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Walt Disney vs Target: revenue, profit, margins and growth compared

Walt Disney brought in $94.4B of revenue in fiscal 2025, Target $104.8B in fiscal 2025. Revenue changed by +3.4% at Walt Disney and -1.7% at Target on the year before, so Walt Disney grew faster. Walt Disney kept 13.1% of its revenue as net profit, Target 3.5%. Free cash flow was $10.1B at Walt Disney and $2.8B at Target.

Side by side, latest fiscal year

DISTGT
Fiscal year endedFY2025 (September 27, 2025)FY2025 (January 31, 2026)
Revenue$94.4B$104.8B
Revenue growth+3.4%-1.7%
Net income$12.4B$3.7B
Net margin13.1%3.5%
Free cash flow$10.1B$2.8B
Free cash flow margin10.7%2.7%
Earnings per share (diluted)$6.85$8.13
Cash$5.7B$5.5B
Debt$42B$14.4B
Price to earnings15.519.4
Market value$183.3B$71.5B
Dividend yieldn/a2.88%
Rank by revenue in sector#7 of 778 · Consumer discretionary#5 of 778 · Consumer discretionary

Over the years

Revenue
DIS FY2019: $59.4BDIS FY2019: $69.6BDIS FY2020: $65.4BDIS FY2021: $67.4BDIS FY2022: $82.7BDIS FY2023: $88.9BDIS FY2024: $91.4BDIS FY2025: $94.4BTGT FY2018: $75.4BTGT FY2019: $78.1BTGT FY2020: $93.6BTGT FY2021: $106BTGT FY2022: $109.1BTGT FY2023: $107.4BTGT FY2024: $106.6BTGT FY2025: $104.8BFY18FY19FY20FY21FY22FY23FY24FY25
DIS $94.4BTGT $104.8B
Net income
DIS FY2019: $12.6BDIS FY2019: $11.1BDIS FY2020: -$2.9BDIS FY2021: $2BDIS FY2022: $3.1BDIS FY2023: $2.4BDIS FY2024: $5BDIS FY2025: $12.4BTGT FY2018: $2.9BTGT FY2019: $3.3BTGT FY2020: $4.4BTGT FY2021: $6.9BTGT FY2022: $2.8BTGT FY2023: $4.1BTGT FY2024: $4.1BTGT FY2025: $3.7BFY18FY19FY20FY21FY22FY23FY24FY25
DIS $12.4BTGT $3.7B
Net margin
DIS FY2019: 21.2%DIS FY2019: 15.9%DIS FY2020: -4.4%DIS FY2021: 3.0%DIS FY2022: 3.8%DIS FY2023: 2.6%DIS FY2024: 5.4%DIS FY2025: 13.1%TGT FY2018: 3.9%TGT FY2019: 4.2%TGT FY2020: 4.7%TGT FY2021: 6.6%TGT FY2022: 2.5%TGT FY2023: 3.9%TGT FY2024: 3.8%TGT FY2025: 3.5%FY18FY19FY20FY21FY22FY23FY24FY25
DIS 13.1%TGT 3.5%
Revenue growth
DIS FY2019: +17.1%DIS FY2020: -6.1%DIS FY2021: +3.1%DIS FY2022: +22.7%DIS FY2023: +7.5%DIS FY2024: +2.8%DIS FY2025: +3.4%TGT FY2019: +3.7%TGT FY2020: +19.8%TGT FY2021: +13.3%TGT FY2022: +2.9%TGT FY2023: -1.6%TGT FY2024: -0.8%TGT FY2025: -1.7%FY19FY20FY21FY22FY23FY24FY25
DIS +3.4%TGT -1.7%
Free cash flow
DIS FY2019: $9.8BDIS FY2019: $1.1BDIS FY2020: $3.6BDIS FY2021: $2BDIS FY2022: $1.1BDIS FY2023: $4.9BDIS FY2024: $8.6BDIS FY2025: $10.1BTGT FY2018: $2.5BTGT FY2019: $4.1BTGT FY2020: $7.9BTGT FY2021: $5.1BTGT FY2022: -$1.5BTGT FY2023: $3.8BTGT FY2024: $4.5BTGT FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
DIS $10.1BTGT $2.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Walt Disney and Target

Which is bigger by revenue, Walt Disney or Target?

Target is bigger by revenue: $104.8B in fiscal 2025, against $94.4B for Walt Disney in fiscal 2025.

Which keeps more of its revenue as profit, Walt Disney or Target?

Walt Disney had a net margin of 13.1% in fiscal 2025; Target had 3.5% in fiscal 2025.

Which grew revenue faster, Walt Disney or Target?

In their latest fiscal years revenue changed by +3.4% at Walt Disney and -1.7% at Target.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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