Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
LYV · NYSE · United States · Services-Amusement & Recreation Services
In shortLive Nation Entertainment, Inc. is profitable, generates cash and carries heavy debt, with revenue growing (+8.8% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.0% | 33/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 2.0% | 28/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 223.3% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.9% | 66/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.00× | 16/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 30.26× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.58× | 98/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.96× | 23/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.22 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 1.3% | 25/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.67× | 47/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 105.6% | 0/100 |
| Operating margin volatility | 5.0% | 64/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 14.7% | 99/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 6,268 | 16,681 | 22,726 | 23,156 | 25,201 |
| Selling, general & admin | 1,755 | 2,956 | 3,517 | 4,044 | 4,092 |
| Operating income | (418) | 722 | 1,085 | 825 | 1,251 |
| Interest expense | 282 | 278 | 350 | 326 | 316 |
| Pre-tax income | (611) | 491 | 913 | 739 | 1,031 |
| Income tax | (2.5) | 116 | 209 | (392) | 340 |
| Net income | (651) | 266 | 557 | 896 | 496 |
| Diluted EPS | −$3.09 | $0.52 | $1.34 | $2.74 | −$0.24 |
| Diluted shares (millions) | 217 | 232 | 231 | 236 | 232 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
0.22 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 30, 2026