LYV vs TKO
Live Nation Entertainment, Inc. and TKO Group Holdings, Inc., side by side — 5 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LYV | TKO |
|---|---|---|
| Revenue | $25.2B | $4.7B |
| Net income | $496.0M | $195.4M |
| Gross margin | 25.5% | · |
| Net margin | 2.7% | 11.5% |
| Return on equity | 223.3% | 5.0% |
| Diluted EPS | −$0.24 | $2.26 |
| Dividend / share | · | · |
| Payout ratio | · | 94.8% |
| Free cash flow | $333.6M | · |
| Equity | $271.0M | $3.7B |
| Net debt / equity | 1.91× | 0.78× |
| Current ratio | 1.00× | 1.26× |
| Revenue CAGR 5y | 68.4% | · |
| Profit CAGR 5y | · | · |
LYV bills 5.3× the revenue of TKO, and TKO keeps more of each dollar of revenue as profit (11.5% against 2.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | LYV | TKO |
|---|---|---|
| FY2025 | $25.2B | $4.7B |
| FY2024 | $23.2B | $4.9B |
| FY2023 | $22.7B | $3.2B |
| FY2022 | $16.7B | $1.1B |
| FY2021 | $6.3B | $1.0B |
Bottom line
| Fiscal year | LYV | TKO |
|---|---|---|
| FY2025 | $496.0M | $195.4M |
| FY2024 | $896.3M | $9.4M |
| FY2023 | $556.9M | $-35.2M |
| FY2022 | $266.4M | $389.0M |
| FY2021 | $-650.9M | $273.6M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$20,466,255,000 | LYV |
| FY2024 | +$18,271,384,000 | LYV |
| FY2023 | +$19,501,521,000 | LYV |
| FY2022 | +$15,541,107,000 | LYV |
| FY2021 | +$5,236,503,000 | LYV |
LYV has reported the higher revenue in every one of these 5 fiscal years. The gap has widened since the earliest year compared.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −8.8 pp | TKO |
| FY2024 | +9.9 pp | LYV |
| FY2023 | −1.3 pp | TKO |
| FY2022 | −31.9 pp | TKO |
| FY2021 | −36.2 pp | TKO |
The higher net margin has changed hands between LYV and TKO over this period.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TKO's net margin has been more volatile than LYV's over the 5 comparable fiscal years — 14.3 percentage points of standard deviation against 5.3.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LYV and TKO over these 5 fiscal years — LYV led in 1 and TKO in 4.
5 of 17 comparable fiscal years — a year missing data on either side is not counted.