Live Nation Entertainment

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

                    Revenue
                    FY2025
                
$25.2B
                    3y CAGR +14.7%
                    
                    P84
                    
                    +8.8%
                    
                    Net income
                    FY2025
                
$496.0M
                    Net margin +2.0%
                    
                    P21
                    
                    -44.7%
                    
                    Total assets
                    FY2025
                
$22.9B
                    ROA +2.2%
                    
                    P26
                    
                    +16.7%
                    
                    Operating cash flow
                    FY2025
                
$1.4B
                    FCF margin +1.3%
                    
                    P12
                    
                    -19.1%

17 yrs · FY2009–FY2025 9 filed · 0 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

27 accounts · 5 years

Total assets $22.9B

Total liabilities $11.0B

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	+120.2%	+55.1%	-7.4%	+76.3%	—
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	+9.4%	-15.1%	+10.6%	+2.4%	—
Other Noncurrent Assets	-5.4%	+90.5%	+28.9%	+32.2%	—
Total Assets	+16.7%	+3.0%	+15.9%	+14.3%	—
Liabilities
Accrued Liabilities	-66.9%	+1.7%	+26.9%	+43.9%	—
Other Current Liabilities	+666.5%	-51.0%	+86.9%	-17.3%	—
Total Current Liabilities	+17.9%	-6.0%	+20.0%	+21.1%	—
Long Term Debt	+27.4%	-2.4%	+11.7%	+3.0%	—
Operating Lease Liabilities Noncurrent	+21.2%	-0.3%	+1.9%	+3.0%	—
Deferred Tax Liabilities	-100.0%	-6.0%	+4.3%	+15.3%	—
Other Noncurrent Liabilities	-13.0%	-2.1%	+7.1%	+5.7%	—
Total Liabilities	+17.9%	-6.0%	+20.0%	+21.1%	—
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%	—
Noncontrolling Interest	-3.5%	+6.9%	+31.0%	+17.0%	—
Total Stockholders Equity	+56.4%	+1110.4%	+95.3%	+36.9%	—
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%	+1.9%	+36.2%	+166.1%	—
Expenses Selling,General and Administrative	+1.2%	+15.0%	+19.0%	+68.4%	—
Expenses Depreciation and Amortization	+16.2%	+6.4%	+14.8%	+8.1%	—
Expenses Share Based Compensation	+40.7%	-4.8%	+5.4%	-47.4%	—
Other Income Expense Operating Income	+51.8%	-24.0%	+50.3%	+272.8%	—
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	-155.4%	+394.5%	+14.4%	-1016.3%	—
Other Income Expense Income Before Tax	+39.4%	-19.0%	+86.2%	+180.2%	—
Income Tax Income Tax Expense	+186.7%	-287.0%	+80.7%	+4773.2%	—
net Income net Income	-44.7%	+60.9%	+109.0%	+140.9%	—
net Income Comprehensive Income	+34.2%	-20.9%	+104.9%	+152.9%	—
Earnings Per Share Basic Eps	-108.7%	+105.2%	+154.7%	+117.2%	—
Earnings Per Share Diluted Eps	-108.8%	+104.5%	+157.7%	+116.8%	—
Earnings Per Share Weighted Average Shares Basic	+0.7%	+0.7%	+1.7%	+3.5%	—
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	-44.7%	+60.9%	+109.0%	+140.9%	—
Operating Activities Depreciation and Amortization	+16.2%	+6.4%	+14.8%	+8.1%	—
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	+161.3%	-63.3%	-18.9%	-13.4%	—
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 Other Investing Activities	-180.5%	+64.8%	-59.2%	-265.8%	—
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%	-46.2%	+16.8%	—
Financing Activities Tax Withholding On Stock Based Compensation	+112.0%	+530.1%	-87.7%	+67.8%	—
Financing Activities Other Financing Activities	-132.2%	-77.9%	+16.9%	-556.6%	—
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%	—
Cash Reconciliation Cash At Beginning of Period	+16.4%	-2.1%	+11.0%	+15.0%	—
Cash Reconciliation Cash At End of Period	+16.4%	-2.1%	+11.0%	+15.0%	—

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%	+4.8%	+4.3%	-6.7%
Net margin	+2.0%	+3.9%	+2.5%	+1.6%	-10.4%
FCF margin	+1.3%	+4.7%	+4.1%	+8.9%	+26.0%
Growth
Revenue CAGR (3y)	+14.7%	+54.6%	+130.3%	+13.0%	-16.6%
Returns
ROE	+183.0%	+517.3%	-3247.6%	-72.5%	+111.7%
ROA	+2.2%	+4.6%	+2.9%	+1.6%	-4.5%
ROIC	+60.9%	+159.8%	+242.8%	-781.8%	-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	40.70x	54.01x	-580.82x	-22.59x	-11.77x
Interest coverage	3.96x	2.53x	3.10x	2.59x	-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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