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 $180.22M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $15.21M, free cash flow was $165.01M.

Free cash flow margin was 41.9% of revenue. Cash conversion ratio was 2.78x, indicating earnings are backed by cash.

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 2.78x confirms earnings are backed by real cash flow

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	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2024
Operating Cash Flow	$243.35M	$180.22M	$115.84M	$-59.06M	$6.35M
Capital Expenditure	$-52.35M	$-15.21M	$-5M	$-14.65M	$-17.49M
Free Cash Flow	$191M	$165.01M	$110.84M	$-73.71M	$-11.14M