Company / Free Cash Flow
Warner Bros. Discovery Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$3.1B
FY2025
5-year range
$2.3B / $4.4B
FY2021-FY2025
Trend
-30.2%
vs FY2024
Sector context
#9 of 67
Communication Services
What the data says
Warner Bros. Discovery's free cash flow of $3.1B is higher than 87% of companies in the Communication Services sector (FY2025). Free Cash Flow has fluctuated over the past 10 years, ranging from $1.3B in FY2016 to $4.4B in FY2024.
Based on SEC 10-K filings.
$3.1B in FY2025 with a 5-year CAGR of +4.9%. Top quartile in the Communication Services sector.
Improved from $2.4B to $3.1B over the past 2 years.
Communication Services sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +9.7%
- 5-Year CAGR
- +4.9%
- 10-Year CAGR
- -
Sector benchmark
-9.2% below sector average
Key checks
Key Insights
- 5-year CAGR of +4.9%, indicating consistent growth.
- In FY2025, free cash flow decreased 30.2% year-over-year.
- Ranks #9 out of 67 companies in the Communication Services sector.
- Peak free cash flow was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score 0.54 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.1B | -30.2% |
| FY2024 | $4.4B | +82.6% |
| FY2023 | $2.4B | +3.8% |
| FY2022 | $2.3B | -24.9% |
| FY2021 | $3.1B | +28.0% |
| FY2020 | $2.4B | +62.6% |
| FY2019 | $1.5B | -38.5% |
| FY2018 | $2.4B | +62.6% |
| FY2017 | $1.5B | +15.6% |
| FY2016 | $1.3B | +10.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026