CMCSA vs WBD
Comcast Corp. and Warner Bros. Discovery, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CMCSA | WBD |
|---|---|---|
| Revenue | $123.7B | $37.3B |
| Net income | $20.0B | $727.0M |
| Gross margin | · | 44.0% |
| Net margin | 15.9% | 2.0% |
| Return on equity | 21.9% | 2.1% |
| Diluted EPS | $5.39 | $0.29 |
| Dividend / share | $1.32 | · |
| Payout ratio | 24.5% | · |
| Free cash flow | $21.9B | $3.1B |
| Equity | $96.9B | $35.9B |
| Net debt / equity | 0.92× | 0.78× |
| Current ratio | 0.88× | 1.06× |
| Revenue CAGR 5y | 3.6% | 28.4% |
| Profit CAGR 5y | 13.7% | −9.8% |
CMCSA bills 3.3× the revenue of WBD, and keeps more of each dollar of revenue as profit (15.9% 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.
10 years side by side
| Fiscal year | CMCSA | WBD |
|---|---|---|
| FY2025 | $123.7B | $37.3B |
| FY2024 | $123.7B | $39.3B |
| FY2023 | $121.6B | $41.3B |
| FY2022 | $121.4B | $33.8B |
| FY2021 | $116.4B | $12.2B |
| FY2020 | $103.6B | $10.7B |
| FY2019 | $108.9B | $11.1B |
| FY2018 | $94.5B | $10.6B |
| FY2017 | $85.0B | $6.9B |
| FY2016 | $80.7B | $6.5B |
Bottom line
| Fiscal year | CMCSA | WBD |
|---|---|---|
| FY2025 | $20.0B | $727.0M |
| FY2024 | $16.2B | $-11.3B |
| FY2023 | $15.4B | $-3.1B |
| FY2022 | $5.4B | $-7.4B |
| FY2021 | $14.2B | $1.0B |
| FY2020 | $10.5B | $1.2B |
| FY2019 | $13.1B | $2.1B |
| FY2018 | $11.7B | $594.0M |
| FY2017 | $22.7B | $-337.0M |
| FY2016 | $8.7B | $1.2B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$86,411,000,000 | CMCSA |
| FY2024 | +$84,410,000,000 | CMCSA |
| FY2023 | +$80,251,000,000 | CMCSA |
| FY2022 | +$87,610,000,000 | CMCSA |
| FY2021 | +$104,194,000,000 | CMCSA |
| FY2020 | +$92,893,000,000 | CMCSA |
| FY2019 | +$97,798,000,000 | CMCSA |
| FY2018 | +$83,954,000,000 | CMCSA |
| FY2017 | +$78,156,000,000 | CMCSA |
| FY2016 | +$74,239,000,000 | CMCSA |
| FY2015 | +$68,116,000,000 | CMCSA |
| FY2014 | +$62,510,000,000 | CMCSA |
| FY2013 | +$59,122,000,000 | CMCSA |
| FY2012 | +$58,083,000,000 | CMCSA |
| FY2011 | +$51,674,000,000 | CMCSA |
| FY2010 | +$34,231,000,000 | CMCSA |
| FY2009 | +$32,298,000,000 | CMCSA |
| FY2008 | +$31,041,000,000 | CMCSA |
| FY2007 | +$30,984,000,000 | CMCSA |
CMCSA has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +13.9 pp | CMCSA |
| FY2024 | +42.0 pp | CMCSA |
| FY2023 | +19.9 pp | CMCSA |
| FY2022 | +25.6 pp | CMCSA |
| FY2021 | +2.1 pp | CMCSA |
| FY2020 | −2.4 pp | WBD |
| FY2019 | −7.6 pp | WBD |
| FY2018 | +6.1 pp | CMCSA |
| FY2017 | +31.5 pp | CMCSA |
| FY2016 | −7.6 pp | WBD |
| FY2015 | −5.1 pp | WBD |
| FY2014 | −5.7 pp | WBD |
| FY2013 | −8.4 pp | WBD |
| FY2012 | −8.5 pp | WBD |
| FY2011 | −17.9 pp | WBD |
| FY2010 | −8.4 pp | WBD |
| FY2009 | −6.2 pp | WBD |
| FY2008 | −5.8 pp | WBD |
| FY2007 | +97.7 pp | CMCSA |
The higher net margin has changed hands between CMCSA and WBD over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WBD's net margin has been more volatile than CMCSA's over the 19 comparable fiscal years — 26.3 percentage points of standard deviation against 4.4.
19 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 CMCSA and WBD over these 19 fiscal years — CMCSA led in 8 and WBD in 11.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WBD's return on equity has been more volatile than CMCSA's over the 19 comparable fiscal years — 14.3 percentage points of standard deviation against 7.0.
19 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 CMCSA and WBD over these 19 fiscal years — CMCSA led in 9 and WBD in 10.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.