Lionsgate Studios

LION · Movies & Entertainment

$12.49

1.7%

TKO Group

TKO · Movies & Entertainment

$173.07

2.6%

The short version

TKO Group is the larger business, with $4.7B of revenue in fiscal 2025 against $2.6B for Lionsgate Studios, about 1.8 times as much.
Lionsgate Studios grew revenue faster (1.8%, against −3.1%).
TKO Group kept more of each dollar of sales as operating profit (17.6% operating margin, against 3.7% operating margin).
Lionsgate Studios earned a higher return on the capital invested in it (8.3%, against 5.9%).

Latest fiscal year	LION · FY26	TKO · FY25
Size
Market cap	$3.6B	$13.1B
Revenue	$2.6B	$4.7B
Free cash flow	$11.4M	—
Net income	−$198M	$195M
Growth
Revenue growth	1.8%	−3.1%
5-year growth	—	—
Share count change	14.7%	12.9%
Profitability
Gross margin	—	—
Operating margin	3.7%	17.6%
Net margin	−7.5%	4.1%
FCF margin	0.4%	—
Return on capital	8.3%	5.9%
Return on equity	—	5.0%
Balance sheet
Net debt	$1.6B	$3.2B
Net debt / EBITDA	13.9x	2.4x
Dividends and buybacks	$0.0M	$1.1B
Valuation & quality
P/E	—	—
Piotroski F-score	5	5

Revenue

FY21

LION —

TKO $1.0B

FY22

LION —

TKO $1.1B

FY23

LION —

TKO $3.2B

FY24

LION $2.5B

TKO $4.9B

FY25

LION $2.6B

TKO $4.7B

FY26

LION $2.6B

TKO —

LION TKO

Operating margin

FY21

LION —

TKO 37.9%

FY22

LION —

TKO 47.8%

FY23

LION —

TKO 11.7%

FY24

LION −0.6%

TKO 0.6%

FY25

LION −0.7%

TKO 17.6%

FY26

LION 3.7%

TKO —

LION TKO

Free cash flow

FY21

LION —

TKO —

FY22

LION —

TKO —

FY23

LION —

TKO —

FY24

LION $387M

TKO —

FY25

LION −$180M

TKO —

FY26

LION $11.4M

TKO —

LION TKO

Return on capital

FY21

LION —

TKO —

FY22

LION —

TKO —

FY23

LION —

TKO 3.4%

FY24

LION —

TKO 0.2%

FY25

LION −1.1%

TKO 5.9%

FY26

LION 8.3%

TKO —

LION TKO

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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.