Sphere Entertainment (SPHR) FCF Margin (2019 - 2026)

Sphere Entertainment (SPHR) reported FCF Margin of 33.99% for Q1 2026, up 3796.0% on a YoY basis from 0.87% in Q1 2025, and down 24.5% quarter-over-quarter from 45.02% in Q4 2025.

Sphere Entertainment (SPHR) FCF Margin (2019 - 2026) Analysis & Trends

Sphere Entertainment has reported FCF Margin for 8 years, with the latest figure at 33.99% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin rose 3796.0% year-over-year to 33.99%; the trailing twelve-month figure through Mar 2026 stood at 23.33% (up 2089.0% YoY), and the FY2025 full-year result was 19.58%, up 2109.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 33.99%, down from 45.02% in the prior quarter.
  • The five-year high for FCF Margin was 82.61% in Q4 2022, with the low at 215.88% in Q2 2023.
  • Historically, FCF Margin has averaged 26.9% across 5 years, with a median of 7.54% in 2024.
  • Annual changes were most pronounced in 2022 — FCF Margin slumped 9343 bps — and 2024, when it jumped 22413 bps.
  • Sphere Entertainment's FCF Margin stood at 82.61% in 2022, then tumbled by 89 bps to 9.18% in 2023, then fell by 26 bps to 6.83% in 2024, then jumped by 559 bps to 45.02% in 2025, then retreated by 25 bps to 33.99% in 2026.
  • The last three FCF Margin figures came in at 33.99% (Q1 2026), 45.02% (Q4 2025), and 3.97% (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Netflix 327.69 Bn 315.40 Bn 11.41 Bn 41.59%
2 Walt Disney 184.70 Bn 191.31 Bn 23.68 Bn 19.63%
3 Warner Bros. Discovery 65.23 Bn 63.09 Bn 4.25 Bn -5.35%
4 Brera Holdings 53.07 Bn 53.07 Bn - -
5 Live Nation Entertainment 39.71 Bn 31.25 Bn 1.31 Bn 53.52%
6 Liberty Media 21.13 Bn 21.80 Bn 298.00 Mn 47.40%
7 Fox 20.41 Bn 16.92 Bn - 44.24%
8 Roku 20.39 Bn 18.01 Bn 564.94 Mn 15.91%
9 News 15.92 Bn 14.45 Bn - 18.26%
10 Sphere Entertainment 5.66 Bn 5.03 Bn 216.77 Mn 33.99%

Historic Data

Download Data
DateValue
Mar 31, 2026 33.99%
Dec 31, 2025 45.02%
Mar 31, 2025 -3.97%
Sep 30, 2024 6.83%
Jun 30, 2024 8.25%
Mar 31, 2024 28.72%
Dec 31, 2023 9.18%
Sep 30, 2023 -183.92%
Jun 30, 2023 -215.88%
Mar 31, 2023 49.29%
Dec 31, 2022 82.61%
Sep 30, 2022 -95.16%
Jun 30, 2022 -122.59%
Mar 31, 2022 -18.97%
Dec 31, 2021 62.40%
Sep 30, 2021 -92.09%
Jun 30, 2021 -29.16%
Mar 31, 2021 -11.65%
Dec 31, 2020 -68.31%
Sep 30, 2020 -122.56%