LIVE NATION ENTERTAINMENT, INC. vs SPHERE ENTERTAINMENT CO., two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both put on live spectacles, but at different points in the chain. Live Nation promotes tours and runs Ticketmaster on a 0.33% net margin, thin by design as ticket money flows to artists and venues. Sphere Entertainment owns the Las Vegas Sphere venue and MSG Networks, keeping a thicker 9.04% of revenue. On cash the venue owner converts far better, a 6.13% free cash yield against Live Nation's 2.91%. By scale Live Nation dwarfs Sphere, $41.7 billion to $6.1 billion. Live Nation is the sprawling events-and-ticketing operator moving huge volume, Sphere the single flagship venue betting on a new kind of show.
Comparison updated 2026-07-11.
| Metric | LYV | SPHR |
|---|---|---|
| Price | $179.86 | $148.34 |
| Market cap | $41.8B | $5.3B |
| Sector | Entertainment | Entertainment |
| Stage | Mature | Mature |
| Implied growth (priced in) | +35.9% | — |
| P/E | — | 50.0 |
| P/B | 86.75 | 2.37 |
| P/S | 1.63 | 4.01 |
| EV/EBITDA | 27.7 | 28.6 |
| Revenue growth | +12.7% | +10.9% |
| Operating margin | -9.8% | 1.9% |
| Net margin | 0.3% | 9.0% |
| Return on equity | 17.4% | 5.3% |
| Return on assets | 0.3% | 2.8% |
| Return on invested capital | 8.4% | -3.7% |
| FCF yield | 2.9% | 7.0% |
| Debt / equity | 13.93 | 0.36 |
| Current ratio | 0.88 | 1.22 |
| Altman Z (solvency) | 6.78 | 1.92 |
| Piotroski F (quality) | 6 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.