15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 68.4% per year over the past 5 years.
Operating margin has expanded, at 5.0% in the latest year.
Financial health
Total debt ($8.2B) exceeds cash ($7.1B); net debt is $1.1B.
Total debt has grown slower than revenue (10.8% vs 68.4% per year).
Operating income covered interest expense 4.0× in the latest year, up from -7.3× 5 years ago.
Total debt is 4.3× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$25.2B
$496M
0.0%
5.0%
$334M
$8.2B
$7.1B
2024
$23.2B
$896M
0.0%
3.6%
$1.1B
$6.4B
$6.1B
2023
$22.7B
$557M
0.0%
4.8%
$924M
$6.6B
$6.2B
2022
$16.7B
$266M
0.0%
4.3%
$1.5B
$5.9B
$5.6B
2021
$6.3B
-$651M
0.0%
-6.7%
$1.6B
$5.7B
$4.9B
2020
$1.9B
-$1.7B
0.0%
-88.8%
-$1.3B
$4.9B
$2.5B
2019
$11.5B
$70M
0.0%
2.8%
$146M
$3.3B
$2.5B
2018
$10.8B
$60M
0.0%
2.5%
$702M
$2.8B
$2.4B
2017
$9.7B
-$6M
0.0%
0.9%
$385M
$2.3B
$1.8B
2016
$7.8B
$3M
0.0%
2.5%
$425M
$2.3B
$1.5B
2015
$7.2B
-$33M
0.0%
1.8%
$165M
$2.0B
$1.3B
2014
$6.9B
-$91M
0.0%
0.1%
$153M
$2.0B
$1.4B
2013
$6.5B
-$43M
0.0%
2.2%
$296M
$1.8B
$1.3B
2012
$5.8B
-$163M
0.0%
-0.4%
$243M
$1.7B
$1.0B
2011
$5.4B
-$83M
0.0%
0.3%
$28M
$1.7B
$844M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$3.8B
-$389M
0.0%
-9.8%
$2.0B
$8.5B
$9.1B
Dec '25
$6.3B
-$202M
0.0%
-2.3%
-$406M
$8.2B
$7.1B
Sep '25
$8.5B
$431M
0.0%
9.3%
-$371M
$7.4B
$6.8B
Jun '25
$7.0B
$243M
0.0%
6.9%
-$40M
$6.5B
$7.1B
Mar '25
$3.4B
$23M
0.0%
3.4%
$1.2B
$6.4B
$7.2B
Dec '24
$5.7B
$201M
0.0%
-4.2%
$890M
$6.4B
$6.1B
Sep '24
$7.7B
$452M
0.0%
8.4%
-$879M
$6.3B
$5.5B
Jun '24
$6.0B
$298M
0.0%
7.7%
$212M
$6.2B
$6.4B
Mar '24
$3.8B
-$54M
0.0%
-1.1%
$855M
$6.2B
$6.5B
Dec '23
$5.8B
-$233M
0.0%
-1.4%
$475M
$6.6B
$6.2B
Sep '23
$8.2B
$521M
0.0%
8.0%
-$995M
$6.6B
$5.9B
Jun '23
$5.6B
$270M
0.0%
6.8%
$405M
$6.6B
$7.1B
Mar '23
$3.1B
-$3M
0.0%
4.6%
$1.0B
$6.6B
$7.0B
Dec '22
$4.3B
-$203M
0.0%
-2.8%
$762M
$5.9B
$5.6B
Sep '22
$6.2B
$361M
0.0%
8.2%
-$695M
—
$5.0B
Jun '22
$4.4B
$188M
0.0%
7.2%
$281M
—
$5.9B
Mar '22
$1.8B
-$50M
0.0%
1.5%
$1.1B
—
$5.9B
Dec '21
$2.7B
-$195M
0.0%
-4.6%
$707M
$5.7B
$4.9B
Sep '21
$2.7B
$47M
0.0%
5.1%
-$191M
$5.7B
$4.6B
Jun '21
$576M
-$196M
0.0%
-22.1%
$1.1B
$5.3B
$4.0B
Valuation over time
How the market has priced LYV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 61.9× (Mar '23) to 83.1× (Jun '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 1.6× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is LYV growing its revenue and profit?
Over the past 5 years, Live Nation Entertainment's revenue has grown 68.4% per year. These are computed facts, not advice.
How much debt does LYV have?
As of FY2025, Live Nation Entertainment reported $8.2B of total debt against $7.1B of cash; operating income covered interest expense 4.0×.
What is LYV's profit margin?
In FY2025, gross margin was —, operating margin 5.0%, and net margin 2.0%.
What is LYV's P/E ratio?
As of Jun '26, Live Nation Entertainment traded at a price-to-earnings ratio of about 83.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.