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Side-by-side financial comparison of SEALED AIR CORP (SEE) and TKO Group Holdings (TKO). Click either name above to swap in a different company.

SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.3× TKO Group Holdings). SEALED AIR CORP runs the higher net margin — 3.1% vs -0.2%, a 3.4% gap on every dollar of revenue. On growth, TKO Group Holdings posted the faster year-over-year revenue change (61.6% vs 2.6%). Over the past eight quarters, TKO Group Holdings's revenue compounded faster (28.4% CAGR vs 2.7%).

Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.

TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).

SEE vs TKO — Head-to-Head

Bigger by revenue
SEE
SEE
1.3× larger
SEE
$1.4B
$1.0B
TKO
Growing faster (revenue YoY)
TKO
TKO
+59.0% gap
TKO
61.6%
2.6%
SEE
Higher net margin
SEE
SEE
3.4% more per $
SEE
3.1%
-0.2%
TKO
Faster 2-yr revenue CAGR
TKO
TKO
Annualised
TKO
28.4%
2.7%
SEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SEE
SEE
TKO
TKO
Revenue
$1.4B
$1.0B
Net Profit
$43.8M
$-2.4M
Gross Margin
28.6%
Operating Margin
11.4%
5.5%
Net Margin
3.1%
-0.2%
Revenue YoY
2.6%
61.6%
Net Profit YoY
700.0%
-107.7%
EPS (diluted)
$0.30
$-0.07

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
SEE
SEE
TKO
TKO
Q4 25
$1.4B
$1.0B
Q3 25
$1.3B
$1.1B
Q2 25
$1.3B
$1.3B
Q1 25
$1.3B
$1.3B
Q4 24
$1.4B
$642.2M
Q3 24
$1.3B
$681.3M
Q2 24
$1.3B
$851.2M
Q1 24
$1.3B
$629.7M
Net Profit
SEE
SEE
TKO
TKO
Q4 25
$43.8M
$-2.4M
Q3 25
$255.1M
$41.0M
Q2 25
$93.1M
$98.4M
Q1 25
$113.5M
$58.4M
Q4 24
$-7.3M
$31.0M
Q3 24
$91.7M
$23.1M
Q2 24
$98.3M
$59.1M
Q1 24
$82.0M
$-103.8M
Gross Margin
SEE
SEE
TKO
TKO
Q4 25
28.6%
Q3 25
29.8%
Q2 25
30.7%
Q1 25
30.9%
Q4 24
30.0%
Q3 24
30.1%
Q2 24
31.2%
Q1 24
30.3%
Operating Margin
SEE
SEE
TKO
TKO
Q4 25
11.4%
5.5%
Q3 25
13.8%
15.4%
Q2 25
15.0%
28.1%
Q1 25
14.5%
18.7%
Q4 24
11.7%
15.9%
Q3 24
13.9%
20.0%
Q2 24
15.4%
30.0%
Q1 24
14.0%
-33.4%
Net Margin
SEE
SEE
TKO
TKO
Q4 25
3.1%
-0.2%
Q3 25
19.0%
3.7%
Q2 25
7.0%
7.5%
Q1 25
9.0%
4.6%
Q4 24
-0.5%
4.8%
Q3 24
6.9%
3.4%
Q2 24
7.4%
6.9%
Q1 24
6.2%
-16.5%
EPS (diluted)
SEE
SEE
TKO
TKO
Q4 25
$0.30
$-0.07
Q3 25
$1.73
$0.47
Q2 25
$0.63
$1.17
Q1 25
$0.77
$0.69
Q4 24
$-0.05
$0.28
Q3 24
$0.63
$0.28
Q2 24
$0.67
$0.72
Q1 24
$0.56
$-1.26

Balance Sheet & Financial Strength

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

Metric
SEE
SEE
TKO
TKO
Cash + ST InvestmentsLiquidity on hand
$344.0M
$831.1M
Total DebtLower is stronger
$3.3B
$3.8B
Stockholders' EquityBook value
$1.2B
$3.7B
Total Assets
$7.0B
$15.5B
Debt / EquityLower = less leverage
2.65×
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SEE
SEE
TKO
TKO
Q4 25
$344.0M
$831.1M
Q3 25
$282.5M
$861.4M
Q2 25
$354.4M
$535.1M
Q1 25
$335.2M
$470.9M
Q4 24
$371.8M
$525.6M
Q3 24
$386.0M
$457.4M
Q2 24
$388.6M
$277.5M
Q1 24
$352.8M
$245.8M
Total Debt
SEE
SEE
TKO
TKO
Q4 25
$3.3B
$3.8B
Q3 25
$4.0B
$3.7B
Q2 25
$4.0B
$2.7B
Q1 25
$4.2B
$2.8B
Q4 24
$4.2B
$2.8B
Q3 24
$4.3B
$2.7B
Q2 24
$4.4B
$2.7B
Q1 24
$4.5B
$2.7B
Stockholders' Equity
SEE
SEE
TKO
TKO
Q4 25
$1.2B
$3.7B
Q3 25
$1.2B
$3.8B
Q2 25
$953.1M
$4.3B
Q1 25
$797.9M
$4.2B
Q4 24
$624.5M
$4.1B
Q3 24
$771.2M
$4.0B
Q2 24
$650.1M
$4.0B
Q1 24
$598.3M
$4.0B
Total Assets
SEE
SEE
TKO
TKO
Q4 25
$7.0B
$15.5B
Q3 25
$7.1B
$15.5B
Q2 25
$7.2B
$15.3B
Q1 25
$7.0B
$15.0B
Q4 24
$7.0B
$12.7B
Q3 24
$7.3B
$12.8B
Q2 24
$7.3B
$12.7B
Q1 24
$7.2B
$12.7B
Debt / Equity
SEE
SEE
TKO
TKO
Q4 25
2.65×
1.01×
Q3 25
3.34×
0.98×
Q2 25
4.18×
0.64×
Q1 25
5.26×
0.66×
Q4 24
6.72×
0.67×
Q3 24
5.62×
0.67×
Q2 24
6.81×
0.68×
Q1 24
7.49×
0.68×

Cash Flow & Capital Efficiency

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

Metric
SEE
SEE
TKO
TKO
Operating Cash FlowLast quarter
$293.6M
$309.9M
Free Cash FlowOCF − Capex
$257.7M
FCF MarginFCF / Revenue
18.5%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
6.70×
TTM Free Cash FlowTrailing 4 quarters
$458.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SEE
SEE
TKO
TKO
Q4 25
$293.6M
$309.9M
Q3 25
$165.9M
$416.8M
Q2 25
$136.6M
$396.2M
Q1 25
$31.9M
$162.8M
Q4 24
$244.2M
$56.8M
Q3 24
$170.5M
$236.5M
Q2 24
$188.2M
$230.7M
Q1 24
$125.1M
$59.3M
Free Cash Flow
SEE
SEE
TKO
TKO
Q4 25
$257.7M
Q3 25
$119.6M
Q2 25
$93.2M
Q1 25
$-12.0M
Q4 24
$185.1M
Q3 24
$115.2M
Q2 24
$129.5M
Q1 24
$78.0M
FCF Margin
SEE
SEE
TKO
TKO
Q4 25
18.5%
Q3 25
8.9%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
13.6%
Q3 24
8.6%
Q2 24
9.7%
Q1 24
5.9%
Capex Intensity
SEE
SEE
TKO
TKO
Q4 25
2.6%
Q3 25
3.4%
Q2 25
3.3%
Q1 25
3.5%
Q4 24
4.4%
Q3 24
4.1%
Q2 24
4.4%
Q1 24
3.6%
Cash Conversion
SEE
SEE
TKO
TKO
Q4 25
6.70×
Q3 25
0.65×
10.16×
Q2 25
1.47×
4.03×
Q1 25
0.28×
2.79×
Q4 24
1.83×
Q3 24
1.86×
10.22×
Q2 24
1.91×
3.90×
Q1 24
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SEE
SEE

Protective Segment$1.1B78%
Other$292.0M21%
Pension Plans Defined Benefit$7.9M1%

TKO
TKO

World Wrestling Entertainment Segment$359.6M35%
IMG Segment$247.6M24%
Media Rights Production And Content$222.6M21%
Partnerships And Marketing$93.3M9%
Live Events And Hospitality$72.2M7%
Other$29.4M3%
Consumer Products Licensing And Other$13.2M1%

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