Walt Disney (DIS) Financials

$90.18 -0.10 (-0.11%)

Closing price 03:59 PM Eastern

Extended Trading

$90.01 -0.17 (-0.18%)

As of 05:53 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	8,382	9,391	8,980	12,598	11,054	-2,864	1,995	3,145	2,354	4,972
Consolidated Net Income / (Loss)	8,852	9,790	9,366	13,066	11,584	-2,474	2,507	3,505	3,390	5,773
Net Income / (Loss) Continuing Operations	8,852	9,790	9,366	13,066	10,897	-2,442	2,536	3,553	3,390	5,773
Total Pre-Tax Income	13,868	14,868	13,788	14,729	13,923	-1,743	2,561	5,285	4,769	7,569
Total Operating Income	13,171	14,202	13,775	14,804	10,647	-1,941	3,659	6,770	8,992	11,914
Total Gross Profit	24,101	25,639	24,831	26,708	27,546	21,508	22,287	28,321	29,697	32,663
Total Revenue	52,465	55,632	55,137	59,434	69,607	65,388	67,418	82,722	88,898	91,361
Operating Revenue	52,465	55,632	55,137	59,434	69,607	65,388	67,418	82,722	88,898	91,361
Total Cost of Revenue	28,364	29,993	30,306	32,726	42,061	43,880	45,131	54,401	59,201	58,698
Operating Cost of Revenue	28,364	29,993	30,306	32,726	42,061	43,880	45,131	54,401	59,201	58,698
Total Operating Expenses	10,930	11,437	11,056	11,904	16,899	23,449	18,628	21,551	20,705	20,749
Selling, General & Admin Expense	8,523	8,754	8,176	8,860	11,549	12,369	13,517	16,388	15,336	15,759
Depreciation Expense	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	697	666	13	-75	3,276	198	-1,098	-1,485	-4,223	-4,345
Interest & Investment Income	697	666	-65	-676	-1,081	-840	-645	-581	-427	-685
Other Income / (Expense), net	0.00	0.00	78	601	4,357	1,038	-453	-904	-3,796	-3,660
Income Tax Expense	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	470	399	386	468	530	390	512	360	1,036	801
Basic Earnings per Share	$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	1.69B	1.63B	1.57B	1.50B	1.66B	1.81B	1.82B	1.82B	1.83B	1.83B
Diluted Earnings per Share	$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	1.71B	1.64B	1.58B	1.51B	1.67B	1.81B	1.83B	1.83B	1.83B	1.83B
Weighted Average Basic & Diluted Shares Outstanding	1.69B	1.63B	1.57B	1.49B	1.80B	3.62B	3.64B	1.82B	1.83B	1.81B

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	1,409	162	1,279	1,271	-460	264	1,911	-20	2,621	460	2,554
Consolidated Net Income / (Loss)	1,502	254	1,361	1,488	-153	694	2,151	216	2,842	564	2,644
Net Income / (Loss) Continuing Operations	1,502	254	1,361	1,488	-153	694	2,151	216	2,842	564	2,644
Total Pre-Tax Income	2,119	376	1,773	2,123	-134	1,007	2,871	657	3,093	948	3,660
Total Operating Income	2,390	779	1,993	2,275	2,641	2,083	2,936	2,879	3,354	2,745	4,078
Total Gross Profit	7,822	6,592	7,126	7,199	7,859	7,513	7,962	7,911	8,446	8,344	9,284
Total Revenue	21,504	20,150	23,512	21,815	22,330	21,241	23,549	22,083	23,155	22,574	24,690
Operating Revenue	21,504	20,150	23,512	21,815	22,330	21,241	23,549	22,083	23,155	22,574	24,690
Total Cost of Revenue	13,682	13,558	16,386	14,616	14,471	13,728	15,587	14,172	14,709	14,230	15,406
Operating Cost of Revenue	13,682	13,558	16,386	14,616	14,471	13,728	15,587	14,172	14,709	14,230	15,406
Total Operating Expenses	5,432	5,813	5,133	4,924	5,218	5,430	5,026	5,032	5,092	5,599	5,206
Selling, General & Admin Expense	4,100	4,733	3,827	3,614	3,874	4,021	3,783	3,790	3,872	4,314	3,930
Depreciation Expense	1,290	1,317	1,306	1,310	1,344	1,409	1,243	1,242	1,220	1,285	1,276
Total Other Income / (Expense), net	-271	-403	-220	-152	-2,775	-1,076	-65	-2,222	-261	-1,797	-418
Interest & Investment Income	-135	-229	-109	-149	-114	-55	-65	-170	-196	-254	-275
Other Income / (Expense), net	-136	-174	-111	-3.00	-2,661	-1,021	0.00	-2,052	-65	-1,543	-143
Income Tax Expense	617	122	412	635	19	313	720	441	251	384	1,016
Net Income / (Loss) Attributable to Noncontrolling Interest	93	92	82	217	307	430	240	236	221	104	90
Basic Earnings per Share	$0.77	$0.09	$0.70	$0.70	($0.25)	$0.14	$1.04	($0.01)	$1.44	$0.25	$1.41
Weighted Average Basic Shares Outstanding	1.82B	1.82B	1.83B	1.83B	1.83B	1.83B	1.83B	1.83B	1.82B	1.83B	1.81B
Diluted Earnings per Share	$0.77	$0.09	$0.70	$0.69	($0.25)	$0.15	$1.04	($0.01)	$1.43	$0.26	$1.40
Weighted Average Diluted Shares Outstanding	1.83B	1.83B	1.83B	1.83B	1.83B	1.83B	1.84B	1.83B	1.83B	1.83B	1.82B
Weighted Average Basic & Diluted Shares Outstanding	1.82B	1.82B	1.83B	1.83B	1.83B	1.83B	1.83B	1.82B	1.81B	1.81B	1.81B

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	1,037	35	-696	91	674	12,499	-1,951	-4,342	2,574	-8,133
Net Cash From Operating Activities	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	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	8,852	9,790	9,366	13,066	10,897	-2,442	2,536	3,553	3,390	5,773
Consolidated Net Income / (Loss)	8,852	9,790	9,366	13,066	10,897	-2,442	2,536	3,553	3,390	5,773
Depreciation Expense	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	257	2,128	543	710	-2,887	4,961	26	3,069	4,184	4,596
Changes in Operating Assets and Liabilities, net	-78	-1,309	-348	-2,492	-6,193	-248	-2,107	-5,783	-3,077	-1,388
Net Cash From Investing Activities	-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	-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	-4,265	-4,773	-3,623	-4,465	-4,876	-4,022	-3,578	-4,943	-4,969	-5,412
Acquisitions	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	20	-135	-71	710	-319	172	70	-117	-130	-68
Net Cash From Financing Activities	-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	-5,801	-7,220	-8,959	-8,843	-464	8,480	-4,385	-4,729	-2,724	-15,288
Repayment of Debt	-534	-3,732	-3,506	-4,416	-39,752	-8,358	-4,625	-5,136	-2,451	-3,993
Repurchase of Common Equity	-6,095	-7,499	-9,368	-3,577	-	-	-	0.00	0.00	-2,992
Payment of Dividends	-3,063	-2,313	-2,445	-2,515	-2,895	-1,587	-	0.00	0.00	-1,366
Issuance of Debt	2,550	6,065	6,067	1,056	42,558	18,120	64	333	-108	1,664
Issuance of Common Equity	1,012	0.00	17	399	737	-	91	74	735	9.00
Other Financing Activities, net	329	259	276	210	-1,112	305	85	0.00	-900	-8,610
Effect of Exchange Rate Changes	-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	314	395	466	631	1,142	1,559	1,892	1,685	2,110	2,134
Cash Income Taxes Paid	4,396	4,133	3,801	2,503	9,259	738	1,638	1,097	1,193	3,963

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-430	-1,343	-3,145	1,937	1,060	2,722	-6,988	-521	-677	53	-520
Net Cash From Operating Activities	1,922	2,524	-974	3,236	2,802	4,802	2,185	3,666	2,602	5,518	3,205
Net Cash From Continuing Operating Activities	1,922	2,524	-974	3,236	2,802	4,802	2,185	3,666	2,602	5,518	3,205
Net Income / (Loss) Continuing Operations	1,502	254	1,361	1,488	-153	694	2,151	216	2,842	564	2,644
Consolidated Net Income / (Loss)	-	254	1,361	1,488	-153	694	2,151	216	2,842	564	2,644
Depreciation Expense	1,290	1,317	1,306	1,310	1,344	1,409	1,243	1,242	1,220	1,285	1,276
Non-Cash Adjustments To Reconcile Net Income	1,926	104	77	172	1,608	2,327	216	2,469	-261	2,172	258
Changes in Operating Assets and Liabilities, net	-2,486	849	-3,718	266	3.00	372	-1,425	-261	-1,199	1,497	-973
Net Cash From Investing Activities	-1,848	-1,136	-1,292	-1,249	-718	-1,382	-1,246	-1,307	-2,350	-1,978	-2,575
Net Cash From Continuing Investing Activities	-1,848	-1,136	-1,292	-1,249	-718	-1,382	-1,246	-1,307	-2,350	-1,978	-2,575
Purchase of Property, Plant & Equipment	-1,735	-1,148	-1,181	-1,249	-1,165	-1,374	-1,299	-1,259	-1,365	-1,489	-2,466
Other Investing Activities, net	-152	-1.00	-111	-	-11	-8.00	53	-48	-80	7.00	-109
Net Cash From Financing Activities	-150	-2,482	-1,043	-83	-1,001	-597	-8,006	-2,818	-898	-3,566	-997
Net Cash From Continuing Financing Activities	-150	-2,482	-1,043	-83	-1,001	-597	-8,006	-2,818	-898	-3,566	-997
Repayment of Debt	-135	-2,964	-388	-800	-828	-435	-442	-397	667	-3,821	-1,091
Repurchase of Common Equity	-	-	-900	-	-	900	-8,610	-1,001	-1,522	8,141	-794
Issuance of Debt	-63	456	67	717	-714	-178	1,046	-871	-43	1,532	888
Other Net Changes in Cash	-354	354	164	33	-23	-174	79	-62	-31	14	-153

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Total Assets	204,074	203,631	202,124	204,858	203,783	205,579	197,774	195,110	197,772	196,219	197,046
Total Current Assets	31,422	29,098	26,912	28,263	30,174	32,763	25,971	24,636	25,493	25,241	23,667
Cash & Equivalents	12,959	11,615	8,470	10,399	11,458	14,182	7,192	6,635	5,954	6,002	5,486
Accounts Receivable	13,685	12,652	13,993	12,770	13,112	12,330	14,115	12,026	12,966	12,729	13,767
Inventories, net	1,590	3,632	3,130	3,720	4,269	1,963	3,363	3,869	1,984	4,119	3,175
Other Current Assets	3,188	1,199	1,319	1,374	1,335	4,288	1,301	2,106	4,589	2,391	1,239
Plant, Property, & Equipment, net	33,583	33,596	34,200	34,579	34,577	34,941	35,321	35,525	36,041	37,041	38,140
Plant, Property & Equipment, gross	72,672	72,952	74,841	76,031	76,689	77,551	78,896	79,590	80,761	82,547	84,038
Accumulated Depreciation	39,089	39,356	40,641	41,452	42,112	42,610	43,575	44,065	44,720	45,506	45,898
Total Noncurrent Assets	139,069	140,937	141,012	142,016	139,032	137,875	136,482	134,949	136,238	133,937	135,239
Long-Term Investments	3,236	3,218	3,169	3,387	3,062	3,080	3,084	3,007	4,632	4,459	8,902
Goodwill	77,945	77,897	77,867	77,878	77,881	77,067	77,066	73,914	73,914	73,326	73,312
Intangible Assets	15,334	14,837	14,347	13,887	13,478	13,061	12,639	11,474	11,107	10,739	10,372
Other Noncurrent Operating Assets	42,554	44,985	45,629	46,864	44,611	44,667	43,693	46,554	46,585	45,413	42,653
Total Liabilities & Shareholders' Equity	204,074	203,631	202,124	204,858	203,783	205,579	197,774	195,110	197,772	196,219	197,046
Total Liabilities	98,216	95,253	93,246	94,488	92,841	92,567	92,273	91,347	92,469	90,697	90,307
Total Current Liabilities	30,704	29,073	27,070	28,056	28,234	31,139	31,033	32,874	35,612	34,599	34,846
Short-Term Debt	5,580	3,070	3,249	3,452	2,645	4,330	6,087	6,789	8,060	6,845	6,620
Accounts Payable	20,858	20,213	18,149	18,591	19,115	20,671	18,676	18,798	20,216	21,070	21,635
Current Deferred Revenue	4,266	5,790	5,672	6,013	6,474	6,138	6,270	7,287	7,336	6,684	6,591
Total Noncurrent Liabilities	67,512	66,180	66,176	66,432	64,607	61,428	61,240	58,473	56,857	56,098	55,461
Long-Term Debt	46,022	45,299	45,128	45,066	44,544	42,101	41,603	39,510	39,524	38,970	38,688
Noncurrent Deferred & Payable Income Tax Liabilities	8,034	8,363	8,236	8,134	7,304	7,258	7,041	6,860	6,628	6,277	6,336
Other Noncurrent Operating Liabilities	13,456	12,518	12,812	13,232	12,759	12,069	12,596	12,103	10,705	10,851	10,437
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	96,433	98,879	100,135	101,556	102,056	103,957	105,501	103,763	105,303	105,522	106,739
Total Preferred & Common Equity	92,500	95,008	96,149	97,859	97,610	99,277	100,721	99,252	100,622	100,696	101,933
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	92,500	95,008	96,149	97,859	97,610	99,277	100,721	99,252	100,622	100,696	101,933
Common Stock	56,087	56,398	56,579	56,919	57,136	57,383	57,640	58,028	58,252	58,592	58,868
Retained Earnings	43,462	43,636	44,955	46,236	45,794	46,093	47,490	46,649	49,273	49,722	50,468
Treasury Stock	-907	-907	-907	-907	-907	-907	-907	-1,916	-3,449	-3,919	-4,715
Accumulated Other Comprehensive Income / (Loss)	-6,142	-4,119	-4,478	-4,389	-4,413	-3,292	-3,502	-3,509	-3,454	-3,699	-2,688
Noncontrolling Interest	3,933	3,871	3,986	3,697	4,446	4,680	4,780	4,511	4,681	4,826	4,806

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.48%	6.04%	-0.89%	7.79%	17.12%	-6.06%	3.10%	22.70%	7.47%	2.77%
EBITDA Growth	13.68%	7.76%	-0.56%	10.71%	4.10%	-76.83%	87.24%	32.61%	-4.21%	25.36%
EBIT Growth	15.85%	7.83%	-2.46%	11.20%	-2.60%	-106.02%	455.04%	82.97%	-11.42%	58.85%
NOPAT Growth	12.83%	11.23%	0.06%	40.35%	-36.55%	-116.31%	366.67%	25.61%	40.44%	42.16%
Net Income Growth	10.59%	10.60%	-4.33%	39.50%	-11.34%	-121.36%	201.33%	39.81%	-3.28%	70.30%
EPS Growth	15.02%	16.94%	-0.70%	46.92%	-20.57%	-123.80%	168.99%	57.80%	-25.00%	110.85%
Operating Cash Flow Growth	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	-1.10%	58.92%	-61.98%	156.32%	-779.61%	108.47%	-78.05%	-151.78%	1,077.38%	69.67%
Invested Capital Growth	3.91%	-0.81%	9.59%	5.54%	108.32%	-4.87%	1.80%	3.79%	0.19%	-0.92%
Revenue Q/Q Growth	2.19%	-0.66%	-0.65%	2.64%	7.43%	-6.32%	6.02%	1.99%	1.24%	1.48%
EBITDA Q/Q Growth	5.33%	-1.06%	-1.20%	5.05%	24.28%	-28.06%	21.90%	-10.14%	5.48%	0.12%
EBIT Q/Q Growth	6.23%	-1.83%	-1.57%	5.47%	27.52%	-204.51%	94.07%	-17.98%	9.64%	1.73%
NOPAT Q/Q Growth	1.71%	2.01%	-1.08%	4.69%	-9.39%	85.63%	124.64%	-6.93%	16.62%	4.36%
Net Income Q/Q Growth	1.33%	1.57%	-0.29%	4.43%	-9.49%	-286.56%	54.47%	-0.03%	14.92%	-2.20%
EPS Q/Q Growth	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	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	-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	0.80%	-2.54%	7.47%	0.56%	0.10%	-2.18%	0.29%	0.46%	-1.00%	-1.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.94%	46.09%	45.04%	44.94%	39.57%	32.89%	33.06%	34.24%	33.41%	35.75%
EBITDA Margin	29.59%	30.07%	30.17%	30.99%	27.54%	6.79%	12.34%	13.33%	11.88%	14.50%
Operating Margin	25.10%	25.53%	24.98%	24.91%	15.30%	-2.97%	5.43%	8.18%	10.12%	13.04%
EBIT Margin	25.10%	25.53%	25.12%	25.92%	21.56%	-1.38%	4.76%	7.09%	5.84%	9.03%
Profit (Net Income) Margin	16.87%	17.60%	16.99%	21.98%	16.64%	-3.78%	3.72%	4.24%	3.81%	6.32%
Tax Burden Percent	63.83%	65.85%	67.93%	88.71%	83.20%	141.94%	97.89%	66.32%	71.08%	76.27%
Interest Burden Percent	105.29%	104.69%	99.53%	95.61%	92.80%	193.02%	79.88%	90.10%	91.78%	91.70%
Effective Tax Rate	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)	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)	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)	3.78%	4.51%	4.80%	6.21%	6.80%	-1.48%	-0.16%	0.06%	-1.44%	-1.14%
Return on Equity (ROE)	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)	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)	15.29%	15.76%	14.75%	15.85%	10.26%	-0.46%	1.58%	2.88%	2.54%	4.11%
Return on Assets (ROA)	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)	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)	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)	8,407	9,351	9,357	13,133	8,333	-1,359	3,623	4,551	6,392	9,087
NOPAT Margin	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)	-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)	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	54.06%	53.91%	54.96%	55.06%	60.43%	67.11%	66.94%	65.76%	66.59%	64.25%
SG&A Expenses to Revenue	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%
Operating Expenses to Revenue	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)	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)	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)	3.62	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)	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)	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)	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%	0.69%	1.45%	0.00%	0.00%	0.00%	0.78%
Earnings Yield	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)	2.97	2.65	2.61	2.77	2.00	2.01	2.66	1.53	1.33	1.52
Enterprise Value to Revenue (EV/Rev)	3.35	2.79	3.05	3.15	4.05	4.12	5.40	2.62	2.13	2.34
Enterprise Value to EBITDA (EV/EBITDA)	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)	13.33	10.94	12.12	12.17	18.81	0.00	113.57	36.95	36.45	25.87
Enterprise Value to NOPAT (EV/NOPAT)	20.88	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)	15.42	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)	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	0.36	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	0.35	0.41	0.32	0.37	0.54	0.47	0.42	0.37	0.37
Financial Leverage	0.20	0.23	0.31	0.32	0.33	0.38	0.36	0.32	0.28	0.30
Leverage Ratio	1.78	1.88	2.01	1.94	1.87	1.97	2.03	1.93	1.85	1.84
Compound Leverage Factor	1.87	1.97	2.00	1.86	1.73	3.81	1.62	1.74	1.70	1.69
Debt to Total Capital	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	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	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%
Noncontrolling Interests to Total Capital	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	67.47%	64.10%	57.83%	65.18%	59.32%	53.53%	56.54%	60.61%	62.26%	66.54%
Debt to EBITDA	1.12	1.21	1.52	1.13	2.45	13.20	6.54	4.39	4.39	3.46
Net Debt to EBITDA	0.67	0.67	1.09	0.75	2.00	8.29	4.15	3.04	2.76	2.67
Long-Term Debt to EBITDA	0.82	0.99	1.15	0.93	1.99	11.91	5.84	4.11	3.99	2.94
Debt to NOPAT	2.06	2.16	2.70	1.59	5.64	-43.15	15.02	10.63	7.26	5.04
Net Debt to NOPAT	1.24	1.21	1.93	1.05	4.60	-27.09	9.53	7.37	4.56	3.89
Long-Term Debt to NOPAT	1.52	1.76	2.04	1.30	4.58	-38.95	13.40	9.95	6.59	4.29
Altman Z-Score	4.47	4.00	3.82	4.54	2.41	1.89	2.55	1.87	1.79	2.05
Noncontrolling Interest Sharing Ratio	7.59%	8.53%	9.52%	10.01%	12.22%	13.93%	13.82%	12.84%	12.24%	8.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.03	1.01	0.81	0.94	0.90	1.32	1.08	1.00	1.05	0.73
Quick Ratio	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)	6,184	9,827	3,736	9,577	-65,083	5,514	1,210	-627	6,125	10,392
Operating Cash Flow to CapEx	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
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	0.61	0.62	0.59	0.61	0.48	0.33	0.33	0.41	0.43	0.45
Accounts Receivable Turnover	6.62	6.51	6.23	6.62	5.61	4.64	5.17	6.36	7.12	7.29
Inventory Turnover	10.55	11.24	11.55	12.22	19.32	27.15	17.71	15.23	21.16	19.30
Fixed Asset Turnover	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	3.53	3.37	3.57	3.09	2.54	2.39	2.65	2.90	2.81
Days Sales Outstanding (DSO)	55.10	56.04	58.58	55.17	65.06	78.68	70.58	57.40	51.29	50.06
Days Inventory Outstanding (DIO)	34.59	32.49	31.61	29.87	18.90	13.44	20.61	23.97	17.25	18.91
Days Payable Outstanding (DPO)	99.34	103.28	108.30	102.24	118.20	143.75	152.43	137.90	126.03	129.78
Cash Conversion Cycle (CCC)	-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	59,079	58,603	64,224	67,780	141,196	134,323	136,736	141,914	142,181	140,876
Invested Capital Turnover	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	2,223	-476	5,621	3,556	73,416	-6,873	2,413	5,178	267	-1,305
Enterprise Value (EV)	175,538	155,425	167,895	187,422	282,192	269,493	364,113	216,777	189,398	213,534
Market Capitalization	160,984	140,087	144,986	168,415	229,873	218,753	315,930	169,871	146,494	173,354
Book Value per Share	$26.38	$26.92	$26.77	$32.79	$49.34	$46.25	$48.73	$52.11	$54.26	$55.52
Tangible Book Value per Share	$1.98	$1.35	($2.97)	$1.89	($8.12)	($7.35)	($3.65)	$1.25	$5.00	$9.17
Total Capital	65,991	67,493	71,443	74,829	149,838	156,140	156,630	156,747	159,443	151,337
Total Debt	17,336	20,170	25,291	20,874	46,986	58,628	54,406	48,369	46,431	45,815
Total Long-Term Debt	12,773	16,483	19,119	17,084	38,129	52,917	48,540	45,299	42,101	38,970
Net Debt	10,424	11,280	18,072	13,825	38,344	36,811	34,512	33,536	29,169	35,354
Capital Expenditures (CapEx)	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)	718	-799	-1,551	-1,395	222	-3,580	-7,513	-8,520	-8,228	-8,515
Debt-free Net Working Capital (DFNWC)	4,987	3,811	2,466	2,755	5,640	14,334	8,446	3,095	5,954	-2,513
Net Working Capital (NWC)	424	124	-3,706	-1,035	-3,217	8,623	2,580	25	1,624	-9,358
Net Nonoperating Expense (NNE)	-445	-439	-8.83	67	-3,251	1,115	1,116	1,046	3,002	3,314
Net Nonoperating Obligations (NNO)	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)	2,354	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	1.37%	-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	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	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	$4.95	$5.76	$5.73	$8.40	$6.68	($1.58)	$1.10	$1.73	$1.29	$2.72
Adjusted Weighted Average Basic Shares Outstanding	1.69B	1.63B	1.57B	1.50B	1.66B	1.81B	1.82B	1.82B	1.83B	1.83B
Adjusted Diluted Earnings per Share	$4.90	$5.73	$5.69	$8.36	$6.64	($1.58)	$1.09	$1.72	$1.29	$2.72
Adjusted Weighted Average Diluted Shares Outstanding	1.71B	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	$6.68	$0.00	$1.10	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	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)	8,441	9,454	9,424	13,162	9,259	2,656	3,623	4,551	6,392	9,087
Normalized NOPAT Margin	16.09%	16.99%	17.09%	22.15%	13.30%	4.06%	5.37%	5.50%	7.19%	9.95%
Pre Tax Income Margin	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
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	34.60%	23.63%	26.11%	19.25%	24.99%	-64.15%	0.00%	0.00%	0.00%	23.66%
Augmented Payout Ratio	103.46%	100.22%	126.13%	46.62%	24.99%	-64.15%	0.00%	0.00%	0.00%	75.49%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.33%	8.72%	7.76%	13.33%	3.84%	5.41%	0.16%	1.23%	3.69%	6.28%	4.85%
EBITDA Growth	42.04%	-21.10%	0.13%	33.21%	-62.64%	28.56%	31.09%	-42.24%	240.56%	0.65%	24.69%
EBIT Growth	83.40%	-47.89%	6.93%	82.20%	-100.89%	75.54%	56.00%	-63.60%	16,545.00%	13.18%	34.03%
NOPAT Growth	13.21%	-48.65%	-2.00%	109.49%	9.13%	172.79%	43.78%	-40.64%	66.70%	13.76%	33.93%
Net Income Growth	33.75%	-0.39%	18.14%	149.25%	-110.19%	173.23%	58.05%	-85.48%	1,957.52%	-18.73%	22.92%
EPS Growth	54.00%	0.00%	16.67%	165.38%	-132.47%	66.67%	48.57%	-101.45%	672.00%	73.33%	34.62%
Operating Cash Flow Growth	31.46%	-4.10%	-366.03%	83.34%	45.79%	90.25%	324.33%	13.29%	-7.14%	14.91%	46.68%
Free Cash Flow Firm Growth	-230.43%	-235.11%	-47.96%	-17.00%	84.62%	125.12%	212.55%	237.30%	983.13%	151.43%	67.36%
Invested Capital Growth	3.61%	3.79%	4.21%	4.08%	1.66%	0.19%	-1.85%	-3.23%	-0.91%	-0.92%	-3.68%
Revenue Q/Q Growth	11.71%	-6.30%	16.68%	-7.22%	2.36%	-4.88%	10.87%	-6.23%	4.85%	-2.51%	9.37%
EBITDA Q/Q Growth	31.80%	-45.77%	65.87%	12.36%	-63.04%	86.63%	69.12%	-50.49%	117.93%	-44.84%	109.53%
EBIT Q/Q Growth	80.75%	-73.16%	211.07%	20.72%	-100.88%	5,410.00%	176.46%	-71.83%	297.70%	-63.45%	227.37%
NOPAT Q/Q Growth	122.57%	-68.94%	190.72%	4.23%	15.94%	-22.35%	53.23%	-56.97%	225.59%	-47.01%	80.39%
Net Income Q/Q Growth	151.59%	-83.09%	435.83%	9.33%	-110.28%	553.59%	209.94%	-89.96%	1,215.74%	-80.15%	368.79%
EPS Q/Q Growth	196.15%	-88.31%	677.78%	-1.43%	-136.23%	160.00%	593.33%	-100.96%	14,400.00%	-81.82%	438.46%
Operating Cash Flow Q/Q Growth	8.90%	31.32%	-138.59%	432.24%	-13.41%	71.38%	-54.50%	67.78%	-29.02%	112.07%	-41.92%
Free Cash Flow Firm Q/Q Growth	7.70%	-43.84%	6.40%	5.85%	87.87%	334.98%	319.38%	14.85%	-21.97%	-33.10%	179.16%
Invested Capital Q/Q Growth	1.33%	0.46%	2.61%	-0.35%	-1.03%	-1.00%	0.52%	-1.75%	1.34%	-1.00%	-2.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.37%	32.71%	30.31%	33.00%	35.19%	35.37%	33.81%	35.82%	36.48%	36.96%	37.60%
EBITDA Margin	16.48%	9.54%	13.56%	16.42%	5.93%	11.63%	17.75%	9.37%	19.47%	11.02%	21.11%
Operating Margin	11.11%	3.87%	8.48%	10.43%	11.83%	9.81%	12.47%	13.04%	14.49%	12.16%	16.52%
EBIT Margin	10.48%	3.00%	8.00%	10.41%	-0.09%	5.00%	12.47%	3.75%	14.20%	5.32%	15.94%
Profit (Net Income) Margin	6.98%	1.26%	5.79%	6.82%	-0.69%	3.27%	9.13%	0.98%	12.27%	2.50%	10.71%
Tax Burden Percent	70.88%	67.55%	76.76%	70.09%	114.18%	68.92%	74.92%	32.88%	91.88%	59.49%	72.24%
Interest Burden Percent	94.01%	62.15%	94.21%	93.44%	670.00%	94.82%	97.79%	79.44%	94.04%	78.87%	93.01%
Effective Tax Rate	29.12%	32.45%	23.24%	29.91%	0.00%	31.08%	25.08%	67.12%	8.12%	40.51%	27.76%
Return on Invested Capital (ROIC)	4.60%	1.55%	3.85%	4.47%	5.10%	4.23%	5.76%	2.68%	8.38%	4.67%	7.87%
ROIC Less NNEP Spread (ROIC-NNEP)	4.06%	0.75%	3.39%	4.17%	-0.78%	1.86%	5.63%	0.63%	7.69%	1.36%	6.98%
Return on Net Nonoperating Assets (RNNOA)	1.40%	0.24%	1.16%	1.36%	-0.24%	0.53%	1.95%	0.21%	2.48%	0.40%	2.25%
Return on Equity (ROE)	6.00%	1.79%	5.01%	5.83%	4.86%	4.76%	7.70%	2.89%	10.86%	5.07%	10.12%
Cash Return on Invested Capital (CROIC)	-0.03%	-0.45%	-0.94%	-0.24%	2.20%	4.31%	6.78%	8.16%	7.01%	7.34%	10.72%
Operating Return on Assets (OROA)	4.18%	1.22%	3.33%	4.45%	-0.04%	2.17%	5.55%	1.67%	6.37%	2.42%	7.47%
Return on Assets (ROA)	2.79%	0.51%	2.41%	2.91%	-0.30%	1.42%	4.06%	0.44%	5.50%	1.14%	5.02%
Return on Common Equity (ROCE)	5.21%	1.56%	4.39%	5.13%	4.26%	4.18%	7.08%	2.66%	9.96%	4.64%	9.66%
Return on Equity Simple (ROE_SIMPLE)	3.79%	0.00%	3.86%	4.71%	3.02%	0.00%	4.15%	2.93%	5.87%	0.00%	6.15%
Net Operating Profit after Tax (NOPAT)	1,694	526	1,530	1,595	1,849	1,436	2,200	947	3,082	1,633	2,946
NOPAT Margin	7.88%	2.61%	6.51%	7.31%	8.28%	6.76%	9.34%	4.29%	13.31%	7.23%	11.93%
Net Nonoperating Expense Percent (NNEP)	0.54%	0.80%	0.46%	0.30%	5.88%	2.37%	0.13%	2.05%	0.69%	3.31%	0.88%
Return On Investment Capital (ROIC_SIMPLE)	1.14%	0.36%	1.03%	1.06%	1.24%	0.95%	1.44%	0.63%	2.02%	1.08%	1.94%
Cost of Revenue to Revenue	63.63%	67.29%	69.69%	67.00%	64.81%	64.63%	66.19%	64.18%	63.52%	63.04%	62.40%
SG&A Expenses to Revenue	19.07%	23.49%	16.28%	16.57%	17.35%	18.93%	16.06%	17.16%	16.72%	19.11%	15.92%
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	25.26%	28.85%	21.83%	22.57%	23.37%	25.56%	21.34%	22.79%	21.99%	24.80%	21.09%
Earnings before Interest and Taxes (EBIT)	2,254	605	1,882	2,272	-20	1,062	2,936	827	3,289	1,202	3,935
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,544	1,922	3,188	3,582	1,324	2,471	4,179	2,069	4,509	2,487	5,211
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.87	1.79	1.63	1.85	1.65	1.48	1.63	2.24	1.78	1.72	1.98
Price to Tangible Book Value (P/TBV)	0.00	74.70	39.77	29.65	25.78	16.01	14.86	16.04	11.50	10.42	11.07
Price to Revenue (P/Rev)	2.13	2.05	1.85	2.08	1.84	1.65	1.84	2.49	1.99	1.90	2.18
Price to Earnings (P/E)	55.05	54.01	47.14	43.85	71.56	62.23	54.83	131.23	37.56	34.87	35.98
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.34%	0.25%	0.30%	0.78%	0.85%
Earnings Yield	1.82%	1.85%	2.12%	2.28%	1.40%	1.61%	1.82%	0.76%	2.66%	2.87%	2.78%
Enterprise Value to Invested Capital (EV/IC)	1.57	1.53	1.41	1.57	1.44	1.33	1.44	1.88	1.55	1.52	1.73
Enterprise Value to Revenue (EV/Rev)	2.73	2.62	2.44	2.62	2.36	2.13	2.32	2.96	2.46	2.34	2.57
Enterprise Value to EBITDA (EV/EBITDA)	18.07	19.66	18.41	18.63	20.68	17.93	17.82	26.25	16.71	16.12	16.65
Enterprise Value to EBIT (EV/EBIT)	31.00	36.95	34.40	32.50	43.71	36.45	32.95	54.86	27.24	25.87	25.69
Enterprise Value to NOPAT (EV/NOPAT)	45.34	47.63	45.35	42.53	37.80	29.63	29.09	37.85	25.39	23.50	24.29
Enterprise Value to Operating Cash Flow (EV/OCF)	36.29	36.12	39.33	33.98	27.30	19.20	15.81	19.59	16.68	15.28	15.86
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	66.08	30.92	21.06	22.63	22.07	20.55	15.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.45	0.44	0.44	0.43	0.41	0.45	0.45	0.45	0.43	0.42
Long-Term Debt to Equity	0.43	0.42	0.41	0.41	0.40	0.37	0.39	0.38	0.38	0.37	0.36
Financial Leverage	0.34	0.32	0.34	0.33	0.31	0.28	0.35	0.33	0.32	0.30	0.32
Leverage Ratio	1.97	1.93	1.91	1.90	1.88	1.85	1.87	1.87	1.86	1.84	1.86
Compound Leverage Factor	1.85	1.20	1.80	1.78	12.60	1.75	1.82	1.48	1.75	1.45	1.73
Debt to Total Capital	32.77%	30.86%	30.76%	30.54%	29.84%	29.12%	31.13%	30.85%	31.12%	30.27%	29.80%
Short-Term Debt to Total Capital	3.54%	1.96%	2.07%	2.17%	1.67%	2.72%	3.97%	4.52%	5.27%	4.52%	4.35%
Long-Term Debt to Total Capital	29.23%	28.90%	28.70%	28.36%	28.17%	26.41%	27.16%	26.33%	25.85%	25.75%	25.44%
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	8.48%	8.53%	8.09%	7.87%	8.43%	8.61%	3.12%	3.01%	3.06%	3.19%	3.16%
Common Equity to Total Capital	58.75%	60.61%	61.14%	61.59%	61.73%	62.26%	65.75%	66.14%	65.81%	66.54%	67.04%
Debt to EBITDA	4.20	4.39	4.32	3.97	4.71	4.39	4.13	4.61	3.60	3.46	3.17
Net Debt to EBITDA	2.89	3.04	3.28	2.84	3.26	2.76	3.24	3.65	2.80	2.67	2.17
Long-Term Debt to EBITDA	3.75	4.11	4.03	3.68	4.45	3.99	3.60	3.93	2.99	2.94	2.71
Debt to NOPAT	10.55	10.63	10.65	9.05	8.61	7.26	6.74	6.65	5.46	5.04	4.63
Net Debt to NOPAT	7.24	7.37	8.09	6.48	5.96	4.56	5.29	5.26	4.25	3.89	3.16
Long-Term Debt to NOPAT	9.41	9.95	9.94	8.41	8.13	6.59	5.88	5.67	4.54	4.29	3.95
Altman Z-Score	1.79	1.79	1.77	1.93	1.80	1.72	1.87	2.22	1.96	1.93	2.17
Noncontrolling Interest Sharing Ratio	13.19%	12.84%	12.45%	12.08%	12.31%	12.24%	8.17%	7.95%	8.33%	8.49%	4.52%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.00	0.99	1.01	1.07	1.05	0.84	0.75	0.72	0.73	0.68
Quick Ratio	0.87	0.83	0.83	0.83	0.87	0.85	0.69	0.57	0.53	0.54	0.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,234	-4,652	-4,354	-4,099	-497	1,169	4,901	5,629	4,392	2,938	8,202
Operating Cash Flow to CapEx	110.78%	219.86%	-82.47%	259.09%	240.52%	349.49%	168.21%	291.18%	190.62%	370.58%	129.97%
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	0.40	0.41	0.42	0.43	0.43	0.43	0.44	0.45	0.45	0.45	0.47
Accounts Receivable Turnover	6.00	6.36	5.85	6.56	6.55	7.12	6.33	7.20	6.90	7.29	6.64
Inventory Turnover	36.25	15.23	25.13	22.63	20.15	21.16	17.99	15.27	18.61	19.30	17.90
Fixed Asset Turnover	2.46	2.50	2.52	2.58	2.58	2.59	2.56	2.54	2.55	2.54	2.52
Accounts Payable Turnover	2.72	2.65	3.05	3.04	2.95	2.90	3.17	3.10	2.96	2.81	2.90
Days Sales Outstanding (DSO)	60.84	57.40	62.43	55.63	55.70	51.29	57.68	50.73	52.86	50.06	55.01
Days Inventory Outstanding (DIO)	10.07	23.97	14.53	16.13	18.11	17.25	20.29	23.90	19.61	18.91	20.39
Days Payable Outstanding (DPO)	134.43	137.90	119.65	119.89	123.58	126.03	115.07	117.73	123.34	129.78	125.72
Cash Conversion Cycle (CCC)	-63.52	-56.53	-42.69	-48.12	-49.77	-57.50	-37.10	-43.11	-50.87	-60.81	-50.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	141,265	141,914	145,616	145,102	143,611	142,181	142,915	140,420	142,301	140,876	137,659
Invested Capital Turnover	0.58	0.59	0.59	0.61	0.62	0.63	0.62	0.62	0.63	0.65	0.66
Increase / (Decrease) in Invested Capital	4,928	5,178	5,884	5,694	2,346	267	-2,701	-4,682	-1,310	-1,305	-5,256
Enterprise Value (EV)	221,745	216,777	205,967	227,929	207,152	189,398	205,921	263,597	221,063	213,534	237,736
Market Capitalization	172,980	169,871	156,500	180,686	161,151	146,494	163,727	222,429	179,384	173,354	202,010
Book Value per Share	$50.78	$52.11	$52.73	$53.57	$53.42	$54.26	$54.98	$54.11	$55.19	$55.52	$56.29
Tangible Book Value per Share	($0.43)	$1.25	$2.16	$3.34	$3.42	$5.00	$6.01	$7.56	$8.56	$9.17	$10.08
Total Capital	157,460	156,747	157,255	158,888	158,131	159,443	153,191	150,062	152,887	151,337	152,047
Total Debt	51,602	48,369	48,377	48,518	47,189	46,431	47,690	46,299	47,584	45,815	45,308
Total Long-Term Debt	46,022	45,299	45,128	45,066	44,544	42,101	41,603	39,510	39,524	38,970	38,688
Net Debt	35,407	33,536	36,738	34,732	32,669	29,169	37,414	36,657	36,998	35,354	30,920
Capital Expenditures (CapEx)	1,735	1,148	1,181	1,249	1,165	1,374	1,299	1,259	1,365	1,489	2,466
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6,661	-8,520	-5,379	-6,740	-6,873	-8,228	-6,167	-8,084	-8,013	-8,515	-10,045
Debt-free Net Working Capital (DFNWC)	6,298	3,095	3,091	3,659	4,585	5,954	1,025	-1,449	-2,059	-2,513	-4,559
Net Working Capital (NWC)	718	25	-158	207	1,940	1,624	-5,062	-8,238	-10,119	-9,358	-11,179
Net Nonoperating Expense (NNE)	192	272	169	107	2,002	742	49	731	240	1,069	302
Net Nonoperating Obligations (NNO)	35,407	33,536	36,738	34,732	32,669	29,169	37,414	36,657	36,998	35,354	30,920
Total Depreciation and Amortization (D&A)	1,290	1,317	1,306	1,310	1,344	1,409	1,243	1,242	1,220	1,285	1,276
Debt-free, Cash-free Net Working Capital to Revenue	-8.21%	-10.30%	-6.37%	-7.75%	-7.83%	-9.26%	-6.93%	-9.06%	-8.90%	-9.32%	-10.86%
Debt-free Net Working Capital to Revenue	7.77%	3.74%	3.66%	4.21%	5.22%	6.70%	1.15%	-1.62%	-2.29%	-2.75%	-4.93%
Net Working Capital to Revenue	0.89%	0.03%	-0.19%	0.24%	2.21%	1.83%	-5.69%	-9.24%	-11.24%	-10.24%	-12.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.77	$0.09	$0.70	$0.70	($0.25)	$0.14	$1.04	($0.01)	$1.44	$0.25	$1.41
Adjusted Weighted Average Basic Shares Outstanding	1.82B	1.82B	1.83B	1.83B	1.83B	1.83B	1.83B	1.83B	1.82B	1.83B	1.81B
Adjusted Diluted Earnings per Share	$0.77	$0.09	$0.70	$0.69	($0.25)	$0.15	$1.04	($0.01)	$1.43	$0.26	$1.40
Adjusted Weighted Average Diluted Shares Outstanding	1.83B	1.83B	1.83B	1.83B	1.83B	1.83B	1.84B	1.83B	1.83B	1.83B	1.82B
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	1.82B	1.82B	1.83B	1.83B	1.83B	1.83B	1.83B	1.82B	1.81B	1.81B	1.81B
Normalized Net Operating Profit after Tax (NOPAT)	1,724	526	1,530	1,595	1,849	1,436	2,200	2,015	3,082	1,633	2,946
Normalized NOPAT Margin	8.02%	2.61%	6.51%	7.31%	8.28%	6.76%	9.34%	9.13%	13.31%	7.23%	11.93%
Pre Tax Income Margin	9.85%	1.87%	7.54%	9.73%	-0.60%	4.74%	12.19%	2.98%	13.36%	4.20%	14.82%
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%	0.00%	0.00%	18.88%	9.30%	23.66%	0.00%
Augmented Payout Ratio	0.00%	0.00%	24.23%	19.54%	30.51%	0.00%	184.45%	318.43%	182.65%	75.49%	-76.99%

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 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.

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 4/28/2025 by MarketBeat.com Staff

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Walt Disney (DIS) Financials

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Walt Disney (DIS) Financials

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