Warner Bros. Discovery (WBD) Return on Capital Employed (2009 - 2026)
Warner Bros. Discovery posted quarterly Return on Capital Employed of 2.04% for Q1 2026, up 911.0% year-on-year from 0.2% in Q1 2025, and down 343.27% on a QoQ basis from 0.84% in Q4 2025.
Warner Bros. Discovery (WBD) has 18 years of Return on Capital Employed data on file, last reported 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.
- Across five years, Return on Capital Employed topped out at 6.44% in Q1 2022 and bottomed at 11.34% in Q3 2024.
- The 5-year median for Return on Capital Employed is 3.33% (2022), against an average of 4.1%.
- The widest annual swing landed in 2023, when Return on Capital Employed sank 1359 bps; it then jumped 1203 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 6.14% in 2022, then soared by 77 bps to 1.43% in 2023, then tumbled by 680 bps to 11.19% in 2024, then surged by 108 bps to 0.84% in 2025, then plunged 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 | 362.63 Bn | 350.34 Bn | 11.41 Bn | 30.18% |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | -1.85% |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -2.04% |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 8.44% |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 12.17% |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 4.99% |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 3.21% |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 7.02% |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 6.90% |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | -0.29% |
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% |
| Mar 31, 2021 | 6.94% |
| Dec 31, 2020 | 8.20% |
| Sep 30, 2020 | 8.96% |
| Jun 30, 2020 | 9.20% |
| Mar 31, 2020 | 9.82% |
| Dec 31, 2019 | 10.02% |
| Sep 30, 2019 | 9.89% |
| Jun 30, 2019 | 9.45% |
| Mar 31, 2019 | 8.63% |
| Dec 31, 2018 | 6.73% |
| Sep 30, 2018 | 1.32% |
| Jun 30, 2018 | 1.43% |
| Mar 31, 2018 | 1.64% |
| Dec 31, 2017 | 3.40% |
| Sep 30, 2017 | 11.51% |
| Jun 30, 2017 | 14.44% |
| Mar 31, 2017 | 14.45% |
| Dec 31, 2016 | 14.49% |
| Sep 30, 2016 | 13.85% |
| Jun 30, 2016 | 14.09% |
| Mar 31, 2016 | 13.74% |
| Dec 31, 2015 | 13.87% |
| Sep 30, 2015 | 14.73% |
| Jun 30, 2015 | 14.43% |
| Mar 31, 2015 | 14.95% |
| Dec 31, 2014 | 15.19% |
| Sep 30, 2014 | 15.39% |
| Jun 30, 2014 | 15.61% |
| Mar 31, 2014 | 14.35% |
| Dec 31, 2013 | 14.49% |
| Sep 30, 2013 | 14.18% |
| Jun 30, 2013 | 13.90% |
| Mar 31, 2013 | 14.50% |
| Dec 31, 2012 | 15.64% |
| Sep 30, 2012 | 15.06% |
| Jun 30, 2012 | 15.38% |
| Mar 31, 2012 | 15.58% |
| Dec 31, 2011 | 16.23% |
| Sep 30, 2011 | 15.97% |
| Jun 30, 2011 | 15.28% |
| Mar 31, 2011 | 15.24% |
| Mar 31, 2010 | 13.12% |
| Dec 31, 2009 | 12.72% |
| Sep 30, 2009 | 12.38% |