--- title: "Warner Bros. Discovery: Competitors" description: "Warner Bros. Discovery compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings." canonical: https://www.getswoopr.com/stocks/companies/warner-bros-discovery/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Warner Bros. Discovery: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Warner Bros. Discovery under SIC code 4841 (Cable & Other Pay Television Services). Among Swoopr's S&P 500 Equal Weight companies, 9 others share that classification; by latest reported revenue, Warner Bros. Discovery ranks 3 of 10. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Warner Bros. Discovery Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | [Comcast (CMCSA)](https://www.getswoopr.com/stocks/companies/comcast/) | $124 billion FY2025 | -0.0% | 16.7% | 16.2% | | [Charter Communications (CHTR)](https://www.getswoopr.com/stocks/companies/charter-communications/) | $54.8 billion FY2025 | -0.6% | 23.6% | 9.1% | | **Warner Bros. Discovery (WBD)** | $37.3 billion FY2025 | -5.1% | 2.0% | 1.9% | | [Optimum Communications Inc. (OPTU)](https://www.getswoopr.com/stocks/companies/optimum-communications-inc/) | $8.6 billion FY2025 | -4.1% | -1.3% | -21.3% | | [Roku Inc. (ROKU)](https://www.getswoopr.com/stocks/companies/roku-inc/) | $4.7 billion FY2025 | 15.2% | -0.1% | 1.9% | | [Liberty Latin America Ltd. (LILA)](https://www.getswoopr.com/stocks/companies/liberty-latin-america-ltd/) | $4.4 billion FY2025 | -0.1% | 2.4% | -13.8% | | [AMC Global Media Inc. (AMCX)](https://www.getswoopr.com/stocks/companies/amc-global-media-inc/) | $2.3 billion FY2025 | -4.5% | 5.8% | 4.4% | | [Cable One Inc. (CABO)](https://www.getswoopr.com/stocks/companies/cable-one-inc/) | $1.5 billion FY2025 | -4.9% | -13.8% | -23.8% | | [Liberty Capital Corporation (GLIBA)](https://www.getswoopr.com/stocks/companies/liberty-capital-corporation/) | $1.0 billion FY2025 | 3.0% | -33.2% | -29.5% | | [Paradium.AI Inc. (PAAI)](https://www.getswoopr.com/stocks/companies/paradium-ai-inc/) | $135 million FY2025 | 698.2% | 30.3% | 92.6% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ![Bar chart of operating margin for Warner Bros. Discovery and 7 peers: Comcast (CMCSA) 16.7%, Charter Communications (CHTR) 23.6%, Warner Bros. Discovery (WBD) 2.0%, Optimum Communications Inc. (OPTU) -1.3%, Roku Inc. (ROKU) -0.1%, Liberty Latin America Ltd. (LILA) 2.4%, AMC Global Media Inc. (AMCX) 5.8%, Cable One Inc. (CABO) -13.8%.](https://www.getswoopr.com/images/charts/warner-bros-discovery-competitors-peer-margins.webp) *Operating margin of Warner Bros. Discovery against companies sharing its SEC industry classification, from the table above. Select the chart to open it full size.* ## How Does Warner Bros. Discovery Rank Among All SEC Filers in Its Industry Code? 10 companies with annual reports in Swoopr's SEC dataset share SIC code 4841 (Cable & Other Pay Television Services), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Warner Bros. Discovery | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $37.3 billion | $4.6 billion | 3 of 10 | | Revenue growth | -5.1% | -0.3% | 10 of 10 | | Operating margin | 2.0% | 2.2% | 6 of 10 | | Net margin | 1.9% | 1.9% | 5 of 10 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Warner Bros. Discovery reported in its own SEC filings, read from the SEC's XBRL data (accession 0001437107-26-000020 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Warner Bros. Discovery's competitors? Companies sharing Warner Bros. Discovery's SEC classification (SIC code 4841 (Cable & Other Pay Television Services)) include Comcast (CMCSA), Charter Communications (CHTR), Optimum Communications Inc. (OPTU), Roku Inc. (ROKU), Liberty Latin America Ltd. (LILA). Its 10-K names the competitors it considers most relevant. ### How does Warner Bros. Discovery compare with its peers on margins? Warner Bros. Discovery's fiscal 2025 operating margin was 2.0%, against a peer median of 2.4%. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Warner Bros. Discovery rank among all companies in its SEC industry? Among 10 SEC filers under SIC code 4841, Warner Bros. Discovery ranks 3 by latest revenue, and 6 of 10 by operating margin (2.0% against a median of 2.2%). ## References - [SEC EDGAR: Warner Bros. Discovery, Inc. Form 10-K filed February 27, 2026](https://www.sec.gov/Archives/edgar/data/1437107/000143710726000020/wbd-20251231.htm) - [SEC EDGAR: Warner Bros. Discovery, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1437107&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Warner Bros. Discovery company dossier](https://www.getswoopr.com/stocks/companies/warner-bros-discovery/) - [Warner Bros. Discovery financial metrics](https://www.getswoopr.com/stocks/companies/warner-bros-discovery/metrics/) - [Warner Bros. Discovery financial risk indicators](https://www.getswoopr.com/stocks/companies/warner-bros-discovery/risks/) - [Warner Bros. Discovery peer comparison](https://www.getswoopr.com/stocks/companies/warner-bros-discovery/competitors/) - [Warner Bros. Discovery business model and revenue mix](https://www.getswoopr.com/stocks/companies/warner-bros-discovery/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).