DIS vs. WBD

Last updated Apr 1, 2026

Compare and contrast key facts about The Walt Disney Company (DIS) and Warner Bros. Discovery, Inc. (WBD).

Performance

DIS vs. WBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Walt Disney Company (DIS) and Warner Bros. Discovery, Inc. (WBD). The values are adjusted to include any dividend payments, if applicable.

DIS vs. WBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIS The Walt Disney Company	-15.29%	3.30%	24.44%	4.26%	-43.91%	-14.51%	25.27%	33.51%	3.61%	4.76%
WBD Warner Bros. Discovery, Inc.	-4.72%	172.66%	-7.12%	20.04%	-59.73%	-21.77%	-8.09%	32.34%	10.55%	-18.35%

Fundamentals

Market Cap DIS : $172.81B WBD : $69.47B
EPS DIS : $6.80 WBD : $1.01
PE Ratio DIS : 14.18 WBD : 27.17
PEG Ratio DIS : 0.19 WBD : 1.05
PS Ratio DIS : 1.82 WBD : 1.84
PB Ratio DIS : 1.59 WBD : 1.93
Total Revenue (TTM) DIS : $95.72B WBD : $37.30B
Gross Profit (TTM) DIS : $35.69B WBD : $16.41B
EBITDA (TTM) DIS : $19.26B WBD : $15.03B

Returns By Period

In the year-to-date period, DIS achieves a -15.29% return, which is significantly lower than WBD's -4.72% return. Over the past 10 years, DIS has outperformed WBD with an annualized return of 0.54%, while WBD has yielded a comparatively lower -0.51% annualized return.

DIS

• 1D: 2.18%
• 1M: -9.11%
• YTD: -15.29%
• 6M: -15.26%
• 1Y: -1.27%
• 3Y*: -0.50%
• 5Y*: -12.19%
• 10Y*: 0.54%

WBD

• 1D: 1.37%
• 1M: -2.52%
• YTD: -4.72%
• 6M: 40.60%
• 1Y: 155.92%
• 3Y*: 22.06%
• 5Y*: -8.71%
• 10Y*: -0.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DIS vs. WBD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIS

DIS Risk / Return Rank: 38
DIS Sharpe Ratio Rank: 40
DIS Sortino Ratio Rank: 35
DIS Omega Ratio Rank: 35
DIS Calmar Ratio Rank: 41
DIS Martin Ratio Rank: 41

WBD

WBD Risk / Return Rank: 96
WBD Sharpe Ratio Rank: 96
WBD Sortino Ratio Rank: 95
WBD Omega Ratio Rank: 96
WBD Calmar Ratio Rank: 95
WBD Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIS vs. WBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Walt Disney Company (DIS) and Warner Bros. Discovery, Inc. (WBD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DIS	WBD	Difference
Sharpe ratio Return per unit of total volatility	-0.04	2.70	-2.74
Sortino ratio Return per unit of downside risk	0.16	3.56	-3.39
Omega ratio Gain probability vs. loss probability	1.02	1.54	-0.51
Calmar ratio Return relative to maximum drawdown	-0.03	5.82	-5.84
Martin ratio Return relative to average drawdown	-0.06	16.50	-16.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIS vs. WBD - Sharpe Ratio Comparison

The current DIS Sharpe Ratio is -0.04, which is lower than the WBD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of DIS and WBD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DIS	WBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	2.70	-2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.42	-0.16	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	-0.01	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.08	+0.26

Correlation

The correlation between DIS and WBD is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DIS vs. WBD - Dividend Comparison

DIS's dividend yield for the trailing twelve months is around 1.30%, while WBD has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIS The Walt Disney Company	1.30%	1.10%	0.85%	0.33%	0.00%	0.00%	0.00%	1.22%	1.57%	1.51%	1.43%	1.30%
WBD Warner Bros. Discovery, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DIS vs. WBD - Drawdown Comparison

The maximum DIS drawdown since its inception was -85.66%, smaller than the maximum WBD drawdown of -92.58%. Use the drawdown chart below to compare losses from any high point for DIS and WBD.

Drawdown Indicators

	DIS	WBD	Difference
Max Drawdown Largest peak-to-trough decline	-85.66%	-92.58%	+6.92%
Max Drawdown (1Y) Largest decline over 1 year	-24.97%	-27.18%	+2.21%
Max Drawdown (5Y) Largest decline over 5 years	-58.19%	-84.54%	+26.35%
Max Drawdown (10Y) Largest decline over 10 years	-60.72%	-91.32%	+30.60%
Current Drawdown Current decline from peak	-51.14%	-69.64%	+18.50%
Average Drawdown Average peak-to-trough decline	-26.71%	-46.34%	+19.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.43%	9.99%	+0.44%

Volatility

DIS vs. WBD - Volatility Comparison

The Walt Disney Company (DIS) has a higher volatility of 5.38% compared to Warner Bros. Discovery, Inc. (WBD) at 3.56%. This indicates that DIS's price experiences larger fluctuations and is considered to be riskier than WBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIS	WBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	3.56%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	19.15%	22.10%	-2.95%
Volatility (1Y) Calculated over the trailing 1-year period	31.09%	58.17%	-27.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.02%	53.32%	-24.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.62%	47.31%	-18.69%

Financials

DIS vs. WBD - Profitability Comparison

The chart below illustrates the profitability comparison between The Walt Disney Company and Warner Bros. Discovery, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DIS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Walt Disney Company reported a gross profit of 9.31B and revenue of 25.98B. Therefore, the gross margin over that period was 35.8%.

WBD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Warner Bros. Discovery, Inc. reported a gross profit of 4.24B and revenue of 9.46B. Therefore, the gross margin over that period was 44.8%.

DIS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Walt Disney Company reported an operating income of 3.88B and revenue of 25.98B, resulting in an operating margin of 14.9%.

WBD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Warner Bros. Discovery, Inc. reported an operating income of 349.00M and revenue of 9.46B, resulting in an operating margin of 3.7%.

DIS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Walt Disney Company reported a net income of 2.40B and revenue of 25.98B, resulting in a net margin of 9.3%.

WBD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Warner Bros. Discovery, Inc. reported a net income of 1.55B and revenue of 9.46B, resulting in a net margin of 16.4%.