Take-Two Interactive Software, Inc. (TTWO) 10-Year Financial Performance & Capital Metrics

TTWO • • Industrial / General

TechnologyGaming & MultimediaGame Development & PublishingAAA Game Publishers

AboutTake-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises. The company also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier's Civilization, XCOM series, and Borderlands. In addition, it publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; and PGA TOUR 2K. Further, the company offers Kerbal Space Program, OlliOlli World, and The Outer Worlds and Ancestors: the Humankind Odyssey under Private Division; and free-to-play mobile games, such as Dragon City, Monster Legends, Two Dots, and Top Eleven. Its products are designed for console gaming systems, including PlayStation 4 and PlayStation 5; Xbox One; the Nintendo's Switch; personal computers; and mobile comprising smartphones and tablets. The company provides its products through physical retail, digital download, online platforms, and cloud streaming services. Take-Two Interactive Software, Inc. was incorporated in 1993 and is based in New York, New York.Show more

Revenue $5.63B +5.3%
EBITDA -$3.05B -66.7%
Net Income -$4.48B -19.6%
EPS (Diluted) -25.58 -16.2%
Gross Margin 54.36% +29.7%
EBITDA Margin -54.12% -58.3%
Operating Margin -77.94% -16.1%
Net Margin -79.5% -13.6%
ROE -114.76% -125.4%
ROIC -49.77% -86.2%
Debt/Equity 1.92 +208.0%
Interest Coverage -25.94 -1.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 12.8%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Expensive at 20.0x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.93%

5Y12.77%

3Y17.14%

TTM13.98%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-10.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM-6.74%

ROCE

10Y Avg-3.45%

5Y Avg-14.78%

3Y Avg-34.73%

Latest-57.12%

Peer Comparison

AAA Game Publishers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
EAElectronic Arts Inc.	51.06B	204.15	48.26	-1.31%	12.14%	14.75%	3.64%	0.35
NTESNetEase, Inc.	86.18B	136.10	2.96	1.77%	32.45%	22.55%	43.48%	0.09
MSGMMotorsport Games Inc.	17.27M	3.40	-3.62	25.73%	23.71%	32.88%		0.04
TTWOTake-Two Interactive Software, Inc.	45.15B	244.34	-9.55	5.31%	-64.26%	-116.47%		1.92

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	1.41B	1.78B	1.79B	2.67B	3.09B	3.37B	3.5B	5.35B	5.35B	5.63B
Revenue Growth %	0.31%	0.26%	0.01%	0.49%	0.16%	0.09%	0.04%	0.53%	-0%	0.05%
Cost of Goods Sold+	813.87M	1.02B	898.31M	1.52B	1.54B	1.54B	1.54B	3.06B	3.11B	2.57B
COGS % of Revenue	0.58%	0.57%	0.5%	0.57%	0.5%	0.46%	0.44%	0.57%	0.58%	0.46%
Gross Profit+	599.83M	756.79M	894.58M	1.14B	1.55B	1.84B	1.97B	2.29B	2.24B	3.06B
Gross Margin %	0.42%	0.43%	0.5%	0.43%	0.5%	0.54%	0.56%	0.43%	0.42%	0.54%
Gross Profit Growth %	1.08%	0.26%	0.18%	0.28%	0.35%	0.19%	0.07%	0.16%	-0.02%	0.37%
Operating Expenses+	610.65M	665.48M	759M	938.08M	1.12B	1.21B	1.5B	3.45B	5.83B	7.45B
OpEx % of Revenue	0.43%	0.37%	0.42%	0.35%	0.36%	0.36%	0.43%	0.64%	1.09%	1.32%
Selling, General & Admin	390.76M	496.86M	503.92M	672.63M	776.66M	835.4M	1.03B	2.43B	2.27B	2.57B
SG&A % of Revenue	0.28%	0.28%	0.28%	0.25%	0.25%	0.25%	0.29%	0.45%	0.42%	0.46%
Research & Development	119.81M	137.91M	196.37M	230.17M	296.4M	317.3M	406.6M	887.6M	948.2M	1.01B
R&D % of Revenue	0.08%	0.08%	0.11%	0.09%	0.1%	0.09%	0.12%	0.17%	0.18%	0.18%
Other Operating Expenses	100.08M	30.71M	58.71M	35.27M	48.2M	55.6M	61.9M	136.9M	2.62B	3.88B
Operating Income+	-10.83M	91.31M	135.58M	206.67M	425.27M	629.4M	473.6M	-1.17B	-3.59B	-4.39B
Operating Margin %	-0.01%	0.05%	0.08%	0.08%	0.14%	0.19%	0.14%	-0.22%	-0.67%	-0.78%
Operating Income Growth %	0.96%	9.43%	0.48%	0.52%	1.06%	0.48%	-0.25%	-3.46%	-2.08%	-0.22%
EBITDA+	152.6M	350.66M	280.5M	471.5M	661.81M	831.8M	730.7M	611.5M	-1.83B	-3.05B
EBITDA Margin %	0.11%	0.2%	0.16%	0.18%	0.21%	0.25%	0.21%	0.11%	-0.34%	-0.54%
EBITDA Growth %	2.47%	1.3%	-0.2%	0.68%	0.4%	0.26%	-0.12%	-0.16%	-3.99%	-0.67%
D&A (Non-Cash Add-back)	163.43M	259.36M	144.92M	264.83M	236.54M	202.4M	257.1M	1.78B	1.76B	1.34B
EBIT	60.46M	91.31M	158.89M	240.82M	463.69M	688.4M	489.9M	-1.19B	-3.56B	-4.32B
Net Interest Income+	-29.24M	-21.7M	-1M	29.99M	42.09M	8.1M	-6.9M	-110.1M	-75M	-70.7M
Interest Income	0	0	21.26M	38.02M	47.34M	18.7M	17.6M	33.8M	65.6M	98.6M
Interest Expense	29.24M	21.7M	22.27M	8.03M	5.25M	10.6M	24.5M	143.9M	140.6M	169.3M
Other Income/Expense	-27.52M	-14.34M	1.05M	26.11M	33.17M	48.4M	-8.2M	-172.9M	-112.2M	-100.2M
Pretax Income+	-38.35M	76.97M	136.63M	232.78M	458.44M	677.8M	465.4M	-1.34B	-3.7B	-4.49B
Pretax Margin %	-0.03%	0.04%	0.08%	0.09%	0.15%	0.2%	0.13%	-0.25%	-0.69%	-0.8%
Income Tax+	-30.05M	9.66M	-36.91M	-101.05M	53.98M	88.9M	47.4M	-213.4M	41.4M	-12.4M
Effective Tax Rate %	0.22%	0.87%	1.27%	1.43%	0.88%	0.87%	0.9%	0.84%	1.01%	1%
Net Income+	-8.3M	67.3M	173.53M	333.84M	404.46M	588.9M	418M	-1.12B	-3.74B	-4.48B
Net Margin %	-0.01%	0.04%	0.1%	0.13%	0.13%	0.17%	0.12%	-0.21%	-0.7%	-0.8%
Net Income Growth %	0.97%	9.11%	1.58%	0.92%	0.21%	0.46%	-0.29%	-3.69%	-2.33%	-0.2%
Net Income (Continuing)	-8.3M	67.3M	173.53M	333.84M	404.46M	588.9M	418M	-1.12B	-3.74B	-4.48B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.10	0.72	1.54	2.90	3.54	5.09	3.58	-7.03	-22.01	-25.58
EPS Growth %	0.97%	8.24%	1.14%	0.88%	0.22%	0.44%	-0.3%	-2.96%	-2.13%	-0.16%
EPS (Basic)	-0.10	0.73	1.58	2.95	3.58	5.14	3.62	-7.03	-22.01	-25.58
Diluted Shares Outstanding	83.42M	92.33M	112.76M	115.2M	114.14M	115.74M	116.78M	159.9M	170.1M	175.1M
Basic Shares Outstanding	83.02M	90.18M	110.11M	113.18M	113.1M	114.6M	115.48M	159.9M	170.1M	175.1M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

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+	2.05B	2.2B	2.41B	2.83B	3.49B	4.22B	3.87B	2.51B	2.26B	2.82B
Cash & Short-Term Investments	1.27B	1.39B	1.42B	1.57B	2B	2.73B	2.55B	1.01B	776M	1.47B
Cash Only	798.74M	943.4M	808.97M	826.52M	1.36B	1.42B	1.73B	827.4M	754M	1.46B
Short-Term Investments	470.82M	448.93M	615.41M	744.49M	644M	1.31B	820.1M	187M	22M	9.4M
Accounts Receivable	168.53M	219.56M	247.65M	395.73M	592.55M	658.32M	684.3M	843.1M	764.7M	851.9M
Days Sales Outstanding	43.51	45.03	50.42	54.13	70.02	71.24	71.27	57.52	52.17	55.19
Inventory	15.89M	16.32M	15.16M	28.2M	19.11M	17.74M	13.22M	0	0	0
Days Inventory Outstanding	7.13	5.82	6.16	6.76	4.52	4.22	3.14	-	-	-
Other Current Assets	591.3M	567.03M	721.99M	646.21M	606.52M	492.24M	427.98M	373.5M	719M	498.5M
Total Non-Current Assets+	545M	953.91M	1.33B	1.42B	1.46B	1.81B	2.68B	13.35B	9.96B	6.33B
Property, Plant & Equipment	77.13M	67.3M	102.48M	127.88M	286.17M	314.13M	459.2M	685.5M	736.8M	769.9M
Fixed Asset Turnover	18.33x	26.44x	17.50x	20.87x	10.79x	10.74x	7.63x	7.80x	7.26x	7.32x
Goodwill	217.08M	359.12M	399.53M	381.72M	386.49M	535.31M	674.6M	6.77B	4.43B	1.06B
Intangible Assets	219.44M	492.17M	743.05M	676.55M	453.04M	612.48M	1.02B	5.53B	4.51B	4.19B
Long-Term Investments	-120.5M	570K	1.21M	1.03M	0	0	0	126.1M	122.7M	0
Other Non-Current Assets	31.35M	-93.22M	-60.97M	93.32M	213.1M	255.58M	445.2M	205.1M	162.3M	309M
Total Assets+	2.59B	3.15B	3.74B	4.24B	4.95B	6.03B	6.55B	15.86B	12.22B	9.18B
Asset Turnover	0.55x	0.57x	0.48x	0.63x	0.62x	0.56x	0.54x	0.34x	0.44x	0.61x
Asset Growth %	0.16%	0.22%	0.19%	0.14%	0.17%	0.22%	0.09%	1.42%	-0.23%	-0.25%
Total Current Liabilities+	1.22B	1.69B	1.73B	1.95B	2.04B	2.23B	2.1B	3.85B	2.41B	3.62B
Accounts Payable	30.45M	31.89M	35.03M	72.8M	65.68M	71M	125.9M	140.1M	195.9M	194.7M
Days Payables Outstanding	13.66	11.38	14.23	17.44	15.54	16.88	29.93	16.69	23.01	27.64
Short-Term Debt	0	0	0	0	0	0	0	1.35B	24.6M	1.15B
Deferred Revenue (Current)	0	0	0	0	1000K	0	1000K	0	0	1000K
Other Current Liabilities	720.61M	1.1B	1.01B	1.05B	249.02M	1.16B	316.2M	1.43B	1.32B	408.5M
Current Ratio	1.68x	1.30x	1.40x	1.45x	1.71x	1.89x	1.84x	0.65x	0.94x	0.78x
Quick Ratio	1.66x	1.29x	1.39x	1.43x	1.70x	1.88x	1.83x	0.65x	0.94x	0.78x
Cash Conversion Cycle	36.98	39.47	42.34	43.45	59	58.58	44.48	-	-	-
Total Non-Current Liabilities+	788.48M	459.53M	521.94M	250.69M	371.05M	461.61M	631.6M	2.97B	4.14B	3.43B
Long-Term Debt	497.94M	251.93M	8.07M	0	0	0	0	1.73B	3.06B	2.51B
Capital Lease Obligations	0	0	0	0	152.06M	159.67M	211.3M	347M	387.3M	383.3M
Deferred Tax Liabilities	0	0	0	0	0	0	21.8M	0	0	259.6M
Other Non-Current Liabilities	290.55M	207.6M	513.87M	250.69M	190.65M	301.94M	327.6M	888M	697M	246.3M
Total Liabilities	2.01B	2.15B	2.25B	2.2B	2.41B	2.7B	2.74B	6.82B	6.55B	7.04B
Total Debt+	497.94M	251.93M	8.07M	0	177.25M	191.27M	250.2M	3.49B	3.53B	4.11B
Net Debt	-300.81M	-691.47M	-800.9M	-826.52M	-1.18B	-1.23B	-1.48B	2.66B	2.78B	2.65B
Debt / Equity	0.86x	0.25x	0.01x	-	0.07x	0.06x	0.07x	0.39x	0.62x	1.92x
Debt / EBITDA	3.26x	0.72x	0.03x	-	0.27x	0.23x	0.34x	5.70x	-	-
Net Debt / EBITDA	-1.97x	-1.97x	-2.86x	-1.75x	-1.78x	-1.48x	-2.03x	4.35x	-	-
Interest Coverage	-0.37x	4.21x	6.09x	25.73x	81.05x	59.38x	19.33x	-8.10x	-25.54x	-25.94x
Total Equity+	581.38M	1B	1.49B	2.04B	2.54B	3.33B	3.81B	9.04B	5.67B	2.14B
Equity Growth %	0.03%	0.73%	0.48%	0.37%	0.24%	0.31%	0.14%	1.37%	-0.37%	-0.62%
Book Value per Share	6.97	10.87	13.20	17.71	22.25	28.79	32.62	56.55	33.32	12.21
Total Shareholders' Equity	581.38M	1B	1.49B	2.04B	2.54B	3.33B	3.81B	9.04B	5.67B	2.14B
Common Stock	1.04M	1.2M	1.33M	1.35M	1.36M	1.38M	1.4M	1.9M	1.9M	2M
Retained Earnings	-167M	-99.69M	73.52M	877.63M	1.28B	1.87B	2.29B	1.16B	-2.58B	-7.06B
Treasury Stock	-303.39M	-303.39M	-458.18M	-820.57M	-820.57M	-820.57M	-1.02B	-1.02B	-1.02B	-1.02B
Accumulated OCI	-37.9M	-47.14M	-15.73M	-37.19M	-58.38M	-8.66M	-57.3M	-113.3M	-105.1M	-96.9M
Minority Interest	0	0	0	0	0	0	0	0	0	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+	261.31M	331.43M	393.95M	843.51M	685.68M	912.32M	258M	1.1M	-16.1M	-45.2M
Operating CF Margin %	0.18%	0.19%	0.22%	0.32%	0.22%	0.27%	0.07%	0%	-0%	-0.01%
Operating CF Growth %	0.23%	0.27%	0.19%	1.14%	-0.19%	0.33%	-0.72%	-1%	-15.64%	-1.81%
Net Income	-8.3M	67.3M	173.53M	333.84M	404.46M	588.89M	418M	-1.12B	-3.74B	-4.48B
Depreciation & Amortization	163.43M	259.36M	144.92M	264.83M	236.54M	202.4M	279.29M	1.87B	1.85B	1.41B
Stock-Based Compensation	70M	81.88M	116.35M	247.7M	257.88M	101.8M	183M	327.3M	335.6M	0
Deferred Taxes	-270K	3.02M	-32.52M	110.6M	-3.49M	10.6M	8.1M	-410.8M	-150.4M	139.5M
Other Non-Cash Items	24.93M	17.69M	28.97M	675K	9.07M	3.04M	121.89M	199.8M	2.58B	4.13B
Working Capital Changes	11.52M	-97.82M	-37.3M	-114.13M	-218.79M	5.59M	-752.28M	-855.8M	-887.1M	-1.24B
Change in Receivables	49.35M	-41.96M	-27M	-98.08M	-195.48M	47.2M	-17.86M	106.8M	83.7M	-105M
Change in Inventory	3.81M	-4.94M	3.92M	-14.4M	8.49M	2.5M	4.11M	0	0	0
Change in Payables	170.16M	189.34M	198.73M	201.15M	299.73M	78.67M	-45.6M	-405.1M	-200.9M	-465.9M
Cash from Investing+	-324.52M	-129.03M	-271.83M	-223.58M	4.05M	-806.72M	139.22M	-2.88B	-28.2M	-151.5M
Capital Expenditures	-37.28M	-21.17M	-87.52M	-66.97M	-53.38M	-68.9M	-158.6M	-204.2M	-141.7M	-169.4M
CapEx % of Revenue	0.03%	0.01%	0.05%	0.03%	0.02%	0.02%	0.05%	0.04%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-182.73M	89.08M	-40.92M	0	0	-64K	749K	-8.1M	3.2M	-200K
Cash from Financing+	-48.05M	-49.77M	-281.47M	-463.69M	-77.45M	-57.34M	-256.81M	1.93B	-91.4M	650.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-21.5M	-49.77M	-126.67M	-101.29M	-87.97M	-71.54M	-76.26M	-17.2M	-140.1M	-12M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	224.03M	310.26M	306.43M	776.55M	632.29M	843.39M	99.34M	-203.1M	-157.8M	-214.6M
FCF Margin %	0.16%	0.17%	0.17%	0.29%	0.2%	0.25%	0.03%	-0.04%	-0.03%	-0.04%
FCF Growth %	0.37%	0.38%	-0.01%	1.53%	-0.19%	0.33%	-0.88%	-3.04%	0.22%	-0.36%
FCF per Share	2.69	3.36	2.72	6.74	5.54	7.29	0.85	-1.27	-0.93	-1.23
FCF Conversion (FCF/Net Income)	-31.47x	4.92x	2.27x	2.53x	1.70x	1.55x	0.62x	-0.00x	0.00x	0.01x
Interest Paid	0	7.63M	4.12M	5.26M	4.75M	1.9M	0	79M	137M	147.1M
Taxes Paid	0	6.65M	8.79M	19.28M	28M	70.7M	31M	176.8M	150.2M	144.3M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-1.45%	8.49%	13.92%	18.92%	17.66%	20.06%	11.71%	-17.5%	-50.91%	-114.76%
Return on Invested Capital (ROIC)	-3.98%	23.1%	20.33%	16.3%	24.79%	27.29%	16.04%	-12.46%	-26.73%	-49.77%
Gross Margin	42.43%	42.52%	49.9%	42.9%	50.07%	54.49%	56.19%	42.72%	41.91%	54.36%
Net Margin	-0.59%	3.78%	9.68%	12.51%	13.09%	17.46%	11.93%	-21.02%	-69.99%	-79.5%
Debt / Equity	0.86x	0.25x	0.01x	-	0.07x	0.06x	0.07x	0.39x	0.62x	1.92x
Interest Coverage	-0.37x	4.21x	6.09x	25.73x	81.05x	59.38x	19.33x	-8.10x	-25.54x	-25.94x
FCF Conversion	-31.47x	4.92x	2.27x	2.53x	1.70x	1.55x	0.62x	-0.00x	0.00x	0.01x
Revenue Growth	30.54%	25.89%	0.74%	48.83%	15.76%	9.19%	3.91%	52.64%	-0.01%	5.31%

Revenue by Segment

	2015	2017	2018	2019	2020	2021	2022	2023	2024	2025
Mobile	-	-	-	-	-	-	403.44M	2.54B	2.75B	2.94B
Mobile Growth	-	-	-	-	-	-	-	529.24%	8.25%	7.06%
Console	881.52M	1.44B	1.46B	2.23B	2.31B	2.52B	2.53B	2.3B	2.17B	2.1B
Console Growth	-	63.44%	1.57%	52.66%	3.35%	9.03%	0.47%	-8.90%	-5.92%	-3.15%
P C And Other Products	201.42M	339.02M	329.59M	434.53M	780.37M	855.78M	572.51M	507.5M	434.3M	592.5M
P C And Other Products Growth	-	68.32%	-2.78%	31.84%	79.59%	9.66%	-33.10%	-11.35%	-14.42%	36.43%

Revenue by Geography

	2015	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	-	999.13M	1.05B	1.43B	1.78B	2.02B	2.1B	3.36B	3.28B	3.41B
UNITED STATES Growth	-	-	5.32%	35.60%	24.44%	13.53%	4.18%	59.98%	-2.40%	3.89%
Non-US	-	107.74M	97.84M	1.24B	1.31B	1.36B	1.4B	1.99B	2.07B	2.23B
Non-US Growth	-	-	-9.19%	1168.87%	5.78%	3.32%	3.51%	41.67%	4.05%	7.55%
Europe	322.64M	515.7M	531.51M	-	-	-	-	-	-	-
Europe Growth	-	59.83%	3.07%	-	-	-	-	-	-	-
Asia Pacific	69.92M	157.18M	111.22M	-	-	-	-	-	-	-
Asia Pacific Growth	-	124.79%	-29.24%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Take-Two Interactive Software, Inc. (TTWO) reported $6.22B in revenue for fiscal year 2025. This represents a 653% increase from $825.8M in 2012.

Take-Two Interactive Software, Inc. (TTWO) grew revenue by 5.3% over the past year. This is steady growth.

Take-Two Interactive Software, Inc. (TTWO) reported a net loss of $4.00B for fiscal year 2025.

Dividend & Returns

Take-Two Interactive Software, Inc. (TTWO) has a return on equity (ROE) of -114.8%. Negative ROE indicates the company is unprofitable.

Take-Two Interactive Software, Inc. (TTWO) generated $192.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Take-Two Interactive Software, Inc. (TTWO) 10-Year Financial Performance & Capital Metrics

TTWO • • Industrial / General

TechnologyGaming & MultimediaGame Development & PublishingAAA Game Publishers

Revenue $5.63B +5.3%
EBITDA -$3.05B -66.7%
Net Income -$4.48B -19.6%
EPS (Diluted) -25.58 -16.2%
Gross Margin 54.36% +29.7%
EBITDA Margin -54.12% -58.3%
Operating Margin -77.94% -16.1%
Net Margin -79.5% -13.6%
ROE -114.76% -125.4%
ROIC -49.77% -86.2%
Debt/Equity 1.92 +208.0%
Interest Coverage -25.94 -1.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 12.8%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Expensive at 20.0x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y17.93%

5Y12.77%

3Y17.14%

TTM13.98%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-10.36%

EPS CAGR

10Y-

5Y-

3Y-

TTM-6.74%

ROCE

10Y Avg-3.45%

5Y Avg-14.78%

3Y Avg-34.73%

Latest-57.12%

Peer Comparison

AAA Game Publishers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
EAElectronic Arts Inc.	51.06B	204.15	48.26	-1.31%	12.14%	14.75%	3.64%	0.35
NTESNetEase, Inc.	86.18B	136.10	2.96	1.77%	32.45%	22.55%	43.48%	0.09
MSGMMotorsport Games Inc.	17.27M	3.40	-3.62	25.73%	23.71%	32.88%		0.04
TTWOTake-Two Interactive Software, Inc.	45.15B	244.34	-9.55	5.31%	-64.26%	-116.47%		1.92

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	1.41B	1.78B	1.79B	2.67B	3.09B	3.37B	3.5B	5.35B	5.35B	5.63B
Revenue Growth %	0.31%	0.26%	0.01%	0.49%	0.16%	0.09%	0.04%	0.53%	-0%	0.05%
Cost of Goods Sold+	813.87M	1.02B	898.31M	1.52B	1.54B	1.54B	1.54B	3.06B	3.11B	2.57B
COGS % of Revenue	0.58%	0.57%	0.5%	0.57%	0.5%	0.46%	0.44%	0.57%	0.58%	0.46%
Gross Profit+	599.83M	756.79M	894.58M	1.14B	1.55B	1.84B	1.97B	2.29B	2.24B	3.06B
Gross Margin %	0.42%	0.43%	0.5%	0.43%	0.5%	0.54%	0.56%	0.43%	0.42%	0.54%
Gross Profit Growth %	1.08%	0.26%	0.18%	0.28%	0.35%	0.19%	0.07%	0.16%	-0.02%	0.37%
Operating Expenses+	610.65M	665.48M	759M	938.08M	1.12B	1.21B	1.5B	3.45B	5.83B	7.45B
OpEx % of Revenue	0.43%	0.37%	0.42%	0.35%	0.36%	0.36%	0.43%	0.64%	1.09%	1.32%
Selling, General & Admin	390.76M	496.86M	503.92M	672.63M	776.66M	835.4M	1.03B	2.43B	2.27B	2.57B
SG&A % of Revenue	0.28%	0.28%	0.28%	0.25%	0.25%	0.25%	0.29%	0.45%	0.42%	0.46%
Research & Development	119.81M	137.91M	196.37M	230.17M	296.4M	317.3M	406.6M	887.6M	948.2M	1.01B
R&D % of Revenue	0.08%	0.08%	0.11%	0.09%	0.1%	0.09%	0.12%	0.17%	0.18%	0.18%
Other Operating Expenses	100.08M	30.71M	58.71M	35.27M	48.2M	55.6M	61.9M	136.9M	2.62B	3.88B
Operating Income+	-10.83M	91.31M	135.58M	206.67M	425.27M	629.4M	473.6M	-1.17B	-3.59B	-4.39B
Operating Margin %	-0.01%	0.05%	0.08%	0.08%	0.14%	0.19%	0.14%	-0.22%	-0.67%	-0.78%
Operating Income Growth %	0.96%	9.43%	0.48%	0.52%	1.06%	0.48%	-0.25%	-3.46%	-2.08%	-0.22%
EBITDA+	152.6M	350.66M	280.5M	471.5M	661.81M	831.8M	730.7M	611.5M	-1.83B	-3.05B
EBITDA Margin %	0.11%	0.2%	0.16%	0.18%	0.21%	0.25%	0.21%	0.11%	-0.34%	-0.54%
EBITDA Growth %	2.47%	1.3%	-0.2%	0.68%	0.4%	0.26%	-0.12%	-0.16%	-3.99%	-0.67%
D&A (Non-Cash Add-back)	163.43M	259.36M	144.92M	264.83M	236.54M	202.4M	257.1M	1.78B	1.76B	1.34B
EBIT	60.46M	91.31M	158.89M	240.82M	463.69M	688.4M	489.9M	-1.19B	-3.56B	-4.32B
Net Interest Income+	-29.24M	-21.7M	-1M	29.99M	42.09M	8.1M	-6.9M	-110.1M	-75M	-70.7M
Interest Income	0	0	21.26M	38.02M	47.34M	18.7M	17.6M	33.8M	65.6M	98.6M
Interest Expense	29.24M	21.7M	22.27M	8.03M	5.25M	10.6M	24.5M	143.9M	140.6M	169.3M
Other Income/Expense	-27.52M	-14.34M	1.05M	26.11M	33.17M	48.4M	-8.2M	-172.9M	-112.2M	-100.2M
Pretax Income+	-38.35M	76.97M	136.63M	232.78M	458.44M	677.8M	465.4M	-1.34B	-3.7B	-4.49B
Pretax Margin %	-0.03%	0.04%	0.08%	0.09%	0.15%	0.2%	0.13%	-0.25%	-0.69%	-0.8%
Income Tax+	-30.05M	9.66M	-36.91M	-101.05M	53.98M	88.9M	47.4M	-213.4M	41.4M	-12.4M
Effective Tax Rate %	0.22%	0.87%	1.27%	1.43%	0.88%	0.87%	0.9%	0.84%	1.01%	1%
Net Income+	-8.3M	67.3M	173.53M	333.84M	404.46M	588.9M	418M	-1.12B	-3.74B	-4.48B
Net Margin %	-0.01%	0.04%	0.1%	0.13%	0.13%	0.17%	0.12%	-0.21%	-0.7%	-0.8%
Net Income Growth %	0.97%	9.11%	1.58%	0.92%	0.21%	0.46%	-0.29%	-3.69%	-2.33%	-0.2%
Net Income (Continuing)	-8.3M	67.3M	173.53M	333.84M	404.46M	588.9M	418M	-1.12B	-3.74B	-4.48B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.10	0.72	1.54	2.90	3.54	5.09	3.58	-7.03	-22.01	-25.58
EPS Growth %	0.97%	8.24%	1.14%	0.88%	0.22%	0.44%	-0.3%	-2.96%	-2.13%	-0.16%
EPS (Basic)	-0.10	0.73	1.58	2.95	3.58	5.14	3.62	-7.03	-22.01	-25.58
Diluted Shares Outstanding	83.42M	92.33M	112.76M	115.2M	114.14M	115.74M	116.78M	159.9M	170.1M	175.1M
Basic Shares Outstanding	83.02M	90.18M	110.11M	113.18M	113.1M	114.6M	115.48M	159.9M	170.1M	175.1M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

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+	2.05B	2.2B	2.41B	2.83B	3.49B	4.22B	3.87B	2.51B	2.26B	2.82B
Cash & Short-Term Investments	1.27B	1.39B	1.42B	1.57B	2B	2.73B	2.55B	1.01B	776M	1.47B
Cash Only	798.74M	943.4M	808.97M	826.52M	1.36B	1.42B	1.73B	827.4M	754M	1.46B
Short-Term Investments	470.82M	448.93M	615.41M	744.49M	644M	1.31B	820.1M	187M	22M	9.4M
Accounts Receivable	168.53M	219.56M	247.65M	395.73M	592.55M	658.32M	684.3M	843.1M	764.7M	851.9M
Days Sales Outstanding	43.51	45.03	50.42	54.13	70.02	71.24	71.27	57.52	52.17	55.19
Inventory	15.89M	16.32M	15.16M	28.2M	19.11M	17.74M	13.22M	0	0	0
Days Inventory Outstanding	7.13	5.82	6.16	6.76	4.52	4.22	3.14	-	-	-
Other Current Assets	591.3M	567.03M	721.99M	646.21M	606.52M	492.24M	427.98M	373.5M	719M	498.5M
Total Non-Current Assets+	545M	953.91M	1.33B	1.42B	1.46B	1.81B	2.68B	13.35B	9.96B	6.33B
Property, Plant & Equipment	77.13M	67.3M	102.48M	127.88M	286.17M	314.13M	459.2M	685.5M	736.8M	769.9M
Fixed Asset Turnover	18.33x	26.44x	17.50x	20.87x	10.79x	10.74x	7.63x	7.80x	7.26x	7.32x
Goodwill	217.08M	359.12M	399.53M	381.72M	386.49M	535.31M	674.6M	6.77B	4.43B	1.06B
Intangible Assets	219.44M	492.17M	743.05M	676.55M	453.04M	612.48M	1.02B	5.53B	4.51B	4.19B
Long-Term Investments	-120.5M	570K	1.21M	1.03M	0	0	0	126.1M	122.7M	0
Other Non-Current Assets	31.35M	-93.22M	-60.97M	93.32M	213.1M	255.58M	445.2M	205.1M	162.3M	309M
Total Assets+	2.59B	3.15B	3.74B	4.24B	4.95B	6.03B	6.55B	15.86B	12.22B	9.18B
Asset Turnover	0.55x	0.57x	0.48x	0.63x	0.62x	0.56x	0.54x	0.34x	0.44x	0.61x
Asset Growth %	0.16%	0.22%	0.19%	0.14%	0.17%	0.22%	0.09%	1.42%	-0.23%	-0.25%
Total Current Liabilities+	1.22B	1.69B	1.73B	1.95B	2.04B	2.23B	2.1B	3.85B	2.41B	3.62B
Accounts Payable	30.45M	31.89M	35.03M	72.8M	65.68M	71M	125.9M	140.1M	195.9M	194.7M
Days Payables Outstanding	13.66	11.38	14.23	17.44	15.54	16.88	29.93	16.69	23.01	27.64
Short-Term Debt	0	0	0	0	0	0	0	1.35B	24.6M	1.15B
Deferred Revenue (Current)	0	0	0	0	1000K	0	1000K	0	0	1000K
Other Current Liabilities	720.61M	1.1B	1.01B	1.05B	249.02M	1.16B	316.2M	1.43B	1.32B	408.5M
Current Ratio	1.68x	1.30x	1.40x	1.45x	1.71x	1.89x	1.84x	0.65x	0.94x	0.78x
Quick Ratio	1.66x	1.29x	1.39x	1.43x	1.70x	1.88x	1.83x	0.65x	0.94x	0.78x
Cash Conversion Cycle	36.98	39.47	42.34	43.45	59	58.58	44.48	-	-	-
Total Non-Current Liabilities+	788.48M	459.53M	521.94M	250.69M	371.05M	461.61M	631.6M	2.97B	4.14B	3.43B
Long-Term Debt	497.94M	251.93M	8.07M	0	0	0	0	1.73B	3.06B	2.51B
Capital Lease Obligations	0	0	0	0	152.06M	159.67M	211.3M	347M	387.3M	383.3M
Deferred Tax Liabilities	0	0	0	0	0	0	21.8M	0	0	259.6M
Other Non-Current Liabilities	290.55M	207.6M	513.87M	250.69M	190.65M	301.94M	327.6M	888M	697M	246.3M
Total Liabilities	2.01B	2.15B	2.25B	2.2B	2.41B	2.7B	2.74B	6.82B	6.55B	7.04B
Total Debt+	497.94M	251.93M	8.07M	0	177.25M	191.27M	250.2M	3.49B	3.53B	4.11B
Net Debt	-300.81M	-691.47M	-800.9M	-826.52M	-1.18B	-1.23B	-1.48B	2.66B	2.78B	2.65B
Debt / Equity	0.86x	0.25x	0.01x	-	0.07x	0.06x	0.07x	0.39x	0.62x	1.92x
Debt / EBITDA	3.26x	0.72x	0.03x	-	0.27x	0.23x	0.34x	5.70x	-	-
Net Debt / EBITDA	-1.97x	-1.97x	-2.86x	-1.75x	-1.78x	-1.48x	-2.03x	4.35x	-	-
Interest Coverage	-0.37x	4.21x	6.09x	25.73x	81.05x	59.38x	19.33x	-8.10x	-25.54x	-25.94x
Total Equity+	581.38M	1B	1.49B	2.04B	2.54B	3.33B	3.81B	9.04B	5.67B	2.14B
Equity Growth %	0.03%	0.73%	0.48%	0.37%	0.24%	0.31%	0.14%	1.37%	-0.37%	-0.62%
Book Value per Share	6.97	10.87	13.20	17.71	22.25	28.79	32.62	56.55	33.32	12.21
Total Shareholders' Equity	581.38M	1B	1.49B	2.04B	2.54B	3.33B	3.81B	9.04B	5.67B	2.14B
Common Stock	1.04M	1.2M	1.33M	1.35M	1.36M	1.38M	1.4M	1.9M	1.9M	2M
Retained Earnings	-167M	-99.69M	73.52M	877.63M	1.28B	1.87B	2.29B	1.16B	-2.58B	-7.06B
Treasury Stock	-303.39M	-303.39M	-458.18M	-820.57M	-820.57M	-820.57M	-1.02B	-1.02B	-1.02B	-1.02B
Accumulated OCI	-37.9M	-47.14M	-15.73M	-37.19M	-58.38M	-8.66M	-57.3M	-113.3M	-105.1M	-96.9M
Minority Interest	0	0	0	0	0	0	0	0	0	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+	261.31M	331.43M	393.95M	843.51M	685.68M	912.32M	258M	1.1M	-16.1M	-45.2M
Operating CF Margin %	0.18%	0.19%	0.22%	0.32%	0.22%	0.27%	0.07%	0%	-0%	-0.01%
Operating CF Growth %	0.23%	0.27%	0.19%	1.14%	-0.19%	0.33%	-0.72%	-1%	-15.64%	-1.81%
Net Income	-8.3M	67.3M	173.53M	333.84M	404.46M	588.89M	418M	-1.12B	-3.74B	-4.48B
Depreciation & Amortization	163.43M	259.36M	144.92M	264.83M	236.54M	202.4M	279.29M	1.87B	1.85B	1.41B
Stock-Based Compensation	70M	81.88M	116.35M	247.7M	257.88M	101.8M	183M	327.3M	335.6M	0
Deferred Taxes	-270K	3.02M	-32.52M	110.6M	-3.49M	10.6M	8.1M	-410.8M	-150.4M	139.5M
Other Non-Cash Items	24.93M	17.69M	28.97M	675K	9.07M	3.04M	121.89M	199.8M	2.58B	4.13B
Working Capital Changes	11.52M	-97.82M	-37.3M	-114.13M	-218.79M	5.59M	-752.28M	-855.8M	-887.1M	-1.24B
Change in Receivables	49.35M	-41.96M	-27M	-98.08M	-195.48M	47.2M	-17.86M	106.8M	83.7M	-105M
Change in Inventory	3.81M	-4.94M	3.92M	-14.4M	8.49M	2.5M	4.11M	0	0	0
Change in Payables	170.16M	189.34M	198.73M	201.15M	299.73M	78.67M	-45.6M	-405.1M	-200.9M	-465.9M
Cash from Investing+	-324.52M	-129.03M	-271.83M	-223.58M	4.05M	-806.72M	139.22M	-2.88B	-28.2M	-151.5M
Capital Expenditures	-37.28M	-21.17M	-87.52M	-66.97M	-53.38M	-68.9M	-158.6M	-204.2M	-141.7M	-169.4M
CapEx % of Revenue	0.03%	0.01%	0.05%	0.03%	0.02%	0.02%	0.05%	0.04%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-182.73M	89.08M	-40.92M	0	0	-64K	749K	-8.1M	3.2M	-200K
Cash from Financing+	-48.05M	-49.77M	-281.47M	-463.69M	-77.45M	-57.34M	-256.81M	1.93B	-91.4M	650.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-21.5M	-49.77M	-126.67M	-101.29M	-87.97M	-71.54M	-76.26M	-17.2M	-140.1M	-12M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	224.03M	310.26M	306.43M	776.55M	632.29M	843.39M	99.34M	-203.1M	-157.8M	-214.6M
FCF Margin %	0.16%	0.17%	0.17%	0.29%	0.2%	0.25%	0.03%	-0.04%	-0.03%	-0.04%
FCF Growth %	0.37%	0.38%	-0.01%	1.53%	-0.19%	0.33%	-0.88%	-3.04%	0.22%	-0.36%
FCF per Share	2.69	3.36	2.72	6.74	5.54	7.29	0.85	-1.27	-0.93	-1.23
FCF Conversion (FCF/Net Income)	-31.47x	4.92x	2.27x	2.53x	1.70x	1.55x	0.62x	-0.00x	0.00x	0.01x
Interest Paid	0	7.63M	4.12M	5.26M	4.75M	1.9M	0	79M	137M	147.1M
Taxes Paid	0	6.65M	8.79M	19.28M	28M	70.7M	31M	176.8M	150.2M	144.3M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-1.45%	8.49%	13.92%	18.92%	17.66%	20.06%	11.71%	-17.5%	-50.91%	-114.76%
Return on Invested Capital (ROIC)	-3.98%	23.1%	20.33%	16.3%	24.79%	27.29%	16.04%	-12.46%	-26.73%	-49.77%
Gross Margin	42.43%	42.52%	49.9%	42.9%	50.07%	54.49%	56.19%	42.72%	41.91%	54.36%
Net Margin	-0.59%	3.78%	9.68%	12.51%	13.09%	17.46%	11.93%	-21.02%	-69.99%	-79.5%
Debt / Equity	0.86x	0.25x	0.01x	-	0.07x	0.06x	0.07x	0.39x	0.62x	1.92x
Interest Coverage	-0.37x	4.21x	6.09x	25.73x	81.05x	59.38x	19.33x	-8.10x	-25.54x	-25.94x
FCF Conversion	-31.47x	4.92x	2.27x	2.53x	1.70x	1.55x	0.62x	-0.00x	0.00x	0.01x
Revenue Growth	30.54%	25.89%	0.74%	48.83%	15.76%	9.19%	3.91%	52.64%	-0.01%	5.31%

Revenue by Segment

	2015	2017	2018	2019	2020	2021	2022	2023	2024	2025
Mobile	-	-	-	-	-	-	403.44M	2.54B	2.75B	2.94B
Mobile Growth	-	-	-	-	-	-	-	529.24%	8.25%	7.06%
Console	881.52M	1.44B	1.46B	2.23B	2.31B	2.52B	2.53B	2.3B	2.17B	2.1B
Console Growth	-	63.44%	1.57%	52.66%	3.35%	9.03%	0.47%	-8.90%	-5.92%	-3.15%
P C And Other Products	201.42M	339.02M	329.59M	434.53M	780.37M	855.78M	572.51M	507.5M	434.3M	592.5M
P C And Other Products Growth	-	68.32%	-2.78%	31.84%	79.59%	9.66%	-33.10%	-11.35%	-14.42%	36.43%

Revenue by Geography

	2015	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	-	999.13M	1.05B	1.43B	1.78B	2.02B	2.1B	3.36B	3.28B	3.41B
UNITED STATES Growth	-	-	5.32%	35.60%	24.44%	13.53%	4.18%	59.98%	-2.40%	3.89%
Non-US	-	107.74M	97.84M	1.24B	1.31B	1.36B	1.4B	1.99B	2.07B	2.23B
Non-US Growth	-	-	-9.19%	1168.87%	5.78%	3.32%	3.51%	41.67%	4.05%	7.55%
Europe	322.64M	515.7M	531.51M	-	-	-	-	-	-	-
Europe Growth	-	59.83%	3.07%	-	-	-	-	-	-	-
Asia Pacific	69.92M	157.18M	111.22M	-	-	-	-	-	-	-
Asia Pacific Growth	-	124.79%	-29.24%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Take-Two Interactive Software, Inc. (TTWO) reported $6.22B in revenue for fiscal year 2025. This represents a 653% increase from $825.8M in 2012.

Take-Two Interactive Software, Inc. (TTWO) grew revenue by 5.3% over the past year. This is steady growth.

Take-Two Interactive Software, Inc. (TTWO) reported a net loss of $4.00B for fiscal year 2025.

Dividend & Returns

Take-Two Interactive Software, Inc. (TTWO) has a return on equity (ROE) of -114.8%. Negative ROE indicates the company is unprofitable.

Take-Two Interactive Software, Inc. (TTWO) generated $192.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.