A Business at a Glance
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TKO is a premium sports and entertainment company. TKO's businesses include UFC, the world’s premier mixed martial arts (“MMA”) organization; WWE, the global leader in sports entertainment; Professional Bull Riders (“PBR”), the world’s premier bull riding organization; and its joint venture Zuffa Boxing, a professional boxing promotion. Together, these properties reach more than 1 billion households across 210 countries and territories and organize more than 500 live events year-round, attracting more than three million fans. TKO also services and partners with major sports rights holders through IMG, an industry-leading global sports marketing agency; and On Location, a global leader in premium experiential hospitality. TKO was initially established through the combination of UFC and WWE in September 2023. The combination of these two businesses united two complementary sports and sports entertainment properties in a single company.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.7B | 4.7B | 4.9B | 3.2B | 1.1B | 1.0B |
| Net Income | 195M | 195M | 9.4M | -35M | 389M | 274M |
| EPS | $2.26 | $2.26 | $0.02 | $-0.43 | - | - |
| Free Cash Flow | 1.3B | 1.3B | 574M | 243M | 498M | 440M |
| ROIC | 9.0% | 11.3% | 0.3% | 5.6% | 28.0% | - |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.02 | 1.02 | 0.69 | 0.67 | 4.89 | - |
| Dividends/Share | $2.14 | $2.14 | - | $3.86 | - | - |
| Operating Income | 835M | 835M | 31M | 376M | 544M | 391M |
| Operating Margin | 17.6% | 17.6% | 0.6% | 11.7% | 47.7% | 37.9% |
| ROE | 5.2% | 5.0% | 0.2% | -1.5% | 42.8% | - |
| Shares Outstanding | 86M | 86M | 470M | 82M | - | - |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 1.0B | 1.1B | 3.2B | 4.9B | 4.7B | 4.7B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 242M | 210M | 1.0B | 1.8B | 1.5B | 1.5B |
| EBIT | 391M | 544M | 376M | 31M | 835M | 835M |
| Op. Margin | 37.9% | 47.7% | 11.7% | 0.6% | 17.6% | 17.6% |
| Net Income | 274M | 389M | -35M | 9.4M | 195M | 195M |
| Net Margin | 26.5% | 34.1% | -1.1% | 0.2% | 4.1% | 4.1% |
| Non-Recurring | 0 | 0 | 49M | 17M | -120K | -120K |
| Returns on Capital | ||||||
| ROIC | N/A | 28.0% | 5.6% | 0.3% | 11.3% | 9.0% |
| ROE | N/A | 42.8% | -1.5% | 0.2% | 5.0% | 5.2% |
| ROA | N/A | 21.4% | -0.4% | 0.1% | 1.3% | 1.3% |
| Cash Flow | ||||||
| Op. Cash Flow | 441M | 502M | 266M | 586M | 1.3B | 1.3B |
| Free Cash Flow | 440M | 498M | 243M | 574M | 1.3B | 1.3B |
| Owner Earnings | 314M | 418M | -22M | 25M | 683M | 683M |
| CapEx | 1.7M | 3.8M | 23M | 12M | 0 | 0 |
| Maint. CapEx | 63M | 60M | 224M | 458M | 485M | 485M |
| Growth CapEx | 0 | 0 | 0 | 0 | N/A | 0 |
| D&A | 63M | 60M | 224M | 458M | 485M | 485M |
| CapEx/OCF | N/A | 2.5% | 10.4% | 20.3% | 9.9% | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 185M | 185M |
| Dividend Yield | N/A | N/A | N/A | N/A | 1.3% | 1.1% |
| Share Buybacks | 0 | 0 | 100M | 165M | 867M | 867M |
| Buyback Yield | 0.0% | N/A | 0.7% | 0.6% | 2.1% | 5.1% |
| Stock-Based Comp | 64M | 24M | 65M | 103M | 118M | 118M |
| Debt Repayment | 208M | 83M | 177M | 2.9B | 70M | 70M |
| Balance Sheet | ||||||
| Net Debt | -667M | 2.6B | 2.5B | 2.2B | 3.0B | 3.0B |
| Cash & Equiv. | 875M | 181M | 236M | 620M | 831M | 831M |
| Long-Term Debt | 208M | 2.7B | 2.7B | 2.7B | 3.7B | 3.7B |
| Debt/Equity | N/A | 4.89 | 0.67 | 0.69 | 1.02 | 1.02 |
| Interest Coverage | 3.8 | 3.9 | 1.6 | 0.1 | 4.1 | 4.1 |
| Equity | N/A | 569M | 4.1B | 4.1B | 3.7B | 3.7B |
| Total Assets | N/A | 3.6B | 12.7B | 15.1B | 15.5B | 15.5B |
| Total Liabilities | 26M | 3.0B | 3.8B | 5.0B | 6.2B | 6.2B |
| Intangibles | N/A | 476M | 3.6B | 3.6B | 3.3B | 3.3B |
| Retained Earnings | N/A | N/A | -135M | -292M | -797M | -797M |
| Working Capital | N/A | 38M | 20M | 115M | 482M | 482M |
| Current Assets | 16M | 268M | 492M | 1.5B | 2.3B | 2.3B |
| Current Liabilities | N/A | 230M | 472M | 1.4B | 1.8B | 1.8B |
| Per Share Data | ||||||
| EPS | N/A | N/A | -0.43 | 0.02 | 2.26 | 2.26 |
| Owner EPS | N/A | N/A | -0.27 | 0.05 | 7.90 | 7.90 |
| Book Value | N/A | N/A | 50.16 | 8.70 | 43.23 | 43.23 |
| Cash Flow/Share | N/A | N/A | 3.25 | 1.25 | 14.87 | 7.87 |
| Dividends/Share | N/A | N/A | 3.86 | N/A | 2.14 | 2.14 |
| Shares Out. | N/A | N/A | 81.9M | 470.4M | 86.5M | 86.5M |
| Valuation | ||||||
| P/E Ratio | N/A | 28.4 | N/A | N/A | 96.2 | 86.5 |
| P/FCF | N/A | N/A | 27.1 | 116.6 | 14.6 | 13.1 |
| EV/EBIT | N/A | 24.7 | 35.9 | 942.3 | 53.1 | 23.8 |
| Price/Book | N/A | 19.4 | 3.4 | 6.7 | 11.3 | 4.5 |
| Price/Sales | N/A | 9.3 | 9.1 | 4.2 | 7.0 | 3.6 |
| FCF Yield | N/A | 4.5% | 1.8% | 2.1% | 3.0% | 7.6% |
| Market Cap | 0 | 11.0B | 13.8B | 27.6B | 42.2B | 16.9B |
| Avg. Price | 0.00 | 61.39 | 89.14 | 106.02 | 171.02 | 195.47 |
| Year-End Price | 0.00 | 64.04 | 80.43 | 142.23 | 217.44 | 195.47 |
TKO Group Holdings, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
TKO Group Holdings, Inc. trades at 86.5x trailing earnings, compared to its 15-year median P/E of 62.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.2x vs a median of 20.8x. The company's 5-year average ROIC is 11.3%. Total shareholder yield (dividends + buybacks) is 6.2%. At current prices, the estimated annualized return to fair value is +17.9%.
TKO Group Holdings, Inc. (TKO) has a current P/E ratio of 86.5, compared to its historical median P/E of 62.3. The stock is currently considered Fair based on its historical valuation range.
TKO Group Holdings, Inc. (TKO) has a 5-year average return on invested capital (ROIC) of 11.3%. This indicates solid capital allocation.
TKO Group Holdings, Inc. (TKO) has a market capitalization of $16.9B. It is classified as a large-cap stock.
Yes, TKO Group Holdings, Inc. (TKO) pays a dividend with a trailing twelve-month yield of 1.10%. The company also returns capital through share buybacks, with a buyback yield of 5.13%.
Based on historical P/E analysis, TKO Group Holdings, Inc. (TKO) appears fair. The current P/E of 86.5 is 39% above its historical median of 62.3. The estimated fair value CAGR (P/E method) is -12.3%.
TKO Group Holdings, Inc. (TKO) operates in the Services-Amusement & Recreation Services industry, within the Consumer Cyclical sector.
TKO Group Holdings, Inc. (TKO) reported annual revenue of $4.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
TKO Group Holdings, Inc. (TKO) has a net profit margin of 4.1%. This is a modest margin.
TKO Group Holdings, Inc. (TKO) generated $1.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TKO Group Holdings, Inc. (TKO) has a debt-to-equity ratio of 1.02. This indicates moderate leverage.
TKO Group Holdings, Inc. (TKO) reported earnings per share (EPS) of $2.26 in its most recent fiscal year.
TKO Group Holdings, Inc. (TKO) has a return on equity (ROE) of 5.0%. This indicates moderate shareholder returns.
The Ledger Terminal provides 5 years of financial data for TKO Group Holdings, Inc. (TKO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TKO Group Holdings, Inc. (TKO) has a book value per share of $43.23, based on its most recent annual SEC filing.