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Independent film and television studio behind franchises like John Wick and The Hunger Games.
Independent film and television studio behind franchises like John Wick and The Hunger Games.
Earns by financing films and TV series and then selling rights to theatres, streaming services, TV networks and home-video buyers, in a mix of its own releases and shows made for other buyers. A few film releases a year and franchise sequels carry the slate, while the library supplies steadier licensing income. It was separated from the Starz streaming service in 2025.
Moat: narrow (IP / patents, brand). Valuable franchise IP (John Wick, Hunger Games) but smaller scale than major studios.
Headquarters: Santa Monica, California, United States · Founded: 1997 · Employees: 916
Size Lionsgate Studios (LION) is a United States Communication Services company (Movies/Entertainment) with a market value of $4.24B, the 1307th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.24 on 6 Nov 2026.
Performance Over six months the shares gained 16.3%, against +11.1% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 8.0% over the last twelve months (peer median +4.8%); the operating margin is 6.2% (peer median 10.6%).
Valuation It trades at 52.8× forward earnings against a peer median of 25.8× (5th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is -8%, so the hurdle is +27 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.3 points below its cost of capital (5.9% WACC).
Backlog Backlog (remaining performance obligations) was $1.93B at 30 Sep 2026, down 6% on a year earlier — 0.6 years of trailing revenue. Backlog detail →
Short interest Short interest is 4.4% of the free float (15 Oct 2026).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.88B | $2.63B | $2.58B | $0 | $0 |
| Revenue growth | — | +2% | — | — | — |
| Gross profit | $1.12B | $1.03B | $828M | $0 | $0 |
| EBITDA | $1.26B | $1.19B | $1.26B | -$24.4M | -$1.63M |
| Net income | -$119M | -$199M | -$357M | $16.7M | $22.5M |
| Free cash flow | $175M | $11.4M | -$180M | -$1.87M | -$1.87M |
| Capital expenditure | $12.8M | $13.4M | $13.5M | $0 | $0 |
| Total debt | $3.94B | $4.19B | $4.29B | $0 | $0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lionsgate Studios LION | $4.24B | +16% | -8% | 6% | 52.8× | 18.6% |
| Warner Bros. Discovery WBD | n/a | +13% | n/a | n/a | n/a | n/a |
| Paramount Skydance PSKY | n/a | 0% | n/a | n/a | n/a | n/a |
| Sony Group Corporation Sponsored ADR SONY | $147B | +34% | -2% | 13% | 19.3× | 5.0% |
| Walt Disney Company (The) DIS | $202B | +9% | +5% | 15% | 15.4× | 14.2% |
| Comcast CMCSA | $86.6B | -3% | 0% | 15% | 7.2× | -6.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LION | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +26.2% | +11.1% | 4th highest of 20 |
| 6-month return | +16.3% | +11.1% | 7th highest of 20 |
| Distance from 52-week high | -14.7% | -16.7% | 9th highest of 20 |
| Revenue growth (TTM) | -8.0% | +4.8% | 4th lowest of 21 |
| Operating margin | 6.2% | 10.6% | 10th lowest of 21 |
| Forward P/E | 52.8× | 25.8× | 5th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 18.6% | 2.4% | 3rd most demanding of 16 |
| Growth delivered (Del g) | -8.0% | +18.2% | lowest of 16 |
| Hurdle (Req g minus delivered) | +26.6 pp | -17.5 pp | 3rd most demanding of 16 |
| ROIC minus cost of capital | -0.3 pp | +1.1 pp | 10th lowest of 21 |
| EV / EBITDA | 6.2× | 10.4× | 3rd cheapest of 12 |
| Net debt / EBITDA | 2.7× | 3.2× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lionsgate Studios LION | United States | $4.24B | +16% | -8% | 6% | 52.8× | 18.6% | -8.0% |
| Toei Animation 4816.T | Japan | $4.17B | +23% | -2% | 31% | 27.9× | 0.5% | +12.7% |
| China Film 600977.SS | China | $4.48B | +16% | 0% | -9% | 141.5× | -7.1% | +10.4% |
| Cinemark CNK | United States | $4.51B | +44% | +13% | 15% | 14.8× | 2.4% | +35.3% |
| Manchester United MANU | United States | $3.90B | +15% | +5% | -2% | 142.1× | 18.3% | +6.5% |
| Banijay BNJ.AS | Netherlands | $3.83B | -13% | +7% | 14% | 8.0× | -4.5% | +18.1% |
| Madison Square Garden Entertainment MSGE | United States | $3.65B | +18% | +16% | 17% | 32.1× | 5.0% | +66.9% |
| Benefit Systems BFT.WA | Poland | $5.18B | +54% | +40% | 19% | 23.7× | 13.4% | +34.3% |
| Beijing Enlight Media 300251.SZ | China | $5.49B | -16% | -71% | -57% | 179.5× | n/a | n/a |
| Atlanta Braves BATRA | United States | $3.23B | +1% | +6% | -9% | n/a | n/a | n/a |
| Itv ITV.L | United Kingdom | $3.23B | -16% | +2% | 13% | 8.3× | -2.8% | +4.8% |
| Genting Singapore G13.SI | Singapore | $5.76B | -10% | +2% | 15% | 19.1× | -5.0% | +18.2% |
| Ruyi Film Entertainment 002739.SZ | China | $2.94B | -9% | -8% | 3% | 34.1× | 6.7% | +15.4% |
| AMC Entertainment AMC | United States | $2.80B | +109% | +6% | 5% | n/a | n/a | n/a |
| Zhejiang Huace Film & TV 300133.SZ | China | $2.79B | +15% | +44% | 8% | 50.4× | n/a | n/a |
| Toei 9605.T | Japan | $2.77B | +5% | +3% | 20% | 23.5× | -3.3% | +11.5% |
| CTS Eventim AG & Co. KGaA EVD.DE | Germany | $6.68B | +11% | +14% | 15% | 18.4× | 6.8% | +64.3% |
| Churchill Downs CHDN | United States | $6.71B | +11% | +4% | 26% | 13.6× | 2.3% | +22.7% |
| China Star Entertainment 0326.HK | Hong Kong | $2.54B | -10% | -69% | -157% | n/a | n/a | n/a |
| Shanghai Film 601595.SS | China | $2.40B | +47% | -18% | -2% | 264.9× | 57.0% | +24.4% |
| MSG Knickerbockers MSGK | United States | $7.51B | n/a | +11% | 3% | n/a | 61.1% | +22.6% |
Lionsgate Studios reported $1.93B of remaining performance obligations at 30 Sep 2026, down 6% from a year earlier and up 1% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.