• Manchester United PLC (NYSE:MANU) reported earnings with an EPS slightly below estimates, indicating financial challenges.
• High debt-to-equity and enterprise value to operating cash flow ratios raise questions about Manchester United's financial health and liquidity.

Manchester United PLC, trading on the NYSE under the symbol MANU, is a globally recognized football club with a storied 148-year history. The club has won 69 trophies, making it one of the most successful sports teams worldwide. Despite its rich heritage, the company faces financial challenges, as reflected in its recent earnings report.

On December 11, 2025, MANU reported its earnings before the market opened. The company achieved an earnings per share (EPS) of $0.079, slightly below the estimated EPS of $0.080.

Additionally, MANU's actual revenue was approximately $179 million, falling short of the estimated $187.5 million. This revenue shortfall is further emphasized by a price-to-sales ratio of about 2.98, suggesting that investors are paying nearly three times the company's sales per share, despite the revenue miss.

The enterprise value to sales ratio stands at approximately 3.82, reflecting the company's total valuation relative to its sales. However, the enterprise value to operating cash flow ratio is around 35.03, indicating that the company is valued at over 35 times its operating cash flow, which may be concerning for investors.

With a debt-to-equity ratio of about 3.33, Manchester United PLC has a significant amount of debt compared to its equity. The current ratio is approximately 0.38, suggesting potential liquidity issues, as the company may not have enough current assets to cover its current liabilities.