Warner Bros Discovery Inc (WBD) - Net Assets
Based on the latest financial reports, Warner Bros Discovery Inc (WBD) has net assets worth $37.17 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($100.08 Billion) and total liabilities ($62.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check WBD asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $37.17 Billion |
| % of Total Assets | 37.13% |
| Annual Growth Rate | 9.23% |
| 5-Year Change | 177.44% |
| 10-Year Change | 586.99% |
| Growth Volatility | 55.57 |
Warner Bros Discovery Inc - Net Assets Trend (2000–2025)
This chart illustrates how Warner Bros Discovery Inc's net assets have evolved over time, based on quarterly financial data. Also explore WBD total asset value for the complete picture of this company's asset base.
Annual Net Assets for Warner Bros Discovery Inc (2000–2025)
The table below shows the annual net assets of Warner Bros Discovery Inc from 2000 to 2025. For live valuation and market cap data, see Warner Bros Discovery Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $37.17 Billion | +6.38% |
| 2024-12-31 | $34.94 Billion | -24.82% |
| 2023-12-31 | $46.47 Billion | -4.51% |
| 2022-12-31 | $48.67 Billion | +263.30% |
| 2021-12-31 | $13.40 Billion | +8.18% |
| 2020-12-31 | $12.38 Billion | +3.48% |
| 2019-12-31 | $11.97 Billion | +13.78% |
| 2018-12-31 | $10.52 Billion | +109.38% |
| 2017-12-31 | $5.02 Billion | -7.15% |
| 2016-12-31 | $5.41 Billion | -4.95% |
| 2015-12-31 | $5.69 Billion | -10.38% |
| 2014-12-31 | $6.35 Billion | +1.89% |
| 2013-12-31 | $6.23 Billion | -0.95% |
| 2012-12-31 | $6.29 Billion | -3.47% |
| 2011-12-31 | $6.52 Billion | +4.59% |
| 2010-12-31 | $6.23 Billion | -0.57% |
| 2009-12-31 | $6.27 Billion | +12.73% |
| 2008-12-31 | $5.56 Billion | +23.72% |
| 2007-12-31 | $4.50 Billion | -1.19% |
| 2006-12-31 | $4.55 Billion | -0.58% |
| 2005-12-31 | $4.58 Billion | +5.25% |
| 2004-12-31 | $4.35 Billion | +2.04% |
| 2003-12-31 | $4.26 Billion | +17.77% |
| 2002-12-31 | $3.62 Billion | +1.09% |
| 2001-12-31 | $3.58 Billion | -12.58% |
| 2000-12-31 | $4.09 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Warner Bros Discovery Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1151200000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $27.00 Million | 0.08% |
| Other Comprehensive Income | $-407.00 Million | -1.13% |
| Other Components | $47.81 Billion | 133.11% |
| Total Equity | $35.92 Billion | 100.00% |
Warner Bros Discovery Inc Competitors by Market Cap
The table below lists competitors of Warner Bros Discovery Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
General Motors Company
NYSE:GM
|
$66.96 Billion |
|
Nippon Telegraph and Telephone Corporation
F:NLV
|
$67.23 Billion |
|
Canadian National Railway Co
TO:CNR
|
$67.31 Billion |
|
Cintas Corporation
NASDAQ:CTAS
|
$67.83 Billion |
|
Schlumberger NV
NYSE:SLB
|
$66.89 Billion |
|
Aon PLC
NYSE:AON
|
$66.82 Billion |
|
NETEASE INC. O.N.
F:4Y01
|
$66.02 Billion |
|
EOG Resources Inc
NYSE:EOG
|
$65.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Warner Bros Discovery Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 34,037,000,000 to 35,919,000,000, a change of 1,882,000,000 (5.5%).
- Net income of 727,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 660,000,000.
- Other factors increased equity by 495,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $727.00 Million | +2.02% |
| Other Comprehensive Income | $660.00 Million | +1.84% |
| Other Changes | $495.00 Million | +1.38% |
| Total Change | $- | 5.53% |
Book Value vs Market Value Analysis
This analysis compares Warner Bros Discovery Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.90x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.69x to 1.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $7.30 | $26.97 | x |
| 2001-12-31 | $6.39 | $26.97 | x |
| 2002-12-31 | $6.45 | $26.97 | x |
| 2003-12-31 | $7.60 | $26.97 | x |
| 2004-12-31 | $7.76 | $26.97 | x |
| 2005-12-31 | $8.16 | $26.97 | x |
| 2006-12-31 | $7.91 | $26.97 | x |
| 2007-12-31 | $8.00 | $26.97 | x |
| 2008-12-31 | $8.60 | $26.97 | x |
| 2009-12-31 | $7.29 | $26.97 | x |
| 2010-12-31 | $7.26 | $26.97 | x |
| 2011-12-31 | $8.05 | $26.97 | x |
| 2012-12-31 | $8.29 | $26.97 | x |
| 2013-12-31 | $8.58 | $26.97 | x |
| 2014-12-31 | $8.15 | $26.97 | x |
| 2015-12-31 | $8.31 | $26.97 | x |
| 2016-12-31 | $8.47 | $26.97 | x |
| 2017-12-31 | $8.00 | $26.97 | x |
| 2018-12-31 | $12.19 | $26.97 | x |
| 2019-12-31 | $13.79 | $26.97 | x |
| 2020-12-31 | $15.46 | $26.97 | x |
| 2021-12-31 | $17.36 | $26.97 | x |
| 2022-12-31 | $24.28 | $26.97 | x |
| 2023-12-31 | $18.57 | $26.97 | x |
| 2024-12-31 | $13.89 | $26.97 | x |
| 2025-12-31 | $14.20 | $26.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Warner Bros Discovery Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.95%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.79x
- Recent ROE (2.02%) is below the historical average (3.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -7.42% | -102.72% | 0.05x | 1.45x | $-713.07 Million |
| 2001 | -17.00% | -102.62% | 0.11x | 1.51x | $-966.10 Million |
| 2002 | -3.57% | -23.97% | 0.10x | 1.49x | $-491.02 Million |
| 2003 | -1.23% | -10.35% | 0.09x | 1.27x | $-478.42 Million |
| 2004 | 1.52% | 10.47% | 0.11x | 1.28x | $-368.62 Million |
| 2005 | 0.73% | 4.79% | 0.12x | 1.27x | $-424.27 Million |
| 2006 | -1.01% | -6.69% | 0.12x | 1.29x | $-500.90 Million |
| 2007 | -1.51% | -89.47% | 0.01x | 1.31x | $-517.50 Million |
| 2008 | 5.73% | 9.21% | 0.33x | 1.89x | $-236.60 Million |
| 2009 | 8.86% | 15.88% | 0.32x | 1.77x | $-70.70 Million |
| 2010 | 10.49% | 17.62% | 0.34x | 1.77x | $30.50 Million |
| 2011 | 17.37% | 27.16% | 0.35x | 1.83x | $480.30 Million |
| 2012 | 14.99% | 21.02% | 0.35x | 2.06x | $313.90 Million |
| 2013 | 17.35% | 19.42% | 0.37x | 2.42x | $455.40 Million |
| 2014 | 20.33% | 18.18% | 0.39x | 2.85x | $578.80 Million |
| 2015 | 18.97% | 16.17% | 0.40x | 2.91x | $488.90 Million |
| 2016 | 23.11% | 18.38% | 0.41x | 3.03x | $677.30 Million |
| 2017 | -7.31% | -4.90% | 0.30x | 4.89x | $-798.00 Million |
| 2018 | 7.08% | 5.63% | 0.32x | 3.88x | $-244.60 Million |
| 2019 | 20.92% | 18.57% | 0.33x | 3.41x | $1.08 Billion |
| 2020 | 11.65% | 11.42% | 0.31x | 3.26x | $172.60 Million |
| 2021 | 8.67% | 8.25% | 0.35x | 2.97x | $-153.90 Million |
| 2022 | -15.65% | -21.80% | 0.25x | 2.85x | $-12.08 Billion |
| 2023 | -6.91% | -7.57% | 0.34x | 2.71x | $-7.65 Billion |
| 2024 | -33.23% | -28.77% | 0.38x | 3.07x | $-14.71 Billion |
| 2025 | 2.02% | 1.95% | 0.37x | 2.79x | $-2.86 Billion |
Industry Comparison
This section compares Warner Bros Discovery Inc's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $21,668,808
- Average return on equity (ROE) among peers: -18.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Warner Bros Discovery Inc (WBD) | $37.17 Billion | -7.42% | 1.69x | $66.91 Billion |
| AI Era Corp. (ABQQD) | $4.02 Million | -54.05% | 0.45x | $772.11K |
| Color Star Technology Co. Ltd. (ADD) | $19.39 Million | 25.51% | 0.98x | $63.13K |
| Alliance Entertainment Holding Corporation Class A Common Stock (AENT) | $52.92 Million | 10.13% | 4.23x | $397.98 Million |
| Allied Gaming & Entertainment Inc. (AGAE) | $140.47 Million | -21.80% | 0.01x | $10.16 Million |
| Passat Société Anonyme (ALXIL) | $20.50 Million | 24.47% | 2.78x | $17.05 Million |
| AMC Entertainment Holdings Inc (AMC) | $-1.76 Billion | 0.00% | 0.00x | $598.39 Million |
| AMC Networks Inc (AMCX) | $1.26 Billion | 17.11% | 2.95x | $267.64 Million |
| Anghami De Inc (ANGH) | $58.64 Million | -108.38% | 1.12x | $33.54 Million |
| Angel Studios, Inc. (ANGX) | $22.00 Million | -62.32% | 0.79x | $349.82 Million |
| Atlanta Braves Holdings, Inc. Series A Common Stock (BATRA) | $400.00 Million | -15.50% | 2.87x | $558.63 Million |
About Warner Bros Discovery Inc
Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Streaming, Studios, and Global Linear Networks. The Streaming segment offers streaming services, such as HBO Max and discovery+, and premium pay-TV services, including HBO and certain premium sports streaming products for mobile and connected TV devices. The Studios segment is… Read more