FirmAtlas
Company handbook · TKO · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
TKO · CIK 1973266 · LATEST FILING: 10-Q JUN '26 · FILED AUG 3, 2026
TKO GROUP HOLDINGS, INC.
$175.50
−0.52 (−0.30%)
Close, Oct 16, 2026 · 52-week $171–227
Last fiscal year
TKO GROUP HOLDINGS, INC. reported revenue of $4.7B for the year ended Dec 31, 2025 (FY25), down 3.1% from FY24. Net income was $195M and operating cash flow $1.3B. Source: 10-K filed Feb 25, 2026.
Market cap
$34.0B
P/E
148.3
EV/EBITDA
27.8x
P/B
10.0
Div yield
1.79%
ROIC
11.7%
Revenue 1Y
−3.1%/yr
EPS 1Y
11200.0%/yr
Shares 1Y
+13%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOAriel Emanuel
HQNew York, NY
AuditorKPMG LLP
Employees4,000
Year endsDecember
Revenue by segment · FY25
World Wrestling Entertainment36%
Ultimate Fighting Championship32%
IMG29%
Corporate And Other4%
Eliminations-1%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
24.3%
24.2%
29.8%
−6.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.2B deployed
Acquisitions
$9M
0.7%
Dividends
$185M
15.1%
Buybacks
$1.0B
84.2%
Operating cash flow over the period: $1.9B. Total debt changed by +$1.0B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY23).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
4,884
4,735−3.1%
5,302
YoY
−3.1%
Operating income
31
835+2598.3%
998
Operating margin
0.6%
17.6%+17.0 pp
—
EBITDA
489
1,320+170.0%
—
EBITDA margin
10.0%
27.9%+17.9 pp
—
Interest expense
236
203−14.0%
—
Interest coverage
2.07x
6.51x+4.44x
—
Net income
9
195+1977.0%
230
YoY
+1977.0%
Net margin
0.2%
4.1%+3.9 pp
—
EPS (diluted, $)
0.02
2.26+11200.0%
2.92
YoY
+11200.0%
Balance sheet
Total assets
15,112
15,496+2.5%
16,264
Cash & short-term investments
678
1,186+74.9%
—
Accounts receivable
423
558+32.0%
—
Net PP&E
630
640+1.6%
—
Other assets
13,381
13,112−2.0%
—
Total liabilities
11,021
11,758+6.7%
12,868
Accounts payable
246
195−20.9%
—
Total debt
2,789
3,800+36.2%
4,675
Other liabilities
7,985
7,763−2.8%
—
Shareholders’ equity
4,091
3,737−8.6%
3,396
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
586
1,286+119.4%
1,795
Net income
(246)
546n/m
—
Depreciation & amortization
458
485+5.9%
—
Stock-based compensation
103
118+13.6%
—
Working capital & other
270
137−49.4%
—
Cash from investing
(117)
(147)n/m
—
PP&E sold
28
6−79.6%
—
Acquisitions
—
(9)
—
Other investing
(146)
(144)n/m
—
Cash from financing
(155)
(636)n/m
—
Debt raised
2,950
1,052−64.3%
—
Debt repaid
(2,943)
(70)n/m
—
Dividends
—
(185)
—
Buybacks
(165)
(867)n/m
—
Other financing
3
(566)−19047.2%
—
Net change in cash
306
508+65.8%
—
Where the cash went
Returns & ratios
ROIC (all capital)
0.5%
11.7%+11.2 pp
—
ROIC (operating)
3.8%
81.0%+77.2 pp
—
Net debt / EBITDA
4.32x
1.98x−2.34x
—
Debt / equity
0.68x
1.02x+0.34x
—
ROE
0.2%
5.2%+5.0 pp
—
ROA
0.1%
1.3%+1.2 pp
—
ROCE
0.2%
6.1%+5.9 pp
—
NOPAT
31
733+2270.2%
—
Invested capital (operating)
807
1,003+24.4%
—
Invested capital (all)
6,202
6,352+2.4%
—
Reinvestment rate
—
26.8%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,120
1,038
1,597
1,547
vs year-ago quarter
Operating income
172
57
338
430
Net income
41
(2)
89
102
vs year-ago quarter
Net margin
3.7%
−0.2%
5.6%
6.6%
EPS (diluted, $)
0.47
−0.01
1.12
1.34
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
15,547
15,496
16,023
16,264
Cash & equivalents
1,173
1,186
1,726
1,552
Total debt
3,774
3,800
4,686
4,675
Shareholders’ equity
3,821
3,737
3,376
3,396
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
417
310
695
374