Operating Profit Margin
since 2008
Calculation
Warner Bros. Discovery Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 16.50% | = | 100 | × | 2,012) | ÷ | 12,191) |
| Dec 31, 2020 | 23.57% | = | 100 | × | 2,515) | ÷ | 10,671) |
| Dec 31, 2019 | 27.00% | = | 100 | × | 3,009) | ÷ | 11,144) |
| Dec 31, 2018 | 18.33% | = | 100 | × | 1,934) | ÷ | 10,553) |
| Dec 31, 2017 | 10.37% | = | 100 | × | 713) | ÷ | 6,873) |
| Dec 31, 2016 | 31.68% | = | 100 | × | 2,058) | ÷ | 6,497) |
| Dec 31, 2015 | 31.04% | = | 100 | × | 1,985) | ÷ | 6,394) |
| Dec 31, 2014 | 32.90% | = | 100 | × | 2,061) | ÷ | 6,265) |
| Dec 31, 2013 | 36.10% | = | 100 | × | 1,998) | ÷ | 5,535) |
| Dec 31, 2012 | 41.34% | = | 100 | × | 1,855) | ÷ | 4,487) |
| Dec 31, 2011 | 42.48% | = | 100 | × | 1,799) | ÷ | 4,235) |
| Dec 31, 2010 | 36.05% | = | 100 | × | 1,360) | ÷ | 3,773) |
| Dec 31, 2009 | 35.13% | = | 100 | × | 1,235) | ÷ | 3,516) |
| Dec 31, 2008 | 30.70% | = | 100 | × | 1,057) | ÷ | 3,443) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
1 US$ in millions
- Operating Income
- The operating income demonstrated an overall upward trend from 2008 through 2021, starting at 1,057 million US dollars and reaching peaks above 3,000 million US dollars in 2019. There were fluctuations within this period, notably a sharp decline in 2017 to 713 million US dollars, followed by a recovery to 3,009 million in 2019. After 2019, operating income decreased to 2,515 million in 2020 and further to 2,012 million in 2021.
- Revenues
- Revenue exhibited consistent growth throughout the analyzed period, rising steadily from 3,443 million US dollars in 2008 to 12,191 million US dollars in 2021. This represents more than a threefold increase over approximately thirteen years. The growth persisted despite some volatility in operating income, indicating that the company was able to grow its top line continuously.
- Operating Profit Margin
- The operating profit margin showed improvement and resilience over time, starting at 30.7% in 2008 and peaking around 42.48% in 2011. However, there was a downward trend after this peak, with margins decreasing to a low of 10.37% in 2017. This decline coincided with the drop in operating income seen in that year. Following 2017, the margin recovered moderately to 27% in 2019 before declining again to 16.5% in 2021.
- Summary of Trends and Insights
- The data reflect a company experiencing steady revenue growth over the period analyzed, suggesting strong market demand or expansion strategies. Nevertheless, the volatility in operating income and profit margins suggests fluctuating cost control or changes in operational efficiency. The sharp drop in operating income and margin in 2017 indicates a possible significant adverse event or investment in that year, followed by a recovery period. Despite fluctuations, the operating profit margin remained largely positive throughout, signifying maintained profitability. The recent slight decrease in margins and operating income in 2021 might merit further analysis regarding underlying causes, such as market changes or cost pressures.
Comparison to Competitors
Warner Bros. Discovery Inc., operating profit margin, long-term trends, comparison to competitors
| Warner Bros. Discovery Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 16.50% | 30.55% | 17.89% | 39.65% | 20.86% |
| Dec 31, 2020 | 23.57% | 22.59% | 16.89% | 38.01% | 18.34% |
| Dec 31, 2019 | 27.00% | 21.15% | 19.39% | 33.93% | 12.92% |
| Dec 31, 2018 | 18.33% | 19.24% | 20.11% | 44.62% | 10.16% |
| Dec 31, 2017 | 10.37% | 23.59% | 21.28% | 49.70% | 7.17% |
| Dec 31, 2016 | 31.68% | 26.27% | 20.97% | 44.96% | 4.30% |
| Dec 31, 2015 | 31.04% | 25.82% | 21.47% | 34.72% | 4.51% |
| Dec 31, 2014 | 32.90% | 24.99% | 21.67% | 40.06% | 7.31% |
| Dec 31, 2013 | 36.10% | 23.34% | 20.98% | 35.62% | 5.22% |
| Dec 31, 2012 | 41.34% | 25.43% | 19.46% | 10.57% | 1.39% |
| Dec 31, 2011 | 42.48% | 30.98% | 19.20% | — | 11.74% |
| Dec 31, 2010 | 36.05% | 35.40% | 21.03% | — | 13.12% |
| Dec 31, 2009 | 35.13% | 35.15% | 20.18% | — | 11.49% |
| Dec 31, 2008 | 30.70% | 30.43% | 19.65% | — | 8.90% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).