What is Sphere Entertainment's price / earnings?

Sphere Entertainment (SPHR) reported price / earnings of 34.8× in Q1 2026.

What does price / earnings mean?

Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

Sphere Entertainment SPHR Price / earnings

Price / earnings at other companies

NetflixNFLX

30.4×-12.7×

Live Nation EntertainmentLYV

42.2×—

Walt DisneyDIS

14.2×-8.2×

Madison Square Garden EntertainmentMSGE

11.9×—

Madison Square Garden SportsMSGS

967.3×—

Nexstar Media Group, Inc.NXST

11.6×+2.5×

Other financials

Income statement

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Revenue$386.4M+37.7%

Operating income$7.2M+109%

Net income$4.5M+105%

EPS (diluted)-$0.04+98.2%

Balance sheet

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Cash & equivalents$630.2M+31.8%

Total debt$938.4M-35.8%

Total equity$2.2B+4.9%

Total assets$4.2B-5.1%

Cash flow

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Operating cash flow$136.2M+2,046%

CapEx$4.9M-72.1%

Free cash flow$131.4M+1,279%

Valuation

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Market cap$5.63B+256%

Profitability

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Operating margin-28.1%-4.3pp

Net margin9%+5.2pp

FCF margin25.2%+15.7pp

Returns & leverage

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Return on equity5.5%+3.2pp

Debt / equity0.4×-0.3×

Current ratio1.2×+0.7×

Where this comes from

Calculated from Sphere Entertainment’s reported figures.

market cap/net income=34.8×

Based on the most recent quarter.

The official record: Sphere Entertainment’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sphere Entertainment's price / earnings?: Sphere Entertainment (SPHR) reported price / earnings of 34.8× in Q1 2026.
What does price / earnings mean?: Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.