Walt Disney Co
Walt Disney Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Jun 27, 2026 | 8.57% | 10.94% | — | 7.85% | 4.29% | 0.9 pp |
| FY 2026 Q2 | Mar 28, 2026 | — | 10.43% | — | 10.54% | 5.6% | — |
| FY 2026 Q1 | Dec 27, 2025 | — | 10.48% | — | 11.65% | 6.14% | — |
| FY 2025 Q4 | Sep 27, 2025 | — | 10.8% | — | 11.78% | 6.3% | — |
| FY 2025 Q3 | Jun 28, 2025 | — | 10.88% | — | 11.01% | 5.86% | — |
| FY 2025 Q2 | Mar 29, 2025 | 10.53% | 10.72% | 244.22% | 8.75% | 4.56% | 2.8 pp |
| FY 2025 Q1 | Dec 28, 2024 | 8.6% | 10.21% | 502.83% | 5.54% | 2.84% | 0.9 pp |
| FY 2024 Q4 | Sep 28, 2024 | 8.45% | 9.28% | 30.19% | 4.97% | 2.47% | 0.8 pp |
| FY 2024 Q3 | Jun 29, 2024 | 8.11% | 8.84% | — | 4.82% | 2.38% | 0.4 pp |
| FY 2024 Q2 | Mar 30, 2024 | 6.65% | 8.41% | — | 1.72% | 0.85% | -1 pp |
| FY 2024 Q1 | Dec 30, 2023 | 6.82% | 8.01% | — | 3.03% | 1.49% | -0.9 pp |
| FY 2023 Q4 | Sep 30, 2023 | — | — | — | — | — | — |
| FY 2023 Q3 | Jul 1, 2023 | — | — | — | — | — | — |
| FY 2023 Q2 | Apr 1, 2023 | — | — | — | — | — | — |
| FY 2023 Q1 | Dec 31, 2022 | — | — | — | — | — | — |
| FY 2021 Q4 | Oct 2, 2021 | 5.91% | 4.47% | — | 2.32% | 0.98% | -1.8 pp |
| FY 2021 Q3 | Jul 3, 2021 | 5.04% | 3.86% | — | 1.3% | 0.55% | -2.7 pp |
| FY 2021 Q2 | Apr 3, 2021 | — | 3.19% | — | -5.13% | -2.22% | — |
| FY 2021 Q1 | Jan 2, 2021 | — | 3.19% | — | -5.7% | -2.46% | — |
| FY 2020 Q4 | Oct 3, 2020 | — | 4.8% | — | -3.32% | -1.45% | — |
| FY 2020 Q3 | Jun 27, 2020 | — | 6.41% | — | -1.25% | -0.53% | — |
| FY 2020 Q2 | Mar 28, 2020 | 7.24% | 8.11% | — | 5.97% | 2.56% | -0.5 pp |
| FY 2020 Q1 | Dec 28, 2019 | — | — | — | — | — | — |
| FY 2019 Q4 | Sep 28, 2019 | — | — | — | — | — | — |
| FY 2019 Q3 | Jun 29, 2019 | — | — | — | — | — | — |
| FY 2019 Q2 | Mar 30, 2019 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · DIS, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.