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The Walt Disney Company (DIS) 10-Year Financial Performance & Capital Metrics

DIS • • Industrial / General
Communication ServicesEntertainmentFilm & Television Production & DistributionMajor Film Studios & Content Producers
AboutThe Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+; sale/licensing of film and television content to third-party television and subscription video-on-demand services; theatrical, home entertainment, and music distribution services; staging and licensing of live entertainment events; and post-production services by Industrial Light & Magic and Skywalker Sound. In addition, the company operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney as well as Aulani, a Disney resort and spa in Hawaii; licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; and provides consumer products, which include licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games. Further, it sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California.Show more
  • Revenue $94.42B +3.4%
  • EBITDA $19.16B +13.3%
  • Net Income $12.4B +149.5%
  • EPS (Diluted) 6.85 +151.8%
  • Gross Margin 37.76% +5.6%
  • EBITDA Margin 20.29% +9.7%
  • Operating Margin 14.65% +12.3%
  • Net Margin 13.14% +141.4%
  • ROE 11.27% +147.7%
  • ROIC 6.92% +15.5%
  • Debt/Equity 0.37 -21.9%
  • Interest Coverage 7.63 -7.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.05%
5Y7.63%
3Y4.51%
TTM3.35%

Profit (Net Income) CAGR

10Y4%
5Y-
3Y58%
TTM149.48%

EPS CAGR

10Y3.41%
5Y-
3Y58.51%
TTM153.22%

ROCE

10Y Avg9.55%
5Y Avg5.35%
3Y Avg6.92%
Latest8.51%

Peer Comparison

Major Film Studios & Content Producers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DISThe Walt Disney Company201.7B112.9816.493.35%13.14%10.82%5%0.37
WBDWarner Bros. Discovery, Inc.71.56B28.86-6.25-4.84%1.28%1.3%6.19%1.13
LIONLionsgate Studios Corp.2.62B9.05-21.057%-6.97%

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Oct 2020Oct 2021Oct 2022Sep 2023Sep 2024Sep 2025
Sales/Revenue+55.63B55.14B59.43B69.61B65.39B67.42B82.72B88.9B91.36B94.42B
Revenue Growth %0.06%-0.01%0.08%0.17%-0.06%0.03%0.23%0.07%0.03%0.03%
Cost of Goods Sold+29.99B30.31B32.73B42.06B43.88B45.13B54.4B59.2B58.7B58.77B
COGS % of Revenue0.54%0.55%0.55%0.6%0.67%0.67%0.66%0.67%0.64%0.62%
Gross Profit+25.64B24.83B26.71B27.55B21.51B22.29B28.32B29.7B32.66B35.66B
Gross Margin %0.46%0.45%0.45%0.4%0.33%0.33%0.34%0.33%0.36%0.38%
Gross Profit Growth %0.06%-0.03%0.08%0.03%-0.22%0.04%0.27%0.05%0.1%0.09%
Operating Expenses+11.28B10.96B11.87B15.72B17.71B18.63B21.55B20.7B20.75B21.83B
OpEx % of Revenue0.2%0.2%0.2%0.23%0.27%0.28%0.26%0.23%0.23%0.23%
Selling, General & Admin8.75B8.18B8.86B11.55B12.37B13.52B16.39B15.34B15.76B16.5B
SG&A % of Revenue0.16%0.15%0.15%0.17%0.19%0.2%0.2%0.17%0.17%0.17%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses2.53B2.78B3.01B4.17B5.34B5.11B5.16B5.37B4.99B5.33B
Operating Income+14.36B13.87B14.84B11.83B3.79B3.66B6.77B8.99B11.91B13.83B
Operating Margin %0.26%0.25%0.25%0.17%0.06%0.05%0.08%0.1%0.13%0.15%
Operating Income Growth %0.09%-0.03%0.07%-0.2%-0.68%-0.04%0.85%0.33%0.32%0.16%
EBITDA+16.89B16.66B17.85B16B9.14B8.77B11.93B14.36B16.9B19.16B
EBITDA Margin %0.3%0.3%0.3%0.23%0.14%0.13%0.14%0.16%0.19%0.2%
EBITDA Growth %0.08%-0.01%0.07%-0.1%-0.43%-0.04%0.36%0.2%0.18%0.13%
D&A (Non-Cash Add-back)2.53B2.78B3.01B4.17B5.34B5.11B5.16B5.37B4.99B5.33B
EBIT15.22B14.29B15.3B14.9B-252M3.97B6.83B6.74B9.64B13.81B
Net Interest Income+-260M-385M-574M-978M-1.49B-1.41B-1.4B-1.03B-1.04B-1.57B
Interest Income94M122M108M268M156M140M152M424M406M246M
Interest Expense354M507M706M1.25B1.65B1.55B1.55B1.46B1.45B1.81B
Other Income/Expense510M-85M-108M2.09B-5.54B-1.1B-1.49B-4.22B-4.34B-1.83B
Pretax Income+14.87B13.79B14.73B13.92B-1.74B2.56B5.29B4.77B7.57B12B
Pretax Margin %0.27%0.25%0.25%0.2%-0.03%0.04%0.06%0.05%0.08%0.13%
Income Tax+5.08B4.42B1.66B3.03B699M25M1.73B1.38B1.8B-1.43B
Effective Tax Rate %0.63%0.65%0.86%0.79%1.64%0.78%0.6%0.49%0.66%1.03%
Net Income+9.39B8.98B12.6B11.05B-2.86B2B3.15B2.35B4.97B12.4B
Net Margin %0.17%0.16%0.21%0.16%-0.04%0.03%0.04%0.03%0.05%0.13%
Net Income Growth %0.12%-0.04%0.4%-0.12%-1.26%1.7%0.58%-0.25%1.11%1.49%
Net Income (Continuing)9.79B9.37B13.07B10.9B-2.44B2.54B3.55B3.39B5.77B13.43B
Discontinued Operations000687M-32M-29M-48M000
Minority Interest4.06B4.84B5.18B13.97B13.93B13.67B13.37B13.73B4.83B4.74B
EPS (Diluted)+5.735.698.366.64-1.581.091.721.292.726.85
EPS Growth %0.17%-0.01%0.47%-0.21%-1.24%1.69%0.58%-0.25%1.11%1.52%
EPS (Basic)5.765.738.406.68-1.581.101.731.292.726.88
Diluted Shares Outstanding1.64B1.58B1.51B1.67B1.81B1.83B1.83B1.83B1.83B1.81B
Basic Shares Outstanding1.63B1.57B1.5B1.66B1.81B1.82B1.82B1.83B1.82B1.8B
Dividend Payout Ratio0.25%0.27%0.2%0.26%----0.27%0.15%

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Oct 2020Oct 2021Oct 2022Sep 2023Sep 2024Sep 2025
Total Current Assets+16.97B15.89B16.82B28.12B35.25B33.66B29.1B32.76B25.24B24.27B
Cash & Short-Term Investments4.61B4.02B4.15B5.42B17.91B15.96B11.62B14.18B6B5.7B
Cash Only4.61B4.02B4.15B5.42B17.91B15.96B11.62B14.18B6B5.7B
Short-Term Investments0000000000
Accounts Receivable9.06B8.63B9.33B15.48B12.71B13.37B12.65B12.33B12.73B13.22B
Days Sales Outstanding59.4857.1557.3281.1870.9472.3755.8350.6250.8551.09
Inventory1.39B1.37B1.39B1.65B1.58B1.33B1.74B1.96B2.02B2.13B
Days Inventory Outstanding16.9216.5415.5314.3113.1710.7611.6912.112.5713.25
Other Current Assets244M143M635M979M875M817M1.2B1.29B2.39B3.22B
Total Non-Current Assets+75.07B79.9B81.77B165.86B166.3B169.95B174.53B172.82B170.98B173.25B
Property, Plant & Equipment27.35B28.41B29.54B31.6B32.08B32.62B33.6B34.94B37.04B41.26B
Fixed Asset Turnover2.03x1.94x2.01x2.20x2.04x2.07x2.46x2.54x2.47x2.29x
Goodwill27.81B31.43B31.27B80.29B77.69B78.07B77.9B77.07B73.33B73.29B
Intangible Assets6.95B7B6.81B23.21B19.17B17.11B14.84B13.06B10.74B9.27B
Long-Term Investments4.28B3.2B2.9B3.22B3.9B3.94B3.22B3.08B4.46B8.1B
Other Non-Current Assets2.34B2.39B3.37B4.71B8.43B8.66B36.62B44.67B45.41B41.33B
Total Assets+92.03B95.79B98.6B193.98B201.55B203.61B203.63B205.58B196.22B197.51B
Asset Turnover0.60x0.58x0.60x0.36x0.32x0.33x0.41x0.43x0.47x0.48x
Asset Growth %0.04%0.04%0.03%0.97%0.04%0.01%0%0.01%-0.05%0.01%
Total Current Liabilities+16.84B19.59B17.86B31.52B26.63B31.08B29.07B31.14B34.6B34.16B
Accounts Payable6.86B6.49B6.5B13.78B12.66B16.36B16.2B15.13B14.8B21.2B
Days Payables Outstanding83.4878.1672.53119.56105.33132.29108.7393.2592.01131.69
Short-Term Debt3.69B6.17B3.79B8.86B6.5B6.54B3.72B5.11B7.62B6.71B
Deferred Revenue (Current)0001000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities4.55B5.11B5.38B1.65B857M627M169M2M452M0
Current Ratio1.01x0.81x0.94x0.89x1.32x1.08x1.00x1.05x0.73x0.71x
Quick Ratio0.92x0.74x0.86x0.84x1.26x1.04x0.94x0.99x0.67x0.65x
Cash Conversion Cycle-7.09-4.480.32-24.08-21.23-49.16-41.21-30.52-28.58-67.35
Total Non-Current Liabilities+27.87B30.04B26.78B59.61B77.41B70.31B66.18B61.43B56.1B48.74B
Long-Term Debt16.48B19.12B17.08B38.13B52.92B48.54B45.3B42.1B38.97B35.31B
Capital Lease Obligations00142M02.91B3.23B3.24B3.46B2.93B0
Deferred Tax Liabilities3.68B4.48B3.11B7.9B7.29B7.25B8.36B7.26B6.28B3.52B
Other Non-Current Liabilities7.71B6.44B6.45B13.76B14.29B11.29B9.28B8.61B7.92B9.9B
Total Liabilities44.71B49.64B44.64B91.13B104.04B101.39B95.25B92.57B90.7B82.9B
Total Debt+20.17B25.29B20.87B46.99B62.32B58.31B52.26B50.67B49.52B42.03B
Net Debt15.56B21.27B16.72B41.54B44.41B42.35B40.64B36.49B43.52B36.33B
Debt / Equity0.43x0.55x0.39x0.46x0.64x0.57x0.48x0.45x0.47x0.37x
Debt / EBITDA1.19x1.52x1.17x2.94x6.82x6.65x4.38x3.53x2.93x2.19x
Net Debt / EBITDA0.92x1.28x0.94x2.60x4.86x4.83x3.41x2.54x2.57x1.90x
Interest Coverage40.56x27.36x21.02x9.49x2.30x2.37x4.37x6.17x8.23x7.63x
Total Equity+47.32B46.15B53.95B102.85B97.51B102.22B108.38B113.01B105.52B114.61B
Equity Growth %-0.03%-0.02%0.17%0.91%-0.05%0.05%0.06%0.04%-0.07%0.09%
Book Value per Share28.8729.2535.8061.7453.9355.9259.3261.7657.6363.29
Total Shareholders' Equity43.27B41.31B48.77B88.88B83.58B88.55B95.01B99.28B100.7B109.87B
Common Stock35.86B36.25B36.78B53.91B54.5B55.47B56.4B57.38B58.59B59.81B
Retained Earnings66.09B72.61B82.68B42.49B38.31B40.43B43.64B46.09B49.72B60.41B
Treasury Stock-54.7B-64.01B-67.59B-907M-907M-907M-907M-907M-3.92B-7.44B
Accumulated OCI-3.98B-3.53B-3.1B-6.62B-8.32B-6.44B-4.12B-3.29B-3.7B-2.91B
Minority Interest4.06B4.84B5.18B13.97B13.93B13.67B13.37B13.73B4.83B4.74B

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Oct 2020Oct 2021Oct 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+13.21B12.34B14.29B6.61B7.62B5.57B6.01B9.87B13.97B18.1B
Operating CF Margin %0.24%0.22%0.24%0.09%0.12%0.08%0.07%0.11%0.15%0.19%
Operating CF Growth %0.21%-0.07%0.16%-0.54%0.15%-0.27%0.08%0.64%0.42%0.3%
Net Income9.79B9.37B13.07B10.91B-2.44B2.54B3.55B3.39B5.77B13.43B
Depreciation & Amortization2.53B2.78B3.01B4.16B5.34B5.11B5.16B5.37B4.99B5.33B
Stock-Based Compensation393M364M393M711M525M600M977M1.14B1.37B1.36B
Deferred Taxes1.21B334M-1.57B117M-392M-1.24B200M-1.35B-821M-2.74B
Other Non-Cash Items292M682M758M-3.11B5.23B-3.63B-4.37B1.13B4.28B1.15B
Working Capital Changes-1B-1.19B-1.36B-6.19B-645M2.19B488M177M-1.61B-430M
Change in Receivables-631M-1.02B-2.17B445M1.94B-357M605M358M-565M-283M
Change in Inventory186M-5M-17M-223M14M252M-420M-183M-42M-114M
Change in Payables40M-368M235M191M-2.29B2.41B964M-1.14B156M237M
Cash from Investing+-5.76B-4.11B-5.34B-4.12B-3.64B-3.16B-5.01B-4.64B-6.88B-8.04B
Capital Expenditures-4.77B-3.62B-4.46B-4.88B-4.02B-3.58B-4.94B-4.97B-5.41B-8.02B
CapEx % of Revenue0.09%0.07%0.08%0.07%0.06%0.05%0.06%0.06%0.06%0.08%
Acquisitions----------
Investments----------
Other Investing-180M-71M710M10.66B385M78M-117M-130M-68M75M
Cash from Financing+-6.99B-8.96B-8.84B-1.09B8.48B-4.38B-4.74B-2.72B-15.29B-10.37B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-2.31B-2.44B-2.52B-2.9B-1.59B000-1.37B-1.8B
Share Repurchases----------
Other Financing-607M-849M-378M-1.87B-1.17B-1.12B-851M-993M-9.53B-1.44B
Net Change in Cash----------
Free Cash Flow+8.44B8.72B9.83B1.73B3.6B1.99B1.07B4.9B8.56B10.08B
FCF Margin %0.15%0.16%0.17%0.02%0.05%0.03%0.01%0.06%0.09%0.11%
FCF Growth %0.27%0.03%0.13%-0.82%1.08%-0.45%-0.46%3.59%0.75%0.18%
FCF per Share5.155.536.521.041.991.090.582.684.675.56
FCF Conversion (FCF/Net Income)1.41x1.37x1.13x0.60x-2.66x2.79x1.91x4.19x2.81x1.46x
Interest Paid395M466M631M1.14B1.56B1.89B1.69B2.11B2.13B0
Taxes Paid4.13B3.8B2.5B9.26B738M1.64B1.1B1.19B3.96B0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)19.57%19.21%25.17%14.1%-2.86%2%2.99%2.13%4.55%11.27%
Return on Invested Capital (ROIC)17.28%15.97%16.11%8.25%1.99%1.92%3.46%4.52%5.99%6.92%
Gross Margin46.09%45.04%44.94%39.57%32.89%33.06%34.24%33.41%35.75%37.76%
Net Margin16.88%16.29%21.2%15.88%-4.38%2.96%3.8%2.65%5.44%13.14%
Debt / Equity0.43x0.55x0.39x0.46x0.64x0.57x0.48x0.45x0.47x0.37x
Interest Coverage40.56x27.36x21.02x9.49x2.30x2.37x4.37x6.17x8.23x7.63x
FCF Conversion1.41x1.37x1.13x0.60x-2.66x2.79x1.91x4.19x2.81x1.46x
Revenue Growth6.04%-0.89%7.79%17.12%-6.06%3.1%22.7%7.47%2.77%3.35%

Revenue by Segment

20172019202020212022202320242025
Admission-7.54B4.04B3.85B8.6B10.42B11.17B11.71B
Admission Growth---46.45%-4.71%123.54%21.17%7.18%4.80%
Advertising-10.51B10.86B12.43B13.05B11.52B11.89B11.12B
Advertising Growth--3.33%14.50%4.98%-11.73%3.26%-6.48%
Retail and wholesale sales of merchandise, food and beverage-7.72B4.95B4.96B7.84B8.92B9.2B9.64B
Retail and wholesale sales of merchandise, food and beverage Growth---35.82%0.10%58.12%13.82%3.17%4.76%
Resort and vacations-6.27B3.4B2.7B6.41B7.95B8.38B9.21B
Resort and vacations Growth---45.71%-20.61%137.32%24.01%5.36%9.97%
Other Revenue-3.78B3.14B2.9B3.92B5.05B4.76B4.72B
Other Revenue Growth---16.97%-7.37%34.77%28.99%-5.78%-0.82%
License-3.38B3.24B3.6B3.97B3.13B3.78B3.88B
License Growth---4.08%10.98%10.31%-21.19%20.97%2.51%
Theatrical distribution licensing-4.73B2.13B920M1.88B3.17B2.27B2.59B
Theatrical distribution licensing Growth---54.85%-56.89%103.80%69.28%-28.61%14.39%
Subscription fees-2.24B7.64B12.02B15.29B17.94B20.45B-
Subscription fees Growth--240.69%57.23%27.21%17.30%13.99%-
Affiliate fees-15.92B17.93B17.76B17.52B16.88B16.11B-
Affiliate fees Growth--12.62%-0.94%-1.32%-3.71%-4.55%-
TV/SVOD distribution licensing-5.67B6.44B5.27B3.43B2.99B2.6B-
TV/SVOD distribution licensing Growth--13.73%-18.27%-34.88%-12.74%-13.00%-
Entertainment-1.83B1.61B1.01B820M931M753M-
Entertainment Growth---11.96%-37.10%-19.13%13.54%-19.12%-
Media Networks23.51B-------
Media Networks Growth--------
Parks And Resorts18.41B-------
Parks And Resorts Growth--------
Studio Entertainment8.38B-------
Studio Entertainment Growth--------
Consumer Products and Interactive4.83B-------
Consumer Products and Interactive Growth--------

Revenue by Geography

20172019202020212022202320242025
Americas---54.16B68.22B71.2B72.16B76.43B
Americas Growth----25.96%4.38%1.34%5.91%
Europe6.54B8.01B7.33B6.69B8.68B9.53B10.28B11.09B
Europe Growth-22.40%-8.41%-8.77%29.75%9.83%7.83%7.89%
Asia Pacific5.08B7.8B6.06B6.57B6.85B8.16B8.92B6.91B
Asia Pacific Growth-53.62%-22.23%8.38%4.20%19.18%9.31%-22.59%
United States and Canada-50.55B51.99B-----
United States and Canada Growth--2.84%-----
Latin America1.64B3.21B------
Latin America Growth-95.91%------
United States And Canada41.88B-------
United States And Canada Growth--------

Frequently Asked Questions

Valuation & Price

The Walt Disney Company (DIS) has a price-to-earnings (P/E) ratio of 16.5x. This is roughly in line with market averages.

Growth & Financials

The Walt Disney Company (DIS) reported $94.42B in revenue for fiscal year 2025. This represents a 123% increase from $42.28B in 2012.

The Walt Disney Company (DIS) grew revenue by 3.4% over the past year. Growth has been modest.

Yes, The Walt Disney Company (DIS) is profitable, generating $12.40B in net income for fiscal year 2025 (13.1% net margin).

Dividend & Returns

Yes, The Walt Disney Company (DIS) pays a dividend with a yield of 0.88%. This makes it attractive for income-focused investors.

The Walt Disney Company (DIS) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

The Walt Disney Company (DIS) generated $11.99B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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