LYVLive Nation Entertainment
Is the business good?
The checks split: earnings fully cash-backed (5.8×), but margins compressing.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
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 LYV?
Live Nation Entertainment keeps 3.0% of every revenue dollar as operating profit, against 4.3% for the median Entertainment name.
Operating margin · Entertainment median 4.3% · 12 months to Q2 2026
- Cash conversion
- 5.81×
Cash conversion · 2.36× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +4.1%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 26%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −89% |
| FY2021 | −6.7% |
| FY2022 | 4.3% |
| FY2023 | 4.8% |
| FY2024 | 3.6% |
| FY2025 | 5.0% |
Details›
- Gross margin12 months to Q2 2026
- 26%
- Operating margin12 months to Q2 2026
- 3.0%
- Net margin12 months to Q2 2026
- 0.51%
- Free cash flow margin
- 5.3%
- Revenue, trailing twelve months
- $26.3B
- Free cash flow, trailing twelve months
- $1.38B
- Net income, trailing twelve months
- $135M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Entertainment
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