Sphere Entertainment Co.(SPHR)Earnings, Financials & Key Ratios

SPHR•NYSE

$143.88

$5.18B mkt cap·Price updated May 6, 2026

SectorCommunication Services IndustryEntertainment Sub-IndustryLive Events and Sports Operators

AboutSphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.Show more

Revenue$1.03B
EBITDA$33M+139.5%
Net Income-$201M
EPS (Diluted)-5.68
Gross Margin21.67%-53.5%
EBITDA Margin3.26%+139.5%
Operating Margin-21.72%+34.7%
Net Margin-19.54%
ROE-8.31%-3.5%
ROIC-4.96%+30.8%
Debt/Equity0.63
Interest Coverage-3.51

Technical→

SPHR Key Insights

Sphere Entertainment Co. (SPHR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 6.5% over 5 years
✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

SPHR Price & Volume

Sphere Entertainment Co. (SPHR) stock price & volume — 10-year historical chart

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SPHR Growth Metrics

Sphere Entertainment Co. (SPHR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-0.82%

5 Years-6.49%

3 Years18.96%

TTM21.62%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM133.3%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM119.26%

Return on Capital

10 Years-2.38%

5 Years-4.71%

3 Years-7.19%

Last Year-6.53%

SPHR Recent Earnings

Sphere Entertainment Co. (SPHR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)

Q2 2026Latest

May 5, 2026

EPS

$0.01

Est $0.31

+103.2%

Revenue

$386M

Est $313M

+23.3%

Q1 2026

Feb 12, 2026

EPS

$1.23

Est $0.12

+1125.0%

Revenue

$394M

Est $372M

+6.0%

Q4 2025

Nov 4, 2025

EPS

$1.37

Est $1.62

+15.4%

Revenue

$263M

Est $378M

-30.5%

Q3 2025

Aug 11, 2025

EPS

$2.71

Est $1.57

-72.6%

Revenue

$298M

Est $257M

+15.8%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 5, 2026	$0.01vs $0.31+103.2%	$386Mvs $313M+23.3%
Q1 2026	Feb 12, 2026	$1.23vs $0.12+1125.0%	$394Mvs $372M+6.0%
Q4 2025	Nov 4, 2025	$1.37vs $1.62+15.4%	$263Mvs $378M-30.5%
Q3 2025	Aug 11, 2025	$2.71vs $1.57-72.6%	$298Mvs $257M+15.8%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
LYVLive Nation Entertainment, Inc.Direct Competitor	39B	167.82	-699.25	8.83%	0.33%	5.08%	6.84
MSGEMadison Square Garden Entertainment Corp.Direct Competitor	2.71B	66.95	86.95	-1.72%	5.12%	144.17%
AEGAegon Ltd.Direct Competitor	12.62B	8.39	23.83	50.4%	4.24%	13.27%	0.54
EPREPR PropertiesDirect Competitor	4.31B	56.33	17.17	12.07%	38.81%	11.68%	1.35
DISThe Walt Disney CompanyProduct Competitor	191.31B	107.99	15.77	3.35%	11.54%	9.81%	0.39
CMCSAComcast CorporationProduct Competitor	96.34B	26.44	4.91	-0.02%	14.85%	19.54%	1.13
WBDWarner Bros. Discovery, Inc.Product Competitor	68.18B	27.20	93.79	-5.15%	1.95%	1.98%	0.88
AMCAMC Entertainment Holdings, Inc.Product Competitor	1B	1.64	-1.33	4.57%	-10.88%

Compare SPHR vs Peers

Sphere Entertainment Co. (SPHR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LYV

Most directly comparable listed peer for SPHR.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare SPHR against a more recognizable public peer.

Peer Set

Compare Top 5

vs LYV, MSGE, AEG, EPR

SPHR Income Statement

Sphere Entertainment Co. (SPHR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Sales/Revenue	711.02M	988.99M	1.05B	1.44B	647.51M	610.05M	573.83M	1.03B	1.03B	1.33B
Revenue Growth %	-36.25%	39.09%	6.06%	36.91%	-54.91%	-5.78%	-5.94%	78.95%	0%	21.62%
Cost of Goods Sold	517.08M	635.22M	670.64M	790.5M	262.86M	320.28M	342.21M	547.82M	804.32M	431.66M
COGS % of Revenue	72.72%	64.23%	63.94%	55.05%	40.6%	52.5%	59.64%	53.35%	78.33%	-
Gross Profit	193.94M▲ 0%	353.77M▲ 82.4%	378.27M▲ 6.9%	645.52M▲ 70.7%	384.65M▼ 40.4%	289.78M▼ 24.7%	231.62M▼ 20.1%	479.06M▲ 106.8%	222.57M▼ 53.5%	640.21M▲ 0%
Gross Margin %	27.28%	35.77%	36.06%	44.95%	59.4%	47.5%	40.36%	46.65%	21.67%	48.29%
Gross Profit Growth %	-48.62%	82.41%	6.92%	70.65%	-40.41%	-24.66%	-20.07%	106.83%	-53.54%	-
Operating Expenses	292.35M	385.05M	423.87M	410.31M	320.14M	455.51M	504.66M	820.31M	445.57M	828.42M
OpEx % of Revenue	41.12%	38.93%	40.41%	28.57%	49.44%	74.67%	87.95%	79.88%	43.39%	-
Selling, General & Admin	194.28M	273M	314.52M	433.21M	301.89M	419.79M	452.14M	432.85M	380.78M	449.35M
SG&A % of Revenue	27.32%	27.6%	29.99%	30.17%	46.62%	68.81%	78.79%	42.15%	37.08%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	98.07M	112.06M	109.34M	-22.9M	18.25M	35.72M	52.52M	387.45M	64.79M	4M
Operating Income	-98.41M▲ 0%	-31.28M▲ 68.2%	-45.6M▼ 45.8%	235.21M▲ 615.8%	64.51M▼ 72.6%	-165.74M▼ 356.9%	-273.04M▼ 64.7%	-341.24M▼ 25.0%	-223M▲ 34.7%	-140.26M▲ 0%
Operating Margin %	-13.84%	-3.16%	-4.35%	16.38%	9.96%	-27.17%	-47.58%	-33.23%	-21.72%	-10.58%
Operating Income Growth %	-67.84%	68.21%	-45.76%	615.85%	-72.57%	-356.91%	-64.74%	-24.98%	34.65%	-
EBITDA	-337K	80.78M	63.75M	347.27M	186.51M	-41.11M	-169.67M	-84.75M	33.49M	196.29M
EBITDA Margin %	-0.05%	8.17%	6.08%	24.18%	28.8%	-6.74%	-29.57%	-8.25%	3.26%	14.8%
EBITDA Growth %	-100.77%	24069.14%	-21.08%	444.78%	-46.29%	-122.04%	-312.73%	50.05%	139.52%	349.26%
D&A (Non-Cash Add-back)	98.07M	112.06M	109.34M	112.06M	122M	124.63M	103.38M	256.49M	256.49M	336.55M
EBIT	-118.5M	-16.79M	-14.43M	288.07M	63.75M	-167.68M	275.43M	-280.36M	-280.36M	214.53M
Net Interest Income	9.83M	9.2M	24.58M	-17.1M	-17.05M	-17.2M	11.59M	-54.18M	-54.18M	-30.77M
Interest Income	11.76M	21.35M	30.16M	22.23M	3.17M	3.22M	11.59M	25.69M	25.69M	13.57M
Interest Expense	1.93M	12.15M	5.59M	36.56M	20.22M	20.42M	0	79.87M	79.87M	36.3M
Other Income/Expense	-22.02M	2.34M	25.58M	16.29M	-20.98M	-1.94M	548.47M	-18.98M	-137.22M	299.37M
Pretax Income	-120.42M▲ 0%	-28.94M▲ 76.0%	-20.02M▲ 30.8%	251.5M▲ 1356.3%	43.53M▼ 82.7%	-167.68M▼ 485.2%	275.43M▲ 264.3%	-360.23M▼ 230.8%	-360.23M▲ 0.0%	159.11M▲ 0%
Pretax Margin %	-16.94%	-2.93%	-1.91%	17.51%	6.72%	-27.49%	48%	-35.08%	-35.08%	12%
Income Tax	-7.81M	-30.83M	443K	101.69M	38.91M	-29.83M	103.4M	-135.59M	-135.59M	39.29M
Effective Tax Rate %	6.49%	106.52%	-2.21%	40.43%	89.38%	17.79%	37.54%	37.64%	37.64%	24.69%
Net Income	-108.55M▲ 0%	6.9M▲ 106.4%	-8.22M▼ 219.2%	181.73M▲ 2311.1%	-148.15M▼ 181.5%	-194.4M▼ 31.2%	502.77M▲ 358.6%	-200.65M▼ 139.9%	-200.65M▲ 0.0%	119.82M▲ 0%
Net Margin %	-15.27%	0.7%	-0.78%	12.66%	-22.88%	-31.87%	87.62%	-19.54%	-19.54%	9.04%
Net Income Growth %	-40.44%	106.36%	-219.15%	2311.14%	-181.52%	-31.21%	358.63%	-139.91%	0%	133.3%
Net Income (Continuing)	-112.61M	1.89M	-20.46M	149.81M	4.62M	-137.85M	172.03M	-224.63M	-224.63M	119.82M
Discontinued Operations	0	0	0	0	-171.14M	-56.55M	330.75M	23.98M	23.98M	0
Minority Interest	92.33M	88.19M	81.42M	32.8M	149.74M	196.35M	0	0	0	0
EPS (Diluted)	-4.57▲ 0%	0.29▲ 106.3%	-0.34▼ 217.2%	0.72▲ 311.8%	-0.13▼ 118.1%	-5.77▼ 4338.5%	14.40▲ 349.6%	-5.68▼ 139.4%	-5.68▲ 0.0%	3.34▲ 0%
EPS Growth %	-46.47%	106.35%	-217.24%	311.76%	-118.06%	-4338.46%	349.57%	-139.44%	0%	119.26%
EPS (Basic)	-4.57	0.29	-0.34	0.72	-0.12	-5.77	14.51	-5.68	-5.68	-
Diluted Shares Outstanding	23.77M	23.99M	23.99M	24.02M	24.2M	34.26M	34.93M	35.3M	35.86M	35.88M
Basic Shares Outstanding	23.77M	23.99M	23.99M	24M	24.2M	34.26M	34.65M	35.3M	35.85M	35.88M
Dividend Payout Ratio	-	-	-	-	-	-	24.17%	-	-	-

SPHR Balance Sheet

Sphere Entertainment Co. (SPHR) balance sheet — assets, liabilities & shareholders' equity

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Total Current Assets	1.45B	1.35B	1.35B	1.43B	1.87B	1.22B	623.91M	865.7M	865.7M	903.57M
Cash & Short-Term Investments	1.24B	1.23B	1.19B	1.24B	1.52B	747.31M	131.97M	559.76M	559.76M	630.15M
Cash Only	1.24B	1.23B	1.08B	906.55M	1.52B	747.31M	131.97M	559.76M	559.76M	630.15M
Short-Term Investments	0	0	108.42M	337.19M	0	0	0	0	0	0
Accounts Receivable	102.08M	82.42M	89.64M	84.1M	216.53M	126.36M	160.17M	241.47M	180.35M	201.76M
Days Sales Outstanding	52.4	30.42	31.19	21.38	122.06	75.6	101.88	85.83	64.11	53.48
Inventory	0	0	0	0	0	0	0	11.89M	12.58M	0
Days Inventory Outstanding	-	-	-	-	-	-	-	7.92	5.71	8.44
Other Current Assets	86.17M	33.61M	42.57M	36.53M	22.98M	329.83M	308.33M	21.71M	80.62M	71.66M
Total Non-Current Assets	2.26B	1.93B	1.97B	2.31B	3.42B	4.3B	4.35B	3.92B	3.92B	3.32B
Property, Plant & Equipment	1.16B	1.23B	1.35B	1.88B	2.44B	2.22B	3.39B	3.26B	3.13B	2.72B
Fixed Asset Turnover	0.61x	0.81x	0.78x	0.76x	0.27x	0.27x	0.17x	0.31x	0.33x	0.47x
Goodwill	380.09M	165.56M	165.56M	74.31M	502.19M	456.81M	456.81M	470.15M	410.17M	344.77M
Intangible Assets	423.82M	297.95M	279.81M	214.23M	262.07M	21.02M	17.91M	31.94M	28.38M	20.16M
Long-Term Investments	242.29M	209.95M	84.56M	52.62M	49.22M	40.3M	395.61M	30.73M	36.82M	150.63M
Other Non-Current Assets	57.55M	35.96M	89.96M	85.1M	166.78M	1.56B	86.71M	124.49M	317.18M	784.72M
Total Assets	3.71B▲ 0%	3.29B▼ 11.4%	3.32B▲ 0.9%	3.73B▲ 12.6%	5.29B▲ 41.7%	5.52B▲ 4.4%	4.97B▼ 9.9%	4.79B▼ 3.7%	4.79B▲ 0.0%	4.22B▲ 0%
Asset Turnover	0.19x	0.30x	0.32x	0.38x	0.12x	0.11x	0.12x	0.21x	0.21x	0.32x
Asset Growth %	4.76%	-11.45%	0.85%	12.6%	41.69%	4.39%	-9.94%	-3.72%	0%	-34.01%
Total Current Liabilities	762.04M	483.86M	474.05M	509.97M	729.87M	961.1M	692.14M	1.37B	1.37B	742.66M
Accounts Payable	24.08M	28.29M	23.97M	17.26M	26.64M	2.01M	39.65M	18.88M	14.78M	36.48M
Days Payables Outstanding	17	16.25	13.05	7.97	37	2.3	42.29	12.58	6.7	22.54
Short-Term Debt	0	4.37M	6.04M	5.43M	53.97M	66M	82.5M	849.44M	849.44M	74.2M
Deferred Revenue (Current)	0	216.34M	186.88M	189.31M	209.65M	4.32M	27.34M	80.4M	80.4M	628.69M
Other Current Liabilities	407.76M	70.22M	82.41M	68.84M	0	607.56M	0	0	264.7M	438.46M
Current Ratio	1.90x	2.80x	2.84x	2.80x	2.57x	1.27x	0.90x	0.63x	0.63x	0.63x
Quick Ratio	1.90x	2.80x	2.84x	2.80x	2.57x	1.27x	0.90x	0.62x	0.62x	0.62x
Cash Conversion Cycle	-	-	-	-	-	-	-	81.18	63.11	39.37
Total Non-Current Liabilities	450.22M	237.61M	188.25M	334.8M	2.24B	2.4B	1.7B	998.66M	998.66M	1.23B
Long-Term Debt	105.43M	101.33M	48.56M	28.13M	1.65B	929.53M	1.12B	522.74M	522.74M	752.7M
Capital Lease Obligations	0	0	0	174.22M	233.56M	84.42M	110.26M	128.02M	128.02M	446.86M
Deferred Tax Liabilities	0	23.34M	22.97M	12.45M	200.32M	144.39M	379.55M	225.17M	225.17M	804.48M
Other Non-Current Liabilities	344.79M	112.93M	116.72M	120M	157.26M	1.24B	88.81M	122.74M	122.74M	1.47B
Total Liabilities	1.21B	721.47M	662.29M	844.77M	2.97B	3.36B	2.39B	2.37B	2.37B	1.97B
Total Debt	105.43M	105.7M	54.6M	261.16M	2.01B	1.09B	1.32B	1.52B	1.52B	938.37M
Net Debt	-1.13B	-1.12B	-1.03B	-645.39M	494.59M	339.19M	1.19B	958.99M	958.99M	308.22M
Debt / Equity	0.04x	0.04x	0.02x	0.09x	0.87x	0.50x	0.51x	0.63x	0.63x	0.63x
Debt / EBITDA	-	1.31x	0.86x	0.75x	10.79x	-	-	-	45.34x	4.78x
Net Debt / EBITDA	-	-13.86x	-16.12x	-1.86x	2.65x	-	-	-	28.63x	28.63x
Interest Coverage	-61.52x	-1.38x	-2.58x	7.88x	3.15x	-8.21x	-	-3.51x	-3.51x	5.91x
Total Equity	2.5B▲ 0%	2.57B▲ 2.6%	2.65B▲ 3.4%	2.89B▲ 8.9%	2.32B▼ 19.8%	2.16B▼ 6.8%	2.58B▲ 19.6%	2.42B▼ 6.5%	2.42B▲ 0.0%	2.25B▲ 0%
Equity Growth %	-3.32%	2.63%	3.4%	8.87%	-19.75%	-6.84%	19.65%	-6.51%	0%	-4.7%
Book Value per Share	105.21	106.96	110.60	120.28	95.78	63.04	73.97	68.43	67.36	62.65
Total Shareholders' Equity	2.41B	2.48B	2.57B	2.86B	2.17B	1.96B	2.58B	2.42B	2.42B	2.25B
Common Stock	249K	2.53B	2.62B	240K	340K	342K	347K	354K	354K	368K
Retained Earnings	-148.41M	-46.92M	0	142.3M	-96.34M	-290.74M	212.04M	11.39M	11.39M	-181.98M
Treasury Stock	-242.08M	0	0	0	0	0	0	0	0	-50.02M
Accumulated OCI	-34.12M	-46.92M	-46.92M	-51.86M	-30.27M	-48.35M	-4.94M	-6.57M	-6.57M	-1.14M
Minority Interest	92.33M	88.19M	81.42M	32.8M	149.74M	196.35M	0	0	0	0

SPHR Cash Flow Statement

Sphere Entertainment Co. (SPHR) cash flow — operating, investing & free cash flow history

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Cash from Operations	96.31M	144.38M	101.4M	308.12M	-58.69M	141.34M	153.59M	-19.66M	-19.66M	-19.66M
Operating CF Margin %	13.55%	14.6%	9.67%	21.46%	-9.06%	23.17%	26.77%	-1.91%	-1.91%	-
Operating CF Growth %	-23.43%	49.91%	-29.77%	203.87%	-119.05%	340.81%	8.67%	-112.8%	0%	4881.09%
Net Income	-112.61M	1.89M	-20.46M	149.81M	-166.52M	-190.15M	505.68M	-200.65M	-462.47M	119.82M
Depreciation & Amortization	98.07M	112.06M	109.34M	112.06M	122M	124.63M	103.38M	256.49M	365.43M	252.18M
Stock-Based Compensation	22.18M	27.29M	35.4M	61.42M	70.58M	77.14M	62.66M	48.01M	68.19M	37.41M
Deferred Taxes	-7.81M	-31.27M	-371K	8.7M	-71.36M	-31.27M	123.47M	-132.54M	0	41.56M
Other Non-Cash Items	71.88M	6.38M	579K	-11.48M	-16.42M	97.82M	-769M	168.54M	168.7M	-120.77M
Working Capital Changes	24.61M	28.04M	-23.09M	-12.39M	3.02M	63.17M	127.41M	-159.51M	-159.51M	47.5M
Change in Receivables	-13.32M	-1.92M	4.04M	-251K	-10.04M	-30.75M	7.1M	-115.1M	-115.1M	-9.52M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	2.02M	5.31M	-4.31M	-6.23M	-5.27M	78.44M	117.28M	-28.06M	-28.06M	-9.27M
Cash from Investing	-260.06M	-169.62M	-237.74M	-394.53M	-123.18M	-804.16M	-653.92M	-45.18M	-45.18M	8.66M
Capital Expenditures	-41.83M	-187.36M	-193.68M	-457.3M	-456.01M	-805.22M	-1.18B	-289.75M	-97.88M	-34.85M
CapEx % of Revenue	5.88%	18.94%	18.46%	31.85%	70.42%	131.99%	204.77%	28.22%	9.53%	-
Acquisitions	-199.48M	-17.36M	73.04M	227.47M	197K	1.06M	516.73M	246.35M	-2.52M	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.47M	35.1M	-4.41M	62.59M	-28.56M	0	0	-1.78M	55.22M	43.52M
Cash from Financing	-38.63M	15.36M	-8.62M	-113.87M	592.68M	-30.39M	85.54M	209.73M	209.73M	-229.3M
Debt Issued (Net)	0	-688K	-54.86M	43.75M	598.75M	24.1M	227.79M	232.79M	232.79M	-140.27M
Equity Issued (Net)	0	0	0	-293.53M	0	0	0	8.83M	-34.6M	6.5M
Dividends Paid	0	0	0	0	-1.77M	-2.26M	-121.51M	0	0	0
Share Repurchases	0	0	0	-293.53M	0	0	0	0	-34.6M	16K
Other Financing	-38.63M	16.04M	46.24M	135.91M	-4.29M	-52.24M	-20.74M	-31.88M	11.55M	-95.54M
Net Change in Cash	-202.37M▲ 0%	-9.55M▲ 95.3%	-140.29M▼ 1368.7%	-197.35M▼ 40.7%	418.83M▲ 312.2%	-693.97M▼ 265.7%	-416.9M▲ 39.9%	144.12M▲ 134.6%	144.12M▲ 0.0%	151.95M▲ 0%
Free Cash Flow	54.48M▲ 0%	-42.98M▼ 178.9%	-92.28M▼ 114.7%	-149.18M▼ 61.7%	-514.7M▼ 245.0%	-663.88M▼ 29.0%	-1.02B▼ 53.9%	-309.41M▲ 69.7%	-309.41M▲ 0.0%	338.38M▲ 0%
FCF Margin %	7.66%	-4.35%	-8.8%	-10.39%	-79.49%	-108.82%	-178%	-30.13%	-30.13%	25.52%
FCF Growth %	-56.68%	-178.88%	-114.71%	-61.66%	-245.03%	-28.98%	-53.86%	69.71%	0%	688.33%
FCF per Share	2.29	-1.79	-3.85	-6.21	-21.26	-19.38	-29.24	-8.76	-8.63	-8.63
FCF Conversion (FCF/Net Income)	-0.89x	20.93x	-12.34x	1.70x	0.40x	-0.73x	0.31x	0.10x	0.10x	2.82x
Interest Paid	0	0	0	0	0	0	0	0	106.06M	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

SPHR Key Ratios

Sphere Entertainment Co. (SPHR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	-4.27%	0.27%	-0.31%	6.56%	-5.69%	-8.68%	21.2%	-8.03%	-8.31%	5.36%
Return on Invested Capital (ROIC)	-5.88%	-1.67%	-2.23%	9.12%	1.91%	-4.68%	-6.53%	-7.16%	-4.96%	-4.96%
Gross Margin	27.28%	35.77%	36.06%	44.95%	59.4%	47.5%	40.36%	46.65%	21.67%	48.29%
Net Margin	-15.27%	0.7%	-0.78%	12.66%	-22.88%	-31.87%	87.62%	-19.54%	-19.54%	9.04%
Debt / Equity	0.04x	0.04x	0.02x	0.09x	0.87x	0.50x	0.51x	0.63x	0.63x	0.63x
Interest Coverage	-61.52x	-1.38x	-2.58x	7.88x	3.15x	-8.21x	-	-3.51x	-3.51x	5.91x
FCF Conversion	-0.89x	20.93x	-12.34x	1.70x	0.40x	-0.73x	0.31x	0.10x	0.10x	2.82x
Revenue Growth	-36.25%	39.09%	6.06%	36.91%	-54.91%	-5.78%	-5.94%	78.95%	0%	21.62%

SPHR SEC Filings & Documents

Sphere Entertainment Co. (SPHR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Feb 3, 2026·SEC

10-K Annual Reports

FY 2026

Feb 12, 2026·SEC

FY 2024

Aug 14, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 11, 2025·SEC

SPHR Frequently Asked Questions

Sphere Entertainment Co. (SPHR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Sphere Entertainment Co. (SPHR) reported $1.33B in revenue for fiscal year 2025. This represents a 19% increase from $1.12B in 2015.

Sphere Entertainment Co. (SPHR) grew revenue by 0.0% over the past year. Growth has been modest.

Yes, Sphere Entertainment Co. (SPHR) is profitable, generating $119.8M in net income for fiscal year 2025 (-19.5% net margin).

Dividend & Returns

Sphere Entertainment Co. (SPHR) has a return on equity (ROE) of -8.3%. Negative ROE indicates the company is unprofitable.

Sphere Entertainment Co. (SPHR) generated $338.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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