Starz Entertainment Corp. (STRZ) 10-Year Financial Performance & Capital Metrics

STRZ • • Industrial / General

Communication ServicesEntertainmentMedia Networks & BroadcastingCable & Premium Networks

AboutStarz Entertainment Corp. provides subscription video programming to consumers in the United States and Canada. Its business consists of the distribution of STARZ-branded premium subscription video services through over-the-top platforms and distributors on a direct to-consumer basis through the STARZ-branded app and through multichannel video programming distributors. The company is based in Vancouver, Canada.Show more

Revenue $1.37B -1.6%
EBITDA $646M +699.9%
Net Income -$211M +76.9%
EPS (Diluted) -12.63 +86.6%
Gross Margin 48.74% -3.0%
EBITDA Margin 47.17% +709.9%
Operating Margin -12.44% +80.8%
Net Margin -15.42% +76.5%
ROE -72.93% +62.5%
ROIC -5.38% +68.3%
Debt/Equity 1.42
Interest Coverage -3.74 -25.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.2x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 18.8% over 5 years
✗Shares diluted 43.2% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.45%

5Y-18.84%

3Y-27.57%

TTM-42.71%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM11.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM82.19%

ROCE

10Y Avg-3.8%

5Y Avg-9.98%

3Y Avg-17.87%

Latest-7.33%

Peer Comparison

Cable & Premium Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
STRZStarz Entertainment Corp.	183.71M	10.98	-0.87	-1.64%	-13.92%	-40.76%		1.42
PSKYParamount Skydance Corporation Class B Common Stock	12.68B	11.83	-1.27	-1.48%	0.52%	1.13%	3.86%	0.94
AMCXAMC Networks Inc.	269.16M	8.40	-1.87	-10.71%	-6.03%	-12.21%	100%	2.59

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	2.35B	3.2B	4.13B	3.68B	3.89B	3.27B	3.6B	1.42B	1.39B	1.37B
Revenue Growth %	-0.02%	0.36%	0.29%	-0.11%	0.06%	-0.16%	0.1%	-0.61%	-0.02%	-0.02%
Cost of Goods Sold+	1.41B	1.95B	2.43B	2.17B	2.37B	1.87B	2.29B	715.9M	692.6M	702M
COGS % of Revenue	0.6%	0.61%	0.59%	0.59%	0.61%	0.57%	0.64%	0.5%	0.5%	0.51%
Gross Profit+	937.5M	1.25B	1.7B	1.51B	1.52B	1.4B	1.31B	706.6M	699.8M	667.6M
Gross Margin %	0.4%	0.39%	0.41%	0.41%	0.39%	0.43%	0.36%	0.5%	0.5%	0.49%
Gross Profit Growth %	-0.14%	0.33%	0.36%	-0.11%	0%	-0.07%	-0.06%	-0.46%	-0.01%	-0.05%
Operating Expenses+	922.3M	1.16B	1.35B	1.28B	1.44B	1.19B	1.29B	2.05B	1.6B	838M
OpEx % of Revenue	0.39%	0.36%	0.33%	0.35%	0.37%	0.36%	0.36%	1.44%	1.15%	0.61%
Selling, General & Admin	922.3M	1.16B	1.35B	1.28B	1.44B	1.19B	1.29B	547.5M	552.8M	483.6M
SG&A % of Revenue	0.39%	0.36%	0.33%	0.35%	0.37%	0.36%	0.36%	0.38%	0.4%	0.35%
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	1.51B	1.05B	354.4M
Operating Income+	15.2M	84.4M	342M	230.9M	76.1M	218.2M	22.6M	-1.35B	-903.5M	-170.4M
Operating Margin %	0.01%	0.03%	0.08%	0.06%	0.02%	0.07%	0.01%	-0.95%	-0.65%	-0.12%
Operating Income Growth %	-0.94%	4.55%	3.05%	-0.32%	-0.67%	1.87%	-0.9%	-60.65%	0.33%	0.81%
EBITDA+	1.06B	1.56B	2.14B	1.91B	1.98B	1.6B	1.77B	-538.3M	-107.7M	646.1M
EBITDA Margin %	0.45%	0.49%	0.52%	0.52%	0.51%	0.49%	0.49%	-0.38%	-0.08%	0.47%
EBITDA Growth %	-0.07%	0.48%	0.37%	-0.11%	0.04%	-0.19%	0.11%	-1.3%	0.8%	7%
D&A (Non-Cash Add-back)	1.04B	1.48B	1.8B	1.68B	1.9B	1.38B	1.75B	809.9M	795.8M	816.5M
EBIT	21.1M	-19.2M	342.4M	-74M	-8.9M	108.6M	-16.8M	-1.3B	-886.3M	-178.3M
Net Interest Income+	-53M	-108.8M	-183.3M	-179.2M	-168.2M	-114.1M	-129.1M	-287.2M	-282.3M	-40.7M
Interest Income	1.9M	6.4M	10.4M	12M	8.8M	5.8M	28.1M	6.4M	22.1M	4.9M
Interest Expense	54.9M	115.2M	193.7M	191.2M	177M	119.9M	157.2M	293.6M	304.4M	45.6M
Other Income/Expense	-49M	-218.8M	-193.3M	-496.1M	-279.2M	-235.6M	-199.6M	-6M	-30M	-53.5M
Pretax Income+	-33.8M	-134.4M	148.7M	-265.2M	-203.1M	-17.4M	-177M	-1.35B	-933.5M	-223.9M
Pretax Margin %	-0.01%	-0.04%	0.04%	-0.07%	-0.05%	-0.01%	-0.05%	-0.95%	-0.67%	-0.16%
Income Tax+	-76.5M	-148.9M	-319.4M	-8.5M	3.3M	17.1M	28.4M	-18.3M	-128.9M	-8.6M
Effective Tax Rate %	-1.49%	-0.11%	3.18%	1.07%	0.93%	1.09%	1.06%	1.38%	0.98%	0.94%
Net Income+	50.2M	14.8M	473.6M	-284.2M	-188.4M	-18.9M	-188.2M	-1.87B	-915.2M	-211.2M
Net Margin %	0.02%	0%	0.11%	-0.08%	-0.05%	-0.01%	-0.05%	-1.32%	-0.66%	-0.15%
Net Income Growth %	-0.72%	-0.71%	31%	-1.6%	0.34%	0.9%	-8.96%	-8.94%	0.51%	0.77%
Net Income (Continuing)	42.7M	14.5M	468.1M	-256.7M	-206.4M	-34.5M	-205.4M	-1.34B	-804.6M	-215.3M
Discontinued Operations	0	0	0	0	0	0	0	-535.1M	-110.6M	4.1M
Minority Interest	90.5M	93.8M	102.8M	130.8M	169.8M	220.7M	323M	345.1M	125.5M	0
EPS (Diluted)+	13.20	1.80	43.00	-26.60	-17.20	-1.71	-16.80	-176.40	-94.40	-12.63
EPS Growth %	-0.73%	-0.86%	22.89%	-1.62%	0.35%	0.9%	-8.8%	-9.5%	0.46%	0.87%
EPS (Basic)	13.60	1.80	45.40	-26.60	-17.20	-1.71	-16.80	-176.40	-94.40	-12.63
Diluted Shares Outstanding	3.85M	8.61M	11.02M	10.69M	10.89M	11.03M	11.21M	11.39M	11.68M	16.72M
Basic Shares Outstanding	3.71M	8.25M	10.42M	10.69M	10.89M	11.03M	11.21M	11.39M	11.68M	16.72M
Dividend Payout Ratio	0.95%	1.81%	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	867.6M	1.69B	1.77B	1.39B	1.31B	1.19B	1.06B	1.12B	1.46B	170.5M
Cash & Short-Term Investments	60.6M	324.7M	378.1M	184.3M	318.2M	528.7M	384.6M	300M	357.7M	17.8M
Cash Only	60.6M	324.7M	378.1M	184.3M	318.2M	528.7M	384.6M	300M	357.7M	17.8M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	760.1M	1.05B	1.09B	743.9M	619.1M	477.7M	611M	775.1M	1.01B	134.3M
Days Sales Outstanding	118.19	120.17	96.12	73.77	58.09	53.3	61.87	198.88	265.28	35.79
Inventory	20.7M	285.6M	273.5M	315.6M	323.9M	14.3M	14.1M	0	0	0
Days Inventory Outstanding	5.36	53.33	41.01	53.17	49.81	2.8	2.25	-	-	-
Other Current Assets	26.2M	26.1M	34.1M	150.6M	46.9M	166M	48.4M	43.3M	93.8M	18.4M
Total Non-Current Assets+	2.97B	7.51B	7.19B	7.01B	6.64B	7.12B	7.93B	6.31B	5.63B	2B
Property, Plant & Equipment	43.4M	165.5M	161.7M	155.3M	277.8M	218.1M	251.9M	258.5M	477.3M	85.9M
Fixed Asset Turnover	54.09x	19.34x	25.54x	23.70x	14.00x	15.00x	14.31x	5.50x	2.92x	15.94x
Goodwill	534.8M	2.7B	2.74B	2.83B	2.83B	2.76B	2.76B	1.29B	811.2M	0
Intangible Assets	11.4M	2.05B	1.94B	1.87B	1.72B	1.58B	1.44B	1.3B	991.8M	1.91B
Long-Term Investments	686.4M	684.6M	490.1M	202.3M	104.4M	2.37B	3.14B	3.11B	2.97B	4.5M
Other Non-Current Assets	1.56B	1.89B	1.83B	1.93B	1.71B	196.7M	335.9M	350.1M	383.3M	0
Total Assets+	3.83B	9.2B	8.97B	8.41B	7.95B	8.31B	8.99B	7.43B	7.09B	2.17B
Asset Turnover	0.61x	0.35x	0.46x	0.44x	0.49x	0.39x	0.40x	0.19x	0.20x	0.63x
Asset Growth %	0.12%	1.4%	-0.02%	-0.06%	-0.05%	0.04%	0.08%	-0.17%	-0.04%	-0.69%
Total Current Liabilities+	1.74B	1.69B	2.41B	1.65B	1.51B	1.69B	2.4B	2.57B	3.99B	622.5M
Accounts Payable	341.7M	573M	428.6M	530.6M	490.7M	501.4M	541.6M	1.1B	1.2B	64.5M
Days Payables Outstanding	88.46	107	64.27	89.38	75.47	98.03	86.33	561.6	630.29	33.54
Short-Term Debt	703.3M	445.1M	1.28B	566.2M	457.6M	514.4M	1.22B	1.1B	913.7M	332.7M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	450.5M	514.9M	523.6M	409.1M	442.8M	511.4M	471.3M	97.3M	1.55B	-184.6M
Current Ratio	0.50x	1.00x	0.73x	0.84x	0.87x	0.70x	0.44x	0.44x	0.37x	0.27x
Quick Ratio	0.49x	0.83x	0.62x	0.65x	0.65x	0.69x	0.43x	0.44x	0.37x	0.27x
Cash Conversion Cycle	35.09	66.5	72.87	37.55	32.44	-41.94	-22.21	-	-	-
Total Non-Current Liabilities+	1.15B	4.9B	3.3B	3.71B	3.62B	3.6B	3.58B	3.73B	3.29B	784.3M
Long-Term Debt	876.9M	3.92B	2.6B	2.95B	2.72B	2.86B	2.93B	2.99B	2.16B	699.9M
Capital Lease Obligations	51.7M	51.7M	45.3M	42.4M	169M	119.9M	159.3M	159.2M	385.1M	45.6M
Deferred Tax Liabilities	158.48M	440.2M	91.9M	56.5M	36.6M	40.3M	38.8M	31.8M	13.3M	8.5M
Other Non-Current Liabilities	-17.38M	410M	484.7M	593.8M	626.9M	521.8M	404.5M	488.3M	606.4M	30.3M
Total Liabilities	2.89B	6.59B	5.71B	5.36B	5.12B	5.29B	5.99B	6.3B	7.28B	1.41B
Total Debt+	1.63B	4.42B	3.93B	3.56B	3.35B	3.5B	4.31B	4.25B	3.46B	1.09B
Net Debt	1.57B	4.1B	3.55B	3.38B	3.03B	2.97B	3.92B	3.95B	3.11B	1.07B
Debt / Equity	1.73x	1.70x	1.20x	1.17x	1.18x	1.16x	1.43x	3.76x	-	1.42x
Debt / EBITDA	1.54x	2.83x	1.83x	1.86x	1.69x	2.19x	2.44x	-	-	1.68x
Net Debt / EBITDA	1.49x	2.62x	1.66x	1.77x	1.53x	1.86x	2.22x	-	-	1.66x
Interest Coverage	0.28x	0.73x	1.77x	1.21x	0.43x	1.82x	0.14x	-4.59x	-2.97x	-3.74x
Total Equity+	940.8M	2.61B	3.26B	3.05B	2.83B	3.01B	3B	1.13B	-187.2M	766.4M
Equity Growth %	0.12%	1.77%	0.25%	-0.06%	-0.07%	0.07%	-0%	-0.62%	-1.17%	5.09%
Book Value per Share	244.21	302.93	295.71	285.40	259.55	273.35	268.15	99.13	-16.03	45.83
Total Shareholders' Equity	850.3M	2.51B	3.16B	2.92B	2.66B	2.79B	2.68B	784.5M	-312.7M	766.4M
Common Stock	885.8M	2.52B	2.65B	2.79B	2.88B	2.96B	3.02B	3.1B	3.15B	747.2M
Retained Earnings	7.6M	10.6M	516.6M	208.7M	-16.9M	-82.9M	-369.7M	-2.44B	-3.58B	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-43.1M	-16M	-9.7M	-80.3M	-206M	-83.3M	29.3M	120.9M	116M	19.2M
Minority Interest	90.5M	93.8M	102.8M	130.8M	169.8M	220.7M	323M	345.1M	125.5M	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	12.1M	544.5M	381.3M	439.3M	607.8M	64.4M	-725.8M	-438.3M	-131.8M	-46M
Operating CF Margin %	0.01%	0.17%	0.09%	0.12%	0.16%	0.02%	-0.2%	-0.31%	-0.09%	-0.03%
Operating CF Growth %	-0.89%	44%	-0.3%	0.15%	0.38%	-0.89%	-12.27%	0.4%	0.7%	0.65%
Net Income	50.2M	14.8M	473.6M	-284.2M	-188.4M	-18.9M	-188.2M	-1.34B	-804.6M	-215.3M
Depreciation & Amortization	1.04B	1.48B	1.8B	1.68B	1.9B	1.38B	1.75B	809.9M	795.8M	816.5M
Stock-Based Compensation	0	0	0	0	0	0	0	25.7M	24.6M	18M
Deferred Taxes	-85.1M	-163.4M	-299.5M	-23.6M	-900K	3.4M	-1.7M	-25.1M	-60.5M	-2.5M
Other Non-Cash Items	37.4M	135.7M	90.5M	155.5M	128.2M	152.9M	255.7M	1.04B	721.3M	159.1M
Working Capital Changes	-1.03B	-919.7M	-1.68B	-1.09B	-1.24B	-1.45B	-2.54B	-953.3M	-808.4M	-821.8M
Change in Receivables	-144.9M	0	-8.6M	470.8M	397.5M	133.9M	-256.9M	-2.7M	-34.9M	3.7M
Change in Inventory	-1.07B	0	0	0	0	0	0	0	0	0
Change in Payables	28.9M	152.9M	-181.7M	41M	-31.8M	32.7M	1.4M	-12.9M	-79.6M	-38.2M
Cash from Investing+	-162.1M	-1.15B	292.6M	-121.7M	-51.7M	-31.1M	-80.5M	-42.5M	-24.8M	-99.2M
Capital Expenditures	-18.4M	-25.2M	-45.9M	-43.8M	-31.1M	-35M	-194.5M	-34.3M	-20.4M	-17.6M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.05%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	-4.3M	-8.2M	-4.4M	-81.6M
Cash from Financing+	105M	867.2M	-617.3M	-511.1M	-419.3M	173M	664.3M	428.1M	132M	126M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-47.5M	-26.8M	0	-57.4M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-24.2M	-47.8M	-31.1M	-811.1M	-9.1M	85.4M	-65.1M	575.7M	276.2M	75.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.3M	519.3M	335.4M	395.5M	576.7M	29.4M	-920.3M	-472.6M	-152.2M	-63.6M
FCF Margin %	-0%	0.16%	0.08%	0.11%	0.15%	0.01%	-0.26%	-0.33%	-0.11%	-0.05%
FCF Growth %	-1.06%	83.43%	-0.35%	0.18%	0.46%	-0.95%	-32.3%	0.49%	0.68%	0.58%
FCF per Share	-1.64	60.31	30.44	37.01	52.93	2.67	-82.13	-41.47	-13.03	-3.80
FCF Conversion (FCF/Net Income)	0.24x	36.79x	0.81x	-1.55x	-3.23x	-3.41x	3.86x	0.23x	0.14x	0.22x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	5.63%	0.83%	16.14%	-9.01%	-6.41%	-0.65%	-6.25%	-90.51%	-194.23%	-72.93%
Return on Invested Capital (ROIC)	0.49%	1.37%	3.8%	2.62%	0.93%	2.76%	0.26%	-16.85%	-16.95%	-5.38%
Gross Margin	39.94%	38.94%	41.05%	41.13%	38.99%	42.94%	36.47%	49.67%	50.26%	48.74%
Net Margin	2.14%	0.46%	11.47%	-7.72%	-4.84%	-0.58%	-5.22%	-131.53%	-65.73%	-15.42%
Debt / Equity	1.73x	1.70x	1.20x	1.17x	1.18x	1.16x	1.43x	3.76x	-	1.42x
Interest Coverage	0.28x	0.73x	1.77x	1.21x	0.43x	1.82x	0.14x	-4.59x	-2.97x	-3.74x
FCF Conversion	0.24x	36.79x	0.81x	-1.55x	-3.23x	-3.41x	3.86x	0.23x	0.14x	0.22x
Revenue Growth	-2.18%	36.38%	28.97%	-10.86%	5.69%	-15.9%	10.17%	-60.53%	-2.12%	-1.64%

Revenue by Segment

	2017	2018	2019
Motion Picture	1.92B	1.82B	1.46B
Motion Picture Growth	-	-5.13%	-19.63%
Media Networks	456.6M	1.53B	1.46B
Media Networks Growth	-	235.63%	-4.67%
Television Production	837.4M	805.3M	920.9M
Television Production Growth	-	-3.83%	14.35%
Intersegment Eliminations	-13.1M	-30.8M	-165.8M
Intersegment Eliminations Growth	-	-135.11%	-438.31%

Revenue by Geography

	2017	2018	2019
UNITED STATES	2.43B	3.38B	3.12B
UNITED STATES Growth	-	39.11%	-7.64%
Foreign Other than Canada	713.6M	697.8M	508M
Foreign Other than Canada Growth	-	-2.21%	-27.20%
CANADA	56M	48.3M	47.9M
CANADA Growth	-	-13.75%	-0.83%

Frequently Asked Questions

Growth & Financials

Starz Entertainment Corp. (STRZ) reported $1.94B in revenue for fiscal year 2025. This represents a 22% increase from $1.59B in 2012.

Starz Entertainment Corp. (STRZ) saw revenue decline by 1.6% over the past year.

Starz Entertainment Corp. (STRZ) reported a net loss of $270.3M for fiscal year 2025.

Dividend & Returns

Starz Entertainment Corp. (STRZ) has a return on equity (ROE) of -72.9%. Negative ROE indicates the company is unprofitable.

Starz Entertainment Corp. (STRZ) had negative free cash flow of $157.4M in fiscal year 2025, likely due to heavy capital investments.

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Starz Entertainment Corp. (STRZ) 10-Year Financial Performance & Capital Metrics

STRZ • • Industrial / General

Communication ServicesEntertainmentMedia Networks & BroadcastingCable & Premium Networks

Revenue $1.37B -1.6%
EBITDA $646M +699.9%
Net Income -$211M +76.9%
EPS (Diluted) -12.63 +86.6%
Gross Margin 48.74% -3.0%
EBITDA Margin 47.17% +709.9%
Operating Margin -12.44% +80.8%
Net Margin -15.42% +76.5%
ROE -72.93% +62.5%
ROIC -5.38% +68.3%
Debt/Equity 1.42
Interest Coverage -3.74 -25.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.2x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 18.8% over 5 years
✗Shares diluted 43.2% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.45%

5Y-18.84%

3Y-27.57%

TTM-42.71%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM11.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM82.19%

ROCE

10Y Avg-3.8%

5Y Avg-9.98%

3Y Avg-17.87%

Latest-7.33%

Peer Comparison

Cable & Premium Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
STRZStarz Entertainment Corp.	183.71M	10.98	-0.87	-1.64%	-13.92%	-40.76%		1.42
PSKYParamount Skydance Corporation Class B Common Stock	12.68B	11.83	-1.27	-1.48%	0.52%	1.13%	3.86%	0.94
AMCXAMC Networks Inc.	269.16M	8.40	-1.87	-10.71%	-6.03%	-12.21%	100%	2.59

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	2.35B	3.2B	4.13B	3.68B	3.89B	3.27B	3.6B	1.42B	1.39B	1.37B
Revenue Growth %	-0.02%	0.36%	0.29%	-0.11%	0.06%	-0.16%	0.1%	-0.61%	-0.02%	-0.02%
Cost of Goods Sold+	1.41B	1.95B	2.43B	2.17B	2.37B	1.87B	2.29B	715.9M	692.6M	702M
COGS % of Revenue	0.6%	0.61%	0.59%	0.59%	0.61%	0.57%	0.64%	0.5%	0.5%	0.51%
Gross Profit+	937.5M	1.25B	1.7B	1.51B	1.52B	1.4B	1.31B	706.6M	699.8M	667.6M
Gross Margin %	0.4%	0.39%	0.41%	0.41%	0.39%	0.43%	0.36%	0.5%	0.5%	0.49%
Gross Profit Growth %	-0.14%	0.33%	0.36%	-0.11%	0%	-0.07%	-0.06%	-0.46%	-0.01%	-0.05%
Operating Expenses+	922.3M	1.16B	1.35B	1.28B	1.44B	1.19B	1.29B	2.05B	1.6B	838M
OpEx % of Revenue	0.39%	0.36%	0.33%	0.35%	0.37%	0.36%	0.36%	1.44%	1.15%	0.61%
Selling, General & Admin	922.3M	1.16B	1.35B	1.28B	1.44B	1.19B	1.29B	547.5M	552.8M	483.6M
SG&A % of Revenue	0.39%	0.36%	0.33%	0.35%	0.37%	0.36%	0.36%	0.38%	0.4%	0.35%
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	1.51B	1.05B	354.4M
Operating Income+	15.2M	84.4M	342M	230.9M	76.1M	218.2M	22.6M	-1.35B	-903.5M	-170.4M
Operating Margin %	0.01%	0.03%	0.08%	0.06%	0.02%	0.07%	0.01%	-0.95%	-0.65%	-0.12%
Operating Income Growth %	-0.94%	4.55%	3.05%	-0.32%	-0.67%	1.87%	-0.9%	-60.65%	0.33%	0.81%
EBITDA+	1.06B	1.56B	2.14B	1.91B	1.98B	1.6B	1.77B	-538.3M	-107.7M	646.1M
EBITDA Margin %	0.45%	0.49%	0.52%	0.52%	0.51%	0.49%	0.49%	-0.38%	-0.08%	0.47%
EBITDA Growth %	-0.07%	0.48%	0.37%	-0.11%	0.04%	-0.19%	0.11%	-1.3%	0.8%	7%
D&A (Non-Cash Add-back)	1.04B	1.48B	1.8B	1.68B	1.9B	1.38B	1.75B	809.9M	795.8M	816.5M
EBIT	21.1M	-19.2M	342.4M	-74M	-8.9M	108.6M	-16.8M	-1.3B	-886.3M	-178.3M
Net Interest Income+	-53M	-108.8M	-183.3M	-179.2M	-168.2M	-114.1M	-129.1M	-287.2M	-282.3M	-40.7M
Interest Income	1.9M	6.4M	10.4M	12M	8.8M	5.8M	28.1M	6.4M	22.1M	4.9M
Interest Expense	54.9M	115.2M	193.7M	191.2M	177M	119.9M	157.2M	293.6M	304.4M	45.6M
Other Income/Expense	-49M	-218.8M	-193.3M	-496.1M	-279.2M	-235.6M	-199.6M	-6M	-30M	-53.5M
Pretax Income+	-33.8M	-134.4M	148.7M	-265.2M	-203.1M	-17.4M	-177M	-1.35B	-933.5M	-223.9M
Pretax Margin %	-0.01%	-0.04%	0.04%	-0.07%	-0.05%	-0.01%	-0.05%	-0.95%	-0.67%	-0.16%
Income Tax+	-76.5M	-148.9M	-319.4M	-8.5M	3.3M	17.1M	28.4M	-18.3M	-128.9M	-8.6M
Effective Tax Rate %	-1.49%	-0.11%	3.18%	1.07%	0.93%	1.09%	1.06%	1.38%	0.98%	0.94%
Net Income+	50.2M	14.8M	473.6M	-284.2M	-188.4M	-18.9M	-188.2M	-1.87B	-915.2M	-211.2M
Net Margin %	0.02%	0%	0.11%	-0.08%	-0.05%	-0.01%	-0.05%	-1.32%	-0.66%	-0.15%
Net Income Growth %	-0.72%	-0.71%	31%	-1.6%	0.34%	0.9%	-8.96%	-8.94%	0.51%	0.77%
Net Income (Continuing)	42.7M	14.5M	468.1M	-256.7M	-206.4M	-34.5M	-205.4M	-1.34B	-804.6M	-215.3M
Discontinued Operations	0	0	0	0	0	0	0	-535.1M	-110.6M	4.1M
Minority Interest	90.5M	93.8M	102.8M	130.8M	169.8M	220.7M	323M	345.1M	125.5M	0
EPS (Diluted)+	13.20	1.80	43.00	-26.60	-17.20	-1.71	-16.80	-176.40	-94.40	-12.63
EPS Growth %	-0.73%	-0.86%	22.89%	-1.62%	0.35%	0.9%	-8.8%	-9.5%	0.46%	0.87%
EPS (Basic)	13.60	1.80	45.40	-26.60	-17.20	-1.71	-16.80	-176.40	-94.40	-12.63
Diluted Shares Outstanding	3.85M	8.61M	11.02M	10.69M	10.89M	11.03M	11.21M	11.39M	11.68M	16.72M
Basic Shares Outstanding	3.71M	8.25M	10.42M	10.69M	10.89M	11.03M	11.21M	11.39M	11.68M	16.72M
Dividend Payout Ratio	0.95%	1.81%	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	867.6M	1.69B	1.77B	1.39B	1.31B	1.19B	1.06B	1.12B	1.46B	170.5M
Cash & Short-Term Investments	60.6M	324.7M	378.1M	184.3M	318.2M	528.7M	384.6M	300M	357.7M	17.8M
Cash Only	60.6M	324.7M	378.1M	184.3M	318.2M	528.7M	384.6M	300M	357.7M	17.8M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	760.1M	1.05B	1.09B	743.9M	619.1M	477.7M	611M	775.1M	1.01B	134.3M
Days Sales Outstanding	118.19	120.17	96.12	73.77	58.09	53.3	61.87	198.88	265.28	35.79
Inventory	20.7M	285.6M	273.5M	315.6M	323.9M	14.3M	14.1M	0	0	0
Days Inventory Outstanding	5.36	53.33	41.01	53.17	49.81	2.8	2.25	-	-	-
Other Current Assets	26.2M	26.1M	34.1M	150.6M	46.9M	166M	48.4M	43.3M	93.8M	18.4M
Total Non-Current Assets+	2.97B	7.51B	7.19B	7.01B	6.64B	7.12B	7.93B	6.31B	5.63B	2B
Property, Plant & Equipment	43.4M	165.5M	161.7M	155.3M	277.8M	218.1M	251.9M	258.5M	477.3M	85.9M
Fixed Asset Turnover	54.09x	19.34x	25.54x	23.70x	14.00x	15.00x	14.31x	5.50x	2.92x	15.94x
Goodwill	534.8M	2.7B	2.74B	2.83B	2.83B	2.76B	2.76B	1.29B	811.2M	0
Intangible Assets	11.4M	2.05B	1.94B	1.87B	1.72B	1.58B	1.44B	1.3B	991.8M	1.91B
Long-Term Investments	686.4M	684.6M	490.1M	202.3M	104.4M	2.37B	3.14B	3.11B	2.97B	4.5M
Other Non-Current Assets	1.56B	1.89B	1.83B	1.93B	1.71B	196.7M	335.9M	350.1M	383.3M	0
Total Assets+	3.83B	9.2B	8.97B	8.41B	7.95B	8.31B	8.99B	7.43B	7.09B	2.17B
Asset Turnover	0.61x	0.35x	0.46x	0.44x	0.49x	0.39x	0.40x	0.19x	0.20x	0.63x
Asset Growth %	0.12%	1.4%	-0.02%	-0.06%	-0.05%	0.04%	0.08%	-0.17%	-0.04%	-0.69%
Total Current Liabilities+	1.74B	1.69B	2.41B	1.65B	1.51B	1.69B	2.4B	2.57B	3.99B	622.5M
Accounts Payable	341.7M	573M	428.6M	530.6M	490.7M	501.4M	541.6M	1.1B	1.2B	64.5M
Days Payables Outstanding	88.46	107	64.27	89.38	75.47	98.03	86.33	561.6	630.29	33.54
Short-Term Debt	703.3M	445.1M	1.28B	566.2M	457.6M	514.4M	1.22B	1.1B	913.7M	332.7M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	450.5M	514.9M	523.6M	409.1M	442.8M	511.4M	471.3M	97.3M	1.55B	-184.6M
Current Ratio	0.50x	1.00x	0.73x	0.84x	0.87x	0.70x	0.44x	0.44x	0.37x	0.27x
Quick Ratio	0.49x	0.83x	0.62x	0.65x	0.65x	0.69x	0.43x	0.44x	0.37x	0.27x
Cash Conversion Cycle	35.09	66.5	72.87	37.55	32.44	-41.94	-22.21	-	-	-
Total Non-Current Liabilities+	1.15B	4.9B	3.3B	3.71B	3.62B	3.6B	3.58B	3.73B	3.29B	784.3M
Long-Term Debt	876.9M	3.92B	2.6B	2.95B	2.72B	2.86B	2.93B	2.99B	2.16B	699.9M
Capital Lease Obligations	51.7M	51.7M	45.3M	42.4M	169M	119.9M	159.3M	159.2M	385.1M	45.6M
Deferred Tax Liabilities	158.48M	440.2M	91.9M	56.5M	36.6M	40.3M	38.8M	31.8M	13.3M	8.5M
Other Non-Current Liabilities	-17.38M	410M	484.7M	593.8M	626.9M	521.8M	404.5M	488.3M	606.4M	30.3M
Total Liabilities	2.89B	6.59B	5.71B	5.36B	5.12B	5.29B	5.99B	6.3B	7.28B	1.41B
Total Debt+	1.63B	4.42B	3.93B	3.56B	3.35B	3.5B	4.31B	4.25B	3.46B	1.09B
Net Debt	1.57B	4.1B	3.55B	3.38B	3.03B	2.97B	3.92B	3.95B	3.11B	1.07B
Debt / Equity	1.73x	1.70x	1.20x	1.17x	1.18x	1.16x	1.43x	3.76x	-	1.42x
Debt / EBITDA	1.54x	2.83x	1.83x	1.86x	1.69x	2.19x	2.44x	-	-	1.68x
Net Debt / EBITDA	1.49x	2.62x	1.66x	1.77x	1.53x	1.86x	2.22x	-	-	1.66x
Interest Coverage	0.28x	0.73x	1.77x	1.21x	0.43x	1.82x	0.14x	-4.59x	-2.97x	-3.74x
Total Equity+	940.8M	2.61B	3.26B	3.05B	2.83B	3.01B	3B	1.13B	-187.2M	766.4M
Equity Growth %	0.12%	1.77%	0.25%	-0.06%	-0.07%	0.07%	-0%	-0.62%	-1.17%	5.09%
Book Value per Share	244.21	302.93	295.71	285.40	259.55	273.35	268.15	99.13	-16.03	45.83
Total Shareholders' Equity	850.3M	2.51B	3.16B	2.92B	2.66B	2.79B	2.68B	784.5M	-312.7M	766.4M
Common Stock	885.8M	2.52B	2.65B	2.79B	2.88B	2.96B	3.02B	3.1B	3.15B	747.2M
Retained Earnings	7.6M	10.6M	516.6M	208.7M	-16.9M	-82.9M	-369.7M	-2.44B	-3.58B	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-43.1M	-16M	-9.7M	-80.3M	-206M	-83.3M	29.3M	120.9M	116M	19.2M
Minority Interest	90.5M	93.8M	102.8M	130.8M	169.8M	220.7M	323M	345.1M	125.5M	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	12.1M	544.5M	381.3M	439.3M	607.8M	64.4M	-725.8M	-438.3M	-131.8M	-46M
Operating CF Margin %	0.01%	0.17%	0.09%	0.12%	0.16%	0.02%	-0.2%	-0.31%	-0.09%	-0.03%
Operating CF Growth %	-0.89%	44%	-0.3%	0.15%	0.38%	-0.89%	-12.27%	0.4%	0.7%	0.65%
Net Income	50.2M	14.8M	473.6M	-284.2M	-188.4M	-18.9M	-188.2M	-1.34B	-804.6M	-215.3M
Depreciation & Amortization	1.04B	1.48B	1.8B	1.68B	1.9B	1.38B	1.75B	809.9M	795.8M	816.5M
Stock-Based Compensation	0	0	0	0	0	0	0	25.7M	24.6M	18M
Deferred Taxes	-85.1M	-163.4M	-299.5M	-23.6M	-900K	3.4M	-1.7M	-25.1M	-60.5M	-2.5M
Other Non-Cash Items	37.4M	135.7M	90.5M	155.5M	128.2M	152.9M	255.7M	1.04B	721.3M	159.1M
Working Capital Changes	-1.03B	-919.7M	-1.68B	-1.09B	-1.24B	-1.45B	-2.54B	-953.3M	-808.4M	-821.8M
Change in Receivables	-144.9M	0	-8.6M	470.8M	397.5M	133.9M	-256.9M	-2.7M	-34.9M	3.7M
Change in Inventory	-1.07B	0	0	0	0	0	0	0	0	0
Change in Payables	28.9M	152.9M	-181.7M	41M	-31.8M	32.7M	1.4M	-12.9M	-79.6M	-38.2M
Cash from Investing+	-162.1M	-1.15B	292.6M	-121.7M	-51.7M	-31.1M	-80.5M	-42.5M	-24.8M	-99.2M
Capital Expenditures	-18.4M	-25.2M	-45.9M	-43.8M	-31.1M	-35M	-194.5M	-34.3M	-20.4M	-17.6M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.05%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	-4.3M	-8.2M	-4.4M	-81.6M
Cash from Financing+	105M	867.2M	-617.3M	-511.1M	-419.3M	173M	664.3M	428.1M	132M	126M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-47.5M	-26.8M	0	-57.4M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-24.2M	-47.8M	-31.1M	-811.1M	-9.1M	85.4M	-65.1M	575.7M	276.2M	75.3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.3M	519.3M	335.4M	395.5M	576.7M	29.4M	-920.3M	-472.6M	-152.2M	-63.6M
FCF Margin %	-0%	0.16%	0.08%	0.11%	0.15%	0.01%	-0.26%	-0.33%	-0.11%	-0.05%
FCF Growth %	-1.06%	83.43%	-0.35%	0.18%	0.46%	-0.95%	-32.3%	0.49%	0.68%	0.58%
FCF per Share	-1.64	60.31	30.44	37.01	52.93	2.67	-82.13	-41.47	-13.03	-3.80
FCF Conversion (FCF/Net Income)	0.24x	36.79x	0.81x	-1.55x	-3.23x	-3.41x	3.86x	0.23x	0.14x	0.22x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	5.63%	0.83%	16.14%	-9.01%	-6.41%	-0.65%	-6.25%	-90.51%	-194.23%	-72.93%
Return on Invested Capital (ROIC)	0.49%	1.37%	3.8%	2.62%	0.93%	2.76%	0.26%	-16.85%	-16.95%	-5.38%
Gross Margin	39.94%	38.94%	41.05%	41.13%	38.99%	42.94%	36.47%	49.67%	50.26%	48.74%
Net Margin	2.14%	0.46%	11.47%	-7.72%	-4.84%	-0.58%	-5.22%	-131.53%	-65.73%	-15.42%
Debt / Equity	1.73x	1.70x	1.20x	1.17x	1.18x	1.16x	1.43x	3.76x	-	1.42x
Interest Coverage	0.28x	0.73x	1.77x	1.21x	0.43x	1.82x	0.14x	-4.59x	-2.97x	-3.74x
FCF Conversion	0.24x	36.79x	0.81x	-1.55x	-3.23x	-3.41x	3.86x	0.23x	0.14x	0.22x
Revenue Growth	-2.18%	36.38%	28.97%	-10.86%	5.69%	-15.9%	10.17%	-60.53%	-2.12%	-1.64%

Revenue by Segment

	2017	2018	2019
Motion Picture	1.92B	1.82B	1.46B
Motion Picture Growth	-	-5.13%	-19.63%
Media Networks	456.6M	1.53B	1.46B
Media Networks Growth	-	235.63%	-4.67%
Television Production	837.4M	805.3M	920.9M
Television Production Growth	-	-3.83%	14.35%
Intersegment Eliminations	-13.1M	-30.8M	-165.8M
Intersegment Eliminations Growth	-	-135.11%	-438.31%

Revenue by Geography

	2017	2018	2019
UNITED STATES	2.43B	3.38B	3.12B
UNITED STATES Growth	-	39.11%	-7.64%
Foreign Other than Canada	713.6M	697.8M	508M
Foreign Other than Canada Growth	-	-2.21%	-27.20%
CANADA	56M	48.3M	47.9M
CANADA Growth	-	-13.75%	-0.83%

Frequently Asked Questions

Growth & Financials

Starz Entertainment Corp. (STRZ) reported $1.94B in revenue for fiscal year 2025. This represents a 22% increase from $1.59B in 2012.

Starz Entertainment Corp. (STRZ) saw revenue decline by 1.6% over the past year.

Starz Entertainment Corp. (STRZ) reported a net loss of $270.3M for fiscal year 2025.

Dividend & Returns

Starz Entertainment Corp. (STRZ) has a return on equity (ROE) of -72.9%. Negative ROE indicates the company is unprofitable.

Starz Entertainment Corp. (STRZ) had negative free cash flow of $157.4M in fiscal year 2025, likely due to heavy capital investments.