Sphere Entertainment
SPHR
106.24
+0.86
+0.82%
Sphere Entertainment
US · SPHR
#2270 by market cap
Listed 1970
106.24
+0.86
+0.82%
Live - 5344 symbols - heartbeat 105s ago
· 2026-10-08 07:25
Pre-market
106.13
-0.10%
After-hours
107.50
+1.19%
Overnight
106.50
+0.24%
- Market cap
- 3.82B
- P/E (TTM)i
- -54.76
- P/Bi
- 1.71
- EPSi
- 0.74
- Div yieldi
- 0.00%
- 52W posi
- 39%
Reader sentiment
Are you bullish or bearish on SPHR?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.29, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +127.53% YoY
Margins
- Gross margin
- 51.64%
- Operating margin
- -12.15%
- Net margin
- 2.74%
Key ratios & quality
- Enterprise valuei
- 4.16B
- Altman Z-Scorei
- 1.29
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.05B | 1.44B | 647.51M | 610.06M | 573.83M | -- | 536.20M | 1.22B |
| Gross profit | 378.27M | 645.52M | 384.65M | 289.78M | 231.62M | -- | 229.33M | 630.07M |
| Selling & admin expenses | 314.52M | 433.21M | 295.47M | 419.79M | 452.14M | -- | 254.26M | 441.92M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -45.60M | 100.25M | 72.57M | -152.58M | -251.24M | -- | -190.16M | -148.26M |
| Pretax profit | -20.02M | 251.50M | 43.53M | -167.68M | 275.43M | -- | -306.58M | 57.22M |
| Tax | 443.00K | 101.69M | 38.91M | -29.83M | 103.40M | -- | -75.35M | 23.81M |
| Net profit | -20.46M | 149.81M | -166.52M | -194.40M | 502.77M | -- | -231.23M | 33.41M |
| Basic EPS | 0 | 5 | -5 | -6 | 15 | -- | -6 | 1 |
| Diluted EPS | -0.34 | 5.20 | -4.60 | -5.77 | 14.40 | -- | -6.45 | 0.74 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 280.57M | 282.68M | 262.51M | 394.28M | 386.41M | 313.64M |
| Gross profit | 122.25M | 151.36M | 125.53M | 230.93M | 216.77M | 162.58M |
| Selling & admin expenses | 114.27M | 113.02M | 99.69M | 114.93M | 121.70M | 139.21M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -76.25M | -45.57M | -58.27M | 31.82M | 10.70M | -60.94M |
| Pretax profit | -102.28M | 273.76M | -136.71M | 22.44M | -381.00K | -65.25M |
| Tax | -20.32M | 121.94M | -35.51M | -42.30M | -4.84M | -26.93M |
| Net profit | -81.95M | 151.82M | -101.20M | 64.74M | 4.46M | -38.33M |
| Basic EPS | -2 | 4 | -3 | 2 | 0 | -1 |
| Diluted EPS | -2.27 | 3.39 | -2.80 | 1.23 | -0.04 | -1.07 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.35B | 1.43B | 1.87B | 1.22B | 623.91M | -- | 760.99M | 810.18M |
| Cash & ST investments | 1.19B | 1.24B | 1.52B | 747.31M | 131.97M | -- | 501.95M | 507.78M |
| Inventory | -- | -- | -- | -- | 0 | -- | 12.58M | 14.45M |
| Total assets | 3.32B | 3.73B | 5.29B | 5.52B | 4.97B | -- | 4.52B | 4.21B |
| Total current liabilities | 474.05M | 509.97M | 729.87M | 961.10M | 692.14M | -- | 1.37B | 743.37M |
| Short-term debt | 6.04M | 58.82M | 127.40M | 72.55M | 92.63M | -- | 848.39M | 80.20M |
| Long-term debt | 48.56M | 28.13M | 1.65B | 929.53M | 1.12B | -- | 524.01M | 767.44M |
| Total liabilities | 662,294,000.00 | 844,766,000.00 | 2,971,639,000.00 | 3,362,584,000.00 | 2,389,150,000.00 | -- | 2,313,881,000.00 | 1,976,669,000.00 |
| Total equity | 2.65B | 2.89B | 2.32B | 2.16B | 2.58B | -- | 2.20B | 2.23B |
| Retained earnings | 0 | 142.30M | -96.34M | -290.74M | 212.04M | -- | -219.85M | -186.44M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 735.11M | 595.43M | 666.38M | 810.18M | 903.57M | 784.04M |
| Cash & ST investments | 465.02M | 355.66M | 384.84M | 507.78M | 629.11M | 550.97M |
| Inventory | 13.16M | 12.82M | 12.63M | 14.45M | 18.34M | 17.63M |
| Total assets | 4.45B | 4.20B | 4.14B | 4.21B | 4.22B | 4.04B |
| Total current liabilities | 1.38B | 526.94M | 697.23M | 743.37M | 742.66M | 640.41M |
| Short-term debt | 822.72M | 76.25M | 104.97M | 80.20M | 74.21M | 72.35M |
| Long-term debt | 524.68M | 830.54M | 786.07M | 767.44M | 752.70M | 722.14M |
| Total liabilities | 2,305,554,000.00 | 1,885,374,000.00 | 1,983,467,000.00 | 1,976,669,000.00 | 1,974,759,000.00 | 1,808,110,000.00 |
| Total equity | 2.14B | 2.31B | 2.16B | 2.23B | 2.25B | 2.23B |
| Retained earnings | -301.80M | -149.98M | -251.18M | -186.44M | -181.98M | -220.31M |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 101.40M | 308.12M | -58.69M | 141.34M | 153.59M | -- | 40.83M | 243.35M |
| Depreciation & amortization | 109.34M | 112.06M | 122.00M | 124.63M | 103.38M | -- | 165.23M | 336.41M |
| Free cash flow | -92.28M | -149.18M | -514.70M | -663.88M | -1.02B | -- | -8.11M | 191.00M |
| Dividends paid | 0 | 0 | -1.77M | -2.26M | -121.51M | -- | 0 | 0 |
| Stock buybacks / issuance | -- | -293.53M | -- | -- | -- | -- | -- | -50.02M |
| Ending cash balance | 1.09B | 1.12B | 1.54B | 846.01M | 429.11M | -- | 515.63M | 521.26M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 6.35M | -59.06M | 115.84M | 180.22M | 136.24M | -33.66M |
| Depreciation & amortization | 84.23M | 83.91M | 84.10M | 84.17M | 84.37M | 84.31M |
| Free cash flow | -11.14M | -73.71M | 110.84M | 165.01M | 131.35M | -48.13M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 16.00K | -- | -- |
| Ending cash balance | 478.20M | 368.93M | 398.25M | 521.26M | 630.15M | 552.02M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -0.71 | 0.64 | -15.58 | -8.81 | 22.11 | -8.03 | -- | 1.51 |
| ROA %i | -0.54 | 0.49 | -10.32 | -3.97 | 9.58 | -4.11 | -- | 0.77 |
| ROIC %i | -1.10 | 0.20 | -11.65 | -4.58 | 12.23 | -4.26 | -- | 2.28 |
| 5-year avg ROE %i | -- | -- | -- | -1.73 | 2.64 | 1.10 | -- | -- |
| EBIT margin %i | -1.38 | -0.96 | -224.35 | -10.95 | 48.00 | -27.30 | -- | 10.47 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | 15.66 |
| Current ratioi | 2.84 | 2.80 | 2.57 | 1.27 | 0.90 | 0.63 | -- | 1.09 |
| Quick ratioi | 2.69 | 2.60 | 2.38 | 0.91 | 0.42 | 0.58 | -- | 0.96 |
| Debt / assetsi | 1.65 | 7.00 | 38.03 | 19.68 | 26.57 | 31.72 | -- | 22.84 |
| LT debt / equityi | 1.89 | 7.09 | 86.89 | 51.65 | 47.55 | 26.94 | -- | 39.46 |
| Interest coveragei | -0.95 | -3.19 | -11.53 | -6.95 | -- | -3.51 | -- | 1.81 |
| Revenue CAGR (3Y) %i | -- | 26.40 | -13.17 | -16.53 | -26.34 | 16.62 | -- | 21.85 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | 40.38 | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -- | 1.51 | 5.18 | -3.38 |
| ROA %i | -- | -- | -- | 0.77 | 2.62 | -1.87 |
| ROIC %i | -- | -- | -- | 2.28 | 4.21 | -1.99 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -- | -- | -- | 10.47 | 15.95 | -10.69 |
| FCF / sales %i | -- | -- | -- | 15.66 | 25.15 | 26.46 |
| Current ratioi | 0.53 | 1.13 | 0.96 | 1.09 | 1.22 | 1.22 |
| Quick ratioi | 0.48 | 1.00 | 0.83 | 0.96 | 1.13 | 1.13 |
| Debt / assetsi | 32.87 | 24.26 | 24.18 | 22.84 | 22.22 | 22.63 |
| LT debt / equityi | 29.84 | 40.73 | 41.57 | 39.46 | 38.44 | 37.75 |
| Interest coveragei | -- | -- | -- | 1.81 | 4.04 | -4.17 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Sphere is the largest reported line at 72.17% of revenue, across 2 reported segments.
- The next-largest line, Madison Square Garden (MSG) Networks, is a distant second at 27.83% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Sphere72.17%
Madison Square Garden (MSG) Networks27.83%
Quote time 2026-10-08 07:25:31 · For reference only, not investment advice and not tailored to your situation.