WBD vs. PARA

Last updated Apr 2, 2026

Compare and contrast key facts about Warner Bros. Discovery, Inc. (WBD) and Paramount Global Class B (PARA).

Performance

WBD vs. PARA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Warner Bros. Discovery, Inc. (WBD) and Paramount Global Class B (PARA). The values are adjusted to include any dividend payments, if applicable.

WBD vs. PARA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WBD Warner Bros. Discovery, Inc.	-4.61%	172.66%	-7.12%	20.04%	-59.73%	-21.77%	-8.09%	32.34%	10.55%	-18.35%
PARA Paramount Global Class B	0.00%	6.45%	-27.96%	-10.43%	-41.80%	-17.17%	-7.58%	-2.34%	-24.86%	-6.17%

Fundamentals

Market Cap WBD : $69.55B PARA : $12.23B
EPS WBD : $1.01 PARA : -$0.65
PS Ratio WBD : 1.84 PARA : 0.37
PB Ratio WBD : 1.94 PARA : 1.05
Total Revenue (TTM) WBD : $37.30B PARA : $28.89B
Gross Profit (TTM) WBD : $16.41B PARA : $8.54B
EBITDA (TTM) WBD : $15.03B PARA : $2.64B

Returns By Period

WBD

• 1D: 0.11%
• 1M: -3.54%
• YTD: -4.61%
• 6M: 42.07%
• 1Y: 169.25%
• 3Y*: 22.10%
• 5Y*: -8.69%
• 10Y*: -0.50%

PARA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

WBD vs. PARA — Risk / Return Rank

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

WBD

WBD Risk / Return Rank: 96
WBD Sharpe Ratio Rank: 96
WBD Sortino Ratio Rank: 96
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.

WBD vs. PARA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Warner Bros. Discovery, Inc. (WBD) and Paramount Global Class B (PARA). 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.

	WBD	PARA	Difference
Sharpe ratio Return per unit of total volatility	2.94	—	—
Sortino ratio Return per unit of downside risk	3.76	—	—
Omega ratio Gain probability vs. loss probability	1.57	—	—
Calmar ratio Return relative to maximum drawdown	5.75	—	—
Martin ratio Return relative to average drawdown	16.30	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WBD	PARA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	—	—

Correlation

The correlation between WBD and PARA is 0.59, 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

WBD vs. PARA - Dividend Comparison

WBD has not paid dividends to shareholders, while PARA's dividend yield for the trailing twelve months is around 0.45%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PARA Paramount Global Class B	0.45%	0.91%	1.91%	2.64%	5.69%	3.18%	2.58%	1.86%	1.65%	1.22%	1.04%	1.27%

Drawdowns

Drawdown Indicators

	WBD	PARA	Difference
Max Drawdown Largest peak-to-trough decline	-92.58%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-27.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-84.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-91.32%	—	—
Current Drawdown Current decline from peak	-69.61%	—	—
Average Drawdown Average peak-to-trough decline	-46.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	9.59%	—	—

Volatility

Volatility by Period

	WBD	PARA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.09%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.32%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.30%	—	—

Financials

WBD vs. PARA - Profitability Comparison

The chart below illustrates the profitability comparison between Warner Bros. Discovery, Inc. and Paramount Global Class B over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

PARA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Paramount Global Class B reported a gross profit of 1.98B and revenue of 8.15B. Therefore, the gross margin over that period was 24.3%.

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%.

PARA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Paramount Global Class B reported an operating income of 207.00M and revenue of 8.15B, resulting in an operating margin of 2.5%.

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%.

PARA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Paramount Global Class B reported a net income of -573.00M and revenue of 8.15B, resulting in a net margin of -7.0%.