The Walt Disney Company
- Open
- 108.57
- Day high
- 109.20
- Day low
- 107.92
- Prev close
- 107.99
- Volume
- 518K
- Mkt cap
- $186.6B
- P/E (TTM)
- 22.2
- EPS (TTM)
- $4.86
- P/B
- 1.7
- P/S
- 1.9
- Yield
- 1.39%
- Per share
- $1.50
- ▼Insiders net selling -$1.1M over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions reducing (13F)
The Walt Disney Company (DIS) is a Communication Services company listed on NYSE. The stock is down 8% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering DIS.
The Walt Disney Company (DIS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 12 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DIS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $1.86 | $2.06 | +10.8% | $25.2B | -0.6% |
| May 6, 2026 | $1.49 | $1.57 | +5.4% | $25.2B | +1.2% |
| Feb 2, 2026 | $1.57 | $1.63 | +3.8% | $26.0B | +1.1% |
| Nov 13, 2025 | $1.05 | $1.11 | +5.7% | $22.5B | -1.3% |
| May 7, 2025 | $1.19 | $1.45 | +21.8% | $23.6B | +2.3% |
| Feb 5, 2025 | $1.45 | $1.76 | +21.4% | $24.7B | +0.1% |
| Nov 14, 2024 | $1.11 | $1.14 | +2.7% | $22.6B | +0.4% |
| Feb 7, 2024 | $0.99 | $1.22 | +23.2% | $23.5B | -0.7% |
| Nov 8, 2023 | $0.67 | $0.82 | +22.4% | $21.2B | +5.5% |
| Feb 8, 2023 | $0.69 | $0.99 | +43.5% | $23.5B | +0.3% |
| Aug 10, 2022 | $0.94 | $1.09 | +16.0% | $21.5B | +2.4% |
| Feb 9, 2022 | $0.57 | $1.06 | +86.0% | $21.8B | +8.6% |
DIS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 20, 2026 | Roeder Paul Mofficer: Sr EVP and Chief Comm Officer | Sell | 3,596 | $106.32 |
| Aug 17, 2026 | WOODFORD BRENTofficer: EVP, Control, Fin Plan & Tax | Sell | 7,238 | $105.31 |
| Aug 17, 2026 | WOODFORD BRENTofficer: EVP, Control, Fin Plan & Tax | Option | 7,238 | $105.21 |
| Jul 20, 2026 | Coleman Sonia Lofficer: Sr. EVP & Chief People Officer | Option | 1,181 | — |
| Jul 20, 2026 | Roeder Paul Mofficer: Sr EVP and Chief Comm Officer | Option | 955 | — |
| Jul 20, 2026 | Coleman Sonia Lofficer: Sr. EVP & Chief People Officer | Tax | 559 | $98.42 |
| Jul 20, 2026 | WOODFORD BRENTofficer: EVP, Control, Fin Plan & Tax | Tax | 362 | $98.42 |
| Jul 20, 2026 | WOODFORD BRENTofficer: EVP, Control, Fin Plan & Tax | Option | 1,162 | — |
| Jul 20, 2026 | Roeder Paul Mofficer: Sr EVP and Chief Comm Officer | Tax | 343 | $98.42 |
| Jul 16, 2026 | Roeder Paul Mofficer: Sr EVP and Chief Comm Officer | Option | 1,466 | — |
| Jul 16, 2026 | Roeder Paul Mofficer: Sr EVP and Chief Comm Officer | Option | 1,649 | — |
| Jul 16, 2026 | Roeder Paul Mofficer: Sr EVP and Chief Comm Officer | Tax | 527 | $97.00 |
| Jul 16, 2026 | WOODFORD BRENTofficer: EVP, Control, Fin Plan & Tax | Tax | 456 | $97.00 |
| Jul 16, 2026 | WOODFORD BRENTofficer: EVP, Control, Fin Plan & Tax | Option | 1,871 | — |
| Jul 16, 2026 | Roeder Paul Mofficer: Sr EVP and Chief Comm Officer | Tax | 592 | $97.00 |
Source: DIS SEC Form 4 filings, latest Aug 20, 2026. For informational purposes only — not investment advice.
See the full DIS insider & 13F page →The Walt Disney Company company profile
Overview
The Walt Disney Company (NYSE:DIS) is a multinational entertainment conglomerate founded in 1923 by Walt Disney and Roy Disney. Originally established as Disney Brothers Cartoon Studio, the company has evolved from a small animation studio into one of the world's largest entertainment companies. Headquartered in Burbank, California, Disney has been publicly traded since 1957 and operates through two primary business segments: Disney Media and Entertainment Distribution, and Disney Parks, Experiences and Products. The company has built its empire around beloved intellectual properties including Mickey Mouse, Marvel superheroes, Star Wars, Pixar characters, and classic Disney animated films, creating a diversified entertainment ecosystem that spans from theme parks to streaming services.
Business
Disney operates as a diversified entertainment company across multiple interconnected business segments. The company's operations are divided into two main segments that generate roughly equal revenue shares. Disney Parks, Experiences and Products represents approximately 50% of total revenue and includes the company's theme park operations across six global locations: Walt Disney World Resort in Florida, Disneyland Resort in California, Disneyland Paris, Hong Kong Disneyland Resort, Shanghai Disney Resort, and Tokyo Disney Resort (operated by a third party under license). This segment also encompasses Disney Cruise Line with an expanding fleet, Disney Vacation Club timeshare properties, and consumer products licensing. The parks business leverages Disney's intellectual property to create immersive experiences, selling admission tickets, food, beverages, merchandise, and hotel accommodations. Disney Media and Entertainment Distribution accounts for the remaining 50% of revenue and encompasses the company's content creation and distribution activities. This includes film production through Walt Disney Pictures, Marvel Studios, Lucasfilm, Pixar, and Twentieth Century Studios, which create theatrical releases and content for streaming platforms. The segment also operates traditional television networks including ABC broadcast network, ESPN sports networks, Disney Channel, and FX networks. Additionally, it manages Disney's streaming services: Disney+ (premium family entertainment), ESPN+ (sports content), Hulu (general entertainment), and Disney+ Hotstar (international markets). The company also provides post-production services through prestigious facilities like Industrial Light & Magic and Skywalker Sound. Disney's business model centers on creating and monetizing intellectual property across multiple touchpoints, allowing the company to extract value from its characters and stories through various revenue streams including theatrical releases, streaming subscriptions, merchandise sales, theme park attractions, and licensing agreements.
Revenue model
Disney generates revenue through multiple interconnected business models that leverage its intellectual property across different platforms and experiences. Theme Parks and Experiences Revenue comes primarily from admission ticket sales, food and beverage sales, merchandise, and hotel accommodations at its global theme park properties. The parks segment also generates revenue from Disney Cruise Line operations, vacation club memberships, and licensing fees from third-party operators like Tokyo Disney Resort. Customers are primarily families and Disney enthusiasts willing to pay premium prices for branded experiences. Streaming and Media Revenue is generated through subscription fees for Disney+, ESPN+, and Hulu, with Disney+ charging approximately $8-14 monthly depending on the tier and region. The company also earns advertising revenue from ad-supported streaming tiers and traditional television networks like ABC and ESPN. Additionally, Disney generates revenue from theatrical film releases, content licensing to third-party platforms, and home entertainment sales. Consumer Products and Licensing provides revenue through licensing Disney's characters and brands to toy manufacturers, apparel companies, publishers, and other consumer goods producers, typically earning royalty percentages on sales. Several factors significantly impact Disney's profit margins. Positive margin drivers include the company's pricing power in theme parks due to brand loyalty, the scalability of streaming services once subscriber bases are established, and the ability to monetize intellectual property across multiple revenue streams without significant additional production costs. Negative margin pressures come from rising content production costs, particularly for high-budget Marvel and Star Wars productions, increasing labor costs at theme parks, competitive pressures in streaming requiring content investment, and economic downturns that reduce discretionary spending on entertainment and travel. The company's margins are also sensitive to seasonal fluctuations, with theme parks performing better during summer and holiday periods, and streaming subscriber growth rates affecting investor sentiment and content investment levels.
Competitive moat
Disney possesses a substantial economic moat built primarily around its unparalleled collection of intellectual property and brand strength, though this moat faces modern challenges from changing consumer behavior and increased competition. Disney's primary competitive advantage lies in its irreplaceable intellectual property portfolio spanning nearly a century of beloved characters and stories including Mickey Mouse, Marvel superheroes, Star Wars, Pixar animations, and classic Disney princesses. These properties create powerful emotional connections with consumers across generations, enabling premium pricing in theme parks, merchandise, and content. The company's brand recognition is virtually unmatched in family entertainment, with Disney representing quality, nostalgia, and magical experiences that competitors cannot easily replicate. The theme parks business represents Disney's strongest moat, as the physical infrastructure, location advantages, and integrated storytelling experiences create extremely high barriers to entry. Competitors would need billions of dollars and decades to build comparable destination resorts, and even then would lack Disney's character portfolio. The parks also benefit from network effects, where each new attraction enhances the overall experience and customer loyalty. However, Disney's moat faces significant challenges in the streaming era. Traditional television networks are declining as cord-cutting accelerates, forcing Disney to compete directly with well-funded streaming competitors like Netflix, Amazon Prime Video, and Apple TV+. These platforms have demonstrated ability to create popular original content and are spending heavily to acquire subscribers. Disney's advantage in family content remains strong, but the company must continuously invest billions in new content to maintain relevance, and success is not guaranteed. The competitive landscape is intensifying with technology companies like Apple and Amazon using entertainment as loss leaders to support broader ecosystems, potentially outspending Disney indefinitely. Additionally, changing consumer preferences, particularly among younger demographics, toward user-generated content on platforms like YouTube and TikTok, present long-term challenges to traditional entertainment companies. While Disney's moat remains formidable, particularly in theme parks and family entertainment, the company must successfully navigate the streaming transition to maintain its competitive advantages.
Risks & safety
Disney presents a moderate margin of safety with solid financial fundamentals but some liquidity concerns and elevated valuation metrics. Financial Stability: • Cash position: $5.9 billion in cash and short-term investments provides reasonable liquidity buffer • Debt levels: Debt-to-equity ratio of 0.41 is manageable but has increased from historical levels • Current ratio: 0.67 indicates potential short-term liquidity pressures, with current liabilities exceeding current assets • Free cash flow: Strong at $4.9 billion annually, demonstrating ability to generate cash from operations • No immediate solvency risk given diversified revenue streams and asset base Valuation Metrics: • P/E ratio: 13.5x appears reasonable for a large entertainment company • EV/EBITDA: 11.0x is within acceptable range for the sector • Price-to-book: 1.7x suggests modest premium to book value • Graham number analysis suggests potential undervaluation relative to earnings and book value Other Considerations: • Strong brand value and intellectual property provide intangible asset protection • Cyclical nature of entertainment and travel businesses creates earnings volatility • Significant capital requirements for theme park maintenance and content production • Streaming segment losses have been improving but still impact overall profitability
Recent development
Over the past few years, Disney has undergone significant strategic transformation focused on streaming services and optimizing its traditional businesses. The company restructured into three core segments in 2023, targeting $5.5 billion in cost savings while reducing workforce by approximately 7,000 positions. Streaming Strategy Evolution: Disney has aggressively pivoted toward direct-to-consumer streaming, achieving profitability in its streaming business after years of losses. The company successfully integrated Hulu content into Disney+, implemented password sharing restrictions, and launched ad-supported tiers internationally. Disney is preparing to launch a standalone ESPN streaming service in fall 2025, representing a major strategic shift toward direct-to-consumer sports content. Content and Franchise Focus: The company has shifted from quantity to quality in content production, particularly with Marvel properties, while emphasizing sequels and franchise films that leverage existing intellectual property. Disney has announced major upcoming releases including sequels to Frozen, Toy Story, and Zootopia, focusing on proven properties rather than experimental content. Parks and Experiences Expansion: Despite economic uncertainties, Disney has committed to massive expansion with $60 billion in parks investment over the next decade. The company announced a new Disney theme park in Abu Dhabi, expanded its cruise line fleet, and continues investing in new attractions across existing properties. This represents confidence in the long-term growth potential of the experiences business. Technology and Operational Improvements: Disney has invested heavily in streaming technology, hiring leadership from YouTube to improve recommendation engines, personalization, and user experience. The company has also implemented dynamic pricing and reservation systems in theme parks to optimize capacity and revenue management.
DIS company profile · for informational purposes only — not investment advice.
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