NYSE : TKO
TKO Group Holdings, Inc. — Financial statements
Communication Services · Entertainment · United States
Last price 180.68 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 34.20B
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Financial statements
TKO Group Holdings, Inc. (TKO) reported revenue of 5.30B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.30B | 4.74B | 4.88B | 3.22B | 1.14B | 1.03B |
| Cost of Revenue | 2.15B | 1.90B | 2.62B | 1.58B | 325.59M | 335.60M |
| Gross Profit | 3.15B | 2.83B | 2.26B | 1.65B | 814.56M | 696.34M |
| Selling, General & Admin | 1.53B | 1.46B | 1.33B | 942.88M | 210.14M | 241.95M |
| Operating Expenses | 2.02B | 1.94B | 1.79B | 1.17B | 270.17M | 305.20M |
| Operating Income | 1.14B | 890.83M | 471.31M | 481.11M | 544.39M | 391.14M |
| Interest Expense | -240.94M | -202.72M | -235.79M | -229.60M | -139.57M | -102.25M |
| Earnings From Equity Investments | 802.00K | 13.44M | 1.78M | 9.21M | -209.00K | |
| Currency Exchange Gain (Loss) | 12.20M | 12.20M | 9.60M | -11.70M | -1.30M | -400.00K |
| Other Non Operating Income (Expenses) | -10.10M | -29.57M | -14.96M | 32.51M | 29.00K | 904.00K |
| EBT Excluding Unusual Items | 898.84M | 684.18M | 231.94M | 281.52M | 403.34M | 289.39M |
| Merger & Restructuring Charges | -5.20M | -44.00M | -21.20M | -83.80M | ||
| Impairment of Goodwill | -7.50M | |||||
| Gain (Loss) on Sale of Investments | -4.90M | -9.60M | ||||
| Gain (Loss) on Sale of Assets | 1.30M | |||||
| Asset Writedown | -47.20M | -3.10M | -27.93M | -14.03M | ||
| Legal Settlements | -153.12M | -375.00M | ||||
| Other Unusual Items | -8.72M | -8.72M | -16.23M | |||
| Pretax Income | 754.70M | 620.06M | -208.42M | 176.19M | 403.34M | 289.39M |
| Income Tax Expense | 93.33M | 73.77M | 37.26M | 33.20M | 14.32M | 15.77M |
| Earnings From Continuing Operations | 661.36M | 546.29M | -245.68M | 143.00M | 389.02M | 273.62M |
| Minority Interest in Earnings | -431.81M | -350.89M | 255.09M | 80.48M | -1.75M | -1.28M |
| Net Income | 229.56M | 195.40M | 9.41M | 223.48M | 387.27M | 272.34M |
| Preferred Dividends & Other Adjustments | 258.70M | 272.34M | ||||
| Net Income to Common | 229.56M | 195.40M | 9.41M | -35.23M | 387.27M | |
| Shares Outstanding (Basic) | 78.01M | 80.82M | 81.34M | 82.81M | 83.16M | |
| Shares Outstanding (Diluted) | 195.45M | 194.01M | 171.87M | 82.81M | 83.95M | |
| EPS (Basic) | 2.94 | 2.42 | 0.12 | -0.43 | 4.66 | |
| EPS (Diluted) | 2.85 | 2.26 | 0.02 | -0.43 | 4.61 | |
| Free Cash Flow | 1.67B | 1.16B | 467.27M | 172.41M | 489.32M | 430.10M |
| Free Cash Flow Per Share | 8.56 | 5.97 | 2.72 | 2.08 | 5.83 | |
| Dividend Per Share | 3.11 | 2.30 | ||||
| Gross Margin | 59.46% | 59.81% | 46.28% | 51.11% | 71.44% | 67.48% |
| Operating Margin | 21.44% | 18.81% | 9.65% | 14.92% | 47.75% | 37.90% |
| Profit Margin | 4.33% | 4.13% | 0.19% | -1.09% | 33.97% | |
| Free Cash Flow Margin | 31.54% | 24.47% | 9.57% | 5.35% | 42.92% | 41.68% |
| EBITDA | 1.62B | 1.38B | 929.23M | 705.16M | 604.42M | 454.39M |
| EBITDA Margin | 30.56% | 29.06% | 19.02% | 21.87% | 53.01% | 44.03% |
| D&A For EBITDA | 483.26M | 484.99M | 457.93M | 224.05M | 60.03M | 63.25M |
| EBIT | 1.14B | 890.83M | 471.31M | 481.11M | 544.39M | 391.14M |
| EBIT Margin | 21.44% | 18.81% | 9.65% | 14.92% | 47.75% | 37.90% |
| Effective Tax Rate | 12.37% | 11.90% | 18.84% | 3.55% | 5.45% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 592.49M | 831.10M | 619.79M | 235.84M | 180.57M | 874.69M |
| Cash & Short-Term Investments | 592.49M | 831.10M | 619.79M | 235.84M | 180.57M | 874.69M |
| Accounts Receivable | 1.08B | 565.54M | 453.46M | 147.03M | 69.29M | 21.57M |
| Other Receivables | 151.54M | 36.34M | 20.82M | |||
| Receivables | 1.23B | 601.88M | 474.29M | 147.03M | 69.29M | 21.57M |
| Inventory | 50.44M | 57.13M | 50.31M | |||
| Prepaid Expenses | 181.16M | 199.27M | 107.35M | 73.53M | 8.30M | |
| Restricted Cash | 959.68M | 354.86M | 58.30M | |||
| Other Current Assets | 199.37M | 284.83M | 218.46M | 36.03M | 10.14M | 52.01M |
| Total Current Assets | 3.21B | 2.33B | 1.53B | 492.43M | 268.30M | 948.26M |
| Property, Plant & Equipment | 931.77M | 926.55M | 943.06M | 899.63M | 198.32M | 193.21M |
| Long-Term Investments | 128.05M | 131.56M | 101.22M | 16.39M | 5.42M | 1.75M |
| Goodwill | 8.45B | 8.44B | 8.44B | 7.67B | 2.60B | 2.60B |
| Other Intangible Assets | 3.15B | 3.33B | 3.65B | 3.56B | 475.76M | 522.35M |
| Long-Term Accounts Receivable | 43.91M | 42.26M | ||||
| Long-Term Deferred Tax Assets | 2.12M | 2.18M | ||||
| Other Long-Term Assets | 357.27M | 293.65M | 447.12M | 52.14M | 28.17M | 25.79M |
| Total Assets | 16.26B | 15.50B | 15.11B | 12.69B | 3.58B | 4.30B |
| Accounts Payable | 282.82M | 194.81M | 246.35M | 42.04M | 16.84M | 11.64M |
| Accrued Expenses | 664.29M | 549.47M | 419.22M | 243.29M | 114.15M | 93.06M |
| Current Portion of Long-Term Debt | 45.50M | 38.06M | 26.98M | 22.37M | 22.68M | 22.89M |
| Current Portion of Leases | 43.80M | 40.39M | 32.61M | 12.38M | 1.79M | 1.58M |
| Current Unearned Revenue | 1.35B | 996.57M | 416.69M | 118.99M | 71.62M | 50.69M |
| Other Current Liabilities | 125.47M | 27.87M | 271.94M | 33.07M | 3.09M | 7.45M |
| Total Current Liabilities | 2.51B | 1.85B | 1.41B | 472.14M | 230.18M | 187.32M |
| Long-Term Debt | 4.58B | 3.72B | 2.74B | 2.71B | 2.74B | 2.81B |
| Long-Term Leases | 280.55M | 260.52M | 288.43M | 278.20M | 22.59M | 18.59M |
| Long-Term Unearned Revenue | 155.31M | 40.19M | 54.01M | 672.00K | 11.06M | 17.50M |
| Long-Term Deferred Tax Liabilities | 301.14M | 301.75M | 360.55M | 372.86M | 1.13M | |
| Other Long-Term Liabilities | 65.11M | 72.06M | 116.84M | 2.37M | 1.76M | 4.30M |
| Total Liabilities | 7.90B | 6.25B | 4.97B | 3.84B | 3.00B | 3.04B |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 568.07M | 1.25B |
| Additional Paid-In Capital | 4.83B | 4.55B | 4.39B | 4.24B | ||
| Retained Earnings | -1.41B | -797.31M | -291.73M | -135.23M | ||
| Comprehensive Income & Other | -20.46M | -17.46M | -2.55M | -332.00K | 846.00K | -2.52M |
| Total Common Equity | 3.40B | 3.74B | 4.09B | 4.11B | 568.92M | 1.25B |
| Minority Interest | 4.97B | 5.51B | 6.05B | 4.74B | 9.91M | 9.70M |
| Shareholders' Equity | 8.37B | 9.25B | 10.14B | 8.85B | 578.82M | 1.26B |
| Total Liabilities & Equity | 16.26B | 15.50B | 15.11B | 12.69B | 3.58B | 4.30B |
| Total Debt | 4.95B | 4.06B | 3.08B | 3.03B | 2.78B | 2.85B |
| Net Cash (Debt) | -4.36B | -3.23B | -2.46B | -2.79B | -2.60B | -1.98B |
| Net Cash Per Share | -22.31 | -16.66 | -14.33 | -33.71 | -31.00 | |
| Filing Date Shares Outstanding | 73.11M | 77.97M | 81.55M | 82.32M | 83.16M | |
| Total Common Shares Outstanding | 74.33M | 77.77M | 81.20M | 82.29M | 83.16M | |
| Working Capital | 697.83M | 481.90M | 114.70M | 20.29M | 38.12M | 760.94M |
| Book Value Per Share | 45.69 | 48.06 | 50.38 | 49.93 | 6.84 | |
| Tangible Book Value | -8.20B | -8.04B | -8.00B | -7.12B | -2.51B | -1.88B |
| Tangible Book Value Per Share | -110.27 | -103.33 | -98.53 | -86.53 | -30.18 | |
| Land | 51.91M | 50.63M | 80.92M | 50.54M | 48.78M | |
| Buildings | 454.79M | 424.54M | 394.48M | 116.86M | 117.11M | |
| Machinery | 434.24M | 385.46M | 200.94M | 59.29M | 51.68M | |
| Construction In Progress | 70.25M | 48.48M | 20.39M | 7.05M | 2.08M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 229.56M | 195.40M | 9.41M | 143.00M | 387.27M | 272.34M |
| Depreciation & Amortization | 483.26M | 484.99M | 457.93M | 224.05M | 60.03M | 63.25M |
| Other Amortization | 29.49M | 29.01M | 37.97M | 35.56M | 25.17M | 18.50M |
| Loss (Gain) From Sale of Assets | 9.47M | 10.52M | 84.11M | |||
| Asset Writedown & Restructuring Costs | 47.69M | 3.59M | 27.93M | 21.53M | ||
| Loss (Gain) From Sale of Investments | -5.33M | -5.33M | -3.83M | -5.72M | -889.00K | |
| Loss (Gain) on Equity Investments | -13.44M | -13.44M | -1.78M | -9.21M | 209.00K | |
| Stock-Based Compensation | 134.30M | 117.59M | 103.47M | 64.51M | 23.74M | 63.85M |
| Provision & Write-off of Bad Debts | 12.84M | 12.84M | -1.41M | 5.88M | 3.29M | -841.00K |
| Other Operating Activities | 504.52M | 398.38M | -310.87M | -12.96M | 4.08M | 123.00K |
| Change in Accounts Receivable | -436.89M | -140.21M | -66.65M | 30.45M | -26.40M | 4.40M |
| Change in Accounts Payable | 834.33M | 97.66M | 308.36M | 24.86M | 19.66M | 25.98M |
| Change in Unearned Revenue | 146.37M | 241.60M | -258.13M | 142.46M | 10.73M | 29.54M |
| Change in Other Net Operating Assets | -181.03M | -146.87M | 199.60M | -398.24M | -6.06M | -35.02M |
| Operating Cash Flow | 1.80B | 1.29B | 586.08M | 266.16M | 501.72M | 441.24M |
| Capital Expenditures | -122.77M | -126.95M | -118.82M | -93.75M | -12.40M | -11.13M |
| Sale of Property, Plant & Equipment | 106.00K | 5.80M | 28.36M | |||
| Cash Acquisitions | -8.68M | -8.68M | 381.15M | |||
| Investment in Securities | -20.45M | -28.74M | -35.12M | -250.00K | -875.00K | -499.00K |
| Other Investing Activities | 6.66M | 11.68M | 8.33M | -2.12M | 15.00K | 150.00K |
| Investing Cash Flow | -145.12M | -146.89M | -117.24M | 285.03M | -13.26M | -11.48M |
| Short-Term Debt Issued | 311.00K | |||||
| Long-Term Debt Issued | 1.05B | 2.95B | 142.91M | 594.30M | ||
| Total Debt Issued | 1.98B | 1.05B | 2.95B | 143.22M | 594.30M | |
| Long-Term Debt Repaid | -70.41M | -2.94B | -176.96M | -82.60M | -207.90M | |
| Net Debt Issued (Repaid) | 1.87B | 982.04M | 7.06M | -33.74M | -82.60M | 386.40M |
| Issuance of Common Stock | 1.00K | 26.50M | 6.39M | 5.81M | 53.09M | |
| Repurchase of Common Stock | -1.85B | -877.63M | -170.66M | -100.00M | ||
| Common Dividends Paid | -73.71M | -185.16M | -321.01M | -1.10B | -269.08M | |
| Other Financing Activities | -882.68M | -581.48M | 2.26M | -46.17M | -2.88M | -7.91M |
| Financing Cash Flow | -940.71M | -635.73M | -154.96M | -495.10M | -1.18B | 162.51M |
| Foreign Exchange Rate Adjustments | -15.64M | 4.76M | -7.64M | -235.00K | -1.19M | 227.00K |
| Net Cash Flow | 693.66M | 507.88M | 306.24M | 55.85M | -694.11M | 592.49M |
| Free Cash Flow | 1.67B | 1.16B | 467.27M | 172.41M | 489.32M | 430.10M |
| Free Cash Flow Margin | 31.54% | 24.47% | 9.57% | 5.35% | 42.92% | 41.68% |
| Free Cash Flow Per Share | 8.56 | 5.97 | 2.72 | 2.08 | 5.83 | |
| Levered Free Cash Flow | 856.15M | 759.96M | 892.44M | 450.38M | 378.26M | |
| Unlevered Free Cash Flow | 1.00B | 883.91M | 1.03B | 583.30M | 454.85M | |
| Cash Interest Paid | 247.50M | 215.04M | 267.51M | 227.14M | 118.31M | 84.15M |
| Cash Income Tax Paid | 114.62M | 57.32M | 98.63M | 25.64M | 14.79M | 18.58M |
| Change in Working Capital | 362.79M | 52.18M | 183.18M | -200.47M | -2.08M | 24.90M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 34.20B | 16.49B | 11.54B | 6.69B | 2.97B | 2.21B |
| Enterprise Value | 38.56B | 25.30B | 18.70B | 14.34B | ||
| Last Close Price | 180.68 | 206.51 | 138.67 | 79.60 | 64.22 | 45.91 |
| PE Ratio | 63.37 | 84.41 | 1,226.59 | 7.66 | ||
| Forward PE | 35.18 | 37.42 | 59.15 | 28.74 | ||
| PS Ratio | 6.45 | 3.48 | 2.36 | 2.08 | 2.60 | 2.14 |
| PB Ratio | 3.95 | 1.78 | 1.14 | 0.76 | 5.13 | 1.75 |
| P/FCF Ratio | 20.45 | 14.23 | 24.70 | 38.83 | 6.06 | 5.13 |
| P/OCF Ratio | 19.05 | 12.83 | 19.69 | 25.15 | 5.91 | 5.00 |
| PEG Ratio | 1.38 | 0.47 | 1.87 | 1.87 | ||
| EV/Sales Ratio | 7.27 | 5.34 | 3.83 | 4.45 | ||
| EV/EBITDA Ratio | 23.80 | 18.39 | 20.13 | 20.33 | ||
| EV/EBIT Ratio | 33.92 | 28.41 | 39.68 | 29.80 | ||
| EV/FCF Ratio | 23.06 | 21.84 | 40.02 | 83.15 | ||
| Debt / Equity Ratio | 0.59 | 0.44 | 0.30 | 0.34 | 4.81 | 2.27 |
| Debt / EBITDA Ratio | 3.02 | 2.91 | 3.24 | 4.18 | 4.59 | 6.24 |
| Debt / FCF Ratio | 2.96 | 3.51 | 6.60 | 17.56 | 5.69 | 6.63 |
| Net Debt / Equity Ratio | 0.52 | 0.35 | 0.24 | 0.32 | 4.50 | 1.57 |
| Net Debt / EBITDA Ratio | 2.69 | 2.35 | 2.65 | 3.96 | 4.31 | 4.35 |
| Net Debt / FCF Ratio | 2.61 | 2.79 | 5.27 | 16.19 | 5.32 | 4.60 |
| Asset Turnover | 0.34 | 0.31 | 0.35 | 0.40 | 0.29 | |
| Inventory Turnover | 44.36 | 35.43 | ||||
| Quick Ratio | 0.72 | 0.78 | 0.77 | 0.81 | 1.09 | 4.79 |
| Current Ratio | 1.28 | 1.26 | 1.08 | 1.04 | 1.17 | 5.06 |
| Return on Equity (ROE) | 7.06% | 5.63% | -2.59% | 3.03% | 42.34% | |
| Return on Assets (ROA) | 4.50% | 3.64% | 2.12% | 3.70% | 8.64% | |
| Return on Invested Capital (ROIC) | 7.84% | 6.26% | 3.89% | 5.27% | 16.36% | 11.43% |
| Return on Capital Employed (ROCE) | 8.30% | 6.50% | 3.40% | 3.90% | 16.20% | 9.50% |
| Earnings Yield | 1.58% | 1.19% | 0.08% | 3.34% | 13.05% | 12.34% |
| FCF Yield | 4.89% | 7.03% | 4.05% | 2.57% | 16.49% | 19.49% |
| Dividend Yield | 1.75% | 1.08% | ||||
| Payout Ratio | 110.13% | 94.75% | 143.64% | 282.98% | 98.80% | |
| Buyback Yield / Dilution | 13.63% | -12.88% | -107.56% | 1.36% | ||
| Total Shareholder Return | 15.38% | -11.79% | -107.56% | 1.36% |