ADEA vs WBD
Adeia Inc. and Warner Bros. Discovery, Inc., side by side — 8 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ADEA | WBD |
|---|---|---|
| Revenue | $443.4M | $37.3B |
| Net income | $111.1M | $727.0M |
| Gross margin | · | 44.0% |
| Net margin | 25.1% | 2.0% |
| Return on equity | 25.3% | 2.1% |
| Diluted EPS | $0.99 | $0.29 |
| Dividend / share | $0.20 | · |
| Payout ratio | 19.6% | · |
| Free cash flow | $156.3M | $3.1B |
| Equity | $480.5M | $35.9B |
| Net debt / equity | 0.72× | 0.78× |
| Current ratio | 3.81× | 1.06× |
| Revenue CAGR 5y | −3.0% | 28.4% |
| Profit CAGR 5y | −5.4% | −9.8% |
WBD bills 84.1× the revenue of ADEA, and ADEA keeps more of each dollar of revenue as profit (25.1% against 2.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | ADEA | WBD |
|---|---|---|
| FY2025 | $443.4M | $37.3B |
| FY2024 | $376.0M | $39.3B |
| FY2023 | $388.8M | $41.3B |
| FY2022 | $438.9M | $33.8B |
| FY2021 | $391.2M | $12.2B |
| FY2020 | $515.9M | $10.7B |
| FY2019 | $280.1M | $11.1B |
| FY2018 | $406.1M | $10.6B |
Bottom line
| Fiscal year | ADEA | WBD |
|---|---|---|
| FY2025 | $111.1M | $727.0M |
| FY2024 | $64.6M | $-11.3B |
| FY2023 | $67.4M | $-3.1B |
| FY2022 | $-295.9M | $-7.4B |
| FY2021 | $-55.5M | $1.0B |
| FY2020 | $146.8M | $1.2B |
| FY2019 | $-62.5M | $2.1B |
| FY2018 | $-289,000 | $594.0M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$36,852,614,000 | WBD |
| FY2024 | −$38,944,976,000 | WBD |
| FY2023 | −$40,932,212,000 | WBD |
| FY2022 | −$33,378,067,000 | WBD |
| FY2021 | −$11,799,788,000 | WBD |
| FY2020 | −$10,155,081,000 | WBD |
| FY2019 | −$10,863,933,000 | WBD |
| FY2018 | −$10,146,867,000 | WBD |
WBD has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +23.0 pp | ADEA |
| FY2024 | +46.4 pp | ADEA |
| FY2023 | +24.8 pp | ADEA |
| FY2022 | −46.4 pp | WBD |
| FY2021 | −24.9 pp | WBD |
| FY2020 | +15.2 pp | ADEA |
| FY2019 | −42.7 pp | WBD |
| FY2018 | −6.9 pp | WBD |
The higher net margin has changed hands between ADEA and WBD over this period.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ADEA's net margin has been more volatile than WBD's over the 8 comparable fiscal years — 30.3 percentage points of standard deviation against 16.1.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ADEA and WBD over these 8 fiscal years — ADEA led in 4 and WBD in 4.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ADEA's return on equity has been more volatile than WBD's over the 8 comparable fiscal years — 19.0 percentage points of standard deviation against 17.0.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ADEA and WBD over these 8 fiscal years — ADEA led in 4 and WBD in 4.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.