Warner Bros. Discovery (WBD) Return on Capital Employed [ROCE] (2009 - 2026)
Warner Bros. Discovery's Return on Capital Employed [ROCE] was -1.56% in Q2 2026, down 1.81 percentage points from 0.25% a year earlier but up 0.48 percentage points from the prior quarter.
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Analysis
Warner Bros. Discovery (WBD) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Warner Bros. Discovery came in at 0.82%, up 11.07 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of -7.34 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -10.25% in FY2024 (-8.88 pp), -1.37% in FY2023 (+9.28 pp), -10.65% in FY2022 (-17.18 pp) and 6.53% in FY2021 (-1.63 pp).
- Quarterly Return on Capital Employed [ROCE] has moved between -11.34% (Q3 2024) and 6.51% (Q4 2021) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in four of the last eight quarters, with an average year-over-year change of +1.80 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q4 2025 (a gain of 12.03 percentage points); the worst was Q1 2023 (a drop of 13.59 percentage points).
- Per Business Quant data, WBD's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -2.04% (Q1 2026), 0.84% (Q4 2025) and 0.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.70 Bn | 63.36 Bn | 4.10 Bn | -1.56% |
| 2 | Fox | 29.42 Bn | 15.33 Bn | - | 11.70% |
| 3 | Omnicom | 22.66 Bn | 5.36 Bn | 1.30 Bn | 4.52% |
| 4 | News | 17.30 Bn | 9.49 Bn | - | 8.19% |
| 5 | Pearson | 11.70 Bn | 8.83 Bn | - | - |
| 6 | New York Times | 11.14 Bn | 8.63 Bn | 394.61 Mn | 20.89% |
| 7 | Sirius Xm Holdings | 9.28 Bn | 8.86 Bn | 1.44 Bn | 6.68% |
| 8 | Skydance | 7.66 Bn | 5.58 Bn | - | - |
| 9 | Wpp | 5.77 Bn | -6.03 Bn | - | - |
| 10 | Nexstar Media | 5.20 Bn | 4.00 Bn | 1.06 Bn | 6.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.56% |
| 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% |
API Access
Warner Bros. Discovery Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "WBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();