Forbes list of the most valuable NFL teams

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 Dallas Cowboys, valued at $10.1 billion in 2024, has been the NFL's most valuable franchise since 2007 and the most valuable sports franchise in the world since 2016.

The Dallas Cowboys, valued at $10 billion in 2024, are the most valuable sports franchise in the world.

Several media outlets have referenced in related news or conducts analytic journalism when the ranking comes out, such as CBS and Sports Illustrated.^[3][4] The NFL has recognized the annual ranking for the first time after the rendition based on the 2014 NFL season.^[5]

Ranking

Rankings as of August 2024^[2]

Rank	Swing[a]	Team	State	Value[b]	Operating income[c]
#1		Dallas Cowboys	Texas	$10.1 billion	$564 million
#2	1	Los Angeles Rams	California	$7.6 billion	$286 million
#3	1	New England Patriots	Massachusetts	$7.4 billion	$261 million
#4		New York Giants	New Jersey	$7.3 billion	$190 million
#5	2	New York Jets	New Jersey	$6.9 billion	$138 million
#6	3	San Francisco 49ers	California	$6.8 billion	$144 million
#7	1	Las Vegas Raiders	Nevada	$6.7 billion	$115 million
#8	2	Philadelphia Eagles	Pennsylvania	$6.6 billion	$158 million
#9	4	Chicago Bears	Illinois	$6.4 billion	$138 million
#10	2	Washington Commanders	Maryland	$6.3 billion	$160 million
#11		Miami Dolphins	Florida	$6.2 billion	$118 million
#12		Houston Texans	Texas	$6.1 billion	$164 million
#13	7	Green Bay Packers	Wisconsin	$5.6 billion	$60 million
#14	1	Denver Broncos	Colorado	$5.5 billion	$114 million
#15	1	Seattle Seahawks	Washington	$5.4 billion	$104 million
#16	9	Tampa Bay Buccaneers	Florida	$5.4 billion	$134 million
#17	2	Pittsburgh Steelers	Pennsylvania	$5.3 billion	$129 million
#18	3	Atlanta Falcons	Georgia	$5.2 billion	$94 million
#19		Cleveland Browns	Ohio	$5.1 billion	$95 million
#20	5	Los Angeles Chargers	California	$5.1 billion	$110 million
#21	5	Minnesota Vikings	Minnesota	$5 billion	$111 million
#22	5	Baltimore Ravens	Maryland	$5 billion	$77 million
#23	1	Tennessee Titans	Tennessee	$4.9 billion	$123 million
#24	1	Kansas City Chiefs	Missouri	$4.8 billion	$115 million
#25	3	Indianapolis Colts	Indiana	$4.8 billion	$146 million
#26	2	Jacksonville Jaguars	Florida	$4.6 billion	$139 million
#27	1	Carolina Panthers	North Carolina	$4.5 billion	$109 million
#28	1	New Orleans Saints	Louisiana	$4.4 billion	$118 million
#29		Arizona Cardinals	Arizona	$4.3 billion	$112 million
#30		Buffalo Bills	New York	$4.2 billion	$101 million
#31		Detroit Lions	Michigan	$4.1 billion	$56 million
#32		Cincinnati Bengals	Ohio	$4.1 billion	$76 million

Historical valuations

Historical valuations (in US$ millions) by NFL team^[d]

Team	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Dallas Cowboys	8,000	6,500	5,700	5,500	5,000	4,800	4,200	4,000	3,200	2,300
New England Patriots	6,400	5,000	4,400	4,100	3,800	3,700	3,400	3,200	2,600	1,800
Los Angeles Rams	6,200	4,800	4,000	3,800	3,200	3,000	2,900	1,500	930	875
New York Giants	6,000	4,850	4,300	3,900	3,300	3,300	3,100	2,800	2,100	1,600
Chicago Bears	5,800	4,075	3,500	3,500	2,900	2,900	2,700	2,500	1,700	1,300
Washington Commanders	5,600	4,200	3,500	3,400	3,100	3,100	3,000	2,900	2,400	1,700
New York Jets	5,400	4,050	3,600	3,200	2,900	2,800	2,800	2,600	1,800	1,400
San Francisco 49ers	5,200	4,175	3,800	3,500	3,100	3,100	3,000	2,700	1,600	1,200
Las Vegas Raiders	5,100	3,415	3,100	2,900	2,400	2,400	2,100	1,400	970	825
Philadelphia Eagles	4,900	3,800	3,400	3,100	2,800	2,700	2,500	2,400	1,800	1,300
Houston Texans	4,700	3,700	3,300	3,100	2,800	2,800	2,600	2,500	1,900	1,500
Denver Broncos	4,650	3,750	3,200	3,000	2,700	2,600	2,400	1,900	1,500	1,200
Miami Dolphins	4,600	3,420	2,900	2,800	2,600	2,600	2,400	1,900	1,300	1,100
Seattle Seahawks	4,500	3,500	3,100	2,800	2,600	2,400	2,200	1,900	1,300	1,100
Green Bay Packers	4,250	3,475	3,100	2,900	2,600	2,600	2,400	2,000	1,400	1,200
Atlanta Falcons	4,000	3,200	2,900	2,800	2,600	2,500	2,100	1,700	1,100	933
Pittsburgh Steelers	3,975	3,430	3,000	2,800	2,600	2,500	2,300	1,900	1,400	1,100
Minnesota Vikings	3,925	3,350	3,000	2,700	2,400	2,400	2,200	1,600	1,200	1,000
Baltimore Ravens	3,900	3,400	3,000	2,800	2,600	2,500	2,300	1,900	1,500	1,200
Los Angeles Chargers	3,875	2,920	2,600	2,500	2,300	2,300	2,100	1,500	995	949
Cleveland Browns	3,850	2,600	2,400	2,200	2,000	2,000	1,900	1,500	1,100	1,000
Indianapolis Colts	3,800	3,250	2,900	2,700	2,400	2,400	2,200	1,900	1,400	1,200
Kansas City Chiefs	3,700	2,930	2,500	2,300	2,100	2,100	1,900	1,500	1,100	1,000
Tampa Bay Buccaneers	3,675	2,940	2,300	2,200	2,000	2,000	1,800	1,500	1,200	1,100
Carolina Panthers	3,600	2,910	2,600	2,400	2,300	2,300	2,100	1,600	1,300	1,100
New Orleans Saints	3,575	2,825	2,500	2,300	2,100	2,000	1,800	1,500	1,100	1,000
Tennessee Titans	3,500	2,625	2,300	2,200	2,100	2,100	2,000	1,500	1,200	1,100
Jacksonville Jaguars	3,475	2,800	2,500	2,300	2,100	2,100	2,000	1,500	965	840
Buffalo Bills	3,400	2,270	2,100	1,900	1,600	1,600	1,500	1,400	935	870
Arizona Cardinals	3,270	2,650	2,300	2,300	2,200	2,200	2,000	1,500	1,000	961
Detroit Lions	3,050	2,400	2,100	2,000	1,700	1,700	1,700	1,400	960	900
Cincinnati Bengals	3,000	2,275	2,000	2,000	1,800	1,800	1,700	1,400	990	924

Notes

1. Movement of spots in the ranking from the previous year
2. Value of team (in U.S. dollars) based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).
3. Earnings (in dollars) before interest, taxes, depreciation and amortization.
4. Financial data taken from each team profile on Forbes.

See also

• Forbes' list of the most valuable sports teams
• List of professional sports leagues by revenue