CompanyGraph
Sphere Entertainment Co.
SPHR · NYSE Arca · United States
sphereentertainmentco.comFinancials as of FY2025
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
At a glance
- Depends onMidstream position: 5 outgoing, 5 incoming connections
- ScaleMarket cap is $5.07B, above the global median of $1.15B
- PositionOperating margin is -19.5%, lower than 95% of its Entertainment peers (median 10.6%)
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Sign inThe reported statements, read against the company's own industry.
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
Financials view
Market Capitalization
5.07BUSDvs all stocks (USD)
Revenue (TTM)
1.36BUSDvs all stocks (USD)
Profit Margin
-5.66%vs Entertainment peers
Beta
1.61xvs all stocks
52-Week Change
124.08%vs all stocks
Market Capitalization
5.07BUSDvs all stocks (USD)
Enterprise Value
5.43BUSDvs all stocks (USD)
Forward P/E
-68.84xvs Entertainment peers
Price to Sales (TTM)
3.74xvs Entertainment peers
Price to Book (MRQ)
2.28xvs Entertainment peers
Enterprise to Revenue
4.00xvs Entertainment peers
Enterprise to EBITDA
21.35xvs Entertainment peers
Gross Margin
51.84%vs Entertainment peers
Profit Margin
-5.66%vs Entertainment peers
Operating Margin
-19.55%vs Entertainment peers
Return on Assets (TTM)
-1.25%vs Entertainment peers
Return on Equity (TTM)
-3.10%vs Entertainment peers
Revenue (TTM)
1.36BUSDvs all stocks (USD)
Revenue per Share (TTM)
37.71USDUpdated Sep 28, 2026Quarterly Revenue Growth
11.00%vs Entertainment peers
Gross Profit (TTM)
742.28MUSDvs all stocks (USD)
EBITDA (TTM)
272.08MUSDvs all stocks (USD)
Net Income (TTM)
-76.84MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
10.95%vs Entertainment peers
Operating Cash Flow (TTM)
398.64MUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
442.72MUSDvs all stocks (USD)
Trailing Annual Dividend Rate
0.00USDUpdated Sep 28, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%vs Entertainment peers
Revenue
1.22BUSDFY2025 · Dec 31, 2025Cost of Goods Sold
589.98MUSDFY2025 · Dec 31, 2025Gross Profit
630.07MUSDFY2025 · Dec 31, 2025Operating Income
-148.26MUSDvs all stocks (USD)
Pre-tax Income
57.22MUSDFY2025 · Dec 31, 2025Income Tax Expense
23.81MUSDFY2025 · Dec 31, 2025Net Income
33.41MUSDFY2025 · Dec 31, 2025EBIT
127.76MUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
199.38MUSDFY2025 · Dec 31, 2025Selling, General & Administrative
441.92MUSDFY2025 · Dec 31, 2025Non-operating Interest Income
13.50MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
70.55MUSDFY2025 · Dec 31, 2025EPS (Basic)
0.9300USDFY2025 · Dec 31, 2025EPS (Diluted)
0.7400USDFY2025 · Dec 31, 2025Basic Shares Outstanding
36.07MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
36.07MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
33.41MUSDFY2025 · Dec 31, 2025Operating Cash Flow
579.51MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
521.26MUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
33.41MUSDFY2025 · Dec 31, 2025Depreciation & Amortization
336.41MUSDFY2025 · Dec 31, 2025Deferred Taxes (CF)
20.92MUSDFY2025 · Dec 31, 2025Stock-based Compensation
59.01MUSDFY2025 · Dec 31, 2025Other Non-cash Items
40.10MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-17.13MUSDFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
-9.01MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
115.81MUSDFY2025 · Dec 31, 2025Net Acquisitions
48.76MUSDFY2025 · Dec 31, 2025Sale of Investments
0.00USDFY2025 · Dec 31, 2025Other Investing Activity
-311.00KUSDFY2025 · Dec 31, 2025Net Investing Cash Flow
48.45MUSDFY2025 · Dec 31, 2025Long-term Debt Issuance
0.00USDFY2025 · Dec 31, 2025Long-term Debt Payments
-165.27MUSDFY2025 · Dec 31, 2025Common Stock Repurchase
-50.02MUSDFY2025 · Dec 31, 2025Common Dividends Paid
0.00USDFY2025 · Dec 31, 2025Other Financing Charges
-24.54MUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
-239.83MUSDFY2025 · Dec 31, 2025Shares Outstanding
35.91MSharesUpdated Sep 28, 2026Float Shares
24.70MSharesUpdated Sep 28, 2026Shares Short
6.45MSharesUpdated Sep 28, 2026Short Ratio
10.68daysvs all stocks
Short % of Shares Outstanding
31.79%vs all stocks
% Held by Insiders
6.72%vs all stocks
% Held by Institutions
134.36%vs all stocks
Total Cash (MRQ)
550.97MUSDvs all stocks (USD)
Total Cash per Share (MRQ)
15.34USDUpdated Sep 28, 2026Total Debt (MRQ)
913.31MUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
0.4099xvs Entertainment peers
Current Ratio (MRQ)
1.22xvs Entertainment peers
Book Value per Share (MRQ)
62.03USDUpdated Sep 28, 2026Total Assets
4.21BUSDvs all stocks (USD)
Total Current Assets
810.17MUSDFY2025 · Dec 31, 2025Total Liabilities
1.98BUSDFY2025 · Dec 31, 2025Total Non-current Assets
3.40BUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
1.23BUSDFY2025 · Dec 31, 2025Total Current Liabilities
743.37MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
507.78MUSDFY2025 · Dec 31, 2025Accounts Receivable
171.63MUSDFY2025 · Dec 31, 2025Inventory
14.45MUSDFY2025 · Dec 31, 2025Accounts Payable
24.59MUSDFY2025 · Dec 31, 2025Short-term Debt
80.19MUSDFY2025 · Dec 31, 2025Deferred Revenue
192.81MUSDFY2025 · Dec 31, 2025Long-term Debt
881.26MUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
179.92MUSDFY2025 · Dec 31, 2025Common Stock (Book)
366.00KUSDFY2025 · Dec 31, 2025Retained Earnings
-186.44MUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
2.23BUSDvs all stocks (USD)
Treasury Stock
50.02MUSDFY2025 · Dec 31, 202552-Week Low
57.01USDUpdated Sep 28, 202652-Week High
181.63USDUpdated Sep 28, 202652-Week Change
124.08%vs all stocks
Beta
1.61xvs all stocks
50-Day MA
148.64USDUpdated Sep 28, 2026200-Day MA
127.61USDUpdated Sep 28, 2026Avg 10-Day Volume
547.20KSharesUpdated Sep 28, 2026Avg 30-Day Volume
589.48KSharesUpdated Sep 28, 2026Diluted EPS (TTM)
-2.12USDUpdated Sep 28, 2026Other Income / Expense
262.53MUSDFY2025 · Dec 31, 2025Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Operating margin is -19.5%, lower than 95% of its Entertainment peers (median 10.6%)Significant
Operating margin: -0.20Industry median: 0.11Industry P5: -0.19Peers compared: 26.00
Structural Tensions
Revenue is growing, but receivables have grown faster over the last six to eight yearsSignificant
Revenue Growth YoY: 0.11Receivables vs revenue divergence: 2.15
High gross margins eroded by operating costsNotable
Gross Margin: 0.52Profit Margin: -0.06
Financial Health
Altman Z-Score 1.89: grey zoneSignificant
Altman Z-Score: 1.89
Supply Chain
Midstream position: 5 outgoing, 5 incoming connectionsNotable
Outgoing: 5.00Incoming: 5.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
Scale
Market cap is $5.07B, above the global median of $1.15BNotable
Market cap (USD): 5,068,487,355Global Median: 1,150,342,212.262
Revenue is $1.36B, above the global median of $559.35MNotable
Revenue (USD): 1,356,845,056Global Median: 559,350,010.583
Levered free cash flow is $442.72M, above the global median of $18.98MNotable
Levered free cash flow (USD): 442,722,880Global Median: 18,979,762.15
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