Is the business good?
How good a business is TKO?
TKO Group Holdings earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
11%
Return on invested capital · cost of capital 9.0% · 1.6 points above what the capital costs: growth creates value
- Operating margin
- 19%
Operating margin · Entertainment median 12% · 12 months to Q2 2026
- Share count, year on year
- −62%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2021 | 38% |
| FY2022 | 48% |
| FY2023 | 12% |
| FY2024 | 0.63% |
| FY2025 | 18% |
Details›
- Operating margin12 months to Q2 2026
- 19%
- Net margin12 months to Q2 2026
- 4.3%
- Revenue, trailing twelve months
- $5.30B
- Net income, trailing twelve months
- $230M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.