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Side-by-side financial comparison of Warner Bros. Discovery (WBD) and WESCO INTERNATIONAL INC (WCC). Click either name above to swap in a different company.
Warner Bros. Discovery is the larger business by last-quarter revenue ($9.5B vs $6.1B, roughly 1.6× WESCO INTERNATIONAL INC). WESCO INTERNATIONAL INC runs the higher net margin — 2.5% vs -2.7%, a 5.2% gap on every dollar of revenue. On growth, WESCO INTERNATIONAL INC posted the faster year-over-year revenue change (13.8% vs -5.7%). Warner Bros. Discovery produced more free cash flow last quarter ($1.4B vs $213.4M). Over the past eight quarters, WESCO INTERNATIONAL INC's revenue compounded faster (5.3% CAGR vs -2.5%).
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.
Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania.
WBD vs WCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.5B | $6.1B |
| Net Profit | $-252.0M | $153.8M |
| Gross Margin | — | 21.2% |
| Operating Margin | 3.7% | 4.8% |
| Net Margin | -2.7% | 2.5% |
| Revenue YoY | -5.7% | 13.8% |
| Net Profit YoY | 49.0% | 47.9% |
| 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 | — | $6.1B | ||
| Q4 25 | $9.5B | $6.1B | ||
| Q3 25 | $9.0B | $6.2B | ||
| Q2 25 | $9.8B | $5.9B | ||
| Q1 25 | $9.0B | $5.3B | ||
| Q4 24 | $10.0B | $5.5B | ||
| Q3 24 | $9.6B | $5.5B | ||
| Q2 24 | $9.7B | $5.5B |
| Q1 26 | — | $153.8M | ||
| Q4 25 | $-252.0M | $159.8M | ||
| Q3 25 | $-148.0M | $187.5M | ||
| Q2 25 | $1.6B | $174.5M | ||
| Q1 25 | $-453.0M | $118.4M | ||
| Q4 24 | $-494.0M | $165.4M | ||
| Q3 24 | $135.0M | $204.3M | ||
| Q2 24 | $-10.0B | $232.1M |
| Q1 26 | — | 21.2% | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 21.9% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 3.7% | 5.3% | ||
| Q3 25 | 6.8% | 5.6% | ||
| Q2 25 | -1.9% | 5.5% | ||
| Q1 25 | -0.4% | 4.5% | ||
| Q4 24 | 1.6% | 5.5% | ||
| Q3 24 | 2.9% | 6.1% | ||
| Q2 24 | -105.1% | 5.9% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | -2.7% | 2.6% | ||
| Q3 25 | -1.6% | 3.0% | ||
| Q2 25 | 16.1% | 3.0% | ||
| Q1 25 | -5.0% | 2.2% | ||
| Q4 24 | -4.9% | 3.0% | ||
| Q3 24 | 1.4% | 3.7% | ||
| Q2 24 | -102.8% | 4.2% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.10 | $3.33 | ||
| Q3 25 | $-0.06 | $3.79 | ||
| Q2 25 | $0.63 | $3.83 | ||
| Q1 25 | $-0.18 | $2.10 | ||
| Q4 24 | $-0.20 | $3.01 | ||
| Q3 24 | $0.05 | $3.81 | ||
| Q2 24 | $-4.07 | $4.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.6B | $696.6M |
| Total DebtLower is stronger | $32.4B | — |
| Stockholders' EquityBook value | $35.9B | $5.1B |
| Total Assets | $100.1B | $17.0B |
| Debt / EquityLower = less leverage | 0.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $696.6M | ||
| 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 | — | — | ||
| 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 | — | $5.1B | ||
| Q4 25 | $35.9B | $5.0B | ||
| Q3 25 | $36.0B | $4.8B | ||
| Q2 25 | $36.0B | $4.8B | ||
| Q1 25 | $33.8B | $5.0B | ||
| Q4 24 | $34.0B | $5.0B | ||
| Q3 24 | $35.1B | $5.0B | ||
| Q2 24 | $34.3B | $4.9B |
| Q1 26 | — | $17.0B | ||
| Q4 25 | $100.1B | $16.5B | ||
| Q3 25 | $100.5B | $16.6B | ||
| Q2 25 | $101.7B | $16.2B | ||
| Q1 25 | $101.7B | $15.5B | ||
| Q4 24 | $104.6B | $15.1B | ||
| Q3 24 | $106.3B | $15.3B | ||
| Q2 24 | $108.0B | $15.1B |
| Q1 26 | — | — | ||
| 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 | $221.4M |
| Free Cash FlowOCF − Capex | $1.4B | $213.4M |
| FCF MarginFCF / Revenue | 14.6% | 3.5% |
| Capex IntensityCapex / Revenue | 4.5% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $3.1B | $231.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $221.4M | ||
| Q4 25 | $1.8B | $71.9M | ||
| Q3 25 | $979.0M | $-82.7M | ||
| Q2 25 | $983.0M | $107.8M | ||
| Q1 25 | $553.0M | $28.0M | ||
| Q4 24 | $2.7B | $276.6M | ||
| Q3 24 | $847.0M | $302.1M | ||
| Q2 24 | $1.2B | $-223.8M |
| Q1 26 | — | $213.4M | ||
| Q4 25 | $1.4B | $27.5M | ||
| Q3 25 | $701.0M | $-95.9M | ||
| Q2 25 | $702.0M | $86.0M | ||
| Q1 25 | $302.0M | $7.6M | ||
| Q4 24 | $2.4B | $252.3M | ||
| Q3 24 | $632.0M | $272.9M | ||
| Q2 24 | $976.0M | $-244.6M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 14.6% | 0.5% | ||
| Q3 25 | 7.8% | -1.5% | ||
| Q2 25 | 7.2% | 1.5% | ||
| Q1 25 | 3.4% | 0.1% | ||
| Q4 24 | 24.2% | 4.6% | ||
| Q3 24 | 6.6% | 5.0% | ||
| Q2 24 | 10.0% | -4.5% |
| Q1 26 | — | 0.4% | ||
| Q4 25 | 4.5% | 0.7% | ||
| Q3 25 | 3.1% | 0.2% | ||
| Q2 25 | 2.9% | 0.4% | ||
| Q1 25 | 2.8% | 0.4% | ||
| Q4 24 | 2.9% | 0.4% | ||
| Q3 24 | 2.2% | 0.5% | ||
| Q2 24 | 2.6% | 0.4% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | -0.44× | ||
| Q2 25 | 0.62× | 0.62× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | 6.27× | 1.48× | ||
| Q2 24 | — | -0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
WCC
| CSS | $2.5B | 41% |
| EES | $2.2B | 37% |
| UBS | $1.4B | 22% |
