LYVNYSEServices-Amusement & Recreation ServicesFiscal year ends December 31
Live Nation Entertainment, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$170.80+0.29 (+0.17%)
Close on Oct 19, 2026
- Market cap
- $41.68B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
5.0%+93.8 pts over 5 years
Net margin
2.0%+94.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.8% | +14.7% | +68.4% | +13.3% | |
| Operating income | +51.8% | +20.1% | – | +25.3% | |
| Net income | -44.7% | +23.0% | – | – | |
| Free cash flow | -69.1% | -39.2% | – | +7.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 0.2% | -511.7% | 223.3% | |
| Return on assets | 0.0% | -16.0% | 2.3% | |
| Current ratio | 1.09 | 0.96 | 1.00 | |
| Debt to equity | 2.05 | -10.40 | 30.26 | |
| Net debt to EBITDA | 1.53× | -2.02× | 0.58× | |
| Interest coverage | 1.8× | -7.3× | 4.0× | |
| Capex to revenue | 2.2% | 11.5% | 4.2% | |
| Diluted shares | 202M | 212M | 232M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Live Nation Entertainment generated $8.10B from operations and spent $2.67B on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
$8.10B
Used
$2.67B
Capital expenditure$2.65B99%Dividends$00%Share buybacks$23.53M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.0%
×Asset turnover1.18×
×Equity multiplier95.78×
=Return on equity, FY2025223.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.0% | 1.18× | 95.78× | 223.3% |
| FY2024 | 3.9% | 1.20× | 319.68× | 1482.0% |
| FY2023 | 2.5% | 1.28× | -84.53× | -265.3% |
| FY2022 | 1.6% | 1.08× | -32.48× | -56.1% |
| FY2021 | -10.4% | 0.50× | -23.70× | 123.5% |
| FY2020 | -92.7% | 0.17× | 31.99× | -511.7% |
| FY2019 | 0.6% | 1.19× | 8.67× | 6.2% |
| FY2018 | 0.6% | 1.35× | 7.02× | 5.3% |
| FY2017 | -0.1% | 1.36× | 6.18× | -0.5% |
| FY2016 | 0.0% | 1.21× | 5.47× | 0.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$495.97M
- Cash generatingOperating cash flow above zero$1.40B
- Return on assets improvedROA up on the prior year4.7% → 2.5%
- Earnings backed by cashOperating cash flow above net income$1.40B vs $495.97M
- Less leverageLong-term debt to assets fell31.5% → 33.2%
- Better liquidityCurrent ratio rose0.99 → 1.00
- No dilutionShare count did not rise236M → 232M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.22 → 1.28