How Does Warner Bros. Discovery Stock Stack Up Against Its Peers?
Warner Bros. Discovery’s (WBD) stock has surged over the past year, driven by M&A buzz and a pivot to streaming profitability, but how does it truly stack up against its media and tech peers as of February 27, 2026? A closer look reveals strong market returns, yet WBD grapples with negative revenue growth, a high PE ratio, and low operating margins compared to rivals. Analysts note potential overvaluation amidst a challenging linear business and ongoing strategic restructuring by mid-2026.
- WBD’s 3.7% operating margin, lowest among peers (AAPL 32.4%), reflects content cost pressures or lack of pricing power.
- WBD’s -4.3% LTM revenue growth, lagging peers, suggests integration hurdles or struggles in content monetization/ad market.
- WBD’s 156.1% gain (PE 144.0) outpaced peers, signaling high investor expectations for future content value or deleveraging.
Here’s how Warner Bros. Discovery stacks up across size, valuation, and profitability versus key peers.
| WBD | DIS | NFLX | CMCSA | AMZN | AAPL | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 69.8 | 189.4 | 407.0 | 112.4 | 2,249.1 | 3,896.2 |
| Revenue ($ Bil) | 37.9 | 95.7 | 45.2 | 123.7 | 716.9 | 435.6 |
| PE Ratio | 144.0 | 15.5 | 37.1 | 5.6 | 29.0 | 33.1 |
| LTM Revenue Growth | -4.3% | 3.5% | 15.9% | -0.0% | 12.4% | 10.1% |
| LTM Operating Margin | 3.7% | 14.2% | 29.5% | 16.7% | 11.2% | 32.4% |
| LTM FCF Margin | 10.9% | 7.4% | 20.9% | 15.5% | 1.1% | 28.3% |
| 12M Market Return | 156.1% | -3.7% | -0.1% | -3.0% | 0.6% | 11.8% |
For more details on Warner Bros. Discovery, read Buy or Sell WBD Stock. Below we compare WBD’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| WBD | -4.3% | – | -4.8% | 22.2% | 177.4% |
| DIS | 3.5% | 3.4% | 2.8% | 7.5% | |
| NFLX | 15.9% | 15.9% | 15.6% | 6.7% | |
| CMCSA | -0.0% | -0.0% | 1.8% | 0.1% | |
| AMZN | 12.4% | 12.4% | 11.0% | 11.8% | |
| AAPL | 10.1% | 6.4% | 2.0% | -2.8% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| WBD | 3.7% | – | 0.0% | -2.1% | -10.3% |
| DIS | 14.2% | 14.6% | 13.0% | 10.1% | |
| NFLX | 29.5% | 29.5% | 26.7% | 20.6% | |
| CMCSA | 16.7% | 16.7% | 18.8% | 19.2% | |
| AMZN | 11.2% | 11.2% | 10.8% | 6.4% | |
| AAPL | 32.4% | 32.0% | 31.5% | 29.8% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| WBD | 144.0 | – | -6.2 | -8.2 | -3.0 |
| DIS | 15.5 | 16.5 | 40.9 | 70.1 | |
| NFLX | 37.1 | 36.3 | 43.9 | 39.8 | |
| CMCSA | 5.6 | 5.5 | 9.0 | 11.7 | |
| AMZN | 29.0 | 31.7 | 38.8 | 51.5 | |
| AAPL | 33.1 | 36.3 | 41.0 | 31.3 |
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