Skydance (SKYD)
PROVISIONAL label — Forward P/E, trailing P/E and PEG were not published, so there is no P/E to test and the label rests on sales: P/S is 1.34x against a peer median P/S of 1.78x, a ratio of 0.75x — below the fair range — while the peer median forward P/E is 22.07x with no Skydance forward P/E to compare against it. No latest-quarter revenue growth figure was published for the combined company (PRIMARY, EDGAR), so delivered growth cannot confirm the sales discount. Delivered demand check: the Entertainment, media & publishing group's median growth was 10.8% year over year — demand rising, but Skydance has no comparable published growth figure to set against it.
What would change this label: A firm label becomes possible when a forward P/E is published for Skydance and can be tested against the 22.07x peer median forward P/E. Move to PROVISIONAL — FAIRLY PRICED if the P/S rises to about 1.60x or above (0.90x the peer median P/S of 1.78x) at unchanged sales, and to PROVISIONAL — OVERVALUED if the P/S rises above about 2.05x (1.15x the peer median P/S).
Skydance is a film, TV and streaming company formed by a 2025 merger, so it has only a short record as a combined business and no published profit ratios. Its shares cost 1.34 times sales, less than similar companies at 1.78 times sales. On sales alone the shares look provisionally undervalued, but there is no earnings test yet to confirm that.
Both lines start at 100 on 2025-08-07. Over the full window Skydance returned -19.48% and the S&P 500 +21.73% (price returns; dividends not reinvested). Worst peak-to-trough fall for Skydance: -60.4% (2025-09-23 to 2026-07-30). Source: Nasdaq official daily history.
What the label rests on
PROVISIONAL label — Forward P/E, trailing P/E and PEG were not published, so there is no P/E to test and the label rests on sales: P/S is 1.34x against a peer median P/S of 1.78x, a ratio of 0.75x — below the fair range — while the peer median forward P/E is 22.07x with no Skydance forward P/E to compare against it. No latest-quarter revenue growth figure was published for the combined company (PRIMARY, EDGAR), so delivered growth cannot confirm the sales discount. Delivered demand check: the Entertainment, media & publishing group's median growth was 10.8% year over year — demand rising, but Skydance has no comparable published growth figure to set against it. The company’s forward P/E is — against a peer median of 22.1×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Entertainment, media & publishing group's median latest-quarter revenue growth was 10.8% year over year (SEC filings) — demand rising. No comparable latest-quarter growth figure was published for Skydance as a combined company, so no company comparison can be made. Latest-quarter sales growth was — versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| Skydance (SKYD) | $7.58 | — | — |
| TKO | — | 34.3× | 60.0× |
| NWSA | — | 22.1× | 28.2× |
| NWS | — | 24.1× | 30.8× |
| FOX | — | 9.0× | 14.7× |
| FOXA | — | 10.7× | 16.6× |
| Peer median | 22.1× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow = cash from operations minus spending on plant and equipment, both from the company’s SEC cash-flow statement. Gaps are quarters where that spending line is not separately tagged in the filings — shown as gaps, never estimated.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Jun 2026 2026-06-30 | $6.9B | — | $41M | 0.04 | $258M |
| Q/E Mar 2026 2026-03-31 | $7.3B | — | $168M | 0.15 | $96M |
| Q/E Aug 2025 2025-08-06 | $16.6B | — | $-35M | — | $132M |
| Q/E Jun 2025 2025-06-30 | $0 | — | $0 | 0.00 | $-45M |
| Q/E Mar 2025 2025-03-31 | $0 | — | $0 | 0.00 | $-57M |
| Q/E Dec 2024 2024-12-31 | $8.0B | — | $-224M | — | $56M |
| Q/E Sep 2024 2024-09-30 | $6.7B | — | $1M | 0.00 | — |
The last twelve reported quarters. Full 7-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | Skydance Corp |
| Chief executive | David Ellison (source: https://en.wikipedia.org/wiki/Skydance) |
| Sector | Communication Services — Movies & Entertainment — makes and distributes films and TV shows and runs broadcast and streaming networks |
| Share price (Oct 28, 2026) | $7.58 |
| Market value (market cap) | $8.3B — share price times shares outstanding of 1,071,666,977 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $30.9B |
| Net income, last twelve months | $174M |
| Free cash flow, last twelve months | $441M |
| Latest reported quarter | Q/E Jun 2026 (of 7 quarters in the data pack) |
| Six-year price return vs S&P 500 | -19.48% vs +21.73% |
| Worst peak-to-trough fall | -60.4% (2025-09-23 to 2026-07-30) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Free cash flow is absent for one or more quarters: either the filer does not separately tag PP&E purchases in its EDGAR cash-flow facts (common for banks), or — for a successor registrant's newest quarter — the cash-flow lines are year-to-date without the prior-quarter rung needed to difference them. Affected quarters are null in the data, never estimated.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- Skydance is a new registrant formed in 2025 (Paramount Skydance merger; renamed Skydance Corporation Oct 6, 2026 after Warner Bros. Discovery acquisition), with only 7 quarters of combined-company filings since the 2025 merger, so no meaningful own-history multiple range or growth trend exists yet.
- Forward P/E, trailing P/E and PEG were not published in the statistics capture, so no forward P/E ratio to the peer median could be computed; the provisional label rests on P/S versus the peer median P/S of 1.78x computed from the peer captures (TKO 6.10x, NWSA 1.78x, NWS 1.84x, FOX 1.50x, FOXA 1.57x).
- Page opened lists David Ellison as chairman and CEO and Ynon Kreiz as co-CEO; recorded David Ellison as CEO.
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0002041610.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0002041610.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/SKYD/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.