Sphere Entertainment Co.

SPHR Communication Services Entertainment

Sphere Entertainment Co.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 18.8% from fiscal 2024.

Revenue
+11.0%
EPS
−125.6%
Free cash flow
−92.9%
Total debt
−12.3%

Quarter to June 2026, against a year earlier

108.82 3.77 +3.59%
Market cap
$3.9B
P/E
0.0×
Fwd P/E
−41.1×
Dividend yield
—
F-score
n/a
Altman Z
1.11
Beneish M
n/a
Dividend safety
n/a

Sphere Entertainment Co. (SPHR) Return on invested capital

Alert me on Return on invested capital

Sphere Entertainment Co.'s return on invested capital over the twelve months to 30 June 2026 was −3.93%, up 1.7 percentage points from fiscal 2025 (−5.61%). Over the past ten years it has ranged from −18.5% (fiscal 2018) to 8.86% (fiscal 2020); the current reading is higher than 25% of that period. That is below the Entertainment industry median of 0.55% and below the Communication Services sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 −5.61% (5.61)
FY2024 0.00% 6.62
FY2024 −6.62% (1.62)
FY2023 −5.00% (0.31)
FY2022 −4.69% (6.39)
FY2021 1.70% (7.16)
FY2020 8.86% 8.86
FY2019 0.00% 1.95
FY2019 −1.95% 16.52
FY2018 −18.5% (18.47)

Against its own ten years

Low −18.5% High 8.86%
Ten-year median −0.98%
Current reading's percentile 25

Return on invested capital against peers

Company Return on invested capital
MSGE Madison Square Garden Entertainment Corp. compare 27.4%
LION Lionsgate Studios Corp. compare 27.2%
CNK Cinemark Holdings Inc compare 13.9%
AMC AMC Entertainment Holdings, Inc. compare 8.78%
MANU Manchester United Ltd. compare 1.83%
VSNT Versant Media Group, Inc. compare 0.00%
BATRK Atlanta Braves Holdings, Inc. compare 0.00%
BATRA Atlanta Braves Holdings, Inc. compare −3.57%
SPHR Sphere Entertainment Co. −3.93%
Entertainment industry median 0.55%
Communication Services sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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