Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Analysis of Profitability Ratios 

Microsoft Excel LibreOffice Calc

Profitability Ratios (Summary)

Walt Disney Co., profitability ratios

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Return on Sales
Gross profit margin 33.06% 32.89% 39.60% 44.94% 45.04% 46.09%
Operating profit margin 4.46% -2.97% 15.33% 24.91% 24.98% 25.53%
Net profit margin 2.96% -4.38% 15.89% 21.20% 16.29% 16.88%
Return on Investment
Return on equity (ROE) 2.25% -3.43% 12.44% 25.83% 21.74% 21.71%
Return on assets (ROA) 0.98% -1.42% 5.70% 12.78% 9.37% 10.20%

Based on: 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).

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. gross profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Walt Disney Co. operating profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Walt Disney Co. net profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Walt Disney Co. ROE deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
ROA A profitability ratio calculated as net income divided by total assets. Walt Disney Co. ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Gross Profit Margin

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

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Selected Financial Data (US$ in millions)
Gross profit 22,287  21,508  27,552  26,708  24,831  25,639 
Revenues 67,418  65,388  69,570  59,434  55,137  55,632 
Profitability Ratio
Gross profit margin1 33.06% 32.89% 39.60% 44.94% 45.04% 46.09%
Benchmarks
Gross Profit Margin, Competitors2
Alphabet Inc. 56.94% 53.58% 55.58% 56.48% 58.88%
Charter Communications Inc. 39.09% 37.77% 36.14% 36.15% 36.17%
Comcast Corp. 66.96% 68.02% 68.39% 68.58% 69.97%
Meta Platforms Inc. 80.79% 80.58% 81.94% 83.25% 86.58%
Netflix Inc. 41.64% 38.89% 38.28% 36.89% 34.49%
Twitter Inc. 64.60% 63.23% 67.13% 68.28% 64.75%

Based on: 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).

1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × 22,287 ÷ 67,418 = 33.06%

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. gross profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Operating Profit Margin

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

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Selected Financial Data (US$ in millions)
Operating income (loss) 3,005  (1,941) 10,668  14,804  13,775  14,202 
Revenues 67,418  65,388  69,570  59,434  55,137  55,632 
Profitability Ratio
Operating profit margin1 4.46% -2.97% 15.33% 24.91% 24.98% 25.53%
Benchmarks
Operating Profit Margin, Competitors2
Alphabet Inc. 30.55% 22.59% 21.15% 19.24% 23.59%
Charter Communications Inc. 20.37% 17.48% 14.23% 11.97% 9.87%
Comcast Corp. 17.89% 16.89% 19.39% 20.11% 21.28%
Meta Platforms Inc. 39.65% 38.01% 33.93% 44.62% 49.70%
Netflix Inc. 20.86% 18.34% 12.92% 10.16% 7.17%
Twitter Inc. -9.70% 0.72% 10.59% 14.90% 1.59%
Operating Profit Margin, Sector
Media & Entertainment 25.63% 19.92% 20.71% 22.57% 23.95%
Operating Profit Margin, Industry
Communication Services 22.19% 16.35% 19.50% 19.36% 20.23%

Based on: 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).

1 2021 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 3,005 ÷ 67,418 = 4.46%

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. operating profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Net Profit Margin

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

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Selected Financial Data (US$ in millions)
Net income (loss) attributable to The Walt Disney Company (Disney) 1,995  (2,864) 11,054  12,598  8,980  9,391 
Revenues 67,418  65,388  69,570  59,434  55,137  55,632 
Profitability Ratio
Net profit margin1 2.96% -4.38% 15.89% 21.20% 16.29% 16.88%
Benchmarks
Net Profit Margin, Competitors2
Alphabet Inc. 29.51% 22.06% 21.22% 22.46% 11.42%
Charter Communications Inc. 9.01% 6.70% 3.64% 2.82% 23.80%
Comcast Corp. 12.17% 10.17% 11.99% 12.41% 26.87%
Meta Platforms Inc. 33.38% 33.90% 26.15% 39.60% 39.20%
Netflix Inc. 17.23% 11.05% 9.26% 7.67% 4.78%
Twitter Inc. -4.36% -30.56% 42.37% 39.63% -4.42%
Net Profit Margin, Sector
Media & Entertainment 21.85% 15.93% 17.05% 19.76% 20.36%
Net Profit Margin, Industry
Communication Services 18.11% 11.06% 14.14% 15.73% 19.99%

Based on: 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).

1 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Revenues
= 100 × 1,995 ÷ 67,418 = 2.96%

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. net profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Return on Equity (ROE)

Walt Disney Co., ROE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Selected Financial Data (US$ in millions)
Net income (loss) attributable to The Walt Disney Company (Disney) 1,995  (2,864) 11,054  12,598  8,980  9,391 
Total Disney Shareholder’s equity 88,553  83,583  88,877  48,773  41,315  43,265 
Profitability Ratio
ROE1 2.25% -3.43% 12.44% 25.83% 21.74% 21.71%
Benchmarks
ROE, Competitors2
Alphabet Inc. 30.22% 18.09% 17.05% 17.30% 8.30%
Charter Communications Inc. 33.12% 13.53% 5.30% 3.39% 25.32%
Comcast Corp. 14.73% 11.66% 15.78% 16.38% 33.11%
Meta Platforms Inc. 31.53% 22.72% 18.29% 26.28% 21.43%
Netflix Inc. 32.28% 24.96% 24.62% 23.12% 15.60%
Twitter Inc. -3.03% -14.25% 16.84% 17.71% -2.14%
ROE, Sector
Media & Entertainment 23.58% 14.44% 15.70% 18.78% 18.37%
ROE, Industry
Communication Services 20.34% 11.32% 14.89% 17.13% 22.80%

Based on: 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).

1 2021 Calculation
ROE = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Total Disney Shareholder’s equity
= 100 × 1,995 ÷ 88,553 = 2.25%

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. ROE deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Return on Assets (ROA)

Walt Disney Co., ROA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Selected Financial Data (US$ in millions)
Net income (loss) attributable to The Walt Disney Company (Disney) 1,995  (2,864) 11,054  12,598  8,980  9,391 
Total assets 203,609  201,549  193,984  98,598  95,789  92,033 
Profitability Ratio
ROA1 0.98% -1.42% 5.70% 12.78% 9.37% 10.20%
Benchmarks
ROA, Competitors2
Alphabet Inc. 21.16% 12.60% 12.45% 13.20% 6.42%
Charter Communications Inc. 3.27% 2.23% 1.13% 0.84% 6.75%
Comcast Corp. 5.13% 3.85% 4.96% 4.66% 12.15%
Meta Platforms Inc. 23.72% 18.29% 13.86% 22.72% 18.85%
Netflix Inc. 11.48% 7.03% 5.49% 4.66% 2.94%
Twitter Inc. -1.57% -8.49% 11.54% 11.86% -1.46%
ROA, Sector
Media & Entertainment 11.70% 7.12% 7.72% 9.37% 9.58%
ROA, Industry
Communication Services 7.99% 4.45% 5.95% 6.85% 8.93%

Based on: 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).

1 2021 Calculation
ROA = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Total assets
= 100 × 1,995 ÷ 203,609 = 0.98%

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. ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.