DIS vs NFLX: Walt Disney and Netflix compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Netflix is the larger company, worth $302.0B, about 1.6 times Walt Disney.
- Netflix grew revenue faster over the last year (+13.4% vs +6.8%).
- Netflix keeps more of each dollar of revenue as operating profit (29.7% vs 18.4%).
- On earnings, Walt Disney is the cheaper stock (16.9x vs 23.1x).
- Netflix's price assumes faster free cash flow growth: about 11% a year, against 4% for Walt Disney (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | DIS | NFLX |
|---|---|---|
| Market cap | $183.7B | $302.0B |
| Share price | $108.05 | $70.30 |
| Revenue (last fiscal year) | $94.4B | $45.2B |
| Free cash flow (last fiscal year) | $10.1B | $9.5B |
| Revenue growth, last year | +6.8% | +13.4% |
| Revenue growth per year, last 5 fiscal years | +8.8% | +11.1% |
| Operating margin | 18.4% | 29.7% |
| Net margin | 8.7% | 28.2% |
| Return on equity | 7.8% | 45.3% |
| P/E (trailing) | 16.9x | 23.1x |
| Price / free cash flow | 18.2x | 31.9x |
| EV / EBITDA | 14.1x | 17.2x |
| FCF growth the price implies | 3.8% | 11.1% |
| Dividend yield | 1.4% | — |
| Debt / equity | 0.80x | 0.94x |
| Fundamental grade | C | C |
| Superinvestors holding it | 0 | 13 |
| Insider purchases, last 12 months | 10 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Walt Disney
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $67.4B | $2.0B | 11.5% |
| 2022 | $82.7B | $1.1B | 14.7% |
| 2023 | $88.9B | $4.9B | 14.5% |
| 2024 | $91.4B | $8.6B | 17.1% |
| 2025 | $94.4B | $10.1B | 18.6% |
Netflix
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $29.7B | -$132M | 20.9% |
| 2022 | $31.6B | $1.6B | 17.8% |
| 2023 | $33.7B | $6.9B | 20.6% |
| 2024 | $39.0B | $6.9B | 26.7% |
| 2025 | $45.2B | $9.5B | 29.5% |
Where the revenue comes from
Walt Disney · by segments, 2025
Entertainment Segment$42.5B44%
Experiences Segment$36.2B38%
Sports Segment$17.7B18%
Netflix · by regions, 2025
United States and Canada (UCAN)$20.0B44%
Europe, Middle East, and Africa (EMEA)$14.5B32%
Latin America (LATAM)$5.4B12%
Asia-Pacific (APAC)$5.4B12%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open DIS in InvestinglyQuestions
Which is bigger, Walt Disney or Netflix?
Netflix (NFLX), at $302.0B against $183.7B.
Is DIS or NFLX cheaper?
By trailing P/E, Walt Disney (16.9x) is cheaper than Netflix (23.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, DIS or NFLX?
Netflix: revenue grew +13.4% over the last year, against +6.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.