The Walt Disney Company

DISNYSE

$112.72

Last price · USD

Market cap: $204.1B
P/E: 16.5x
EV / EBITDA: 12.7x
P/S: 2.2x
FCF yield: 4.9%
Div. yield: 0.88%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

The Walt Disney Company balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	5,695	6,002	14,182	11,615	15,959	-22.7%
Cash & short-term investments	5,695	6,002	14,182	11,615	15,959	-22.7%
Net receivables	13,217	12,729	12,330	12,652	13,367	-0.3%
Accounts receivable	10,344	10,258	10,064	10,653	11,007	-1.5%
Other receivables	2,873	2,471	2,266	1,999	2,360	+5.0%
Inventory	2,134	2,022	1,963	1,742	1,331	+12.5%
Prepaids	2,063	2,097	3,002	1,890	2,183	-1.4%
Other current assets	1,158	2,391	1,286	1,199	817	+9.1%
Total current assets	24,267	25,241	32,763	29,098	33,657	-7.9%
Non-current assets
Property, plant & equipment (net)	41,255	37,041	34,941	33,596	32,624	+6.0%
Goodwill	73,294	73,326	77,067	77,897	78,071	-1.6%
Intangible assets	9,272	10,739	13,061	14,837	17,115	-14.2%
Goodwill & intangible assets	82,566	84,065	90,128	92,734	95,186	-3.5%
Long-term investments	8,097	4,459	3,080	3,218	3,935	+19.8%
Tax assets	0	0	0	8,363	29,549	—
Other non-current assets	41,329	45,413	44,667	36,622	8,658	+47.8%
Total non-current assets	173,247	170,978	172,816	174,533	169,952	+0.5%
Total assets	197,514	196,219	205,579	203,631	203,609	-0.8%
Current liabilities
Accounts payable	15,055	14,796	15,125	16,205	16,357	-2.1%
Other payables	2,301	2,473	2,276	0	0	—
Total payables	17,356	17,269	17,401	16,205	16,357	+1.5%
Short-term debt	7,257	7,619	5,107	3,721	6,544	+2.6%
Tax payables	0	2,473	2,276	378	0	—
Deferred revenue	5,689	5,587	5,568	5,531	4,067	+8.8%
Other current liabilities	273	452	2	169	627	-18.8%
Total current liabilities	34,162	34,599	31,139	29,073	31,077	+2.4%
Non-current liabilities
Long-term debt	35,315	38,970	42,101	45,299	48,540	-7.6%
Capital lease obligations (non-current)	2,851	2,928	3,464	3,239	3,229	-3.1%
Deferred tax liabilities (non-current)	3,524	6,277	7,258	8,363	7,246	-16.5%
Other non-current liabilities	7,050	7,923	8,605	9,279	11,293	-11.1%
Total non-current liabilities	48,740	56,098	61,428	66,180	70,308	-8.8%
Capital lease obligations	2,851	2,928	3,464	3,239	3,229	-3.1%
Total debt	45,423	49,517	50,672	52,259	58,313	-6.1%
Total liabilities	82,902	90,697	92,567	95,253	101,385	-4.9%
Stockholders' equity
Common stock	59,814	58,592	57,383	56,398	55,471	+1.9%
Retained earnings	60,410	49,722	46,093	43,636	40,429	+10.6%
Treasury stock	(7,441)	(3,919)	(907)	(907)	(907)	—
Accumulated other comprehensive income (loss)	(2,914)	(3,699)	(3,292)	(4,119)	(6,440)	—
Total stockholders' equity	109,869	100,696	99,277	95,008	88,553	+5.5%
Total equity	114,612	105,522	113,012	108,378	102,224	+2.9%
Minority interest	4,743	4,826	13,735	13,370	13,671	-23.3%
Total liabilities & equity	197,514	196,219	205,579	203,631	203,609	-0.8%
Additional fields
Accrued Expenses	3,587	3,672	3,061	3,447	3,482	+0.7%
Net Debt	39,728	43,515	36,490	40,641	42,351	-1.6%
Total Investments	8,097	4,459	3,080	3,218	3,935	+19.8%

The Walt Disney Company

DISNYSE

$112.72

Last price · USD

Market cap: $204.1B
P/E: 16.5x
EV / EBITDA: 12.7x
P/S: 2.2x
FCF yield: 4.9%
Div. yield: 0.88%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

The Walt Disney Company balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	5,695	6,002	14,182	11,615	15,959	-22.7%
Cash & short-term investments	5,695	6,002	14,182	11,615	15,959	-22.7%
Net receivables	13,217	12,729	12,330	12,652	13,367	-0.3%
Accounts receivable	10,344	10,258	10,064	10,653	11,007	-1.5%
Other receivables	2,873	2,471	2,266	1,999	2,360	+5.0%
Inventory	2,134	2,022	1,963	1,742	1,331	+12.5%
Prepaids	2,063	2,097	3,002	1,890	2,183	-1.4%
Other current assets	1,158	2,391	1,286	1,199	817	+9.1%
Total current assets	24,267	25,241	32,763	29,098	33,657	-7.9%
Non-current assets
Property, plant & equipment (net)	41,255	37,041	34,941	33,596	32,624	+6.0%
Goodwill	73,294	73,326	77,067	77,897	78,071	-1.6%
Intangible assets	9,272	10,739	13,061	14,837	17,115	-14.2%
Goodwill & intangible assets	82,566	84,065	90,128	92,734	95,186	-3.5%
Long-term investments	8,097	4,459	3,080	3,218	3,935	+19.8%
Tax assets	0	0	0	8,363	29,549	—
Other non-current assets	41,329	45,413	44,667	36,622	8,658	+47.8%
Total non-current assets	173,247	170,978	172,816	174,533	169,952	+0.5%
Total assets	197,514	196,219	205,579	203,631	203,609	-0.8%
Current liabilities
Accounts payable	15,055	14,796	15,125	16,205	16,357	-2.1%
Other payables	2,301	2,473	2,276	0	0	—
Total payables	17,356	17,269	17,401	16,205	16,357	+1.5%
Short-term debt	7,257	7,619	5,107	3,721	6,544	+2.6%
Tax payables	0	2,473	2,276	378	0	—
Deferred revenue	5,689	5,587	5,568	5,531	4,067	+8.8%
Other current liabilities	273	452	2	169	627	-18.8%
Total current liabilities	34,162	34,599	31,139	29,073	31,077	+2.4%
Non-current liabilities
Long-term debt	35,315	38,970	42,101	45,299	48,540	-7.6%
Capital lease obligations (non-current)	2,851	2,928	3,464	3,239	3,229	-3.1%
Deferred tax liabilities (non-current)	3,524	6,277	7,258	8,363	7,246	-16.5%
Other non-current liabilities	7,050	7,923	8,605	9,279	11,293	-11.1%
Total non-current liabilities	48,740	56,098	61,428	66,180	70,308	-8.8%
Capital lease obligations	2,851	2,928	3,464	3,239	3,229	-3.1%
Total debt	45,423	49,517	50,672	52,259	58,313	-6.1%
Total liabilities	82,902	90,697	92,567	95,253	101,385	-4.9%
Stockholders' equity
Common stock	59,814	58,592	57,383	56,398	55,471	+1.9%
Retained earnings	60,410	49,722	46,093	43,636	40,429	+10.6%
Treasury stock	(7,441)	(3,919)	(907)	(907)	(907)	—
Accumulated other comprehensive income (loss)	(2,914)	(3,699)	(3,292)	(4,119)	(6,440)	—
Total stockholders' equity	109,869	100,696	99,277	95,008	88,553	+5.5%
Total equity	114,612	105,522	113,012	108,378	102,224	+2.9%
Minority interest	4,743	4,826	13,735	13,370	13,671	-23.3%
Total liabilities & equity	197,514	196,219	205,579	203,631	203,609	-0.8%
Additional fields
Accrued Expenses	3,587	3,672	3,061	3,447	3,482	+0.7%
Net Debt	39,728	43,515	36,490	40,641	42,351	-1.6%
Total Investments	8,097	4,459	3,080	3,218	3,935	+19.8%