Live Nation Entertainment

Communication Services Movies & Entertainment Beverly Hills, California Last filing Feb 19, 2026 · FY2025

                    Revenue
                    FY2025
                
$25.2B
                    3y CAGR +14.7%
                    
                    P81
                    
                    +8.8%
                    
                    Net income
                    FY2025
                
$496.0M
                    Net margin +2.0%
                    
                    P19
                    
                    -44.7%
                    
                    Total assets
                    FY2025
                
$22.9B
                    ROA +2.2%
                    
                    P24
                    
                    +16.7%
                    
                    Operating cash flow
                    FY2025
                
$1.4B
                    FCF margin +1.3%
                    
                    P10
                    
                    -19.1%

17 yrs · FY2009–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $22.9B

Total liabilities ~$22.6B

Shareholders equity $271.0M

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+16.4%	-2.2%	+11.2%	+14.8%	—
Accounts Receivable	+15.0%	-15.6%	+41.2%	+37.4%	—
Prepaid Expenses	+16.6%	+8.7%	+20.8%	+45.0%	—
Other Current Assets	+108.5%	+54.9%	-6.2%	+77.0%	—
Total Current Assets	+18.1%	-3.0%	+17.4%	+22.1%	—
Property,Plant and Equipment	+39.9%	+16.2%	+41.3%	+36.2%	—
Operating Lease Assets	+15.6%	+0.7%	+2.2%	+2.1%	—
Goodwill	+10.2%	-2.6%	+6.4%	-2.4%	—
Intangible Assets	+5.9%	-11.2%	+8.4%	+1.7%	—
Other Noncurrent Assets	+0.6%	+47.7%	+20.4%	+17.5%	—
Total Assets	+16.7%	+3.0%	+15.9%	+14.3%	—
Liabilities
Accounts Payable	+4.4%	-12.9%	+8.3%	+20.0%	—
Accrued Liabilities	+7.7%	+9.8%	+26.9%	+43.9%	—
Deferred Revenue	+21.6%	+8.8%	+9.7%	+10.7%	—
Current Portion of Long Term Debt	+125.2%	-77.0%	+83.0%	+5.9%	—
Other Current Liabilities	+122.9%	+68.4%	+86.9%	-17.3%	—
Total Current Liabilities	+17.9%	-6.0%	+20.0%	+21.1%	—
Long Term Debt	+23.2%	+13.2%	+3.3%	+2.7%	—
Operating Lease Liabilities Noncurrent	+21.2%	-0.3%	+1.9%	+3.0%	—
Other Noncurrent Liabilities	-13.0%	—	—	—	—
Equity
Common Stock	+0.6%	+0.7%	+0.6%	+2.9%	—
Additional Paid In Capital	-29.3%	-13.0%	-12.2%	-6.9%	—
Retained Earnings	+32.6%	+35.8%	+19.0%	+10.7%	—
Treasury Stock	+342.8%	+0.0%	+0.0%	+0.0%	—
Accumulated Other Comprehensive Income	+65.7%	-1320.8%	+130.5%	+39.1%	—
Total Stockholders Equity	+56.4%	+1110.4%	+95.3%	+36.9%	—
Noncontrolling Interest	-3.5%	+6.9%	+31.0%	+17.0%	—
Temporary Equity and Other	-17.9%	+26.0%	+33.4%	+21.4%	—
Total Liabilitiesand Equity	+16.7%	+3.0%	+15.9%	+14.3%	—

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $25.2B

Operating income $1.3B

Net income $496.0M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+8.8%	+1.8%	+36.4%	+166.1%	—
Expenses Selling,General and Administrative	+1.2%	+13.7%	+20.3%	+68.4%	—
Expenses Depreciation and Amortization	+16.2%	+6.4%	+14.8%	+8.1%	—
Expenses Other Operating Expenses	+8.4%	+0.7%	+40.4%	+177.8%	—
Other Income Expense Operating Income	+51.8%	-22.7%	+45.6%	+275.2%	—
Other Income Expense Interest Income	-3.7%	-34.3%	+206.4%	+1071.6%	—
Other Income Expense Interest Expense	-3.0%	-6.9%	+25.8%	-1.4%	—
Other Income Expense Other Income/expense	-165.1%	+242.9%	-129.5%	-131.3%	—
Other Income Expense Income Before Tax	+39.4%	-17.3%	+77.0%	+182.7%	—
Income Tax Income Tax Expense	+186.7%	-344.5%	+66.5%	+3979.6%	—
net Income Other Items Below Tax	-51.3%	-17.8%	-61.0%	-320.1%	—
net Income net Income	-44.7%	+59.1%	+90.3%	+145.5%	—
net Income Comprehensive Income	+34.2%	-21.6%	+92.4%	+156.9%	—
Earnings Per Share Basic Eps	-108.7%	+100.7%	+109.1%	+121.4%	—
Earnings Per Share Diluted Eps	-108.8%	+100.0%	+114.1%	+120.7%	—
Earnings Per Share Weighted Average Shares Diluted	-1.9%	+2.3%	-0.3%	+6.6%	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $1.4B

Investing cash flow $-1.2B

Financing cash flow $406.5M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-38.9%	+60.7%	+87.9%	+161.5%	—
Operating Activities Depreciation and Amortization	+13.9%	+6.3%	+13.2%	+3.3%	—
Operating Activities Stock Based Compensation	+40.7%	-4.8%	+5.4%	-47.4%	—
Operating Activities Deferred Income Taxes	+97.1%	-1509.7%	-711.4%	+174.7%	—
Operating Activities Changes In Operating Assets and Liabilities	-139.4%	+1206.2%	-107.9%	-57.6%	—
Operating Activities Other Non Cash Items	+168.2%	-503.6%	-46.3%	+156.8%	—
Operating Activities net Cash From Operating Activities	-19.1%	+26.6%	-25.7%	+3.1%	—
Investing Activities Capital Expenditures	-64.2%	-47.4%	-26.3%	-127.3%	—
Investing Activities Business Acquisitions	+18.6%	-460.7%	+93.2%	+33.1%	—
Investing Activities Purchases of Investments	+14.7%	+16.8%	+39.8%	+17.5%	—
Investing Activities Other Investing Activities	+45.0%	+55.3%	-100.4%	-846.8%	—
Investing Activities net Cash From Investing Activities	-43.6%	-22.8%	+11.3%	-38.4%	—
Financing Activities Proceeds From Debt	+122.2%	+57.6%	+767.9%	-86.5%	—
Financing Activities Repayment of Debt	-4.6%	-168.2%	-1495.6%	+58.3%	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	-80.5%	+35.2%	-46.1%	-92.5%	—
Financing Activities Tax Withholding On Stock Based Compensation	-112.0%	-530.1%	+87.7%	-67.8%	—
Financing Activities Other Financing Activities	-230.5%	+21.2%	-139.3%	-212.4%	—
Financing Activities net Cash From Financing Activities	+161.7%	-654.5%	+39.1%	-112.2%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+223.3%	-988.0%	+122.3%	-300.6%	—
Cash Reconciliation net Change In Cash	+853.4%	-121.5%	-15.5%	-68.7%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+5.0%	+3.6%	+4.7%	+4.4%	-6.7%
Net margin	+2.0%	+3.9%	+2.5%	+1.8%	-10.4%
FCF margin	+1.3%	+4.7%	+4.1%	+8.9%	+26.0%
Growth
Revenue CAGR (3y)	+14.7%	+54.6%	+130.4%	+13.0%	-16.6%
Returns
ROE	+183.0%	+517.3%	-3284.8%	-80.5%	+111.7%
ROA	+2.2%	+4.6%	+3.0%	+1.8%	-4.5%
ROIC	+60.9%	+159.8%	+254.1%	-840.4%	-158.7%
Liquidity
Current ratio	1.00x	0.99x	0.96x	0.98x	0.97x
Quick ratio	0.83x	0.84x	0.83x	0.85x	0.87x
Leverage
D/E	83.55x	112.35x	-1113.32x	-45.78x	-25.72x
Interest coverage	3.96x	2.53x	3.04x	2.63x	-1.48x
Efficiency
Asset turnover	1.10x	1.18x	1.19x	1.01x	0.44x
Cash conversion cycle	—	—	—	—	—

Valuation

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FY2025 fundamentals · no price

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Live Nation Entertainment

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