Enterprise value (equity plus net debt) of team based on current stadium deal (unless new stadium is pending).
$3.8BCalculated August 2023
Owner(s)
Michael Bidwill
Championships
2
Year Purchased
1932
Price Paid
$50,000
Revenue
2
Net of stadium revenues used for debt payments.
$500M
Operating Income
3
Earnings before interest, taxes, depreciation and amortization.
$83M
Debt/Value
4
Includes stadium debt.
4%
Player Expenses
5
Includes benefits and bonuses.
$271M
Gate Receipts
6
Includes club seats.
$58M
Wins-to-player cost ratio
7
Compares the number of wins per player payroll relative to the rest of the NFL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team had 20% more victories per-dollar of payroll compared with the league average.
42
Revenue per Fan
8
Local revenues divided by metro population, with populations in two-team markets divided in half.
$22
Metro Area Population
5M
Media partners
tv: 12 News; radio: KMVP-FM 98.7, KTAR 620 AM
Revenues and operating income are for the 2022 season and net stadium debt service.
Footnotes
Revenues and operating income are for the 2022 season and net stadium debt service.
1. Enterprise value (equity plus net debt) of team based on current stadium deal (unless new stadium is pending).
2. Net of stadium revenues used for debt payments.
3. Earnings before interest, taxes, depreciation and amortization.
4. Includes stadium debt.
5. Includes benefits and bonuses.
6. Includes club seats.
7. Compares the number of wins per player payroll relative to the rest of the NFL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team had 20% more victories per-dollar of payroll compared with the league average.
8. Local revenues divided by metro population, with populations in two-team markets divided in half.
Arizona parted ways with Kliff Kingsbury after an up-and-down four seasons with the team. Kingsbury's tenure saw two fourth-place finishes, a third-place finish and a second-place finish with a loss in the first round of his only playoff appearance. Kingsbury had two years remaining on his deal, worth a reported $11 million. The Cardinals tabbed Jonathan Gannon with turning things around, signing the former Eagles' defensive coordinator to a five-year contract. No financial terms have been reported.
Valuation Breakdown
9. Portion of franchise's value attributable to revenue shared among all teams.
10. Portion of franchise's value attributable to its city and market size.
11. Portion of franchise's value attributable to its stadium.
12. Portion of franchise's value attributable to its brand.
Value Change
16%
1-YEAR CHANGE
13%
ANNUALIZED CHANGE
13
Current team value compared with latest transaction price.
13. Current team value compared with latest transaction price.
Historical
2023
Value1
Enterprise value (equity plus net debt) of team based on current stadium deal (unless new stadium is pending).
$3.8B
2023
$3.8B
2022
$3.3B
2021
$2.7B
2020
$2.3B
2019
$2.3B
2018
$2.2B
2017
$2.2B
2016
$2B
2015
$1.5B
2014
$1B
Revenue2
Net of stadium revenues used for debt payments.
$500M
2023
$500M
2022
$467M
2021
$353M
2020
$422M
2019
$400M
2018
$380M
2017
$370M
2016
$348M
2015
$308M
2014
$266M
Operating Income3
Earnings before interest, taxes, depreciation and amortization.
$83M
2023
$83M
2022
$112M
2021
-$16M
2020
$78M
2019
$87M
2018
$74M
2017
$87M
2016
$95M
2015
$57.2M
2014
$42.8M
Player Expenses5
Includes benefits and bonuses.
$271M
2023
$271M
2022
$240M
2021
$259M
2020
$236M
2019
$209M
2018
$212M
2017
$194M
2016
$168M
2015
$166M
2014
$137M
Win-to-Player Cost Ratio7
Compares the number of wins per player payroll relative to the rest of the NFL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team had 20% more victories per-dollar of payroll compared with the league average.
42
2023
42
2022
121
2021
86
2020
63
2019
38
2018
92
2017
88
2016
186
2015
123
2014
125
1. Enterprise value (equity plus net debt) of team based on current stadium deal (unless new stadium is pending).
2. Net of stadium revenues used for debt payments.
3. Earnings before interest, taxes, depreciation and amortization.
5. Includes benefits and bonuses.
7. Compares the number of wins per player payroll relative to the rest of the NFL. Playoff wins count twice as much as regular season wins. A score of 120 means that the team had 20% more victories per-dollar of payroll compared with the league average.
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The Arizona Cardinals will offer up a home away from home for fans wealthy enough to enjoy the new field-level luxury casitas coming to State Farm Stadium.