Walt Disney Co（DIS）の決算・業績分析
Walt Disney Coの2025年有価証券報告書をAI分析。売上高$94.4B(+3.4%)。営業利益$17.6B。Consumer Discretionary。
目次
Walt Disney Coの2025年度 業績サマリー
Walt Disney Co（証券コード: DIS）の2025年度決算・業績分析。売上高は$94.4B（前年比+3.4%）。営業利益は$17.6B（前年比+12.5%）。純利益は$12.4B（前年比+149.5%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Walt Disney Coの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged 22.7% YoY to $82.7B (XBRL), driven by streaming growth and post-pandemic recovery.
- Operating income jumped 56.1% YoY to $12.1B (XBRL), with operating margin expanding to 14.7%.
- Net income rose 57.6% YoY to $3.1B (XBRL), despite a 5-year Net Income CAGR of -28.5% (XBRL).
- Net debt to EBITDA ratio stands at 1.8x (XBRL), with long-term debt at $42.1B (XBRL).
Walt Disney Coの売上高変化の要因
- •Revenue grew 22.7% YoY to $82.7B (XBRL), with a 5-year CAGR of 8.4% (XBRL). Historical data shows revenue increased from $59.4B in FY2020 to $82.7B in FY2024, reflecting recovery in theatrical and TV/VOD distribution post-pandemic and growth in streaming services. Operating income surged 56.1% YoY to $12.1B (XBRL), though its 5-year CAGR is negative (-3.9% YoY). The Entertainment segment likely drove this growth, given Disney+'s expansion and content licensing deals.
Walt Disney Coの営業利益変化の要因
- •Operating margin improved to 14.7% (XBRL), with net margin at 3.8% (XBRL). Operating income rose 56.1% YoY to $12.1B (XBRL), while net income increased 57.6% YoY to $3.1B (XBRL). Despite a 5-year Net Income CAGR of -28.5% (XBRL), FY2024 marks a turnaround from FY2022's -$2.9B loss (XBRL). EBITDA of $17.3B (20.9% margin) reflects strong cost management and operational efficiency.
Walt Disney Coの事業リスクと対応
Economic downturns reduce demand for Disney's products/services and increase costs (10-K).
Foreign currency fluctuations hurt international revenue and profitability (10-K).
Technological shifts and changing consumer habits disrupt entertainment demand and distribution (10-K).
Inflation and elevated labor costs persist despite moderation in price levels (10-K).
Geopolitical instability limits currency hedging and revenue repatriation from international markets (10-K).
Walt Disney Coの事業内容
Walt Disney Co operates a global entertainment business, generating revenue through subscription fees (e.g., Disney+), advertising, affiliate fees, theatrical and TV/VOD distribution, and home entertainment sales (10-K). Key segments include **Entertainment** (film/TV production, streaming services like Disney+ and Hulu, and linear networks like ABC and ESPN), **Sports** (ESPN and sports content), and **Experiences** (theme parks and resorts). The company leverages intellectual property (IP) from its Entertainment segment, extensive distribution networks, and diversified revenue streams as competitive advantages (10-K). No significant customer concentration is reported (10-K).
Walt Disney CoのAI業績分析レポート（2024年度）
Walt Disney Co (DIS) Annual Report Analysis FY2024
Highlights
Business Overview
Walt Disney Co operates a global entertainment business, generating revenue through subscription fees (e.g., Disney+), advertising, affiliate fees, theatrical and TV/VOD distribution, and home entertainment sales (10-K). Key segments include Entertainment (film/TV production, streaming services like Disney+ and Hulu, and linear networks like ABC and ESPN), Sports (ESPN and sports content), and Experiences (theme parks and resorts). The company leverages intellectual property (IP) from its Entertainment segment, extensive distribution networks, and diversified revenue streams as competitive advantages (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
Revenue grew 22.7% YoY to $82.7B (XBRL), with a 5-year CAGR of 8.4% (XBRL). Historical data shows revenue increased from $59.4B in FY2020 to $82.7B in FY2024, reflecting recovery in theatrical and TV/VOD distribution post-pandemic and growth in streaming services. Operating income surged 56.1% YoY to $12.1B (XBRL), though its 5-year CAGR is negative (-3.9% YoY). The Entertainment segment likely drove this growth, given Disney+'s expansion and content licensing deals.
Profitability Analysis
Operating margin improved to 14.7% (XBRL), with net margin at 3.8% (XBRL). Operating income rose 56.1% YoY to $12.1B (XBRL), while net income increased 57.6% YoY to $3.1B (XBRL). Despite a 5-year Net Income CAGR of -28.5% (XBRL), FY2024 marks a turnaround from FY2022's -$2.9B loss (XBRL). EBITDA of $17.3B (20.9% margin) reflects strong cost management and operational efficiency.
Balance Sheet Analysis
Total assets increased to $205.6B (XBRL) in FY2024, with total equity rising to $99.3B (XBRL). The equity ratio is 48.3% (XBRL), and current ratio is 1.05x (XBRL). Cash reserves stand at $11.6B (XBRL), but net debt of $30.5B (XBRL) (1.8x EBITDA) highlights leverage risks. Long-term debt remains at $42.1B (XBRL), with no details on maturity schedules or interest rates (XBRL).
Cash Flow Analysis
Operating cash flow was $6.0B (XBRL), with free cash flow (FCF) of $1.1B (XBRL) after $4.9B in CapEx (XBRL). Investing cash flow was -$5.0B (XBRL), reflecting capital investments, while financing cash flow was -$4.7B (XBRL). No dividends or share repurchases were paid (XBRL). CapEx intensity is 6.0% (XBRL), with CapEx/D&A ratio at 0.96x (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 59.4B | 69.6B | 65.4B | 67.4B | 82.7B | 88.9B |
| Operating Income | 15.7B | 14.8B | 8.1B | 7.8B | 12.1B | 12.9B |
| Net Income | 12.6B | 11.1B | -2.9B | 2.0B | 3.1B | 2.4B |
| Total Assets | 194.0B | 201.5B | 203.6B | 203.6B | 205.6B | 196.2B |
| Total Equity | 88.9B | 83.6B | 88.6B | 95.0B | 99.3B | 100.7B |
| Operating Cash Flow | 14.3B | 6.0B | 7.6B | 5.6B | 6.0B | 9.9B |
Consumer Discretionaryの企業一覧
Walt Disney Coと同じ「Consumer Discretionary」セクターの企業