SPHRSphere Entertainment Co.
Is the business good?
Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is SPHR?
Sphere Entertainment Co. earns −5.0% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 14 points below what the capital costs: growth destroys value
- Operating margin
- −11%
Operating margin · Entertainment median 8.6% · 12 months to Q2 2027
- Share count, year on year
- −19%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 16% |
| FY2021 | −29% |
| FY2022 | −27% |
| FY2023 | −48% |
| FY2024 | −33% |
| FY2026 | −19% |
Details›
- Operating margin12 months to Q2 2027
- −11%
- Net margin12 months to Q2 2027
- −5.2%
- Revenue, trailing twelve months
- $1.36B
- Net income, trailing twelve months
- −$70M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −5.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from SPHR and who it buys from, as the companies report it.
- Customer 110%
Share of revenue · FY2025 10-K
- Customer 27.0%
Share of revenue · FY2025 10-K
- Customer 36.0%
Share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; SPHR’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.