Saturday 17 October 2026 Export SPHR’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 11.0%, EPS fell 125.6%, free cash flow fell 92.9% and total debt fell 12.3%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

103.53 5.32 −4.89%

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Market cap: $3.9B
P/E: 0.0×
Fwd P/E: −52.3×
Dividend yield: —
F-score: n/a
Altman Z: 1.11
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 24.98%

Capital & Financial Ratios $m

Market Cap 3,910.00

Revenue 1,356.85

Net Income (70.32)

Free Cash Flow 359.07

Net Debt 232.62

Current Ratio 1.22

Debt/Equity 0.35

P/E ratio 0.00

Fwd P/E (52.30)

P/S ratio 2.76

P/B ratio 1.68

Past 5Y EPS Growth —

This Y EPS Growth (448.05%)

Next Y EPS Growth 3.92%

Next Y revenue growth 10.98%

Next 5Y EPS Growth (1.47%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 78.30%

10-year low 10-year high

P/B against its own 10 years 89.69%

10-year low 10-year high

EV/Sales against its own 10 years 63.07%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	429	573	521	552
Receivables	139	238	196	165
Inventory	—	—	—	—
Other	—	—	—	—
	624	866	810	784

	2023	2024	2025	Q'26
Payables	516	417	25	14
ST’ Debt	139	858	77	62
Other	—	—	—	—
	692	1,374	743	640

Compound Annual Growth %

	10y	5y	3y
Sales	—	(3.21%)	25.99%
Cash Flow	9.71%	(4.61%)	19.85%
Earnings	17.09%	(28.74%)	0.00%
Book Value	0.00%	0.48%	(4.74%)

Revenue $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	386	314	—
’25	228	394	281	283	1,220
’24	118	314	321	273	1,027
’23	123	160	162	129	574
’22	295	516	353	(553)	610
’21	171	169	214	94	648
’20	178	394	182	9	1,436

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	136	(34)	—
’25	34	180	6	(59)	243
’24	(95)	46	101	(72)	(20)
’23	(81)	136	138	16	154
’22	7	126	106	35	141
’21	(191)	(7)	(114)	55	(59)
’20	—	—	134	(38)	308

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	131	(48)	—
’25	16	165	(11)	(25)	240
’24	(285)	(19)	82	(87)	(309)
’23	(372)	(155)	(686)	(17)	(703)
’22	(140)	(61)	(442)	(221)	(664)
’21	147	(123)	(460)	(90)	(550)
’20	—	—	(192)	(164)	(149)

Fiscal quarters ending in the months shown.

EPS $

	Sep	Dec	Mar	Jun	Year
’26	—	—	(0.04)	(1.07)	—
’25	(2.95)	1.23	(2.27)	3.39	0.74
’24	1.89	(4.91)	(1.33)	(1.31)	(5.68)
’23	(1.30)	1.95	(1.64)	15.24	14.48
’22	(2.55)	0.07	(0.51)	(3.00)	(5.55)
’21	(1.18)	(1.77)	(3.66)	(4.87)	(4.89)
’20	(2.36)	3.39	(5.36)	5.26	4.29

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	27.10	27.83	18.00	19.91	29.70	23.89	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	49.25	56.08	39.06	43.93	51.83	97.20
People
People	Employees	—	—	—	11,300	7,600	5,800	10,900	1,100	3,100	3,300
	Revenue/emp, $m	—	0.00	0.00	0.09	0.19	0.11	0.06	0.52	0.33	0.37
Income, $m
Income, $m	Revenue	—	989	989	1,049	1,436	648	610	574	1,027	1,220
	Gross margin, %	—	35.77	35.77	36.06	44.95	59.40	47.50	40.36	46.65	51.64
	EBT	—	(29)	(424)	(410)	252	44	(168)	275	(360)	57
	EBT margin, %	—	(2.93)	0.00	0.00	17.51	6.72	(27.49)	48.00	(35.08)	4.69
	Net income	—	0	0	0	150	(167)	(190)	506	0	33
	Depreciation	—	98	112	54	115	128	133	108	280	374
Per share, $
Per share, $	Revenue	—	0.00	41.22	43.72	41.19	19.00	17.81	16.56	29.09	33.83
	Earnings	—	(4.52)	0.08	(0.85)	4.30	(4.89)	(5.55)	14.59	(5.68)	0.93
	Cash flow	—	4.01	0.00	0.00	8.84	(1.72)	4.13	4.43	(0.56)	6.75
	Capex	—	0.00	0.00	0.00	(13.12)	(14.41)	(23.51)	(24.73)	(8.21)	(0.10)
	Free cash flow	—	4.01	0.00	0.00	(4.28)	(16.13)	(19.38)	(20.30)	(8.76)	6.65
	Book value	—	0.00	0.00	0.00	82.27	63.98	57.67	74.57	0.00	61.92
	Shares, m	—	24	24	24	35	34	34	35	35	36
Valuation, ×
Valuation, ×	P/E	—	0.00	0.00	0.00	36.76	0.00	0.00	1.90	0.00	130.25
	P/S	—	0.00	0.00	0.00	1.09	2.04	1.36	1.65	1.20	2.81
	P/B	—	0.35	0.35	0.35	0.29	0.61	0.42	0.37	0.51	1.54
	EV/Sales	—	0.00	0.00	0.00	(0.49)	2.33	2.74	3.10	1.99	3.08
	EV/FCF	—	0.31	0.31	0.31	1.02	(2.87)	(1.93)	(1.45)	(6.59)	15.65
Cash, $m
Cash, $m	Operating cash flow	—	96	142	78	308	(59)	141	154	(20)	243
	Capex	—	(42)	(187)	(208)	(457)	(491)	(805)	(857)	(290)	(4)
	Free cash flow	—	96	(45)	(130)	(149)	(550)	(664)	(703)	(309)	240
Balance, $m
Balance, $m	Working capital	—	—	873	80	917	1,143	258	(68)	(611)	67
	Total debt	—	—	49	74	52	1,728	996	1,257	1,363	845
	Net debt	—	—	(1,152)	(1,127)	(1,210)	188	235	828	847	323
	Shareholders’ equity	—	—	2,586	142	2,868	2,180	1,975	2,584	2,201	2,233
Returns, %
Returns, %	ROA	—	0.00	(0.50)	10.70	9.53	(3.28)	(3.60)	9.58	0.00	0.77
	ROIC	—	0.00	(18.47)	(180.22)	8.86	1.70	(4.69)	(5.00)	0.00	(5.61)
	ROE	—	0.00	0.00	13.32	12.07	(5.87)	(9.36)	22.06	0.00	1.51

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CNK Cinemark Holdings Inc	$4.5B	20.7×	14.7×	+15.51% (above 0%: growing)	+46.34% (above 0%: growing)	+21.34% (above 0%: growing)	42.97%	21.45%	Compare
VSNT Versant Media Group, Inc.	$4.3B	3.9×	9.8×	—	—	−23.41% (below 0%: shrinking)	60.46%	22.32%	Compare
SPHR Sphere Entertainment Co.	$3.9B	— (loss-making)	— (loss-making)	+10.95% (above 0%: growing)	n/m	−92.89% (below 0%: shrinking)	51.84%	(19.53%)
MSGE Madison Square Garden Entertainment Corp.	$3.8B	55.5×	31.2×	+27.37% (above 0%: growing)	n/m	+33.34% (above 0%: growing)	38.63%	(4.40%)	Compare
MANU Manchester United Ltd.	$3.6B	— (loss-making)	75.1×	−3.71% (below 0%: shrinking)	n/m	+47.29% (above 0%: growing)	100.00%	(9.47%)	Compare
BATRK Atlanta Braves Holdings, Inc.	$3.2B	— (loss-making)	— (loss-making)	+8.59% (above 0%: growing)	n/m	−417.66% (below 0%: shrinking)	18.43%	0.00%	Compare
BATRA Atlanta Braves Holdings, Inc.	$3.2B	— (loss-making)	—	−2.34% (below 0%: shrinking)	n/m	−185.33% (below 0%: shrinking)	15.90%	(6.08%)	Compare
IMAX IMAX Corporation	$2.8B	67.8×	30.7×	+12.17% (above 0%: growing)	+33.33% (above 0%: growing)	+63.43% (above 0%: growing)	61.16%	20.20%	Compare
AMC AMC Entertainment Holdings, Inc.	$2.7B	— (loss-making)	— (loss-making)	+14.22% (above 0%: growing)	n/m	+113.27% (above 0%: growing)	65.68%	14.91%	Compare
Median of peers	$3.4B	38.1×	30.7×	+12.17%	—	+27.34%	51.72%	7.46%

All 53 Entertainment stocks →

Sphere Entertainment Co. (SPHR) key facts

Strength: Sphere Entertainment Co.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 18.8% from fiscal 2024.
Sphere Entertainment Co. (SPHR) is an Entertainment company in the Communication Services sector, listed on the New York Stock Exchange.
As of October 16, 2026, SPHR traded at $103.53, a market capitalization of $3.9 billion.
Return on equity was 1.51% and debt-to-equity 0.35.
Its Altman Z-score is 1.11 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.