Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Walt Disney Co., profitability ratios
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28).
| 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 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Walt Disney Co. operating profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Walt Disney Co. net profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 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 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Walt Disney Co. ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Gross Profit Margin
Walt Disney Co., gross profit margin calculation, comparison to benchmarks
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Gross profit | 32,663) | 29,697) | 28,321) | 22,287) | 21,508) | 27,552) | |
| Revenues | 91,361) | 88,898) | 82,722) | 67,418) | 65,388) | 69,570) | |
| Profitability Ratio | |||||||
| Gross profit margin1 | 35.75% | 33.41% | 34.24% | 33.06% | 32.89% | 39.60% | |
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| Alphabet Inc. | — | 56.63% | 55.38% | 56.94% | 53.58% | 55.58% | |
| Comcast Corp. | — | 69.76% | 68.53% | 66.96% | 68.02% | 68.39% | |
| Meta Platforms Inc. | — | 80.76% | 78.35% | 80.79% | 80.58% | 81.94% | |
| Netflix Inc. | — | 41.54% | 39.37% | 41.64% | 38.89% | 38.28% | |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × 32,663 ÷ 91,361 = 35.75%
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 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Operating Profit Margin
Walt Disney Co., operating profit margin calculation, comparison to benchmarks
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Operating income (loss) | 8,319) | 5,100) | 6,533) | 3,005) | (1,941) | 10,668) | |
| Revenues | 91,361) | 88,898) | 82,722) | 67,418) | 65,388) | 69,570) | |
| Profitability Ratio | |||||||
| Operating profit margin1 | 9.11% | 5.74% | 7.90% | 4.46% | -2.97% | 15.33% | |
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| Alphabet Inc. | — | 27.42% | 26.46% | 30.55% | 22.59% | 21.15% | |
| Comcast Corp. | — | 19.18% | 11.56% | 17.89% | 16.89% | 19.39% | |
| Meta Platforms Inc. | — | 34.66% | 24.82% | 39.65% | 38.01% | 33.93% | |
| Netflix Inc. | — | 20.62% | 17.82% | 20.86% | 18.34% | 12.92% | |
| Operating Profit Margin, Sector | |||||||
| Media & Entertainment | — | 24.24% | 20.46% | 26.39% | 20.33% | 21.48% | |
| Operating Profit Margin, Industry | |||||||
| Communication Services | — | 22.22% | 16.70% | 22.45% | 16.35% | 19.85% | |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 8,319 ÷ 91,361 = 9.11%
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 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Net Profit Margin
Walt Disney Co., net profit margin calculation, comparison to benchmarks
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) attributable to The Walt Disney Company (Disney) | 4,972) | 2,354) | 3,145) | 1,995) | (2,864) | 11,054) | |
| Revenues | 91,361) | 88,898) | 82,722) | 67,418) | 65,388) | 69,570) | |
| Profitability Ratio | |||||||
| Net profit margin1 | 5.44% | 2.65% | 3.80% | 2.96% | -4.38% | 15.89% | |
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| Alphabet Inc. | — | 24.01% | 21.20% | 29.51% | 22.06% | 21.22% | |
| Comcast Corp. | — | 12.66% | 4.42% | 12.17% | 10.17% | 11.99% | |
| Meta Platforms Inc. | — | 28.98% | 19.90% | 33.38% | 33.90% | 26.15% | |
| Netflix Inc. | — | 16.04% | 14.21% | 17.23% | 11.05% | 9.26% | |
| Net Profit Margin, Sector | |||||||
| Media & Entertainment | — | 19.82% | 15.14% | 23.20% | 17.27% | 18.28% | |
| Net Profit Margin, Industry | |||||||
| Communication Services | — | 16.68% | 11.47% | 18.71% | 11.50% | 14.63% | |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
Net profit margin = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Revenues
= 100 × 4,972 ÷ 91,361 = 5.44%
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 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Return on Equity (ROE)
Walt Disney Co., ROE calculation, comparison to benchmarks
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) attributable to The Walt Disney Company (Disney) | 4,972) | 2,354) | 3,145) | 1,995) | (2,864) | 11,054) | |
| Total Disney Shareholder’s equity | 100,696) | 99,277) | 95,008) | 88,553) | 83,583) | 88,877) | |
| Profitability Ratio | |||||||
| ROE1 | 4.94% | 2.37% | 3.31% | 2.25% | -3.43% | 12.44% | |
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| Alphabet Inc. | — | 26.04% | 23.41% | 30.22% | 18.09% | 17.05% | |
| Comcast Corp. | — | 18.61% | 6.63% | 14.73% | 11.66% | 15.78% | |
| Meta Platforms Inc. | — | 25.53% | 18.45% | 31.53% | 22.72% | 18.29% | |
| Netflix Inc. | — | 26.27% | 21.62% | 32.28% | 24.96% | 24.62% | |
| ROE, Sector | |||||||
| Media & Entertainment | — | 21.29% | 16.62% | 23.69% | 14.90% | 16.36% | |
| ROE, Industry | |||||||
| Communication Services | — | 18.94% | 13.32% | 20.34% | 11.50% | 15.27% | |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
ROE = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Total Disney Shareholder’s equity
= 100 × 4,972 ÷ 100,696 = 4.94%
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 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Return on Assets (ROA)
Walt Disney Co., ROA calculation, comparison to benchmarks
| Sep 28, 2024 | Sep 30, 2023 | Oct 1, 2022 | Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) attributable to The Walt Disney Company (Disney) | 4,972) | 2,354) | 3,145) | 1,995) | (2,864) | 11,054) | |
| Total assets | 196,219) | 205,579) | 203,631) | 203,609) | 201,549) | 193,984) | |
| Profitability Ratio | |||||||
| ROA1 | 2.53% | 1.15% | 1.54% | 0.98% | -1.42% | 5.70% | |
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| Alphabet Inc. | — | 18.34% | 16.42% | 21.16% | 12.60% | 12.45% | |
| Comcast Corp. | — | 5.81% | 2.09% | 5.13% | 3.85% | 4.96% | |
| Meta Platforms Inc. | — | 17.03% | 12.49% | 23.72% | 18.29% | 13.86% | |
| Netflix Inc. | — | 11.10% | 9.24% | 11.48% | 7.03% | 5.49% | |
| ROA, Sector | |||||||
| Media & Entertainment | — | 11.82% | 9.07% | 13.02% | 8.04% | 8.75% | |
| ROA, Industry | |||||||
| Communication Services | — | 7.94% | 5.43% | 8.36% | 4.69% | 6.30% | |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28).
1 2024 Calculation
ROA = 100 × Net income (loss) attributable to The Walt Disney Company (Disney) ÷ Total assets
= 100 × 4,972 ÷ 196,219 = 2.53%
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 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |