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Cisco Systems vs Warner Bros. Discovery: revenue, profit, margins and growth compared

Cisco Systems brought in $63.3B of revenue in fiscal 2026, Warner Bros. Discovery $37.3B in fiscal 2025. Revenue changed by +11.8% at Cisco Systems and -5.1% at Warner Bros. Discovery on the year before, so Cisco Systems grew faster. Cisco Systems kept 21.0% of its revenue as net profit, Warner Bros. Discovery 1.9%. Free cash flow was $12.8B at Cisco Systems and $3.1B at Warner Bros. Discovery.

Side by side, latest fiscal year

CSCOWBD
Fiscal year endedFY2026 (July 25, 2026)FY2025 (December 31, 2025)
Revenue$63.3B$37.3B
Revenue growth+11.8%-5.1%
Net income$13.3B$727M
Net margin21.0%1.9%
Free cash flow$12.8B$3.1B
Free cash flow margin20.2%8.3%
Earnings per share (diluted)$3.33$0.29
Cash$7.2B$4.6B
Debt$22.9B$32.6B
Price to earnings32.0106.4
Market value$420.6B$77.5B
Dividend yield1.56%n/a
Rank by revenue in sector#5 of 51 · Telecommunications#7 of 51 · Telecommunications

Over the years

Revenue
CSCO FY2019: $51.9BCSCO FY2020: $49.3BCSCO FY2021: $49.8BCSCO FY2022: $51.6BCSCO FY2023: $57BCSCO FY2024: $53.8BCSCO FY2025: $56.7BCSCO FY2026: $63.3BWBD FY2018: $10.6BWBD FY2019: $11.1BWBD FY2020: $10.7BWBD FY2021: $12.2BWBD FY2022: $33.8BWBD FY2023: $41.3BWBD FY2024: $39.3BWBD FY2025: $37.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $63.3BWBD $37.3B
Net income
CSCO FY2019: $11.6BCSCO FY2020: $11.2BCSCO FY2021: $10.6BCSCO FY2022: $11.8BCSCO FY2023: $12.6BCSCO FY2024: $10.3BCSCO FY2025: $10.2BCSCO FY2026: $13.3BWBD FY2018: $594MWBD FY2019: $2.1BWBD FY2020: $1.2BWBD FY2021: $1BWBD FY2022: -$7.4BWBD FY2023: -$3.1BWBD FY2024: -$11.3BWBD FY2025: $727MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $13.3BWBD $727M
Net margin
CSCO FY2019: 22.4%CSCO FY2020: 22.7%CSCO FY2021: 21.3%CSCO FY2022: 22.9%CSCO FY2023: 22.1%CSCO FY2024: 19.2%CSCO FY2025: 18.0%CSCO FY2026: 21.0%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%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO 21.0%WBD 1.9%
Revenue growth
CSCO FY2020: -5.0%CSCO FY2021: +1.0%CSCO FY2022: +3.5%CSCO FY2023: +10.6%CSCO FY2024: -5.6%CSCO FY2025: +5.3%CSCO FY2026: +11.8%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%FY19FY20FY21FY22FY23FY24FY25FY26
CSCO +11.8%WBD -5.1%
Free cash flow
CSCO FY2019: $14.9BCSCO FY2020: $14.7BCSCO FY2021: $14.8BCSCO FY2022: $12.7BCSCO FY2023: $19BCSCO FY2024: $10.2BCSCO FY2025: $13.3BCSCO FY2026: $12.8BWBD FY2018: $2.4BWBD FY2019: $3.1BWBD FY2020: $2.3BWBD FY2021: $2.4BWBD FY2022: $3.3BWBD FY2023: $6.2BWBD FY2024: $4.4BWBD FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CSCO $12.8BWBD $3.1B

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

Questions about Cisco Systems and Warner Bros. Discovery

Which is bigger by revenue, Cisco Systems or Warner Bros. Discovery?

Cisco Systems is bigger by revenue: $63.3B in fiscal 2026, against $37.3B for Warner Bros. Discovery in fiscal 2025.

Which keeps more of its revenue as profit, Cisco Systems or Warner Bros. Discovery?

Cisco Systems had a net margin of 21.0% in fiscal 2026; Warner Bros. Discovery had 1.9% in fiscal 2025.

Which grew revenue faster, Cisco Systems or Warner Bros. Discovery?

In their latest fiscal years revenue changed by +11.8% at Cisco Systems 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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