Sphere Entertainment (SPHR) Invested Capital (2019 - 2026)
Sphere Entertainment (SPHR) posted Invested Capital of $57.7 million for Q1 2026, down 8.44% on a QoQ basis from $63.0 million in Q4 2025, and down 92.83% year-over-year from $804.1 million in Q1 2025.
Sphere Entertainment (SPHR) Invested Capital (2019 - 2026) Analysis & Trends
Sphere Entertainment's Invested Capital history runs 8 years deep, the most recent figure standing at $57.7 million for Q1 2026.
- Quarterly Invested Capital fell 92.83% year-over-year to $57.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $268.3 million (down 91.9% YoY) and the FY2025 annual result came in at $63.0 million, down 92.4% from the prior year.
- Invested Capital was $57.7 million for Q1 2026 at Sphere Entertainment, down from $63.0 million in the prior quarter.
- Across five years, Invested Capital topped out at $890.1 million in Q4 2023 and bottomed at $57.7 million in Q1 2026.
- A 5-year average of $349.7 million and a median of $98.8 million in 2023 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2024 — Invested Capital soared 929.62% — and 2025, when it slumped 93.08%.
- Sphere Entertainment's Invested Capital stood at $102.5 million in 2022, then jumped by 768.4% to $890.1 million in 2023, then decreased by 6.85% to $829.1 million in 2024, then slumped by 92.4% to $63.0 million in 2025, then dropped by 8.44% to $57.7 million in 2026.
- Business Quant data shows SPHR's Invested Capital at $57.7 million in Q1 2026, $63.0 million in Q4 2025, and $88.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 286.85 Bn | 277.73 Bn | 6.52 Bn | 2.48 Bn |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | 8.89 Bn |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | 1.49 Bn |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | 1.80 Bn |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | 53.00 Mn |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | - |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | 45.89 Mn |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | - |
| 9 | News | 16.48 Bn | 15.01 Bn | - | - |
| 10 | Sphere Entertainment | 4.78 Bn | 4.15 Bn | 216.77 Mn | 57.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 57.69 Mn |
| Dec 31, 2025 | 63.01 Mn |
| Sep 30, 2025 | 88.79 Mn |
| Jun 30, 2025 | 58.80 Mn |
| Mar 31, 2025 | 804.13 Mn |
| Dec 31, 2024 | 829.13 Mn |
| Sep 30, 2024 | 829.09 Mn |
| Jun 30, 2024 | 849.44 Mn |
| Mar 31, 2024 | 869.78 Mn |
| Dec 31, 2023 | 890.11 Mn |
| Sep 30, 2023 | 103.13 Mn |
| Jun 30, 2023 | 82.50 Mn |
| Mar 31, 2023 | 98.75 Mn |
| Dec 31, 2022 | 102.50 Mn |
| Sep 30, 2022 | 86.17 Mn |
| Jun 30, 2022 | 66.00 Mn |
| Mar 31, 2022 | 65.99 Mn |
| Dec 31, 2021 | 56.48 Mn |
| Sep 30, 2021 | 55.23 Mn |
| Jun 30, 2021 | 53.97 Mn |