What are the investment strengths of The Walt Disney Co (DIS)?

Irreplaceable IP portfolio (Marvel, Star Wars, Pixar, ESPN) creates pricing power across parks, streaming, and licensing with 14.6% operating margins vs 3.7% industry. Negative working capital (-9.9B) means customers prepay via park tickets and subscriptions - self-funding growth model.

What are the investment risks for The Walt Disney Co (DIS)?

44.9B total debt with 1.8B interest expense (0.41 D/E) limits flexibility; net debt 36.3B exceeds 1.9x EBITDA. P/B of 7.1x vs tangible book of only 27.3B - paying 7x for intangibles that could face write-downs.

The Walt Disney Co

DIS

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The Walt Disney Co AI Insights

Informational only. Not investment advice.

As of 2025-12-08

Snapshot

Goodwill of 73.3B is 67% of equity (109.9B) - material impairment risk if streaming or parks underperform expectations.[Goodwill TTM]
EPS 5Y CAGR of 86% vs industry median 15% - turnaround from pandemic losses now fully reflected in earnings power.[EPS Growth 5yr TTM]
Operating margin 14.6% is 4x industry median (3.7%) - scale advantages in content amortization and parks operations.[Operating Margin TTM]

Watch Triggers

Free Cash Flow TTM: Falls below 8B annually — Would signal streaming losses widening or parks capex exceeding guidance
Goodwill TTM: Any impairment charge >5B — Fox acquisition goodwill at risk if linear TV decline accelerates
Operating Margin TTM: Drops below 12% — Would indicate content cost inflation outpacing revenue growth

Bull Case

Irreplaceable IP portfolio (Marvel, Star Wars, Pixar, ESPN) creates pricing power across parks, streaming, and licensing with 14.6% operating margins vs 3.7% industry.

Operating Margin TTMGross Margin TTM

Negative working capital (-9.9B) means customers prepay via park tickets and subscriptions - self-funding growth model.

Working Capital TTMCash Flow TTM

Bear Case

44.9B total debt with 1.8B interest expense (0.41 D/E) limits flexibility; net debt 36.3B exceeds 1.9x EBITDA.

Total Debt TTMInterest Expense TTMDebt to Equity

P/B of 7.1x vs tangible book of only 27.3B - paying 7x for intangibles that could face write-downs.

PB Ratio TTMTangible Book Value TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

60%

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Forward Thesis

FCF expansion to 12-14B likely as streaming losses reverse and parks capex normalizes

1-3ymed

Streaming segment approaching profitability inflection
Parks capex cycle peaking at 8B annually
Content cost discipline improving

FCF TTM 10.1B on 94.4B revenue (10.7% yield)Capex 8B vs 18.1B operating cash flowNet margin 13.1% recovering toward pre-pandemic levels

Valuation Context

Caveats

Public Strategies Rankings

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DIS Fundamentals

Information → Motion Picture and Video Industries

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$201.81B		—
Enterprise Value	$240.99B		—
P/E Ratio	15		—
Total Revenue - TTM	$94.42B	+3.4%	—
Earnings Per Share (diluted) - TTM	$7.21	+69.8%	—
Operating Margin - TTM	14.7%	+1.6%	—
Net Margin - TTM	13.1%	+7.7%	—
Free Cash Flow - TTM	$10.08B	+17.7%	—
Return on Common Equity - TTM	0.12	+6.8%	—
Beta 5Y (Monthly)	unknown		—

DIS Dividend History

31 dividends

07/22/26$0.7500

01/15/26$0.7500

07/23/25$0.5000

01/16/25$0.5000

07/25/24$0.4500

01/10/24$0.3000

01/16/20$0.8800

07/25/19$0.8800

01/10/19$0.8800

07/26/18$0.8400

01/11/18$0.8400

07/27/17$0.7800

01/11/17$0.7800

07/28/16$0.7100

01/11/16$0.7100

07/29/15$0.6600

01/08/15$1.1500

01/16/14$0.8600

12/28/12$0.7500

01/18/12$0.6000

01/18/11$0.4000

01/19/10$0.3500

01/20/09$0.3500

01/11/08$0.3500

01/12/07$0.3100

01/06/06$0.2700

01/06/05$0.2400

01/06/04$0.2100

01/09/03$0.2100

12/21/01$0.2100

12/22/00$0.2100

DIS Stock Splits

No stock splits

DIS SEC Filings

Filing Date	Report Date	Report Type	Filing Link
11/13/25	09/27/25	Unknown	0001744489-25-000155
08/06/25	06/28/25	10-Q	0001744489-25-000136
05/07/25	03/29/25	10-Q	0001744489-25-000098
02/05/25	12/28/24	10-Q	0001744489-25-000067
11/14/24	09/28/24	10-K	0001744489-24-000276
08/07/24	06/29/24	10-Q	0001744489-24-000232
05/07/24	03/30/24	10-Q	0001744489-24-000152
02/07/24	12/30/23	10-Q	0001744489-24-000081
11/21/23	09/30/23	10-K	0001744489-23-000216
08/09/23	07/01/23	10-Q	0001744489-23-000171
05/10/23	04/01/23	10-Q	0001744489-23-000099
02/08/23	12/31/22	10-Q	0001744489-23-000049
11/29/22	10/01/22	10-K	0001744489-22-000213
08/10/22	07/02/22	10-Q	0001744489-22-000161
05/11/22	04/02/22	10-Q	0001744489-22-000100
02/09/22	01/01/22	10-Q	0001744489-22-000059
11/24/21	10/02/21	10-K	0001744489-21-000220
08/12/21	07/03/21	10-Q	0001744489-21-000181
05/13/21	04/03/21	10-Q	0001744489-21-000108
02/11/21	01/02/21	10-Q	0001744489-21-000047
11/25/20	10/03/20	10-K	0001744489-20-000197
08/04/20	06/27/20	10-Q	0001744489-20-000151
05/05/20	03/28/20	10-Q	0001744489-20-000102
02/04/20	12/28/19	10-Q	0001744489-20-000046
11/20/19	09/28/19	10-K	0001744489-19-000225
08/06/19	06/29/19	10-Q	0001744489-19-000167
05/08/19	03/30/19	10-Q	0001744489-19-000100
02/05/19	12/29/18	10-Q	0001001039-19-000062
11/21/18	09/29/18	10-K	0001001039-18-000187
08/07/18	06/30/18	10-Q	0001001039-18-000134
05/08/18	03/31/18	10-Q	0001001039-18-000079
02/06/18	12/30/17	10-Q	0001628280-18-001147
11/22/17	09/30/17	10-K	0001001039-17-000198
08/08/17	07/01/17	10-Q	0001001039-17-000141
05/09/17	04/01/17	10-Q	0001001039-17-000092
02/07/17	12/31/16	10-Q	0001001039-17-000046
11/23/16	10/01/16	10-K	0001001039-16-000516
08/09/16	07/02/16	10-Q	0001001039-16-000468
05/10/16	04/02/16	10-Q	0001001039-16-000418
02/09/16	01/02/16	10-Q	0001001039-16-000362
11/25/15	10/03/15	10-K	0001001039-15-000255
08/04/15	06/27/15	10-Q	0001001039-15-000206
05/05/15	03/28/15	10-Q	0001001039-15-000133
02/03/15	12/27/14	10-Q	0001001039-15-000060
11/19/14	09/27/14	10-K	0001001039-14-000228
08/05/14	06/28/14	10-Q	0001001039-14-000195
05/06/14	03/30/14	10-Q	0001001039-14-000154
02/05/14	12/28/13	10-Q	0001001039-14-000082
11/20/13	09/28/13	10-K	0001001039-13-000164
08/06/13	06/29/13	10-Q	0001001039-13-000123
05/07/13	03/30/13	10-Q	0001001039-13-000080
02/05/13	12/29/12	10-Q	0001001039-13-000019
11/21/12	09/29/12	10-K	0001193125-12-479027
08/07/12	06/30/12	10-Q	0001193125-12-341212
05/08/12	03/31/12	10-Q	0001193125-12-218856
02/07/12	12/31/11	10-Q	0001193125-12-043966
11/23/11	10/01/11	10-K	0001193125-11-321340
08/09/11	07/02/11	10-Q	0001193125-11-216691
05/10/11	04/02/11	10-Q	0001193125-11-134405
02/08/11	01/01/11	10-Q	0001193125-11-027450
11/24/10	10/02/10	10-K	0001193125-10-268910
08/10/10	07/03/10	10-Q	0001193125-10-184920
05/11/10	04/03/10	10-Q	0001193125-10-116299
02/09/10	01/02/10	10-Q	0001193125-10-025949
12/02/09	10/03/09	10-K	0001193125-09-245848
07/30/09	06/27/09	10-Q	0001193125-09-159667
05/05/09	03/28/09	10-Q	0001193125-09-100081
02/03/09	12/31/08	Unknown	--
11/20/08	09/30/08	Unknown	--
07/30/08	06/30/08	Unknown	--
05/05/09	03/30/08	Unknown	--
02/05/08	12/31/07	Unknown	--
11/21/07	09/30/07	Unknown	--
08/01/07	06/30/07	Unknown	--
05/08/07	03/30/07	Unknown	--
02/07/07	12/31/06	Unknown	--
11/22/06	09/30/06	Unknown	--
08/09/06	06/30/06	Unknown	--
05/09/06	03/30/06	Unknown	--
02/06/06	12/31/05	Unknown	--
12/07/05	09/30/05	Unknown	--
08/10/05	06/30/05	Unknown	--
05/11/05	03/30/05	Unknown	--
02/09/05	12/31/04	Unknown	--
12/13/04	09/30/04	Unknown	--
08/10/04	06/30/04	Unknown	--
05/13/04	03/30/04	Unknown	--
02/11/04	12/31/03	Unknown	--
12/12/03	09/30/03	Unknown	--
08/14/03	06/30/03	Unknown	--
05/15/03	03/30/03	Unknown	--
02/04/03	12/31/02	Unknown	--
12/04/02	09/30/02	Unknown	--
08/09/02	06/30/02	Unknown	--
05/15/02	03/30/02	Unknown	--
02/14/02	12/31/01	Unknown	--
12/10/01	09/30/01	Unknown	--
08/14/01	06/30/01	Unknown	--
05/09/01	03/30/01	Unknown	--
02/14/01	12/31/00	Unknown	--
12/20/00	09/30/00	Unknown	--
08/14/00	06/30/00	Unknown	--
05/15/00	03/30/00	Unknown	--