Sphere Entertainment Co. SPHR NYSE

NYSE • Communication Services • Entertainment • US • USD

SharesGrow Score

39/100

1/7 Pass

SharesGrow Intrinsic Value

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Sphere Entertainment Co. (SPHR) generated $-19.66M in operating cash flow for fiscal year 2025. After capital expenditures of $289.75M, free cash flow was $-309.41M.

Free cash flow margin was -30.1% of revenue. Cash conversion ratio was 0.04x, suggesting some earnings are non-cash.

The company returned $34.6M in share buybacks to shareholders during the period.

Criteria supported by this page:

HEALTH (17/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (38/100, Fail) — limited free cash flow weakens the competitive position
INCOME (10/100) — Cash conversion ratio was 0.04x suggests some earnings are non-cash items

Overall SharesGrow Score: 39/100 with 1/7 criteria passed.

SharesGrow 7-Criteria Score

39/100

SG Score

View full scorecard →

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VALUE

38/100

Price-to-Earnings & upside

→ Valuation

FUTURE

47/100

Analyst consensus

→ Forecast

✗

PAST

25/100

→ Income

✗

HEALTH

17/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

38/100

Proven by this page

✓

GROWTH

100/100

→ Income

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INCOME

10/100

→ Income

Sphere Entertainment Co. Cash Flow History

Metric	TTM	FY2025	FY2023	FY2022	FY2021
Operating Cash Flow	$243.35M	$-19.66M	$-19.66M	$153.59M	$141.34M
Capital Expenditure	$-52.35M	$-289.75M	$-289.75M	$-1.06B	$-756.72M
Free Cash Flow	$191M	$-309.41M	$-309.41M	$-905.39M	$-615.38M