stockrowTKO Group Holdings, Inc.
TKOCommunication Services Entertainment
TKO Group Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, down 3.05% from fiscal 2024.
- Revenue
- +21.5%
- EPS
- +660.1%
- Free cash flow
- +12.8%
- Total debt
- +22.7%
Quarter to September 2026, against a year earlier
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TKO Group Holdings, Inc. (TKO) Altman Z-score
TKO Group Holdings, Inc.'s Altman Z-score for fiscal 2025 is 2.06, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.06 | 0.36 |
| FY2024 | 1.70 | 0.31 |
| FY2023 | 1.39 | (2.49) |
| FY2020 | 3.88 | (1.60) |
| FY2019 | 5.48 | (5.43) |
| FY2018 | 10.92 | 5.21 |
| FY2017 | 5.70 | 1.82 |
| FY2016 | 3.89 | (1.67) |
| FY2015 | 5.56 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.03 | — | 0.04 | |
| Retained earnings / total assets | (0.05) | — | −0.07 | |
| EBIT / total assets | 0.05 | — | 0.18 | |
| Market value of equity / total liabilities | 2.69 | — | 1.61 | |
| Sales / total assets | 0.31 | — | 0.31 | |
| Altman Z-score | Grey zone | 2.06 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.94 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| FOXA Fox Corporation compare | 3.1× |
| FOX Fox Corporation compare | 3.0× |
| NWS News Corporation compare | 2.4× |
| LYV Live Nation Entertainment, Inc. compare | 2.1× |
| TKO TKO Group Holdings, Inc. | 2.1× |
| WMG Warner Music Group Corp. compare | 1.7× |
| SKYD Skydance Corporation compare | 1.0× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | — |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on TKO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement