Sphere Entertainment (SPHR) Return on Invested Capital [ROIC] (2020 - 2026)
Sphere Entertainment (SPHR) posted Return on Invested Capital [ROIC] of -2.04% for Q2 2026, up 1.88 percentage points from the prior quarter.
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Analysis
Sphere Entertainment (SPHR) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For FY2025, Sphere Entertainment's Return on Invested Capital [ROIC] came in at -4.28%, up 1.08 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of -10.46 percentage points (FY2020 to FY2025).
- In prior years, Sphere Entertainment's Return on Invested Capital [ROIC] was -5.35% in FY2024, -5.05% in FY2023 (-2.47 pp), -2.58% in FY2022 (+3.47 pp) and -6.05% in FY2021 (-12.24 pp).
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was -3.93% (Q1 2026), -5.06% (Q4 2025) and -12.07% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 14.92% |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | -4.82% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 8.63% |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | -15.70% |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 9.51% |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 13.52% |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | - |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 9.62% |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 9.02% |
| 10 | Sphere Entertainment | 4.41 Bn | 2.18 Bn | 131.17 Mn | -3.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -3.88% |
| Jun 30, 2026 | -2.04% |
| Mar 31, 2026 | -3.93% |
| Dec 31, 2025 | -5.06% |
| Sep 30, 2025 | -12.07% |
| Jun 30, 2025 | -9.52% |
| Mar 31, 2025 | -6.75% |
| Sep 30, 2024 | -8.72% |
| Jun 30, 2024 | -5.58% |
| Mar 31, 2024 | -8.76% |
| Dec 31, 2023 | -8.64% |
| Sep 30, 2023 | -6.96% |
| Jun 30, 2023 | -4.79% |
| Mar 31, 2023 | -6.49% |
| Dec 31, 2022 | -4.32% |
| Sep 30, 2022 | -4.70% |
| Jun 30, 2022 | -4.24% |
| Mar 31, 2022 | -3.91% |
| Dec 31, 2021 | -4.35% |
| Sep 30, 2021 | -4.75% |
API Access
Sphere Entertainment Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=SPHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "SPHR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=SPHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();