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Side-by-side financial comparison of Walt Disney Company (The) (DIS) and Netflix (NFLX), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Walt Disney Company (The) is the larger business by last-quarter revenue ($26.0B vs $12.1B, roughly 2.2× Netflix). Netflix runs the higher net margin — 9.2% vs 20.1%, a 10.8% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (17.6% vs 5.2%). Netflix produced more free cash flow last quarter ($1.9B vs $-2.3B). Over the past eight quarters, Netflix's revenue compounded faster (13.4% CAGR vs 8.5%).
The Walt Disney Company, commonly known as simply Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Founded on October 16, 1923, as an animation studio by brothers Walt Disney and Roy Oliver Disney as Disney Brothers Cartoon Studio, Disney operated under the names Walt Disney Studio and Walt Disney Productions before adopting its current name in 1986.
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
DIS vs NFLX — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $26.0B | $12.1B |
| Net Profit | $2.4B | $2.4B |
| Gross Margin | — | 45.9% |
| Operating Margin | 17.7% | 24.5% |
| Net Margin | 9.2% | 20.1% |
| Revenue YoY | 5.2% | 17.6% |
| Net Profit YoY | -6.0% | 29.4% |
| EPS (diluted) | $1.34 | $-17.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $26.0B | $12.1B | ||
| Q3 25 | $22.5B | $11.5B | ||
| Q2 25 | $23.6B | $11.1B | ||
| Q1 25 | $23.6B | $10.5B | ||
| Q4 24 | $24.7B | $10.2B | ||
| Q3 24 | $22.6B | $9.8B | ||
| Q2 24 | $23.2B | $9.6B | ||
| Q1 24 | $22.1B | $9.4B |
| Q4 25 | $2.4B | $2.4B | ||
| Q3 25 | $1.3B | $2.5B | ||
| Q2 25 | $5.3B | $3.1B | ||
| Q1 25 | $3.3B | $2.9B | ||
| Q4 24 | $2.6B | $1.9B | ||
| Q3 24 | $460.0M | $2.4B | ||
| Q2 24 | $2.6B | $2.1B | ||
| Q1 24 | $-20.0M | $2.3B |
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 51.9% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 43.7% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 45.9% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | 17.7% | 24.5% | ||
| Q3 25 | 15.5% | 28.2% | ||
| Q2 25 | 19.3% | 34.1% | ||
| Q1 25 | 18.8% | 31.7% | ||
| Q4 24 | 20.5% | 22.2% | ||
| Q3 24 | 16.2% | 29.6% | ||
| Q2 24 | 18.2% | 27.2% | ||
| Q1 24 | 17.4% | 28.1% |
| Q4 25 | 9.2% | 20.1% | ||
| Q3 25 | 5.8% | 22.1% | ||
| Q2 25 | 22.2% | 28.2% | ||
| Q1 25 | 13.9% | 27.4% | ||
| Q4 24 | 10.3% | 18.2% | ||
| Q3 24 | 2.0% | 24.1% | ||
| Q2 24 | 11.3% | 22.5% | ||
| Q1 24 | -0.1% | 24.9% |
| Q4 25 | $1.34 | $-17.14 | ||
| Q3 25 | $0.72 | $5.87 | ||
| Q2 25 | $2.92 | $7.19 | ||
| Q1 25 | $1.81 | $6.61 | ||
| Q4 24 | $1.40 | $4.27 | ||
| Q3 24 | $0.26 | $5.40 | ||
| Q2 24 | $1.43 | $4.88 | ||
| Q1 24 | $-0.01 | $5.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.7B | $9.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $108.5B | $26.6B |
| Total Assets | $202.1B | $55.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $5.7B | $9.1B | ||
| Q3 25 | $5.7B | $9.3B | ||
| Q2 25 | $5.4B | $8.4B | ||
| Q1 25 | $5.9B | $8.4B | ||
| Q4 24 | $5.5B | $9.6B | ||
| Q3 24 | $6.0B | $9.2B | ||
| Q2 24 | $6.0B | $6.7B | ||
| Q1 24 | $6.6B | $7.0B |
| Q4 25 | — | — | ||
| Q3 25 | $42.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $45.8B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $108.5B | $26.6B | ||
| Q3 25 | $109.9B | $26.0B | ||
| Q2 25 | $109.1B | $25.0B | ||
| Q1 25 | $104.3B | $24.0B | ||
| Q4 24 | $101.9B | $24.7B | ||
| Q3 24 | $100.7B | $22.7B | ||
| Q2 24 | $100.6B | $22.1B | ||
| Q1 24 | $99.3B | $21.4B |
| Q4 25 | $202.1B | $55.6B | ||
| Q3 25 | $197.5B | $54.9B | ||
| Q2 25 | $196.6B | $53.1B | ||
| Q1 25 | $195.8B | $52.1B | ||
| Q4 24 | $197.0B | $53.6B | ||
| Q3 24 | $196.2B | $52.3B | ||
| Q2 24 | $197.8B | $49.1B | ||
| Q1 24 | $195.1B | $48.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $735.0M | $2.1B |
| Free Cash FlowOCF − Capex | $-2.3B | $1.9B |
| FCF MarginFCF / Revenue | -8.8% | 15.5% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 11.6% | 2.0% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 0.31× | 0.87× |
| TTM Free Cash FlowTrailing 4 quarters | $7.1B | $9.5B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $735.0M | $2.1B | ||
| Q3 25 | $4.5B | $2.8B | ||
| Q2 25 | $3.7B | $2.4B | ||
| Q1 25 | $6.8B | $2.8B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $5.5B | $2.3B | ||
| Q2 24 | $2.6B | $1.3B | ||
| Q1 24 | $3.7B | $2.2B |
| Q4 25 | $-2.3B | $1.9B | ||
| Q3 25 | $2.6B | $2.7B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $4.9B | $2.7B | ||
| Q4 24 | $739.0M | $1.4B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $2.4B | $2.1B |
| Q4 25 | -8.8% | 15.5% | ||
| Q3 25 | 11.4% | 23.1% | ||
| Q2 25 | 8.0% | 20.5% | ||
| Q1 25 | 20.7% | 25.2% | ||
| Q4 24 | 3.0% | 13.5% | ||
| Q3 24 | 17.8% | 22.3% | ||
| Q2 24 | 5.3% | 12.7% | ||
| Q1 24 | 10.9% | 22.8% |
| Q4 25 | 11.6% | 2.0% | ||
| Q3 25 | 8.5% | 1.4% | ||
| Q2 25 | 7.5% | 1.4% | ||
| Q1 25 | 7.9% | 1.2% | ||
| Q4 24 | 10.0% | 1.5% | ||
| Q3 24 | 6.6% | 1.3% | ||
| Q2 24 | 5.9% | 0.8% | ||
| Q1 24 | 5.7% | 0.8% |
| Q4 25 | 0.31× | 0.87× | ||
| Q3 25 | 3.41× | 1.11× | ||
| Q2 25 | 0.70× | 0.78× | ||
| Q1 25 | 2.06× | 0.97× | ||
| Q4 24 | 1.25× | 0.82× | ||
| Q3 24 | 12.00× | 0.98× | ||
| Q2 24 | 0.99× | 0.60× | ||
| Q1 24 | — | 0.95× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
DIS
| Subscription And Affiliate Fees | $7.3B | 28% |
| Sports Segment | $4.9B | 19% |
| Sports Third Party | $4.5B | 17% |
| Products | $2.8B | 11% |
| Resortandvacations | $2.4B | 9% |
| Content Sales | $1.9B | 7% |
| Advertising | $1.8B | 7% |
| Other Revenue | $455.0M | 2% |
| License | $193.0M | 1% |
NFLX
Segment breakdown not available.
