NFLX vs. WBD: Netflix vs. Warner Bros. Discovery Stock Comparison
How do Netflix (NFLX) and Warner Bros. Discovery (WBD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Netflix (NFLX) and Warner Bros. Discovery (WBD) are both classified in the Movies & Entertainment sub-industry within the broader Entertainment industry, placing them in the closest GICS peer bucket.
| Profile Item | NFLX | WBD |
|---|---|---|
| Name | Netflix Inc. | Warner Bros. Discovery, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Communication Services | Communication Services |
| GICS Industry Group | Media & Entertainment | Media & Entertainment |
| GICS Industry | Entertainment | Entertainment |
| GICS Sub-Industry | Movies & Entertainment | Movies & Entertainment |
| Market Capitalization | 322.29 billion USD | 70.30 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | May 23, 2002 | July 8, 2005 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NFLX | WBD |
|---|---|---|
| Total Return (1Y) | -35.69% | 73.41% |
| Total Return (3Y, Annualized) | 20.23% | 34.28% |
| Total Return (5Y, Annualized) | 5.27% | 1.41% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | NFLX | WBD |
|---|---|---|
| Volatility (1Y, Annualized) | 35.79% | 31.66% |
| Beta (5Y) | 1.60 | 1.55 |
| Max Drawdown (5Y) | -75.95% | -78.48% |
| Avg. Volume (3M) | 40.70M | 21.28M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NFLX | WBD |
|---|---|---|
| Sharpe Ratio (1Y) | -1.11 | 2.19 |
| Sortino Ratio (1Y) | -1.50 | 4.62 |
Profitability
ROE (TTM)
Warner Bros. Discovery (WBD) reports a negative ROE of -8.79%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Netflix (NFLX) reports 49.54%, ranking against industry peers normally.
NFLX
Media & Entertainment industry group
49.54%
- NFLX
- 49.54%
- Max
- 45.82%
- Q3
- 16.48%
- Median
- 6.89%
- Q1
- -3.55%
- Min
- -26.31%
WBD
Media & Entertainment industry group
-8.79%
- Max
- 45.82%
- Q3
- 16.48%
- Median
- 6.89%
- Q1
- -3.55%
- WBD
- -8.79%
- Min
- -26.31%
Net Margin (TTM)
Warner Bros. Discovery (WBD) reports a negative net margin of -8.77%, usually indicating a net loss over the period. Meanwhile Netflix (NFLX) reports 28.22%, ranking against industry peers normally.
NFLX
Media & Entertainment industry group
28.22%
- Max
- 29.84%
- NFLX
- 28.22%
- Q3
- 10.43%
- Median
- 4.53%
- Q1
- -3.40%
- Min
- -17.61%
WBD
Media & Entertainment industry group
-8.77%
- Max
- 29.84%
- Q3
- 10.43%
- Median
- 4.53%
- Q1
- -3.40%
- WBD
- -8.77%
- Min
- -17.61%
Operating Margin (TTM)
Netflix (NFLX) at 33.38% operates in the top operating margin quartile, ahead of Warner Bros. Discovery (WBD) at 5.11%, which runs around its industry’s norm.
NFLX
Media & Entertainment industry group
33.38%
- Max
- 40.16%
- NFLX
- 33.38%
- Q3
- 18.59%
- Median
- 10.04%
- Q1
- 0.82%
- Min
- -19.55%
WBD
Media & Entertainment industry group
5.11%
- Max
- 40.16%
- Q3
- 18.59%
- Median
- 10.04%
- WBD
- 5.11%
- Q1
- 0.82%
- Min
- -19.55%
Profitability Metrics
| Metric | NFLX | WBD |
|---|---|---|
| ROE (TTM) | 49.54% | -8.79% |
| ROA (TTM) | 16.09% | 1.71% |
| Net Margin (TTM) | 28.22% | -8.77% |
| Operating Margin (TTM) | 33.38% | 5.11% |
| Gross Margin (TTM) | 49.12% | 47.81% |
Growth
Revenue Growth
Netflix (NFLX) at 15.85% sits in the top revenue growth quartile, while Warner Bros. Discovery (WBD) at -5.15% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Only one side can be read here: Netflix (NFLX) reports EPS growth of 27.58%, ranked against its industry; Warner Bros. Discovery (WBD) has no EPS growth figure this period.
Growth Metrics
| Metric | NFLX | WBD |
|---|---|---|
| Revenue Growth (YoY) | 15.85% | -5.15% |
| Revenue Growth (3Y CAGR) | 12.64% | 3.32% |
| EPS Growth (YoY) | 27.58% | -- |
| EPS Growth (3Y CAGR) | 36.49% | -- |
Financial Strength
Current Ratio (MRQ)
Netflix (NFLX) at 1.14 keeps current ratio within its industry’s typical mid-range, while Warner Bros. Discovery (WBD) at 0.78 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WBD.
NFLX
Media & Entertainment industry group
1.14
- Max
- 4.50
- Q3
- 2.38
- Median
- 1.45
- NFLX
- 1.14
- Q1
- 0.86
- Min
- 0.23
WBD
Media & Entertainment industry group
0.78
- Max
- 4.50
- Q3
- 2.38
- Median
- 1.45
- Q1
- 0.86
- WBD
- 0.78
- Min
- 0.23
Debt / Equity (MRQ)
Both Netflix (NFLX) at 0.55 and Warner Bros. Discovery (WBD) at 0.94 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
NFLX
Media & Entertainment industry group
0.55
- Max
- 2.66
- Q3
- 1.44
- NFLX
- 0.55
- Median
- 0.51
- Q1
- 0.17
- Min
- 0.00
WBD
Media & Entertainment industry group
0.94
- Max
- 2.66
- Q3
- 1.44
- WBD
- 0.94
- Median
- 0.51
- Q1
- 0.17
- Min
- 0.00
Financial Strength Metrics
| Metric | NFLX | WBD |
|---|---|---|
| Current Ratio (MRQ) | 1.14 | 0.78 |
| Debt / Equity (MRQ) | 0.55 | 0.94 |
| Net Debt / EBITDA | 0.51 | 3.67 |
Dividends
Dividend Yield (TTM)
Neither Netflix (NFLX) nor Warner Bros. Discovery (WBD) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
NFLX
Media & Entertainment industry group
0.00%
- Max
- 1.42%
- Q3
- 0.61%
- NFLX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
WBD
Media & Entertainment industry group
0.00%
- Max
- 1.42%
- Q3
- 0.61%
- WBD
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Netflix (NFLX) nor Warner Bros. Discovery (WBD) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
NFLX
Media & Entertainment industry group
0.00%
- Max
- 43.37%
- Q3
- 19.42%
- NFLX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
WBD
Media & Entertainment industry group
0.00%
- Max
- 43.37%
- Q3
- 19.42%
- WBD
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | NFLX | WBD |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Netflix (NFLX) trades at 24.34 times trailing earnings, ranked against its peers, while Warner Bros. Discovery (WBD) has no P/E ratio this period.
NFLX
Media & Entertainment industry group
24.34
- Max
- 71.36
- Q3
- 37.90
- NFLX
- 24.34
- Median
- 18.95
- Q1
- 10.54
- Min
- 1.77
WBD
Media & Entertainment industry group
--
- Max
- 71.36
- Q3
- 37.90
- Median
- 18.95
- Q1
- 10.54
- Min
- 1.77
- WBD
- --
P/S Ratio (TTM)
Warner Bros. Discovery (WBD) at 1.95 is priced about in line with its industry on P/S ratio, while Netflix (NFLX) at 6.66 sits in the pricier quartile — NFLX costs more per dollar of sales.
NFLX
Media & Entertainment industry group
6.66
- Max
- 7.24
- NFLX
- 6.66
- Q3
- 3.54
- Median
- 1.43
- Q1
- 0.55
- Min
- 0.00
WBD
Media & Entertainment industry group
1.95
- Max
- 7.24
- Q3
- 3.54
- WBD
- 1.95
- Median
- 1.43
- Q1
- 0.55
- Min
- 0.00
P/B Ratio (MRQ)
Warner Bros. Discovery (WBD) at 2.14 is valued about in line with its industry on P/B ratio, while Netflix (NFLX) at 10.69 carries an above-peer premium to book — NFLX is pricier on assets.
NFLX
Media & Entertainment industry group
10.69
- Max
- 11.38
- NFLX
- 10.69
- Q3
- 5.03
- Median
- 1.89
- Q1
- 0.75
- Min
- -3.64
WBD
Media & Entertainment industry group
2.14
- Max
- 11.38
- Q3
- 5.03
- WBD
- 2.14
- Median
- 1.89
- Q1
- 0.75
- Min
- -3.64
Valuation Metrics
| Metric | NFLX | WBD |
|---|---|---|
| P/E Ratio (TTM) | 24.34 | -- |
| P/S Ratio (TTM) | 6.66 | 1.95 |
| P/B Ratio (MRQ) | 10.69 | 2.14 |
| Free Cash Flow Yield (TTM) | 7.88% | 23.00% |