Walt Disney vs Netflix
Walt Disney is the larger business, with $94.42bn of revenue in fiscal 2025 against $45.18bn for Netflix (2.1 times as much). Netflix grew faster (15.9% against 3.4%). Netflix kept more of each dollar of sales as profit: a net margin of 24.3% against 13.1%. Walt Disney carries less debt relative to equity (38.3% against 54.3%).
| Latest fiscal year | Walt DisneyDIS, 2025 | NetflixNFLX, 2025 |
|---|---|---|
| Revenue | $94.42bn | $45.18bn |
| Revenue growth | 3.4% | 15.9% |
| Net income | $12.40bn | $10.98bn |
| Operating margin | 18.6% | 29.5% |
| Net margin | 13.1% | 24.3% |
| Return on equity | 11.8% | 42.8% |
| Free cash flow | $10.08bn | $9.46bn |
| Cash | $5.70bn | $9.03bn |
| Total debt | $42.03bn | $14.46bn |
| Debt to equity | 38.3% | 54.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $3.50bn | $9.13bn |
| Employees | 231,000 | 16,000 |
| Market value | $199.00bn | $258.86bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 50 (Moderate) | 58 (Moderate) |
| Insider trades, 12 months | 2 buys, 7 sales | 0 buys, 102 sales |