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

Sphere Entertainment's (SPHR) quarterly FCF Margin came in at 15.35% in Q2 2026, down 145.15% on a QoQ basis from 33.99% in Q1 2026.

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

Sphere Entertainment (SPHR) has 8 years of FCF Margin data on file, last reported at 15.35% in Q2 2026.

Quarterly FCF Margin changed N/A year-over-year to 15.35% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 21.85% (changed N/A YoY) and the FY2025 annual result came in at 15.66%, up 1717.0% from the prior year.
FCF Margin eased to 15.35% in Q2 2026, from 33.99% in the prior quarter.
In the past five years, FCF Margin ranged from a high of 81.77% in Q4 2022 to a low of 285.29% in Q3 2022.
A 5-year average of 43.56% and a median of 0.95% in 2024 frame the typical range for FCF Margin.
Annual changes were most pronounced in 2022 — FCF Margin sank 19320 bps — and 2024, when it jumped 22119 bps.
Tracing SPHR's FCF Margin over 5 years: stood at 81.77% in 2022, then tumbled by 89 bps to 9.18% in 2023, then tumbled by 87 bps to 1.21% in 2024, then soared by 4383 bps to 54.1% in 2025, then slumped by 128 bps to 15.35% in 2026.
The last three FCF Margin figures came in at 15.35% (Q2 2026), 33.99% (Q1 2026), and 54.1% (Q4 2025), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Netflix	325.80 Bn	316.67 Bn	6.52 Bn	12.14%
2	Walt Disney	180.88 Bn	175.70 Bn	11.57 Bn	12.17%
3	Warner Bros. Discovery	71.60 Bn	68.23 Bn	4.10 Bn	6.56%
4	Live Nation Entertainment	41.97 Bn	32.90 Bn	1.94 Bn	1.69%
5	Fox	26.42 Bn	22.22 Bn	-	17.24%
6	Liberty Media	23.42 Bn	21.96 Bn	329.00 Mn	35.01%
7	Roku	23.35 Bn	20.80 Bn	673.70 Mn	20.15%
8	News	18.65 Bn	16.55 Bn	-	11.81%
9	TKO Group Holdings	14.38 Bn	12.83 Bn	990.96 Mn	21.22%
10	Sphere Entertainment	5.92 Bn	5.37 Bn	162.58 Mn	-15.35%

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