Walt Disney Co. (NYSE:DIS)

Gross Profit Margin

The gross profit margin exhibited a generally increasing trend over the analyzed period. Starting at 32.89% in 2020, it experienced a gradual rise, reaching 37.76% by 2025. Notably, there was a slight dip in 2023 to 33.41% after an increase in 2022, but the overall trajectory remained positive, indicating improving efficiency or favorable product mix over time.

Operating Profit Margin

Operating profit margin demonstrated significant improvement throughout the years. Beginning with a negative margin of -2.97% in 2020, it moved into positive territory in 2021 at 4.46%, and continued to climb, peaking at 13.78% in 2025. Some fluctuations appeared between 2022 (7.90%) and 2023 (5.74%), but the overall development reflects enhanced operational efficiency and cost management.

Net Profit Margin

The net profit margin mirrored the positive shift observed in operating margin. From a negative margin of -4.38% in 2020, the margin improved to positive figures in subsequent years, displaying moderate growth up to 5.44% in 2024 and a notable increase to 13.14% in 2025. This progression suggests strengthening profitability after expenses, including taxes and interest.

Return on Equity (ROE)

ROE showed recovery from negative returns in 2020 (-3.43%) to consistent positive returns from 2021 onward. The figure increased steadily, culminating in a robust 11.29% in 2025. The trend indicates increasing effectiveness in generating shareholder returns, with a notable acceleration in the last two years.

Return on Assets (ROA)

The return on assets followed a similar upward pattern, commencing at a negative -1.42% in 2020, then shifting to positive figures, reaching 6.28% in 2025. This improvement demonstrates better utilization of assets to generate profits, with significant gains visible especially in the latest reporting periods.

Revenue Trends

There is a consistent upward trend in revenue over the periods analyzed. Starting from approximately $65.4 billion, revenue increased steadily each year, reaching around $94.4 billion in the most recent period. This represents a notable growth in top-line sales, indicating expanding operational scale or market demand.

Gross Profit Performance

Gross profit also demonstrates a positive trajectory, rising from about $21.5 billion to $35.7 billion by the last period. This growth aligns with the revenue increase, suggesting that cost of goods sold has not outpaced revenue gains significantly, thus maintaining profitability at the gross level.

Gross Profit Margin Analysis

The gross profit margin percentage shows a generally improving trend, increasing from around 32.9% early in the data set to roughly 37.8% in the latest period. Although there was a slight dip in one period, margins recovered and improved thereafter, reflecting better cost control or favorable pricing strategies.

Overall Observations

The financial data indicates a healthy expansion in both revenue and profitability. The upward movement in gross profit margin further suggests operational efficiencies or a shift toward higher-margin products or services. The combination of growing revenue and improving margins positions the company well for sustained financial strength.

Revenue Trends

The company's revenues demonstrate a steady upward trajectory over the observed periods. Starting from approximately 65.4 billion USD, revenues increased consistently each year, reaching approximately 94.4 billion USD by the last period. This persistent growth indicates successful expansion or increased sales capacity.

Operating Income (Loss) Analysis

Operating income exhibited significant fluctuation initially, transitioning from a substantial loss of about 1.9 billion USD in the earliest period to a positive figure of 3.0 billion USD the following year. Subsequently, there is a strong upward trend, with operating income growing substantially to over 13 billion USD by the final period. This progression suggests improved operational efficiency and profitability.

Operating Profit Margin Dynamics

The operating profit margin reflects considerable improvement, starting from a negative margin of approximately -3% and becoming positive in the next period. It subsequently increased, albeit with some variability, reaching nearly 14% by the end of the timeline. This upward margin trend complements the increasing operating income and revenues, indicating enhanced cost management or higher-margin revenue streams.

Overall Insights

The data underscores a clear turnaround in operating performance, moving from operating losses to robust profits alongside increasing revenues. The rising operating profit margin corroborates improved profitability. These patterns collectively suggest the company's successful efforts in optimizing operations and scaling revenue effectively over the analyzed timeframe.

Revenues

Over the examined periods, revenues have exhibited a consistent upward trend. Starting from approximately 65.4 billion US dollars, revenue increased steadily each year, reaching approximately 94.4 billion US dollars by the latest period. This growth indicates a sustained expansion of the company's top-line performance over the five-year timeframe.

Net Income (Loss) Attributable to the Company

The net income experienced significant volatility in the early years, with a substantial loss of about 2.86 billion US dollars initially, followed by a recovery into positive territory from the subsequent year onward. From 2021, net income posted a generally upward trajectory, increasing from approximately 2.0 billion US dollars to over 12.4 billion US dollars by the most recent year. This marked improvement highlights an enhanced profitability position.

Net Profit Margin

The net profit margin aligned closely with net income trends, reflecting an initial negative margin of around -4.38%, turning positive in the following year and gradually increasing over time. Margins showed moderate stability between 2.65% and 5.44% in intermediate years, before a sharp rise to 13.14% in the latest year, suggesting a significant improvement in operational efficiency and overall profitability relative to revenue.

Overall Analysis

The financial data demonstrates a turnaround from an early loss into strong profitability, supported by steady revenue growth and improved profit margins. The sharp increase in net income and margin in the latest period points to considerable advancement in the company’s financial health and operational performance. These trends together suggest effective management strategies and favorable business conditions contributing to enhanced value generation.

The financial data reveals significant positive trends over the periods examined. The net income attributable to the company shows a pronounced recovery and growth trajectory. Initially, a substantial net loss is observed, followed by a transition to positive net income, which steadily increases and culminates in a markedly higher figure in the final period analyzed.

Total shareholder’s equity displays consistent growth throughout the periods. This increase indicates a strengthening in the company's capital base and suggests retained earnings or other factors contributing to equity accumulation over time.

Return on Equity (ROE) mirrors the net income trend, beginning with a negative rate, reflecting the initial loss. Subsequently, ROE turns positive and steadily rises, highlighting improved profitability and more efficient utilization of equity over time. The spike in the final period to a significantly higher percentage underscores an enhanced capacity to generate returns for shareholders.

Net Income (Loss)

The company moved from a net loss position to increasingly robust profit levels over the periods. This demonstrates a turnaround and growth in profitability.

Total Shareholder’s Equity

There is a steady, incremental increase in equity, indicating a reinforcing financial foundation and accumulation of net assets.

Return on Equity (ROE)

The trend from negative to positive ROE, with a substantial rise toward the end, reflects improving financial performance and effective equity management.

Overall, the data suggests a positive transformation in the company's financial health, marked by improving profitability, strengthening equity, and enhanced return generation for shareholders.

Net income (loss) attributable to The Walt Disney Company

The net income demonstrates a substantial recovery and significant growth over the analyzed period. In the initial year, there was a notable loss of 2,864 million USD. This turned positive in the following year, with net income reaching 1,995 million USD. The upward trajectory continued, peaking at 12,404 million USD by the latest fiscal year, reflecting strong profitability improvements and effective operational performance.

Total assets

Total assets have remained relatively stable throughout the years, with minor fluctuations. The asset base started at approximately 201.5 billion USD, slightly increased in the middle years, and then experienced a small decline towards the penultimate year before a modest rise in the final year of the data. This suggests consistent asset management without significant expansion or contraction.

Return on Assets (ROA)

ROA followed a positive trend over the period, moving from a negative -1.42% initially to a robust 6.28% by the end. The initial negative return reflects the early-period losses, but profitability improvements led to a steady increase in asset efficiency. The ROA growth indicates enhanced utilization of assets to generate earnings, aligning with the rising net income figures.