Walt Disney Co DIS
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 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:
◦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
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.42B | $91.36B | $88.90B | $82.72B | $67.42B | $65.39B | $69.61B | $59.43B | $55.14B | $55.63B |
| SG&A | $16.50B | $15.76B | $15.34B | $16.39B | $13.52B | $12.37B | $11.55B | $8.86B | $8.18B | $8.75B |
| Total operating expenses | $80.59B | $79.45B | $79.91B | $75.95B | $63.76B | $61.59B | $57.78B | $44.60B | $41.26B | $41.27B |
| Operating income | $17.55B | $15.60B | $12.86B | $12.12B | $7.77B | $8.11B | $14.85B | $15.69B | $14.78B | $15.72B |
| Interest expense | $1.81B | $2.07B | $1.97B | $1.55B | $1.55B | $1.65B | $1.25B | $682.0M | $507.0M | $354.0M |
| Pre-tax income | $12.00B | $7.57B | $4.77B | $5.29B | $2.56B | -$1.74B | $13.92B | $14.73B | $13.79B | $14.87B |
| Income tax | $1.43B | $1.80B | $1.38B | $1.73B | $25.0M | $699.0M | $3.03B | $1.66B | $4.42B | $5.08B |
| Net income | $12.40B | $4.97B | $2.35B | $3.15B | $2.00B | -$2.86B | $11.05B | $12.60B | $8.98B | $9.39B |
| EPS, basic | 6.88 | 2.72 | 1.29 | 1.73 | 1.10 | -1.58 | 6.68 | 8.40 | 5.73 | 5.76 |
| EPS, diluted | 6.85 | 2.72 | 1.29 | 1.72 | 1.09 | -1.58 | 6.64 | 8.36 | 5.69 | 5.73 |
| Shares, diluted (wtd. avg.) | $1.81B | $1.83B | $1.83B | $1.83B | $1.83B | $1.81B | $1.67B | $1.51B | $1.58B | $1.64B |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.70B | $6.00B | $14.18B | $11.66B | $16.00B | $17.95B | $5.46B | $4.16B | $4.06B | $4.76B |
| Receivables | $13.22B | $12.73B | $12.33B | $12.65B | $13.37B | $12.71B | $15.48B | $9.33B | — | — |
| Inventory | $2.13B | $2.02B | $1.96B | $1.74B | $1.33B | $1.58B | $1.65B | $1.39B | — | — |
| Total current assets | $24.27B | $25.24B | $32.76B | $29.10B | $33.66B | $35.25B | $28.12B | $16.82B | — | — |
| Property, plant and equipment | $41.26B | $37.04B | $34.94B | $33.60B | $32.62B | $32.08B | $31.60B | $29.54B | — | — |
| Goodwill | $73.29B | $73.33B | $77.07B | $77.90B | $78.07B | $77.69B | $80.29B | $31.27B | $31.43B | — |
| Other intangibles | $9.27B | $10.74B | $13.06B | $14.84B | $17.11B | $19.17B | $23.21B | $6.81B | — | — |
| Total assets | $197.51B | $196.22B | $205.58B | $203.63B | $203.61B | $201.55B | $193.98B | $98.60B | — | — |
| Accounts payable | $15.05B | $14.80B | $15.12B | $16.20B | $16.36B | $13.18B | $13.78B | $6.50B | — | — |
| Short-term debt | $6.71B | $6.84B | $4.33B | $3.07B | $5.87B | $5.71B | $8.86B | $3.79B | — | — |
| Total current liabilities | $34.16B | $34.60B | $31.14B | $29.07B | $31.08B | $26.63B | $31.34B | $17.86B | — | — |
| Long-term debt | $35.31B | $38.97B | $42.10B | $45.30B | $48.54B | $52.92B | $38.13B | $17.08B | — | — |
| Retained earnings | $60.41B | $49.72B | $46.09B | $43.64B | $40.43B | $38.31B | $42.49B | $82.68B | — | — |
| Total equity | $109.87B | $100.70B | $99.28B | $95.01B | $88.55B | $83.58B | $88.88B | $48.77B | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.10B | $13.97B | $9.87B | $6.00B | $5.57B | $7.62B | $5.98B | $14.29B | $12.34B | $13.14B |
| Depreciation and amortisation | $5.33B | $4.99B | $5.37B | $5.16B | $5.11B | $5.34B | $4.17B | $3.01B | $2.78B | $2.53B |
| Stock-based compensation | $1.36B | $1.37B | $1.14B | $977.0M | $600.0M | $525.0M | $711.0M | $393.0M | $364.0M | $393.0M |
| Capital expenditure | $8.02B | $5.41B | $4.97B | $4.94B | $3.58B | $4.02B | $4.88B | $4.46B | $3.62B | $4.77B |
| Investing cash flow | -$8.04B | -$6.88B | -$4.64B | -$5.01B | -$3.17B | -$3.85B | -$15.10B | -$5.34B | -$4.11B | -$5.76B |
| Financing cash flow | -$10.37B | -$15.29B | -$2.72B | -$4.73B | -$4.38B | $8.48B | -$464.0M | -$8.84B | -$8.96B | -$7.22B |
| Dividends paid | $1.80B | $1.37B | $0 | $0 | $0 | $1.59B | $2.90B | $2.52B | $2.44B | $2.31B |
| Buybacks | $3.50B | $2.99B | $0 | $0 | — | $0 | $0 | $3.58B | $9.37B | $7.50B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001744489-25-000155.
Others in SIC 7990
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DKNG | DraftKings Inc. | $11.91B | — | 27.0% |
| MSGS | Madison Square Garden Sports Corp. | $9.45B | 1,222.4x | 11.0% |
| MTN | VAIL RESORTS INC | $4.81B | 17.9x | 2.7% |
| MSGE | Madison Square Garden Entertainment Corp. | $3.67B | 56.1x | 12.5% |
| RSI | Rush Street Interactive, Inc. | $2.96B | 86.1x | 22.8% |
| STUB | StubHub Holdings, Inc. | $2.50B | — | -1.4% |
| PRKS | United Parks & Resorts Inc. | $1.83B | 13.2x | -3.6% |
| PRSU | Pursuit Attractions & Hospitality, Inc. | $1.31B | 60.0x | 23.4% |