Comprehensive Stock Comparison
Compare Warner Bros. Discovery, Inc. (WBD) vs Paramount Skydance Corporation Class B Common Stock (PSKY) 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 | PSKY | -0.5% revenue growth vs WBD's -4.8% |
| Value | WBD | Better valuation composite |
| Quality / Margins | WBD | 1.3% net margin vs PSKY's -0.9% |
| Stability / Safety | PSKY | Beta 0.56 vs WBD's 1.72, lower leverage |
| Dividends | PSKY | 0.4% yield; WBD pays no meaningful dividend |
| Momentum (1Y) | WBD | +175.2% vs PSKY's -10.0% |
| Efficiency (ROA) | WBD | 0.5% ROA vs PSKY's -0.6%, ROIC -9.7% vs -14.7% |
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
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.
Paramount Skydance Corporation is a major media and entertainment company that operates television networks, produces films and TV shows, and runs streaming services. It generates revenue through advertising on its TV networks and streaming platforms, subscription fees from its Paramount+ and other streaming services, and licensing content from its film and television studios. The company's competitive advantage lies in its extensive content library — including iconic franchises like Star Trek and Mission: Impossible — and its multi-platform distribution ecosystem that spans broadcast, cable, and streaming.
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 4 of 6 categories — strongest in Financial Metrics and Profitability & Efficiency. 2 categories are tied.
Financial Metrics (TTM)
WBD and PSKY operate at a comparable scale, with $37.9B and $28.7B in trailing revenue. Profitability is closely matched — net margins range from 1.3% (WBD) to -0.9% (PSKY). On growth, PSKY holds the edge at -0.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | WBDWarner Bros. Disc… | PSKYParamount Skydanc… |
|---|---|---|
| RevenueTrailing 12 months | $37.9B | $28.7B |
| EBITDAEarnings before interest/tax | $16.4B | $2.3B |
| Net IncomeAfter-tax profit | $485M | -$272M |
| Free Cash FlowCash after capex | $4.1B | $308M |
| Gross MarginGross profit ÷ Revenue | +44.0% | +30.8% |
| Operating MarginEBIT ÷ Revenue | +1.5% | +6.9% |
| Net MarginNet income ÷ Revenue | +1.3% | -0.9% |
| FCF MarginFCF ÷ Revenue | +10.9% | +1.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | -6.0% | -0.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.1% | — |
Valuation Metrics
| Metric | WBDWarner Bros. Disc… | PSKYParamount Skydanc… |
|---|---|---|
| Market CapShares × price | $78.3B | $10.9B |
| Enterprise ValueMkt cap + debt − cash | $112.5B | $22.0B |
| Trailing P/EPrice ÷ TTM EPS | -6.26x | -1.09x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 9.06x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 10.27x | — |
| Price / SalesMarket cap ÷ Revenue | 1.99x | 0.37x |
| Price / BookPrice ÷ Book value/share | 2.03x | 0.52x |
| Price / FCFMarket cap ÷ FCF | 17.68x | 22.27x |
Profitability & Efficiency
WBD delivers a 1.3% return on equity — every $100 of shareholder capital generates $1 in annual profit, vs $-2 for PSKY. PSKY carries lower financial leverage with a 1.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to WBD's 1.13x. On the Piotroski fundamental quality scale (0–9), PSKY scores 6/9 vs WBD's 4/9, reflecting solid financial health.
| Metric | WBDWarner Bros. Disc… | PSKYParamount Skydanc… |
|---|---|---|
| ROE (TTM)Return on equity | +1.3% | -2.0% |
| ROA (TTM)Return on assets | +0.5% | -0.6% |
| ROICReturn on invested capital | -9.7% | -14.7% |
| ROCEReturn on capital employed | -10.2% | -15.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 1.13x | 1.12x |
| Net DebtTotal debt minus cash | $34.2B | $11.1B |
| Cash & Equiv.Liquid assets | $5.3B | $3.3B |
| Total DebtShort + long-term debt | $39.5B | $14.4B |
| Interest CoverageEBIT ÷ Interest expense | 1.85x | 1.57x |
Total Returns (with DRIP)
A $10,000 investment in WBD five years ago would be worth $5,450 today (with dividends reinvested), compared to $1,996 for PSKY. Over the past 12 months, WBD leads with a +175.2% total return vs PSKY's -10.0%. The 3-year compound annual growth rate (CAGR) favors WBD at 21.9% vs PSKY's -21.1% — a key indicator of consistent wealth creation.
| Metric | WBDWarner Bros. Disc… | PSKYParamount Skydanc… |
|---|---|---|
| YTD ReturnYear-to-date | +1.4% | -22.9% |
| 1-Year ReturnPast 12 months | +175.2% | -10.0% |
| 3-Year ReturnCumulative with dividends | +81.3% | -50.9% |
| 5-Year ReturnCumulative with dividends | -45.5% | -80.0% |
| 10-Year ReturnCumulative with dividends | +15.2% | -65.4% |
| CAGR (3Y)Annualised 3-year return | +21.9% | -21.1% |
Risk & Volatility
PSKY is the less volatile stock with a 0.56 beta — it tends to amplify market swings less than WBD's 1.72 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WBD currently trades 96.3% from its 52-week high vs PSKY's 48.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | WBDWarner Bros. Disc… | PSKYParamount Skydanc… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.72x | 0.56x |
| 52-Week HighHighest price in past year | $30.00 | $20.86 |
| 52-Week LowLowest price in past year | $7.52 | $9.95 |
| % of 52W HighCurrent price vs 52-week peak | +96.3% | +48.7% |
| RSI (14)Momentum oscillator 0–100 | 64.6 | 35.5 |
| Avg Volume (50D)Average daily shares traded | 25.2M | 6.5M |
Analyst Outlook
Wall Street rates WBD as "Hold" and PSKY as "Sell". Consensus price targets imply 32.9% upside for PSKY (target: $14) vs -11.5% for WBD (target: $26). PSKY is the only dividend payer here at 0.43% yield — a key consideration for income-focused portfolios.
| Metric | WBDWarner Bros. Disc… | PSKYParamount Skydanc… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Sell |
| Price TargetConsensus 12-month target | $25.59 | $13.50 |
| # AnalystsCovering analysts | 31 | 28 |
| Dividend YieldAnnual dividend ÷ price | — | +0.4% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | — | $0.04 |
| 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 | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| Warner Bros. Discov… (WBD) | 100 | 111.55 | +11.6% |
| Paramount Skydance … (PSKY) | 100 | 45.99 | -54.0% |
Warner Bros. Discov… (WBD) returned -46% over 5 years vs Paramount Skydance … (PSKY)'s -80%.
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Warner Bros. Discov… (WBD) | $6.5B | $39.3B | +505.2% |
| Paramount Skydance … (PSKY) | $13.2B | $29.2B | +121.9% |
Paramount Skydance Corporation Class B Common Stock's revenue grew from $13.2B (2016) to $29.2B (2025) — a 9.3% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Warner Bros. Discov… (WBD) | 18.4% | -28.8% | -256.5% |
| Paramount Skydance … (PSKY) | 9.6% | -21.2% | -321.2% |
Paramount Skydance Corporation Class B Common Stock's net margin went from 10% (2016) to -21% (2025).
Chart 4P/E Ratio History — 6 Years
| Stock | 2017 | 2022 | Change |
|---|---|---|---|
| Warner Bros. Discov… (WBD) | 28.8 | 15.3 | -46.9% |
| Paramount Skydance … (PSKY) | 67 | 10.5 | -84.3% |
Warner Bros. Discovery, Inc. has traded in a 11x–29x P/E range over 4 years; current trailing P/E is ~-6x. Paramount Skydance Corporation Class B Common Stock has traded in a 4x–67x P/E range over 6 years; current trailing P/E is ~-1x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Warner Bros. Discov… (WBD) | 1.96 | -4.62 | -335.7% |
| Paramount Skydance … (PSKY) | 2.81 | -9.32 | -431.7% |
Paramount Skydance Corporation Class B Common Stock's EPS grew from $2.81 (2016) to $-9.32 (2025) — a NaN% CAGR.
Chart 6Free Cash Flow — 5 Years
Warner Bros. Discovery, Inc. generated $4B FCF in 2024 (+83% vs 2021). Paramount Skydance Corporation Class B Common Stock generated $489M FCF in 2025 (-18% vs 2021).
WBD vs PSKY: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is WBD or PSKY a better buy right now?
Analysts rate Warner Bros. Discovery, Inc. (WBD) a "Hold" — based on 31 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 — WBD or PSKY?
Over the past 5 years, Warner Bros. Discovery, Inc. (WBD) delivered a total return of -45.5%, compared to -80.0% for Paramount Skydance Corporation Class B Common Stock (PSKY). A $10,000 investment in WBD five years ago would be worth approximately $5K today (assuming dividends reinvested). Over 10 years, the gap is even starker: WBD returned +15.2% versus PSKY's -65.4%. 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 — WBD or PSKY?
By beta (market sensitivity over 5 years), Paramount Skydance Corporation Class B Common Stock (PSKY) is the lower-risk stock at 0.56β versus Warner Bros. Discovery, Inc.'s 1.72β — meaning WBD is approximately 207% more volatile than PSKY relative to the S&P 500. On balance sheet safety, Paramount Skydance Corporation Class B Common Stock (PSKY) carries a lower debt/equity ratio of 112% versus 113% for Warner Bros. Discovery, Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — WBD or PSKY?
Paramount Skydance Corporation Class B Common Stock (PSKY) is the more profitable company, earning -21.2% net margin versus -28.8% for Warner Bros. Discovery, Inc. — meaning it keeps -21.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PSKY leads at -18.0% 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 WBD or PSKY more undervalued right now?
Analyst consensus price targets imply the most upside for PSKY: 32.9% to $13.50.
06Which pays a better dividend — WBD or PSKY?
In this comparison, PSKY (0.4% yield) pays a dividend. WBD does not pay a meaningful dividend and should not be held primarily for income.
07Is WBD or PSKY better for a retirement portfolio?
For long-horizon retirement investors, Paramount Skydance Corporation Class B Common Stock (PSKY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.56)). Warner Bros. Discovery, Inc. (WBD) carries a higher beta of 1.72 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PSKY: -65.4%, WBD: +15.2%), 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 WBD and PSKY?
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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- Sector: Communication Services
- Market Cap > $100B
- Gross Margin > 18%
- Dividend Yield > 0.5%