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Sphere Entertainment SPHR Return on invested capital

Return on invested capital at other companies

Netflix logo
NetflixNFLX
33.2%+3.2pp
Live Nation Entertainment logo
Live Nation EntertainmentLYV
37.6%
Walt Disney logo
Walt DisneyDIS
8.2%+3.1pp
Madison Square Garden Sports logo
Madison Square Garden SportsMSGS
-3.2%
Fox Corporation logo
Fox CorporationFOXA
11.1%-1.2pp
PSK
Paramount Skydance Corporation Class B Common StockPSKY
5.6%

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%
Enterprise value$5.94B+108%
P/E47×
P/S4.3×+2.6×

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.

Based on trailing twelve months.

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 return on invested capital?
Sphere Entertainment (SPHR) reported return on invested capital of -5.3% in Q1 2026.
How has Sphere Entertainment's return on invested capital changed year-over-year?
Sphere Entertainment's return on invested capital increased by 43.2% year-over-year, from -9.3% to -5.3%.
What is the long-term trend for Sphere Entertainment's return on invested capital?
Over 4 years (2021 to 2025), Sphere Entertainment's return on invested capital has grown at a 4.2% compound annual growth rate (CAGR), from -6.9% to -8.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.