Live Nation Entertainment Inc.

Services-Amusement & Recreation Services

LYVStrained8 of 10 basics passed

$170.33

-0.59%

Market cap $39.7B

$170.33

-0.59%

Market cap $39.7B

Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising.

It is a $39.7B consumer company. Revenue grew 10.6% over the last year, it keeps 1¢ of every dollar of sales as profit, and its net debt equals ~0.8 years of free cash flow. It trades at 298.0× earnings.

Website: livenationentertainment.com
Location: Beverly Hills, CA
Employees: 17 700
Sector: Consumer Cyclical
Founded: 2010

Share price · 3 years

$86.55 → $170.33+96.8%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $20.0B
Profit: keeps 1¢ of every $1 sold; $135M
Free cash flow: cash left after running the business; $1.38B
Net debt: debt minus cash on hand; $1.11B
P/E: years of profit in the price; 298.0
EPS: earnings per share, TTM; $0.58
Shares: shares outstanding; 231.8M
Volatility: beta vs the market — under 1 swings less; 1.17

Revenue, last 3 years

52-week range

Low $125.61$170.33High $188.46

Today's price is 71% of the way from the year's low to its high.

Valuation vs own history

P/E

846.5×

P/S

1.5×

84%

EV/EBITDA

53.3×

10%

P/B

21.8×

94%

FCF yield

3.5%

34%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$534Knet selling

Purchases$0

Sales$534K

Insiders trading, last 14d0 buy · 0 sell

Standing in Consumer Cyclical

Size$39.7Btop 30%
Revenue growth+15%top 18%
Net margin1%top 94%
Return on equity180%top 5%
P/E298.0×top 97%

Ranked against 99 Consumer Cyclical companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation, Growth, Health and Moat lag behind.

Valuation42

P/E vs own history95th pct · 0/25
FCF yield3.5% · 12/25
P/S1.5x · 25/25
EV/EBITDA27.0x · 5/25

Growth45

Revenue CAGR41.6% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Y18.7% · 20/25
Fwd implied growthn/a · 0/25

Profitability61

ROIC54.2% · 25/25
ROE179.7% · 25/25
Net margin0.7% · 6/25
Operating margin3.0% · 5/25

Health47

Altman Z1.16 · 3/25
Current ratio0.85 · 6/25
Interest coverage7.3x · 18/25
Net cash / debtD/A 5% · 20/25

Quality53

Piotroski F7/9 · 22/25
Beneish M-2.57 · 25/25
FCF conversionn/a · 0/25
Margin stabilityσ 23.4% · 6/25

Moat36

ROIC >12% years5/9 yrs · 13/25
Median gross marginn/a · 0/25
FCF-positive years9/10 yrs · 18/25
Worst-year net marginworst -0.1% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2024Financial
Best year on record
$896M net income
FY2021Financial
Positive free cash flow every year since
5-year streak
FY2017Financial
Revenue crossed $10B
$10.3B for the year
FY2016Financial
First recorded profitable year
$2.94M net income
FY2016Financial
Revenue already above $1B
$8.35B in first reported year
2010Founded
Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010…
2009Acquisition
The merger was approved first in Norway and Turkey in 2009

Achievements

Verifiable track record, straight from the reported numbers.

#30 largest of 99 Consumer Cyclical companies by market cap

$10 000 invested in 2021 would be worth ~$19 207 today — price return only

Revenue up 10.6% year over year

Profitable 4 years in a row

Positive free cash flow 5 years in a row

17 700 employees

ROIC of 54.2%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 10.6% year over year
Could repay net debt from ~1.6 years of free cash flow
Interest covered 7.3× by operating earnings
High returns on invested capital (ROIC 54.2%)
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Altman Z-Score 1.16 — elevated financial-distress risk
Loss-making in 3 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 10 checks passed

Revenue growing — the company sells more than a year ago+10.6% YoY
Profitable — makes more than it spends$135M TTM
Profit growing — earnings are higher than last year+18.8% YoY
Generates cash — cash left after running and investing$1.38B TTM
Debt under control — could handle its obligations~0.8y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$39.7B market cap
Not printing shares — share count not ballooning — you keep your slice+0.1% shares over ~5y
Proven track record — years of profitability behind it7/10 profitable years
Financially stable — balance sheet not near distressAltman Z 1.2 — distress
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsP/E 298.0

Peer comparisonLive Nation Entertainment Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
LYV this company	$39.7B	298.0	+10.6%	0.7%	Strained
AMZN Amazon.Com Inc	$2.8T	20.9	+15.8%	17.4%	Mixed
TSLA Tesla, Inc.	$1.5T	397.1	+11.8%	3.7%	Strong
NFLX NetFlix Inc	$292.8B	21.4	+16.0%	28.2%	Solid
HD Home Depot, Inc.	$290.4B	20.4	-16.0%	8.7%	Solid
DIS The Walt Disney Company	$186.5B	21.7	+4.6%	8.7%	Solid
MCD McDonald's Corporation	$166.9B	18.9	+6.3%	31.7%	Strained

Head-to-head: LYV vs AMZN · LYV vs TSLA · LYV vs NFLX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 8Buy 17Hold 6Sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $20.0B · net income $135M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$20.0B

YoY 10.6%

Net income (TTM)

$135M

Margin 0.7%

Gross margin

25.8%

Operating margin

3.0%

P/E ratio

298.0

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
Operating income (EBIT)	-1.7	-0.4	0.7	1.1	0.8	1.3
Net income	-1.7	-0.7	0.3	0.6	0.9	0.5
EPS (diluted)	—	—	1.28	2.44	3.79	2.14

Cash flowFree cash flow $1.38B · operating cash flow $2.61B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.38B

Margin 6.9%

Operating cash flow (TTM)

$2.61B

FCF margin

5.3%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	-1.1	1.8	1.8	1.4	1.7	1.4
Capital expenditure	-0.2	-0.2	-0.3	-0.4	-0.6	-1.1
Free cash flow	-1.3	1.6	1.5	0.9	1.1	0.3
FCF margin	—	—	—	—	—	—

Balance sheetAssets $22.9B · net debt $1.11B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $22.9B of assets is financed

99%

Liabilities $22.6B — borrowed moneyEquity $271M — owners' stake

Cash vs debt

Total debt $8.20B − cash $7.09B = net debt $1.11B

Cash on hand covers 87% of debt.

Altman Z-Score

1.16

Distress zone

Debt repayment

1.6 yrs

Years of free cash flow to clear net debt

Interest coverage

7.3x

EBIT ÷ interest expense

ROE

179.7%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	2.5	4.9	5.6	6.2	6.1	7.1
Total assets	10.6	14.4	16.5	19.1	19.6	22.9
Total liabilities	11.1	15.0	16.8	19.1	19.5	22.6
Total debt	4.9	5.7	5.9	6.6	6.4	8.2
Equity	-0.5	-0.6	-0.4	-0.0	0.2	0.3
Net debt	2.4	0.8	0.3	0.4	0.3	1.1

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of LYV on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $170.33 · market cap $39.7B.