TKO (TKO) stock
Communication Services · Movies & Entertainment
TKO (TKO) is a Movies & Entertainment company in the Communication Services sector, headquartered in New York City, New York. As of October 23, 2026, TKO closed at $173.07, a market capitalization of $32.76 billion, the 307th largest company in the S&P 500. Over the last twelve months it generated $5.30 billion in revenue (+18% year over year) and $1.67 billion in free cash flow. The stock trades at 60.5x trailing earnings and 37.0x forward earnings.
- 1-year total return: -5.9% (dividends reinvested)
- 5-year return: +25.4% a year
- 52-week range: $170.92 – $226.94
- Gross margin 59.5%, operating margin 32.4%
- Dividend yield: 1.83%
- FI Handbook report card: C+ across 10 metrics
- 14th largest of 22 Communication Services stocks in the S&P 500
TKO price chart
1Y price change: -7.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| TKO | -8.5% | -16.2% | -5.9% | +31.0% | +25.4% | +25.9% | +10.9% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1999.
TKO key statistics
- Market cap
- $32.8B
- #307 in S&P 500
- P/E (TTM)
- 60.5x
- Forward P/E
- 37.0x
- EPS (TTM)
- $2.86
- Revenue (TTM)
- $5.3B
- +18%
- Free cash flow
- $1.7B
- Gross margin
- 59.5%
- Operating margin
- 32.4%
- Return on equity
- 7.1%
- Dividend yield
- 1.83%
- 52-week range
- $170.92 – $226.94
- Beta
- 0.69
- Price / sales
- 6.2x
- EV / EBITDA
- 13.6x
- Debt / equity
- 0.59x
- Employees
- 4,000
TKO report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth18.2%B
- Gross margin59.5%B
- Operating margin32.4%A
- FCF margin31.5%A
- Return on equity7.1%D
- Net debt / EBITDA2.7xD
- Forward P/E37.0xD
- PEG ratio1.5xB
- Shareholder yield4.5%B
- Share count change / yr53.1%F
TKO financials
Revenue went from $1.0B in fiscal 2021 to $4.7B in fiscal 2025, growing 46.4% a year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $3.2B | $4.9B | $4.7B |
| Operating income | $391.1M | $544.4M | $375.8M | $30.9M | $835.0M |
| Net income | $273.6M | $389.0M | -$35.2M | $9.4M | $195.4M |
| EPS (diluted) | — | — | $-0.43 | $0.02 | $2.26 |
| Buybacks | — | — | $100.0M | $165.0M | $866.8M |
| Dividends paid | — | — | — | — | $185.2M |
| Diluted shares | — | — | 82.8M | 171.9M | 194.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into TKO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $37.1B and $1.7B of trailing free cash flow, TKO needs to grow free cash flow about 13.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 76.6x vs. median 8018.0x (10th–90th percentile 80.4x–10161.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
TKO dividend
- Dividend yield
- 1.83%
- Annual dividend
- $3.16
- Years of increases
- —
- 5-yr dividend growth
- 36.8%
- per year
- Payout ratio
- 109%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
TKO analyst price targets
19 analysts' average 12-month target is $231.89 (+34% vs. $173.07). Targets range from $208.00 to $250.00. 86% rate it a buy.
TKO earnings
Next report: November 4, 2026. TKO has beaten EPS estimates 1 quarters in a row. Last quarter's revenue was $1.5B (+18% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 3, 2026 | $1.09 | $1.34 | +23.3% |
| May 6, 2026 | $0.85 | $0.57 | -32.1% |
| Feb 25, 2026 | $0.09 | $0.02 | -80.8% |
| Nov 5, 2025 | $0.22 | $0.39 | +77.0% |
| Aug 6, 2025 | $1.67 | $0.61 | -63.6% |
| May 8, 2025 | $0.82 | $0.95 | +16.1% |
| Feb 26, 2025 | $0.16 | $0.39 | +141.3% |
| Nov 6, 2024 | $0.58 | $0.28 | -51.3% |
Stocks like TKO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NFLX Netflix | -1.79% | -41% | $274.2B | 19.0x | Compare |
 DIS Walt Disney | -0.54% | +1% | $194.3B | 23.2x | Compare |
 LYV Live Nation Entertainment | -0.61% | +13% | $40.4B | — | Compare |
 SKYD Skydance | -0.26% | -52% | $39.2B | — | Compare |
 GOOGL Alphabet | -1.24% | +27% | $3.9T | 16.1x | Compare |
 GOOG Alphabet | -1.08% | +25% | $3.9T | 15.9x | Compare |
 META Meta Platforms | -0.96% | -12% | $1.6T | 21.9x | Compare |
 VZ Verizon Communications | -1.19% | +24% | $185.6B | 11.6x | Compare |
TKO news
- TKO Group's Quarterly Earnings Preview: What You Need to Know · Oct 22, 2026
- Is TKO Stock Really Expensive? · Oct 20, 2026
- TKO is 'having a moment': COO on what's next for UFC, Wrestlemania, and M&A · Sep 9, 2026
- TKO to Announce Third Quarter 2026 Results · Oct 7, 2026
- TKO Group Holdings (TKO) Stock Still Looks Pricey As Cash Flow Carries The Story · Sep 29, 2026
TKO stock FAQ
What is TKO's market cap?
TKO's market capitalization is $32.76 billion as of October 23, 2026, ranking 307th in the S&P 500.
What is TKO's P/E ratio?
TKO trades at a trailing price-to-earnings ratio of 60.5x and a forward P/E of 37.0x. Its median P/E over the period we track is 8018.0x.
Does TKO pay a dividend?
Yes. TKO pays $3.16 per share a year, a 1.83% yield. Dividends grew 36.8% a year over the last five years.
How much has TKO stock returned?
Including reinvested dividends, TKO returned -5.9% over one year, +25.4% a year over five years, +25.9% a year over ten years through October 23, 2026.
Is TKO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies TKO must grow free cash flow about 13% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the TKO price target?
19 analysts cover TKO with an average 12-month price target of $231.89, +34% from the current price. 86% of them rate it a buy.
When does TKO report earnings?
TKO is expected to report earnings on November 4, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does TKO have?
TKO has about 4,000 full-time employees, or $1.3 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology