Walt Disney Company (DIS)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,673,000 | 3,733,000 | 3,440,000 | 5,907,000 | 4,976,000 | 4,877,000 | 4,786,000 | 3,545,000 | 3,579,000 | 2,020,000 | 1,166,000 | -4,671,000 | -4,697,000 | -2,165,000 | -109,000 | 7,096,000 | 13,212,000 |
| Revenue (ttm) | US$ in thousands | 88,935,000 | 88,898,000 | 87,807,000 | 86,981,000 | 84,415,000 | 82,722,000 | 81,106,000 | 76,624,000 | 72,988,000 | 67,418,000 | 63,591,000 | 58,348,000 | 60,760,000 | 65,388,000 | 69,799,000 | 78,282,000 | 75,181,000 |
| Pretax margin | 5.25% | 4.20% | 3.92% | 6.79% | 5.89% | 5.90% | 5.90% | 4.63% | 4.90% | 3.00% | 1.83% | -8.01% | -7.73% | -3.31% | -0.16% | 9.06% | 17.57% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,673,000K ÷ $88,935,000K
= 5.25%
The pretax margin of Walt Disney Company has exhibited volatility over the past several quarters. The trend shows a significant improvement from negative values in Q1 and Q2 of 2021 to positive values by Q4 of 2021. However, there was a steep decline in Q1 and Q2 of 2022, indicating challenges in the company's profitability during that period. The pretax margin gradually recovered in subsequent quarters but remained relatively lower than the peak seen in Q4 of 2019. This suggests that while the company has made progress in enhancing profitability, there may be ongoing efforts needed to sustain and further improve margins in the future.
Peer comparison
Dec 31, 2023