Return on Equity (ROE)
since 2005
Calculation
Walt Disney Co., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to The Walt Disney Company (Disney)1 | ÷ | Total Disney Shareholder’s equity1 | |
|---|---|---|---|---|---|---|---|
| Sep 28, 2024 | 4.94% | = | 100 | × | 4,972) | ÷ | 100,696) |
| Sep 30, 2023 | 2.37% | = | 100 | × | 2,354) | ÷ | 99,277) |
| Oct 1, 2022 | 3.31% | = | 100 | × | 3,145) | ÷ | 95,008) |
| Oct 2, 2021 | 2.25% | = | 100 | × | 1,995) | ÷ | 88,553) |
| Oct 3, 2020 | -3.43% | = | 100 | × | (2,864) | ÷ | 83,583) |
| Sep 28, 2019 | 12.44% | = | 100 | × | 11,054) | ÷ | 88,877) |
| Sep 29, 2018 | 25.83% | = | 100 | × | 12,598) | ÷ | 48,773) |
| Sep 30, 2017 | 21.74% | = | 100 | × | 8,980) | ÷ | 41,315) |
| Oct 1, 2016 | 21.71% | = | 100 | × | 9,391) | ÷ | 43,265) |
| Oct 3, 2015 | 18.83% | = | 100 | × | 8,382) | ÷ | 44,525) |
| Sep 27, 2014 | 16.68% | = | 100 | × | 7,501) | ÷ | 44,958) |
| Sep 28, 2013 | 13.51% | = | 100 | × | 6,136) | ÷ | 45,429) |
| Sep 29, 2012 | 14.29% | = | 100 | × | 5,682) | ÷ | 39,759) |
| Oct 1, 2011 | 12.86% | = | 100 | × | 4,807) | ÷ | 37,385) |
| Oct 2, 2010 | 10.56% | = | 100 | × | 3,963) | ÷ | 37,519) |
| Oct 3, 2009 | 9.80% | = | 100 | × | 3,307) | ÷ | 33,734) |
| Sep 27, 2008 | 13.70% | = | 100 | × | 4,427) | ÷ | 32,323) |
| Sep 29, 2007 | 15.24% | = | 100 | × | 4,687) | ÷ | 30,753) |
| Sep 30, 2006 | 10.60% | = | 100 | × | 3,374) | ÷ | 31,820) |
| Oct 1, 2005 | 9.66% | = | 100 | × | 2,533) | ÷ | 26,210) |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
1 US$ in millions
The net income attributable to the company exhibits significant fluctuations over the observed period. Beginning with a positive net income of $2,533 million in 2005, there is a general upward trend reaching a peak of $12,598 million in 2018. However, this performance is interrupted in 2020 by a notable net loss of $2,864 million, likely signaling an adverse event or extraordinary circumstance. Following this downturn, the company returns to profitability, with net income recovering to $4,972 million by 2024, though it remains below earlier peak levels.
Total shareholder’s equity shows a consistent growth pattern throughout the period. Starting at $26,210 million in 2005, there is a steady increase with minor fluctuations until 2019, when equity surges sharply to $88,877 million. This elevated level is mostly sustained, maintaining values above $83,000 million through 2024, indicating solid capital base expansion.
The return on equity (ROE) reflects variability corresponding with net income trends. Initially, ROE rises gradually from 9.66% in 2005 to a high of 25.83% in 2018, signaling increasing efficiency in generating profits from equity. The index experiences a significant decline in 2020 to -3.43%, coinciding with the net loss in that year. Subsequent years show modest recovery in ROE, reaching 4.94% by 2024, although still below historical highs, indicating some persistent challenges in profitability relative to equity.
Overall, the company demonstrates strong growth in equity and profitability up to 2018, followed by a sharp downturn in 2020 with a recovery trend seen thereafter. The fluctuations in net income and ROE suggest sensitivity to external or operational disruptions, while the sustained increase in shareholder equity indicates ongoing capital strengthening.
Comparison to Competitors
Walt Disney Co., ROE, long-term trends, comparison to competitors
| Walt Disney Co. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Take-Two Interactive Software Inc. | |
|---|---|---|---|---|---|---|
| Sep 28, 2024 | 4.94% | 30.80% | 18.92% | 34.14% | 35.21% | -66.06% |
| Sep 30, 2023 | 2.37% | 26.04% | 18.61% | 25.53% | 26.27% | -12.44% |
| Oct 1, 2022 | 3.31% | 23.41% | 6.63% | 18.45% | 21.62% | 10.97% |
| Oct 2, 2021 | 2.25% | 30.22% | 14.73% | 31.53% | 32.28% | 17.67% |
| Oct 3, 2020 | -3.43% | 18.09% | 11.66% | 22.72% | 24.96% | 15.93% |
| Sep 28, 2019 | 12.44% | 17.05% | 15.78% | 18.29% | 24.62% | 16.36% |
| Sep 29, 2018 | 25.83% | 17.30% | 16.38% | 26.28% | 23.12% | 11.65% |
| Sep 30, 2017 | 21.74% | 8.30% | 33.11% | 21.43% | 15.60% | 6.71% |
| Oct 1, 2016 | 21.71% | 14.01% | 16.12% | 17.26% | 6.97% | -1.43% |
| Oct 3, 2015 | 18.83% | 13.59% | 15.62% | 8.34% | 5.52% | -49.63% |
| Sep 27, 2014 | 16.68% | 13.82% | 15.90% | 8.14% | 14.36% | 45.10% |
| Sep 28, 2013 | 13.51% | 14.80% | 13.45% | 9.70% | 8.43% | -5.02% |
| Sep 29, 2012 | 14.29% | 14.97% | 12.57% | 0.45% | 2.30% | -18.27% |
| Oct 1, 2011 | 12.86% | 16.75% | 8.80% | — | 35.18% | 7.88% |
| Oct 2, 2010 | 10.56% | 18.39% | 8.20% | — | 55.44% | -23.62% |
| Oct 3, 2009 | 9.80% | 18.11% | 8.52% | — | 58.18% | -27.25% |
| Sep 27, 2008 | 13.70% | 14.97% | 6.30% | — | 23.92% | 15.79% |
| Sep 29, 2007 | 15.24% | 18.53% | 6.26% | — | 15.54% | -29.38% |
| Sep 30, 2006 | 10.60% | 18.06% | 6.15% | — | 11.85% | -33.59% |
| Oct 1, 2005 | 9.66% | 15.56% | 2.31% | — | 18.58% | 5.38% |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
Comparison to Sector (Media & Entertainment)
Walt Disney Co., ROE, long-term trends, comparison to sector (media & entertainment)
| Walt Disney Co. | Media & Entertainment | |
|---|---|---|
| Sep 28, 2024 | 4.94% | 26.04% |
| Sep 30, 2023 | 2.37% | 20.82% |
| Oct 1, 2022 | 3.31% | 16.59% |
| Oct 2, 2021 | 2.25% | 23.65% |
| Oct 3, 2020 | -3.43% | 14.91% |
| Sep 28, 2019 | 12.44% | 16.36% |
| Sep 29, 2018 | 25.83% | 20.20% |
| Sep 30, 2017 | 21.74% | 17.85% |
| Oct 1, 2016 | 21.71% | 16.06% |
| Oct 3, 2015 | 18.83% | 13.79% |
| Sep 27, 2014 | 16.68% | 14.07% |
| Sep 28, 2013 | 13.51% | 13.67% |
| Sep 29, 2012 | 14.29% | 12.98% |
| Oct 1, 2011 | 12.86% | 13.17% |
| Oct 2, 2010 | 10.56% | 12.52% |
| Oct 3, 2009 | 9.80% | 11.88% |
| Sep 27, 2008 | 13.70% | 11.16% |
| Sep 29, 2007 | 15.24% | 11.92% |
| Sep 30, 2006 | 10.60% | 9.72% |
| Oct 1, 2005 | 9.66% | 6.52% |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
Comparison to Industry (Communication Services)
Walt Disney Co., ROE, long-term trends, comparison to industry (communication services)
| Walt Disney Co. | Communication Services | |
|---|---|---|
| Sep 28, 2024 | 4.94% | 23.08% |
| Sep 30, 2023 | 2.37% | 18.63% |
| Oct 1, 2022 | 3.31% | 13.31% |
| Oct 2, 2021 | 2.25% | 20.33% |
| Oct 3, 2020 | -3.43% | 11.51% |
| Sep 28, 2019 | 12.44% | 15.27% |
| Sep 29, 2018 | 25.83% | 17.88% |
| Sep 30, 2017 | 21.74% | 22.82% |
| Oct 1, 2016 | 21.71% | 16.33% |
| Oct 3, 2015 | 18.83% | 16.29% |
| Sep 27, 2014 | 16.68% | 14.07% |
| Sep 28, 2013 | 13.51% | 16.60% |
| Sep 29, 2012 | 14.29% | 10.26% |
| Oct 1, 2011 | 12.86% | 8.87% |
| Oct 2, 2010 | 10.56% | 13.81% |
| Oct 3, 2009 | 9.80% | 11.54% |
| Sep 27, 2008 | 13.70% | 12.78% |
| Sep 29, 2007 | 15.24% | 11.04% |
| Sep 30, 2006 | 10.60% | 8.78% |
| Oct 1, 2005 | 9.66% | 10.04% |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).