Sphere Entertainment
SPHR NYSE· Movies & Entertainment
Last close · Oct 26, 2026
$110.44
KIRA · Stoqly’s AI analyst, in plain words
- Sphere Entertainment had $1.2B of revenue in fiscal 2025, up 18.8% on the year before. Over five years, revenue changed −3.2% a year on average.
- Its operating margin was −18.8%, up 14.4 pts: of every 100 in sales, about −19 is left after running the business.
- Sphere Entertainment made $33.4M of net profit in fiscal 2025. From fiscal 2018 to 2025, diluted EPS grew 14.3% a year.
- Sphere Entertainment returned $50.0M to shareholders in fiscal 2025. The diluted share count rose 28.3%.
- Sphere Entertainment owes $171M more than it holds in cash, about 1.6 years of operating profit.
Market cap
$4.0B
P/E
—
Revenue
$1.2B
Net income
$33.4M
Free cash flow
—
Operating margin
−18.8%
Sphere Entertainment in 30 seconds · fiscal 2025
Are sales growing?
+18.8%
Yes. Sales grew 18.8% last year.
Does it make a profit?
2.7%
A little. It keeps 2.7% of every sale as profit.
Is debt under control?
1.6x
Keep an eye on it. Repaying its debt would take 1.6 years of operating profit.
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
What Sphere Entertainment does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- SPHERE ENTERTAINMENT CO.
- CIK
- 0001795250
Sphere Entertainment · SPHR
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $648M | $610M | $574M | $1.0B | $1.2B |
| Revenue growth | −54.9% | −5.8% | −5.9% | 79.0% | 18.8% |
| Operating margin | −29.1% | −27.2% | −47.6% | −33.2% | −18.8% |
| Net income | −$148M | −$194M | $503M | −$201M | $33.4M |
| Net margin | −22.9% | −31.9% | 87.6% | −19.5% | 2.7% |
| Diluted EPS | −$4.59 | −$5.77 | $14.40 | −$5.68 | $0.74 |
| Cash | |||||
| Cash from operations | −$58.7M | $141M | $154M | −$19.7M | $243M |
| Capital expenditure | $456M | $757M | — | — | — |
| Free cash flow | −$515M | −$615M | — | — | — |
| FCF margin | −79.5% | −100.9% | — | — | — |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $50.0M |
| Share count change | −2.0% | 0.0% | 2.0% | 1.1% | 28.3% |
| Debt and strength | |||||
| Cash and short-term investments | $1.5B | $747M | $132M | $573M | $521M |
| Debt incl. finance leases | $1.7B | $996M | $1.2B | $1.4B | $693M |
| Shareholders' equity | $2.2B | $2.0B | $2.6B | $2.4B | $2.2B |
| Net debt / EBITDA | — | — | — | — | 1.6x |
| Current ratio | 2.6x | 1.3x | 0.9x | 0.6x | 1.1x |
| Interest coverage | −9.2x | −6.1x | — | −4.3x | — |
| Returns and quality | |||||
| Return on capital | −8.6% | −5.7% | −5.8% | −7.8% | −4.8% |
| Return on equity | −5.9% | −9.4% | 22.1% | −8.0% | 1.4% |
| Piotroski F-score | 2 | 4 | 3 | 2 | 7 |
| Altman Z'' | 1.9 | 0.6 | 0.8 | −0.1 | 0.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Sphere Entertainment · SPHR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Sphere Entertainment SPHR | $4.0B | 18.8% | −18.8% | — | −4.8% | — | 7 |
| Madison Square Garden Sports MSGS | $9.3B | 11.0% | 2.5% | 5.3% | — | — | 7 |
| Lionsgate Studios LION | $3.5B | 1.8% | 3.7% | 0.4% | 8.3% | — | 5 |
| IMAX IMAX | $2.9B | 16.5% | 20.5% | 29.0% | — | 72.3x | — |
| TKO Group TKO | $13.0B | −3.1% | 17.6% | — | 5.9% | — | 5 |
KIRA
At $110.44 a share, the company is worth $4.0B.
Sphere Entertainment grew sales faster than 4 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001795250). Data updated October 19, 2026. For information only — not investment advice. Check the original filings before relying on any figure.