Walt Disney Co
DIS · Services-Miscellaneous Amusement & Recreation · 1.74B shares · +2%/yr ↑ shares · EDGAR filings ↗
Grade
A85Diversified, wide-moat entertainment and parks franchise with top-decile cash generation and strong margins.
Strengths
- FCF $10.1B (100th pct), net margin 13.1% (82nd pct) and OCF margin 19.2% (88th pct)
- Durable IP/brand moat across parks, studios and streaming; operating margin 18.6% (81st pct)
- Net income more than doubled to $12.4B; ROA at 75th pct
Risks
- Linear-TV secular decline and DTC profitability transition
- ROE 11.3% only moderate (60th pct) given large equity base
- Macro/consumer-cyclical exposure at Experiences and FX sensitivity
Notable findings
- No interest coverageInterest coverage -9.69 (cannot cover interest)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Weak liquidityCurrent ratio 0.71 (<1)
- Strong balance sheetStrong balance sheet — $13.8B cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
18.6%
Net margin
13.1%
Return on equity
11.3%
Return on assets
6.3%
ROIC
9.6%
Revenue growth (QoQ)
-3.1%
Net-income growth
149.5%
Debt / equity
0.3×
Net debt / EBITDA
0.9×
Interest coverage
-9.7×
Current ratio
0.7×
Free cash flow
$10.1B
EBITDA
$22.9B
Tangible book value
$27.3B
Cash & investments
$13.8B
Stock comp / revenue
1.4%
Supply chain
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-03-20 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-03-03 | OtherExhibits | filing ↗ |
| 2026-02-24 | Exec/director changeExhibits | filing ↗ |
| 2026-02-12 | OtherExhibits | filing ↗ |
| 2026-02-03 | Exec/director changeOtherExhibits | filing ↗ |
| 2026-02-02 | ResultsExhibits | filing ↗ |
| 2025-12-09 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-06 | 2026-05-06 | 0001744489-26-000036 ↗ |
| 10-Q | 2026-05-06 | 2026-03-28 | 0001744489-26-000037 ↗ |
| 8-K | 2026-03-20 | 2026-03-18 | 0001628280-26-020172 ↗ |
| 8-K | 2026-03-03 | 2026-02-27 | 0001193125-26-088356 ↗ |
| 8-K | 2026-02-24 | 2026-02-20 | 0001744489-26-000025 ↗ |
| 8-K | 2026-02-12 | 2026-02-10 | 0001193125-26-048674 ↗ |
| 8-K | 2026-02-03 | 2026-02-02 | 0001744489-26-000022 ↗ |
| 10-Q | 2026-02-02 | 2025-12-27 | 0001744489-26-000019 ↗ |
| 8-K | 2026-02-02 | 2026-02-02 | 0001744489-26-000018 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0001744489-25-000159 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001744489-25-000154 ↗ |
| 10-K | 2025-11-13 | 2025-09-27 | 0001744489-25-000155 ↗ |