TKO Group Holdings, Inc. (TKO) — payout ratio, two ways
Fiscal year ending 2025-12-31 · sector Consumer discretionary · payout ratios computed from SEC filings, not taken from a data vendor.
Free cash flow is not shown for this company. It cannot be computed from what this company files — the inputs are absent from its XBRL, not zero. The figure marked in the table is operating cash flow instead.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 42.2% | The figure most screeners publish. |
| Operating cash flow | 14.4% | Before capital spending, so it understates the payout that free cash flow shows. |
No free cash flow figure is shown. This company does not report the inputs for it in its XBRL filings — capital expenditure, in particular, is often folded into a single investing total rather than tagged on its own. The figure is absent from the filings, not zero, and inventing one from a balance-sheet movement would be a guess dressed as a measurement.
Spread between highest and lowest: 28 percentage points. Same filings, different denominators.
Coverage rating 60 / 100 — Adequate. ? Peer standing · not rankedDirection 30/30Stability 0/20
Operating cash flow payout, last 5 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 14.4% |
| 2024-12-31 | 11.5% |
| 2023-12-31 | 111.4% |
| 2022-12-31 | 218.4% |
| 2021-12-31 | 61.0% |
Coverage worsened sharply this year, 11.5% to 14.4%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.
The arithmetic
- GAAP earnings — dividends declared per share $0.95 ÷ diluted EPS $2.26
- Operating cash flow — dividends paid $185.2m ÷ operating cash flow $1,285.7m
Where the figures came from
- 10-K filed 2026-02-25 · accession
0001193125-26-071651
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS derived from dividends paid ($0.95); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.