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Sphere Entertainment Co. SPHR

NYSE · stock · Services-Amusement & Recreation Services · website · IPO 2020-04-09 · LEI

Sphere Entertainment Co. statistics & valuation

Market cap$6.1B
P / E182.0×
P / S5.0×
P / B2.7×
Net margin2.7%
Return on equity1.5%
Net debt$259.7M
Net debt / EBITDA2.4×
Enterprise value USD$6.3B
EV / EBITDA59.3×
Earnings yield EBIT/EV-3.6%
Return on capital-6.6%
Graham number -83.6%$28.65

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($28.65); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-1.70% 12.70% -18.80% -31.90% 87.60% -19.50% 2.70% 2019202020212022202320242025
Gross margin (%)
2019202020212022202320242025
Operating margin (%)
-4.30% 16.40% -23.80% -16.80% -47.60% -33.20% -18.80% 2019202020212022202320242025
Return on equity (%)
-0.70% 6.40% -6.80% -9.80% 19.50% -8.30% 1.50% 2019202020212022202320242025
Shares outstanding
24.0M 34.9M 34.3M 34.3M 34.9M 35.3M 45.3M 2019202020212022202320242025
Net debt ($)
-$1.03B -$1.08B $133.6M $182.2M $1.08B $823.7M $259.7M 2019202020212022202320242025
Share buybacks ($)
2019202020212022202320242025
Return on assets (%)
-0.50% 4.90% -2.80% -3.50% 10.10% -4.20% 0.80% 2019202020212022202320242025
Free cash flow margin (%)
-8.80% -10.20% -65.20% -100.90% 2019202020212022202320242025
Debt / equity (×)
0.02× 0.01× 0.76× 0.47× 0.47× 0.57× 0.34× 2019202020212022202320242025
EPS ($)
-$0.75 $5.20 -$4.59 -$5.77 $14.40 -$5.68 $0.74 2019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin-18.8%-33.2%-47.6%-16.8%-23.8%16.4%-4.3%
Net margin2.7%-19.5%87.6%-31.9%-18.8%12.7%-1.7%
FCF margin———-100.9%-65.2%-10.2%-8.8%
Return on assets0.8%-4.2%10.1%-3.5%-2.8%4.9%-0.5%
Return on equity1.5%-8.3%19.5%-9.8%-6.8%6.4%-0.7%
Debt / equity0.34×0.57×0.47×0.47×0.76×0.01×0.02×
Current ratio1.090.630.901.272.572.802.84

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.