 2023 | -2.92% |
| Jun 30, 2023 | -4.92% |
| Mar 31, 2023 | -7.14% |
| Dec 31, 2022 | -6.14% |
| Sep 30, 2022 | -3.99% |
| Jun 30, 2022 | -3.33% |
| Mar 31, 2022 | 6.44% |
| Dec 31, 2021 | 6.51% |
| Sep 30, 2021 | 6.40% |
| Jun 30, 2021 | 7.19% |