TKO Group Holdings, Inc. (TKO) Key Metrics
TKO valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $33.22B
- Enterprise value
- $18.18B
- P/E (TTM)
- 61.4 10-yr median 54.3
- Forward P/E
- 48.8
- PEG ratio
- 1.59
- Price / sales
- 6.3 10-yr median 4.5
- Price / book
- 4.1 10-yr median 9.8
- EV / EBITDA
- 11.7 10-yr median 17.2
- Dividend yield
- 0.70% $3.16 a year
- Beta
- 0.69
TKO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTKO valuation Price multiples at each fiscal year-end price.
TKO returns How much profit the business earns on the capital it uses.
TKO per-share figures Results divided by the shares outstanding at year-end.
TKO financial health Debt, liquidity and how easily interest is covered.
TKO efficiency & capital use Working capital cycle and where the cash goes.
TKO valuation history
TKO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TKO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TKO cash returned to shareholders
TKO price vs earnings per share
TKO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $40.55B | $24.43B | $6.76B | $5.70B | $4.10B | $4.00B | $5.85B | $6.62B | $2.40B | $1.43B |
| Enterprise value | $43.78B | $26.93B | $9.55B | $8.30B | $6.08B | $4.12B | $6.18B | $6.48B | $2.32B | $1.36B |
| P/E ratio | 207.5 | — | — | 14.7 | 23.1 | 30.3 | 76.0 | 66.5 | 73.5 | 42.2 |
| Price / sales | 8.6 | 8.7 | 4.0 | 5.0 | 3.7 | 4.1 | 6.1 | 7.1 | 3.0 | 2.0 |
| Price / book | 10.8 | 6.0 | 1.6 | 10.0 | 3.3 | 10.4 | 21.3 | 20.9 | 9.5 | 6.0 |
| Price / free cash flow | 35.0 | 52.3 | 39.2 | 11.6 | 9.5 | 12.1 | 112.8 | 42.9 | 33.4 | 53.4 |
| Price / operating cash flow | 31.5 | 41.7 | 25.4 | 11.4 | 9.3 | 11.4 | 48.4 | 35.5 | 24.8 | 25.2 |
| EV / sales | 9.2 | 9.6 | 5.7 | 7.3 | 5.6 | 4.2 | 6.4 | 7.0 | 2.9 | 1.9 |
| EV / EBITDA | 33.5 | 35.0 | 13.7 | 13.8 | 18.2 | 14.1 | 30.3 | 33.8 | 16.1 | 11.5 |
| EV / free cash flow | 37.8 | 57.6 | 55.4 | 17.0 | 14.1 | 12.5 | 119.1 | 41.9 | 32.2 | 51.0 |
| Earnings yield | 0.5% | 0.0% | −0.5% | 6.8% | 4.3% | 3.3% | 1.3% | 1.5% | 1.4% | 2.4% |
| Free cash flow yield | 2.9% | 1.9% | 2.6% | 8.6% | 10.5% | 8.2% | 0.9% | 2.3% | 3.0% | 1.9% |
| Dividend yield | 1.6% | 0.3% | 4.4% | 19.2% | 6.6% | 7.8% | 0.6% | 0.6% | 1.5% | 2.6% |
| Shareholder yield (dividends + buybacks) | 3.7% | 1.0% | 5.9% | 19.3% | 6.6% | 7.9% | 2.1% | 0.6% | 1.5% | 2.6% |
| Share price at fiscal year-end | $209.00 | $142.11 | $81.58 | $68.52 | $49.34 | $48.05 | $64.87 | $74.72 | $30.58 | $18.40 |
| Per share | ||||||||||
| Revenue per share | $24.41 | $16.32 | $20.23 | $13.71 | $13.17 | $11.71 | $10.64 | $10.50 | $10.21 | $9.40 |
| Earnings per share | $1.01 | $0.05 | −$0.43 | $4.66 | $2.13 | $1.58 | $0.85 | $1.12 | $0.42 | $0.44 |
| Operating cash flow per share | $6.63 | $3.41 | $3.21 | $6.03 | $5.31 | $4.22 | $1.34 | $2.11 | $1.23 | $0.73 |
| Free cash flow per share | $5.97 | $2.72 | $2.08 | $5.88 | $5.17 | $3.96 | $0.58 | $1.74 | $0.92 | $0.34 |
| Cash per share | $4.28 | $3.06 | $2.85 | $2.17 | $10.52 | $7.14 | $2.78 | $4.05 | $3.79 | $3.45 |
| Book value per share | $19.26 | $23.80 | $49.62 | $6.84 | $15.02 | $4.62 | $3.05 | $3.57 | $3.22 | $3.09 |
| Tangible book value per share | −$41.42 | −$39.78 | −$86.00 | −$30.18 | −$22.56 | $4.43 | $3.05 | $3.57 | $3.22 | $3.09 |
| Dividends per share | $3.30 | $0.39 | $3.58 | $13.18 | $3.24 | $3.76 | $0.41 | $0.42 | $0.47 | $0.47 |
| Capex per share | $0.65 | $0.69 | $1.13 | $0.15 | $0.13 | $0.26 | $0.77 | $0.36 | $0.31 | $0.39 |
| Debt per share | $20.94 | $17.66 | $36.55 | $33.47 | $34.29 | $8.66 | $6.42 | $2.41 | $2.72 | $2.61 |
| Shares outstanding | 194.0M | 171.9M | 82.8M | 83.2M | 83.2M | 83.2M | 90.2M | 88.6M | 78.5M | 77.5M |
| Change in shares outstanding | +12.9% | +107.6% | −0.4% | 0.0% | 0.0% | −7.8% | +1.8% | +12.9% | +1.2% | +1.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.0% | 0.2% | −1.5% | 42.6% | 21.7% | 40.0% | 26.1% | 35.0% | 13.2% | 15.1% |
| Return on invested capital (ROIC) | 12.5% | 5.7% | 9.9% | 16.4% | 10.6% | 28.8% | 24.5% | 63.2% | 24.0% | 23.6% |
| Return on assets (ROA) | 1.4% | 0.1% | −0.4% | 9.8% | 6.3% | 11.3% | 9.0% | 15.1% | 5.3% | 6.7% |
| Return on tangible assets | 5.2% | 0.5% | −2.4% | 77.1% | 15.1% | 10.1% | 7.6% | 14.1% | 5.3% | 5.6% |
| Free cash flow margin | 24.5% | 16.7% | 10.3% | 42.9% | 39.3% | 33.8% | 5.4% | 16.6% | 9.0% | 3.7% |
| Income quality (OCF / net income) | 6.58 | 62.30 | — | 1.30 | 2.49 | 2.67 | 1.57 | 1.87 | 2.96 | 1.67 |
| Financial health | ||||||||||
| Total debt | $4.06B | $3.04B | $3.03B | $2.78B | $2.85B | $720.0M | $578.9M | $213.9M | $213.5M | $202.7M |
| Cash & short-term investments | $831.1M | $525.6M | $235.8M | $180.6M | $874.7M | $593.4M | $250.5M | $359.1M | $297.4M | $267.1M |
| Net debt | $3.23B | $2.51B | $2.79B | $2.60B | $1.98B | $126.6M | $328.5M | −$145.2M | −$83.9M | −$64.4M |
| Debt / equity | 1.09 | 0.74 | 0.74 | 4.89 | 2.28 | 1.87 | 2.10 | 0.68 | 0.84 | 0.85 |
| Debt / assets | 0.26 | 0.24 | 0.24 | 0.78 | 0.66 | 0.55 | 0.57 | 0.30 | 0.35 | 0.33 |
| Net debt / EBITDA | 2.47 | 3.26 | 4.01 | 4.32 | 5.92 | 0.43 | 1.61 | −0.76 | −0.58 | −0.54 |
| Current ratio | 1.26 | 1.30 | 1.04 | 1.17 | 5.06 | 1.46 | 1.17 | 1.33 | 2.83 | 2.62 |
| Quick ratio | 1.23 | 1.22 | 1.04 | 1.16 | 5.02 | 1.44 | 1.15 | 1.30 | 2.77 | 2.57 |
| Interest coverage | 4.7 | 3.1 | 2.5 | 3.9 | 7.6 | 5.9 | 4.5 | 7.4 | 5.5 | 18.7 |
| Working capital | $482.0M | $198.9M | $20.3M | $38.1M | $760.9M | $229.4M | $60.0M | $116.5M | $252.8M | $216.2M |
| Invested capital | $6.97B | $6.60B | $6.90B | $3.17B | $3.23B | $510.6M | $603.8M | $171.0M | $169.0M | $175.3M |
| Tangible asset value | −$2.52B | −$2.21B | −$2.38B | −$2.50B | −$1.87B | $368.6M | $275.3M | $316.2M | $253.0M | $239.7M |
| Net current asset value | −$3.92B | −$3.11B | −$3.35B | −$2.73B | −$2.09B | −$208.0M | −$334.4M | $84.9M | $29.4M | −$17.0M |
| Graham number | $20.89 | $5.41 | — | $26.77 | $26.85 | $12.83 | $7.66 | $9.50 | $5.49 | $5.51 |
| Graham net-net per share | −$25.60 | −$18.99 | −$42.19 | −$33.51 | −$25.42 | −$3.59 | −$4.33 | $0.37 | −$0.14 | −$0.72 |
| Capital allocation | ||||||||||
| Dividends paid | $640.7M | $67.3M | $296.6M | $1.10B | $269.1M | $312.3M | $37.4M | $37.2M | $36.9M | $36.6M |
| Share buybacks (net) | $866.8M | $165.0M | $100.0M | $2.9M | $2.9M | $2.9M | $83.4M | — | — | — |
| Dividend payout ratio | 327.9% | 714.9% | — | 283.0% | 151.7% | 237.0% | 48.6% | 37.4% | 112.9% | 108.0% |
| Dividends + buybacks / free cash flow | 130.1% | 49.7% | 230.0% | 224.6% | 63.2% | 95.6% | 232.9% | 24.1% | 51.3% | 136.9% |
| Capex / revenue | 2.7% | 4.2% | 5.6% | 1.1% | 1.0% | 2.2% | 7.2% | 3.5% | 3.1% | 4.1% |
| Capex / operating cash flow | 9.9% | 20.3% | 35.2% | 2.5% | 2.5% | 6.2% | 57.1% | 17.3% | 25.6% | 52.8% |
| Capex / depreciation | 0.26 | 0.24 | 0.38 | 0.21 | 0.18 | 0.21 | 0.83 | 0.46 | 0.38 | 0.48 |
| Stock-based compensation / revenue | 2.5% | 3.7% | 3.9% | 2.1% | 5.8% | 3.3% | −25.0% | — | — | — |
| SG&A / revenue | 31.9% | 43.8% | 32.8% | 21.1% | 17.4% | 17.4% | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 30.1 | 24.0 | 21.0 | 16.8 | 18.6 | 33.1 | 38.7 | 28.3 | 27.0 | 27.9 |
| Days of inventory on hand | 8.2 | 14.2 | — | 3.9 | 4.6 | 5.1 | 4.3 | 4.6 | 4.9 | 5.1 |
| Days payables outstanding | 17.2 | 10.1 | 15.8 | 13.5 | 5.3 | 5.1 | 5.8 | 7.2 | 7.5 | 7.5 |
| Cash conversion cycle (days) | 21.1 | 28.1 | 5.2 | 7.2 | 17.9 | 33.1 | 37.2 | 25.7 | 24.4 | 25.5 |
| Receivables turnover | 12.15 | 15.22 | 17.40 | 21.76 | 19.67 | 11.02 | 9.43 | 12.90 | 13.53 | 13.07 |
| Payables turnover | 21.28 | 36.05 | 23.07 | 27.08 | 68.65 | 71.53 | 62.60 | 50.89 | 48.95 | 48.51 |
| Inventory turnover | 44.46 | 25.69 | — | 93.02 | 79.06 | 71.17 | 84.01 | 78.86 | 75.23 | 71.45 |
| Asset turnover | 0.34 | 0.22 | 0.21 | 0.29 | 0.39 | 0.84 | 1.12 | 1.41 | 1.31 | 1.43 |
| Average receivables | $389.9M | $184.2M | $96.2M | $52.4M | $55.7M | $88.4M | $101.8M | $72.1M | $59.2M | $55.8M |
| Average payables | $112.2M | $35.9M | $29.4M | $14.2M | $9.5M | $8.3M | $10.7M | $12.5M | $11.4M | $9.4M |
| Average inventory | $53.7M | $50.3M | — | $4.1M | $8.2M | $8.3M | $8.0M | $8.0M | $7.4M | $6.3M |
| Intangibles / total assets | 76.0% | 86.0% | 88.5% | 86.0% | 72.7% | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from TKO's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TKO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), TKO Group traded at 207.5 times earnings, against a 10-year median of 54.3. Based on the latest twelve months, the trailing P/E is 61.4 and the forward P/E is 48.8. TKO Group earned a return on equity of 5.0% and a return on invested capital of 12.5% in fiscal 2025. It ended the year with $4.1 billion of debt and $831.1 million in cash and short-term investments, net debt of $3.2 billion. It returned $1.5 billion to shareholders: $640.7 million in dividends and $866.8 million in share buybacks, 130% of free cash flow. The share count rose 150.2% from 77.5M to 194.0M over 9 years.
See the TKO income statement, the TKO chart for price history, or the TKO stock overview for the latest quote and news.
TKO key metrics FAQ
What is TKO Group's P/E ratio?
TKO Group's trailing P/E ratio is 61.4 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 48.8. At the end of fiscal 2025 it was 207.5, compared with a 10-year median of 54.3.
What is TKO Group's EV/EBITDA?
TKO Group's enterprise value was 33.5 times EBITDA at the end of fiscal 2025 (enterprise value $43.8 billion, EBITDA $1.3 billion); the current EV/EBITDA is 11.7.
What is TKO Group's return on equity?
TKO Group's return on equity (ROE) was 5.0% in fiscal 2025: net income of $195.4 million on average shareholders' equity of $3.9 billion.
What is TKO Group's ROIC?
TKO Group's return on invested capital was 12.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does TKO Group have?
TKO Group had total debt of $4.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.09 and $3.2 billion of net debt (2.47 times EBITDA).
What is TKO Group's dividend yield?
TKO Group's forward dividend yield is 0.70%. TKO Group paid $640.7 million in dividends in fiscal 2025 ($3.30 per share), a payout ratio of 327.9%.
Does TKO Group buy back its shares?
Yes. TKO Group spent $866.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +12.9% over the year, to 194.0M..
What is TKO Group's free cash flow yield?
TKO Group generated $1.2 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.9% on its market value at year-end ($40.5 billion).
What is TKO Group's current ratio?
TKO Group's current ratio was 1.26 at the end of fiscal 2025: current assets were 1.26 times current liabilities.