Live Nation Entertainment
Live Nation Entertainment returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 72.86% | 7.89% | — | -116.65% | 0.52% | 65.2 pp |
| FY 2026 Q1 | Mar 31, 2026 | — | 7.31% | — | — | 0.35% | — |
| FY 2025 Q4 | Dec 31, 2025 | 53.06% | 11.29% | — | -24.68% | 2.33% | 45.4 pp |
| FY 2025 Q3 | Sep 30, 2025 | — | 11.17% | — | 79.63% | 4.22% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 10.82% | — | 345.87% | 4.22% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 10.32% | — | — | 4.65% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 8.5% | — | 817.62% | 4.63% | — |
| FY 2024 Q3 | Sep 30, 2024 | 46.23% | 9.65% | -72.77% | 90.38% | 2.53% | 38.5 pp |
| FY 2024 Q2 | Jun 30, 2024 | 679.05% | 10.32% | -4.28% | — | 2.6% | 671.3 pp |
| FY 2024 Q1 | Mar 31, 2024 | — | 9.75% | 1.21% | — | 2.67% | — |
| FY 2023 Q4 | Dec 31, 2023 | 130.68% | 12.35% | 50.65% | — | 3.17% | 123 pp |
| FY 2023 Q3 | Sep 30, 2023 | 64.71% | 11.09% | 76.31% | 474.88% | 3.27% | 57 pp |
| FY 2023 Q2 | Jun 30, 2023 | — | 10.35% | — | — | 2.47% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 9.85% | — | — | 1.97% | — |
| FY 2022 Q4 | Dec 31, 2022 | 113.07% | 9.32% | — | — | 1.92% | 105.4 pp |
| FY 2022 Q3 | Sep 30, 2022 | 55.56% | 9.14% | — | — | 2.09% | 47.9 pp |
| FY 2022 Q2 | Jun 30, 2022 | 85.08% | 4.82% | — | — | -0.07% | 77.4 pp |
| FY 2022 Q1 | Mar 31, 2022 | — | -1.18% | — | — | -2.93% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | -5.83% | — | — | -5.21% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | -9.04% | — | — | -7.43% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | -17.39% | — | — | -12.36% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -25.06% | — | -2,845.07% | -16.21% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -24.2% | — | -511.34% | -15.99% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -20.26% | — | -247.92% | -13.82% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -8.31% | — | -104.9% | -6.62% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 2.76% | — | -14.66% | -0.56% | — |
| FY 2019 Q4 | Dec 31, 2019 | 10.15% | 5.59% | 3.81% | -0.43% | 0.72% | 2.4 pp |
| FY 2019 Q3 | Sep 30, 2019 | 8.31% | 5.82% | — | 0.69% | 0.89% | 0.6 pp |
| FY 2019 Q2 | Jun 30, 2019 | 10.1% | 5.47% | — | 0.47% | 0.78% | 2.4 pp |
| FY 2019 Q1 | Mar 31, 2019 | 12.78% | 4.95% | — | -1.37% | 0.43% | 5.1 pp |
| FY 2018 Q4 | Dec 31, 2018 | 10.21% | 6.28% | — | -1.55% | 0.75% | 2.5 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 3.39% | — | -0.26% | 0.21% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 2.8% | — | -3.38% | -0.22% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 2.38% | — | -4.18% | -0.08% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 2.22% | — | -8.46% | -0.08% | — |
| FY 2017 Q3 | Sep 30, 2017 | 7.38% | 5.87% | — | 2.31% | 1.17% | -0.3 pp |
| FY 2017 Q2 | Jun 30, 2017 | 9.77% | 5.84% | — | 1.51% | 0.76% | 2.1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 6.62% | 4.99% | — | -1.56% | 0.2% | -1.1 pp |
| FY 2016 Q4 | Dec 31, 2016 | 3.79% | 4.66% | — | -3.98% | 0.05% | -3.9 pp |
| FY 2016 Q3 | Sep 30, 2016 | 4.39% | 4.64% | — | -0.55% | 0.41% | -3.3 pp |
| FY 2016 Q2 | Jun 30, 2016 | 2.2% | 3.85% | — | -2.53% | 0.06% | -5.5 pp |
| FY 2016 Q1 | Mar 31, 2016 | — | 3.12% | — | -3.81% | -0.28% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 3.27% | — | -5.18% | -0.54% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | -0.37% | — | -11.12% | -2.28% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | -0.45% | — | -9.78% | -1.83% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | -0.12% | — | -9.43% | -1.85% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 0.19% | — | -7.13% | -1.56% | — |
| FY 2014 Q3 | Sep 30, 2014 | 5.54% | 3.76% | — | 0.8% | 0.23% | -2.2 pp |
| FY 2014 Q2 | Jun 30, 2014 | — | 3.13% | — | -3.38% | -0.74% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 4.68% | — | -0.94% | -0.21% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 4.02% | — | -3.14% | -0.79% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 1.78% | — | -8.09% | -2.16% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 1.2% | — | -7.64% | -1.81% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | -0.34% | — | -11.62% | -2.8% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | -0.61% | — | -11.59% | -3.15% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 1.02% | — | -6.69% | -1.94% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 1.05% | — | -7.38% | -1.92% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 1.33% | — | -7.2% | -1.88% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · LYV, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.