Walt Disney vs Warner Music Group
Walt Disney is the larger business, with $94.42bn of revenue in fiscal 2025 against $6.71bn for Warner Music Group (14.1 times as much). Warner Music Group grew faster (4.4% against 3.4%). Walt Disney kept more of each dollar of sales as profit: a net margin of 13.1% against 5.4%. Walt Disney carries less debt relative to equity (38.3% against 674.7%).
| Latest fiscal year | Walt DisneyDIS, 2025 | Warner Music GroupWMG, 2025 |
|---|---|---|
| Revenue | $94.42bn | $6.71bn |
| Revenue growth | 3.4% | 4.4% |
| Net income | $12.40bn | $365m |
| Operating margin | 18.6% | 10.3% |
| Net margin | 13.1% | 5.4% |
| Return on equity | 11.8% | 62.7% |
| Free cash flow | $10.08bn | $539m |
| Cash | $5.70bn | $532m |
| Total debt | $42.03bn | $4.37bn |
| Debt to equity | 38.3% | 674.7% |
| Dividend per share | — | — |
| Dividend yield | — | 8.7% |
| Share buybacks | $3.50bn | $16.0m |
| Employees | 231,000 | — |
| Market value | $199.00bn | $4.59bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 50 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 2 buys, 7 sales | 3 buys, 0 sales |