Warner Bros. Discovery, Inc. (WBD)
NASDAQ: WBD · Real-Time Price · USD
28.20
-0.30 (-1.05%)
At close: Mar 3, 2026, 4:00 PM EST
28.13
-0.07 (-0.25%)
After-hours: Mar 3, 2026, 7:57 PM EST

Warner Bros. Discovery Statistics

Total Valuation

WBD has a market cap or net worth of $69.96 billion. The enterprise value is $102.14 billion.

Market Cap69.96B
Enterprise Value 102.14B

Important Dates

The last earnings date was Thursday, February 26, 2026, before market open.

Earnings Date Feb 26, 2026
Ex-Dividend Date n/a

Share Statistics

WBD has 2.48 billion shares outstanding. The number of shares has increased by 3.27% in one year.

Current Share Class 2.48B
Shares Outstanding 2.48B
Shares Change (YoY) +3.27%
Shares Change (QoQ) +0.08%
Owned by Insiders (%) 1.27%
Owned by Institutions (%) 72.54%
Float 2.35B

Valuation Ratios

The trailing PE ratio is 97.24.

PE Ratio 97.24
Forward PE n/a
PS Ratio 1.88
Forward PS 1.88
PB Ratio 1.95
P/TBV Ratio n/a
P/FCF Ratio 22.66
P/OCF Ratio 16.20
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 13.87, with an EV/FCF ratio of 33.08.

EV / Earnings 140.31
EV / Sales 2.74
EV / EBITDA 13.87
EV / EBIT 60.87
EV / FCF 33.08

Financial Position

The company has a current ratio of 1.06, with a Debt / Equity ratio of 0.99.

Current Ratio 1.06
Quick Ratio 0.70
Debt / Equity 0.99
Debt / EBITDA 4.73
Debt / FCF 11.90
Interest Coverage 0.80

Financial Efficiency

Return on equity (ROE) is 2.08% and return on invested capital (ROIC) is 1.13%.

Return on Equity (ROE) 2.08%
Return on Assets (ROA) 1.02%
Return on Invested Capital (ROIC) 1.13%
Return on Capital Employed (ROCE) 1.92%
Weighted Average Cost of Capital (WACC) 9.51%
Revenue Per Employee $1.05M
Profits Per Employee $20,507
Employee Count35,500
Asset Turnover 0.36
Inventory Turnover n/a

Taxes

In the past 12 months, WBD has paid $890.00 million in taxes.

Income Tax 890.00M
Effective Tax Rate 54.30%

Stock Price Statistics

The stock price has increased by +146.07% in the last 52 weeks. The beta is 1.62, so WBD's price volatility has been higher than the market average.

Beta (5Y) 1.62
52-Week Price Change +146.07%
50-Day Moving Average 28.31
200-Day Moving Average 19.18
Relative Strength Index (RSI) 49.21
Average Volume (20 Days) 26,523,412

Short Selling Information

The latest short interest is 59.90 million, so 2.41% of the outstanding shares have been sold short.

Short Interest 59.90M
Short Previous Month 54.53M
Short % of Shares Out 2.41%
Short % of Float 2.55%
Short Ratio (days to cover) 2.52

Income Statement

In the last 12 months, WBD had revenue of $37.30 billion and earned $728.00 million in profits. Earnings per share was $0.29.

Revenue37.30B
Gross Profit 16.61B
Operating Income 1.68B
Pretax Income 1.64B
Net Income 728.00M
EBITDA 7.36B
EBIT 1.68B
Earnings Per Share (EPS) $0.29
Full Income Statement

Balance Sheet

The company has $4.58 billion in cash and $36.76 billion in debt, with a net cash position of -$32.18 billion or -$12.97 per share.

Cash & Cash Equivalents 4.58B
Total Debt 36.76B
Net Cash -32.18B
Net Cash Per Share -$12.97
Equity (Book Value) 37.17B
Book Value Per Share 14.48
Working Capital 706.00M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $4.32 billion and capital expenditures -$1.23 billion, giving a free cash flow of $3.09 billion.

Operating Cash Flow 4.32B
Capital Expenditures -1.23B
Free Cash Flow 3.09B
FCF Per Share $1.24
Full Cash Flow Statement

Margins

Gross margin is 44.55%, with operating and profit margins of 4.50% and 1.95%.

Gross Margin 44.55%
Operating Margin 4.50%
Pretax Margin 4.39%
Profit Margin 1.95%
EBITDA Margin 19.74%
EBIT Margin 4.50%
FCF Margin 8.28%

Dividends & Yields

WBD does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -3.26%
Shareholder Yield -3.26%
Earnings Yield 1.04%
FCF Yield 4.41%
Dividend Details

Analyst Forecast

The average price target for WBD is $22.18, which is -21.35% lower than the current price. The consensus rating is "Buy".

Price Target $22.18
Price Target Difference -21.35%
Analyst Consensus Buy
Analyst Count 21
Revenue Growth Forecast (5Y) 1.28%
EPS Growth Forecast (5Y) 27.97%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on August 7, 2014. It was a forward split with a ratio of 2:1.

Last Split Date Aug 7, 2014
Split Type Forward
Split Ratio 2:1

Scores

WBD has an Altman Z-Score of 0.61 and a Piotroski F-Score of 8. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.61
Piotroski F-Score 8