FirmAtlas
Company handbook · DIS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
DIS · CIK 1744489 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
WALT DISNEY CO/
$110.59
−0.09 (−0.08%)
Close, Oct 16, 2026 · 52-week $92–117
Last fiscal year
WALT DISNEY CO/ reported revenue of $94.4B for the year ended Sep 27, 2025 (FY25), up 3.4% from FY24. Net income was $12.4B, operating cash flow $18.1B and free cash flow $10.1B. Source: 10-K filed Nov 13, 2025.
Market cap
$210.1B
P/E
24.4
EV/EBITDA
11.1x
P/B
1.9
Div yield
1.36%
ROIC
11.7%
Revenue 1Y
3.4%/yr
EPS 1Y
151.8%/yr
Shares 1Y
+0.0%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJosh D’Amaro
HQBurbank, CA
AuditorPricewaterhouseCoopers LLP
Employees231,000
Year endsOctober
Revenue by segment · FY25
Entertainment45%
Experiences38%
Sports19%
Eliminations And Other-2%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
1.9%
−8.9%
8.9%
0.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$23.1B deployed
Capex
$13.4B
58.2%
Dividends
$3.2B
13.7%
Buybacks
$6.5B
28.1%
Operating cash flow over the period: $32.1B. Total debt changed by −$3.9B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Sep 27, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
91,361
94,425+3.4%
98,861
YoY
+3.4%
Operating income
15,601
17,551+12.5%
18,238
Operating margin
17.1%
18.6%+1.5 pp
—
EBITDA
20,591
22,877+11.1%
—
EBITDA margin
22.5%
24.2%+1.7 pp
—
Interest expense
(2,070)
(1,812)n/m
—
Net income
4,972
12,404+149.5%
8,600
YoY
+149.5%
Net margin
5.4%
13.1%+7.7 pp
—
EPS (diluted, $)
2.72
6.85+151.8%
4.81
YoY
+151.8%
Balance sheet
Total assets
196,219
197,514+0.7%
204,740
Cash & short-term investments
6,102
5,799−5.0%
—
Accounts receivable
12,729
13,217+3.8%
—
Inventory
2,022
2,134+5.5%
—
Net PP&E
37,041
41,255+11.4%
—
Other assets
138,325
135,109−2.3%
—
Total liabilities
95,523
87,645−8.2%
94,708
Accounts payable
14,796
15,055+1.8%
—
Total debt
52,660
48,737−7.4%
46,041
Other liabilities
28,067
23,853−15.0%
—
Shareholders’ equity
100,696
109,869+9.1%
110,032
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
13,971
18,101+29.6%
16,989
Net income
5,773
13,431+132.7%
—
Depreciation & amortization
4,990
5,326+6.7%
—
Stock-based compensation
1,366
1,363−0.2%
—
Working capital & other
1,842
(2,019)−209.6%
—
Cash from investing
(6,881)
(8,043)n/m
—
Capex
(5,412)
(8,024)n/m
—
Other investing
(1,469)
(19)n/m
—
Cash from financing
(15,288)
(10,366)n/m
—
Debt raised
132
1,057+700.8%
—
Debt repaid
(3,064)
(3,735)n/m
—
Dividends
(1,366)
(1,803)n/m
—
Buybacks
(2,992)
(3,500)n/m
—
Shares issued
88
233+164.8%
—
Other financing
(8,086)
(2,618)n/m
—
Net change in cash
(8,133)
(303)n/m
—
Free cash flow (OCF − capex)
8,559
10,077+17.7%
8,293
Where the cash went
Operating cash flow
13,971
18,101+29.6%
16,989
Reinvested in the business
5,412
8,024+48.3%
—
% of operating cash flow
38.7%
44.3%
Capex
5,412
8,024+48.3%
8,696
Free cash flow
8,559
10,077+17.7%
8,293
YoY
+17.7%
Returned to shareholders
4,358
5,303+21.7%
—
% of free cash flow
50.9%
52.6%
Dividends
1,366
1,803+32.0%
—
Buybacks
2,992
3,500+17.0%
—
Change in total debt
—
(3,923)
—
Cash left over
—
851
—
FCF conversion (FCF ÷ net income)
172.1%
81.2%−90.9 pp
—
Owner earnings
—
9,365
—
Owner earnings margin
—
9.9%
—
Buyback yield
1.6%
1.6%−0.0 pp
—
Returns & ratios
ROIC (all capital)
8.1%
11.7%+3.6 pp
—
ROIC (operating)
32.2%
44.7%+12.5 pp
—
Net debt / EBITDA
2.26x
1.88x−0.38x
—
Debt / equity
0.52x
0.44x−0.08x
—
ROE
4.9%
11.3%+6.4 pp
—
ROA
2.5%
6.3%+3.7 pp
—
ROCE
9.7%
10.7%+1.1 pp
—
NOPAT
11,899
17,551+47.5%
—
Invested capital (operating)
36,996
41,551+12.3%
—
Invested capital (all)
147,254
152,807+3.8%
—
Reinvestment rate
—
26.0%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
22,464
25,981
25,168
25,248
vs year-ago quarter
Operating income
3,480
4,600
4,603
5,555
Net income
1,313
2,402
2,247
2,638
vs year-ago quarter
Net margin
5.8%
9.2%
8.9%
10.4%
EPS (diluted, $)
0.69
1.34
1.27
1.51
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
197,514
202,089
205,217
204,740
Cash & equivalents
5,799
5,786
5,789
5,299
Total debt
48,737
46,640
47,358
46,041
Shareholders’ equity
109,869
108,476
108,708
110,032
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
4,474
735
6,914
4,866
Capex
1,916
3,013
1,973
1,794
Free cash flow
2,558
(2,278)
4,941
3,072
vs year-ago quarter