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Lionsgate Studios vs Kartoon Studios: revenue, profit, margins and growth compared

Lionsgate Studios brought in $2.6B of revenue in fiscal 2026, Kartoon Studios $39.4M in fiscal 2025. Revenue changed by +1.8% at Lionsgate Studios and +20.7% at Kartoon Studios on the year before, so Kartoon Studios grew faster. Lionsgate Studios kept -7.5% of its revenue as net profit, Kartoon Studios -62.3%. Free cash flow was $11.4M at Lionsgate Studios and -$11.6M at Kartoon Studios.

Side by side, latest fiscal year

LIONTOON
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$2.6B$39.4M
Revenue growth+1.8%+20.7%
Net income-$198.3M-$24.5M
Net margin-7.5%-62.3%
Free cash flow$11.4M-$11.6M
Free cash flow margin0.4%-29.4%
Earnings per share (diluted)-$0.70-$0.49
Cash$341.5M$2.9M
Debt$1.9Bn/a
Price to earningsn/an/a
Market value$3.2B$36M
Dividend yieldn/an/a
Rank by revenue in sector#313 of 778 · Consumer discretionary#722 of 778 · Consumer discretionary

Over the years

Revenue
LION FY2023: $3.1BLION FY2025: $2.5BLION FY2025: $2.6BLION FY2026: $2.6BTOON FY2018: $993.5KTOON FY2019: $5.9MTOON FY2020: $2.5MTOON FY2021: $7.9MTOON FY2022: $62.3MTOON FY2023: $44.1MTOON FY2024: $32.6MTOON FY2025: $39.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LION $2.6BTOON $39.4M
Net income
LION FY2021: -$18.9MLION FY2022: -$188.2MLION FY2023: -$2BLION FY2025: -$1.1BLION FY2025: -$362MLION FY2026: -$198.3MTOON FY2018: -$9MTOON FY2019: -$11.5MTOON FY2020: -$401.7MTOON FY2021: -$126.3MTOON FY2022: -$45.6MTOON FY2023: -$77.1MTOON FY2024: -$20.7MTOON FY2025: -$24.5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LION -$198.3MTOON -$24.5M
Net margin
LION FY2023: -65.2%LION FY2025: -45.0%LION FY2025: -14.0%LION FY2026: -7.5%TOON FY2018: -906.3%TOON FY2019: -194.3%TOON FY2020: -16,176.8%TOON FY2021: -1,604.1%TOON FY2022: -73.2%TOON FY2023: -174.9%TOON FY2024: -63.6%TOON FY2025: -62.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
LION -7.5%TOON -62.3%
Revenue growth
LION FY2025: -20.5%LION FY2025: +5.5%LION FY2026: +1.8%TOON FY2019: +494.7%TOON FY2020: -58.0%TOON FY2021: +217.1%TOON FY2022: +691.3%TOON FY2023: -29.2%TOON FY2024: -26.1%TOON FY2025: +20.7%FY19FY20FY21FY22FY23FY24FY25FY26
LION +1.8%TOON +20.7%
Free cash flow
LION FY2023: $339.6MLION FY2025: $386.9MLION FY2025: -$179.5MLION FY2026: $11.4MTOON FY2018: -$8MTOON FY2019: -$6.3MTOON FY2020: -$8.1MTOON FY2021: -$24.1MTOON FY2022: -$26.5MTOON FY2023: -$16.2MTOON FY2024: -$3.6MTOON FY2025: -$11.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LION $11.4MTOON -$11.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Lionsgate Studios and Kartoon Studios

Which is bigger by revenue, Lionsgate Studios or Kartoon Studios?

Lionsgate Studios is bigger by revenue: $2.6B in fiscal 2026, against $39.4M for Kartoon Studios in fiscal 2025.

Which keeps more of its revenue as profit, Lionsgate Studios or Kartoon Studios?

Lionsgate Studios had a net margin of -7.5% in fiscal 2026; Kartoon Studios had -62.3% in fiscal 2025.

Which grew revenue faster, Lionsgate Studios or Kartoon Studios?

In their latest fiscal years revenue changed by +1.8% at Lionsgate Studios and +20.7% at Kartoon Studios.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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