Last 47 quarters of trend data · Communication Services · Entertainment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 106.69 | 111.08 | — | — | — | 4.55 | — | — | 37.71 | — | — | — | — | — | — | — | — | — | 9.03 | 72.65 | 26.44 |
| — | +2342.7% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -82.5% | +305.6% | +113.7% | |
| P/S Ratio | 2.08 | 1.97 | 1.92 | 1.93 | 1.34 | 0.73 | 0.74 | 0.65 | 0.53 | 0.47 | 0.54 | 0.67 | 0.66 | 0.74 | 0.86 | 0.52 | 0.71 | 0.78 | 1.31 | 1.23 | 1.34 |
| — | +169.8% | +161.5% | +198.0% | +152.8% | +55.5% | +37.4% | -4.0% | -20.2% | -36.4% | -37.6% | +28.9% | -6.7% | -5.5% | -34.6% | -57.5% | -46.8% | -53.1% | -49.5% | -28.1% | -6.5% | |
| P/B Ratio | 2.11 | 2.02 | 2.03 | 1.96 | 1.30 | 0.77 | 0.75 | 0.74 | 0.56 | 0.51 | 0.47 | 0.60 | 0.57 | 0.65 | 0.77 | 0.47 | 0.56 | 0.58 | 1.22 | 1.17 | 1.26 |
| — | +163.3% | +170.3% | +164.3% | +130.4% | +48.9% | +59.5% | +24.5% | -1.8% | -21.2% | -38.7% | +26.1% | +2.9% | +12.7% | -37.2% | -59.6% | -55.6% | -62.1% | -47.0% | -26.6% | +3.4% | |
| P/FCF | 25.12 | 30.00 | — | 13.18 | 17.27 | 10.20 | 21.87 | 2.67 | 8.06 | 4.67 | 13.67 | 2.09 | 3.21 | 4.44 | — | 2.32 | — | 9.72 | 17.41 | 5.01 | 5.97 |
| — | +194.2% | — | +393.7% | +114.2% | +118.3% | +60.0% | +27.5% | +150.7% | +5.3% | — | -9.7% | — | -54.4% | — | -53.7% | — | +44.5% | -57.0% | -55.3% | +28.4% | |
| EV / EBITDA | 15.10 | 17.43 | 5.71 | 13.63 | 9.84 | 2.98 | 3.22 | 3.09 | 2.67 | — | 2.80 | 3.18 | 3.27 | 3.31 | 3.34 | 3.87 | 3.85 | 4.75 | 3.62 | 3.66 | 3.78 |
| — | +485.6% | +77.3% | +341.7% | +268.0% | — | +15.2% | -2.9% | -18.2% | — | -16.2% | -17.9% | -15.2% | -30.2% | -7.9% | +5.7% | +1.9% | +10.3% | -48.3% | -25.4% | -11.9% | |
| EV / EBIT | 80.65 | 101.36 | — | 141.74 | 32.74 | 5.00 | 440.99 | 112.19 | 45.29 | — | — | — | 410.08 | — | — | — | — | — | 8.08 | 19.70 | 18.17 |
| — | +1925.7% | — | +26.3% | -27.7% | — | — | — | -89.0% | — | — | — | — | — | — | — | — | — | -64.6% | +37.9% | +24.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.2% | 47.0% | 47.8% | 30.2% | 49.5% | 39.2% | 42.9% | 44.9% | 46.2% | 36.1% | 39.2% | 42.7% | 46.8% | 35.9% | 37.5% | 36.8% | 42.7% | 32.6% | 60.9% | 66.5% | 51.5% |
| — | +19.9% | +11.5% | -32.7% | +7.3% | +8.5% | +9.4% | +5.2% | -1.4% | +0.5% | +4.4% | +15.9% | +9.6% | +10.3% | -38.4% | -44.6% | -17.0% | -50.3% | -6.8% | +9.3% | -15.4% | |
| Operating Margin | 3.5% | 2.7% | 6.2% | 5.7% | 6.8% | -1.9% | -0.4% | 1.6% | 2.9% | -105.1% | -2.7% | -1.8% | 1.0% | -8.7% | -5.2% | -17.2% | -22.3% | -37.0% | 11.2% | 15.9% | 10.4% |
| — | +244.2% | +1598.0% | +250.7% | +131.3% | +98.2% | +84.6% | +191.3% | +200.4% | -1101.5% | +48.5% | +89.7% | +104.4% | +76.4% | -146.6% | -207.9% | -313.5% | -245.6% | -21.2% | -5.7% | -49.6% | |
| Net Margin | 1.9% | 1.7% | -32.8% | -2.7% | -1.6% | 16.1% | -5.0% | -4.9% | 1.4% | -102.8% | -9.7% | -3.9% | -4.2% | -12.0% | -10.0% | -19.1% | -23.5% | -34.8% | 14.4% | 1.2% | 5.0% |
| — | -89.4% | -549.9% | +45.9% | -216.6% | +115.7% | +48.0% | -26.7% | +133.6% | -758.8% | +2.9% | +79.6% | +82.2% | +65.6% | -169.2% | -1700.8% | -574.4% | -258.5% | +187.9% | -87.3% | -57.7% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.0% | 0.4% | -8.2% | -0.7% | -0.4% | 4.4% | -1.3% | -1.4% | 0.4% | -24.7% | -2.1% | -0.9% | -0.9% | -2.6% | -2.2% | -4.3% | -4.5% | -10.3% | 3.4% | 0.3% | 1.2% |
| — | -89.9% | -536.8% | +51.3% | -205.1% | +117.6% | +38.6% | -60.8% | +142.0% | -844.2% | +5.0% | +79.7% | +80.0% | +74.5% | -165.5% | -1600.5% | -483.5% | -297.9% | +201.5% | -87.2% | -53.6% | |
| ROA | 0.7% | 0.2% | -2.9% | -0.3% | -0.1% | 1.6% | -0.4% | -0.5% | 0.1% | -8.8% | -0.8% | -0.3% | -0.3% | -1.0% | -0.8% | -1.6% | -1.7% | -3.9% | 1.3% | 0.1% | 0.5% |
| — | -90.2% | -570.7% | +46.4% | -216.2% | +117.7% | +44.8% | -44.4% | +138.1% | -816.1% | +1.4% | +79.1% | +80.1% | +75.4% | -160.5% | -1506.9% | -466.2% | -297.0% | +223.3% | -86.2% | -49.8% | |
| ROIC | 1.5% | 0.3% | 0.6% | 0.6% | 0.7% | -0.2% | -0.0% | 0.2% | 0.3% | -9.7% | -0.2% | -0.2% | 0.1% | -0.7% | -0.4% | -1.5% | -1.6% | -4.3% | 1.1% | 1.5% | 1.0% |
| — | +238.6% | +1695.5% | +255.8% | +136.3% | +97.9% | +82.8% | +209.5% | +256.9% | -1223.7% | +47.3% | +89.5% | +104.9% | +83.0% | -140.3% | -196.0% | -268.1% | -288.5% | -4.8% | +8.0% | -37.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.88 | 0.94 | 0.96 | 0.88 | 0.90 | 0.93 | 1.06 | 1.13 | 1.11 | 1.16 | 0.94 | 0.94 | 0.97 | 1.01 | 1.02 | 1.01 | 1.00 | 0.99 | 1.06 | 1.10 | 1.10 |
| — | +1.6% | -9.5% | -22.5% | -18.6% | -19.8% | +13.2% | +20.3% | +14.5% | +14.4% | -8.1% | -6.7% | -2.5% | +1.9% | -3.7% | -8.6% | -9.8% | -12.3% | -11.1% | -11.4% | -13.3% | |
| Debt / EBITDA | 4.66 | 22.94 | 7.60 | 17.59 | 16.99 | 7.06 | 8.04 | 8.11 | 7.51 | — | 7.82 | 8.21 | 8.50 | 8.37 | 7.86 | 11.11 | 10.19 | 12.36 | 7.78 | 8.14 | 7.84 |
| — | +224.9% | -5.5% | +117.0% | +126.2% | — | +2.9% | -1.2% | -11.6% | — | -0.6% | -26.1% | -16.6% | -32.3% | +1.1% | +36.5% | +30.0% | +55.5% | -22.3% | -11.0% | -16.3% | |
| Current Ratio | 1.06 | 0.78 | 0.73 | 1.06 | 1.07 | 1.04 | 0.84 | 0.89 | 0.80 | 0.76 | 0.82 | 0.93 | 0.88 | 0.81 | 0.84 | 0.93 | 0.86 | 1.07 | 2.01 | 2.10 | 2.00 |
| — | -25.6% | -12.9% | +18.6% | +34.8% | +38.1% | +2.0% | -4.0% | -9.4% | -7.2% | -2.2% | -0.5% | +1.9% | -23.9% | -58.4% | -55.6% | -56.7% | -43.3% | +7.9% | +5.6% | +0.4% | |
| Quick Ratio | 1.06 | 0.78 | 0.73 | 1.06 | 1.07 | 1.04 | 0.84 | 0.89 | 0.80 | 0.76 | 0.82 | 0.93 | 0.88 | 0.81 | 0.84 | 0.93 | 0.86 | 1.07 | 2.01 | 2.10 | 2.00 |
| — | -25.6% | -12.9% | +18.6% | +34.8% | +38.1% | +2.0% | -4.0% | -9.4% | -7.2% | -2.2% | -0.5% | +1.9% | -23.9% | -58.4% | -55.6% | -56.7% | -43.3% | +7.9% | +5.6% | +0.4% | |
| Interest Coverage | 1.79 | 0.47 | -4.37 | 0.30 | 1.05 | 6.30 | 0.07 | 0.27 | 0.64 | -18.37 | -0.59 | -0.22 | 0.07 | -1.58 | -1.17 | -3.55 | -4.14 | -7.31 | 5.42 | 2.19 | 2.47 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying WBD stock.
Warner Bros. Discovery, Inc.'s current P/E is 106.7x. The average P/E over the last 1 quarters is 111.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Warner Bros. Discovery, Inc.'s current operating margin is 3.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Warner Bros. Discovery, Inc.'s business trajectory between earnings reports.