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Stock Comparison

TKO vs MSGE vs LYV vs WBD

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
TKO
TKO Group Holdings, Inc.

Entertainment

Communication ServicesNYSE • US
Market Cap$36.50B
5Y Perf.+305.3%
MSGE
Madison Square Garden Entertainment Corp.

Entertainment

Communication ServicesNYSE • US
Market Cap$3.15B
5Y Perf.-15.8%
LYV
Live Nation Entertainment, Inc.

Entertainment

Communication ServicesNYSE • US
Market Cap$38.65B
5Y Perf.+238.3%
WBD
Warner Bros. Discovery, Inc.

Entertainment

Communication ServicesNASDAQ • US
Market Cap$67.98B
5Y Perf.+24.7%

TKO vs MSGE vs LYV vs WBD — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
TKO logoTKO
MSGE logoMSGE
LYV logoLYV
WBD logoWBD
IndustryEntertainmentEntertainmentEntertainmentEntertainment
Market Cap$36.50B$3.15B$38.65B$67.98B
Revenue (TTM)$5.06B$1.16B$25.61B$37.21B
Net Income (TTM)$385M$42M$84M$-2.15B
Gross Margin34.5%31.5%40.3%41.5%
Operating Margin20.0%10.1%3.4%-4.0%
Forward P/E38.1x56.8x115.8x93.5x
Total Debt$4.06B$1.20B$12.44B$32.57B
Cash & Equiv.$831M$43M$7.11B$4.57B

TKO vs MSGE vs LYV vs WBDLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

TKO
MSGE
LYV
WBD
StockMay 20May 26Return
TKO Group Holdings,… (TKO)100405.3+305.3%
Madison Square Gard… (MSGE)10084.2-15.8%
Live Nation Enterta… (LYV)100338.3+238.3%
Warner Bros. Discov… (WBD)100124.7+24.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: TKO vs MSGE vs LYV vs WBD

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: TKO leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Warner Bros. Discovery, Inc. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
TKO
TKO Group Holdings, Inc.
The Income Pick

TKO carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.64, yield 1.8%
  • Rev growth 68.9%, EPS growth 40.3%, 3Y rev CAGR 60.7%
  • 10.6% 10Y total return vs LYV's 6.2%
  • Lower volatility, beta 0.64, Low D/E 43.9%, current ratio 1.26x
Best for: income & stability and growth exposure
MSGE
Madison Square Garden Entertainment Corp.
The Specific-Use Pick

MSGE plays a supporting role in this comparison — it may shine differently against other peers.

Best for: communication services exposure
LYV
Live Nation Entertainment, Inc.
The Secondary Option

LYV lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: communication services exposure
WBD
Warner Bros. Discovery, Inc.
The Momentum Pick

WBD is the #2 pick in this set and the best alternative if momentum is your priority.

  • +216.8% vs TKO's +12.1%
Best for: momentum
See the full category breakdown
CategoryWinnerWhy
GrowthTKO logoTKO68.9% revenue growth vs WBD's -5.1%
ValueTKO logoTKOLower P/E (38.1x vs 115.8x)
Quality / MarginsTKO logoTKO7.6% margin vs WBD's -5.8%
Stability / SafetyTKO logoTKOBeta 0.64 vs MSGE's 0.94
DividendsTKO logoTKO1.8% yield; 1-year raise streak; the other 3 pay no meaningful dividend
Momentum (1Y)WBD logoWBD+216.8% vs TKO's +12.1%
Efficiency (ROA)TKO logoTKO2.5% ROA vs WBD's -2.2%, ROIC 6.1% vs 1.5%

TKO vs MSGE vs LYV vs WBD — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

TKOTKO Group Holdings, Inc.

Segment breakdown not available.

MSGEMadison Square Garden Entertainment Corp.
FY 2025
Entertainment
45.2%$712M
Ticketing And Venue License Fee Revenues
28.8%$453M
Sponsorship and Signage, Suite And Advertising Commission Revenues
16.0%$253M
Food, Beverage And Merchandise Revenues
9.6%$151M
Product and Service, Other
0.4%$6M
LYVLive Nation Entertainment, Inc.
FY 2025
Concerts
63.3%$3.3B
Sponsorship and Advertising
32.7%$1.7B
Ticketing
4.0%$205M
WBDWarner Bros. Discovery, Inc.
FY 2024
Distribution Revenue
50.1%$19.7B
Content Licensing Contracts
26.2%$10.3B
Advertising
20.6%$8.1B
Service, Other
3.1%$1.2B

TKO vs MSGE vs LYV vs WBD — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLTKOLAGGINGLYV

Income & Cash Flow (Last 12 Months)

TKO leads this category, winning 4 of 6 comparable metrics.

WBD is the larger business by revenue, generating $37.2B annually — 32.1x MSGE's $1.2B. TKO is the more profitable business, keeping 7.6% of every revenue dollar as net income compared to WBD's -5.8%. On growth, MSGE holds the edge at +59.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricTKO logoTKOTKO Group Holding…MSGE logoMSGEMadison Square Ga…LYV logoLYVLive Nation Enter…WBD logoWBDWarner Bros. Disc…
RevenueTrailing 12 months$5.1B$1.2B$25.6B$37.2B
EBITDAEarnings before interest/tax$1.5B$245M$1.6B$7.5B
Net IncomeAfter-tax profit$385M$42M$84M-$2.2B
Free Cash FlowCash after capex$1.8B$289M$1.2B$2.3B
Gross MarginGross profit ÷ Revenue+34.5%+31.5%+40.3%+41.5%
Operating MarginEBIT ÷ Revenue+20.0%+10.1%+3.4%-4.0%
Net MarginNet income ÷ Revenue+7.6%+3.6%+0.3%-5.8%
FCF MarginFCF ÷ Revenue+35.0%+25.0%+4.8%+6.2%
Rev. Growth (YoY)Latest quarter vs prior year+25.9%+59.4%+12.1%-1.0%
EPS Growth (YoY)Latest quarter vs prior year+62.3%-123.5%-4.8%-5.5%
TKO leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

WBD leads this category, winning 3 of 6 comparable metrics.

At 83.0x trailing earnings, TKO trades at a 11% valuation discount to WBD's 93.5x P/E. On an enterprise value basis, WBD's 13.7x EV/EBITDA is more attractive than TKO's 27.5x.

MetricTKO logoTKOTKO Group Holding…MSGE logoMSGEMadison Square Ga…LYV logoLYVLive Nation Enter…WBD logoWBDWarner Bros. Disc…
Market CapShares × price$36.5B$3.2B$38.6B$68.0B
Enterprise ValueMkt cap + debt − cash$39.7B$4.3B$44.0B$96.0B
Trailing P/EPrice ÷ TTM EPS82.98x86.64x-692.98x93.52x
Forward P/EPrice ÷ next-FY EPS est.38.12x56.83x115.80x
PEG RatioP/E ÷ EPS growth rate69.62x
EV / EBITDAEnterprise value multiple27.47x23.97x19.89x13.73x
Price / SalesMarket cap ÷ Revenue7.71x3.35x1.53x1.82x
Price / BookPrice ÷ Book value/share3.93x21.20x1.85x
Price / FCFMarket cap ÷ FCF31.50x33.88x115.84x22.02x
WBD leads this category, winning 3 of 6 comparable metrics.

Profitability & Efficiency

MSGE leads this category, winning 4 of 9 comparable metrics.

MSGE delivers a 7.7% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-6 for WBD. TKO carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to LYV's 6.84x. On the Piotroski fundamental quality scale (0–9), MSGE scores 6/9 vs LYV's 5/9, reflecting solid financial health.

MetricTKO logoTKOTKO Group Holding…MSGE logoMSGEMadison Square Ga…LYV logoLYVLive Nation Enter…WBD logoWBDWarner Bros. Disc…
ROE (TTM)Return on equity+4.1%+7.7%+4.4%-5.9%
ROA (TTM)Return on assets+2.5%+1.8%+0.4%-2.2%
ROICReturn on invested capital+6.1%+8.5%+19.7%+1.5%
ROCEReturn on capital employed+7.5%+11.0%+13.4%+1.5%
Piotroski ScoreFundamental quality 0–95656
Debt / EquityFinancial leverage0.44x6.84x0.88x
Net DebtTotal debt minus cash$3.2B$1.2B$5.3B$28.0B
Cash & Equiv.Liquid assets$831M$43M$7.1B$4.6B
Total DebtShort + long-term debt$4.1B$1.2B$12.4B$32.6B
Interest CoverageEBIT ÷ Interest expense6.00x4.43x3.68x3.56x
MSGE leads this category, winning 4 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — TKO and LYV each lead in 2 of 6 comparable metrics.

A $10,000 investment in TKO five years ago would be worth $35,640 today (with dividends reinvested), compared to $7,220 for WBD. Over the past 12 months, WBD leads with a +216.8% total return vs TKO's +12.1%. The 3-year compound annual growth rate (CAGR) favors LYV at 28.8% vs TKO's 22.3% — a key indicator of consistent wealth creation.

MetricTKO logoTKOTKO Group Holding…MSGE logoMSGEMadison Square Ga…LYV logoLYVLive Nation Enter…WBD logoWBDWarner Bros. Disc…
YTD ReturnYear-to-date-9.0%+22.8%+14.5%-4.9%
1-Year ReturnPast 12 months+12.1%+83.6%+24.0%+216.8%
3-Year ReturnCumulative with dividends+83.0%+94.8%+113.7%+101.5%
5-Year ReturnCumulative with dividends+256.4%-26.2%+108.0%-27.8%
10-Year ReturnCumulative with dividends+1060.3%-24.6%+622.5%-3.7%
CAGR (3Y)Annualised 3-year return+22.3%+24.9%+28.8%+26.3%
Evenly matched — TKO and LYV each lead in 2 of 6 comparable metrics.

Risk & Volatility

Evenly matched — TKO and MSGE each lead in 1 of 2 comparable metrics.

TKO is the less volatile stock with a 0.64 beta — it tends to amplify market swings less than MSGE's 0.94 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MSGE currently trades 95.5% from its 52-week high vs TKO's 82.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricTKO logoTKOTKO Group Holding…MSGE logoMSGEMadison Square Ga…LYV logoLYVLive Nation Enter…WBD logoWBDWarner Bros. Disc…
Beta (5Y)Sensitivity to S&P 5000.64x0.94x0.80x0.90x
52-Week HighHighest price in past year$226.94$69.86$175.25$30.00
52-Week LowLowest price in past year$152.29$35.31$125.34$8.06
% of 52W HighCurrent price vs 52-week peak+82.6%+95.5%+94.9%+90.4%
RSI (14)Momentum oscillator 0–10050.567.663.648.9
Avg Volume (50D)Average daily shares traded1.3M312K2.8M22.2M
Evenly matched — TKO and MSGE each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: TKO as "Buy", MSGE as "Buy", LYV as "Buy", WBD as "Hold". Consensus price targets imply 26.2% upside for TKO (target: $237) vs -0.6% for MSGE (target: $66). TKO is the only dividend payer here at 1.76% yield — a key consideration for income-focused portfolios.

MetricTKO logoTKOTKO Group Holding…MSGE logoMSGEMadison Square Ga…LYV logoLYVLive Nation Enter…WBD logoWBDWarner Bros. Disc…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyHold
Price TargetConsensus 12-month target$236.67$66.29$181.00$29.94
# AnalystsCovering analysts19124432
Dividend YieldAnnual dividend ÷ price+1.8%
Dividend StreakConsecutive years of raises111
Dividend / ShareAnnual DPS$3.30
Buyback YieldShare repurchases ÷ mkt cap+2.4%+1.3%+0.1%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

TKO leads in 1 of 6 categories (Income & Cash Flow). WBD leads in 1 (Valuation Metrics). 2 tied.

Best OverallTKO Group Holdings, Inc. (TKO)Leads 1 of 6 categories
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TKO vs MSGE vs LYV vs WBD: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is TKO or MSGE or LYV or WBD a better buy right now?

For growth investors, TKO Group Holdings, Inc.

(TKO) is the stronger pick with 68. 9% revenue growth year-over-year, versus -5. 1% for Warner Bros. Discovery, Inc. (WBD). TKO Group Holdings, Inc. (TKO) offers the better valuation at 83. 0x trailing P/E (38. 1x forward), making it the more compelling value choice. Analysts rate TKO Group Holdings, Inc. (TKO) a "Buy" — based on 19 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — TKO or MSGE or LYV or WBD?

On trailing P/E, TKO Group Holdings, Inc.

(TKO) is the cheapest at 83. 0x versus Warner Bros. Discovery, Inc. at 93. 5x. On forward P/E, TKO Group Holdings, Inc. is actually cheaper at 38. 1x.

03

Which is the better long-term investment — TKO or MSGE or LYV or WBD?

Over the past 5 years, TKO Group Holdings, Inc.

(TKO) delivered a total return of +256. 4%, compared to -27. 8% for Warner Bros. Discovery, Inc. (WBD). Over 10 years, the gap is even starker: TKO returned +1060% versus MSGE's -24. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — TKO or MSGE or LYV or WBD?

By beta (market sensitivity over 5 years), TKO Group Holdings, Inc.

(TKO) is the lower-risk stock at 0. 64β versus Madison Square Garden Entertainment Corp. 's 0. 94β — meaning MSGE is approximately 47% more volatile than TKO relative to the S&P 500. On balance sheet safety, TKO Group Holdings, Inc. (TKO) carries a lower debt/equity ratio of 44% versus 7% for Live Nation Entertainment, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — TKO or MSGE or LYV or WBD?

By revenue growth (latest reported year), TKO Group Holdings, Inc.

(TKO) is pulling ahead at 68. 9% versus -5. 1% for Warner Bros. Discovery, Inc. (WBD). On earnings-per-share growth, the picture is similar: TKO Group Holdings, Inc. grew EPS 40. 3% year-over-year, compared to -108. 8% for Live Nation Entertainment, Inc.. Over a 3-year CAGR, TKO leads at 60. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — TKO or MSGE or LYV or WBD?

TKO Group Holdings, Inc.

(TKO) is the more profitable company, earning 4. 1% net margin versus 1. 9% for Warner Bros. Discovery, Inc. — meaning it keeps 4. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TKO leads at 20. 3% versus 3. 5% for WBD. At the gross margin level — before operating expenses — TKO leads at 49. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is TKO or MSGE or LYV or WBD more undervalued right now?

On forward earnings alone, TKO Group Holdings, Inc.

(TKO) trades at 38. 1x forward P/E versus 115. 8x for Live Nation Entertainment, Inc. — 77. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TKO: 26. 2% to $236. 67.

08

Which pays a better dividend — TKO or MSGE or LYV or WBD?

In this comparison, TKO (1.

8% yield) pays a dividend. MSGE, LYV, WBD do not pay a meaningful dividend and should not be held primarily for income.

09

Is TKO or MSGE or LYV or WBD better for a retirement portfolio?

For long-horizon retirement investors, TKO Group Holdings, Inc.

(TKO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 64), 1. 8% yield, +1060% 10Y return). Both have compounded well over 10 years (TKO: +1060%, MSGE: -24. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between TKO and MSGE and LYV and WBD?

Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: TKO is a mid-cap high-growth stock; MSGE is a small-cap quality compounder stock; LYV is a mid-cap quality compounder stock; WBD is a mid-cap quality compounder stock. TKO pays a dividend while MSGE, LYV, WBD do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.

Stocks Like

TKO

High-Growth Disruptor

  • Sector: Communication Services
  • Market Cap > $100B
  • Revenue Growth > 12%
  • Net Margin > 5%
Run This Screen
Stocks Like

MSGE

High-Growth Disruptor

  • Sector: Communication Services
  • Market Cap > $100B
  • Revenue Growth > 29%
  • Gross Margin > 18%
Run This Screen
Stocks Like

LYV

Quality Business

  • Sector: Communication Services
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Gross Margin > 24%
Run This Screen
Stocks Like

WBD

Quality Business

  • Sector: Communication Services
  • Market Cap > $100B
  • Gross Margin > 24%
Run This Screen
Custom Screen

Beat Both

Find stocks that outperform TKO and MSGE and LYV and WBD on the metrics below

Revenue Growth>
%
(TKO: 25.9% · MSGE: 59.4%)
Net Margin>
%
(TKO: 7.6% · MSGE: 3.6%)
P/E Ratio<
x
(TKO: 83.0x · MSGE: 86.6x)

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