DIS vs WMG
Walt Disney Co. and Warner Music Group Corp., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DIS | WMG |
|---|---|---|
| Revenue | $94.4B | $6.7B |
| Net income | $12.4B | $365.0M |
| Gross margin | · | 45.8% |
| Net margin | 14.2% | 5.4% |
| Return on equity | 11.8% | 62.7% |
| Diluted EPS | $6.85 | · |
| Dividend / share | · | $0.73 |
| Payout ratio | 14.5% | 104.9% |
| Free cash flow | $10.1B | $539.0M |
| Equity | $109.9B | $647.0M |
| Net debt / equity | 0.33× | 5.46× |
| Current ratio | 0.71× | 0.66× |
| Revenue CAGR 5y | 7.6% | 8.5% |
| Profit CAGR 5y | · | · |
DIS bills 14.1× the revenue of WMG, and keeps more of each dollar of revenue as profit (14.2% against 5.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | DIS | WMG |
|---|---|---|
| FY2025 | $94.4B | $6.7B |
| FY2024 | $91.4B | $6.4B |
| FY2023 | $88.9B | $6.0B |
| FY2022 | $82.7B | $5.9B |
| FY2021 | $67.4B | $5.3B |
| FY2020 | $65.4B | $4.5B |
| FY2019 | $69.6B | $4.5B |
| FY2018 | $59.4B | $4.0B |
| FY2017 | $55.1B | $3.6B |
Bottom line
| Fiscal year | DIS | WMG |
|---|---|---|
| FY2025 | $12.4B | $365.0M |
| FY2024 | $5.0B | $435.0M |
| FY2023 | $2.4B | $430.0M |
| FY2022 | $3.1B | $551.0M |
| FY2021 | $2.0B | $304.0M |
| FY2020 | $-2.9B | $-475.0M |
| FY2019 | $11.1B | $256.0M |
| FY2018 | $12.6B | $307.0M |
| FY2017 | $9.0B | $143.0M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$87,718,000,000 | DIS |
| FY2024 | +$84,935,000,000 | DIS |
| FY2023 | +$82,861,000,000 | DIS |
| FY2022 | +$76,803,000,000 | DIS |
| FY2021 | +$62,117,000,000 | DIS |
| FY2020 | +$60,925,000,000 | DIS |
| FY2019 | +$65,132,000,000 | DIS |
| FY2018 | +$55,429,000,000 | DIS |
| FY2017 | +$51,561,000,000 | DIS |
DIS has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +8.8 pp | DIS |
| FY2024 | −0.5 pp | WMG |
| FY2023 | −3.3 pp | WMG |
| FY2022 | −5.1 pp | WMG |
| FY2021 | −2.0 pp | WMG |
| FY2020 | +6.9 pp | DIS |
| FY2019 | +10.9 pp | DIS |
| FY2018 | +14.3 pp | DIS |
| FY2017 | +13.0 pp | DIS |
The higher net margin has changed hands between DIS and WMG over this period.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DIS's net margin has been more volatile than WMG's over the 9 comparable fiscal years — 7.9 percentage points of standard deviation against 5.6.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DIS and WMG over these 9 fiscal years — DIS led in 5 and WMG in 4.
9 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WMG's return on equity has been more volatile than DIS's over the 4 comparable fiscal years — 214.2 percentage points of standard deviation against 3.7.
4 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
WMG led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 14 comparable fiscal years — a year missing data on either side is not counted.