Live Nation Entertainment, Inc. — Earnings Quality Grade C
LYV · Communication Services
Some red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 29 days, change +2 days YoY
AR growth 15.0% exceeds revenue growth 8.8%
Revenue 8.8%, CFFO -19.1%. Cash follows revenue
Expense Quality
Inventory 12.8% vs COGS 8.0%. Normal
CapEx growth 61.5% is >2x revenue growth 8.8%
SG&A/Gross Profit = 63.6%. Normal
Gross margin 25.5%, change +0.6pp. Stable
Cash Flow Quality
CFFO/NI = 2.81. Profits backed by cash
FCF $0.3B, FCF/NI = 0.61
Accruals ratio = -3.9%. Low accruals
Cash $7.1B covers 68% of debt $10.4B
Balance Sheet Health
Goodwill+Intangibles $4.3B = 1600% of equity. Over 50%
Debt/EBITDA = 5.2x (>4x). Financial stress
Other assets 2.6% vs revenue 8.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 9% YoY. Normal
Manipulation Score
M-Score = -2.57 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10