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Side-by-side financial comparison of Orla Mining Ltd. (ORLA) and Sphere Entertainment Co. (SPHR). Click either name above to swap in a different company.

Sphere Entertainment Co. is the larger business by last-quarter revenue ($393.8M vs $251.2M, roughly 1.6× Orla Mining Ltd.).

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

Sphere Entertainment Co. is an American entertainment holding company based in New York City, and controlled by the family of Charles Dolan. It owns the Sphere event venue in Paradise, Nevada, in the Las Vegas Valley and New York-based regional sports network chain MSG Networks.

ORLA vs SPHR — Head-to-Head

Bigger by revenue
SPHR
SPHR
1.6× larger
SPHR
$393.8M
$251.2M
ORLA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ORLA
ORLA
SPHR
SPHR
Revenue
$251.2M
$393.8M
Net Profit
$64.7M
Gross Margin
Operating Margin
7.3%
Net Margin
16.4%
Revenue YoY
Net Profit YoY
EPS (diluted)
$2.42

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ORLA
ORLA
SPHR
SPHR
Q4 25
$393.8M
Q3 25
$251.2M
$262.1M
Q2 25
$151.8M
$282.2M
Q1 25
$280.1M
Q3 24
$584.4M
$227.1M
Q2 24
$110.4M
$272.6M
Q1 24
$320.6M
Q4 23
$313.4M
Net Profit
ORLA
ORLA
SPHR
SPHR
Q4 25
$64.7M
Q3 25
$-101.2M
Q2 25
$151.8M
Q1 25
$-82.0M
Q3 24
$-368.9M
$-105.3M
Q2 24
$-46.6M
Q1 24
$-47.2M
Q4 23
$-173.2M
Operating Margin
ORLA
ORLA
SPHR
SPHR
Q4 25
7.3%
Q3 25
-49.5%
Q2 25
-17.8%
Q1 25
-28.1%
Q3 24
-51.8%
Q2 24
-66.3%
Q1 24
-12.6%
Q4 23
Net Margin
ORLA
ORLA
SPHR
SPHR
Q4 25
16.4%
Q3 25
-38.6%
Q2 25
53.8%
Q1 25
-29.3%
Q3 24
-63.1%
-46.4%
Q2 24
-17.1%
Q1 24
-14.7%
Q4 23
-55.3%
EPS (diluted)
ORLA
ORLA
SPHR
SPHR
Q4 25
$2.42
Q3 25
$-2.80
Q2 25
$3.39
Q1 25
$-2.27
Q3 24
$-2.95
Q2 24
$-1.33
Q1 24
$-1.33
Q4 23
$-4.91

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ORLA
ORLA
SPHR
SPHR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$692.7M
Stockholders' EquityBook value
$507.4M
$2.2B
Total Assets
$598.3M
$4.2B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORLA
ORLA
SPHR
SPHR
Q4 25
Q3 25
$384.8M
Q2 25
$355.7M
Q1 25
$465.0M
Q3 24
Q2 24
$96.6M
$559.8M
Q1 24
Q4 23
$614.5M
Total Debt
ORLA
ORLA
SPHR
SPHR
Q4 25
$692.7M
Q3 25
$733.8M
Q2 25
$743.8M
Q1 25
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Q4 23
$1.4B
Stockholders' Equity
ORLA
ORLA
SPHR
SPHR
Q4 25
$2.2B
Q3 25
$507.4M
$2.2B
Q2 25
$507.4M
$2.3B
Q1 25
$2.1B
Q3 24
$968.6M
$2.3B
Q2 24
$400.5M
$2.4B
Q1 24
$2.4B
Q4 23
$2.5B
Total Assets
ORLA
ORLA
SPHR
SPHR
Q4 25
$4.2B
Q3 25
$598.3M
$4.1B
Q2 25
$598.3M
$4.2B
Q1 25
$4.4B
Q3 24
$1.3B
$4.6B
Q2 24
$535.8M
Q1 24
$4.9B
Q4 23
$4.9B
Debt / Equity
ORLA
ORLA
SPHR
SPHR
Q4 25
0.31×
Q3 25
0.34×
Q2 25
0.32×
Q1 25
0.62×
Q3 24
0.59×
Q2 24
0.57×
Q1 24
0.57×
Q4 23
0.58×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ORLA
ORLA
SPHR
SPHR
Operating Cash FlowLast quarter
$126.9M
$180.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORLA
ORLA
SPHR
SPHR
Q4 25
$180.2M
Q3 25
$126.9M
$115.8M
Q2 25
$74.9M
$-59.1M
Q1 25
$6.3M
Q3 24
$92.4M
$34.1M
Q2 24
$22.4M
$-72.4M
Q1 24
$101.0M
Q4 23
$46.4M
Cash Conversion
ORLA
ORLA
SPHR
SPHR
Q4 25
2.78×
Q3 25
Q2 25
-0.39×
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ORLA
ORLA

Segment breakdown not available.

SPHR
SPHR

Ticketing And Venue License Fee Revenues$198.5M50%
Media Networks Revenue$120.1M30%
Sponsorship Signage Exosphere Advertising And Suite Licenses$32.2M8%
Food Beverage And Merchandise Revenues$27.6M7%
Other$13.2M3%
Related Party$2.3M1%

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