Live Nation Entertainment, Inc. (LYV) vs TKO Group Holdings, Inc. (TKO)

Live Nation Entertainment, Inc. and TKO Group Holdings, Inc. are both Entertainment companies. Live Nation Entertainment, Inc. is the larger, with a market value of $40.3B against $35.0B — 1.2× the size. Live Nation Entertainment, Inc. has negative trailing earnings, so its P/E is not meaningful; TKO Group Holdings, Inc. trades at 61.1×. Live Nation Entertainment, Inc. grew revenue faster over the last twelve months: 10.8% against 5.07%. TKO Group Holdings, Inc. has the higher net margin (4.33% vs −1.58%) and the lower return on invested capital (5.35% vs 56.6%). Across the 21 metrics below, TKO Group Holdings, Inc. leads on 15 and Live Nation Entertainment, Inc. on 6.

Valuation

Metric LYV TKO Entertainment median
P/E n/m 61.09 22.03
P/S 1.52 2.58 1.47
P/B 52.73 1.64 2.00
Price to free cash flow 28.54 8.17 16.60
EV/EBITDA 24.92 10.90 9.65
EV/Sales 1.52 3.20 1.76
Earnings yield (0.65%) 1.64% (0.67%)
Free cash flow yield 3.50% 12.24% 3.26%

Profitability

Metric LYV TKO Entertainment median
Gross margin 25.78% 59.46% 45.02%
Operating margin 3.05% 18.82% 2.30%
Net margin (1.58%) 4.33% 0.00%
Free cash flow margin 5.34% 31.55% 1.56%
Return on equity (49.43%) 2.46% 0.00%
Return on assets (1.62%) 1.45% 0.00%
Return on invested capital 56.58% 5.35% 0.00%

Growth

Metric LYV TKO Entertainment median
Revenue growth (TTM) 10.75% 5.07% 5.07%
EPS growth (last fiscal year) (108.76%) 11,200.00% —
Revenue growth, 5-year CAGR 68.39% 37.19% 10.25%
Net income growth, 5-year CAGR 0.00% 8.20% 0.00%

Health

Metric LYV TKO Entertainment median
Debt to equity 12.18 0.58 0.46
Current ratio 0.85 1.28 0.86
Net debt to EBITDA 0.55 2.07 0.72

Dividend

Metric LYV TKO Entertainment median
Dividend yield — 0.28% 1.16%
Payout ratio 0.00 0.23 0.00

Size

Metric LYV TKO Entertainment median
Market cap 40.31b 35.03b 1.87b

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