TKO Group Holdings, Inc. (TKO)财务
NYSE · Communication Services · Entertainment · 员工4,000人 · CEO Ariel Zev Emanuel
- 股价
- $180.68 +1.07%
- 市值
- $132亿
- 企业价值
- $166亿
- 最近财报
- Q2 '26 2026-08-03提交
- 下次财报
- 2026-11-04 EPS预期 $1.20
营收(TTM)$53亿+11.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)20.0%+2.9 百分点 对比去年同期营业利润 $10.6亿
净利润(TTM)$2.3亿+8.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$16.7亿+139.6% 对比去年同期资本支出 $1.23亿
稀释EPS(TTM)$2.90+25.0% 对比去年同期最近4个季度之和
净现金-$34亿-34.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $132亿 EV $166亿
- 营收
- $53亿 过去12个月
- 营收增速
- +23% FY2026年一致预期
- 净利润率
- 4.3% 净利润 / 营收,TTM
- P/E
- 59.8× 预期 39.0×(FY2026)
- P/S
- 2.5× 股价 / 营收,TTM
- EV / EBITDA
- 10.7× TTM
- 自由现金流
- $16.7亿 过去12个月
- 净利润
- $2.3亿 过去12个月
- 营收预期
- $58.2亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $13.8亿
- 股息
- $3.14 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-03):营收符合预期,EPS 低于预期5.0%营收$15.5亿,预期$15.4亿(+0.3%);EPS $1.34,预期$1.41(-5.0%)。
- 营收增长平稳:同比18.2%Q2 '26营收$15.5亿,此前四个季度的平均值为17.5%。
- 营业利润率20.0%(TTM),较去年同期+2.9 百分点营收增长11.4%,营业利润增长30.4%。
- 税前利润的40.2%被营业外亏损吞噬税前利润$7.55亿,营业利润$10.6亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的2.3%(去年为2.0%)最近4个季度投入$1.23亿(同比+28.0%)。自由现金流$16.7亿,相当于净利润的728.5%。
- 股东回报$23.6亿 = 自由现金流的141.3%回购$18.3亿(去年为$0),股息$5.29亿,股权激励$1.34亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少2.3%Q2 '26稀释股数1.95亿,一年前为1.99亿。
- 净债务 $34亿现金 + 短期投资 $15.5亿,含租赁债务 $49.5亿;一年前净债务 $25.2亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $15.5亿 | $13.1亿 | +18.2% |
| 毛利率 | 64.1% | 56.0% | +8.1 百分点 |
| 营业利润 | $4.3亿 | $3.87亿 | +11.2% |
| 营业利润率 | 27.8% | 29.5% | -1.8 百分点 |
| 净利润 | $1.02亿 | $9840万 | +3.3% |
| 稀释EPS | $1.34 | $1.17 | +14.5% |
| 经营现金流 | $3.74亿 | $3.96亿 | -5.6% |
| 资本支出 | $2450万 | $2130万 | +14.6% |
| 自由现金流 | $3.49亿 | $3.75亿 | -6.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $4040万 | $3300万 | +22.4% |
实际 vs 一致预期
2026-08-03| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $15.5亿 | $15.4亿 | +0.3% |
| EPS(一致预期口径) | $1.34 | $1.41 | -5.0% |
来自2026-08-03发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $18亿
- 资本支出
- -$1.23亿
- 股票回购
- -$18.3亿
- 股息
- -$5.29亿
- 收购
- -$2560万
- 债务净发行
- $18.7亿
- 股权激励费用
- $1.34亿
- 自由现金流
- $16.7亿
- 股东回报 / FCF
- 141.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 59.8× | 326.6× 5年中的4年 | 14.7× – 1,184.3× |
| EV / EBITDA | 10.7× | 16.0× | 13.7× – 19.0× |
| EV / 营收 | 3.1× | 5.6× | 4.2× – 7.3× |
| 股价 / FCF | 7.9× | 19.9× | 9.5× – 39.2× |
| 股价 / 净资产 | 4.0× | 4.5× | 1.6× – 10.0× |
| FCF收益率 | 12.7% | 6.5% | 2.6% – 10.5% |
| 投入资本回报率 | 6.7% | 6.4% | 1.3% – 15.6% |
| 净资产收益率 | 6.4% | 17.4% | -0.9% – 68.1% |
分析师
一致目标价 $223.57 (+23.7%)
区间 $208.00 – $235.00 · 评级 Buy
强烈买入0
买入17
持有2
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $58.2亿 | +23.0% | $4.63 | +105.0% | 39.0× | 7 |
| FY2027 | $58.8亿 | +1.0% | $5.71 | +23.2% | 31.6× | 7 |
| FY2028 | $74.3亿 | +26.4% | $8.01 | +40.2% | 22.6× | 6 |
| FY2029 | $68.3亿 | -8.1% | $7.66 | -4.3% | 23.6× | 3 |
| FY2030 | $73.9亿 | +8.1% | $9.93 | +29.6% | 18.2× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
TKO Group Holdings, Inc.在近期10-Q / 10-K文件中标记的全部281项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $2.83亿 | $2.84亿 | -0.4% | $1.95亿 | $2.46亿 | -20.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $10.6亿 | $6.34亿 | +67.3% | $5.58亿 | $4.23亿 | +32.0% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2810万 | $2480万 | +13.2% | $3070万 | $2060万 | +48.9% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $110万2025-12-31 | $472万 | -76.6% | $292万 | $535万 | -45.5% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $899万2025-12-31 | $211万 | +326.8% | $1280万 | $406万 | +216.0% |
| Accrued Liabilities, Current | $7.45亿 | $3.94亿 | +89.2% | $5.26亿 | $6.7亿 | -21.5% |
| Accrued Professional Fees, Current | $8540万 | $2960万 | +188.5% | $4580万 | $2840万 | +61.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $4.15亿 | $3.31亿 | +25.1% | $3.71亿 | $2.79亿 | +33.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2050万 | -$1560万 | -31.3% | -$1750万 | -$255万 | -585.2% |
| Additional Paid in Capital, Common Stock | $48.3亿 | $44.1亿 | +9.4% | $45.5亿 | $43.9亿 | +3.8% |
| Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings | $5890万 | $3110万 | +89.4% | $1.85亿 | – | – |
| Amortization of Debt Issuance Costs and Discounts | $122万 | $64.1万 | +89.5% | $275万 | $1040万 | -73.6% |
| Amortization of Intangible Assets | $6680万 | $7210万 | -7.4% | $3.68亿 | $3.42亿 | +7.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $4000万 | $3230万 | +23.8% | $1.09亿 | $8770万 | +24.7% |
| Asset Impairment Charges | $02025-12-31 | $217万 | -100.0% | $359万 | $2790万 | -87.2% |
| AssetAcquisitionConsiderationTransferredOtherAssets | $80万 | $130万 | -38.5% | $4230万 | – | – |
| Assets | $163亿 | $153亿 | +6.0% | $155亿 | $151亿 | +2.5% |
| Assets Held-for-sale, Not Part of Disposal Group, Current | – | – | – | $446万2024-12-31 | $750万 | -40.6% |
| Assets, Current | $32.1亿 | $19.1亿 | +67.8% | $23.3亿 | $15.3亿 | +52.4% |
| Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | – | – | – | $81.1亿2023-12-31 | – | – |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | – | – | – | -$13万2024-12-31 | $201万 | -106.5% |
| Cash Acquired from Acquisition | – | – | – | $3.81亿2023-12-31 | – | – |
| Cash and Cash Equivalents, at Carrying Value | $5.92亿 | $5.35亿 | +10.7% | $8.31亿 | $6.2亿 | +34.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $15.5亿 | $8.59亿 | +80.8% | $11.9亿 | $6.78亿 | +74.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.74亿 | $2.29亿 | -176.0% | $5.08亿 | $3.06亿 | +65.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $2.03亿 | $1.88亿 | +8.2% | $3.68亿 | -$2.61亿 | +240.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.02亿 | $1.08亿 | -5.1% | $2.09亿 | $476万 | +4,291.3% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $3.05亿 | $2.96亿 | +3.3% | $5.77亿 | -$2.56亿 | +325.0% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $2.93亿 | – | – | $7130万 | $3230万 | +120.7% |
| Contract with Customer, Liability | $6.39亿 | $4.93亿 | +29.5% | $7.03亿 | $4.71亿 | +49.4% |
| Contract with Customer, Liability, Current | $4.84亿 | $4.39亿 | +10.1% | $6.63亿 | $4.17亿 | +59.1% |
| Contract with Customer, Liability, Revenue Recognized | $1.44亿 | $7590万 | +90.3% | $3.74亿 | – | – |
| Contract with Customer, Performance Obligation Satisfied in Previous Period | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Refund Liability | $1660万 | – | – | $3270万 | $5050万 | -35.2% |
| Contribution of Property | $25.2万 | $48.1万 | -47.6% | $5090万 | $693万 | +634.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3250万 | – | – |
| Current Federal, State and Local, Tax Expense (Benefit) | – | – | – | $3850万2024-12-31 | $569万 | +576.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $4050万 | $6820万 | -40.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $8390万 | $1.07亿 | -21.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1100万 | – | – |
| Debt Instrument, Unamortized Discount | $1120万 | $786万 | +42.1% | $976万 | $1020万 | -3.9% |
| Deferred Costs, Current | $1.33亿 | $1.41亿 | -5.6% | $2.35亿 | $1.79亿 | +31.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$105万 | – | – |
| Deferred Federal, State and Local, Tax Expense (Benefit) | – | – | – | -$6240万2024-12-31 | -$788万 | -692.1% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$301万 | -$698万 | +56.9% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$1010万 | -$6940万 | +85.4% |
| Deferred Income Tax Liabilities, Net | $3.01亿 | $3.37亿 | -10.7% | $3.02亿 | $3.61亿 | -16.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$608万 | – | – |
| Deferred Tax Assets, Gross | $1.13亿2025-12-31 | $1.38亿 | -17.7% | $1.13亿 | $1.38亿 | -17.7% |
| Deferred Tax Assets, Net of Valuation Allowance | $6830万2025-12-31 | $1.01亿 | -32.3% | $6830万 | $1.01亿 | -32.3% |
| Deferred Tax Assets, Operating Loss Carryforwards | $4760万2025-12-31 | $5090万 | -6.3% | $4760万 | $5090万 | -6.3% |
| Deferred Tax Assets, Other | $369万2025-12-31 | $608万 | -39.3% | $369万 | $608万 | -39.3% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $1550万2025-12-31 | $3090万 | -49.8% | $1550万 | $3090万 | -49.8% |
| Deferred Tax Assets, Valuation Allowance | $4500万2025-12-31 | $3660万 | +22.8% | $4500万 | $3660万 | +22.8% |
| Deferred Tax Liabilities, Intangible Assets | $2.91亿2025-12-31 | $3.75亿 | -22.2% | $2.91亿 | $3.75亿 | -22.2% |
| Deferred Tax Liabilities, Investments | $1040万2025-12-31 | $776万 | +34.4% | $1040万 | $776万 | +34.4% |
| Deferred Tax Liabilities, Leasing Arrangements | $2910万2025-12-31 | $3420万 | -15.0% | $2910万 | $3420万 | -15.0% |
| Deferred Tax Liabilities, Net | $3.66亿2025-12-31 | $4.59亿 | -20.4% | $3.66亿 | $4.59亿 | -20.4% |
| Deferred Tax Liabilities, Other | $631万2025-12-31 | $0 | – | $631万 | $0 | – |
| Deferred Tax Liabilities, Property, Plant and Equipment | $2830万2025-12-31 | $3500万 | -19.3% | $2830万 | $3500万 | -19.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02