TKO Group Holdings, Inc.TKO
NYSE•Communication Services•Entertainment
TKO Group Holdings, Inc. operates as a sports and entertainment company. The company operates through three segments: UFC, WWE and IMG. The UFC segment distributes programming content; ticket sales and site fees associated with the business's global live events; partnerships and marketing; and consumer products licensing agreements of UFC-branded products. The WWE segment consists of media rights fees associated with the distribution of its programming content; ticket sales and site fees associated with the business's global live events; partnerships and marketing; and consumer products licensing agreements of WWE-branded products. The IMG segment specializing in media rights management and sales, multi-channel content production and distribution, brand partnerships, strategic consulting, digital services, and event management. This segment also offers hospitality business, offering ticketing, curated guest experiences, live event production and travel management services. It is also involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys. In addition, the company engages in the sponsorships and advertising business, which offers sale of in-venue and in-broadcast advertising assets, content product integration, and digital impressions. The company was incorporated in 2023 and is based in New York, New York. TKO Group Holdings, Inc. is a subsidiary of WME Group, Inc.
TKO Group Holdings, Inc. (TKO) reported trailing twelve months revenue of $5.06B as of March 2026, a 47.0% increase year-over-year. Quarterly revenue reached $1.60B, reflecting continued top-line momentum.
TKO Group Holdings, Inc. generated $226.35M in TTM net income, with quarterly EBITDA of $482.28M. The operating margin expanded from 18.7% to 21.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (21.2%) and net margin (5.6%) indicates significant non-operating expenses or interest burden. Net margin has improved from 4.6% a year ago, signaling stronger bottom-line efficiency.
TKO trades at a P/E of 66.8x (a premium multiple) and a P/S of 3.0x. The price-to-book ratio of 4.5x reflects a moderate premium to book value.
The company generated $674.56M in free cash flow over the trailing twelve months, a 397.7% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $16.02B in total assets with $4.59B in long-term debt against $3.38B in stockholders equity for a debt-to-equity ratio of 1.4. Data based on the most recent quarterly reports.
Competitive analysis based on 11 quarters of fundamental data
Operating margins are positive at ~19.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~60.4% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 11 quarters
Operating margins declined 16.9% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by -8.4x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 107.6% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 4.4% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation