Leisure
21 companies · $48.2B combined revenue · $3.3B operating profit
The typical US-listed leisure company grew revenue 7.4% and earnings -1.7% in its latest year, at a 8.5% operating margin, and 5 of 21 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
7.4%Median revenue growth
-1.7%Median earnings growth
6.5%Median revenue growth, 3 yrs
-3.3%Median earnings growth, 3 yrs
8.5%Median operating margin
10.5%Median ROCE
Fastest revenue growthRush Street Interactive RSI22.8%Fastest earnings growthTKO TKO1977%Highest ROCELiberty Live LLYVA661%Biggest margin gainLiberty Live LLYVA+20.6 pts
Growth engines: the 4 Cylinders
All four working: 13% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more48%
- Operating leverage · Operating income growing faster than a growing revenue38%
- Margin expansion · Operating margin up 1 point or more52%
- Debt reduction · Debt down 5% or more, or net cash35%
Combined revenue · 20 companies reporting in US dollars
Combined operating margin
All 21 companies
| Median | – | 7.4% | -1.7% | 8.5% | 10.5% | 1.11x |
| TKOTKO | $4.7B | -3.1%▼ | 1977%▲ | 17.6%▲ | 6.1%▼ | 1.01x▲ |
| WMGWarner Music | $6.7B | 4.4%▼ | -16.1%▼ | 10.3%▲ | 12.3%▲ | 6.28x▼ |
| HASHasbro | $4.7B | 13.7%▲ | -184%▼ | 0.2%▼ | 0.3%▼ | 5.77x▼ |
| MSGSMadison Square Garden Sports | $1.2B | 11%▲ | – | 2.5%▼ | 3.2%▼ | – |
| LTHLife Time | $3.0B | 14.3%▲ | 139%▲ | 16.1%▲ | 6.5%▼ | 0.48x▲ |
| LLYVALiberty Live | $382M | 12.2%▲ | – | -13.5%▼ | 661%▲ | – |
| SGHCSuper Group (SGHC) | $2.2B | 21.6%▲ | 77.2%▲ | 16.5%▲ | 41.5%▲ | 0.02x▲ |
| MTNVail Resorts | $2.8B | -4.3%▼ | -47.3%▼ | 14.8%▲ | 9.5%▼ | 13x▼ |
| MATMattel | $5.3B | -0.6%▼ | -26.6%▼ | 10.2%▲ | 10.5%▲ | 1.04x▲ |
| GOLFAcushnet | $2.6B | 4.1%▼ | -12%▼ | 11.7%▲ | 15.7%▲ | 1.18x▼ |
| RSIRush Street Interactive | $1.1B | 22.8%▲ | 1295%▲ | 7.7%▼ | 19.5%▲ | – |
| MSGEMadison Square Garden Entertainment | $1.1B | 12.5%▲ | 76.8%▲ | 13.3%▲ | 11.9%▲ | 12x▼ |
| SPHRSphere Entertainment | $1.2B | 19%▲ | – | -18.8%▼ | -6.6%▼ | 0.37x▲ |
| BATRAAtlanta Braves | $732M | 10.5%▲ | – | -1.8%▼ | -1.1%▼ | 1.40x▼ |
| MANUManchester United | GBP 678M | 1.7%▼ | – | 3.3%▼ | 2.5%▼ | 4.58x▼ |
| PLNTPlanet Fitness | $1.3B | 12.1%▲ | 27.4%▲ | 29.8%▲ | 14.1%▲ | – |
| YETIYETI | $1.9B | 2.1%▼ | -5.9%▼ | 11.4%▲ | 23.7%▲ | 0.11x▲ |
| CALYCallaway Golf | $2.1B | -0.8%▼ | – | 6.2%▼ | 4.4%▼ | 0.68x▲ |
| OSWOnespaworld | $961M | 7.4% | -1.7% | 8.5% | 12.9%▲ | 0.15x▲ |
| PTONPeloton Interactive | $2.4B | -1.8%▼ | – | 6.6%▼ | 10.5% | – |
| STUBStubHub | $1.7B | -1.4%▼ | – | -77%▼ | -35.3%▼ | 1.27x▼ |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).