Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsLatest reported annual revenue changed -3.1% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -3.1% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- 3 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin improved
Operating margin changed +17.0 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- World Wrestling Entertainment Segment$1.71B36.1%+22.3% yoy
- Ultimate Fighting Championship Segment$1.5B31.7%+6.8% yoy
- IMG Segment$1.37B28.9%-30.6% yoy
- Corporate And Other$199M4.2%+16.9% yoy
- Eliminations-$42.7M-0.9%-29.5% yoy
Members sum to the consolidated $4.74B for this period.
- Media Rights Production And Content$2.61B54.5%+4.3% yoy
- Live Events And Hospitality$1.34B28.0%-25.2% yoy
- Partnerships And Marketing$589M12.3%+32.3% yoy
- Consumer Products Licensing And Other$245M5.1%+16.3% yoy
Members sum to the consolidated $4.74B for this period.
- North America$3.51B74.2%+17.2% yoy
- EMEA$898M19.0%-38.5% yoy
- Asia Pacific$242M5.1%-28.4% yoy
- Latin America$80.5M1.7%-8.3% yoy
Members sum to the consolidated $4.74B for this period.
- IMG Segment$656M41.1%+37.6% yoy
- World Wrestling Entertainment Segment$476M29.8%+21.5% yoy
- Ultimate Fighting Championship Segment$401M25.1%+11.5% yoy
- Corporate And Other$73.9M4.6%+35.9% yoy
- Eliminations-$9.44M-0.6%-28.1% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 3,990 US-listed filers · 129 in Communication| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $4.7B | 79thof 3,301 top third | 82ndof 124 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -3.0% | 22ndof 3,137 bottom third | 29thof 119 bottom third |
Operating margin operating income ÷ revenue | 17.6% | 81stof 2,819 top third | 86thof 117 top third |
Net margin net income ÷ revenue | 4.1% | 56thof 3,263 middle third | 69thof 122 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 5.2% | 52ndof 3,576 middle third | 60thof 100 middle third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 4.1× | 68thof 819 top third | 91stof 40 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 2.5% | 48thof 2,895 middle third | 41stof 110 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 43 days | 58thof 2,398 middle third | 46thof 107 middle third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 2.3× | 48thof 1,546 middle third | 66thof 63 middle third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 6.6× | 94thof 1,118 top third | 82ndof 25 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -7.1% | 72ndof 1,333 top third | 56thof 35 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -0.8% | 72ndof 1,073 top third | 60thof 24 middle third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 35 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2024-12-31 | $101M 10-K 2025-02-26 | $417M 10-K 2026-02-25 | +311.6% | first · latest · 5 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2024-12-31 | $184M 10-K 2025-02-26 | $423M 10-K 2026-02-25 | +129.8% | first · latest · 5 filings carry it |
| Revenue Revenues | quarter 2024-09-30 | $681M 10-Q 2024-11-06 | $1.54B 10-K 2026-02-25 | +126.2% | first · latest · 3 filings carry it |
| Revenue Revenues | quarter 2024-03-31 | $630M 10-Q 2024-05-08 | $1.22B 10-K 2026-02-25 | +94.1% | first · latest · 3 filings carry it |
| Revenue Revenues | fiscal year 2023-12-31 | $1.67B 10-K 2024-02-27 | $3.22B 10-K 2026-02-25 | +92.5% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | $283M 10-K 2025-02-26 | $30.9M 10-K 2026-02-25 | -89.1% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | $136M 10-Q 2024-11-06 | $34.6M 10-K 2026-02-25 | -74.6% | first · latest · 3 filings carry it |
| Revenue Revenues | fiscal year 2024-12-31 | $2.8B 10-K 2025-02-26 | $4.88B 10-K 2026-02-25 | +74.2% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | $255M 10-Q 2024-08-08 | $115M 10-K 2026-02-25 | -55.0% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2023-12-31 | $468M 10-K 2024-02-27 | $266M 10-K 2026-02-25 | -43.2% | first · latest · 3 filings carry it |
| Debt issued ProceedsFromIssuanceOfLongTermDebt | fiscal year 2023-12-31 | $100M 10-K 2024-02-27 | $143M 10-K 2026-02-25 | +42.9% | first · latest · 3 filings carry it |
| Revenue Revenues | quarter 2024-06-30 | $851M 10-Q 2024-08-08 | $1.19B 10-K 2026-02-25 | +40.2% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2023-12-31 | $165M 10-K 2024-02-27 | $224M 10-K 2026-02-25 | +36.1% | first · latest · 3 filings carry it |
| Total liabilities Liabilities | balance at 2024-12-31 | $3.98B 10-K 2025-02-26 | $4.97B 10-K 2026-02-25 | +24.8% | first · latest · 5 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2024-03-31 | $59.3M 10-Q 2024-05-08 | $44.9M 10-Q 2025-05-08 | -24.4% | first · latest |
| Total assets Assets | balance at 2024-12-31 | $12.7B 10-K 2025-02-26 | $15.1B 10-K 2026-02-25 | +19.0% | first · latest · 5 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-12-31 | $526M 10-K 2025-02-26 | $620M 10-K 2026-02-25 | +17.9% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-03-31 | -$210M 10-Q 2024-05-08 | -$174M 10-K 2026-02-25 | +17.5% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2024-12-31 | $393M 10-K 2025-02-26 | $458M 10-K 2026-02-25 | +16.6% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | $447M 10-K 2024-02-27 | $376M 10-K 2026-02-25 | -15.9% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2024-03-31 | $107M 10-Q 2024-05-08 | $122M 10-Q 2025-05-08 | +13.9% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2023-12-31 | $57.1M 10-K 2024-02-27 | $64.5M 10-K 2026-02-25 | +13.0% | first · latest · 3 filings carry it |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2024-12-31 | $3.26B 10-K 2025-02-26 | $3.65B 10-K 2026-02-25 | +11.8% | first · latest · 5 filings carry it |
| Stock-based compensation ShareBasedCompensation | quarter 2024-09-30 | $20M 10-Q 2024-11-06 | $22.2M 10-Q 2025-11-05 | +10.8% | first · latest |
| Goodwill Goodwill | balance at 2023-12-31 | $7.67B 10-K 2024-02-27 | $8.44B 10-K 2026-02-25 | +10.2% | first · latest · 6 filings carry it |
| Goodwill Goodwill | balance at 2024-12-31 | $7.66B 10-K 2025-02-26 | $8.44B 10-K 2026-02-25 | +10.2% | first · latest · 5 filings carry it |
| Stock-based compensation ShareBasedCompensation | quarter 2024-06-30 | $24.4M 10-Q 2024-08-08 | $26.8M 10-Q 2025-08-06 | +10.0% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2024-12-31 | $94.6M 10-K 2025-02-26 | $103M 10-K 2026-02-25 | +9.3% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2024-03-31 | $30.2M 10-Q 2024-05-08 | $32.2M 10-Q 2025-05-08 | +6.5% | first · latest |
| Interest expense InterestExpense | fiscal year 2024-12-31 | $249M 10-K 2025-02-26 | $236M 10-K 2026-02-25 | -5.3% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for TKO yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.