Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Walt Disney Co. (NYSE:DIS)

Analysis of Profitability Ratios

Beginner level

Profitability Ratios (Summary)

Walt Disney Co., profitability ratios

Microsoft Excel LibreOffice Calc
Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016 Oct 3, 2015
Return on Sales
Gross profit margin 32.89% 39.60% 44.94% 45.04% 46.09% 45.94%
Operating profit margin -2.97% 15.33% 24.91% 24.98% 25.53% 25.10%
Net profit margin -4.38% 15.89% 21.20% 16.29% 16.88% 15.98%
Return on Investment
Return on equity (ROE) -3.43% 12.44% 25.83% 21.74% 21.71% 18.83%
Return on assets (ROA) -1.42% 5.70% 12.78% 9.37% 10.20% 9.51%

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-20), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Walt Disney Co.’s gross profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Walt Disney Co.’s operating profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Walt Disney Co.’s net profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Walt Disney Co.’s ROE deteriorated from 2018 to 2019 and from 2019 to 2020.
ROA A profitability ratio calculated as net income divided by total assets. Walt Disney Co.’s ROA deteriorated from 2018 to 2019 and from 2019 to 2020.

Gross Profit Margin

Walt Disney Co., gross profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016 Oct 3, 2015
Selected Financial Data (US$ in millions)
Gross profit 21,508  27,552  26,708  24,831  25,639  24,101 
Revenues 65,388  69,570  59,434  55,137  55,632  52,465 
Profitability Ratio
Gross profit margin1 32.89% 39.60% 44.94% 45.04% 46.09% 45.94%
Benchmarks
Gross Profit Margin, Competitors2
Activision Blizzard Inc. 72.05% 67.73% 66.44% 64.36% 63.77%
Alphabet Inc. 53.58% 55.58% 56.48% 58.88% 61.08%
Charter Communications Inc. 37.77% 36.14% 36.15% 36.17% 35.68%
Comcast Corp. 68.02% 68.39% 68.58% 69.97% 69.57%
Facebook Inc. 80.58% 81.94% 83.25% 86.58% 86.29%
Netflix Inc. 38.89% 38.28% 36.89% 34.49% 31.72%

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-20), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 2020 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × 21,508 ÷ 65,388 = 32.89%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Walt Disney Co.’s gross profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Operating Profit Margin

Walt Disney Co., operating profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016 Oct 3, 2015
Selected Financial Data (US$ in millions)
Operating income (loss) (1,941) 10,668  14,804  13,775  14,202  13,171 
Revenues 65,388  69,570  59,434  55,137  55,632  52,465 
Profitability Ratio
Operating profit margin1 -2.97% 15.33% 24.91% 24.98% 25.53% 25.10%
Benchmarks
Operating Profit Margin, Competitors2
Activision Blizzard Inc. 33.81% 24.76% 26.51% 18.65% 21.37%
Alphabet Inc. 22.59% 21.15% 19.24% 23.59% 26.27%
Charter Communications Inc. 17.48% 14.23% 11.97% 9.87% 8.47%
Comcast Corp. 16.89% 19.39% 20.11% 21.28% 20.97%
Facebook Inc. 38.01% 33.93% 44.62% 49.70% 44.96%
Netflix Inc. 18.34% 12.92% 10.16% 7.17% 4.30%
Operating Profit Margin, Sector
Media & Entertainment 20.28% 20.84% 22.70% 24.00% 23.95%
Operating Profit Margin, Industry
Communication Services 16.57% 19.58% 19.45% 20.28% 20.25%

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-20), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 2020 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × -1,941 ÷ 65,388 = -2.97%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Walt Disney Co.’s operating profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Net Profit Margin

Walt Disney Co., net profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016 Oct 3, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to The Walt Disney Company (Disney) (2,864) 11,054  12,598  8,980  9,391  8,382 
Revenues 65,388  69,570  59,434  55,137  55,632  52,465 
Profitability Ratio
Net profit margin1 -4.38% 15.89% 21.20% 16.29% 16.88% 15.98%
Benchmarks
Net Profit Margin, Competitors2
Activision Blizzard Inc. 27.17% 23.16% 24.17% 3.89% 14.62%
Alphabet Inc. 22.06% 21.22% 22.46% 11.42% 21.58%
Charter Communications Inc. 6.70% 3.64% 2.82% 23.80% 12.14%
Comcast Corp. 10.17% 11.99% 12.41% 26.87% 10.81%
Facebook Inc. 33.90% 26.15% 39.60% 39.20% 36.97%
Netflix Inc. 11.05% 9.26% 7.67% 4.78% 2.11%
Net Profit Margin, Sector
Media & Entertainment 16.44% 16.96% 19.69% 20.21% 17.58%
Net Profit Margin, Industry
Communication Services 11.38% 14.09% 15.72% 19.91% 12.79%

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-20), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 2020 Calculation
Net profit margin = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Revenues
= 100 × -2,864 ÷ 65,388 = -4.38%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Walt Disney Co.’s net profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Return on Equity (ROE)

Walt Disney Co., ROE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016 Oct 3, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to The Walt Disney Company (Disney) (2,864) 11,054  12,598  8,980  9,391  8,382 
Total Disney Shareholder’s equity 83,583  88,877  48,773  41,315  43,265  44,525 
Profitability Ratio
ROE1 -3.43% 12.44% 25.83% 21.74% 21.71% 18.83%
Benchmarks
ROE, Competitors2
Activision Blizzard Inc. 14.61% 11.74% 15.96% 2.89% 10.59%
Alphabet Inc. 18.09% 17.05% 17.30% 8.30% 14.01%
Charter Communications Inc. 13.53% 5.30% 3.39% 25.32% 8.77%
Comcast Corp. 11.66% 15.78% 16.38% 33.11% 16.12%
Facebook Inc. 22.72% 18.29% 26.28% 21.43% 17.26%
Netflix Inc. 24.96% 24.62% 23.12% 15.60% 6.97%
ROE, Sector
Media & Entertainment 14.84% 15.59% 18.72% 18.26% 15.10%
ROE, Industry
Communication Services 11.61% 14.82% 17.10% 22.69% 15.65%

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-20), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 2020 Calculation
ROE = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Total Disney Shareholder’s equity
= 100 × -2,864 ÷ 83,583 = -3.43%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Walt Disney Co.’s ROE deteriorated from 2018 to 2019 and from 2019 to 2020.

Return on Assets (ROA)

Walt Disney Co., ROA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016 Oct 3, 2015
Selected Financial Data (US$ in millions)
Net income (loss) attributable to The Walt Disney Company (Disney) (2,864) 11,054  12,598  8,980  9,391  8,382 
Total assets 201,549  193,984  98,598  95,789  92,033  88,182 
Profitability Ratio
ROA1 -1.42% 5.70% 12.78% 9.37% 10.20% 9.51%
Benchmarks
ROA, Competitors2
Activision Blizzard Inc. 9.51% 7.57% 10.17% 1.46% 5.54%
Alphabet Inc. 12.60% 12.45% 13.20% 6.42% 11.63%
Charter Communications Inc. 2.23% 1.13% 0.84% 6.75% 2.36%
Comcast Corp. 3.85% 4.96% 4.66% 12.15% 4.82%
Facebook Inc. 18.29% 13.86% 22.72% 18.85% 15.73%
Netflix Inc. 7.03% 5.49% 4.66% 2.94% 1.37%
ROA, Sector
Media & Entertainment 7.34% 7.67% 9.36% 9.48% 7.66%
ROA, Industry
Communication Services 4.58% 5.93% 6.85% 8.88% 5.72%

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-20), 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25).

1 2020 Calculation
ROA = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Total assets
= 100 × -2,864 ÷ 201,549 = -1.42%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Walt Disney Co.’s ROA deteriorated from 2018 to 2019 and from 2019 to 2020.