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Cable One vs Warner Bros. Discovery: revenue, profit, margins and growth compared

Cable One brought in $1.5B of revenue in fiscal 2025, Warner Bros. Discovery $37.3B in fiscal 2025. Revenue changed by -4.9% at Cable One and -5.1% at Warner Bros. Discovery on the year before, so Cable One grew faster. Cable One kept -23.7% of its revenue as net profit, Warner Bros. Discovery 1.9%. Free cash flow was $278.1M at Cable One and $3.1B at Warner Bros. Discovery.

Side by side, latest fiscal year

CABOWBD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.5B$37.3B
Revenue growth-4.9%-5.1%
Net income-$356.5M$727M
Net margin-23.7%1.9%
Free cash flow$278.1M$3.1B
Free cash flow margin18.5%8.3%
Earnings per share (diluted)-$63.21$0.29
Cash$152.8M$4.6B
Debt$3.2B$32.6B
Price to earningsn/a106.4
Market value$83.1M$77.5B
Dividend yield20.14%n/a
Rank by revenue in sector#19 of 51 · Telecommunications#7 of 51 · Telecommunications

Over the years

Revenue
CABO FY2018: $1.1BCABO FY2019: $1.2BCABO FY2020: $1.3BCABO FY2021: $1.6BCABO FY2022: $1.7BCABO FY2023: $1.7BCABO FY2024: $1.6BCABO FY2025: $1.5BWBD FY2018: $10.6BWBD FY2019: $11.1BWBD FY2020: $10.7BWBD FY2021: $12.2BWBD FY2022: $33.8BWBD FY2023: $41.3BWBD FY2024: $39.3BWBD FY2025: $37.3BFY18FY19FY20FY21FY22FY23FY24FY25
CABO $1.5BWBD $37.3B
Net income
CABO FY2018: $164.8MCABO FY2019: $178.6MCABO FY2020: $304.4MCABO FY2021: $291.8MCABO FY2022: $213.1MCABO FY2023: $224.6MCABO FY2024: $14.5MCABO FY2025: -$356.5MWBD FY2018: $594MWBD FY2019: $2.1BWBD FY2020: $1.2BWBD FY2021: $1BWBD FY2022: -$7.4BWBD FY2023: -$3.1BWBD FY2024: -$11.3BWBD FY2025: $727MFY18FY19FY20FY21FY22FY23FY24FY25
CABO -$356.5MWBD $727M
Net margin
CABO FY2018: 15.4%CABO FY2019: 15.3%CABO FY2020: 23.0%CABO FY2021: 18.2%CABO FY2022: 12.5%CABO FY2023: 13.4%CABO FY2024: 0.9%CABO FY2025: -23.7%WBD FY2018: 5.6%WBD FY2019: 18.6%WBD FY2020: 11.4%WBD FY2021: 8.3%WBD FY2022: -21.8%WBD FY2023: -7.6%WBD FY2024: -28.8%WBD FY2025: 1.9%FY18FY19FY20FY21FY22FY23FY24FY25
CABO -23.7%WBD 1.9%
Revenue growth
CABO FY2019: +8.9%CABO FY2020: +13.5%CABO FY2021: +21.2%CABO FY2022: +6.2%CABO FY2023: -1.6%CABO FY2024: -5.9%CABO FY2025: -4.9%WBD FY2019: +5.6%WBD FY2020: -4.2%WBD FY2021: +14.2%WBD FY2022: +177.4%WBD FY2023: +22.2%WBD FY2024: -4.8%WBD FY2025: -5.1%FY19FY20FY21FY22FY23FY24FY25
CABO -4.9%WBD -5.1%
Free cash flow
CABO FY2018: $190MCABO FY2019: $229.4MCABO FY2020: $281.1MCABO FY2021: $312.4MCABO FY2022: $323.9MCABO FY2023: $292.1MCABO FY2024: $377.8MCABO FY2025: $278.1MWBD FY2018: $2.4BWBD FY2019: $3.1BWBD FY2020: $2.3BWBD FY2021: $2.4BWBD FY2022: $3.3BWBD FY2023: $6.2BWBD FY2024: $4.4BWBD FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25
CABO $278.1MWBD $3.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cable One and Warner Bros. Discovery

Which is bigger by revenue, Cable One or Warner Bros. Discovery?

Warner Bros. Discovery is bigger by revenue: $37.3B in fiscal 2025, against $1.5B for Cable One in fiscal 2025.

Which keeps more of its revenue as profit, Cable One or Warner Bros. Discovery?

Cable One had a net margin of -23.7% in fiscal 2025; Warner Bros. Discovery had 1.9% in fiscal 2025.

Which grew revenue faster, Cable One or Warner Bros. Discovery?

In their latest fiscal years revenue changed by -4.9% at Cable One and -5.1% at Warner Bros. Discovery.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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