Take Two Interactive Software
Company Overview
Sector : Communication Services
Industry : Electronic Gaming & Multimedia
Headquarter : New York, NY, USA
Description : Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises. It also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier's Civilization, XCOM series, Borderlands, and Tiny Tina's Wonderland names. In addition, the company publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; mobile titles, including WWE SuperCard; and PGA TOUR 2K. Further, it offers Kerbal Space Program; free-to-play mobile games, such as CSR Racing, Dragon City, Empires & Puzzles, FarmVille, Game of Thrones: Legends, Golf Rival, Harry Potter: Puzzles & Spells, Match Factory!, Merge Dragons!, Merge Magic!, Monster Legends, Toon Blast, Top Eleven, Top Troops, Toy Blast, Two Dots, Words With Friends, and Zynga Poker; and hyper-casual mobile titles, including Color Block Jam, Fill the Fridge!, Parking Jam 3D, Power Slap, Pull the Pin, Screw Jam, Twisted Tangle, and Tangled Snakes. The company's products are designed for console gaming systems; and mobiles comprising smartphones, tablets, and personal computers. It provides its products through physical retail, digital download, online platforms, and cloud streaming services. Take-Two Interactive Software, Inc. was incorporated in 1993 and is based in New York, New York.
S&P Credit Rating
BBB
CEO
Strauss H. Zelnick
No. of Employees
12,928
Website
www.take2games.com
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,410 | 1,780 | 1,790 | 2,670 | 3,090 | 3,370 | 3,500 | 5,350 | 5,350 | 5,630 |
| Revenue Growth % | 30.54% | 25.89% | 0.74% | 48.83% | 15.76% | 9.19% | 3.91% | 52.64% | (0.01%) | 5.31% |
| Gross Profit | 600 | 760 | 890 | 1,140 | 1,550 | 1,840 | 1,970 | 2,290 | 2,240 | 3,060 |
| Gross Margin % | 42.43% | 42.52% | 49.90% | 42.90% | 50.07% | 54.49% | 56.19% | 42.72% | 41.91% | 54.36% |
| Operating Income | 60 | 90 | 150 | 200 | 430 | 630 | 470 | (1,170) | (1,140) | (740) |
| Operating Margin % | 4.28% | 5.13% | 8.38% | 7.56% | 13.77% | 18.65% | 13.54% | (21.78%) | (21.38%) | (13.12%) |
| EBIT | (10) | 100 | 140 | 200 | 410 | 670 | 470 | (1,230) | (3,630) | (4,420) |
| EBIT Margin % | (0.64%) | 5.54% | 7.68% | 7.60% | 13.39% | 19.73% | 13.48% | (22.95%) | (67.81%) | (78.47%) |
| EBITDA | 150 | 360 | 280 | 470 | 800 | 870 | 730 | 80 | (2,440) | (4,000) |
| EBITDA Margin % | 10.92% | 20.12% | 15.76% | 17.52% | 26.04% | 25.69% | 20.75% | 1.53% | (45.68%) | (71.02%) |
| Net Income | (10) | 70 | 170 | 330 | 400 | 590 | 420 | (1,120) | (3,740) | (4,480) |
| Net Margin % | (0.59%) | 3.78% | 9.68% | 12.51% | 13.09% | 17.46% | 11.93% | (21.02%) | (69.99%) | (79.50%) |
| Diluted EPS ($) | (0.10) | 0.72 | 1.54 | 2.90 | 3.54 | 5.09 | 3.58 | (7.03) | (22.01) | (25.58) |
| Dividend Per Share ($) | — | — | — | — | — | — | — | — | — | — |
| Balance Sheet | ||||||||||
| Total Assets | 2,590 | 3,150 | 3,740 | 4,240 | 4,950 | 6,030 | 6,550 | 15,860 | 12,220 | 9,180 |
| Total Liabilities | 2,010 | 2,150 | 2,250 | 2,200 | 2,410 | 2,700 | 2,740 | 6,820 | 6,550 | 7,040 |
| Total Equity | 580 | 1,000 | 1,490 | 2,040 | 2,540 | 3,330 | 3,810 | 9,040 | 5,670 | 2,140 |
| Cash & Equivalents | 800 | 940 | 810 | 830 | 1,360 | 1,420 | 1,730 | 830 | 750 | 1,460 |
| Working Capital | 820 | 510 | 680 | 880 | 1,450 | 1,990 | 1,770 | (1,340) | (150) | (800) |
| Book Value Per Share ($) | 6.72 | 9.78 | 13.06 | 18.19 | 22.37 | 28.93 | 33.02 | 53.54 | 33.18 | 12.07 |
| Total Debt / Equity | 0.86 | 0.25 | 0.01 | 0.00 | 0.07 | 0.06 | 0.07 | 0.39 | 0.62 | 1.92 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 261 | 331 | 394 | 844 | 686 | 912 | 258 | 1 | (16) | (45) |
| Cash from Investing | (325) | (129) | (272) | (224) | 4 | (807) | 139 | (2,876) | (28) | (152) |
| Cash from Financing | (48) | (50) | (281) | (464) | (77) | (57) | (257) | 1,930 | (91) | 651 |
| Capital Expenditure | 37 | 21 | 88 | 67 | 53 | 69 | 159 | 204 | 142 | 169 |
| Free Cash Flow | 213 | 408 | 344 | 891 | 851 | 838 | 852 | 653 | 729 | 1,029 |
| Change in Cash | (111) | 153 | (159) | 156 | 612 | 48 | 140 | (945) | (136) | 454 |
| Period ending Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue % | ||||||||||
| Year Over Year | 30.54% | 25.89% | 0.74% | 48.83% | 15.76% | 9.19% | 3.91% | 52.64% | (0.01%) | 5.31% |
| 3-Year Average | 5.19% | (8.86%) | 18.30% | 23.58% | 20.18% | 23.45% | 9.51% | 20.09% | 16.62% | 17.14% |
| 5-Year Average | 4.45% | 16.60% | 8.10% | 2.57% | 23.32% | 18.99% | 14.51% | 24.44% | 14.92% | 12.77% |
| 10-Year Average | 1.56% | 5.31% | 5.95% | 5.43% | 11.77% | 11.49% | 15.55% | 15.98% | 8.57% | 17.93% |
| Operating Income % | ||||||||||
| Year Over Year | — | 51.02% | 64.63% | 34.19% | 110.87% | 47.90% | (24.59%) | — | — | — |
| 3-Year Average | 125.98% | (39.64%) | — | 49.43% | 67.01% | 61.15% | 32.99% | — | — | — |
| 5-Year Average | (4.76%) | — | 95.68% | (13.45%) | — | 59.76% | 39.04% | — | — | — |
| 10-Year Average | 4.05% | — | — | 5.08% | — | 23.35% | — | — | — | — |
| Net Income % | ||||||||||
| Year Over Year | — | — | 157.84% | 92.38% | 21.15% | 45.60% | (29.01%) | — | — | — |
| 3-Year Average | — | (42.90%) | — | — | 81.81% | 50.27% | 7.78% | — | — | — |
| 5-Year Average | — | — | — | (1.59%) | — | — | 44.09% | — | — | — |
| 10-Year Average | — | — | — | 12.58% | — | 28.37% | — | — | — | — |
| EPS % | ||||||||||
| Year Over Year | — | — | 113.89% | 88.31% | 22.07% | 43.79% | (29.67%) | — | — | — |
| 3-Year Average | — | (39.18%) | — | — | 70.04% | 48.96% | 7.27% | — | — | — |
| 5-Year Average | — | — | — | (1.95%) | — | — | 37.82% | — | — | — |
| 10-Year Average | — | — | — | 8.17% | — | 24.70% | — | — | — | — |
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||||
| Return on Assets % | (0.34%) | 2.30% | 5.03% | 8.37% | 8.80% | 10.73% | 6.65% | (10.04%) | (26.67%) | (41.86%) |
| Return on Equity % | (1.45%) | 8.33% | 13.91% | 18.92% | 17.66% | 20.06% | 11.71% | (17.50%) | (50.91%) | (114.76%) |
| Return on Invested Capital % | (0.78%) | 5.66% | 12.60% | 17.68% | 14.80% | 18.53% | 11.19% | (12.44%) | (33.91%) | (57.08%) |
| Working Capital Efficiency | ||||||||||
| Days Sales Outstanding | 49.88 | 39.80 | 47.56 | 44.00 | 58.39 | 61.97 | 58.96 | 45.80 | 49.22 | 47.00 |
| Days Inventory | 8.06 | 5.75 | 6.40 | 5.19 | 5.60 | 4.38 | 3.68 | — | — | — |
| Payables Period | 15.53 | 11.12 | 13.60 | 12.92 | 16.38 | 16.25 | 23.40 | 15.84 | 19.73 | 27.72 |
| Cash Conversion Cycle | 42.41 | 34.42 | 40.36 | 36.28 | 47.60 | 50.10 | 39.23 | — | — | — |
| Asset Turnover | ||||||||||
| Receivables Turnover | 7.32 | 9.17 | 7.67 | 8.29 | 6.25 | 5.89 | 6.19 | 7.97 | 7.42 | 7.77 |
| Inventory Turnover | 45.29 | 63.52 | 57.06 | 70.28 | 65.21 | 83.32 | 99.17 | — | — | — |
| Fixed Assets Turnover | 19.24 | 24.65 | 21.12 | 23.17 | 14.92 | 11.24 | 9.06 | 9.35 | 7.52 | 7.48 |
| Asset Turnover | 0.59 | 0.62 | 0.52 | 0.67 | 0.67 | 0.61 | 0.56 | 0.48 | 0.38 | 0.53 |
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liquidity | ||||||||||
| Current Ratio | 1.68 | 1.30 | 1.40 | 1.45 | 1.71 | 1.89 | 1.84 | 0.65 | 0.94 | 0.78 |
| Quick Ratio | 1.18 | 0.96 | 0.97 | 1.01 | 1.27 | 1.47 | 1.49 | 0.48 | 0.64 | 0.64 |
| Leverage & Solvency | ||||||||||
| Interest Coverage | — | — | — | 29.98 | 174.85 | 110.20 | 19.96 | (8.30) | (25.34) | (25.53) |
| Financial Leverage | 4.46 | 3.14 | 2.51 | 2.08 | 1.95 | 1.81 | 1.72 | 1.75 | 2.16 | 4.29 |
| Debt / Equity | 0.86 | 0.25 | 0.01 | — | 0.06 | 0.05 | 0.06 | 0.23 | 0.61 | 1.35 |
| Per Share | ||||||||||
| Book Value Per Share ($) | 6.72 | 9.78 | 13.06 | 18.19 | 22.37 | 28.93 | 33.02 | 53.54 | 33.18 | 12.07 |
| Cash Value Per Share ($) | — | — | — | 18.55 | 22.33 | 28.26 | 24.94 | 8.27 | 6.04 | 8.45 |
| Capital Expenditure | ||||||||||
| Capex as % of Sales | 2.64% | 1.19% | 4.88% | 2.51% | 1.73% | 2.04% | 4.53% | 3.82% | 2.65% | 3.01% |
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow Growth | ||||||||||
| Operating CF Growth % YoY | 22.79% | 26.84% | 18.86% | 114.12% | (18.71%) | 33.05% | (71.72%) | (99.57%) | — | — |
| Free Cash Flow Growth % YoY | 37.18% | 38.49% | (1.24%) | 153.42% | (18.58%) | 33.39% | (88.22%) | — | — | — |
| Cash Flow Margins & Quality | ||||||||||
| Free Cash Flow / Sales % | 15.85% | 17.43% | 17.09% | 29.10% | 20.47% | 25.01% | 2.83% | (3.80%) | (2.95%) | (3.81%) |
| Free Cash Flow / Net Income | (26.98) | 4.61 | 1.77 | 2.33 | 1.56 | 1.43 | 0.24 | 0.18 | 0.04 | 0.05 |
| Free Cash Flow Per Share ($) | 3.62 | 3.36 | 1.92 | 4.20 | 7.29 | 8.45 | (0.16) | 0.76 | (1.20) | (2.85) |
| Fiscal Year End Mar | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Price Multiples | ||||||||||
| Price / Sales | 2.73 | 6.11 | 6.59 | 4.39 | 7.09 | 6.14 | 3.23 | 5.00 | 5.81 | 7.39 |
| Price / Earnings | 2,464.50 | 85.10 | 55.64 | 39.49 | 50.31 | 36.64 | — | — | — | — |
| Price / Forward Earnings | — | — | — | 24.24 | 36.14 | 27.09 | 16.14 | 23.13 | 24.02 | 29.43 |
| Price / Cash Flow | 14.90 | 21.45 | 29.99 | 12.74 | 24.42 | 21.23 | 14.20 | 28.18 | 57.60 | 27.14 |
| Price / Book | 7.39 | 8.46 | 6.02 | 6.35 | 8.23 | 5.90 | 1.85 | 3.25 | 5.57 | 13.78 |
| PEG Ratio | 36.72 | 1.27 | 0.46 | 20.05 | 25.54 | 0.18 | — | — | — | — |
| Earnings & Enterprise Value | ||||||||||
| Earnings Yield % | 0.04% | 1.18% | 1.80% | 2.53% | 1.99% | 2.73% | (0.18%) | (5.65%) | (11.52%) | (8.90%) |
| Enterprise Value ($ Bil) | 3.60 | 11.31 | 10.70 | 12.51 | 21.71 | 18.43 | 19.84 | 30.09 | 35.56 | 48.71 |
| EV / EBIT | — | 88.36 | 54.70 | 53.82 | 44.86 | 27.87 | — | — | — | — |
| EV / EBITDA | 19.63 | 29.72 | 33.40 | 22.66 | 29.16 | 20.00 | 33.26 | 71.48 | — | — |