Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Analysis of Profitability Ratios 
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Walt Disney Co., profitability ratios (quarterly data)

Microsoft Excel
Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016
Return on Sales
Gross profit margin 34.43% 33.79% 34.34% 33.06% 31.12% 30.65% 29.85% 32.89% 35.96% 36.60% 38.72% 39.60% 40.87% 43.39% 44.45% 44.94% 45.03% 45.18% 45.00% 45.04% 45.23% 46.20% 46.03% 46.09%
Operating profit margin 8.01% 7.08% 6.93% 4.46% 2.60% -7.99% -7.37% -2.97% 1.25% 10.76% 13.22% 15.33% 18.18% 22.00% 24.32% 24.91% 24.62% 24.81% 24.86% 24.98% 25.36% 25.90% 25.38% 25.53%
Net profit margin 3.87% 3.46% 4.22% 2.96% 1.77% -7.73% -8.15% -4.38% -1.58% 6.88% 13.80% 15.89% 19.02% 22.55% 18.46% 21.20% 20.76% 20.16% 19.61% 16.29% 16.22% 16.63% 16.29% 16.88%
Return on Investment
Return on equity (ROE) 3.40% 2.92% 3.43% 2.25% 1.30% -5.28% -5.89% -3.43% -1.28% 5.95% 11.56% 12.44% 13.62% 14.99% 21.79% 25.83% 26.09% 25.41% 25.24% 21.74% 21.17% 21.09% 20.81% 21.71%
Return on assets (ROA) 1.54% 1.31% 1.52% 0.98% 0.56% -2.25% -2.45% -1.42% -0.53% 2.61% 5.16% 5.70% 5.88% 6.29% 10.97% 12.78% 12.17% 11.71% 11.18% 9.37% 9.71% 10.06% 9.82% 10.20%

Based on: 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-10-01), 10-Q (reporting date: 2016-07-02), 10-Q (reporting date: 2016-04-02), 10-Q (reporting date: 2016-01-02).

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 Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Walt Disney Co. operating profit margin ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Walt Disney Co. net profit margin ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Walt Disney Co. ROE deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
ROA A profitability ratio calculated as net income divided by total assets. Walt Disney Co. ROA deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.

Gross Profit Margin

Walt Disney Co., gross profit margin calculation (quarterly data)

Microsoft Excel
Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016
Selected Financial Data (US$ in millions)
Gross profit 7,822  6,655  7,252  6,193  5,789  5,831  4,474  3,694  3,883  6,088  7,843  7,278  7,426  6,546  6,302  6,199  6,880  7,015  6,614  5,565  6,521  6,367  6,378  5,837  7,076  6,105  6,621 
Revenues 21,504  19,249  21,819  18,534  17,022  15,613  16,249  14,707  11,779  18,025  20,877  19,100  20,245  14,922  15,303  14,307  15,228  14,548  15,351  12,779  14,238  13,336  14,784  13,142  14,277  12,969  15,244 
Profitability Ratio
Gross profit margin1 34.43% 33.79% 34.34% 33.06% 31.12% 30.65% 29.85% 32.89% 35.96% 36.60% 38.72% 39.60% 40.87% 43.39% 44.45% 44.94% 45.03% 45.18% 45.00% 45.04% 45.23% 46.20% 46.03% 46.09%
Benchmarks
Gross Profit Margin, Competitors2
Alphabet Inc. 56.74% 56.93% 56.94% 56.51% 55.72% 54.32% 53.58% 53.60% 54.15% 55.08% 55.58% 55.63% 55.83% 56.28% 56.48% 56.96% 57.41% 57.99% 58.88%
Charter Communications Inc. 39.39% 39.07% 39.09% 38.80% 38.40% 38.20% 37.77% 37.50% 36.81% 36.45% 36.14% 35.77% 35.91% 36.04% 36.15% 36.27% 36.35% 36.31% 36.17%
Comcast Corp. 67.34% 66.64% 66.96% 66.59% 66.81% 67.61% 68.02% 68.36% 68.99% 68.56% 68.39% 68.27% 68.38% 68.72% 68.58% 69.14% 69.46% 69.21% 69.97%
Meta Platforms Inc. 80.47% 80.34% 80.79% 80.85% 80.98% 80.55% 80.58% 81.04% 81.46% 81.72% 81.94% 81.85% 81.89% 82.62% 83.25% 84.26% 85.16% 86.05% 86.58%
Netflix Inc. 40.63% 41.62% 41.64% 43.22% 42.29% 41.10% 38.89% 38.80% 38.98% 38.47% 38.28% 37.98% 36.81% 36.58% 36.89% 37.28% 36.57% 34.91% 34.49%
Twitter Inc. 60.84% 63.30% 64.60% 64.26% 64.23% 62.90% 63.23% 63.68% 64.87% 66.75% 67.13% 67.53% 68.02% 68.20% 68.28% 68.08% 67.33% 66.26% 64.75%

Based on: 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-10-01), 10-Q (reporting date: 2016-07-02), 10-Q (reporting date: 2016-04-02), 10-Q (reporting date: 2016-01-02).

1 Q3 2022 Calculation
Gross profit margin = 100 × (Gross profitQ3 2022 + Gross profitQ2 2022 + Gross profitQ1 2022 + Gross profitQ4 2021) ÷ (RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022 + RevenuesQ4 2021)
= 100 × (7,822 + 6,655 + 7,252 + 6,193) ÷ (21,504 + 19,249 + 21,819 + 18,534) = 34.43%

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 Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.

Operating Profit Margin

Walt Disney Co., operating profit margin calculation (quarterly data)

Microsoft Excel
Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016
Selected Financial Data (US$ in millions)
Operating income (loss) 2,390  1,405  2,196  507  1,320  1,032  146  (846) (4,996) 1,216  2,685  1,968  2,553  2,729  3,418  3,078  3,924  4,024  3,778  2,531  3,788  3,750  3,706  2,830  4,101  3,363  3,908 
Revenues 21,504  19,249  21,819  18,534  17,022  15,613  16,249  14,707  11,779  18,025  20,877  19,100  20,245  14,922  15,303  14,307  15,228  14,548  15,351  12,779  14,238  13,336  14,784  13,142  14,277  12,969  15,244 
Profitability Ratio
Operating profit margin1 8.01% 7.08% 6.93% 4.46% 2.60% -7.99% -7.37% -2.97% 1.25% 10.76% 13.22% 15.33% 18.18% 22.00% 24.32% 24.91% 24.62% 24.81% 24.86% 24.98% 25.36% 25.90% 25.38% 25.53%
Benchmarks
Operating Profit Margin, Competitors2
Alphabet Inc. 29.65% 30.47% 30.55% 30.30% 28.45% 25.26% 22.59% 20.29% 19.76% 21.36% 21.15% 21.39% 21.78% 18.26% 19.24% 19.85% 20.38% 22.67% 23.59%
Charter Communications Inc. 22.35% 21.45% 20.37% 19.63% 18.56% 17.74% 17.48% 16.73% 15.68% 14.88% 14.23% 13.24% 12.95% 12.68% 11.97% 11.59% 10.61% 10.00% 9.87%
Comcast Corp. 18.25% 17.76% 17.89% 17.51% 17.01% 16.97% 16.89% 18.05% 19.03% 19.13% 19.39% 18.81% 19.18% 19.83% 20.11% 21.00% 21.23% 20.84% 21.28%
Meta Platforms Inc. 33.41% 36.68% 39.65% 41.79% 42.52% 40.42% 38.01% 36.41% 37.12% 36.21% 33.93% 34.49% 34.41% 38.65% 44.62% 47.11% 49.05% 50.07% 49.70%
Netflix Inc. 19.13% 20.41% 20.86% 22.76% 22.03% 21.17% 18.34% 17.17% 16.59% 14.50% 12.92% 12.51% 10.56% 9.74% 10.16% 10.98% 9.82% 8.06% 7.17%
Twitter Inc. -20.02% -12.83% -9.70% -8.51% 8.77% 2.19% 0.72% -2.11% -2.54% 7.62% 10.59% 12.51% 14.21% 14.92% 14.90% 12.44% 10.08% 6.01% 1.59%

Based on: 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-10-01), 10-Q (reporting date: 2016-07-02), 10-Q (reporting date: 2016-04-02), 10-Q (reporting date: 2016-01-02).

1 Q3 2022 Calculation
Operating profit margin = 100 × (Operating income (loss)Q3 2022 + Operating income (loss)Q2 2022 + Operating income (loss)Q1 2022 + Operating income (loss)Q4 2021) ÷ (RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022 + RevenuesQ4 2021)
= 100 × (2,390 + 1,405 + 2,196 + 507) ÷ (21,504 + 19,249 + 21,819 + 18,534) = 8.01%

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Net Profit Margin

Walt Disney Co., net profit margin calculation (quarterly data)

Microsoft Excel
Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Disney 1,409  470  1,104  159  918  901  17  (710) (4,721) 460  2,107  1,054  1,760  5,452  2,788  2,322  2,916  2,937  4,423  1,747  2,366  2,388  2,479  1,771  2,597  2,143  2,880 
Revenues 21,504  19,249  21,819  18,534  17,022  15,613  16,249  14,707  11,779  18,025  20,877  19,100  20,245  14,922  15,303  14,307  15,228  14,548  15,351  12,779  14,238  13,336  14,784  13,142  14,277  12,969  15,244 
Profitability Ratio
Net profit margin1 3.87% 3.46% 4.22% 2.96% 1.77% -7.73% -8.15% -4.38% -1.58% 6.88% 13.80% 15.89% 19.02% 22.55% 18.46% 21.20% 20.76% 20.16% 19.61% 16.29% 16.22% 16.63% 16.29% 16.88%
Benchmarks
Net Profit Margin, Competitors2
Alphabet Inc. 25.89% 27.57% 29.51% 29.52% 28.57% 26.11% 22.06% 20.80% 18.99% 20.71% 21.22% 21.04% 23.43% 19.71% 22.46% 14.45% 13.16% 14.19% 11.42%
Charter Communications Inc. 10.35% 9.64% 9.01% 8.40% 7.78% 7.43% 6.70% 5.70% 4.85% 3.91% 3.64% 2.76% 3.04% 2.98% 2.82% 24.39% 23.59% 23.55% 23.80%
Comcast Corp. 11.54% 11.96% 12.17% 12.73% 11.44% 11.25% 10.17% 9.90% 10.91% 10.72% 11.99% 11.45% 11.64% 12.34% 12.41% 27.33% 27.42% 26.79% 26.87%
Meta Platforms Inc. 28.16% 31.20% 33.38% 35.88% 37.18% 35.74% 33.90% 32.00% 31.29% 28.57% 26.15% 27.08% 27.26% 33.17% 39.60% 37.58% 39.32% 40.05% 39.20%
Netflix Inc. 16.42% 16.47% 17.23% 17.64% 15.92% 14.24% 11.05% 11.78% 11.85% 10.43% 9.26% 7.49% 6.53% 7.61% 7.67% 8.48% 7.13% 5.26% 4.78%
Twitter Inc. -2.14% 4.27% -4.36% -3.77% 8.64% -26.85% -30.56% -36.07% -37.06% 36.39% 42.37% 47.67% 71.46% 42.20% 39.63% 36.35% 8.57% 0.57% -4.42%

Based on: 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-10-01), 10-Q (reporting date: 2016-07-02), 10-Q (reporting date: 2016-04-02), 10-Q (reporting date: 2016-01-02).

1 Q3 2022 Calculation
Net profit margin = 100 × (Net income (loss) attributable to DisneyQ3 2022 + Net income (loss) attributable to DisneyQ2 2022 + Net income (loss) attributable to DisneyQ1 2022 + Net income (loss) attributable to DisneyQ4 2021) ÷ (RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022 + RevenuesQ4 2021)
= 100 × (1,409 + 470 + 1,104 + 159) ÷ (21,504 + 19,249 + 21,819 + 18,534) = 3.87%

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 Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Return on Equity (ROE)

Walt Disney Co., ROE calculation (quarterly data)

Microsoft Excel
Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Disney 1,409  470  1,104  159  918  901  17  (710) (4,721) 460  2,107  1,054  1,760  5,452  2,788  2,322  2,916  2,937  4,423  1,747  2,366  2,388  2,479  1,771  2,597  2,143  2,880 
Total Disney Shareholders’ equity 92,500  90,636  89,864  88,553  86,741  85,540  84,071  83,583  85,866  90,407  89,757  88,877  90,472  89,938  50,316  48,773  46,088  45,151  43,289  41,315  42,531  43,784  43,210  43,265  44,193  44,124  43,958 
Profitability Ratio
ROE1 3.40% 2.92% 3.43% 2.25% 1.30% -5.28% -5.89% -3.43% -1.28% 5.95% 11.56% 12.44% 13.62% 14.99% 21.79% 25.83% 26.09% 25.41% 25.24% 21.74% 21.17% 21.09% 20.81% 21.71%
Benchmarks
ROE, Competitors2
Alphabet Inc. 28.20% 29.35% 30.22% 28.87% 26.49% 22.33% 18.09% 16.77% 15.21% 16.95% 17.05% 16.73% 18.08% 15.26% 17.30% 11.05% 10.07% 10.34% 8.30%
Charter Communications Inc. 55.68% 41.87% 33.12% 25.19% 20.10% 17.30% 13.53% 10.00% 7.71% 6.11% 5.30% 3.79% 3.84% 3.68% 3.39% 28.26% 26.82% 25.56% 25.32%
Comcast Corp. 15.35% 15.18% 14.73% 15.12% 13.13% 12.66% 11.66% 11.97% 13.77% 14.29% 15.78% 15.88% 15.71% 16.23% 16.38% 33.84% 33.91% 33.48% 33.11%
Meta Platforms Inc. 26.74% 30.30% 31.53% 30.22% 28.18% 25.24% 22.72% 21.47% 21.30% 19.90% 18.29% 19.17% 19.22% 22.60% 26.28% 24.27% 24.02% 23.01% 21.43%
Netflix Inc. 26.71% 28.54% 32.28% 32.98% 31.68% 29.18% 24.96% 27.16% 28.73% 26.54% 24.62% 20.61% 18.86% 22.18% 23.12% 25.21% 22.01% 16.68% 15.60%
Twitter Inc. -1.88% 3.79% -3.03% -2.52% 4.98% -13.69% -14.25% -15.86% -16.08% 14.40% 16.84% 19.04% 28.22% 18.84% 17.71% 16.14% 4.15% 0.28% -2.14%

Based on: 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-10-01), 10-Q (reporting date: 2016-07-02), 10-Q (reporting date: 2016-04-02), 10-Q (reporting date: 2016-01-02).

1 Q3 2022 Calculation
ROE = 100 × (Net income (loss) attributable to DisneyQ3 2022 + Net income (loss) attributable to DisneyQ2 2022 + Net income (loss) attributable to DisneyQ1 2022 + Net income (loss) attributable to DisneyQ4 2021) ÷ Total Disney Shareholders’ equity
= 100 × (1,409 + 470 + 1,104 + 159) ÷ 92,500 = 3.40%

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 Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Return on Assets (ROA)

Walt Disney Co., ROA calculation (quarterly data)

Microsoft Excel
Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021 Oct 3, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Jan 2, 2016
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Disney 1,409  470  1,104  159  918  901  17  (710) (4,721) 460  2,107  1,054  1,760  5,452  2,788  2,322  2,916  2,937  4,423  1,747  2,366  2,388  2,479  1,771  2,597  2,143  2,880 
Total assets 204,074  202,453  203,311  203,609  202,221  200,250  201,888  201,549  207,649  206,294  200,948  193,984  209,475  214,342  99,941  98,598  98,792  97,943  97,734  95,789  92,752  91,807  91,576  92,033  90,914  90,264  90,121 
Profitability Ratio
ROA1 1.54% 1.31% 1.52% 0.98% 0.56% -2.25% -2.45% -1.42% -0.53% 2.61% 5.16% 5.70% 5.88% 6.29% 10.97% 12.78% 12.17% 11.71% 11.18% 9.37% 9.71% 10.06% 9.82% 10.20%
Benchmarks
ROA, Competitors2
Alphabet Inc. 20.28% 20.87% 21.16% 20.33% 18.76% 15.70% 12.60% 11.93% 11.32% 12.63% 12.45% 12.40% 13.51% 11.41% 13.20% 8.47% 7.71% 8.04% 6.42%
Charter Communications Inc. 3.84% 3.51% 3.27% 3.01% 2.70% 2.53% 2.23% 1.87% 1.56% 1.24% 1.13% 0.86% 0.93% 0.89% 0.84% 7.18% 6.87% 6.78% 6.75%
Comcast Corp. 5.26% 5.25% 5.13% 5.23% 4.50% 4.21% 3.85% 3.84% 4.33% 4.44% 4.96% 4.84% 4.71% 4.75% 4.66% 12.06% 12.53% 12.19% 12.15%
Meta Platforms Inc. 19.81% 22.74% 23.72% 23.77% 22.83% 20.63% 18.29% 17.26% 16.84% 15.15% 13.86% 14.48% 14.58% 17.86% 22.72% 21.09% 21.12% 20.08% 18.85%
Netflix Inc. 10.99% 11.05% 11.48% 11.82% 10.72% 9.37% 7.03% 7.27% 7.21% 6.37% 5.49% 4.57% 3.82% 4.65% 4.66% 5.40% 4.37% 3.33% 2.94%
Twitter Inc. -0.82% 1.65% -1.57% -1.24% 2.51% -7.07% -8.49% -9.47% -9.81% 9.35% 11.54% 13.81% 18.81% 11.98% 11.86% 10.68% 2.61% 0.19% -1.46%

Based on: 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02), 10-K (reporting date: 2020-10-03), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-K (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-K (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-30), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-10-01), 10-Q (reporting date: 2016-07-02), 10-Q (reporting date: 2016-04-02), 10-Q (reporting date: 2016-01-02).

1 Q3 2022 Calculation
ROA = 100 × (Net income (loss) attributable to DisneyQ3 2022 + Net income (loss) attributable to DisneyQ2 2022 + Net income (loss) attributable to DisneyQ1 2022 + Net income (loss) attributable to DisneyQ4 2021) ÷ Total assets
= 100 × (1,409 + 470 + 1,104 + 159) ÷ 204,074 = 1.54%

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 Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.