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Walt Disney (DIS) Financials

Walt Disney logo
$118.15 +0.50 (+0.42%)
Closing price 08/27/2025 03:59 PM Eastern
Extended Trading
$118.15 +0.00 (+0.00%)
As of 04:35 AM Eastern
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Annual Income Statements for Walt Disney

Annual Income Statements for Walt Disney

This table shows Walt Disney's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/27/2014 10/3/2015 10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021 10/1/2022 9/30/2023 9/28/2024
Net Income / (Loss) Attributable to Common Shareholders		 7,501 8,382 9,391 8,980 12,598 11,054 -2,864 1,995 3,145 2,354 4,972
Consolidated Net Income / (Loss)		 8,004 8,852 9,790 9,366 13,066 11,584 -2,474 2,507 3,505 3,390 5,773
Net Income / (Loss) Continuing Operations		 8,004 8,852 9,790 9,366 13,066 10,897 -2,442 2,536 3,553 3,390 5,773
Total Pre-Tax Income 		12,246 13,868 14,868 13,788 14,729 13,923 -1,743 2,561 5,285 4,769 7,569
Total Operating Income		 11,400 13,171 14,202 13,775 14,804 10,647 -1,941 3,659 6,770 8,992 11,914
Total Gross Profit		 22,393 24,101 25,639 24,831 26,708 27,546 21,508 22,287 28,321 29,697 32,663
Total Revenue		 48,813 52,465 55,632 55,137 59,434 69,607 65,388 67,418 82,722 88,898 91,361
Operating Revenue		 48,813 52,465 55,632 55,137 59,434 69,607 65,388 67,418 82,722 88,898 91,361
Total Cost of Revenue		 26,420 28,364 29,993 30,306 32,726 42,061 43,880 45,131 54,401 59,201 58,698
Operating Cost of Revenue		 26,420 28,364 29,993 30,306 32,726 42,061 43,880 45,131 54,401 59,201 58,698
Total Operating Expenses		 10,993 10,930 11,437 11,056 11,904 16,899 23,449 18,628 21,551 20,705 20,749
Selling, General & Admin Expense		 8,565 8,523 8,754 8,176 8,860 11,549 12,369 13,517 16,388 15,336 15,759
Depreciation Expense		 2,288 2,354 2,527 2,782 3,011 4,167 5,345 5,111 5,163 5,369 4,990
Total Other Income / (Expense), net		 846 697 666 13 -75 3,276 198 -1,098 -1,485 -4,223 -4,345
Interest & Investment Income		 877 697 666 -65 -676 -1,081 -840 -645 -581 -427 -685
Other Income / (Expense), net		 -31 0.00 0.00 78 601 4,357 1,038 -453 -904 -3,796 -3,660
Income Tax Expense		 4,242 5,016 5,078 4,422 1,663 3,026 699 25 1,732 1,379 1,796
Net Income / (Loss) Discontinued Operations		 - - - 0.00 0.00 687 -32 -29 -48 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 503 470 399 386 468 530 390 512 360 1,036 801
Basic Earnings per Share		 $4.31 $4.95 $5.76 $5.73 $8.40 $6.68 ($1.58) $1.10 $1.73 $1.29 $2.72
Weighted Average Basic Shares Outstanding		 1.74B 1.69B 1.63B 1.57B 1.50B 1.66B 1.81B 1.82B 1.82B 1.83B 1.83B
Diluted Earnings per Share		 $4.26 $4.90 $5.73 $5.69 $8.36 $6.64 ($1.58) $1.09 $1.72 $1.29 $2.72
Weighted Average Diluted Shares Outstanding		 1.76B 1.71B 1.64B 1.58B 1.51B 1.67B 1.81B 1.83B 1.83B 1.83B 1.83B
Weighted Average Basic & Diluted Shares Outstanding		 1.74B 1.69B 1.63B 1.57B 1.49B 1.80B 3.62B 3.64B 1.82B 1.83B 1.81B

Quarterly Income Statements for Walt Disney

This table shows Walt Disney's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 12/31/2022 4/1/2023 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,279 1,271 -460 264 1,911 -20 2,621 460 2,554 3,275 5,262
Consolidated Net Income / (Loss)		 1,361 1,488 -153 694 2,151 216 2,842 564 2,644 3,401 5,943
Net Income / (Loss) Continuing Operations		 1,361 1,488 -153 694 2,151 216 2,842 564 2,644 3,401 5,943
Total Pre-Tax Income 		1,773 2,123 -134 1,007 2,871 657 3,093 948 3,660 3,087 3,211
Total Operating Income		 1,993 2,275 2,641 2,083 2,936 2,879 3,354 2,745 4,078 3,506 3,645
Total Gross Profit		 7,126 7,199 7,859 7,513 7,962 7,911 8,446 8,344 9,284 8,811 9,118
Total Revenue		 23,512 21,815 22,330 21,241 23,549 22,083 23,155 22,574 24,690 23,621 23,650
Operating Revenue		 23,512 21,815 22,330 21,241 23,549 22,083 23,155 22,574 24,690 23,621 23,650
Total Cost of Revenue		 16,386 14,616 14,471 13,728 15,587 14,172 14,709 14,230 15,406 14,810 14,532
Operating Cost of Revenue		 16,386 14,616 14,471 13,728 15,587 14,172 14,709 14,230 15,406 14,810 14,532
Total Operating Expenses		 5,133 4,924 5,218 5,430 5,026 5,032 5,092 5,599 5,206 5,305 5,473
Selling, General & Admin Expense		 3,827 3,614 3,874 4,021 3,783 3,790 3,872 4,314 3,930 3,981 4,141
Depreciation Expense		 1,306 1,310 1,344 1,409 1,243 1,242 1,220 1,285 1,276 1,324 1,332
Total Other Income / (Expense), net		 -220 -152 -2,775 -1,076 -65 -2,222 -261 -1,797 -418 -419 -434
Interest & Investment Income		 -109 -149 -114 -55 -65 -170 -196 -254 -275 -310 -249
Other Income / (Expense), net		 -111 -3.00 -2,661 -1,021 0.00 -2,052 -65 -1,543 -143 -109 -185
Income Tax Expense		 412 635 19 313 720 441 251 384 1,016 -314 -2,732
Net Income / (Loss) Attributable to Noncontrolling Interest		 82 217 307 430 240 236 221 104 90 126 681
Basic Earnings per Share		 $0.70 $0.70 ($0.25) $0.14 $1.04 ($0.01) $1.44 $0.25 $1.41 $1.81 $2.92
Weighted Average Basic Shares Outstanding		 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.82B 1.83B 1.81B 1.81B 1.80B
Diluted Earnings per Share		 $0.70 $0.69 ($0.25) $0.15 $1.04 ($0.01) $1.43 $0.26 $1.40 $1.81 $2.92
Weighted Average Diluted Shares Outstanding		 1.83B 1.83B 1.83B 1.83B 1.84B 1.83B 1.83B 1.83B 1.82B 1.81B 1.81B
Weighted Average Basic & Diluted Shares Outstanding		 1.83B 1.83B 1.83B 1.83B 1.83B 1.82B 1.81B 1.81B 1.81B 1.80B 1.80B

Annual Cash Flow Statements for Walt Disney

This table details how cash moves in and out of Walt Disney's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/27/2014 10/3/2015 10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021 10/1/2022 9/30/2023 9/28/2024
Net Change in Cash & Equivalents		 -510 1,037 35 -696 91 674 12,499 -1,951 -4,342 2,574 -8,133
Net Cash From Operating Activities		 9,780 11,385 13,136 12,343 14,295 5,984 7,616 5,566 6,002 9,866 13,971
Net Cash From Continuing Operating Activities		 9,780 11,385 13,136 12,343 14,295 5,984 7,616 5,566 6,002 9,866 13,971
Net Income / (Loss) Continuing Operations		 8,004 8,852 9,790 9,366 13,066 10,897 -2,442 2,536 3,553 3,390 5,773
Consolidated Net Income / (Loss)		 8,004 8,852 9,790 9,366 13,066 10,897 -2,442 2,536 3,553 3,390 5,773
Depreciation Expense		 2,288 2,354 2,527 2,782 3,011 4,167 5,345 5,111 5,163 5,369 4,990
Non-Cash Adjustments To Reconcile Net Income		 -27 257 2,128 543 710 -2,887 4,961 26 3,069 4,184 4,596
Changes in Operating Assets and Liabilities, net		 -485 -78 -1,309 -348 -2,492 -6,193 -248 -2,107 -5,783 -3,077 -1,388
Net Cash From Investing Activities		 -3,345 -4,245 -5,758 -4,111 -5,336 -15,096 -3,850 -3,171 -5,008 -4,641 -6,881
Net Cash From Continuing Investing Activities		 -3,345 -4,245 -5,758 -4,111 -5,336 -15,096 -3,850 -3,171 -5,008 -4,641 -6,881
Purchase of Property, Plant & Equipment		 -3,311 -4,265 -4,773 -3,623 -4,465 -4,876 -4,022 -3,578 -4,943 -4,969 -5,412
Acquisitions		 -402 0.00 -850 -417 -1,581 -9,901 - - 0.00 0.00 -1,506
Sale and/or Maturity of Investments		 - - - - - - - 337 52 458 105
Other Investing Activities, net		 -27 20 -135 -71 710 -319 172 70 -117 -130 -68
Net Cash From Financing Activities		 -6,710 -5,801 -7,220 -8,959 -8,843 -1,090 8,480 -4,385 -4,729 -2,724 -15,288
Net Cash From Continuing Financing Activities		 -6,710 -5,801 -7,220 -8,959 -8,843 -464 8,480 -4,385 -4,729 -2,724 -15,288
Repayment of Debt		 -1,918 -534 -3,732 -3,506 -4,416 -39,752 -8,358 -4,625 -5,136 -2,451 -3,993
Repurchase of Common Equity		 -6,527 -6,095 -7,499 -9,368 -3,577 - - - 0.00 0.00 -2,992
Payment of Dividends		 -1,508 -3,063 -2,313 -2,445 -2,515 -2,895 -1,587 - 0.00 0.00 -1,366
Issuance of Debt		 2,231 2,550 6,065 6,067 1,056 42,558 18,120 64 333 -108 1,664
Issuance of Common Equity		 608 1,012 0.00 17 399 737 - 91 74 735 9.00
Other Financing Activities, net		 404 329 259 276 210 -1,112 305 85 0.00 -900 -8,610
Effect of Exchange Rate Changes		 -235 -302 -123 31 -25 -98 38 30 -603 73 65
Other Net Changes in Cash		 - - - - - 10,974 215 9.00 -4.00 0.00 0.00
Cash Interest Paid		 310 314 395 466 631 1,142 1,559 1,892 1,685 2,110 2,134
Cash Income Taxes Paid		 3,483 4,396 4,133 3,801 2,503 9,259 738 1,638 1,097 1,193 3,963

Quarterly Cash Flow Statements for Walt Disney

This table details how cash moves in and out of Walt Disney's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 12/31/2022 4/1/2023 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025
Net Change in Cash & Equivalents		 -3,145 1,937 1,060 2,722 -6,988 -521 -677 53 -520 376 -481
Net Cash From Operating Activities		 -974 3,236 2,802 4,802 2,185 3,666 2,602 5,518 3,205 6,753 3,669
Net Cash From Continuing Operating Activities		 -974 3,236 2,802 4,802 2,185 3,666 2,602 5,518 3,205 6,753 3,669
Net Income / (Loss) Continuing Operations		 1,361 1,488 -153 694 2,151 216 2,842 564 2,644 3,401 5,943
Consolidated Net Income / (Loss)		 1,361 1,488 -153 694 2,151 216 2,842 564 2,644 3,401 5,943
Depreciation Expense		 1,306 1,310 1,344 1,409 1,243 1,242 1,220 1,285 1,276 1,324 1,332
Non-Cash Adjustments To Reconcile Net Income		 77 172 1,608 2,327 216 2,469 -261 2,172 258 638 -2,634
Changes in Operating Assets and Liabilities, net		 -3,718 266 3.00 372 -1,425 -261 -1,199 1,497 -973 1,390 -972
Net Cash From Investing Activities		 -1,292 -1,249 -718 -1,382 -1,246 -1,307 -2,350 -1,978 -2,575 -1,898 -1,720
Net Cash From Continuing Investing Activities		 -1,292 -1,249 -718 -1,382 -1,246 -1,307 -2,350 -1,978 -2,575 -1,898 -1,720
Purchase of Property, Plant & Equipment		 -1,181 -1,249 -1,165 -1,374 -1,299 -1,259 -1,365 -1,489 -2,466 -1,862 -1,780
Other Investing Activities, net		 -111 - -11 -8.00 53 -48 -80 7.00 -109 -36 158
Net Cash From Financing Activities		 -1,043 -83 -1,001 -597 -8,006 -2,818 -898 -3,566 -997 -4,556 -2,537
Net Cash From Continuing Financing Activities		 -1,043 -83 -1,001 -597 -8,006 -2,818 -898 -3,566 -997 -4,556 -2,537
Repayment of Debt		 -388 -800 -828 -435 -442 -397 667 -3,821 -1,091 -2,829 -1,387
Repurchase of Common Equity		 -900 - - 900 -8,610 -1,001 -1,522 8,141 -794 -991 -1,150
Other Net Changes in Cash		 164 33 -23 -174 79 -62 -31 14 -153 77 107

Annual Balance Sheets for Walt Disney

This table presents Walt Disney's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/27/2014 10/3/2015 10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021 10/1/2022 9/30/2023 9/28/2024
Total Assets		 84,141 88,182 92,033 95,789 98,598 193,984 201,549 203,609 203,631 205,579 196,219
Total Current Assets		 15,169 16,758 16,966 15,889 16,825 28,124 35,251 33,657 29,098 32,763 25,241
Cash & Equivalents		 3,421 4,269 4,610 4,017 4,150 5,418 17,914 15,959 11,615 14,182 6,002
Accounts Receivable		 7,822 8,019 9,065 8,633 9,334 15,481 12,708 13,367 12,652 12,330 12,729
Inventories, net		 2,635 2,741 2,598 2,651 2,706 1,649 1,583 3,514 3,632 1,963 4,119
Other Current Assets		 794 962 693 588 635 5,576 3,046 817 1,199 4,288 2,391
Plant, Property, & Equipment, net		 23,332 25,179 27,349 28,406 29,540 31,603 32,078 32,624 33,596 34,941 37,041
Plant, Property & Equipment, gross		 47,054 50,023 54,198 57,443 60,304 64,018 67,595 70,544 72,952 77,551 82,547
Accumulated Depreciation		 23,722 24,844 26,849 29,037 30,764 32,415 35,517 37,920 39,356 42,610 45,506
Total Noncurrent Assets		 45,640 46,245 47,718 51,494 52,233 134,257 134,220 137,328 140,937 137,875 133,937
Long-Term Investments		 2,696 2,643 4,280 3,202 2,899 3,224 3,903 3,935 3,218 3,080 4,459
Goodwill		 27,881 27,826 27,810 31,426 31,269 80,293 77,689 78,071 77,897 77,067 73,326
Intangible Assets		 12,759 13,355 13,288 14,476 14,700 23,215 19,173 17,115 14,837 13,061 10,739
Other Noncurrent Operating Assets		 2,304 2,421 2,340 2,390 3,365 27,525 33,455 38,207 44,985 44,667 45,413
Total Liabilities & Shareholders' Equity		 84,141 88,182 92,033 95,789 98,598 193,984 201,549 203,609 203,631 205,579 196,219
Total Liabilities		 35,963 39,527 44,710 49,637 44,643 91,132 104,037 101,385 95,253 92,567 90,697
Total Current Liabilities		 13,292 16,334 16,842 19,595 17,860 31,341 26,628 31,077 29,073 31,139 34,599
Short-Term Debt		 2,164 4,563 3,687 6,172 3,790 8,857 5,711 5,866 3,070 4,330 6,845
Accounts Payable		 7,595 7,844 9,130 8,855 9,479 17,762 16,801 20,894 20,213 20,671 21,070
Current Deferred Revenue		 3,533 3,927 4,025 4,568 4,591 4,722 4,116 4,317 5,790 6,138 6,684
Total Noncurrent Liabilities		 22,671 23,193 27,868 30,042 26,783 59,791 77,409 70,308 66,180 61,428 56,098
Long-Term Debt		 12,631 12,773 16,483 19,119 17,084 38,129 52,917 48,540 45,299 42,101 38,970
Noncurrent Deferred & Payable Income Tax Liabilities		 4,098 4,051 3,679 4,480 3,109 7,902 7,288 7,246 8,363 7,258 6,277
Other Noncurrent Operating Liabilities		 5,942 6,369 7,706 6,443 6,590 13,760 17,204 14,522 12,518 12,069 10,851
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 48,178 48,655 47,323 45,004 52,832 93,889 88,263 93,011 98,879 103,957 105,522
Total Preferred & Common Equity		 44,958 44,525 43,265 41,315 48,773 88,877 83,583 88,553 95,008 99,277 100,696
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 44,958 44,525 43,265 41,315 48,773 88,877 83,583 88,553 95,008 99,277 100,696
Common Stock		 34,301 35,122 35,859 36,248 36,779 53,907 54,497 55,471 56,398 57,383 58,592
Retained Earnings		 53,734 59,028 66,088 72,606 82,679 42,494 38,315 40,429 43,636 46,093 49,722
Treasury Stock		 -41,109 -47,204 -54,703 -64,011 -67,588 -907 -907 -907 -907 -907 -3,919
Accumulated Other Comprehensive Income / (Loss)		 -1,968 -2,421 -3,979 -3,528 -3,097 -6,617 -8,322 -6,440 -4,119 -3,292 -3,699
Noncontrolling Interest		 3,220 4,130 4,058 3,689 4,059 5,012 4,680 4,458 3,871 4,680 4,826

Quarterly Balance Sheets for Walt Disney

This table presents Walt Disney's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 12/31/2022 4/1/2023 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025
Total Assets		 202,124 204,858 203,783 205,579 197,774 195,110 197,772 196,219 197,046 195,833 196,612
Total Current Assets		 26,912 28,263 30,174 32,763 25,971 24,636 25,493 25,241 23,667 22,735 23,820
Cash & Equivalents		 8,470 10,399 11,458 14,182 7,192 6,635 5,954 6,002 5,486 5,852 5,367
Accounts Receivable		 13,993 12,770 13,112 12,330 14,115 12,026 12,966 12,729 13,767 12,571 13,402
Inventories, net		 3,130 3,720 4,269 1,963 3,363 3,869 1,984 4,119 3,175 1,999 3,836
Other Current Assets		 1,319 1,374 1,335 4,288 1,301 2,106 4,589 2,391 1,239 2,313 1,215
Plant, Property, & Equipment, net		 34,200 34,579 34,577 34,941 35,321 35,525 36,041 37,041 38,140 39,095 40,185
Plant, Property & Equipment, gross		 74,841 76,031 76,689 77,551 78,896 79,590 80,761 82,547 84,038 86,627 89,032
Accumulated Depreciation		 40,641 41,452 42,112 42,610 43,575 44,065 44,720 45,506 45,898 47,532 48,847
Total Noncurrent Assets		 141,012 142,016 139,032 137,875 136,482 134,949 136,238 133,937 135,239 134,003 132,607
Long-Term Investments		 3,169 3,387 3,062 3,080 3,084 3,007 4,632 4,459 8,902 8,794 8,671
Goodwill		 77,867 77,878 77,881 77,067 77,066 73,914 73,914 73,326 73,312 73,313 73,314
Intangible Assets		 14,347 13,887 13,478 13,061 12,639 11,474 11,107 10,739 10,372 10,006 9,639
Other Noncurrent Operating Assets		 45,629 46,864 44,611 44,667 43,693 46,554 46,585 45,413 42,653 41,890 40,983
Total Liabilities & Shareholders' Equity		 202,124 204,858 203,783 205,579 197,774 195,110 197,772 196,219 197,046 195,833 196,612
Total Liabilities		 93,246 94,488 92,841 92,567 92,273 91,347 92,469 90,697 90,307 87,067 82,856
Total Current Liabilities		 27,070 28,056 28,234 31,139 31,033 32,874 35,612 34,599 34,846 34,029 32,972
Short-Term Debt		 3,249 3,452 2,645 4,330 6,087 6,789 8,060 6,845 6,620 6,446 5,732
Accounts Payable		 18,149 18,591 19,115 20,671 18,676 18,798 20,216 21,070 21,635 20,729 20,500
Current Deferred Revenue		 5,672 6,013 6,474 6,138 6,270 7,287 7,336 6,684 6,591 6,854 6,740
Total Noncurrent Liabilities		 66,176 66,432 64,607 61,428 61,240 58,473 56,857 56,098 55,461 53,038 49,884
Long-Term Debt		 45,128 45,066 44,544 42,101 41,603 39,510 39,524 38,970 38,688 36,443 36,531
Noncurrent Deferred & Payable Income Tax Liabilities		 8,236 8,134 7,304 7,258 7,041 6,860 6,628 6,277 6,336 6,298 3,097
Other Noncurrent Operating Liabilities		 12,812 13,232 12,759 12,069 12,596 12,103 10,705 10,851 10,437 10,297 10,256
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 100,135 101,556 102,056 103,957 105,501 103,763 105,303 105,522 106,739 108,766 113,756
Total Preferred & Common Equity		 96,149 97,859 97,610 99,277 100,721 99,252 100,622 100,696 101,933 104,339 109,145
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 96,149 97,859 97,610 99,277 100,721 99,252 100,622 100,696 101,933 104,339 109,145
Common Stock		 56,579 56,919 57,136 57,383 57,640 58,028 58,252 58,592 58,868 59,199 59,515
Retained Earnings		 44,955 46,236 45,794 46,093 47,490 46,649 49,273 49,722 50,468 53,733 59,109
Treasury Stock		 -907 -907 -907 -907 -907 -1,916 -3,449 -3,919 -4,715 -5,716 -6,430
Accumulated Other Comprehensive Income / (Loss)		 -4,478 -4,389 -4,413 -3,292 -3,502 -3,509 -3,454 -3,699 -2,688 -2,877 -3,049
Noncontrolling Interest		 3,986 3,697 4,446 4,680 4,780 4,511 4,681 4,826 4,806 4,427 4,611

Annual Metrics And Ratios for Walt Disney

This table displays calculated financial ratios and metrics derived from Walt Disney's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/27/2014 10/3/2015 10/1/2016 9/30/2017 9/29/2018 9/28/2019 10/3/2020 10/2/2021 10/1/2022 9/30/2023 9/28/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.37% 7.48% 6.04% -0.89% 7.79% 17.12% -6.06% 3.10% 22.70% 7.47% 2.77%
EBITDA Growth		 20.23% 13.68% 7.76% -0.56% 10.71% 4.10% -76.83% 87.24% 32.61% -4.21% 25.36%
EBIT Growth		 24.02% 15.85% 7.83% -2.46% 11.20% -2.60% -106.02% 455.04% 82.97% -11.42% 58.85%
NOPAT Growth		 16.95% 12.83% 11.23% 0.06% 40.35% -36.55% -116.31% 366.67% 25.61% 40.44% 42.16%
Net Income Growth		 20.61% 10.59% 10.60% -4.33% 39.50% -11.34% -121.36% 201.33% 39.81% -3.28% 70.30%
EPS Growth		 26.04% 15.02% 16.94% -0.70% 46.92% -20.57% -123.80% 168.99% 57.80% -25.00% 110.85%
Operating Cash Flow Growth		 3.47% 16.41% 15.38% -6.04% 15.81% -58.14% 27.27% -26.92% 7.83% 64.38% 41.61%
Free Cash Flow Firm Growth		 617.00% -1.10% 58.92% -61.98% 156.32% -779.61% 108.47% -78.05% -151.78% 1,077.38% 69.67%
Invested Capital Growth		 2.15% 3.91% -0.81% 9.59% 5.54% 108.32% -4.87% 1.80% 3.79% 0.19% -0.92%
Revenue Q/Q Growth		 1.71% 2.19% -0.66% -0.65% 2.64% 7.43% -6.32% 6.02% 1.99% 1.24% 1.48%
EBITDA Q/Q Growth		 1.98% 5.33% -1.06% -1.20% 5.05% 24.28% -28.06% 21.90% -10.14% 5.48% 0.12%
EBIT Q/Q Growth		 2.10% 6.23% -1.83% -1.57% 5.47% 27.52% -204.51% 94.07% -17.98% 9.64% 1.73%
NOPAT Q/Q Growth		 1.36% 1.71% 2.01% -1.08% 4.69% -9.39% 85.63% 124.64% -6.93% 16.62% 4.36%
Net Income Q/Q Growth		 1.04% 1.33% 1.57% -0.29% 4.43% -9.49% -286.56% 54.47% -0.03% 14.92% -2.20%
EPS Q/Q Growth		 2.40% 1.66% 2.87% 0.35% 5.29% -16.27% -68.09% 75.81% 0.00% 4.88% 4.21%
Operating Cash Flow Q/Q Growth		 3.93% 6.54% -2.11% 0.40% 2.02% -29.09% 3.66% 20.97% -1.77% 30.02% 5.40%
Free Cash Flow Firm Q/Q Growth		 62.60% -17.04% 28.52% -61.99% 95.25% -0.98% 196.37% -53.38% -1,568.11% 95.38% 3.74%
Invested Capital Q/Q Growth		 -1.63% 0.80% -2.54% 7.47% 0.56% 0.10% -2.18% 0.29% 0.46% -1.00% -1.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 45.88% 45.94% 46.09% 45.04% 44.94% 39.57% 32.89% 33.06% 34.24% 33.41% 35.75%
EBITDA Margin		 27.98% 29.59% 30.07% 30.17% 30.99% 27.54% 6.79% 12.34% 13.33% 11.88% 14.50%
Operating Margin		 23.35% 25.10% 25.53% 24.98% 24.91% 15.30% -2.97% 5.43% 8.18% 10.12% 13.04%
EBIT Margin		 23.29% 25.10% 25.53% 25.12% 25.92% 21.56% -1.38% 4.76% 7.09% 5.84% 9.03%
Profit (Net Income) Margin		 16.40% 16.87% 17.60% 16.99% 21.98% 16.64% -3.78% 3.72% 4.24% 3.81% 6.32%
Tax Burden Percent		 65.36% 63.83% 65.85% 67.93% 88.71% 83.20% 141.94% 97.89% 66.32% 71.08% 76.27%
Interest Burden Percent		 107.71% 105.29% 104.69% 99.53% 95.61% 92.80% 193.02% 79.88% 90.10% 91.78% 91.70%
Effective Tax Rate		 34.64% 36.17% 34.15% 32.07% 11.29% 21.73% 0.00% 0.98% 32.77% 28.92% 23.73%
Return on Invested Capital (ROIC)		 13.24% 14.50% 15.89% 15.24% 19.90% 7.98% -0.99% 2.67% 3.27% 4.50% 6.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 20.08% 19.16% 19.93% 15.30% 19.48% 20.44% -3.95% -0.46% 0.19% -5.07% -3.85%
Return on Net Nonoperating Assets (RNNOA)		 3.37% 3.78% 4.51% 4.80% 6.21% 6.80% -1.48% -0.16% 0.06% -1.44% -1.14%
Return on Equity (ROE)		 16.62% 18.28% 20.40% 20.04% 26.10% 14.77% -2.47% 2.51% 3.33% 3.06% 5.28%
Cash Return on Invested Capital (CROIC)		 11.12% 10.67% 16.70% 6.08% 14.51% -62.29% 4.00% 0.89% -0.45% 4.31% 7.34%
Operating Return on Assets (OROA)		 13.75% 15.29% 15.76% 14.75% 15.85% 10.26% -0.46% 1.58% 2.88% 2.54% 4.11%
Return on Assets (ROA)		 9.68% 10.27% 10.86% 9.97% 13.44% 7.92% -1.25% 1.24% 1.72% 1.66% 2.87%
Return on Common Equity (ROCE)		 15.59% 16.90% 18.66% 18.13% 23.49% 12.97% -2.13% 2.16% 2.90% 2.69% 4.83%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 19.88% 22.63% 22.67% 26.79% 13.03% -2.96% 2.83% 3.69% 3.41% 5.73%
Net Operating Profit after Tax (NOPAT)		 7,451 8,407 9,351 9,357 13,133 8,333 -1,359 3,623 4,551 6,392 9,087
NOPAT Margin		 15.26% 16.02% 16.81% 16.97% 22.10% 11.97% -2.08% 5.37% 5.50% 7.19% 9.95%
Net Nonoperating Expense Percent (NNEP)		 -6.83% -4.66% -4.04% -0.06% 0.42% -12.46% 2.97% 3.13% 3.08% 9.57% 10.27%
Return On Investment Capital (ROIC_SIMPLE)		 11.83% 12.74% 13.86% 13.31% 17.82% 5.92% -0.93% 2.46% 3.09% 4.25% 6.00%
Cost of Revenue to Revenue		 54.12% 54.06% 53.91% 54.96% 55.06% 60.43% 67.11% 66.94% 65.76% 66.59% 64.25%
SG&A Expenses to Revenue		 17.55% 16.25% 15.74% 14.83% 14.91% 16.59% 18.92% 20.05% 19.81% 17.25% 17.25%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 22.52% 20.83% 20.56% 20.05% 20.03% 24.28% 35.86% 27.63% 26.05% 23.29% 22.71%
Earnings before Interest and Taxes (EBIT)		 11,369 13,171 14,202 13,853 15,405 15,004 -903 3,206 5,866 5,196 8,254
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 13,657 15,525 16,729 16,635 18,416 19,171 4,442 8,317 11,029 10,565 13,244
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.07 3.62 3.24 3.51 3.45 2.59 2.62 3.57 1.79 1.48 1.72
Price to Tangible Book Value (P/TBV)		 31.93 48.14 64.65 0.00 60.06 0.00 0.00 0.00 74.70 16.01 10.42
Price to Revenue (P/Rev)		 2.82 3.07 2.52 2.63 2.83 3.30 3.35 4.69 2.05 1.65 1.90
Price to Earnings (P/E)		 18.38 19.21 14.92 16.15 13.37 20.80 0.00 158.36 54.01 62.23 34.87
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.69% 1.45% 0.00% 0.00% 0.00% 0.78%
Earnings Yield		 5.44% 5.21% 6.70% 6.19% 7.48% 4.81% 0.00% 0.63% 1.85% 1.61% 2.87%
Enterprise Value to Invested Capital (EV/IC)		 2.63 2.97 2.65 2.61 2.77 2.00 2.01 2.66 1.53 1.33 1.52
Enterprise Value to Revenue (EV/Rev)		 3.07 3.35 2.79 3.05 3.15 4.05 4.12 5.40 2.62 2.13 2.34
Enterprise Value to EBITDA (EV/EBITDA)		 10.97 11.31 9.29 10.09 10.18 14.72 60.67 43.78 19.66 17.93 16.12
Enterprise Value to EBIT (EV/EBIT)		 13.18 13.33 10.94 12.12 12.17 18.81 0.00 113.57 36.95 36.45 25.87
Enterprise Value to NOPAT (EV/NOPAT)		 20.10 20.88 16.62 17.94 14.27 33.86 0.00 100.49 47.63 29.63 23.50
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.32 15.42 11.83 13.60 13.11 47.16 35.39 65.42 36.12 19.20 15.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 23.95 28.39 15.82 44.94 19.57 0.00 48.87 300.85 0.00 30.92 20.55
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.31 0.36 0.43 0.55 0.39 0.46 0.60 0.53 0.45 0.41 0.43
Long-Term Debt to Equity		 0.26 0.26 0.35 0.41 0.32 0.37 0.54 0.47 0.42 0.37 0.37
Financial Leverage		 0.17 0.20 0.23 0.31 0.32 0.33 0.38 0.36 0.32 0.28 0.30
Leverage Ratio		 1.72 1.78 1.88 2.01 1.94 1.87 1.97 2.03 1.93 1.85 1.84
Compound Leverage Factor		 1.85 1.87 1.97 2.00 1.86 1.73 3.81 1.62 1.74 1.70 1.69
Debt to Total Capital		 23.49% 26.27% 29.88% 35.40% 27.90% 31.36% 37.55% 34.74% 30.86% 29.12% 30.27%
Short-Term Debt to Total Capital		 3.44% 6.91% 5.46% 8.64% 5.06% 5.91% 3.66% 3.75% 1.96% 2.72% 4.52%
Long-Term Debt to Total Capital		 20.06% 19.36% 24.42% 26.76% 22.83% 25.45% 33.89% 30.99% 28.90% 26.41% 25.75%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 5.11% 6.26% 6.01% 6.77% 6.93% 9.33% 8.92% 8.73% 8.53% 8.61% 3.19%
Common Equity to Total Capital		 71.39% 67.47% 64.10% 57.83% 65.18% 59.32% 53.53% 56.54% 60.61% 62.26% 66.54%
Debt to EBITDA		 1.08 1.12 1.21 1.52 1.13 2.45 13.20 6.54 4.39 4.39 3.46
Net Debt to EBITDA		 0.64 0.67 0.67 1.09 0.75 2.00 8.29 4.15 3.04 2.76 2.67
Long-Term Debt to EBITDA		 0.92 0.82 0.99 1.15 0.93 1.99 11.91 5.84 4.11 3.99 2.94
Debt to NOPAT		 1.99 2.06 2.16 2.70 1.59 5.64 -43.15 15.02 10.63 7.26 5.04
Net Debt to NOPAT		 1.16 1.24 1.21 1.93 1.05 4.60 -27.09 9.53 7.37 4.56 3.89
Long-Term Debt to NOPAT		 1.70 1.52 1.76 2.04 1.30 4.58 -38.95 13.40 9.95 6.59 4.29
Altman Z-Score		 4.25 4.47 4.00 3.82 4.54 2.41 1.89 2.55 1.87 1.79 2.05
Noncontrolling Interest Sharing Ratio		 6.17% 7.59% 8.53% 9.52% 10.01% 12.22% 13.93% 13.82% 12.84% 12.24% 8.49%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.14 1.03 1.01 0.81 0.94 0.90 1.32 1.08 1.00 1.05 0.73
Quick Ratio		 0.85 0.75 0.81 0.65 0.76 0.67 1.15 0.94 0.83 0.85 0.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 6,253 6,184 9,827 3,736 9,577 -65,083 5,514 1,210 -627 6,125 10,392
Operating Cash Flow to CapEx		 295.38% 266.94% 275.21% 340.68% 320.16% 122.72% 189.36% 155.56% 121.42% 198.55% 258.15%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.59 0.61 0.62 0.59 0.61 0.48 0.33 0.33 0.41 0.43 0.45
Accounts Receivable Turnover		 6.60 6.62 6.51 6.23 6.62 5.61 4.64 5.17 6.36 7.12 7.29
Inventory Turnover		 11.11 10.55 11.24 11.55 12.22 19.32 27.15 17.71 15.23 21.16 19.30
Fixed Asset Turnover		 2.14 2.16 2.12 1.98 2.05 2.28 2.05 2.08 2.50 2.59 2.54
Accounts Payable Turnover		 3.67 3.67 3.53 3.37 3.57 3.09 2.54 2.39 2.65 2.90 2.81
Days Sales Outstanding (DSO)		 55.29 55.10 56.04 58.58 55.17 65.06 78.68 70.58 57.40 51.29 50.06
Days Inventory Outstanding (DIO)		 32.85 34.59 32.49 31.61 29.87 18.90 13.44 20.61 23.97 17.25 18.91
Days Payable Outstanding (DPO)		 99.46 99.34 103.28 108.30 102.24 118.20 143.75 152.43 137.90 126.03 129.78
Cash Conversion Cycle (CCC)		 -11.31 -9.64 -14.75 -18.12 -17.20 -34.24 -51.63 -61.23 -56.53 -57.50 -60.81
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 56,856 59,079 58,603 64,224 67,780 141,196 134,323 136,736 141,914 142,181 140,876
Invested Capital Turnover		 0.87 0.91 0.95 0.90 0.90 0.67 0.47 0.50 0.59 0.63 0.65
Increase / (Decrease) in Invested Capital		 1,198 2,223 -476 5,621 3,556 73,416 -6,873 2,413 5,178 267 -1,305
Enterprise Value (EV)		 149,788 175,538 155,425 167,895 187,422 282,192 269,493 364,113 216,777 189,398 213,534
Market Capitalization		 137,890 160,984 140,087 144,986 168,415 229,873 218,753 315,930 169,871 146,494 173,354
Book Value per Share		 $26.19 $26.38 $26.92 $26.77 $32.79 $49.34 $46.25 $48.73 $52.11 $54.26 $55.52
Tangible Book Value per Share		 $2.52 $1.98 $1.35 ($2.97) $1.89 ($8.12) ($7.35) ($3.65) $1.25 $5.00 $9.17
Total Capital		 62,973 65,991 67,493 71,443 74,829 149,838 156,140 156,630 156,747 159,443 151,337
Total Debt		 14,795 17,336 20,170 25,291 20,874 46,986 58,628 54,406 48,369 46,431 45,815
Total Long-Term Debt		 12,631 12,773 16,483 19,119 17,084 38,129 52,917 48,540 45,299 42,101 38,970
Net Debt		 8,678 10,424 11,280 18,072 13,825 38,344 36,811 34,512 33,536 29,169 35,354
Capital Expenditures (CapEx)		 3,311 4,265 4,773 3,623 4,465 4,876 4,022 3,578 4,943 4,969 5,412
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 620 718 -799 -1,551 -1,395 222 -3,580 -7,513 -8,520 -8,228 -8,515
Debt-free Net Working Capital (DFNWC)		 4,041 4,987 3,811 2,466 2,755 5,640 14,334 8,446 3,095 5,954 -2,513
Net Working Capital (NWC)		 1,877 424 124 -3,706 -1,035 -3,217 8,623 2,580 25 1,624 -9,358
Net Nonoperating Expense (NNE)		 -553 -445 -439 -8.83 67 -3,251 1,115 1,116 1,046 3,002 3,314
Net Nonoperating Obligations (NNO)		 8,678 10,424 11,280 18,072 13,825 38,344 36,811 34,512 33,536 29,169 35,354
Total Depreciation and Amortization (D&A)		 2,288 2,354 2,527 2,782 3,011 4,167 5,345 5,111 5,163 5,369 4,990
Debt-free, Cash-free Net Working Capital to Revenue		 1.27% 1.37% -1.44% -2.81% -2.35% 0.32% -5.48% -11.14% -10.30% -9.26% -9.32%
Debt-free Net Working Capital to Revenue		 8.28% 9.51% 6.85% 4.47% 4.64% 8.10% 21.92% 12.53% 3.74% 6.70% -2.75%
Net Working Capital to Revenue		 3.85% 0.81% 0.22% -6.72% -1.74% -4.62% 13.19% 3.83% 0.03% 1.83% -10.24%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.31 $4.95 $5.76 $5.73 $8.40 $6.68 ($1.58) $1.10 $1.73 $1.29 $2.72
Adjusted Weighted Average Basic Shares Outstanding		 1.74B 1.69B 1.63B 1.57B 1.50B 1.66B 1.81B 1.82B 1.82B 1.83B 1.83B
Adjusted Diluted Earnings per Share		 $4.26 $4.90 $5.73 $5.69 $8.36 $6.64 ($1.58) $1.09 $1.72 $1.29 $2.72
Adjusted Weighted Average Diluted Shares Outstanding		 1.76B 1.71B 1.64B 1.58B 1.51B 1.67B 1.81B 1.83B 1.83B 1.83B 1.83B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $6.68 $0.00 $1.10 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.70B 1.65B 1.59B 1.51B 1.49B 1.80B 1.81B 1.82B 1.82B 1.83B 1.81B
Normalized Net Operating Profit after Tax (NOPAT)		 7,543 8,441 9,454 9,424 13,162 9,259 2,656 3,623 4,551 6,392 9,087
Normalized NOPAT Margin		 15.45% 16.09% 16.99% 17.09% 22.15% 13.30% 4.06% 5.37% 5.50% 7.19% 9.95%
Pre Tax Income Margin		 25.09% 26.43% 26.73% 25.01% 24.78% 20.00% -2.67% 3.80% 6.39% 5.36% 8.28%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 18.84% 34.60% 23.63% 26.11% 19.25% 24.99% -64.15% 0.00% 0.00% 0.00% 23.66%
Augmented Payout Ratio		 100.39% 103.46% 100.22% 126.13% 46.62% 24.99% -64.15% 0.00% 0.00% 0.00% 75.49%

Quarterly Metrics And Ratios for Walt Disney

This table displays calculated financial ratios and metrics derived from Walt Disney's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 12/31/2022 4/1/2023 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.76% 13.33% 3.84% 5.41% 0.16% 1.23% 3.69% 6.28% 4.85% 6.96% 2.14%
EBITDA Growth		 0.13% 33.21% -62.64% 28.56% 31.09% -42.24% 240.56% 0.65% 24.69% 128.18% 6.28%
EBIT Growth		 6.93% 82.20% -100.89% 75.54% 56.00% -63.60% 16,545.00% 13.18% 34.03% 310.76% 5.20%
NOPAT Growth		 -2.00% 109.49% 9.13% 172.79% 43.78% -40.64% 66.70% 13.76% 33.93% 308.09% 118.91%
Net Income Growth		 18.14% 149.25% -110.19% 173.23% 58.05% -85.48% 1,957.52% -18.73% 22.92% 1,474.54% 109.11%
EPS Growth		 16.67% 165.38% -132.47% 66.67% 48.57% -101.45% 672.00% 73.33% 34.62% 18,200.00% 104.20%
Operating Cash Flow Growth		 -366.03% 83.34% 45.79% 90.25% 324.33% 13.29% -7.14% 14.91% 46.68% 84.21% 41.01%
Free Cash Flow Firm Growth		 -47.96% -17.00% 84.62% 125.12% 212.55% 237.30% 983.13% 151.43% 67.36% 29.23% 60.90%
Invested Capital Growth		 4.21% 4.08% 1.66% 0.19% -1.85% -3.23% -0.91% -0.92% -3.68% -2.43% -0.22%
Revenue Q/Q Growth		 16.68% -7.22% 2.36% -4.88% 10.87% -6.23% 4.85% -2.51% 9.37% -4.33% 0.12%
EBITDA Q/Q Growth		 65.87% 12.36% -63.04% 86.63% 69.12% -50.49% 117.93% -44.84% 109.53% -9.40% 1.50%
EBIT Q/Q Growth		 211.07% 20.72% -100.88% 5,410.00% 176.46% -71.83% 297.70% -63.45% 227.37% -13.67% 1.85%
NOPAT Q/Q Growth		 190.72% 4.23% 15.94% -22.35% 53.23% -56.97% 225.59% -47.01% 80.39% 31.12% 74.66%
Net Income Q/Q Growth		 435.83% 9.33% -110.28% 553.59% 209.94% -89.96% 1,215.74% -80.15% 368.79% 28.63% 74.74%
EPS Q/Q Growth		 677.78% -1.43% -136.23% 160.00% 593.33% -100.96% 14,400.00% -81.82% 438.46% 29.29% 61.33%
Operating Cash Flow Q/Q Growth		 -138.59% 432.24% -13.41% 71.38% -54.50% 67.78% -29.02% 112.07% -41.92% 110.70% -45.67%
Free Cash Flow Firm Q/Q Growth		 6.40% 5.85% 87.87% 334.98% 319.38% 14.85% -21.97% -33.10% 179.16% -11.32% -2.85%
Invested Capital Q/Q Growth		 2.61% -0.35% -1.03% -1.00% 0.52% -1.75% 1.34% -1.00% -2.28% -0.47% 3.63%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 30.31% 33.00% 35.19% 35.37% 33.81% 35.82% 36.48% 36.96% 37.60% 37.30% 38.55%
EBITDA Margin		 13.56% 16.42% 5.93% 11.63% 17.75% 9.37% 19.47% 11.02% 21.11% 19.99% 20.26%
Operating Margin		 8.48% 10.43% 11.83% 9.81% 12.47% 13.04% 14.49% 12.16% 16.52% 14.84% 15.41%
EBIT Margin		 8.00% 10.41% -0.09% 5.00% 12.47% 3.75% 14.20% 5.32% 15.94% 14.38% 14.63%
Profit (Net Income) Margin		 5.79% 6.82% -0.69% 3.27% 9.13% 0.98% 12.27% 2.50% 10.71% 14.40% 25.13%
Tax Burden Percent		 76.76% 70.09% 114.18% 68.92% 74.92% 32.88% 91.88% 59.49% 72.24% 110.17% 185.08%
Interest Burden Percent		 94.21% 93.44% 670.00% 94.82% 97.79% 79.44% 94.04% 78.87% 93.01% 90.87% 92.80%
Effective Tax Rate		 23.24% 29.91% 0.00% 31.08% 25.08% 67.12% 8.12% 40.51% 27.76% -10.17% -85.08%
Return on Invested Capital (ROIC)		 3.85% 4.47% 5.10% 4.23% 5.76% 2.68% 8.38% 4.67% 7.87% 11.09% 18.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.39% 4.17% -0.78% 1.86% 5.63% 0.63% 7.69% 1.36% 6.98% 9.66% 16.51%
Return on Net Nonoperating Assets (RNNOA)		 1.16% 1.36% -0.24% 0.53% 1.95% 0.21% 2.48% 0.40% 2.25% 2.95% 4.92%
Return on Equity (ROE)		 5.01% 5.83% 4.86% 4.76% 7.70% 2.89% 10.86% 5.07% 10.12% 14.04% 23.89%
Cash Return on Invested Capital (CROIC)		 -0.94% -0.24% 2.20% 4.31% 6.78% 8.16% 7.01% 7.34% 10.72% 11.10% 11.54%
Operating Return on Assets (OROA)		 3.33% 4.45% -0.04% 2.17% 5.55% 1.67% 6.37% 2.42% 7.47% 6.92% 7.01%
Return on Assets (ROA)		 2.41% 2.91% -0.30% 1.42% 4.06% 0.44% 5.50% 1.14% 5.02% 6.93% 12.05%
Return on Common Equity (ROCE)		 4.39% 5.13% 4.26% 4.18% 7.08% 2.66% 9.96% 4.64% 9.66% 13.45% 22.87%
Return on Equity Simple (ROE_SIMPLE)		 3.86% 4.71% 3.02% 0.00% 4.15% 2.93% 5.87% 0.00% 6.15% 9.06% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,530 1,595 1,849 1,436 2,200 947 3,082 1,633 2,946 3,863 6,746
NOPAT Margin		 6.51% 7.31% 8.28% 6.76% 9.34% 4.29% 13.31% 7.23% 11.93% 16.35% 28.53%
Net Nonoperating Expense Percent (NNEP)		 0.46% 0.30% 5.88% 2.37% 0.13% 2.05% 0.69% 3.31% 0.88% 1.42% 2.46%
Return On Investment Capital (ROIC_SIMPLE)		 1.03% 1.06% 1.24% 0.95% 1.44% 0.63% 2.02% 1.08% 1.94% 2.55% 4.32%
Cost of Revenue to Revenue		 69.69% 67.00% 64.81% 64.63% 66.19% 64.18% 63.52% 63.04% 62.40% 62.70% 61.45%
SG&A Expenses to Revenue		 16.28% 16.57% 17.35% 18.93% 16.06% 17.16% 16.72% 19.11% 15.92% 16.85% 17.51%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 21.83% 22.57% 23.37% 25.56% 21.34% 22.79% 21.99% 24.80% 21.09% 22.46% 23.14%
Earnings before Interest and Taxes (EBIT)		 1,882 2,272 -20 1,062 2,936 827 3,289 1,202 3,935 3,397 3,460
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,188 3,582 1,324 2,471 4,179 2,069 4,509 2,487 5,211 4,721 4,792
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.63 1.85 1.65 1.48 1.63 2.24 1.78 1.72 1.98 1.70 2.02
Price to Tangible Book Value (P/TBV)		 39.77 29.65 25.78 16.01 14.86 16.04 11.50 10.42 11.07 8.43 8.40
Price to Revenue (P/Rev)		 1.85 2.08 1.84 1.65 1.84 2.49 1.99 1.90 2.18 1.89 2.33
Price to Earnings (P/E)		 47.14 43.85 71.56 62.23 54.83 131.23 37.56 34.87 35.98 19.90 19.04
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.34% 0.25% 0.30% 0.78% 0.85% 0.97% 1.19%
Earnings Yield		 2.12% 2.28% 1.40% 1.61% 1.82% 0.76% 2.66% 2.87% 2.78% 5.03% 5.25%
Enterprise Value to Invested Capital (EV/IC)		 1.41 1.57 1.44 1.33 1.44 1.88 1.55 1.52 1.73 1.53 1.78
Enterprise Value to Revenue (EV/Rev)		 2.44 2.62 2.36 2.13 2.32 2.96 2.46 2.34 2.57 2.23 2.67
Enterprise Value to EBITDA (EV/EBITDA)		 18.41 18.63 20.68 17.93 17.82 26.25 16.71 16.12 16.65 12.40 14.69
Enterprise Value to EBIT (EV/EBIT)		 34.40 32.50 43.71 36.45 32.95 54.86 27.24 25.87 25.69 17.76 21.07
Enterprise Value to NOPAT (EV/NOPAT)		 45.35 42.53 37.80 29.63 29.09 37.85 25.39 23.50 24.29 17.52 15.72
Enterprise Value to Operating Cash Flow (EV/OCF)		 39.33 33.98 27.30 19.20 15.81 19.59 16.68 15.28 15.86 11.61 13.20
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 66.08 30.92 21.06 22.63 22.07 20.55 15.80 13.64 15.41
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.44 0.44 0.43 0.41 0.45 0.45 0.45 0.43 0.42 0.39 0.37
Long-Term Debt to Equity		 0.41 0.41 0.40 0.37 0.39 0.38 0.38 0.37 0.36 0.34 0.32
Financial Leverage		 0.34 0.33 0.31 0.28 0.35 0.33 0.32 0.30 0.32 0.31 0.30
Leverage Ratio		 1.91 1.90 1.88 1.85 1.87 1.87 1.86 1.84 1.86 1.84 1.80
Compound Leverage Factor		 1.80 1.78 12.60 1.75 1.82 1.48 1.75 1.45 1.73 1.67 1.67
Debt to Total Capital		 30.76% 30.54% 29.84% 29.12% 31.13% 30.85% 31.12% 30.27% 29.80% 28.28% 27.09%
Short-Term Debt to Total Capital		 2.07% 2.17% 1.67% 2.72% 3.97% 4.52% 5.27% 4.52% 4.35% 4.25% 3.67%
Long-Term Debt to Total Capital		 28.70% 28.36% 28.17% 26.41% 27.16% 26.33% 25.85% 25.75% 25.44% 24.03% 23.41%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 8.09% 7.87% 8.43% 8.61% 3.12% 3.01% 3.06% 3.19% 3.16% 2.92% 2.96%
Common Equity to Total Capital		 61.14% 61.59% 61.73% 62.26% 65.75% 66.14% 65.81% 66.54% 67.04% 68.80% 69.96%
Debt to EBITDA		 4.32 3.97 4.71 4.39 4.13 4.61 3.60 3.46 3.17 2.53 2.46
Net Debt to EBITDA		 3.28 2.84 3.26 2.76 3.24 3.65 2.80 2.67 2.17 1.67 1.64
Long-Term Debt to EBITDA		 4.03 3.68 4.45 3.99 3.60 3.93 2.99 2.94 2.71 2.15 2.12
Debt to NOPAT		 10.65 9.05 8.61 7.26 6.74 6.65 5.46 5.04 4.63 3.58 2.63
Net Debt to NOPAT		 8.09 6.48 5.96 4.56 5.29 5.26 4.25 3.89 3.16 2.36 1.76
Long-Term Debt to NOPAT		 9.94 8.41 8.13 6.59 5.88 5.67 4.54 4.29 3.95 3.04 2.27
Altman Z-Score		 1.77 1.93 1.80 1.72 1.87 2.22 1.96 1.93 2.17 2.07 2.50
Noncontrolling Interest Sharing Ratio		 12.45% 12.08% 12.31% 12.24% 8.17% 7.95% 8.33% 8.49% 4.52% 4.21% 4.24%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.99 1.01 1.07 1.05 0.84 0.75 0.72 0.73 0.68 0.67 0.72
Quick Ratio		 0.83 0.83 0.87 0.85 0.69 0.57 0.53 0.54 0.55 0.54 0.57
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4,354 -4,099 -497 1,169 4,901 5,629 4,392 2,938 8,202 7,274 7,066
Operating Cash Flow to CapEx		 -82.47% 259.09% 240.52% 349.49% 168.21% 291.18% 190.62% 370.58% 129.97% 362.67% 206.12%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.43 0.43 0.43 0.44 0.45 0.45 0.45 0.47 0.48 0.48
Accounts Receivable Turnover		 5.85 6.56 6.55 7.12 6.33 7.20 6.90 7.29 6.64 7.65 7.17
Inventory Turnover		 25.13 22.63 20.15 21.16 17.99 15.27 18.61 19.30 17.90 20.16 20.27
Fixed Asset Turnover		 2.52 2.58 2.58 2.59 2.56 2.54 2.55 2.54 2.52 2.52 2.48
Accounts Payable Turnover		 3.05 3.04 2.95 2.90 3.17 3.10 2.96 2.81 2.90 2.99 2.90
Days Sales Outstanding (DSO)		 62.43 55.63 55.70 51.29 57.68 50.73 52.86 50.06 55.01 47.73 50.90
Days Inventory Outstanding (DIO)		 14.53 16.13 18.11 17.25 20.29 23.90 19.61 18.91 20.39 18.10 18.01
Days Payable Outstanding (DPO)		 119.65 119.89 123.58 126.03 115.07 117.73 123.34 129.78 125.72 121.95 125.99
Cash Conversion Cycle (CCC)		 -42.69 -48.12 -49.77 -57.50 -37.10 -43.11 -50.87 -60.81 -50.32 -56.11 -57.08
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 145,616 145,102 143,611 142,181 142,915 140,420 142,301 140,876 137,659 137,009 141,981
Invested Capital Turnover		 0.59 0.61 0.62 0.63 0.62 0.62 0.63 0.65 0.66 0.68 0.67
Increase / (Decrease) in Invested Capital		 5,884 5,694 2,346 267 -2,701 -4,682 -1,310 -1,305 -5,256 -3,411 -320
Enterprise Value (EV)		 205,967 227,929 207,152 189,398 205,921 263,597 221,063 213,534 237,736 209,960 252,772
Market Capitalization		 156,500 180,686 161,151 146,494 163,727 222,429 179,384 173,354 202,010 177,290 219,936
Book Value per Share		 $52.73 $53.57 $53.42 $54.26 $54.98 $54.11 $55.19 $55.52 $56.29 $57.72 $60.71
Tangible Book Value per Share		 $2.16 $3.34 $3.42 $5.00 $6.01 $7.56 $8.56 $9.17 $10.08 $11.63 $14.57
Total Capital		 157,255 158,888 158,131 159,443 153,191 150,062 152,887 151,337 152,047 151,655 156,019
Total Debt		 48,377 48,518 47,189 46,431 47,690 46,299 47,584 45,815 45,308 42,889 42,263
Total Long-Term Debt		 45,128 45,066 44,544 42,101 41,603 39,510 39,524 38,970 38,688 36,443 36,531
Net Debt		 36,738 34,732 32,669 29,169 37,414 36,657 36,998 35,354 30,920 28,243 28,225
Capital Expenditures (CapEx)		 1,181 1,249 1,165 1,374 1,299 1,259 1,365 1,489 2,466 1,862 1,780
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5,379 -6,740 -6,873 -8,228 -6,167 -8,084 -8,013 -8,515 -10,045 -10,700 -8,787
Debt-free Net Working Capital (DFNWC)		 3,091 3,659 4,585 5,954 1,025 -1,449 -2,059 -2,513 -4,559 -4,848 -3,420
Net Working Capital (NWC)		 -158 207 1,940 1,624 -5,062 -8,238 -10,119 -9,358 -11,179 -11,294 -9,152
Net Nonoperating Expense (NNE)		 169 107 2,002 742 49 731 240 1,069 302 462 803
Net Nonoperating Obligations (NNO)		 36,738 34,732 32,669 29,169 37,414 36,657 36,998 35,354 30,920 28,243 28,225
Total Depreciation and Amortization (D&A)		 1,306 1,310 1,344 1,409 1,243 1,242 1,220 1,285 1,276 1,324 1,332
Debt-free, Cash-free Net Working Capital to Revenue		 -6.37% -7.75% -7.83% -9.26% -6.93% -9.06% -8.90% -9.32% -10.86% -11.38% -9.30%
Debt-free Net Working Capital to Revenue		 3.66% 4.21% 5.22% 6.70% 1.15% -1.62% -2.29% -2.75% -4.93% -5.16% -3.62%
Net Working Capital to Revenue		 -0.19% 0.24% 2.21% 1.83% -5.69% -9.24% -11.24% -10.24% -12.09% -12.01% -9.68%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.70 $0.70 ($0.25) $0.14 $1.04 ($0.01) $1.44 $0.25 $1.41 $1.81 $2.92
Adjusted Weighted Average Basic Shares Outstanding		 1.83B 1.83B 1.83B 1.83B 1.83B 1.83B 1.82B 1.83B 1.81B 1.81B 1.80B
Adjusted Diluted Earnings per Share		 $0.70 $0.69 ($0.25) $0.15 $1.04 ($0.01) $1.43 $0.26 $1.40 $1.81 $2.92
Adjusted Weighted Average Diluted Shares Outstanding		 1.83B 1.83B 1.83B 1.83B 1.84B 1.83B 1.83B 1.83B 1.82B 1.81B 1.81B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.83B 1.83B 1.83B 1.83B 1.83B 1.82B 1.81B 1.81B 1.81B 1.80B 1.80B
Normalized Net Operating Profit after Tax (NOPAT)		 1,530 1,595 1,849 1,436 2,200 2,015 3,082 1,633 2,946 2,454 2,552
Normalized NOPAT Margin		 6.51% 7.31% 8.28% 6.76% 9.34% 9.13% 13.31% 7.23% 11.93% 10.39% 10.79%
Pre Tax Income Margin		 7.54% 9.73% -0.60% 4.74% 12.19% 2.98% 13.36% 4.20% 14.82% 13.07% 13.58%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 18.88% 9.30% 23.66% 0.00% 18.22% 13.72%
Augmented Payout Ratio		 24.23% 19.54% 30.51% 0.00% 184.45% 318.43% 182.65% 75.49% -76.99% -32.93% -27.76%

Key Financial Trends

Walt Disney (NYSE: DIS) has shown a consistent trajectory of revenue growth and improving profitability over the last several quarters from Q3 2022 through Q3 2025. The company's financials reveal several positive trends alongside some neutral and negative factors that retail investors should be aware of.

  • Revenue Growth: Operating revenue increased from approximately $21.5 billion in Q3 2022 to $23.65 billion in Q3 2025, showing steady top-line growth.
  • Net Income Improvement: Net income improved significantly from a loss of $153 million in Q3 2023 to a profit of $5.94 billion in Q3 2025, indicating strong operational leverage and profitability enhancements.
  • Gross Profit Growth: Gross profit grew from about $7.85 billion in Q3 2023 to $9.12 billion in Q3 2025, reflecting effective cost management relative to revenue growth.
  • Operating Efficiency: Total operating expenses have been controlled proportionally to revenue growth, with operating expenses around $5.47 billion in Q3 2025, allowing operating income to rise to $3.64 billion in the same quarter.
  • Strong Cash Flow from Operations: Net cash from operating activities increased to $3.67 billion in Q3 2025 from $2.6 billion in Q3 2023, illustrating robust cash generation from core operations.
  • Decreasing Debt Levels: Total debt (sum of short-term and long-term) declined from over $47 billion in Q3 2023 to about $42.9 billion in Q3 2025, indicating active debt management and potential reduction in leverage risk.
  • Shareholder Returns: The company has been regularly repurchasing common equity, with $1.15 billion spent in Q3 2025, suggesting confidence in the business and a commitment to return capital to shareholders.
  • Capital Expenditures: Disney continues to invest significantly in property, plant & equipment with purchases of $1.78 billion in Q3 2025, consistent with past investments. This is expected for a content and theme park company but increases cash outflows.
  • Fluctuations in Cash and Equivalents: Cash levels have slightly decreased to $5.37 billion in Q3 2025, down from around $11.46 billion in Q4 2023, reflecting ongoing investment and share repurchases, though still maintaining healthy liquidity.
  • Other Income/Expense Volatility: The company experienced sizable negative other income/expense impacts in several quarters, including -$434 million in Q3 2025 and significant prior quarters, which could reflect currency exchange, interest expenses, or other financial factors that may impact net income unpredictably.

Summary: Over the past few years, Walt Disney has demonstrated solid revenue and profit growth alongside prudent management of debt and strong operating cash flows. Consistent investment in assets and shareholder return programs emphasize management’s confidence. However, investors should be attentive to non-operating expense volatility and continued capital expenditures which could impact near-term cash flows.

This financial momentum suggests a positive outlook for Disney, but as always, investors should consider broader market conditions and company-specific initiatives in content creation and park operations when making investment decisions.

08/28/25 04:51 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Walt Disney's Financials

When does Walt Disney's financial year end?

According to the most recent income statement we have on file, Walt Disney's fiscal year ends in September. Their fiscal year 2024 ended on September 28, 2024.

How has Walt Disney's net income changed over the last 10 years?

Walt Disney's net income appears to be on a downward trend, with a most recent value of $5.77 billion in 2024, falling from $8.00 billion in 2014. The previous period was $3.39 billion in 2023. Check out Walt Disney's forecast to explore projected trends and price targets.

What is Walt Disney's operating income?
Walt Disney's total operating income in 2024 was $11.91 billion, based on the following breakdown:
  • Total Gross Profit: $32.66 billion
  • Total Operating Expenses: $20.75 billion
How has Walt Disney's revenue changed over the last 10 years?

Over the last 10 years, Walt Disney's total revenue changed from $48.81 billion in 2014 to $91.36 billion in 2024, a change of 87.2%.

How much debt does Walt Disney have?

Walt Disney's total liabilities were at $90.70 billion at the end of 2024, a 2.0% decrease from 2023, and a 152.2% increase since 2014.

How much cash does Walt Disney have?

In the past 10 years, Walt Disney's cash and equivalents has ranged from $3.42 billion in 2014 to $17.91 billion in 2020, and is currently $6.00 billion as of their latest financial filing in 2024.

How has Walt Disney's book value per share changed over the last 10 years?

Over the last 10 years, Walt Disney's book value per share changed from 26.19 in 2014 to 55.52 in 2024, a change of 112.0%.


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This page (NYSE:DIS) was last updated on 8/28/2025 by MarketBeat.com Staff
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