Company / Operating Margin
Warner Bros. Discovery Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
2.0%
FY2025
5-year range
-25.5% / 27.0%
FY2021-FY2025
Trend
+107.8%
vs FY2024
Sector context
#41 of 62
Communication Services
What the data says
At 2.0%, Warner Bros. Discovery's operating margin ranks #41 of 62 in the Communication Services sector. Operating Margin returned to growth in FY2025 after 3 years of decline, reaching 2.0%.
Based on SEC 10-K filings.
2.0% in FY2025 with a 5-year CAGR of -16.3%.
Declined from 16.5% to 2.0% over the past 2 years.
Communication Services sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -21.6pp
- 5-Year Change
- -16.3pp
- 10-Year Change
- -
Sector benchmark
#41 of 62 in Communication ServicesTop 66% of 62This company 2.0% Sector average 3.2%
▼
-37.5% below sector average
Key checks
Key Insights
- In FY2025, operating margin increased 107.8% year-over-year.
- Currently 1.2pp below the Communication Services sector average.
- Peak operating margin was recorded in FY2016.
- Lowest operating margin in the period was 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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 2.0% | +107.8% |
| FY2024 | -25.5% | -254.6% |
| FY2023 | 16.5% | -30.0% |
| FY2022 | 23.6% | -12.7% |
| FY2021 | 27.0% | +47.3% |
| FY2020 | 18.3% | +76.8% |
| FY2019 | 10.4% | -43.4% |
| FY2018 | 18.3% | +76.8% |
| FY2017 | 10.4% | -67.3% |
| FY2016 | 31.7% | -11.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026