Last 42 quarters of trend data · Communication Services · Entertainment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 173.31 | — | — | 19.33 | — | 3.08 | — | — | — | — | — | — | 4.92 | 0.45 | — | 2.66 | — | — | — | 116.04 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -97.7% | — | — | — | — | — | |
| P/S Ratio | 3.78 | 4.99 | 2.73 | 2.82 | 2.14 | 1.66 | 1.05 | 1.18 | 1.73 | 1.14 | 1.35 | 0.95 | 2.77 | — | 1.46 | 1.13 | 1.42 | 0.46 | 0.94 | 0.54 | 0.97 |
| — | +200.7% | +158.9% | +139.6% | +23.9% | +45.4% | -22.2% | +23.5% | -37.7% | — | -7.5% | -15.5% | +95.0% | — | +56.0% | +108.6% | +46.4% | -80.4% | -37.6% | -77.9% | -38.7% | |
| P/B Ratio | 2.60 | 2.80 | 1.87 | 2.00 | 1.04 | 0.81 | 0.55 | 0.66 | 0.68 | 0.52 | 0.71 | 0.49 | 0.50 | 0.37 | 0.44 | 0.33 | 0.33 | 0.39 | 0.58 | 0.49 | 0.52 |
| — | +245.7% | +239.7% | +202.1% | +53.3% | +56.9% | -22.5% | +35.8% | +37.1% | +38.2% | +63.2% | +49.1% | +49.2% | -3.3% | -25.4% | -33.8% | -36.4% | -4.5% | +19.6% | -19.1% | +35.5% | |
| P/FCF | 24.16 | — | 8.02 | 6.75 | 5.07 | — | — | 14.39 | 25.30 | — | 5.33 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | -53.1% | -79.9% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 26.86 | 71.63 | 11.89 | 10.58 | — | 18.80 | 96.90 | — | — | 50.32 | 16.45 | — | — | — | — | — | — | — | 16.97 | 7.10 | — |
| — | +281.0% | -87.7% | — | — | -62.6% | +489.0% | — | — | — | — | — | — | — | — | — | — | — | -93.4% | — | — | |
| EV / EBIT | — | — | 147.57 | 38.93 | — | 2.12 | — | 17.61 | — | — | — | — | — | 1.68 | — | — | — | — | — | 29.56 | — |
| — | — | — | +121.0% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.6% | 51.8% | 56.1% | 58.6% | 47.8% | 53.5% | 43.6% | 47.0% | 38.7% | 45.3% | 52.1% | 49.1% | 28.4% | 44.0% | 42.2% | 43.3% | 38.7% | 37.2% | 43.8% | 42.6% | 43.7% |
| — | -3.2% | +28.7% | +24.5% | +23.5% | +18.2% | -16.3% | -4.3% | +36.3% | +3.0% | +23.4% | +13.4% | -26.7% | +18.2% | -3.7% | +1.6% | -11.4% | +12.1% | -9.9% | -5.7% | +4.5% | |
| Operating Margin | -12.2% | -19.4% | 2.8% | 8.1% | -49.4% | -17.7% | -28.0% | -46.4% | -51.6% | -26.1% | -12.6% | -50.8% | -59.1% | 38.3% | -62.9% | -31.2% | -41.5% | -12.5% | 0.2% | 6.8% | -28.3% |
| — | -9.5% | +109.9% | +117.4% | +4.2% | +32.0% | -122.9% | +8.8% | +12.7% | -168.2% | +80.0% | -63.0% | -42.6% | +406.1% | -25547.6% | -555.4% | -46.5% | +87.8% | +101.4% | +124.7% | +17.8% | |
| Net Margin | 2.7% | -12.2% | 1.2% | 16.4% | -38.5% | 53.7% | -29.2% | -40.9% | -46.2% | -17.0% | -14.7% | -55.1% | 56.3% | -94.9% | -35.1% | 42.4% | -36.3% | -22.0% | -5.0% | 0.4% | -26.9% |
| — | -122.8% | +104.0% | +140.2% | +16.6% | +415.2% | -98.7% | +25.9% | -182.1% | +82.0% | +58.1% | -230.2% | +254.9% | -330.6% | -607.0% | +9534.2% | -35.1% | +81.3% | +41.8% | +101.3% | -28.2% |
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.4% | -1.7% | 0.2% | 3.0% | -4.5% | 6.8% | -3.8% | -5.6% | -4.5% | -1.9% | -1.9% | -6.8% | 2.5% | 22.6% | -2.6% | 3.1% | -2.1% | -4.5% | -0.8% | 0.1% | -3.5% |
| — | -125.1% | +105.3% | +152.9% | -1.7% | +455.4% | -96.1% | +17.9% | -274.9% | -108.5% | +25.8% | -316.8% | +221.2% | +599.0% | -235.9% | +2975.1% | +40.3% | +4.9% | -13.0% | +105.0% | -179.4% | |
| ROA | 0.7% | -0.9% | 0.1% | 1.6% | -2.4% | 3.5% | -1.8% | -2.8% | -2.2% | -1.0% | -1.0% | -3.6% | 1.4% | 9.7% | -1.0% | 1.2% | -0.8% | -1.8% | -0.3% | 0.0% | -1.5% |
| — | -125.2% | +105.8% | +156.1% | -8.1% | +464.0% | -88.8% | +22.2% | -266.2% | -109.9% | -1.4% | -396.5% | +265.2% | +641.0% | -203.2% | +2754.3% | +45.5% | +28.2% | +29.0% | +102.9% | -53.3% | |
| ROIC | -3.7% | -1.7% | 0.3% | 0.9% | -3.4% | -1.2% | -1.9% | -3.3% | -2.7% | -1.6% | -0.9% | -3.5% | -1.4% | -4.1% | -1.8% | -0.9% | -1.2% | -1.4% | 0.0% | 0.9% | -2.2% |
| — | -42.1% | +116.4% | +126.4% | -27.5% | +23.3% | -105.7% | +4.2% | -85.1% | +60.5% | +49.4% | -281.6% | -19.9% | -182.4% | -9143.4% | -205.7% | +44.6% | +52.7% | +101.5% | +152.0% | -7.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.43 | 0.43 | 0.42 | 0.43 | 0.46 | 0.44 | 0.68 | 0.68 | 0.65 | 0.63 | 0.63 | 0.62 | 0.50 | 0.51 | 1.04 | 1.15 | 1.07 | 0.50 | 0.95 | 0.96 | 0.97 |
| — | -2.2% | -38.8% | -36.4% | -28.3% | -30.0% | +8.3% | +8.6% | +28.7% | +23.0% | -39.7% | -45.7% | -52.8% | +1.6% | +9.4% | +19.6% | +9.7% | -42.0% | +183.0% | +200.7% | +989.2% | |
| Debt / EBITDA | 5.11 | 41.14 | 9.87 | 8.29 | — | 30.18 | 260.11 | — | — | 138.57 | 39.01 | — | — | — | — | — | — | — | 59.09 | 30.33 | — |
| — | +36.3% | -96.2% | — | — | -78.2% | +566.7% | — | — | — | — | — | — | — | — | — | — | — | -94.2% | — | — | |
| Current Ratio | 1.07 | 1.07 | 1.22 | 1.09 | 0.96 | 1.13 | 0.53 | 0.55 | 0.56 | 0.63 | 0.65 | 0.63 | 1.05 | 0.90 | 0.85 | 0.95 | 0.91 | 1.27 | 1.51 | 1.88 | 2.24 |
| — | -5.6% | +128.6% | +96.4% | +70.8% | +79.3% | -18.7% | -11.7% | -46.6% | -30.1% | -22.9% | -33.9% | +14.7% | -28.9% | -43.8% | -49.5% | -59.2% | -50.6% | -49.7% | -46.6% | -14.3% | |
| Quick Ratio | 1.05 | 1.05 | 1.22 | 1.07 | 0.94 | 1.11 | 0.52 | 0.55 | 0.55 | 0.62 | 0.65 | 0.63 | 1.04 | 0.90 | 0.85 | 0.94 | 0.90 | 1.27 | 1.51 | 1.88 | 2.24 |
| — | -5.3% | +132.8% | +96.2% | +70.9% | +77.9% | -20.0% | -13.1% | -47.5% | -31.0% | -23.1% | -32.9% | +16.3% | -28.9% | -43.8% | -50.3% | -59.9% | -50.6% | -49.7% | -46.6% | -14.3% | |
| Interest Coverage | 1.81 | -6.89 | 0.95 | 3.47 | -13.54 | 11.59 | -2.90 | 1.14 | -4.13 | -2.46 | -1.33 | -6.00 | — | — | — | — | — | -28.79 | -1.52 | 2.11 | -9.33 |
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Includes 30+ ratios · 42 years · Updated daily
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Quick answers to the most common questions about buying SPHR stock.
Sphere Entertainment Co.'s current P/E is 173.3x. The average P/E over the last 1 quarters is 19.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Sphere Entertainment Co.'s current operating margin is -12.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Sphere Entertainment Co.'s business trajectory between earnings reports.