Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Walt Disney Co.DIS · other | |
|---|---|
| Grade |  Dfourth fifth of 336 graded peers; percentile 64.2, sampling error 2.6 points; lower is stronger |
| Rank | 216 of 336 |
| Profitability | Dpercentile 71.7 |
| Solvency | Cpercentile 47.5 |
| Growth and financing | B/Cpercentile 39.7 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $197.5B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Nov 13, 2025330 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $107.082026-10-08; market equity $184.9B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Nov 13, 2025; the document on sec.gov.
The Walt Disney Company, together with the subsidiaries through which businesses are conducted (the Company), is a diversified worldwide entertainment company with operations in three segments: Entertainment, Sports and Experiences. The terms “Company”, “we”, “our” and “us” are used in this report to refer collectively to the parent company and the subsidiaries through which businesses are conducted. The Entertainment segment generally encompasses the Company’s non-sports focused global film and episodic content production and distribution activities.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 71.7 | |||||||
| Gross profitability | not computable | 27.1% | |||||
| one or more required annual facts are missing | |||||||
| Return on invested capital | not computable | 10.0% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (2.9%) | [1,3-5] | (5.9%) | 71.7 | 506 | 2025-09-27 | |
| Gross margin stability, five years | not computable | 2.2 pts | |||||
| five annual gross margins are required; found 0 | |||||||
| Solvency, sleeve percentile 47.5 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-27 | |||||||
| Altman Z double-prime | not computable | 2.05 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | 1.59x | [6-9] | 2.52x | 36.6 | 184 | 2025-09-27 | |
| Interest coverage | 9.69x | [8,10] | 2.18x | 24.1 | 88 | 2025-09-27 | |
| Current ratio | 0.71x | [11-12] | 1.32x | 81.8 | 506 | 2025-09-27 | |
| Growth and financing, sleeve percentile 39.7 | |||||||
| Revenue growth, three-year compound | 4.5% | [2,13-15] | 5.1% | 49.0 | 403 | 2025-09-27 | |
| Free cash flow growth, three-year compound | 111.9% | [4,16-22] | 8.7% | 3.2 | 220 | 2025-09-27 | |
| Reinvestment rate | not computable | 11.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (1.0%) | [1,5,23-24] | 4.1% | 71.2 | 438 | 2025-09-27 | |
| Net share issuance, one year | (1.4%) | [25-26] | (0.4%) | 35.5 | 356 | 2025-11-05 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.067; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 211 | Iqvia Holdings Inc. (IQV) Iqvia Holdings Inc. (IQV) Dfourth fifth; percentile 62.7 NYSE · Services-Commercial Physical & Biological Research market equity $43.2B; last close $259.10 No active warnings; 10 of 14 inputs | 62.7 | D | |
| 212 | Corpay, Inc. (CPAY) Corpay, Inc. (CPAY) Dfourth fifth; percentile 63.0 NYSE · Services-Business Services, NEC market equity $26.4B; last close $402.01 No active warnings; 8 of 14 inputs | 63.0 | D | |
| 213 | Marriott International Inc. (MAR) Marriott International Inc. (MAR) Dfourth fifth; percentile 63.3 Nasdaq · Hotels & Motels market equity $94.2B; last close $361.11 No active warnings; 9 of 14 inputs | 63.3 | D | |
| 214 | DHI Group, Inc. (DHX) DHI Group, Inc. (DHX) Dfourth fifth; percentile 63.6 NYSE · Services-Business Services, NEC market equity $215.8M; last close $4.98 No active warnings; 10 of 14 inputs | 63.6 | D | |
| 215 | Bright Horizons Family Solutions Inc. (BFAM) Bright Horizons Family Solutions Inc. (BFAM) Dfourth fifth; percentile 63.9 NYSE · Services-Child Day Care Services market equity $3.4B; last close $68.85 No active warnings; 10 of 14 inputs | 63.9 | D | |
| 216 | Walt Disney Co. (DIS) Walt Disney Co. (DIS) Dfourth fifth; percentile 64.2 NYSE · Services-Miscellaneous Amusement & Recreation market equity $184.8B; last close $107.08 No active warnings; 8 of 14 inputs | 64.2 | D | |
| 217 | Expeditors International OF Washington Inc. (EXPD) Expeditors International OF Washington Inc. (EXPD) Dfourth fifth; percentile 64.5 NYSE · Arrangement of Transportation of Freight & Cargo market equity $25.2B; last close $193.79 No active warnings; 7 of 14 inputs | 64.5 | D | |
| 218 | Alaska AIR Group, Inc. (ALK) Alaska AIR Group, Inc. (ALK) Dfourth fifth; percentile 64.8 NYSE · Air Transportation, Scheduled market equity $4.4B; last close $39.54 No active warnings; 7 of 14 inputs | 64.8 | D | |
| 219 | Custom Truck One Source, Inc. (CTOS) Custom Truck One Source, Inc. (CTOS) Dfourth fifth; percentile 65.1 NYSE · Services-Equipment Rental & Leasing, NEC market equity $2.1B; last close $9.37 No active warnings; 8 of 14 inputs | 65.1 | D | |
| 220 | Knight-Swift Transportation Holdings Inc. (KNX) Knight-Swift Transportation Holdings Inc. (KNX) Dfourth fifth; percentile 65.4 NYSE · Trucking (No Local) market equity $10.6B; last close $65.06 No active warnings; 8 of 14 inputs | 65.4 | D | |
| 221 | Bally's Corp. (BALY) Bally's Corp. (BALY) Dfourth fifth; percentile 65.7 NYSE · Hotels & Motels market equity $705.1M; last close $14.02 Warnings: late filer; 7 of 14 inputs | 65.7 | D | late filer |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 58.9 | 2204 |
| sector peers, equal sleeves (the grade) | D | 64.2 | 336 |
| same exchange, equal sleeves | C/D | 59.3 | 984 |
| sector peers, equal inputs | C | 46.6 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (4.7%) | 2.0% | 44 | hotter than 44 of 100 peers |
| Distance from 52-week high | (8.3%) | (26.8%) | 84 | closer to its high than 84 of 100 peers |
| EBIT to enterprise value | 7.9% | 4.4% | 79 | pricier than 21 of 100 peers |
| Free cash flow yield | 5.5% | 4.1% | 60 | pricier than 40 of 100 peers |
| Book value to price | 0.60 | 0.34 | 72 | pricier than 28 of 100 peers |
| Sales to price | 0.51 | 0.70 | 39 | pricier than 61 of 100 peers |
| Composite equity issuance, five years | (7.8%) | (8.8%) | 52 | more equity-funded than 52 of 100 peers |
| Relative strength against the sector, log excess return | (0.20) | (0.13) | 44 | ahead of 44 of 100 peers |
Inputs: market equity $184.8B; EBIT $17.6B; free cash flow $10.1B; book equity $110.0B; sales $94.4B; debt $42.0B; cash $5.2B[27].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-09-27 | ||
|---|---|---|
| Return on assets above zero | 6.3% | ✓ pass[3,5] |
| Operating cash flow above zero | $18.1B | ✓ pass[4] |
| Return on assets improved | 3.9 pts | ✓ pass[3,5,23,28] |
| Operating cash flow exceeds net income | $5.7B | ✓ pass[3-4] |
| Long-term leverage fell | (1.5 pts) | ✓ pass[1,5,23,29-30] |
| Current ratio improved | (1.9 pts) | ✗ fail[11-12,31-32] |
| No new shares issued | (1.4%) | ✓ pass[25-26] |
| Gross margin improved | n/a | |
| Asset turnover improved | 3.7 pts | ✓ pass[2,5,13,23] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $5.2B[33] |
| Operating cash flow, four quarters | $17.0B[4,33-37] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 65 |
| 10-Q received Aug 5, 2026 | |
| Median daily dollar volume | $874.1M |
| 63 sessions | |
| Days since newest grade input | 330 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $197.5B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $94.4B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 3 | net income | us-gaap:NetIncomeLoss | $12.4B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 4 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $18.1B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 5 | assets | us-gaap:Assets | $196.2B | 2024-09-28 | 2025-11-13 | 10-K | filing · viewer · series |
| 6 | total debt | us-gaap:LongTermDebt | $42.0B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 7 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $5.7B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 8 | operating income | us-gaap:OperatingIncomeLoss | $17.6B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 9 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $5.3B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 10 | interest expense | us-gaap:InterestExpense | -$1.8B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 11 | current assets | us-gaap:AssetsCurrent | $24.3B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 12 | current liabilities | us-gaap:LiabilitiesCurrent | $34.2B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:Revenues | $91.4B | 2024-09-28 | 2025-11-13 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:Revenues | $88.9B | 2023-09-30 | 2025-11-13 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:Revenues | $82.7B | 2022-10-01 | 2024-11-14 | 10-K | filing · viewer · series |
| 16 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $8.0B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 17 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | $14.0B | 2024-09-28 | 2024-11-14 | 10-K | filing · viewer · series |
| 18 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $5.4B | 2024-09-28 | 2025-11-13 | 10-K | filing · viewer · series |
| 19 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | $9.9B | 2023-09-30 | 2024-11-14 | 10-K | filing · viewer · series |
| 20 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $5.0B | 2023-09-30 | 2025-11-13 | 10-K | filing · viewer · series |
| 21 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | $6.0B | 2022-10-01 | 2024-11-14 | 10-K | filing · viewer · series |
| 22 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $4.9B | 2022-10-01 | 2024-11-14 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $205.6B | 2023-09-30 | 2024-11-14 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $203.6B | 2022-10-01 | 2023-11-21 | 10-K | filing · viewer · series |
| 25 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1,785,288,846 | 2025-11-05 | 2025-11-13 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1,810,939,306 | 2024-11-06 | 2024-11-14 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 1,726,686,902 | 2026-07-29 | 2026-08-05 | 10-Q | filing · viewer · series |
| 28 | net income | us-gaap:NetIncomeLoss | $5.0B | 2024-09-28 | 2025-11-13 | 10-K | filing · viewer · series |
| 29 | long term debt | us-gaap:LongTermDebtNoncurrent | $35.3B | 2025-09-27 | 2025-11-13 | 10-K | filing · viewer · series |
| 30 | long term debt | us-gaap:LongTermDebtNoncurrent | $39.0B | 2024-09-28 | 2025-11-13 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $25.2B | 2024-09-28 | 2025-11-13 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $34.6B | 2024-09-28 | 2025-11-13 | 10-K | filing · viewer · series |
| 33 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $5.2B | 2026-06-27 | 2026-08-05 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $12.5B | 2026-06-27 | 2026-08-05 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $7.6B | 2026-03-28 | 2026-05-06 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $735.0M | 2025-12-27 | 2026-02-02 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $13.6B | 2025-06-28 | 2026-08-05 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 64.2 is 4.2 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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