Walt Disney (DIS) Financials

$111.25 -0.27 (-0.24%)

As of 01:08 PM Eastern

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

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	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	3,275	2,554	460	2,621	-20	1,911	264	-460	1,271	1,279	162
Consolidated Net Income / (Loss)	3,401	2,644	564	2,842	216	2,151	694	-153	1,488	1,361	254
Net Income / (Loss) Continuing Operations	3,401	2,644	564	2,842	216	2,151	694	-153	1,488	1,361	254
Total Pre-Tax Income	3,087	3,660	948	3,093	657	2,871	1,007	-134	2,123	1,773	376
Total Operating Income	3,506	4,078	2,745	3,354	2,879	2,936	2,083	2,641	2,275	1,993	779
Total Gross Profit	8,811	9,284	8,344	8,446	7,911	7,962	7,513	7,859	7,199	7,126	6,592
Total Revenue	23,621	24,690	22,574	23,155	22,083	23,549	21,241	22,330	21,815	23,512	20,150
Operating Revenue	23,621	24,690	22,574	23,155	22,083	23,549	21,241	22,330	21,815	23,512	20,150
Total Cost of Revenue	14,810	15,406	14,230	14,709	14,172	15,587	13,728	14,471	14,616	16,386	13,558
Operating Cost of Revenue	14,810	15,406	14,230	14,709	14,172	15,587	13,728	14,471	14,616	16,386	13,558
Total Operating Expenses	5,305	5,206	5,599	5,092	5,032	5,026	5,430	5,218	4,924	5,133	5,813
Selling, General & Admin Expense	3,981	3,930	4,314	3,872	3,790	3,783	4,021	3,874	3,614	3,827	4,733
Depreciation Expense	1,324	1,276	1,285	1,220	1,242	1,243	1,409	1,344	1,310	1,306	1,317
Total Other Income / (Expense), net	-419	-418	-1,797	-261	-2,222	-65	-1,076	-2,775	-152	-220	-403
Interest & Investment Income	-310	-275	-254	-196	-170	-65	-55	-114	-149	-109	-229
Other Income / (Expense), net	-109	-143	-1,543	-65	-2,052	0.00	-1,021	-2,661	-3.00	-111	-174
Income Tax Expense	-314	1,016	384	251	441	720	313	19	635	412	122
Net Income / (Loss) Attributable to Noncontrolling Interest	126	90	104	221	236	240	430	307	217	82	92
Basic Earnings per Share	$1.81	$1.41	$0.25	$1.44	($0.01)	$1.04	$0.14	($0.25)	$0.70	$0.70	$0.09
Weighted Average Basic Shares Outstanding	1.81B	1.81B	1.83B	1.82B	1.83B	1.83B	1.83B	1.83B	1.83B	1.83B	1.82B
Diluted Earnings per Share	$1.81	$1.40	$0.26	$1.43	($0.01)	$1.04	$0.15	($0.25)	$0.69	$0.70	$0.09
Weighted Average Diluted Shares Outstanding	1.81B	1.82B	1.83B	1.83B	1.83B	1.84B	1.83B	1.83B	1.83B	1.83B	1.83B
Weighted Average Basic & Diluted Shares Outstanding	1.80B	1.81B	1.81B	1.81B	1.82B	1.83B	1.83B	1.83B	1.83B	1.83B	1.82B

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

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	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	376	-520	53	-677	-521	-6,988	2,722	1,060	1,937	-3,145	-1,343
Net Cash From Operating Activities	6,753	3,205	5,518	2,602	3,666	2,185	4,802	2,802	3,236	-974	2,524
Net Cash From Continuing Operating Activities	6,753	3,205	5,518	2,602	3,666	2,185	4,802	2,802	3,236	-974	2,524
Net Income / (Loss) Continuing Operations	3,401	2,644	564	2,842	216	2,151	694	-153	1,488	1,361	254
Consolidated Net Income / (Loss)	3,401	2,644	564	2,842	216	2,151	694	-153	1,488	1,361	254
Depreciation Expense	1,324	1,276	1,285	1,220	1,242	1,243	1,409	1,344	1,310	1,306	1,317
Non-Cash Adjustments To Reconcile Net Income	638	258	2,172	-261	2,469	216	2,327	1,608	172	77	104
Changes in Operating Assets and Liabilities, net	1,390	-973	1,497	-1,199	-261	-1,425	372	3.00	266	-3,718	849
Net Cash From Investing Activities	-1,898	-2,575	-1,978	-2,350	-1,307	-1,246	-1,382	-718	-1,249	-1,292	-1,136
Net Cash From Continuing Investing Activities	-1,898	-2,575	-1,978	-2,350	-1,307	-1,246	-1,382	-718	-1,249	-1,292	-1,136
Purchase of Property, Plant & Equipment	-1,862	-2,466	-1,489	-1,365	-1,259	-1,299	-1,374	-1,165	-1,249	-1,181	-1,148
Other Investing Activities, net	-36	-109	7.00	-80	-48	53	-8.00	-11	-	-111	-1.00
Net Cash From Financing Activities	-4,556	-997	-3,566	-898	-2,818	-8,006	-597	-1,001	-83	-1,043	-2,482
Net Cash From Continuing Financing Activities	-4,556	-997	-3,566	-898	-2,818	-8,006	-597	-1,001	-83	-1,043	-2,482
Repayment of Debt	-2,829	-1,091	-3,821	667	-397	-442	-435	-828	-800	-388	-2,964
Repurchase of Common Equity	-991	-794	8,141	-1,522	-1,001	-8,610	900	-	-	-900	-
Issuance of Debt	169	888	1,532	-43	-871	1,046	-178	-714	717	67	456
Other Net Changes in Cash	77	-153	14	-31	-62	79	-174	-23	33	164	354

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

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	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Total Assets	195,833	197,046	196,219	197,772	195,110	197,774	205,579	203,783	204,858	202,124	203,631
Total Current Assets	22,735	23,667	25,241	25,493	24,636	25,971	32,763	30,174	28,263	26,912	29,098
Cash & Equivalents	5,852	5,486	6,002	5,954	6,635	7,192	14,182	11,458	10,399	8,470	11,615
Accounts Receivable	12,571	13,767	12,729	12,966	12,026	14,115	12,330	13,112	12,770	13,993	12,652
Inventories, net	1,999	3,175	4,119	1,984	3,869	3,363	1,963	4,269	3,720	3,130	3,632
Other Current Assets	2,313	1,239	2,391	4,589	2,106	1,301	4,288	1,335	1,374	1,319	1,199
Plant, Property, & Equipment, net	39,095	38,140	37,041	36,041	35,525	35,321	34,941	34,577	34,579	34,200	33,596
Plant, Property & Equipment, gross	86,627	84,038	82,547	80,761	79,590	78,896	77,551	76,689	76,031	74,841	72,952
Accumulated Depreciation	47,532	45,898	45,506	44,720	44,065	43,575	42,610	42,112	41,452	40,641	39,356
Total Noncurrent Assets	134,003	135,239	133,937	136,238	134,949	136,482	137,875	139,032	142,016	141,012	140,937
Long-Term Investments	8,794	8,902	4,459	4,632	3,007	3,084	3,080	3,062	3,387	3,169	3,218
Goodwill	73,313	73,312	73,326	73,914	73,914	77,066	77,067	77,881	77,878	77,867	77,897
Intangible Assets	10,006	10,372	10,739	11,107	11,474	12,639	13,061	13,478	13,887	14,347	14,837
Other Noncurrent Operating Assets	41,890	42,653	45,413	46,585	46,554	43,693	44,667	44,611	46,864	45,629	44,985
Total Liabilities & Shareholders' Equity	195,833	197,046	196,219	197,772	195,110	197,774	205,579	203,783	204,858	202,124	203,631
Total Liabilities	87,067	90,307	90,697	92,469	91,347	92,273	92,567	92,841	94,488	93,246	95,253
Total Current Liabilities	34,029	34,846	34,599	35,612	32,874	31,033	31,139	28,234	28,056	27,070	29,073
Short-Term Debt	6,446	6,620	6,845	8,060	6,789	6,087	4,330	2,645	3,452	3,249	3,070
Accounts Payable	20,729	21,635	21,070	20,216	18,798	18,676	20,671	19,115	18,591	18,149	20,213
Current Deferred Revenue	6,854	6,591	6,684	7,336	7,287	6,270	6,138	6,474	6,013	5,672	5,790
Total Noncurrent Liabilities	53,038	55,461	56,098	56,857	58,473	61,240	61,428	64,607	66,432	66,176	66,180
Long-Term Debt	36,443	38,688	38,970	39,524	39,510	41,603	42,101	44,544	45,066	45,128	45,299
Noncurrent Deferred & Payable Income Tax Liabilities	6,298	6,336	6,277	6,628	6,860	7,041	7,258	7,304	8,134	8,236	8,363
Other Noncurrent Operating Liabilities	10,297	10,437	10,851	10,705	12,103	12,596	12,069	12,759	13,232	12,812	12,518
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	108,766	106,739	105,522	105,303	103,763	105,501	103,957	102,056	101,556	100,135	98,879
Total Preferred & Common Equity	104,339	101,933	100,696	100,622	99,252	100,721	99,277	97,610	97,859	96,149	95,008
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	104,339	101,933	100,696	100,622	99,252	100,721	99,277	97,610	97,859	96,149	95,008
Common Stock	59,199	58,868	58,592	58,252	58,028	57,640	57,383	57,136	56,919	56,579	56,398
Retained Earnings	53,733	50,468	49,722	49,273	46,649	47,490	46,093	45,794	46,236	44,955	43,636
Treasury Stock	-5,716	-4,715	-3,919	-3,449	-1,916	-907	-907	-907	-907	-907	-907
Accumulated Other Comprehensive Income / (Loss)	-2,877	-2,688	-3,699	-3,454	-3,509	-3,502	-3,292	-4,413	-4,389	-4,478	-4,119
Noncontrolling Interest	4,427	4,806	4,826	4,681	4,511	4,780	4,680	4,446	3,697	3,986	3,871

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

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

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

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.96%	4.85%	6.28%	3.69%	1.23%	0.16%	5.41%	3.84%	13.33%	7.76%	8.72%
EBITDA Growth	128.18%	24.69%	0.65%	240.56%	-42.24%	31.09%	28.56%	-62.64%	33.21%	0.13%	-21.10%
EBIT Growth	310.76%	34.03%	13.18%	16,545.00%	-63.60%	56.00%	75.54%	-100.89%	82.20%	6.93%	-47.89%
NOPAT Growth	308.09%	33.93%	13.76%	66.70%	-40.64%	43.78%	172.79%	9.13%	109.49%	-2.00%	-48.65%
Net Income Growth	1,474.54%	22.92%	-18.73%	1,957.52%	-85.48%	58.05%	173.23%	-110.19%	149.25%	18.14%	-0.39%
EPS Growth	18,200.00%	34.62%	73.33%	672.00%	-101.45%	48.57%	66.67%	-132.47%	165.38%	16.67%	0.00%
Operating Cash Flow Growth	84.21%	46.68%	14.91%	-7.14%	13.29%	324.33%	90.25%	45.79%	83.34%	-366.03%	-4.10%
Free Cash Flow Firm Growth	29.23%	67.36%	151.43%	983.13%	237.30%	212.55%	125.12%	84.62%	-17.00%	-47.96%	-235.11%
Invested Capital Growth	-2.43%	-3.68%	-0.92%	-0.91%	-3.23%	-1.85%	0.19%	1.66%	4.08%	4.21%	3.79%
Revenue Q/Q Growth	-4.33%	9.37%	-2.51%	4.85%	-6.23%	10.87%	-4.88%	2.36%	-7.22%	16.68%	-6.30%
EBITDA Q/Q Growth	-9.40%	109.53%	-44.84%	117.93%	-50.49%	69.12%	86.63%	-63.04%	12.36%	65.87%	-45.77%
EBIT Q/Q Growth	-13.67%	227.37%	-63.45%	297.70%	-71.83%	176.46%	5,410.00%	-100.88%	20.72%	211.07%	-73.16%
NOPAT Q/Q Growth	31.12%	80.39%	-47.01%	225.59%	-56.97%	53.23%	-22.35%	15.94%	4.23%	190.72%	-68.94%
Net Income Q/Q Growth	28.63%	368.79%	-80.15%	1,215.74%	-89.96%	209.94%	553.59%	-110.28%	9.33%	435.83%	-83.09%
EPS Q/Q Growth	29.29%	438.46%	-81.82%	14,400.00%	-100.96%	593.33%	160.00%	-136.23%	-1.43%	677.78%	-88.31%
Operating Cash Flow Q/Q Growth	110.70%	-41.92%	112.07%	-29.02%	67.78%	-54.50%	71.38%	-13.41%	432.24%	-138.59%	31.32%
Free Cash Flow Firm Q/Q Growth	-11.32%	179.16%	-33.10%	-21.97%	14.85%	319.38%	334.98%	87.87%	5.85%	6.40%	-43.84%
Invested Capital Q/Q Growth	-0.47%	-2.28%	-1.00%	1.34%	-1.75%	0.52%	-1.00%	-1.03%	-0.35%	2.61%	0.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.30%	37.60%	36.96%	36.48%	35.82%	33.81%	35.37%	35.19%	33.00%	30.31%	32.71%
EBITDA Margin	19.99%	21.11%	11.02%	19.47%	9.37%	17.75%	11.63%	5.93%	16.42%	13.56%	9.54%
Operating Margin	14.84%	16.52%	12.16%	14.49%	13.04%	12.47%	9.81%	11.83%	10.43%	8.48%	3.87%
EBIT Margin	14.38%	15.94%	5.32%	14.20%	3.75%	12.47%	5.00%	-0.09%	10.41%	8.00%	3.00%
Profit (Net Income) Margin	14.40%	10.71%	2.50%	12.27%	0.98%	9.13%	3.27%	-0.69%	6.82%	5.79%	1.26%
Tax Burden Percent	110.17%	72.24%	59.49%	91.88%	32.88%	74.92%	68.92%	114.18%	70.09%	76.76%	67.55%
Interest Burden Percent	90.87%	93.01%	78.87%	94.04%	79.44%	97.79%	94.82%	670.00%	93.44%	94.21%	62.15%
Effective Tax Rate	-10.17%	27.76%	40.51%	8.12%	67.12%	25.08%	31.08%	0.00%	29.91%	23.24%	32.45%
Return on Invested Capital (ROIC)	11.09%	7.87%	4.67%	8.38%	2.68%	5.76%	4.23%	5.10%	4.47%	3.85%	1.55%
ROIC Less NNEP Spread (ROIC-NNEP)	9.66%	6.98%	1.36%	7.69%	0.63%	5.63%	1.86%	-0.78%	4.17%	3.39%	0.75%
Return on Net Nonoperating Assets (RNNOA)	2.95%	2.25%	0.40%	2.48%	0.21%	1.95%	0.53%	-0.24%	1.36%	1.16%	0.24%
Return on Equity (ROE)	14.04%	10.12%	5.07%	10.86%	2.89%	7.70%	4.76%	4.86%	5.83%	5.01%	1.79%
Cash Return on Invested Capital (CROIC)	11.10%	10.72%	7.34%	7.01%	8.16%	6.78%	4.31%	2.20%	-0.24%	-0.94%	-0.45%
Operating Return on Assets (OROA)	6.92%	7.47%	2.42%	6.37%	1.67%	5.55%	2.17%	-0.04%	4.45%	3.33%	1.22%
Return on Assets (ROA)	6.93%	5.02%	1.14%	5.50%	0.44%	4.06%	1.42%	-0.30%	2.91%	2.41%	0.51%
Return on Common Equity (ROCE)	13.45%	9.66%	4.64%	9.96%	2.66%	7.08%	4.18%	4.26%	5.13%	4.39%	1.56%
Return on Equity Simple (ROE_SIMPLE)	9.06%	6.15%	0.00%	5.87%	2.93%	4.15%	0.00%	3.02%	4.71%	3.86%	0.00%
Net Operating Profit after Tax (NOPAT)	3,863	2,946	1,633	3,082	947	2,200	1,436	1,849	1,595	1,530	526
NOPAT Margin	16.35%	11.93%	7.23%	13.31%	4.29%	9.34%	6.76%	8.28%	7.31%	6.51%	2.61%
Net Nonoperating Expense Percent (NNEP)	1.42%	0.88%	3.31%	0.69%	2.05%	0.13%	2.37%	5.88%	0.30%	0.46%	0.80%
Return On Investment Capital (ROIC_SIMPLE)	2.55%	1.94%	1.08%	2.02%	0.63%	1.44%	0.95%	1.24%	1.06%	1.03%	0.36%
Cost of Revenue to Revenue	62.70%	62.40%	63.04%	63.52%	64.18%	66.19%	64.63%	64.81%	67.00%	69.69%	67.29%
SG&A Expenses to Revenue	16.85%	15.92%	19.11%	16.72%	17.16%	16.06%	18.93%	17.35%	16.57%	16.28%	23.49%
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	22.46%	21.09%	24.80%	21.99%	22.79%	21.34%	25.56%	23.37%	22.57%	21.83%	28.85%
Earnings before Interest and Taxes (EBIT)	3,397	3,935	1,202	3,289	827	2,936	1,062	-20	2,272	1,882	605
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,721	5,211	2,487	4,509	2,069	4,179	2,471	1,324	3,582	3,188	1,922
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.70	1.98	1.72	1.78	2.24	1.63	1.48	1.65	1.85	1.63	1.79
Price to Tangible Book Value (P/TBV)	8.43	11.07	10.42	11.50	16.04	14.86	16.01	25.78	29.65	39.77	74.70
Price to Revenue (P/Rev)	1.89	2.18	1.90	1.99	2.49	1.84	1.65	1.84	2.08	1.85	2.05
Price to Earnings (P/E)	19.90	35.98	34.87	37.56	131.23	54.83	62.23	71.56	43.85	47.14	54.01
Dividend Yield	0.97%	0.85%	0.78%	0.30%	0.25%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.03%	2.78%	2.87%	2.66%	0.76%	1.82%	1.61%	1.40%	2.28%	2.12%	1.85%
Enterprise Value to Invested Capital (EV/IC)	1.53	1.73	1.52	1.55	1.88	1.44	1.33	1.44	1.57	1.41	1.53
Enterprise Value to Revenue (EV/Rev)	2.23	2.57	2.34	2.46	2.96	2.32	2.13	2.36	2.62	2.44	2.62
Enterprise Value to EBITDA (EV/EBITDA)	12.40	16.65	16.12	16.71	26.25	17.82	17.93	20.68	18.63	18.41	19.66
Enterprise Value to EBIT (EV/EBIT)	17.76	25.69	25.87	27.24	54.86	32.95	36.45	43.71	32.50	34.40	36.95
Enterprise Value to NOPAT (EV/NOPAT)	17.52	24.29	23.50	25.39	37.85	29.09	29.63	37.80	42.53	45.35	47.63
Enterprise Value to Operating Cash Flow (EV/OCF)	11.61	15.86	15.28	16.68	19.59	15.81	19.20	27.30	33.98	39.33	36.12
Enterprise Value to Free Cash Flow (EV/FCFF)	13.64	15.80	20.55	22.07	22.63	21.06	30.92	66.08	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.42	0.43	0.45	0.45	0.45	0.41	0.43	0.44	0.44	0.45
Long-Term Debt to Equity	0.34	0.36	0.37	0.38	0.38	0.39	0.37	0.40	0.41	0.41	0.42
Financial Leverage	0.31	0.32	0.30	0.32	0.33	0.35	0.28	0.31	0.33	0.34	0.32
Leverage Ratio	1.84	1.86	1.84	1.86	1.87	1.87	1.85	1.88	1.90	1.91	1.93
Compound Leverage Factor	1.67	1.73	1.45	1.75	1.48	1.82	1.75	12.60	1.78	1.80	1.20
Debt to Total Capital	28.28%	29.80%	30.27%	31.12%	30.85%	31.13%	29.12%	29.84%	30.54%	30.76%	30.86%
Short-Term Debt to Total Capital	4.25%	4.35%	4.52%	5.27%	4.52%	3.97%	2.72%	1.67%	2.17%	2.07%	1.96%
Long-Term Debt to Total Capital	24.03%	25.44%	25.75%	25.85%	26.33%	27.16%	26.41%	28.17%	28.36%	28.70%	28.90%
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	2.92%	3.16%	3.19%	3.06%	3.01%	3.12%	8.61%	8.43%	7.87%	8.09%	8.53%
Common Equity to Total Capital	68.80%	67.04%	66.54%	65.81%	66.14%	65.75%	62.26%	61.73%	61.59%	61.14%	60.61%
Debt to EBITDA	2.53	3.17	3.46	3.60	4.61	4.13	4.39	4.71	3.97	4.32	4.39
Net Debt to EBITDA	1.67	2.17	2.67	2.80	3.65	3.24	2.76	3.26	2.84	3.28	3.04
Long-Term Debt to EBITDA	2.15	2.71	2.94	2.99	3.93	3.60	3.99	4.45	3.68	4.03	4.11
Debt to NOPAT	3.58	4.63	5.04	5.46	6.65	6.74	7.26	8.61	9.05	10.65	10.63
Net Debt to NOPAT	2.36	3.16	3.89	4.25	5.26	5.29	4.56	5.96	6.48	8.09	7.37
Long-Term Debt to NOPAT	3.04	3.95	4.29	4.54	5.67	5.88	6.59	8.13	8.41	9.94	9.95
Altman Z-Score	2.07	2.17	1.93	1.96	2.22	1.87	1.72	1.80	1.93	1.77	1.79
Noncontrolling Interest Sharing Ratio	4.21%	4.52%	8.49%	8.33%	7.95%	8.17%	12.24%	12.31%	12.08%	12.45%	12.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.67	0.68	0.73	0.72	0.75	0.84	1.05	1.07	1.01	0.99	1.00
Quick Ratio	0.54	0.55	0.54	0.53	0.57	0.69	0.85	0.87	0.83	0.83	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7,274	8,202	2,938	4,392	5,629	4,901	1,169	-497	-4,099	-4,354	-4,652
Operating Cash Flow to CapEx	362.67%	129.97%	370.58%	190.62%	291.18%	168.21%	349.49%	240.52%	259.09%	-82.47%	219.86%
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	0.48	0.47	0.45	0.45	0.45	0.44	0.43	0.43	0.43	0.42	0.41
Accounts Receivable Turnover	7.65	6.64	7.29	6.90	7.20	6.33	7.12	6.55	6.56	5.85	6.36
Inventory Turnover	20.16	17.90	19.30	18.61	15.27	17.99	21.16	20.15	22.63	25.13	15.23
Fixed Asset Turnover	2.52	2.52	2.54	2.55	2.54	2.56	2.59	2.58	2.58	2.52	2.50
Accounts Payable Turnover	2.99	2.90	2.81	2.96	3.10	3.17	2.90	2.95	3.04	3.05	2.65
Days Sales Outstanding (DSO)	47.73	55.01	50.06	52.86	50.73	57.68	51.29	55.70	55.63	62.43	57.40
Days Inventory Outstanding (DIO)	18.10	20.39	18.91	19.61	23.90	20.29	17.25	18.11	16.13	14.53	23.97
Days Payable Outstanding (DPO)	121.95	125.72	129.78	123.34	117.73	115.07	126.03	123.58	119.89	119.65	137.90
Cash Conversion Cycle (CCC)	-56.11	-50.32	-60.81	-50.87	-43.11	-37.10	-57.50	-49.77	-48.12	-42.69	-56.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	137,009	137,659	140,876	142,301	140,420	142,915	142,181	143,611	145,102	145,616	141,914
Invested Capital Turnover	0.68	0.66	0.65	0.63	0.62	0.62	0.63	0.62	0.61	0.59	0.59
Increase / (Decrease) in Invested Capital	-3,411	-5,256	-1,305	-1,310	-4,682	-2,701	267	2,346	5,694	5,884	5,178
Enterprise Value (EV)	209,960	237,736	213,534	221,063	263,597	205,921	189,398	207,152	227,929	205,967	216,777
Market Capitalization	177,290	202,010	173,354	179,384	222,429	163,727	146,494	161,151	180,686	156,500	169,871
Book Value per Share	$57.72	$56.29	$55.52	$55.19	$54.11	$54.98	$54.26	$53.42	$53.57	$52.73	$52.11
Tangible Book Value per Share	$11.63	$10.08	$9.17	$8.56	$7.56	$6.01	$5.00	$3.42	$3.34	$2.16	$1.25
Total Capital	151,655	152,047	151,337	152,887	150,062	153,191	159,443	158,131	158,888	157,255	156,747
Total Debt	42,889	45,308	45,815	47,584	46,299	47,690	46,431	47,189	48,518	48,377	48,369
Total Long-Term Debt	36,443	38,688	38,970	39,524	39,510	41,603	42,101	44,544	45,066	45,128	45,299
Net Debt	28,243	30,920	35,354	36,998	36,657	37,414	29,169	32,669	34,732	36,738	33,536
Capital Expenditures (CapEx)	1,862	2,466	1,489	1,365	1,259	1,299	1,374	1,165	1,249	1,181	1,148
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-10,700	-10,045	-8,515	-8,013	-8,084	-6,167	-8,228	-6,873	-6,740	-5,379	-8,520
Debt-free Net Working Capital (DFNWC)	-4,848	-4,559	-2,513	-2,059	-1,449	1,025	5,954	4,585	3,659	3,091	3,095
Net Working Capital (NWC)	-11,294	-11,179	-9,358	-10,119	-8,238	-5,062	1,624	1,940	207	-158	25
Net Nonoperating Expense (NNE)	462	302	1,069	240	731	49	742	2,002	107	169	272
Net Nonoperating Obligations (NNO)	28,243	30,920	35,354	36,998	36,657	37,414	29,169	32,669	34,732	36,738	33,536
Total Depreciation and Amortization (D&A)	1,324	1,276	1,285	1,220	1,242	1,243	1,409	1,344	1,310	1,306	1,317
Debt-free, Cash-free Net Working Capital to Revenue	-11.38%	-10.86%	-9.32%	-8.90%	-9.06%	-6.93%	-9.26%	-7.83%	-7.75%	-6.37%	-10.30%
Debt-free Net Working Capital to Revenue	-5.16%	-4.93%	-2.75%	-2.29%	-1.62%	1.15%	6.70%	5.22%	4.21%	3.66%	3.74%
Net Working Capital to Revenue	-12.01%	-12.09%	-10.24%	-11.24%	-9.24%	-5.69%	1.83%	2.21%	0.24%	-0.19%	0.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.81	$1.41	$0.25	$1.44	($0.01)	$1.04	$0.14	($0.25)	$0.70	$0.70	$0.09
Adjusted Weighted Average Basic Shares Outstanding	1.81B	1.81B	1.83B	1.82B	1.83B	1.83B	1.83B	1.83B	1.83B	1.83B	1.82B
Adjusted Diluted Earnings per Share	$1.81	$1.40	$0.26	$1.43	($0.01)	$1.04	$0.15	($0.25)	$0.69	$0.70	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	1.81B	1.82B	1.83B	1.83B	1.83B	1.84B	1.83B	1.83B	1.83B	1.83B	1.83B
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	1.80B	1.81B	1.81B	1.81B	1.82B	1.83B	1.83B	1.83B	1.83B	1.83B	1.82B
Normalized Net Operating Profit after Tax (NOPAT)	2,454	2,946	1,633	3,082	2,015	2,200	1,436	1,849	1,595	1,530	526
Normalized NOPAT Margin	10.39%	11.93%	7.23%	13.31%	9.13%	9.34%	6.76%	8.28%	7.31%	6.51%	2.61%
Pre Tax Income Margin	13.07%	14.82%	4.20%	13.36%	2.98%	12.19%	4.74%	-0.60%	9.73%	7.54%	1.87%
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	18.22%	0.00%	23.66%	9.30%	18.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-32.93%	-76.99%	75.49%	182.65%	318.43%	184.45%	0.00%	30.51%	19.54%	24.23%	0.00%

Frequently Asked Questions About Walt Disney's Financials

When does Walt Disney's fiscal year end?

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

How has Walt Disney's net income changed over the last 9 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 $8.85 billion in 2015. The previous period was $3.39 billion in 2023. View Walt Disney's forecast to see where analysts expect Walt Disney to go next.

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 revenue changed over the last 9 years?

Over the last 9 years, Walt Disney's total revenue changed from $52.47 billion in 2015 to $91.36 billion in 2024, a change of 74.1%.

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 129.5% increase since 2015.

How much cash does Walt Disney have?

In the past 9 years, Walt Disney's cash and equivalents has ranged from $4.02 billion in 2017 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 9 years?

Over the last 9 years, Walt Disney's book value per share changed from 26.38 in 2015 to 55.52 in 2024, a change of 110.5%.

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This page (NYSE:DIS) was last updated on 5/29/2025 by MarketBeat.com Staff

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Walt Disney (DIS) Financials

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Walt Disney (DIS) Financials

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