Growth Metrics

Sphere Entertainment (SPHR) Invested Capital (2019 - 2026)

Sphere Entertainment posted quarterly Invested Capital of $2.9 billion for Q1 2026, down 15.94% year-on-year from $3.5 billion in Q1 2025, and little changed on a QoQ basis from $2.9 billion in Q4 2025.

Sphere Entertainment (SPHR) has 8 years of Invested Capital data on file, last reported at $2.9 billion in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital fell 15.94% year-over-year to $2.9 billion; the trailing twelve-month figure through Mar 2026 stood at $2.9 billion (down 15.94% YoY), and the FY2025 full-year result was $2.9 billion, down 3.45% from the prior year.
  • Invested Capital for Q1 2026 stood at $2.9 billion, roughly flat from $2.9 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $3.9 billion in Q4 2023 and bottomed at $1.2 billion in Q3 2023.
  • The 5-year median for Invested Capital is $2.9 billion (2025), against an average of $2.9 billion.
  • The widest annual swing landed in 2023, when Invested Capital slumped 40.07%; it then soared 206.02% in 2024.
  • A 5-year view of Invested Capital shows it stood at $2.1 billion in 2022, then surged by 83.36% to $3.9 billion in 2023, then dropped by 22.09% to $3.0 billion in 2024, then retreated by 3.45% to $2.9 billion in 2025, then decreased by 0.03% to $2.9 billion in 2026.
  • The last three Invested Capital figures came in at $2.9 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.9 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Netflix 362.63 Bn 350.34 Bn 11.41 Bn 32.13 Bn
2 Walt Disney 181.67 Bn 188.27 Bn 23.68 Bn 124.20 Bn
3 Warner Bros. Discovery 67.91 Bn 65.77 Bn 4.25 Bn 66.17 Bn
4 Live Nation Entertainment 39.56 Bn 31.10 Bn 1.31 Bn 1.66 Bn
5 Fox 26.01 Bn 22.51 Bn - 10.97 Bn
6 Liberty Media 21.20 Bn 21.87 Bn 298.00 Mn 7.78 Bn
7 Roku 19.03 Bn 16.65 Bn 564.94 Mn 2.67 Bn
8 News 16.98 Bn 15.50 Bn - 11.27 Bn
9 TKO Group Holdings 16.11 Bn 14.42 Bn 862.52 Mn 8.54 Bn
10 Sphere Entertainment 5.26 Bn 4.63 Bn 216.77 Mn 2.93 Bn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 2.93 Bn
Dec 31, 2025 2.93 Bn
Sep 30, 2025 2.89 Bn
Jun 30, 2025 3.06 Bn
Mar 31, 2025 3.48 Bn
Dec 31, 2024 3.03 Bn
Sep 30, 2024 3.68 Bn
Jun 30, 2024 3.80 Bn
Mar 31, 2024 3.85 Bn
Dec 31, 2023 3.89 Bn
Sep 30, 2023 1.20 Bn
Jun 30, 2023 3.43 Bn
Mar 31, 2023 2.12 Bn
Dec 31, 2022 2.12 Bn
Sep 30, 2022 2.00 Bn
Jun 30, 2022 2.89 Bn
Mar 31, 2022 2.19 Bn
Dec 31, 2021 2.18 Bn
Sep 30, 2021 2.15 Bn
Jun 30, 2021 2.23 Bn
Mar 31, 2021 2.30 Bn
Dec 31, 2020 2.29 Bn
Sep 30, 2020 2.29 Bn
Jun 30, 2020 2.33 Bn
Mar 31, 2020 2.85 Bn
Dec 31, 2019 2.63 Bn
Sep 30, 2019 2.50 Bn
Jun 30, 2019 2.18 Bn
Mar 31, 2019 2.64 Bn