Comprehensive Stock Comparison
Compare Formula One Group (FWONK) vs Warner Bros. Discovery, Inc. (WBD) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | WBD | -4.8% revenue growth vs FWONK's -100.0% |
| Value | WBD | Better valuation composite |
| Quality / Margins | FWONK | 43.8% net margin vs WBD's 1.3% |
| Stability / Safety | FWONK | Beta 0.51 vs WBD's 1.73 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | WBD | +145.8% vs FWONK's -5.0% |
| Efficiency (ROA) | FWONK | 42.6% ROA vs WBD's 0.5% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Formula One Group is the commercial rights holder for the global Formula 1 motorsport championship. It generates revenue primarily from race promotion fees (about 30%), media rights sales (about 35%), and sponsorship deals (about 20%), with the remainder from hospitality and other sources. Its key moat is the exclusive, long-term commercial rights to the world's premier motorsport series — a globally recognized brand with high barriers to entry.
Warner Bros. Discovery is a global media and entertainment conglomerate that produces and distributes content across film, television, and streaming platforms. It generates revenue primarily through three segments: Studios (film and TV production), Networks (cable and broadcast channels), and Direct-to-Consumer (streaming services like Max and discovery+). The company's key advantage is its massive content library and iconic franchises — including DC, Harry Potter, HBO originals, and Discovery's unscripted programming — which create a deep moat in an increasingly competitive streaming landscape.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
WBD leads in 2 of 6 categories (Valuation Metrics, Total Returns). FWONK leads in 1 (Profitability & Efficiency). 2 tied.
Financial Metrics (TTM)
WBD is the larger business by revenue, generating $37.9B annually — 37.0x FWONK's $1.0B. FWONK is the more profitable business, keeping 43.8% of every revenue dollar as net income compared to WBD's 1.3%. On growth, WBD holds the edge at -6.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | FWONKFormula One Group | WBDWarner Bros. Disc… |
|---|---|---|
| RevenueTrailing 12 months | $1.0B | $37.9B |
| EBITDAEarnings before interest/tax | $231M | $16.4B |
| Net IncomeAfter-tax profit | $449M | $485M |
| Free Cash FlowCash after capex | $279M | $4.1B |
| Gross MarginGross profit ÷ Revenue | -18.4% | +44.0% |
| Operating MarginEBIT ÷ Revenue | -3.4% | +1.5% |
| Net MarginNet income ÷ Revenue | +43.8% | +1.3% |
| FCF MarginFCF ÷ Revenue | +27.3% | +10.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | -2.6% | -6.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +100.0% | -2.1% |
Valuation Metrics
| Metric | FWONKFormula One Group | WBDWarner Bros. Disc… |
|---|---|---|
| Market CapShares × price | $20.4B | $76.3B |
| Enterprise ValueMkt cap + debt − cash | $19.4B | $110.5B |
| Trailing P/EPrice ÷ TTM EPS | — | -6.10x |
| Forward P/EPrice ÷ next-FY EPS est. | 52.13x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 10.09x |
| Price / SalesMarket cap ÷ Revenue | — | 1.94x |
| Price / BookPrice ÷ Book value/share | — | 1.98x |
| Price / FCFMarket cap ÷ FCF | 22.48x | 17.23x |
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), WBD scores 4/9 vs FWONK's 3/9, reflecting mixed financial health.
| Metric | FWONKFormula One Group | WBDWarner Bros. Disc… |
|---|---|---|
| ROE (TTM)Return on equity | — | +1.3% |
| ROA (TTM)Return on assets | +42.6% | +0.5% |
| ROICReturn on invested capital | — | -9.7% |
| ROCEReturn on capital employed | -0.5% | -10.2% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 |
| Debt / EquityFinancial leverage | — | 1.13x |
| Net DebtTotal debt minus cash | -$1.1B | $34.2B |
| Cash & Equiv.Liquid assets | $1.1B | $5.3B |
| Total DebtShort + long-term debt | $0 | $39.5B |
| Interest CoverageEBIT ÷ Interest expense | 3.35x | 1.85x |
Total Returns (with DRIP)
A $10,000 investment in FWONK five years ago would be worth $20,766 today (with dividends reinvested), compared to $4,842 for WBD. Over the past 12 months, WBD leads with a +145.8% total return vs FWONK's -5.0%. The 3-year compound annual growth rate (CAGR) favors WBD at 21.7% vs FWONK's 11.6% — a key indicator of consistent wealth creation.
| Metric | FWONKFormula One Group | WBDWarner Bros. Disc… |
|---|---|---|
| YTD ReturnYear-to-date | -6.6% | -1.2% |
| 1-Year ReturnPast 12 months | -5.0% | +145.8% |
| 3-Year ReturnCumulative with dividends | +39.1% | +80.3% |
| 5-Year ReturnCumulative with dividends | +107.7% | -51.6% |
| 10-Year ReturnCumulative with dividends | +269.5% | +12.7% |
| CAGR (3Y)Annualised 3-year return | +11.6% | +21.7% |
Risk & Volatility
FWONK is the less volatile stock with a 0.51 beta — it tends to amplify market swings less than WBD's 1.73 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WBD currently trades 93.9% from its 52-week high vs FWONK's 83.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FWONKFormula One Group | WBDWarner Bros. Disc… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.51x | 1.73x |
| 52-Week HighHighest price in past year | $109.36 | $30.00 |
| 52-Week LowLowest price in past year | $75.26 | $7.52 |
| % of 52W HighCurrent price vs 52-week peak | +83.8% | +93.9% |
| RSI (14)Momentum oscillator 0–100 | 44.7 | 58.5 |
| Avg Volume (50D)Average daily shares traded | 1.5M | 20.9M |
Analyst Outlook
Wall Street rates FWONK as "Buy" and WBD as "Hold". Consensus price targets imply 30.2% upside for FWONK (target: $119) vs -9.2% for WBD (target: $26).
| Metric | FWONKFormula One Group | WBDWarner Bros. Disc… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $119.25 | $25.59 |
| # AnalystsCovering analysts | 24 | 31 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Formula One Group (FWONK) | 100 | 230.64 | +130.6% |
| Warner Bros. Discov… (WBD) | 100 | 141.49 | +41.5% |
Formula One Group (FWONK) returned +108% over 5 years vs Warner Bros. Discov… (WBD)'s -52%. A $10,000 investment in FWONK 5 years ago would be worth $20,766 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Formula One Group (FWONK) | $0.00 | $0.00 | — |
| Warner Bros. Discov… (WBD) | $6.5B | $39.3B | +505.2% |
Formula One Group's revenue grew from $0M (2016) to $0M (2025) — a 0.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Formula One Group (FWONK) | -3.6% | -0.8% | +77.5% |
| Warner Bros. Discov… (WBD) | 16.2% | -28.8% | -277.9% |
Formula One Group's net margin went from -4% (2015) to -1% (2024). Warner Bros. Discovery, Inc.'s net margin went from 16% (2015) to -29% (2024).
Chart 4P/E Ratio History — 7 Years
| Stock | 2017 | 2023 | Change |
|---|---|---|---|
| Formula One Group (FWONK) | 27.8 | 101.8 | +266.2% |
| Warner Bros. Discov… (WBD) | 28.8 | 15.3 | -46.9% |
Formula One Group has traded in a 27x–102x P/E range over 3 years; current trailing P/E is ~102x. Warner Bros. Discovery, Inc. has traded in a 11x–29x P/E range over 4 years; current trailing P/E is ~-6x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Formula One Group (FWONK) | 1.02 | 0 | -100.0% |
| Warner Bros. Discov… (WBD) | 1.96 | -4.62 | -335.7% |
Formula One Group's EPS grew from $1.02 (2016) to $0.00 (2025) — a -100% CAGR.
Chart 6Free Cash Flow — 5 Years
Formula One Group generated $908M FCF in 2025 (+96% vs 2021). Warner Bros. Discovery, Inc. generated $4B FCF in 2024 (+83% vs 2021).
FWONK vs WBD: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is FWONK or WBD a better buy right now?
Analysts rate Formula One Group (FWONK) a "Buy" — based on 24 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — FWONK or WBD?
Over the past 5 years, Formula One Group (FWONK) delivered a total return of +107.7%, compared to -51.6% for Warner Bros. Discovery, Inc. (WBD). A $10,000 investment in FWONK five years ago would be worth approximately $21K today (assuming dividends reinvested). Over 10 years, the gap is even starker: FWONK returned +269.5% versus WBD's +12.7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — FWONK or WBD?
By beta (market sensitivity over 5 years), Formula One Group (FWONK) is the lower-risk stock at 0.51β versus Warner Bros. Discovery, Inc.'s 1.73β — meaning WBD is approximately 241% more volatile than FWONK relative to the S&P 500.
04Which has better profit margins — FWONK or WBD?
Formula One Group (FWONK) is the more profitable company, earning 43.8% net margin versus -28.8% for Warner Bros. Discovery, Inc. — meaning it keeps 43.8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FWONK leads at -3.4% versus -25.5% for WBD. At the gross margin level — before operating expenses — WBD leads at 41.6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is FWONK or WBD more undervalued right now?
Analyst consensus price targets imply the most upside for FWONK: 30.2% to $119.25.
06Which pays a better dividend — FWONK or WBD?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is FWONK or WBD better for a retirement portfolio?
For long-horizon retirement investors, Formula One Group (FWONK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.51), +269.5% 10Y return). Warner Bros. Discovery, Inc. (WBD) carries a higher beta of 1.73 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (FWONK: +269.5%, WBD: +12.7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between FWONK and WBD?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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