Is the business good?
How good a business is WBTN?
WEBTOON Entertainment Inc. earns −6.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−6.1%
Return on invested capital · cost of capital 9.0% · 15 points below what the capital costs: growth destroys value
- Operating margin
- −3.3%
Operating margin · Internet Content & Information median 6.3% · 12 months to Q1 2026
- Share count, year on year
- +3.1%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 24%
Gross margin
| Year | Operating margin |
|---|---|
| FY2022 | −11% |
| FY2023 | −2.8% |
| FY2024 | −7.5% |
| FY2025 | −4.6% |
Details›
- Gross margin12 months to Q1 2026
- 24%
- Operating margin12 months to Q1 2026
- −3.3%
- Net margin12 months to Q1 2026
- −24%
- Free cash flow margin
- 0.57%
- Revenue, trailing twelve months
- $1.38B
- Free cash flow, trailing twelve months
- $7.8M
- Net income, trailing twelve months
- −$333M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −6.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Internet Content & Information
Ranks #18 of 24 by Smart Score