Vivid Seats Inc. (NASDAQ:SEAT) Financial Efficiency Analysis

Core Insights - Vivid Seats Inc. operates in a competitive online ticket marketplace but faces significant financial challenges, particularly in capital efficiency [1][5] Financial Performance - Vivid Seats has a Return on Invested Capital (ROIC) of -61.41%, which is substantially lower than its Weighted Average Cost of Capital (WACC) of 4.95%, indicating insufficient returns to cover capital costs [2][5] - The ROIC to WACC ratio for Vivid Seats is -12.41, further emphasizing its inefficiency in capital utilization [2] - In contrast, Sovos Brands, Inc. has a positive ROIC of 5.54% and a WACC of 5.21%, suggesting effective capital use and strong financial health [3][5] - Bowlero Corp. and CareMax, Inc. both report negative ROICs of -114.39% and -117.47%, respectively, indicating similar challenges in covering their capital costs as Vivid Seats [4][5] - Stagwell Inc. shows a slightly better scenario with a positive ROIC of 3.11%, although it still does not meet its WACC of 4.11%, indicating room for improvement [4]