Warner Bros. Discovery (MIL:1WBD) FCF Margin %: -5.35% (As of Mar. 2026)


MIL:1WBD Warner Bros. Discovery Inc MIL:1WBD
29 GF Score
Price €23.60
GF Value €8.60
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Warner Bros. Discovery FCF Margin %?

Warner Bros. Discovery MIL:1WBD -1.48% 29 FCF Margin % is -5.35% as of Mar. 2026. GuruFocus rates MIL:1WBD with a GF Score™ of 29/100 and a GF Value™ of €8.60 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,017 Media - Diversified companies, Warner Bros. Discovery ranks better than 64.01% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Warner Bros. Discovery's Free Cash Flow for the three months ended in Mar. 2026 was €-412 Mil. Warner Bros. Discovery's Revenue for the three months ended in Mar. 2026 was €7,692 Mil. Therefore, Warner Bros. Discovery's FCF Margin % for the quarter that ended in Mar. 2026 was -5.35%.

As of today, Warner Bros. Discovery's current FCF Yield % is 3.44%.

The historical rank and industry rank for Warner Bros. Discovery's FCF Margin % or its related term are showing as below:

MIL:1WBD' s FCF Margin % Range Over the Past 10 Years
Min: 6.18   Med: 19.89   Max: 27.91
Current: 6.18


During the past 13 years, the highest FCF Margin % of Warner Bros. Discovery was 27.91%. The lowest was 6.18%. And the median was 19.89%.

MIL:1WBD's FCF Margin % is ranked better than
64.01% of 1017 companies
in the Media - Diversified industry
Industry Median: 2.12 vs MIL:1WBD: 6.18


Warner Bros. Discovery FCF Margin % Related Terms


Warner Bros. Discovery FCF Margin % Historical Data

* Premium members only.

The historical data trend for Warner Bros. Discovery's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Warner Bros. Discovery FCF Margin % Chart

Warner Bros. Discovery Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.89 9.81 14.91 11.26 8.28

Warner Bros. Discovery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.36 7.15 7.75 14.62 -5.35

MIL:1WBD vs LYV, FOXA, FWONA: FCF Margin % Comparison

For the Entertainment subindustry, Warner Bros. Discovery's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Warner Bros. Discovery FCF Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Bros. Discovery's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Warner Bros. Discovery's FCF Margin % falls into.


MIL:1WBD
29GF Score
Warner Bros. Discovery Inc MIL:1WBD
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Warner Bros. Discovery FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Warner Bros. Discovery's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2637.152/31850.784
=8.28 %

Warner Bros. Discovery's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-411.74/7692.445
=-5.35 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -5.35% mean?
Warner Bros. Discovery (MIL:1WBD) has a FCF Margin % of -5.35% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Warner Bros. Discovery and its competitors. Over the past decade, Warner Bros. Discovery's FCF Margin % has ranged from 6.18 to 27.91. According to the industry distribution chart, Warner Bros. Discovery ranks #366 out of 1017 companies in the Media - Diversified industry, placing it in the top 36%.
Is Warner Bros. Discovery's FCF Margin % too high?
Warner Bros. Discovery's current FCF Margin % is -5.35%. Over the past 10 years, this metric has ranged from a low of 6.18 to a high of 27.91. Based on the distribution chart, Warner Bros. Discovery ranks #366 out of 1017 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Warner Bros. Discovery has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warner Bros. Discovery's FCF Margin % compare to LYV and FOXA?
According to the Media - Diversified industry distribution chart, Warner Bros. Discovery ranks #366 out of 1017 companies for FCF Margin %. This puts Warner Bros. Discovery in the upper half of its industry. The industry median FCF Margin % is 2.12. Historically, Warner Bros. Discovery's own FCF Margin % has ranged from 6.18 to 27.91 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Media - Diversified company?
The median FCF Margin % among Media - Diversified companies is 2.12, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Warner Bros. Discovery and its competitors. For the Media - Diversified industry, the median FCF Margin % is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Bros. Discovery's current FCF Margin % is -5.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Bros. Discovery stock overvalued right now?
Based on GuruFocus' analysis, Warner Bros. Discovery (MIL:1WBD) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.60, compared to a current price of €23.60 — trading 174.4% above its estimated fair value. The current FCF Margin % is -5.35%. Warner Bros. Discovery's overall GF Score™ is 29/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Warner Bros. Discovery (MIL:1WBD), the current FCF Margin % is -5.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Warner Bros. Discovery (MIL:1WBD) Overvalued in 2026?

Based on GuruFocus' analysis, Warner Bros. Discovery stock appears to be overvalued. The current stock price of €23.60 is trading 174.4% above its estimated GF Value™ of €8.60. GuruFocus considers Warner Bros. Discovery to be Significantly Overvalued.

Key valuation signals for MIL:1WBD:

  • FCF Margin %: -5.35%
  • GF Value™: €8.60 vs. price of €23.60 (174.4% above fair value)
  • GF Score™: 29/100 with 6 warning signs

No single metric tells the full story. See the MIL:1WBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Warner Bros. Discovery Business Description

Address 230 Park Avenue South, New York, NY, USA, 10003
Warner Bros. Discovery operates in three segments: streaming, studios, and linear networks. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner's own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.
29GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€23.60
Price
€8.60
GF Value