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Global entertainment conglomerate spanning film/TV studios, theme parks/resorts, streaming (Disney+, Hulu) and sports media (ESPN).
Global entertainment conglomerate spanning film/TV studios, theme parks/resorts, streaming (Disney+, Hulu) and sports media (ESPN).
Earns from three different streams: park, resort and cruise visits, streaming subscriptions and advertising, and licensing films and series to others. The parks have carried profit for years, while streaming turned profitable only recently. Disney bought most of 21st Century Fox's entertainment assets in 2019.
Moat: wide (brand, scale, IP / patents). Unmatched entertainment IP library and irreplaceable theme-park assets combined with global brand strength.
Headquarters: Burbank, California, USA · Founded: 1923 · Employees: 231,000
Size Walt Disney Company (The) (DIS) is a United States Communication Services company (Movies/Entertainment) with a market value of $202B, the 57th largest of 3,117 United States companies the cockpit tracks. Shares closed at $116.75 on 6 Nov 2026.
Performance Over six months the shares gained 8.9%, against +10.9% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +5.5%); the operating margin is 15.4% (peer median 14.7%).
Valuation It trades at 15.4× forward earnings against a peer median of 28.4× (4th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.4 points below its cost of capital (10.8% WACC).
Backlog Backlog (remaining performance obligations) was $16.0B at 27 Jun 2026, flat on a year earlier — 0.2 years of trailing revenue. Backlog detail →
Credit Walt Disney Company (The) has 38 bonds outstanding ($32.9B), rated A by the agencies and trading like AA- at a weighted spread of 59 bp.
Short interest Short interest is 1.2% of the free float (15 Oct 2026).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $99.1B | $94.2B | $90.9B | $88.5B | $82.6B |
| Revenue growth | — | +4% | +3% | +7% | — |
| Gross profit | $31.9B | $30.1B | $27.3B | $24.1B | $23.2B |
| EBITDA | $20.8B | $18.9B | $16.6B | $14.1B | $11.9B |
| Net income | $8.60B | $12.4B | $4.97B | $2.35B | $3.15B |
| Free cash flow | $8.29B | $10.1B | $8.56B | $4.90B | $1.06B |
| Capital expenditure | $8.70B | $8.02B | $5.41B | $4.97B | $4.94B |
| Total debt | $46.0B | $45.4B | $49.5B | $50.7B | $52.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Walt Disney Company (The) DIS | $202B | +9% | +5% | 15% | 15.4× | 14.2% |
| Netflix NFLX | $260B | -28% | +15% | 32% | 17.7× | 15.0% |
| Comcast CMCSA | $86.6B | -3% | 0% | 15% | 7.2× | -6.4% |
| Warner Bros. Discovery WBD | n/a | +13% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DIS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.1% | +9.2% | 10th lowest of 20 |
| 6-month return | +8.9% | +10.9% | 9th lowest of 20 |
| Distance from 52-week high | -3.4% | -14.7% | 2nd highest of 20 |
| Revenue growth (TTM) | +5.3% | +5.5% | 9th lowest of 20 |
| Operating margin | 15.4% | 14.7% | 8th highest of 21 |
| Forward P/E | 15.4× | 28.4× | 4th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 14.2% | 7.9% | 6th most demanding of 18 |
| Growth delivered (Del g) | +7.7% | +22.6% | 4th lowest of 18 |
| Hurdle (Req g minus delivered) | +6.6 pp | -20.4 pp | 4th most demanding of 18 |
| ROIC minus cost of capital | -3.4 pp | +1.6 pp | 8th lowest of 21 |
| EV / EBITDA | 12.0× | 13.6× | 7th cheapest of 14 |
| Net debt / EBITDA | 2.0× | 2.8× | 6th least indebted of 17 |
| Bond spread | 59 bp | 144 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Walt Disney Company (The) DIS | United States | $202B | +9% | +5% | 15% | 15.4× | 14.2% | +7.7% |
| Live Nation Entertainment LYV | United States | $41.3B | +7% | +11% | 6% | 125.4× | 18.6% | +68.4% |
| TKO TKO | United States | $36.2B | +3% | +36% | 22% | 25.4× | 20.8% | +37.2% |
| Liberty Live Holdings, Inc. Registered Series -A- LLYVA | United States | $9.64B | +9% | n/a | -13% | n/a | n/a | n/a |
| Toho 9602.T | Japan | $9.44B | +22% | +4% | 16% | 28.4× | 7.9% | +13.4% |
| DraftKings DKNG | United States | $9.19B | -27% | +15% | -3% | 55.1× | 9.7% | +58.0% |
| Lottery TLC.AX | Australia | $8.47B | +4% | -5% | 16% | 33.3× | 9.9% | +3.8% |
| MSG Knickerbockers MSGK | United States | $7.51B | n/a | +11% | 3% | n/a | 61.1% | +22.6% |
| Churchill Downs CHDN | United States | $6.71B | +11% | +4% | 26% | 13.6× | 2.3% | +22.7% |
| CTS Eventim AG & Co. KGaA EVD.DE | Germany | $6.68B | +11% | +14% | 15% | 18.4× | 6.8% | +64.3% |
| Genting Singapore G13.SI | Singapore | $5.76B | -10% | +2% | 15% | 19.1× | -5.0% | +18.2% |
| Beijing Enlight Media 300251.SZ | China | $5.49B | -16% | -71% | -57% | 179.5× | n/a | n/a |
| Benefit Systems BFT.WA | Poland | $5.18B | +54% | +40% | 19% | 23.7× | 13.4% | +34.3% |
| Cinemark CNK | United States | $4.51B | +44% | +13% | 15% | 14.8× | 2.4% | +35.3% |
| China Film 600977.SS | China | $4.48B | +16% | 0% | -9% | 141.5× | -7.1% | +10.4% |
| Lionsgate Studios LION | United States | $4.24B | +16% | -8% | 6% | 52.8× | 18.6% | -8.0% |
| Toei Animation 4816.T | Japan | $4.17B | +23% | -2% | 31% | 27.9× | 0.5% | +12.7% |
| Manchester United MANU | United States | $3.90B | +15% | +5% | -2% | 142.1× | 18.3% | +6.5% |
| Banijay BNJ.AS | Netherlands | $3.83B | -13% | +7% | 14% | 8.0× | -4.5% | +18.1% |
| Madison Square Garden Entertainment MSGE | United States | $3.65B | +18% | +16% | 17% | 32.1× | 5.0% | +66.9% |
| Atlanta Braves BATRA | United States | $3.23B | +1% | +6% | -9% | n/a | n/a | n/a |
Walt Disney Company (The) has 38 bonds outstanding with $32.9B face value. The agencies rate it A; its bonds trade like AA-. Weighted yield 5.48%, a spread of 59 bp over government bonds.
Walt Disney Company (The) reported $16.0B of remaining performance obligations at 27 Jun 2026, flat from a year earlier and down 6% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 0.96.