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Side-by-side financial comparison of Ameriprise Financial (AMP) and Warner Bros. Discovery (WBD). Click either name above to swap in a different company.
Warner Bros. Discovery is the larger business by last-quarter revenue ($9.5B vs $4.9B, roughly 1.9× Ameriprise Financial). Ameriprise Financial runs the higher net margin — 18.7% vs -2.7%, a 21.4% gap on every dollar of revenue. On growth, Ameriprise Financial posted the faster year-over-year revenue change (9.0% vs -5.7%). Over the past eight quarters, Ameriprise Financial's revenue compounded faster (5.5% CAGR vs -2.5%).
Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-di...
Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
AMP vs WBD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $9.5B |
| Net Profit | $915.0M | $-252.0M |
| Gross Margin | — | — |
| Operating Margin | — | 3.7% |
| Net Margin | 18.7% | -2.7% |
| Revenue YoY | 9.0% | -5.7% |
| Net Profit YoY | 57.0% | 49.0% |
| EPS (diluted) | — | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $4.9B | — | ||
| Q4 25 | $5.0B | $9.5B | ||
| Q3 25 | $4.9B | $9.0B | ||
| Q2 25 | $4.5B | $9.8B | ||
| Q1 25 | $4.5B | $9.0B | ||
| Q4 24 | $4.6B | $10.0B | ||
| Q3 24 | $4.6B | $9.6B | ||
| Q2 24 | $4.4B | $9.7B |
| Q1 26 | $915.0M | — | ||
| Q4 25 | $1.0B | $-252.0M | ||
| Q3 25 | $912.0M | $-148.0M | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $583.0M | $-453.0M | ||
| Q4 24 | $1.1B | $-494.0M | ||
| Q3 24 | $511.0M | $135.0M | ||
| Q2 24 | $829.0M | $-10.0B |
| Q1 26 | — | — | ||
| Q4 25 | 25.6% | 3.7% | ||
| Q3 25 | 24.0% | 6.8% | ||
| Q2 25 | 30.1% | -1.9% | ||
| Q1 25 | 15.3% | -0.4% | ||
| Q4 24 | 29.1% | 1.6% | ||
| Q3 24 | 14.1% | 2.9% | ||
| Q2 24 | 23.9% | -105.1% |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 20.0% | -2.7% | ||
| Q3 25 | 18.6% | -1.6% | ||
| Q2 25 | 23.6% | 16.1% | ||
| Q1 25 | 13.0% | -5.0% | ||
| Q4 24 | 23.0% | -4.9% | ||
| Q3 24 | 11.2% | 1.4% | ||
| Q2 24 | 18.9% | -102.8% |
| Q1 26 | — | — | ||
| Q4 25 | $10.39 | $-0.10 | ||
| Q3 25 | $9.33 | $-0.06 | ||
| Q2 25 | $10.73 | $0.63 | ||
| Q1 25 | $5.83 | $-0.18 | ||
| Q4 24 | $10.57 | $-0.20 | ||
| Q3 24 | $5.00 | $0.05 | ||
| Q2 24 | $8.02 | $-4.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.3B | $4.6B |
| Total DebtLower is stronger | $3.3B | $32.4B |
| Stockholders' EquityBook value | $355.9B | $35.9B |
| Total Assets | $184.4B | $100.1B |
| Debt / EquityLower = less leverage | 0.01× | 0.90× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $8.3B | — | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.6B |
| Q1 26 | $3.3B | — | ||
| Q4 25 | — | $32.4B | ||
| Q3 25 | — | $33.4B | ||
| Q2 25 | — | $34.4B | ||
| Q1 25 | — | $34.6B | ||
| Q4 24 | — | $36.8B | ||
| Q3 24 | — | $37.2B | ||
| Q2 24 | — | $37.3B |
| Q1 26 | $355.9B | — | ||
| Q4 25 | $6.5B | $35.9B | ||
| Q3 25 | $6.5B | $36.0B | ||
| Q2 25 | $6.1B | $36.0B | ||
| Q1 25 | $5.4B | $33.8B | ||
| Q4 24 | $5.2B | $34.0B | ||
| Q3 24 | $5.7B | $35.1B | ||
| Q2 24 | $5.0B | $34.3B |
| Q1 26 | $184.4B | — | ||
| Q4 25 | $190.9B | $100.1B | ||
| Q3 25 | $190.1B | $100.5B | ||
| Q2 25 | $184.9B | $101.7B | ||
| Q1 25 | $179.1B | $101.7B | ||
| Q4 24 | $181.4B | $104.6B | ||
| Q3 24 | $186.0B | $106.3B | ||
| Q2 24 | $179.7B | $108.0B |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | 0.90× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 1.09× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.8B |
| Free Cash FlowOCF − Capex | — | $1.4B |
| FCF MarginFCF / Revenue | — | 14.6% |
| Capex IntensityCapex / Revenue | — | 4.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.2B | $979.0M | ||
| Q2 25 | $1.8B | $983.0M | ||
| Q1 25 | $1.7B | $553.0M | ||
| Q4 24 | $383.0M | $2.7B | ||
| Q3 24 | $3.0B | $847.0M | ||
| Q2 24 | $1.7B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $1.4B | ||
| Q3 25 | $2.2B | $701.0M | ||
| Q2 25 | $1.7B | $702.0M | ||
| Q1 25 | $1.6B | $302.0M | ||
| Q4 24 | $325.0M | $2.4B | ||
| Q3 24 | $3.0B | $632.0M | ||
| Q2 24 | $1.7B | $976.0M |
| Q1 26 | — | — | ||
| Q4 25 | 52.0% | 14.6% | ||
| Q3 25 | 44.1% | 7.8% | ||
| Q2 25 | 38.4% | 7.2% | ||
| Q1 25 | 36.8% | 3.4% | ||
| Q4 24 | 7.0% | 24.2% | ||
| Q3 24 | 65.8% | 6.6% | ||
| Q2 24 | 38.8% | 10.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 4.5% | ||
| Q3 25 | 0.9% | 3.1% | ||
| Q2 25 | 0.8% | 2.9% | ||
| Q1 25 | 0.8% | 2.8% | ||
| Q4 24 | 1.2% | 2.9% | ||
| Q3 24 | 1.1% | 2.2% | ||
| Q2 24 | 0.4% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | — | ||
| Q3 25 | 2.42× | — | ||
| Q2 25 | 1.66× | 0.62× | ||
| Q1 25 | 2.89× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 5.96× | 6.27× | ||
| Q2 24 | 2.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMP
| Management and financial advice fees | $2.9B | 60% |
| Other | $872.0M | 18% |
| Distribution fees | $563.0M | 12% |
| Premiums, policy and contract charges | $341.0M | 7% |
| Other revenues | $166.0M | 3% |
WBD
| Distribution Revenue | $4.8B | 51% |
| Global Linear Networks | $4.2B | 44% |
| Service Other | $307.0M | 3% |
| Related Party | $204.0M | 2% |
| Other | $7.0M | 0% |
