10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.6% per year over the past 5 years.
Operating margin has expanded, at 18.6% in the latest year.
Free cash flow has grown 43.5% per year over the past 5 years.
Financial health
Total debt ($42.0B) exceeds cash ($5.7B); net debt is $36.3B.
Total debt has grown slower than revenue (-6.4% vs 7.6% per year).
Operating income covered interest expense -9.7× in the latest year, down from 4.9× 5 years ago.
Total debt is 1.8× EBITDA.
Shareholder returns
Dividends have been paid for 2 consecutive years, consuming 14.5% of earnings and 17.9% of free cash flow.
The dividend has grown 2.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$94.4B
$12.4B
0.0%
18.6%
$10.1B
$42.0B
$5.7B
2024
$91.4B
$5.0B
0.0%
17.1%
$8.6B
$45.8B
$6.0B
2023
$88.9B
$2.4B
0.0%
14.5%
$4.9B
$46.4B
$14.2B
2022
$82.7B
$3.1B
0.0%
14.7%
—
$48.4B
$11.6B
2021
$67.4B
$2.0B
0.0%
11.5%
—
$54.4B
$16.0B
2020
$65.4B
-$2.9B
0.0%
12.4%
—
$58.6B
$17.9B
2019
$69.6B
$11.1B
0.0%
21.3%
—
$47.0B
$5.4B
2018
$59.4B
$12.6B
0.0%
26.4%
$9.8B
$20.9B
$4.2B
2017
$55.1B
$9.0B
0.0%
26.8%
$8.7B
$25.3B
$4.0B
2016
$55.6B
$9.4B
0.0%
28.3%
$8.4B
—
$4.6B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$25.2B
$2.2B
0.0%
18.3%
$4.9B
$47.4B
$5.7B
Dec '25
$26.0B
$2.4B
0.0%
17.7%
-$2.3B
$46.6B
$5.7B
Sep '25
$22.5B
$1.3B
0.0%
15.5%
$2.6B
$42.0B
$5.7B
Jun '25
$23.6B
$5.3B
0.0%
19.3%
$1.9B
$42.3B
$5.4B
Mar '25
$23.6B
$3.3B
0.0%
18.8%
$4.9B
$42.9B
$5.9B
Dec '24
$24.7B
$2.6B
0.0%
20.5%
$739M
$45.3B
$5.5B
Sep '24
$22.6B
$460M
0.0%
16.2%
$4.0B
$45.8B
$6.0B
Jun '24
$23.2B
$2.6B
0.0%
18.2%
$1.2B
$47.6B
$6.0B
Mar '24
$22.1B
-$20M
0.0%
17.4%
$2.4B
$46.3B
$6.6B
Dec '23
$23.5B
$1.9B
0.0%
16.5%
$886M
$47.7B
$7.2B
Sep '23
$21.2B
$264M
0.0%
14.0%
—
$46.4B
$14.2B
Jul '23
$22.3B
-$460M
0.0%
15.9%
$1.6B
$47.2B
$11.5B
Apr '23
$21.8B
$1.3B
0.0%
15.1%
$2.0B
$48.5B
$10.4B
Dec '22
$23.5B
$1.3B
0.0%
12.9%
-$2.2B
$48.4B
$8.5B
Oct '22
$20.1B
$162M
0.0%
7.9%
—
$48.4B
$11.6B
Jul '22
$21.5B
$1.4B
0.0%
16.6%
—
$51.6B
$13.0B
Apr '22
$19.2B
$470M
0.0%
19.2%
—
$52.0B
$13.3B
Jan '22
$21.8B
$1.1B
0.0%
14.9%
—
$54.1B
$14.4B
Oct '21
$18.5B
$159M
0.0%
8.6%
—
$54.4B
$16.0B
Jul '21
$17.0B
$918M
0.0%
14.0%
—
$55.8B
$16.1B
Valuation over time
How the market has priced DIS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 55.3× (Mar '23) to 13.7× (Jun '26).
The price-to-sales ratio has fallen from 2.1× (Mar '23) to 1.8× (Jun '26).
The dividend yield has risen from 0.8% (Sep '24) to 1.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is DIS growing its revenue and profit?
Over the past 5 years, Disney's revenue has grown 7.6% per year. These are computed facts, not advice.
How much debt does DIS have?
As of FY2025, Disney reported $42.0B of total debt against $5.7B of cash; operating income covered interest expense -9.7×.
What is DIS's profit margin?
In FY2025, gross margin was —, operating margin 18.6%, and net margin 13.1%.
What is DIS's P/E ratio?
As of Jun '26, Disney traded at a price-to-earnings ratio of about 13.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.