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Ranked: The Most Valuable NHL Teams in 2025
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Key Takeaways
- The Edmonton Oilers generated record revenues during the 2024–25 season thanks to their deep Stanley Cup run.
- Original Six teams still dominate the valuation rankings, while newer markets like Vegas and Seattle show rapid financial growth.
CNBC’s latest valuations for 2025 show that historic NHL franchises still command the highest price tags, but fast-growing teams in non-traditional markets are beginning to close the gap.
This visualization ranks all 32 NHL teams by their estimated enterprise value, alongside their revenues from the 2024–25 season.
Original Six Teams Continue to Lead
The Original Six are the six NHL teams that made up the league from 1942 to 1967, before major expansion began. All six teams are still active today, and together they account for a large share of the league’s Stanley Cup championships.
- Montreal Canadiens
- Toronto Maple Leafs
- Boston Bruins
- New York Rangers
- Detroit Red Wings
- Chicago Blackhawks
Currently, the Toronto Maple Leafs top our list at $4.3 billion, supported by a massive fanbase and strong media revenues. Close behind are the New York Rangers and Montreal Canadiens, both exceeding $3 billion in value.
| Rank | Team | Value | Revenue |
|---|---|---|---|
| 1 | Toronto Maple Leafs | $4.3B | $382M |
| 2 | New York Rangers | $3.8B | $322M |
| 3 | Montreal Canadiens | $3.4B | $324M |
| 4 | Los Angeles Kings | $3.15B | $347M |
| 5 | Edmonton Oilers | $3.1B | $431M |
| 6 | Boston Bruins | $3.05B | $281M |
| 7 | Chicago Blackhawks | $2.75B | $268M |
| 8 | Philadelphia Flyers | $2.6B | $315M |
| 9 | Washington Capitals | $2.5B | $269M |
| 10 | Detroit Red Wings | $2.47B | $251M |
| 11 | New Jersey Devils | $2.45B | $300M |
| 12 | Vancouver Canucks | $2.2B | $234M |
| 13 | Vegas Golden Knights | $2.1B | $243M |
| 14 | Dallas Stars | $2.05B | $252M |
| 15 | Carolina Hurricanes | $2B | $212M |
| 16 | Tampa Bay Lightning | $1.95B | $237M |
| 17 | Calgary Flames | $1.93B | $189M |
| 18 | Minnesota Wild | $1.9B | $250M |
| 19 | Colorado Avalanche | $1.85B | $207M |
| 20 | New York Islanders | $1.82B | $208M |
| 21 | Seattle Kraken | $1.77B | $191M |
| 22 | Pittsburgh Penguins | $1.76B | $206M |
| 23 | Florida Panthers | $1.75B | $235M |
| 24 | Nashville Predators | $1.65B | $192M |
| 25 | St. Louis Blues | $1.62B | $197M |
| 26 | Anaheim Ducks | $1.61B | $175M |
| 27 | Utah Mammoth | $1.6B | $200M |
| 28 | San Jose Sharks | $1.55B | $176M |
| 29 | Winnipeg Jets | $1.46B | $182M |
| 30 | Ottawa Senators | $1.44B | $169M |
| 31 | Buffalo Sabres | $1.42B | $176M |
| 32 | Columbus Blue Jackets | $1.4B | $164M |
Oilers’ Deep Playoff Run Drives Record Revenues
The Edmonton Oilers stand out with the highest revenue figure in the league at $431 million. Their run to the Stanley Cup Finals in 2024–25 generated a surge in ticket sales, merchandise, and broadcast interest. As a result, Edmonton now ranks among the league’s most valuable franchises at $3.1 billion.
Expansion Teams Show Rapid Market Growth
Outside traditional hockey markets, teams like the Vegas Golden Knights and Seattle Kraken continue to build enterprise value quickly. Vegas, valued at $2.1 billion, has established a strong regional and tourism-driven fanbase. Seattle follows at $1.77 billion, reflecting strong ownership investment and enthusiastic local support.
The Utah Mammoth—a recently relocated franchise—also enter the rankings with a solid $1.6 billion valuation, showing the league’s expansion strategy continues to pay off.
Learn More on the Voronoi App
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