COVERAGE / DIS / Communication Services

Walt Disney Co

Services-Miscellaneous Amusement & Recreation

COVERAGE STATUSACTIVE

DATA THROUGH2025-09-27

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-09-27 · Prior / 2024-09-28 · USD · Annual periods

Revenue

$94.43bn

Prior / $91.36bn

Change / +3.35%

SOURCE / 2025-11-13

Operating income

$17.55bn

Prior / $15.6bn

Change / +12.50%

SOURCE / 2025-11-13

Net income

$12.4bn

Prior / $4.97bn

Change / +149.48%

SOURCE / 2025-11-13

Diluted EPS

$6.85

Prior / $2.72

Change / +151.84%

SOURCE / 2025-11-13

Free cash flow

$10.08bn

Prior / $8.56bn

Change / +17.74%

SOURCE / 2025-11-13

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

18.59%

Prior / 17.08%

Change / +1.51 pp

SOURCE / 2025-11-13

Return on avg. equity

11.78%

Prior / 4.97%

Change / +6.81 pp

SOURCE / 2025-11-13

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2024-09-29",
    "end": "2025-09-27",
    "val": 94425000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "frame": "CY2025",
    "tag": "us-gaap:Revenues",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2024-09-29",
    "end": "2025-09-27",
    "val": 12404000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2024-09-29",
    "end": "2025-09-27",
    "val": 17551000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2024-09-29",
    "end": "2025-09-27",
    "val": 6.85,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2024-09-29",
    "end": "2025-09-27",
    "val": 18101000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2024-09-29",
    "end": "2025-09-27",
    "val": 8024000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-09-27",
    "val": 197514000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-09-27",
    "val": 109869000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-09-27",
    "val": 24267000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-09-27",
    "val": 34162000000,
    "accn": "0001744489-25-000155",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-11-13",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-09-27	$94.43bn	$12.4bn	$10.08bn	$6.85
2024-09-28	$91.36bn	$4.97bn	$8.56bn	$2.72
2023-09-30	$88.9bn	$2.35bn	$4.9bn	$1.29
2022-10-01	$82.72bn	$3.15bn	Not available	$1.72

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-09-27. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	15.38x	Unavailable	16.25x	8
P/S	1.93x	Unavailable	1.93x	3
P/B	1.66x	Unavailable	6.72x	2
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	5.54%	Unavailable	4.28%	2

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-29 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 105.35,
  "tradingDate": "2026-09-17",
  "marketCap": 181906465125.7,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-29"
}

Company & operating context

Walt Disney Co is an SEC-reporting issuer listed on NYSE under DIS. Its SEC industry description is Services-Miscellaneous Amusement & Recreation. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Advertising, subscriptions and connectivity produce very different revenue and cash-flow models.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2025-11-13PERIOD / 2025-09-27

Annual-disclosure reading guide for DIS: Advertising exposure, subscription economics, network investment and cash conversion. Filing metadata only; this note is not a substantive review of the full document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0053DISCompany Research

DIS: reading the FY2025 financial structure ↗

Walt Disney Co

Research abstract

Annual revenue of USD 94.425 billion and net income of USD 12.404 billion for the period ended 2025-09-27.

DATA THROUGH2025-09-272 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Audience migration, content costs, competition, capital intensity and privacy regulation.

Advertising exposure, subscription economics, network investment and cash conversion.

COMMUNICATION SERVICES SYSTEM ↗

Sources & dates

SEC annual filing · 2025-09-27 ↗Source date 2025-11-13
SEC annual filing · 2024-09-28 ↗Source date 2025-11-13
SEC annual filing · 2023-09-30 ↗Source date 2025-11-13
SEC annual filing · 2022-10-01 ↗Source date 2024-11-14
SEC issuer record ↗Source date 2026-09-18