List of NFL teams by valuation
Forbes compiles the finances of all 32 NFL teams to produce an annual ranking of the best franchises in terms of valuation. The valuations are composed of the monetary worth of the sport, market, stadium deals, and brand.[1] These areas are supported by applying financial metrics such as debt and operating income to each one.[2]

The latest ranking reported that the Dallas Cowboys is the most valuable NFL franchise after the 2020 NFL season.[3] The fastest growing NFL franchise is the Los Angeles Rams, with a 60% increase in valuation since the 2016 NFL season ($3 to $4.8 billion).[4] The Cowboys have held the title for the highest valuation since the 2007 NFL season, two seasons after the ranking began publishing.[5]
Several media outlets have referenced in related news or conducts analytic journalism when the ranking comes out, such as CBS and Sports Illustrated.[6][7] The NFL has recognized the annual ranking for the first time after the latest rendition.[8] The report has also applied more context to NFL trends, such as the financial impact of Tom Brady signing with the Tampa Bay Buccaneers.[9] The signage has widely contributed to the franchise being the fastest growing within a year, with 29% as its 1-year increase from 2019 ($2.3 billion) to 2020 ($2.94 billion).[10]
Ranking
Rank | Team | Territory | Value[lower-alpha 1] | Change[lower-alpha 2] | Debt[lower-alpha 3] | Revenue[lower-alpha 4] | Operating Income[lower-alpha 5] |
---|---|---|---|---|---|---|---|
#1 | Dallas Cowboys | ![]() | $6.5 billion | ![]() | 5% | $800 million | $280 million |
#2 | New England Patriots | ![]() | $5 billion | ![]() | 4% | $478 million | $142 million |
#3 | New York Giants | ![]() | $4.85 billion | ![]() | 10% | $350 million | –$13 million |
#4 | Los Angeles Rams | ![]() | $4.8 billion | ![]() | 66% | $422 million | $37 million |
#5 | Washington Commanders | ![]() | $4.2 billion | ![]() | 17% | $388 million | $25 million |
#6 | San Francisco 49ers | ![]() | $4.175 billion | ![]() | 7% | $374 million | –$45 million |
#7 | Chicago Bears | ![]() | $4.075 billion | ![]() | 3% | $370 million | –$3.6 million |
#8 | New York Jets | ![]() | $4.05 billion | ![]() | 13% | $345 million | $8.4 million |
#9 | Philadelphia Eagles | ![]() | $3.8 billion | ![]() | 5% | $371 million | –$26 million |
#10 | Denver Broncos | ![]() | $3.75 billion | ![]() | 8% | $368 million | $8.2 million |
#11 | Houston Texans | ![]() | $3.7 billion | ![]() | 0% | $397 million | –$20 million |
#12 | Seattle Seahawks | ![]() | $3.5 billion | ![]() | 5% | $362 million | –$21 million |
#13 | Green Bay Packers | ![]() | $3.475 billion | ![]() | 4% | $371 million | –$34 million |
#14 | Pittsburgh Steelers | ![]() | $3.43 billion | ![]() | 6% | $364 million | $24 million |
#15 | Miami Dolphins | ![]() | $3.42 billion | ![]() | 13% | $372 million | $7.9 million |
#16 | Las Vegas Raiders | ![]() | $3.415 billion | ![]() | 45% | $389 million | –$5.1 million |
#17 | Baltimore Ravens | ![]() | $3.4 billion | ![]() | 8% | $352 million | –$21 million |
#18 | Minnesota Vikings | ![]() | $3.35 billion | ![]() | 16% | $365 million | –$9.7 million |
#19 | Indianapolis Colts | ![]() | $3.25 billion | ![]() | 6% | $350 million | –$20 million |
#20 | Atlanta Falcons | ![]() | $3.2 billion | ![]() | 31% | $353 million | –$4 million |
#21 | Tampa Bay Buccaneers | ![]() | $2.94 billion | ![]() | 6% | $364 million | $1.9 million |
#22 | Kansas City Chiefs | ![]() | $2.93 billion | ![]() | 2% | $364 million | $9 million |
#23 | Los Angeles Chargers | ![]() | $2.92 billion | ![]() | 27% | $339 million | –$49 million |
#24 | Carolina Panthers | ![]() | $2.91 billion | ![]() | 7% | $351 million | –$22 million |
#25 | New Orleans Saints | ![]() | $2.825 billion | ![]() | 9% | $378 million | –$16 million |
#26 | Jacksonville Jaguars | ![]() | $2.8 billion | ![]() | 11% | $361 million | $69 million |
#27 | Arizona Cardinals | ![]() | $2.65 billion | ![]() | 6% | $353 million | –$16 million |
#28 | Tennessee Titans | ![]() | $2.625 billion | ![]() | 13% | $354 million | –$12 million |
#29 | Cleveland Browns | ![]() | $2.6 billion | ![]() | 8% | $375 million | $5.7 million |
#30 | Detroit Lions | ![]() | $2.4 billion | ![]() | 10% | $330 million | –$22 million |
#31 | Cincinnati Bengals | ![]() | $2.275 billion | ![]() | 6% | $348 million | –$17 million |
#32 | Buffalo Bills | ![]() | $2.27 billion | ![]() | 13% | $340 million | –$18 million |
Notes
- Value of team (in USD) based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).
- Change of valuation from the 2016 NFL season to the 2020 NFL season.
- Expressed as the percentage of valuation that is debt. Includes stadium debt.
- Revenue in USD.
- Earnings (in USD) before interest, taxes, depreciation and amortization.
See also
References
- "Dallas Cowboys Profile". Forbes. Retrieved 27 March 2022.
- "The NFL's Most Valuable Teams (2021)". Forbes. Retrieved 27 March 2022.
- "The Business of Football List". Forbes. Retrieved 27 March 2022.
- "Los Angeles Rams Profile". Forbes. Retrieved 27 March 2022.
- "Most Valuable NFL Teams 2005/2021". YouTube. Retrieved 27 March 2022.
- "Most valuable NFL franchises revealed". CBS. Retrieved 27 March 2022.
- "How much are NFL teams worth?". Sports Illustrated. Retrieved 27 March 2022.
- "The most valuable NFL franchises according to Forbes". NFL. Retrieved 27 March 2022.
- "Tom Brady Won't Retire From NFL Without A Mighty Stiff Arm". Forbes. Retrieved 27 March 2022.
- "Tampa Bay Buccaneers Profile". Forbes. Retrieved 27 March 2022.