Warner Bros. Discovery (WBD) Return on Invested Capital [ROIC] (2009 - 2026)
Warner Bros. Discovery's Return on Invested Capital [ROIC] came in at -1.60% for Q2 2026, down 1.73 percentage points from 0.13% a year earlier but up 0.89 percentage points from the prior quarter.
Warner Bros. Discovery (WBD) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Warner Bros. Discovery's Return on Invested Capital [ROIC] was 0.47%, up 12.68 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of -6.79 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was -12.21% in FY2024 (-10.89 pp), -1.32% in FY2023 (+8.28 pp), -9.59% in FY2022 (-15.68 pp) and 6.09% in FY2021 (-1.17 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is -13.32% (Q4 2024) to 6.10% (Q3 2021).
- Year-over-year, Return on Invested Capital [ROIC] increased in four of the last eight quarters, with an average year-over-year change of +1.84 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2025 (a gain of 13.80 percentage points), and the weakest in Q1 2023 (a drop of 12.75 percentage points).
- Business Quant data shows WBD's Return on Invested Capital [ROIC] at -2.49% (Q1 2026), 0.48% (Q4 2025) and 0.16% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.60 Bn | 63.26 Bn | 4.10 Bn | -1.60% |
| 2 | Fox | 26.84 Bn | 12.75 Bn | - | 9.59% |
| 3 | Omnicom | 20.35 Bn | 3.05 Bn | 1.30 Bn | 3.10% |
| 4 | News | 15.97 Bn | 8.16 Bn | - | 6.61% |
| 5 | Paramount Skydance | 10.53 Bn | 8.45 Bn | - | - |
| 6 | Pearson | 10.25 Bn | 7.39 Bn | - | - |
| 7 | New York Times | 10.06 Bn | 7.55 Bn | 394.61 Mn | - |
| 8 | Sirius Xm Holdings | 8.67 Bn | 8.25 Bn | 1.44 Bn | 5.82% |
| 9 | 36Kr Holdings | 5.97 Bn | 5.91 Bn | - | - |
| 10 | Wpp | 5.32 Bn | -6.48 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.60% |
| Mar 31, 2026 | -2.49% |
| Dec 31, 2025 | 0.48% |
| Sep 30, 2025 | 0.16% |
| Jun 30, 2025 | 0.13% |
| Mar 31, 2025 | -13.31% |
| Dec 31, 2024 | -13.32% |
| Sep 30, 2024 | -13.13% |
| Jun 30, 2024 | -12.65% |
| Mar 31, 2024 | -1.22% |
| Dec 31, 2023 | -1.37% |
| Sep 30, 2023 | -2.91% |
| Jun 30, 2023 | -4.78% |
| Mar 31, 2023 | -6.94% |
| Dec 31, 2022 | -6.09% |
| Sep 30, 2022 | -3.99% |
| Jun 30, 2022 | -3.10% |
| Mar 31, 2022 | 5.81% |
| Dec 31, 2021 | 6.04% |
| Sep 30, 2021 | 6.10% |
Warner Bros. Discovery Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=WBD&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();