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Side-by-side financial comparison of TKO Group Holdings (TKO) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.
TKO Group Holdings is the larger business by last-quarter revenue ($1.0B vs $720.0M, roughly 1.4× NCR Voyix Corp). NCR Voyix Corp runs the higher net margin — 13.6% vs -0.2%, a 13.8% gap on every dollar of revenue. On growth, TKO Group Holdings posted the faster year-over-year revenue change (61.6% vs 6.2%). Over the past eight quarters, TKO Group Holdings's revenue compounded faster (28.4% CAGR vs 0.7%).
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).
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
TKO vs VYX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $720.0M |
| Net Profit | $-2.4M | $98.0M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | 2.4% |
| Net Margin | -0.2% | 13.6% |
| Revenue YoY | 61.6% | 6.2% |
| Net Profit YoY | -107.7% | 990.9% |
| EPS (diluted) | $-0.07 | $0.64 |
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.
| Q4 25 | $1.0B | $720.0M | ||
| Q3 25 | $1.1B | $684.0M | ||
| Q2 25 | $1.3B | $666.0M | ||
| Q1 25 | $1.3B | $617.0M | ||
| Q4 24 | $642.2M | $678.0M | ||
| Q3 24 | $681.3M | $708.0M | ||
| Q2 24 | $851.2M | $722.0M | ||
| Q1 24 | $629.7M | $710.0M |
| Q4 25 | $-2.4M | $98.0M | ||
| Q3 25 | $41.0M | $-19.0M | ||
| Q2 25 | $98.4M | $0 | ||
| Q1 25 | $58.4M | $-17.0M | ||
| Q4 24 | $31.0M | $-11.0M | ||
| Q3 24 | $23.1M | $1.1B | ||
| Q2 24 | $59.1M | $-73.0M | ||
| Q1 24 | $-103.8M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.4% | ||
| Q2 24 | — | 17.5% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 5.5% | 2.4% | ||
| Q3 25 | 15.4% | 2.2% | ||
| Q2 25 | 28.1% | 2.1% | ||
| Q1 25 | 18.7% | -3.2% | ||
| Q4 24 | 15.9% | -0.1% | ||
| Q3 24 | 20.0% | 2.3% | ||
| Q2 24 | 30.0% | -4.7% | ||
| Q1 24 | -33.4% | -2.7% |
| Q4 25 | -0.2% | 13.6% | ||
| Q3 25 | 3.7% | -2.8% | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 4.6% | -2.8% | ||
| Q4 24 | 4.8% | -1.6% | ||
| Q3 24 | 3.4% | 152.8% | ||
| Q2 24 | 6.9% | -10.1% | ||
| Q1 24 | -16.5% | -5.6% |
| Q4 25 | $-0.07 | $0.64 | ||
| Q3 25 | $0.47 | $-0.16 | ||
| Q2 25 | $1.17 | $-0.03 | ||
| Q1 25 | $0.69 | $-0.15 | ||
| Q4 24 | $0.28 | $-0.05 | ||
| Q3 24 | $0.28 | $7.41 | ||
| Q2 24 | $0.72 | $-0.53 | ||
| Q1 24 | $-1.26 | $-0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $831.1M | $231.0M |
| Total DebtLower is stronger | $3.8B | $1.1B |
| Stockholders' EquityBook value | $3.7B | $948.0M |
| Total Assets | $15.5B | $3.9B |
| Debt / EquityLower = less leverage | 1.01× | 1.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $831.1M | $231.0M | ||
| Q3 25 | $861.4M | $282.0M | ||
| Q2 25 | $535.1M | $276.0M | ||
| Q1 25 | $470.9M | $573.0M | ||
| Q4 24 | $525.6M | $722.0M | ||
| Q3 24 | $457.4M | $792.0M | ||
| Q2 24 | $277.5M | $203.0M | ||
| Q1 24 | $245.8M | $241.0M |
| Q4 25 | $3.8B | $1.1B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | $1.1B | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $3.7B | $948.0M | ||
| Q3 25 | $3.8B | $848.0M | ||
| Q2 25 | $4.3B | $867.0M | ||
| Q1 25 | $4.2B | $857.0M | ||
| Q4 24 | $4.1B | $933.0M | ||
| Q3 24 | $4.0B | $1.0B | ||
| Q2 24 | $4.0B | $-85.0M | ||
| Q1 24 | $4.0B | $-34.0M |
| Q4 25 | $15.5B | $3.9B | ||
| Q3 25 | $15.5B | $4.0B | ||
| Q2 25 | $15.3B | $4.0B | ||
| Q1 25 | $15.0B | $4.3B | ||
| Q4 24 | $12.7B | $4.5B | ||
| Q3 24 | $12.8B | $4.7B | ||
| Q2 24 | $12.7B | $4.8B | ||
| Q1 24 | $12.7B | $5.0B |
| Q4 25 | 1.01× | 1.17× | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.67× | 1.18× | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $309.9M | $60.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $309.9M | $60.0M | ||
| Q3 25 | $416.8M | $14.0M | ||
| Q2 25 | $396.2M | $-242.0M | ||
| Q1 25 | $162.8M | $-42.0M | ||
| Q4 24 | $56.8M | $-170.0M | ||
| Q3 24 | $236.5M | $11.0M | ||
| Q2 24 | $230.7M | $62.0M | ||
| Q1 24 | $59.3M | $-35.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $10.0M | ||
| Q2 25 | — | $-249.0M | ||
| Q1 25 | — | $-50.0M | ||
| Q4 24 | — | $-177.0M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $-43.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -37.4% | ||
| Q1 25 | — | -8.1% | ||
| Q4 24 | — | -26.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | -6.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | 0.61× | ||
| Q3 25 | 10.16× | — | ||
| Q2 25 | 4.03× | — | ||
| Q1 25 | 2.79× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 10.22× | 0.01× | ||
| Q2 24 | 3.90× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
