Marcus vs Sphere Entertainment
Sphere Entertainment reported revenue of $1.2 billion in fiscal 2025, 1.6 times Marcus' $758 million in fiscal 2025. Marcus' revenue grew 3.1% in its latest year, and Sphere Entertainment's grew 18.8%. Marcus had an operating margin of 2.2%, against -18.8% at Sphere Entertainment.
Side by side
| Marcus | Sphere Entertainment | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $758M | $1.2B |
| Revenue growth | 3.1% | 18.8% |
| Revenue growth a year, last 5 years | 26.1% | −3.2% |
| Gross margin | — | — |
| Operating margin | 2.2% | −18.8% |
| Net margin | 1.7% | 2.7% |
| Free cash flow | $1M | — |
| Free cash flow margin | 0.1% | — |
| Return on capital | 2.8% | −4.8% |
| Net debt to EBITDA | 1.7x | 1.6x |
| Dividends and buybacks | $9M | $50M |
| Change in diluted share count | −1.9% | 28.3% |
| Last close | $26.76 | $120.02 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | 6 of 8 | 7 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MarcusSphere Entertainment
Operating margin
Percent of revenue
MarcusSphere Entertainment
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MarcusSphere Entertainment
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Marcus and Sphere Entertainment pages.