TKO Group Holdings, Inc. (TKO) 10-Year Financial Performance & Capital Metrics

TKO • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsSports Franchises & Leagues

AboutTKO Group Holdings, Inc. operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets. The company engages in the corporate sponsorships and advertising business, which offers sale of in-venue and in-broadcast advertising assets, content product integration, and digital impressions. TKO Group Holdings, Inc. is based in New York, New York. TKO Group Holdings, Inc. is a subsidiary of Endeavor Group Holdings, Inc.Show more

Revenue $2.8B +67.4%
EBITDA $1.17B +55.5%
Net Income $9M +126.7%
EPS (Diluted) 0.05 +112.7%
Gross Margin 53.9% -9.3%
EBITDA Margin 41.64% -7.1%
Operating Margin 27.63% -21.0%
Net Margin 0.34% +116.0%
ROE 0.11% +114.3%
ROIC 5.08% -14.3%
Debt/Equity 0.35 +1.8%
Interest Coverage 3.11 +26.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.1% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.9%
✓Healthy 5Y average net margin of 12.4%
✓Trading near 52-week high

✗Weaknesses

✗Profits declining 34.3% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 100.0% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y23.9%

3Y36.81%

TTM16.93%

Profit (Net Income) CAGR

10Y-

5Y-34.34%

3Y-62.43%

TTM755.52%

EPS CAGR

10Y-

5Y-42.23%

3Y-74.43%

TTM778.38%

ROCE

10Y Avg16.63%

5Y Avg13.38%

3Y Avg9.51%

Latest6.39%

Peer Comparison

Sports Franchises & Leagues

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TKOTKO Group Holdings, Inc.	16.49B	208.88	3818.65	67.43%	5.27%	2.42%	3.08%	0.35
HOFVHall of Fame Resort & Entertainment Company	2.35M	0.35	-0.04	-12.12%	-366.24%	-207.29%		3.45
BATRKAtlanta Braves Holdings, Inc.	2.07B	40.13	-80.26	3.45%	-0.69%	-1.79%		1.34
BATRAAtlanta Braves Holdings, Inc.	445.64M	43.19	-86.38	3.45%	-0.06%	-0.16%		1.34
MANUManchester United plc	947.86M	16.90	-88.95	0.72%	-4.95%	-17.05%	2.95%	3.33
MSGSMadison Square Garden Sports Corp.	5.54B	283.55	-304.89	1.18%	-2.31%		1.59%
FWONKFormula One Group	20.24B	90.50	-754.17	13.38%	5.08%	2.53%	2.43%	0.40

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	658.77M	729.22M	800.96M	930.16M	960.44M	974.21M	1.1B	1.14B	1.67B	2.8B
Revenue Growth %	-	0.11%	0.1%	0.16%	0.03%	0.01%	0.12%	0.04%	0.47%	0.67%
Cost of Goods Sold+	419.59M	453.62M	559.1M	634.25M	672.33M	592.1M	649.08M	385.62M	679.21M	1.29B
COGS % of Revenue	0.64%	0.62%	0.7%	0.68%	0.7%	0.61%	0.59%	0.34%	0.41%	0.46%
Gross Profit+	239.18M	275.6M	241.86M	295.91M	288.12M	382.11M	446.1M	754.53M	995.75M	1.51B
Gross Margin %	0.36%	0.38%	0.3%	0.32%	0.3%	0.39%	0.41%	0.66%	0.59%	0.54%
Gross Profit Growth %	-	0.15%	-0.12%	0.22%	-0.03%	0.33%	0.17%	0.69%	0.32%	0.52%
Operating Expenses+	192.77M	219.13M	160.81M	181.43M	171.61M	173.57M	190.08M	209.39M	409.56M	736.64M
OpEx % of Revenue	0.29%	0.3%	0.2%	0.2%	0.18%	0.18%	0.17%	0.18%	0.24%	0.26%
Selling, General & Admin	192.77M	219.13M	160.81M	181.43M	171.61M	173.57M	190.08M	209.39M	409.56M	736.64M
SG&A % of Revenue	0.29%	0.3%	0.2%	0.2%	0.18%	0.18%	0.17%	0.18%	0.24%	0.26%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	46.41M	56.46M	81.05M	114.48M	116.51M	208.54M	256.02M	545.14M	586.19M	774.98M
Operating Margin %	0.07%	0.08%	0.1%	0.12%	0.12%	0.21%	0.23%	0.48%	0.35%	0.28%
Operating Income Growth %	-	0.22%	0.44%	0.41%	0.02%	0.79%	0.23%	1.13%	0.08%	0.32%
EBITDA+	107.03M	118.48M	146.12M	184.63M	199.79M	294.73M	333.94M	605.17M	750.81M	1.17B
EBITDA Margin %	0.16%	0.16%	0.18%	0.2%	0.21%	0.3%	0.3%	0.53%	0.45%	0.42%
EBITDA Growth %	-	0.11%	0.23%	0.26%	0.08%	0.48%	0.13%	0.81%	0.24%	0.56%
D&A (Non-Cash Add-back)	60.62M	62.02M	65.07M	70.16M	83.28M	86.19M	77.92M	60.03M	164.62M	392.84M
EBIT	38.59M	56.23M	78.8M	121.44M	120.8M	206.71M	263.47M	543.12M	446.48M	283.46M
Net Interest Income+	-575K	-628K	-12.73M	-10.9M	-21.39M	-33.78M	-33.22M	-139.57M	-239.04M	-249.12M
Interest Income	1.79M	2.39M	2.01M	4.51M	4.73M	1.82M	395K	0	0	0
Interest Expense	2.37M	3.02M	14.74M	15.4M	26.12M	35.6M	33.61M	139.57M	239.04M	249.12M
Other Income/Expense	-10.18M	-3.25M	-16.99M	-8.44M	-21.83M	-37.44M	-26.16M	-141.8M	-379.02M	-742.9M
Pretax Income+	36.23M	53.21M	64.06M	106.04M	94.68M	171.11M	229.86M	403.34M	207.17M	32.08M
Pretax Margin %	0.05%	0.07%	0.08%	0.11%	0.1%	0.18%	0.21%	0.35%	0.12%	0.01%
Income Tax+	12.08M	19.37M	31.42M	6.45M	17.62M	39.34M	52.45M	14.32M	31.45M	25.71M
Effective Tax Rate %	0.67%	0.64%	0.51%	0.94%	0.81%	0.77%	0.77%	0.96%	-0.17%	0.29%
Net Income+	24.14M	33.84M	32.64M	99.59M	77.06M	131.77M	177.41M	387.27M	-35.23M	9.41M
Net Margin %	0.04%	0.05%	0.04%	0.11%	0.08%	0.14%	0.16%	0.34%	-0.02%	0%
Net Income Growth %	-	0.4%	-0.04%	2.05%	-0.23%	0.71%	0.35%	1.18%	-1.09%	1.27%
Net Income (Continuing)	24.14M	33.84M	32.64M	99.59M	77.06M	131.77M	177.41M	389.02M	175.72M	6.38M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	9.7M	9.91M	4.74B	4.63B
EPS (Diluted)+	0.32	0.44	0.42	1.12	0.85	2.13	3.27	4.66	-0.43	0.05
EPS Growth %	-	0.38%	-0.05%	1.67%	-0.24%	1.51%	0.54%	0.43%	-1.09%	1.13%
EPS (Basic)	0.32	0.44	0.43	1.28	0.99	2.13	3.27	4.66	-0.43	0.12
Diluted Shares Outstanding	76.33M	77.54M	78.47M	88.62M	90.23M	83.16M	83.16M	83.16M	82.81M	171.88M
Basic Shares Outstanding	75.7M	76.15M	76.74M	77.54M	78.16M	83.16M	83.16M	83.16M	82.81M	81.34M
Dividend Payout Ratio	1.51%	1.08%	1.13%	0.37%	0.49%	0.28%	0.21%	2.83%	-	7.15%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	179.76M	349.31M	390.98M	474.01M	404.31M	726.85M	948.26M	268.3M	492.43M	869.57M
Cash & Short-Term Investments	102.38M	267.14M	297.44M	359.14M	250.48M	593.4M	874.69M	180.57M	235.84M	525.56M
Cash Only	38.02M	211.98M	137.7M	167.46M	90.45M	462.1M	874.69M	180.57M	235.84M	525.56M
Short-Term Investments	64.36M	55.16M	159.74M	191.69M	160.03M	131.29M	0	0	0	0
Accounts Receivable	58.44M	53.16M	65.25M	78.92M	124.77M	52.01M	59.34M	45.45M	147.03M	221.41M
Days Sales Outstanding	32.38	26.61	29.73	30.97	47.42	19.49	19.78	14.55	32.04	28.82
Inventory	6.17M	6.53M	8.33M	7.75M	8.25M	8.39M	0	0	0	0
Days Inventory Outstanding	5.36	5.26	5.44	4.46	4.48	5.17	-	-	-	-
Other Current Assets	12.78M	22.48M	19.96M	28.19M	20.81M	73.06M	13.45M	33.98M	43.53M	25.02M
Total Non-Current Assets+	230.97M	256.77M	223.52M	231.32M	609.69M	592.03M	3.35B	3.31B	12.2B	11.83B
Property, Plant & Equipment	105.22M	132.63M	131.32M	148.09M	485.5M	485.87M	193.21M	198.32M	899.63M	805.02M
Fixed Asset Turnover	6.26x	5.50x	6.10x	6.28x	1.98x	2.01x	5.67x	5.75x	1.86x	3.48x
Goodwill	0	0	0	0	0	0	2.6B	2.6B	7.67B	7.66B
Intangible Assets	0	0	0	0	0	0	522.35M	475.76M	3.56B	3.26B
Long-Term Investments	22.28M	24.96M	27.37M	30.2M	28.11M	11.15M	1.75M	6.02M	16.39M	32.16M
Other Non-Current Assets	57.18M	61.45M	45.85M	30.87M	67.11M	63.41M	27.97M	-31.62M	52.14M	65.5M
Total Assets+	410.73M	606.08M	614.51M	705.33M	1.01B	1.32B	4.3B	3.58B	12.69B	12.7B
Asset Turnover	1.60x	1.20x	1.30x	1.32x	0.95x	0.74x	0.25x	0.32x	0.13x	0.22x
Asset Growth %	-	0.48%	0.01%	0.15%	0.44%	0.3%	2.26%	-0.17%	2.54%	0%
Total Current Liabilities+	131.59M	133.13M	138.19M	357.54M	344.34M	497.47M	187.32M	230.18M	472.14M	670.66M
Accounts Payable	8.58M	10.12M	12.73M	12.2M	9.28M	7.27M	11.64M	16.84M	42.04M	29.68M
Days Payables Outstanding	7.47	8.14	8.31	7.02	5.04	4.48	6.54	15.94	22.59	8.38
Short-Term Debt	4.44M	6.12M	4.64M	188.21M	206.81M	308.64M	22.89M	24.48M	22.37M	26.51M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	31.8M	31.21M	35.48M	60.6M	56.18M	86.72M	2.37M	88.55M	9M	16.34M
Current Ratio	1.37x	2.62x	2.83x	1.33x	1.17x	1.46x	5.06x	1.17x	1.04x	1.30x
Quick Ratio	1.32x	2.57x	2.77x	1.30x	1.15x	1.44x	5.06x	1.17x	1.04x	1.30x
Cash Conversion Cycle	30.28	23.72	26.86	28.41	46.86	20.17	-	-	-	-
Total Non-Current Liabilities+	69.82M	233.2M	223.35M	31.55M	394.33M	437.42M	2.85B	2.77B	3.37B	3.31B
Long-Term Debt	17.14M	196.6M	208.86M	25.7M	22.1M	21.7M	2.81B	2.74B	2.71B	2.73B
Capital Lease Obligations	0	0	0	0	350.04M	389.62M	18.59M	22.59M	278.2M	258.32M
Deferred Tax Liabilities	1.58M	5.17M	3.39M	5.03M	21.77M	21.57M	0	15.69M	372.86M	312.21M
Other Non-Current Liabilities	1.12M	725K	11.11M	827K	429K	4.54M	22.92M	-13.93M	3.05M	7.46M
Total Liabilities	201.41M	366.33M	361.55M	389.09M	738.67M	934.89M	3.04B	3B	3.84B	3.98B
Total Debt+	21.57M	202.72M	213.5M	213.9M	578.95M	719.96M	2.85B	2.78B	3.03B	3.04B
Net Debt	-16.44M	-9.25M	75.8M	46.45M	488.5M	257.86M	1.98B	2.6B	2.79B	2.51B
Debt / Equity	0.10x	0.85x	0.84x	0.68x	2.10x	1.87x	2.27x	4.81x	0.34x	0.35x
Debt / EBITDA	0.20x	1.71x	1.46x	1.16x	2.90x	2.44x	8.54x	4.60x	4.03x	2.60x
Net Debt / EBITDA	-0.15x	-0.08x	0.52x	0.25x	2.45x	0.87x	5.92x	4.30x	3.72x	2.15x
Interest Coverage	19.61x	18.70x	5.50x	7.43x	4.46x	5.86x	7.62x	3.91x	2.45x	3.11x
Total Equity+	209.32M	239.74M	252.96M	316.24M	275.33M	383.99M	1.26B	578.82M	8.85B	8.72B
Equity Growth %	-	0.15%	0.06%	0.25%	-0.13%	0.39%	2.28%	-0.54%	14.29%	-0.01%
Book Value per Share	2.74	3.09	3.22	3.57	3.05	4.62	15.13	6.96	106.88	50.73
Total Shareholders' Equity	209.32M	239.74M	252.96M	316.24M	275.33M	383.99M	1.25B	568.92M	4.11B	4.09B
Common Stock	759K	764K	771K	780K	773K	778K	1.25B	568.07M	2K	2K
Retained Earnings	-164.1M	-167.3M	-172.39M	-101.33M	-133.66M	-56.33M	0	0	-135.23M	-291.73M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	3.01M	2.9M	2.37M	1.5M	2.86M	2.98M	-2.52M	846K	-332K	-2.55M
Minority Interest	0	0	0	0	0	0	9.7M	9.91M	4.74B	4.63B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	49.55M	56.62M	96.59M	186.72M	120.98M	351.24M	178.6M	501.72M	468.38M	583.41M
Operating CF Margin %	0.08%	0.08%	0.12%	0.2%	0.13%	0.36%	0.16%	0.44%	0.28%	0.21%
Operating CF Growth %	-	0.14%	0.71%	0.93%	-0.35%	1.9%	-0.49%	1.81%	-0.07%	0.25%
Net Income	24.14M	33.84M	32.64M	99.59M	77.06M	178.32M	177.41M	389.02M	175.72M	6.38M
Depreciation & Amortization	60.62M	62.02M	65.07M	70.16M	83.28M	105.6M	77.92M	60.03M	164.62M	392.84M
Stock-Based Compensation	0	0	0	0	0	31.74M	0	23.74M	57.11M	94.64M
Deferred Taxes	-9.67M	12.15M	13.57M	-1.06M	9.92M	-810K	-2.99M	2.33M	6.83M	0
Other Non-Cash Items	166.26M	142.64M	171M	160.33M	46.07M	30.26M	26.02M	28.67M	36.17M	-1.3M
Working Capital Changes	-49.97M	-68.51M	-49.36M	-25.79M	-95.35M	6.12M	-99.76M	-2.08M	27.93M	90.86M
Change in Receivables	-19.15M	5.46M	-12.51M	-3.53M	-41.49M	1.3M	-120.63M	-26.4M	15.07M	-52.68M
Change in Inventory	-1.43M	-364K	-1.8M	579K	-499K	-1.29M	1.16M	5.63M	0	0
Change in Payables	0	-6.58M	8.11M	26.75M	-31.95M	5.09M	22.72M	-5.18M	38.19M	220.85M
Cash from Investing+	-18.72M	-24.09M	-133.74M	-66.09M	-35.81M	-21.93M	-188.81M	-13.26M	12.28M	-59.05M
Capital Expenditures	-20.01M	-29.9M	-24.71M	-32.27M	-69.09M	-21.68M	-39.23M	-12.4M	-48.63M	0
CapEx % of Revenue	0.03%	0.04%	0.03%	0.03%	0.07%	0.02%	0.04%	0.01%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	1M	1.44M	-39.53M	4.33M	-17.61M	-321.01M	-59.05M
Cash from Financing+	-40.04M	141.43M	-37.13M	-90.88M	-162.19M	-199.61M	-317.06M	-1.18B	-424.47M	-232.26M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-36.34M	-36.56M	-36.85M	-37.24M	-37.43M	-37.25M	-36.41M	-1.1B	-296.59M	-67.26M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-419K	893K	-9.16M	-50.8M	-30.18M	29.98M	-5.64M	-2.88M	5.52M	-7.53M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	29.54M	26.72M	71.88M	154.44M	51.9M	329.55M	139.37M	489.32M	419.75M	508.46M
FCF Margin %	0.04%	0.04%	0.09%	0.17%	0.05%	0.34%	0.13%	0.43%	0.25%	0.18%
FCF Growth %	-	-0.1%	1.69%	1.15%	-0.66%	5.35%	-0.58%	2.51%	-0.14%	0.21%
FCF per Share	0.39	0.34	0.92	1.74	0.58	3.96	1.68	5.88	5.07	2.96
FCF Conversion (FCF/Net Income)	2.05x	1.67x	2.96x	1.87x	1.57x	2.67x	1.01x	1.30x	-13.30x	62.01x
Interest Paid	0	0	0	0	0	103M	0	118.31M	226.5M	267.51M
Taxes Paid	0	0	0	0	0	10.18M	0	14.79M	23.2M	89.02M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.53%	15.07%	13.25%	34.99%	26.05%	39.97%	21.6%	42.15%	-0.75%	0.11%
Return on Invested Capital (ROIC)	18.05%	20.01%	21.74%	24.83%	15.51%	22.25%	9.9%	12.74%	5.93%	5.08%
Gross Margin	36.31%	37.79%	30.2%	31.81%	30%	39.22%	40.73%	66.18%	59.45%	53.9%
Net Margin	3.67%	4.64%	4.08%	10.71%	8.02%	13.53%	16.2%	33.97%	-2.1%	0.34%
Debt / Equity	0.10x	0.85x	0.84x	0.68x	2.10x	1.87x	2.27x	4.81x	0.34x	0.35x
Interest Coverage	19.61x	18.70x	5.50x	7.43x	4.46x	5.86x	7.62x	3.91x	2.45x	3.11x
FCF Conversion	2.05x	1.67x	2.96x	1.87x	1.57x	2.67x	1.01x	1.30x	-13.30x	62.01x
Revenue Growth	-	10.69%	9.84%	16.13%	3.26%	1.43%	12.42%	4.11%	46.91%	67.43%

Revenue by Geography

	2023	2024
North America	1.28B	2.17B
North America Growth	-	69.21%
E M E A	228.1M	407.44M
E M E A Growth	-	78.62%
Asia Pacific	134.65M	187.26M
Asia Pacific Growth	-	39.07%
Latin America	31.49M	42.48M
Latin America Growth	-	34.88%

Frequently Asked Questions

Growth & Financials

TKO Group Holdings, Inc. (TKO) reported $4.34B in revenue for fiscal year 2024. This represents a 559% increase from $658.8M in 2015.

TKO Group Holdings, Inc. (TKO) grew revenue by 67.4% over the past year. This is strong growth.

Yes, TKO Group Holdings, Inc. (TKO) is profitable, generating $228.8M in net income for fiscal year 2024 (0.3% net margin).

Dividend & Returns

Yes, TKO Group Holdings, Inc. (TKO) pays a dividend with a yield of 0.19%. This makes it attractive for income-focused investors.

TKO Group Holdings, Inc. (TKO) has a return on equity (ROE) of 0.1%. This is below average, suggesting room for improvement.

TKO Group Holdings, Inc. (TKO) generated $994.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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TKO Group Holdings, Inc. (TKO) 10-Year Financial Performance & Capital Metrics

TKO • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsSports Franchises & Leagues

Revenue $2.8B +67.4%
EBITDA $1.17B +55.5%
Net Income $9M +126.7%
EPS (Diluted) 0.05 +112.7%
Gross Margin 53.9% -9.3%
EBITDA Margin 41.64% -7.1%
Operating Margin 27.63% -21.0%
Net Margin 0.34% +116.0%
ROE 0.11% +114.3%
ROIC 5.08% -14.3%
Debt/Equity 0.35 +1.8%
Interest Coverage 3.11 +26.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.1% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.9%
✓Healthy 5Y average net margin of 12.4%
✓Trading near 52-week high

✗Weaknesses

✗Profits declining 34.3% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 100.0% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y23.9%

3Y36.81%

TTM16.93%

Profit (Net Income) CAGR

10Y-

5Y-34.34%

3Y-62.43%

TTM755.52%

EPS CAGR

10Y-

5Y-42.23%

3Y-74.43%

TTM778.38%

ROCE

10Y Avg16.63%

5Y Avg13.38%

3Y Avg9.51%

Latest6.39%

Peer Comparison

Sports Franchises & Leagues

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TKOTKO Group Holdings, Inc.	16.49B	208.88	3818.65	67.43%	5.27%	2.42%	3.08%	0.35
HOFVHall of Fame Resort & Entertainment Company	2.35M	0.35	-0.04	-12.12%	-366.24%	-207.29%		3.45
BATRKAtlanta Braves Holdings, Inc.	2.07B	40.13	-80.26	3.45%	-0.69%	-1.79%		1.34
BATRAAtlanta Braves Holdings, Inc.	445.64M	43.19	-86.38	3.45%	-0.06%	-0.16%		1.34
MANUManchester United plc	947.86M	16.90	-88.95	0.72%	-4.95%	-17.05%	2.95%	3.33
MSGSMadison Square Garden Sports Corp.	5.54B	283.55	-304.89	1.18%	-2.31%		1.59%
FWONKFormula One Group	20.24B	90.50	-754.17	13.38%	5.08%	2.53%	2.43%	0.40

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	658.77M	729.22M	800.96M	930.16M	960.44M	974.21M	1.1B	1.14B	1.67B	2.8B
Revenue Growth %	-	0.11%	0.1%	0.16%	0.03%	0.01%	0.12%	0.04%	0.47%	0.67%
Cost of Goods Sold+	419.59M	453.62M	559.1M	634.25M	672.33M	592.1M	649.08M	385.62M	679.21M	1.29B
COGS % of Revenue	0.64%	0.62%	0.7%	0.68%	0.7%	0.61%	0.59%	0.34%	0.41%	0.46%
Gross Profit+	239.18M	275.6M	241.86M	295.91M	288.12M	382.11M	446.1M	754.53M	995.75M	1.51B
Gross Margin %	0.36%	0.38%	0.3%	0.32%	0.3%	0.39%	0.41%	0.66%	0.59%	0.54%
Gross Profit Growth %	-	0.15%	-0.12%	0.22%	-0.03%	0.33%	0.17%	0.69%	0.32%	0.52%
Operating Expenses+	192.77M	219.13M	160.81M	181.43M	171.61M	173.57M	190.08M	209.39M	409.56M	736.64M
OpEx % of Revenue	0.29%	0.3%	0.2%	0.2%	0.18%	0.18%	0.17%	0.18%	0.24%	0.26%
Selling, General & Admin	192.77M	219.13M	160.81M	181.43M	171.61M	173.57M	190.08M	209.39M	409.56M	736.64M
SG&A % of Revenue	0.29%	0.3%	0.2%	0.2%	0.18%	0.18%	0.17%	0.18%	0.24%	0.26%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	46.41M	56.46M	81.05M	114.48M	116.51M	208.54M	256.02M	545.14M	586.19M	774.98M
Operating Margin %	0.07%	0.08%	0.1%	0.12%	0.12%	0.21%	0.23%	0.48%	0.35%	0.28%
Operating Income Growth %	-	0.22%	0.44%	0.41%	0.02%	0.79%	0.23%	1.13%	0.08%	0.32%
EBITDA+	107.03M	118.48M	146.12M	184.63M	199.79M	294.73M	333.94M	605.17M	750.81M	1.17B
EBITDA Margin %	0.16%	0.16%	0.18%	0.2%	0.21%	0.3%	0.3%	0.53%	0.45%	0.42%
EBITDA Growth %	-	0.11%	0.23%	0.26%	0.08%	0.48%	0.13%	0.81%	0.24%	0.56%
D&A (Non-Cash Add-back)	60.62M	62.02M	65.07M	70.16M	83.28M	86.19M	77.92M	60.03M	164.62M	392.84M
EBIT	38.59M	56.23M	78.8M	121.44M	120.8M	206.71M	263.47M	543.12M	446.48M	283.46M
Net Interest Income+	-575K	-628K	-12.73M	-10.9M	-21.39M	-33.78M	-33.22M	-139.57M	-239.04M	-249.12M
Interest Income	1.79M	2.39M	2.01M	4.51M	4.73M	1.82M	395K	0	0	0
Interest Expense	2.37M	3.02M	14.74M	15.4M	26.12M	35.6M	33.61M	139.57M	239.04M	249.12M
Other Income/Expense	-10.18M	-3.25M	-16.99M	-8.44M	-21.83M	-37.44M	-26.16M	-141.8M	-379.02M	-742.9M
Pretax Income+	36.23M	53.21M	64.06M	106.04M	94.68M	171.11M	229.86M	403.34M	207.17M	32.08M
Pretax Margin %	0.05%	0.07%	0.08%	0.11%	0.1%	0.18%	0.21%	0.35%	0.12%	0.01%
Income Tax+	12.08M	19.37M	31.42M	6.45M	17.62M	39.34M	52.45M	14.32M	31.45M	25.71M
Effective Tax Rate %	0.67%	0.64%	0.51%	0.94%	0.81%	0.77%	0.77%	0.96%	-0.17%	0.29%
Net Income+	24.14M	33.84M	32.64M	99.59M	77.06M	131.77M	177.41M	387.27M	-35.23M	9.41M
Net Margin %	0.04%	0.05%	0.04%	0.11%	0.08%	0.14%	0.16%	0.34%	-0.02%	0%
Net Income Growth %	-	0.4%	-0.04%	2.05%	-0.23%	0.71%	0.35%	1.18%	-1.09%	1.27%
Net Income (Continuing)	24.14M	33.84M	32.64M	99.59M	77.06M	131.77M	177.41M	389.02M	175.72M	6.38M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	9.7M	9.91M	4.74B	4.63B
EPS (Diluted)+	0.32	0.44	0.42	1.12	0.85	2.13	3.27	4.66	-0.43	0.05
EPS Growth %	-	0.38%	-0.05%	1.67%	-0.24%	1.51%	0.54%	0.43%	-1.09%	1.13%
EPS (Basic)	0.32	0.44	0.43	1.28	0.99	2.13	3.27	4.66	-0.43	0.12
Diluted Shares Outstanding	76.33M	77.54M	78.47M	88.62M	90.23M	83.16M	83.16M	83.16M	82.81M	171.88M
Basic Shares Outstanding	75.7M	76.15M	76.74M	77.54M	78.16M	83.16M	83.16M	83.16M	82.81M	81.34M
Dividend Payout Ratio	1.51%	1.08%	1.13%	0.37%	0.49%	0.28%	0.21%	2.83%	-	7.15%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	179.76M	349.31M	390.98M	474.01M	404.31M	726.85M	948.26M	268.3M	492.43M	869.57M
Cash & Short-Term Investments	102.38M	267.14M	297.44M	359.14M	250.48M	593.4M	874.69M	180.57M	235.84M	525.56M
Cash Only	38.02M	211.98M	137.7M	167.46M	90.45M	462.1M	874.69M	180.57M	235.84M	525.56M
Short-Term Investments	64.36M	55.16M	159.74M	191.69M	160.03M	131.29M	0	0	0	0
Accounts Receivable	58.44M	53.16M	65.25M	78.92M	124.77M	52.01M	59.34M	45.45M	147.03M	221.41M
Days Sales Outstanding	32.38	26.61	29.73	30.97	47.42	19.49	19.78	14.55	32.04	28.82
Inventory	6.17M	6.53M	8.33M	7.75M	8.25M	8.39M	0	0	0	0
Days Inventory Outstanding	5.36	5.26	5.44	4.46	4.48	5.17	-	-	-	-
Other Current Assets	12.78M	22.48M	19.96M	28.19M	20.81M	73.06M	13.45M	33.98M	43.53M	25.02M
Total Non-Current Assets+	230.97M	256.77M	223.52M	231.32M	609.69M	592.03M	3.35B	3.31B	12.2B	11.83B
Property, Plant & Equipment	105.22M	132.63M	131.32M	148.09M	485.5M	485.87M	193.21M	198.32M	899.63M	805.02M
Fixed Asset Turnover	6.26x	5.50x	6.10x	6.28x	1.98x	2.01x	5.67x	5.75x	1.86x	3.48x
Goodwill	0	0	0	0	0	0	2.6B	2.6B	7.67B	7.66B
Intangible Assets	0	0	0	0	0	0	522.35M	475.76M	3.56B	3.26B
Long-Term Investments	22.28M	24.96M	27.37M	30.2M	28.11M	11.15M	1.75M	6.02M	16.39M	32.16M
Other Non-Current Assets	57.18M	61.45M	45.85M	30.87M	67.11M	63.41M	27.97M	-31.62M	52.14M	65.5M
Total Assets+	410.73M	606.08M	614.51M	705.33M	1.01B	1.32B	4.3B	3.58B	12.69B	12.7B
Asset Turnover	1.60x	1.20x	1.30x	1.32x	0.95x	0.74x	0.25x	0.32x	0.13x	0.22x
Asset Growth %	-	0.48%	0.01%	0.15%	0.44%	0.3%	2.26%	-0.17%	2.54%	0%
Total Current Liabilities+	131.59M	133.13M	138.19M	357.54M	344.34M	497.47M	187.32M	230.18M	472.14M	670.66M
Accounts Payable	8.58M	10.12M	12.73M	12.2M	9.28M	7.27M	11.64M	16.84M	42.04M	29.68M
Days Payables Outstanding	7.47	8.14	8.31	7.02	5.04	4.48	6.54	15.94	22.59	8.38
Short-Term Debt	4.44M	6.12M	4.64M	188.21M	206.81M	308.64M	22.89M	24.48M	22.37M	26.51M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	31.8M	31.21M	35.48M	60.6M	56.18M	86.72M	2.37M	88.55M	9M	16.34M
Current Ratio	1.37x	2.62x	2.83x	1.33x	1.17x	1.46x	5.06x	1.17x	1.04x	1.30x
Quick Ratio	1.32x	2.57x	2.77x	1.30x	1.15x	1.44x	5.06x	1.17x	1.04x	1.30x
Cash Conversion Cycle	30.28	23.72	26.86	28.41	46.86	20.17	-	-	-	-
Total Non-Current Liabilities+	69.82M	233.2M	223.35M	31.55M	394.33M	437.42M	2.85B	2.77B	3.37B	3.31B
Long-Term Debt	17.14M	196.6M	208.86M	25.7M	22.1M	21.7M	2.81B	2.74B	2.71B	2.73B
Capital Lease Obligations	0	0	0	0	350.04M	389.62M	18.59M	22.59M	278.2M	258.32M
Deferred Tax Liabilities	1.58M	5.17M	3.39M	5.03M	21.77M	21.57M	0	15.69M	372.86M	312.21M
Other Non-Current Liabilities	1.12M	725K	11.11M	827K	429K	4.54M	22.92M	-13.93M	3.05M	7.46M
Total Liabilities	201.41M	366.33M	361.55M	389.09M	738.67M	934.89M	3.04B	3B	3.84B	3.98B
Total Debt+	21.57M	202.72M	213.5M	213.9M	578.95M	719.96M	2.85B	2.78B	3.03B	3.04B
Net Debt	-16.44M	-9.25M	75.8M	46.45M	488.5M	257.86M	1.98B	2.6B	2.79B	2.51B
Debt / Equity	0.10x	0.85x	0.84x	0.68x	2.10x	1.87x	2.27x	4.81x	0.34x	0.35x
Debt / EBITDA	0.20x	1.71x	1.46x	1.16x	2.90x	2.44x	8.54x	4.60x	4.03x	2.60x
Net Debt / EBITDA	-0.15x	-0.08x	0.52x	0.25x	2.45x	0.87x	5.92x	4.30x	3.72x	2.15x
Interest Coverage	19.61x	18.70x	5.50x	7.43x	4.46x	5.86x	7.62x	3.91x	2.45x	3.11x
Total Equity+	209.32M	239.74M	252.96M	316.24M	275.33M	383.99M	1.26B	578.82M	8.85B	8.72B
Equity Growth %	-	0.15%	0.06%	0.25%	-0.13%	0.39%	2.28%	-0.54%	14.29%	-0.01%
Book Value per Share	2.74	3.09	3.22	3.57	3.05	4.62	15.13	6.96	106.88	50.73
Total Shareholders' Equity	209.32M	239.74M	252.96M	316.24M	275.33M	383.99M	1.25B	568.92M	4.11B	4.09B
Common Stock	759K	764K	771K	780K	773K	778K	1.25B	568.07M	2K	2K
Retained Earnings	-164.1M	-167.3M	-172.39M	-101.33M	-133.66M	-56.33M	0	0	-135.23M	-291.73M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	3.01M	2.9M	2.37M	1.5M	2.86M	2.98M	-2.52M	846K	-332K	-2.55M
Minority Interest	0	0	0	0	0	0	9.7M	9.91M	4.74B	4.63B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	49.55M	56.62M	96.59M	186.72M	120.98M	351.24M	178.6M	501.72M	468.38M	583.41M
Operating CF Margin %	0.08%	0.08%	0.12%	0.2%	0.13%	0.36%	0.16%	0.44%	0.28%	0.21%
Operating CF Growth %	-	0.14%	0.71%	0.93%	-0.35%	1.9%	-0.49%	1.81%	-0.07%	0.25%
Net Income	24.14M	33.84M	32.64M	99.59M	77.06M	178.32M	177.41M	389.02M	175.72M	6.38M
Depreciation & Amortization	60.62M	62.02M	65.07M	70.16M	83.28M	105.6M	77.92M	60.03M	164.62M	392.84M
Stock-Based Compensation	0	0	0	0	0	31.74M	0	23.74M	57.11M	94.64M
Deferred Taxes	-9.67M	12.15M	13.57M	-1.06M	9.92M	-810K	-2.99M	2.33M	6.83M	0
Other Non-Cash Items	166.26M	142.64M	171M	160.33M	46.07M	30.26M	26.02M	28.67M	36.17M	-1.3M
Working Capital Changes	-49.97M	-68.51M	-49.36M	-25.79M	-95.35M	6.12M	-99.76M	-2.08M	27.93M	90.86M
Change in Receivables	-19.15M	5.46M	-12.51M	-3.53M	-41.49M	1.3M	-120.63M	-26.4M	15.07M	-52.68M
Change in Inventory	-1.43M	-364K	-1.8M	579K	-499K	-1.29M	1.16M	5.63M	0	0
Change in Payables	0	-6.58M	8.11M	26.75M	-31.95M	5.09M	22.72M	-5.18M	38.19M	220.85M
Cash from Investing+	-18.72M	-24.09M	-133.74M	-66.09M	-35.81M	-21.93M	-188.81M	-13.26M	12.28M	-59.05M
Capital Expenditures	-20.01M	-29.9M	-24.71M	-32.27M	-69.09M	-21.68M	-39.23M	-12.4M	-48.63M	0
CapEx % of Revenue	0.03%	0.04%	0.03%	0.03%	0.07%	0.02%	0.04%	0.01%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	1M	1.44M	-39.53M	4.33M	-17.61M	-321.01M	-59.05M
Cash from Financing+	-40.04M	141.43M	-37.13M	-90.88M	-162.19M	-199.61M	-317.06M	-1.18B	-424.47M	-232.26M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-36.34M	-36.56M	-36.85M	-37.24M	-37.43M	-37.25M	-36.41M	-1.1B	-296.59M	-67.26M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-419K	893K	-9.16M	-50.8M	-30.18M	29.98M	-5.64M	-2.88M	5.52M	-7.53M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	29.54M	26.72M	71.88M	154.44M	51.9M	329.55M	139.37M	489.32M	419.75M	508.46M
FCF Margin %	0.04%	0.04%	0.09%	0.17%	0.05%	0.34%	0.13%	0.43%	0.25%	0.18%
FCF Growth %	-	-0.1%	1.69%	1.15%	-0.66%	5.35%	-0.58%	2.51%	-0.14%	0.21%
FCF per Share	0.39	0.34	0.92	1.74	0.58	3.96	1.68	5.88	5.07	2.96
FCF Conversion (FCF/Net Income)	2.05x	1.67x	2.96x	1.87x	1.57x	2.67x	1.01x	1.30x	-13.30x	62.01x
Interest Paid	0	0	0	0	0	103M	0	118.31M	226.5M	267.51M
Taxes Paid	0	0	0	0	0	10.18M	0	14.79M	23.2M	89.02M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.53%	15.07%	13.25%	34.99%	26.05%	39.97%	21.6%	42.15%	-0.75%	0.11%
Return on Invested Capital (ROIC)	18.05%	20.01%	21.74%	24.83%	15.51%	22.25%	9.9%	12.74%	5.93%	5.08%
Gross Margin	36.31%	37.79%	30.2%	31.81%	30%	39.22%	40.73%	66.18%	59.45%	53.9%
Net Margin	3.67%	4.64%	4.08%	10.71%	8.02%	13.53%	16.2%	33.97%	-2.1%	0.34%
Debt / Equity	0.10x	0.85x	0.84x	0.68x	2.10x	1.87x	2.27x	4.81x	0.34x	0.35x
Interest Coverage	19.61x	18.70x	5.50x	7.43x	4.46x	5.86x	7.62x	3.91x	2.45x	3.11x
FCF Conversion	2.05x	1.67x	2.96x	1.87x	1.57x	2.67x	1.01x	1.30x	-13.30x	62.01x
Revenue Growth	-	10.69%	9.84%	16.13%	3.26%	1.43%	12.42%	4.11%	46.91%	67.43%

Revenue by Geography

	2023	2024
North America	1.28B	2.17B
North America Growth	-	69.21%
E M E A	228.1M	407.44M
E M E A Growth	-	78.62%
Asia Pacific	134.65M	187.26M
Asia Pacific Growth	-	39.07%
Latin America	31.49M	42.48M
Latin America Growth	-	34.88%

Frequently Asked Questions

Growth & Financials

TKO Group Holdings, Inc. (TKO) reported $4.34B in revenue for fiscal year 2024. This represents a 559% increase from $658.8M in 2015.

TKO Group Holdings, Inc. (TKO) grew revenue by 67.4% over the past year. This is strong growth.

Yes, TKO Group Holdings, Inc. (TKO) is profitable, generating $228.8M in net income for fiscal year 2024 (0.3% net margin).

Dividend & Returns

Yes, TKO Group Holdings, Inc. (TKO) pays a dividend with a yield of 0.19%. This makes it attractive for income-focused investors.

TKO Group Holdings, Inc. (TKO) has a return on equity (ROE) of 0.1%. This is below average, suggesting room for improvement.

TKO Group Holdings, Inc. (TKO) generated $994.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.