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$110.59
Market Capi
$191B
Growth-adj P/E (3-yr hist)i
0.3x
Growth-adj P/E (3-yr proj)i
13x
P/S 26Ei
1.9x
P/S 28Ei
1.7x
EV/EBIT 26Ei
12x
EV/EBIT 28Ei
10x
P/E 26Ei
19x
P/E 28Ei
14x
P/S 26Ei
1.9x
EV/EBIT 26Ei
12x
P/E 26Ei
19x
P/S 28Ei
1.7x
EV/EBIT 28Ei
10x
P/E 28Ei
14x
Revenue
2026E
$101B
Gross Margini
38%
Hist. CAGRi
4.5%
Proj. CAGRi
5.3%
EBIT
2026E
$19B
Op. Margini
15%
Hist. CAGRi
27%
Proj. CAGRi
16%
Net profit
2026E
$10B
Net Margini
13%
Hist. CAGRi
58%
Proj. CAGRi
1.1%
Business Model
Recent Developments
Average Targeti
$126.61+24%
Consensusi
Buy
33 analysts covering
Net debti
$39B
Div. Yieldi
1.4%
Buyback Yldi
1.0%
Market Capi
$191B
P/E 26Ei
19x
Adj. P/E (fwd.)i
13x
Revenue 26E
$101B
Proj. CAGRi
5.3%
Gross Margini
38%
EBIT 26E
$19B
Proj. CAGRi
16%
Op. Margini
15%
Net Profit 26E
$10B
Proj. CAGRi
1.1%
Net Margini
13%
Average Targeti
$126.61+24%
Consensusi
Buy
33 analysts covering
Profile
The Walt Disney Company is a diversified media and entertainment conglomerate operating across three reportable segments:
Industry
Disney serves a broad consumer audience globally — families and general entertainment viewers for streaming and parks, and sports fans for ESPN. Geographic mix is Americas-heavy at ~81% of revenue, with Europe (~12%) and Asia-Pacific (~7%) contributing the remainder. The entertainment and sports media markets face structural pressure from cord-cutting, while the parks/experiences segment benefits from strong pricing power and high barriers to replication. Streaming competition is intense across Netflix, Amazon, and Apple, requiring continuous content investment.
Key metrics
Economic moat
Disney's moat rests on one of the deepest IP libraries in entertainment — Marvel, Star Wars, Pixar, Disney Animation, and National Geographic — which feeds a self-reinforcing flywheel: films drive streaming subscribers, merchandise, theme park attendance, and consumer product sales. Parks are structurally difficult to replicate at Disney's scale and brand recognition. ESPN holds long-term exclusive rights deals for major US sports leagues, creating high switching costs for sports fans. The combination of IP, physical assets, and sports rights is difficult for any single competitor to match.
Josh D'Amaro
D'Amaro was appointed CEO effective March 18, 2026, succeeding Bob Iger after a career spent almost entirely within Disney's Parks, Experiences and Products division, which he ran as Chairman since 2020. His elevation signals that Disney's next chapter is more operationally and experientially focused, with parks expansion — including a new Abu Dhabi resort and Japan cruise ship — central to the growth story. His background is in consumer experience rather than content, which is both a strength for the parks business and an open question for franchise development.
Dana Walden
Appointed alongside D'Amaro effective March 18, 2026, Walden is Disney's senior creative executive, overseeing film and television content across the company's studios and networks. She previously ran Disney General Entertainment Content, including ABC, FX, Hulu originals, and Disney Channel, and has been credited with developing high-profile franchises. Her role is to complement D'Amaro's operational focus with creative leadership during the transition.
Hugh Johnston
Johnston joined Disney as CFO in December 2023, coming from PepsiCo where he served as CFO for over a decade. He brings large-cap consumer company financial discipline to Disney's complex multi-segment structure and has been instrumental in steering the streaming profitability narrative and capital allocation discussions with investors.
Robert Iger
Iger stepped down as CEO on March 18, 2026, and now serves as senior advisor to D'Amaro and a member of the board through a planned retirement at the end of 2026; board chairmanship instead sits with independent director James Gorman. He rejoined Disney as CEO in November 2022 after his successor Bob Chapek was dismissed, stabilized the streaming strategy, and oversaw the Hulu buyout and ESPN positioning before stepping back in March 2026. His advisory role provides transitional continuity, though it is explicitly time-limited.
P/S Ratioi
EV/EBITi
P/E RatioiP/E values for 2021 were omitted from this chart because negative or above 150x values usually occur around break-even earnings and would distort the scale. The raw values remain in the table below.
Revenue
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
EBIT
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Net profit
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Values in billions of USD.
Operating cashflow · Levered Free Cash Flow
Free Cash Flow
CAPEX
Values in billions of USD.
Margins
Rentability
Balance sheet
Values in billions of USD.
Liquidity ratios
Debt-to-Equity-Ratio
Last earnings
Fiscal third-quarter revenue rose 7% year over year to $25.25 billion, roughly in line with expectations, for the quarter ended June 27, 2026.
Adjusted earnings per share came in at $2.06, up from $1.61 a year earlier and above the consensus estimate of around $1.86.
The standout move was in streaming: Disney+ and Hulu combined operating income more than doubled to $712 million, with the entertainment streaming segment's operating margin reaching the low double digits for the quarter.
Management reaffirmed double-digit adjusted EPS growth guidance for fiscal 2026 and fiscal 2027 and raised the Experiences segment's full-year operating income growth outlook to the high end of a high-single-digit range.
Recent developments
On August 4, 2026, Disney agreed to sell its 50% stake in A+E Global Media to Hearst for $1.2 billion in cash, with the deal expected to close in September 2026.
Alongside earnings, management raised its fiscal 2026 share buyback target to at least $9 billion, up from a prior $7 billion goal.
Disney has begun integrating Hulu and Disney+ at the account level, letting Hulu subscribers link profiles and viewing history on Disney+, with live TV and third-party add-ons planned by year-end.
Debate & sentiment
Bulls point to the reaffirmed double-digit EPS growth guidance for both fiscal 2026 and 2027, record Experiences segment revenue, and a streaming business that has now crossed into double-digit operating margins as evidence the direct-to-consumer pivot is paying off.
Skeptics flag that the Sports segment's operating income is guided lower on rising programming costs, and question whether continued heavy content investment will keep translating into durable streaming profitability rather than a temporary margin bump.
The leadership transition to CEO Josh D'Amaro, in place since March 2026, is still building a track record, leaving execution risk around both content strategy and the pace of parks expansion as open questions for investors.
Consensusi
Buy
Average targeti
$126.61+24%
Highest targeti
$144.00+41%
Lowest targeti
$88.00-14%
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