DIS Walt Disney Co

Overview and Growth

Walt Disney Co generated $94.42B of revenue in fiscal 2025, with net income of $12.40B and an operating cash inflow of $18.10B. Revenue of $94.42B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $91.36B in fiscal 2024, revenue recorded a 3.4% year-over-year increase. Diluted earnings per share were $6.85, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS increased by 151.8% from $2.72 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Asset turnover was 0.48x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operations produced $17.55B of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 18.6%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $12.40B, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 13.1% margin after operating costs and the remaining recognized items. The earnings statement records $12.00B of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 12.7%, relating income before taxes directly to revenue. The company recognized an income-tax benefit of $1.43B, increasing after-tax earnings relative to the pretax result. The effective tax-benefit relationship was 11.9% of positive pretax income. The relationship between net income and period-end equity was 10.8%, indicating the profitability achieved on book capital. Net income represented 6.3% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

At period end, the $197.51B asset base was financed through $82.90B of liabilities and $114.61B of equity. At period end, current assets of $24.27B compared with current liabilities of $34.16B, defining the company’s short-term resource position. At 0.71x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Cash and equivalents totaled $5.70B, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 16.7% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $42.03B, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.37x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 21.3%, comparing borrowing with the total asset balance. Liabilities represented 42.0% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 2.9% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 0.7% higher than fiscal 2024 assets of $196.22B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $18.10B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 1.46x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $8.02B, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 44.3% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $10.08B, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 10.7%, showing how much sales converted into cash after investment. Free cash flow equaled 5.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Sep 27, 2025. Analysis generated Sep 24, 2026.