#12 Houston Texans

#12 Houston Texans

Team Value
1
Enterprise value (equity plus net debt) of team based on current stadium deal (unless new stadium is pending).
$5.5BCalculated August 2023
Owner(s)
Janice McNair
Championships
0
Year Purchased
1999
Price Paid
$600M
Revenue
2
Net of stadium revenues used for debt payments.
$605M
Operating Income
3
Earnings before interest, taxes, depreciation and amortization.
$195M
Debt/Value
4
Includes stadium debt.
0%
Player Expenses
5
Includes benefits and bonuses.
$252M
Gate Receipts
6
Includes club seats.
$80M
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.
40
Revenue per Fan
8
Local revenues divided by metro population, with populations in two-team markets divided in half.
$30
Metro Area Population
7.2M
Media partners
tv: ABC 13; radio: SportsRadio 610 AM,100.3 The Bull, ESPN Deportes 1180 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.
Houston's revolving door of head coaches continues, as Lovie Smith was relieved of his duties after the 2022 season. The Texans hired former linebacker DeMeco Ryans to be head coach on a six-year deal. Houston is hoping Ryans can figure out some formula for success, as he is the fourth head coach in as many years.
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
17%
1-YEAR CHANGE
10%
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).
$5.5B
2023
$5.5B
2022
$4.7B
2021
$3.7B
2020
$3.3B
2019
$3.1B
2018
$2.8B
2017
$2.8B
2016
$2.6B
2015
$2.5B
2014
$1.9B
Revenue2
Net of stadium revenues used for debt payments.
$605M
2023
$605M
2022
$571M
2021
$397M
2020
$530M
2019
$497M
2018
$464M
2017
$433M
2016
$416M
2015
$383M
2014
$339M
Operating Income3
Earnings before interest, taxes, depreciation and amortization.
$195M
2023
$195M
2022
$211M
2021
-$20M
2020
$165M
2019
$176M
2018
$161M
2017
$141M
2016
$129M
2015
$114.6M
2014
$102.8M
Player Expenses5
Includes benefits and bonuses.
$252M
2023
$252M
2022
$226M
2021
$290M
2020
$239M
2019
$200M
2018
$188M
2017
$186M
2016
$182M
2015
$151M
2014
$134M
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.
40
2023
40
2022
47
2021
38
2020
136
2019
144
2018
52
2017
134
2016
103
2015
110
2014
25
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.
Venue
NRG Stadium
Owner(s)
Harris County
Concessionaire
Aramark
Year Opened
2002
Average Ticket Price
$117
Seating Capacity
71,795
Cost To Build
$449M
Key Connections

More on Forbes