Walt Disney Company (DIS)
Communication Services · $179B market cap · SEC CIK 0001744489
fundamentals score out of 100
Next reports on Nov 11, 2026, after the close, with analysts expecting $1.69 in earnings per share.
The case for DIS
- Pays a modest 1.2% dividend.
The case against
- Earnings per share down 24.0%.
- Return on equity of only 8%.
- Current liabilities exceed current assets (ratio 0.71).
- Long-term debt of $35.8B against $5.7B of cash.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Communication Services companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 64 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 43 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 47 |
| Momentumhow the price has behaved lately | 44 |
| Stabilityhow violently it moves, what it owes and what it pays you | 57 |
- Each factor except momentum is half fixed thresholds, half rank among the 19 Communication Services companies.
Key numbers
| Price / earnings | 20.8× |
|---|---|
| Price / book | 1.56× |
| Price / sales | 1.8× |
| Revenue growth (YoY) | +4.6% |
| EPS growth (YoY) | -24.0% |
| Gross margin | 38% |
| Operating margin | 14% |
| Net margin | 9% |
| Return on equity | 8% |
| Debt / equity | 0.42× |
| Current ratio | 0.71 |
| Dividend yield | 1.25% |
| Beta | 1.48 |
| 52-week range | $92.19 – $117.09 |
| Position in that range | 47% of the way up |
| 3-month return | +0.3% |
| 1-year return | -8.4% |
Five years of financials, as filed
Pulled from Walt Disney Company's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $94.4B | $91.4B | $88.9B | $82.7B | $67.4B |
| Operating income | $17.6B | $15.6B | $12.9B | $12.1B | $7.8B |
| Net income | $12.4B | $5.0B | $2.4B | $3.1B | $2.0B |
| Operating cash flow | $18.1B | $14.0B | $9.9B | $6.0B | $5.6B |
| Capital expenditure | $8.0B | $5.4B | $5.0B | $4.9B | $3.6B |
| Total assets | $202B | $197B | $198B | $202B | $203B |
| Shareholder equity | $108B | $102B | $101B | $96.1B | $89.9B |
| Cash | $5.7B | $5.5B | $7.2B | $8.5B | $14.4B |
| Long-term debt | $35.8B | $38.7B | $41.6B | $45.1B | $47.3B |
| Free cash flow | $10.1B | $8.6B | $4.9B | $1.1B | $2.0B |
| Operating margin | 18.6% | 17.1% | 14.5% | 14.7% | 11.5% |
| Net margin | 13.1% | 5.4% | 2.6% | 3.8% | 3.0% |
| Diluted shares | 1.8B | 1.8B | 1.8B | 1.8B | 1.8B |
Share count is essentially flat over 4 years.
What Walt Disney Company says it does
The Walt Disney Company, together with the subsidiaries through which businesses are conducted (the Company), is a diversified worldwide entertainment company with operations in three segments: Entertainment, Sports and Experiences. The terms "Company", "we", "our" and "us" are used in this report to refer collectively to the parent company and the subsidiaries through which businesses are conducted. ENTERTAINMENT The Entertainment segment generally encompasses the Company’s non-sports focused global film and episodic content production and distribution activities. The lines of business within Entertainment along with their significant business activities include the following: • Linear Networks ◦ Domestic: ABC Television Network (ABC Network); Disney, Freeform, FX and National Geographic (owned 73% by the Company) branded television channels; and eight owned ABC television stations ◦ International: Disney, FX and…
Risk factors DIS lists in its 10-K
- Produced and Acquired/Licensed Content Costs
- Pension and Postretirement Medical Plan Actuarial Assumptions
- Goodwill, Other Intangible Assets, Long-Lived Assets and Investments
- Evaluation of Disclosure Controls and Procedures
- Management’s Report on Internal Control Over Financial Reporting
- Ratification of Equity Award Grants and Equity Issuances
- Principal Financial and Accounting Officers
- Internal Control - Integrated Framework
- Internal Control - Integrated Framework,
- Opinions on the Financial Statements and Internal Control over Financial Reporting
- Definition and Limitations of Internal Control over Financial Reporting
- Amortization of Production Costs Predominantly Monetized as a Group
- (in millions, except per share data)
- See Notes to Consolidated Financial Statements