This article needs to beupdated. Please help update this article to reflect recent events or newly available information.(December 2023)

Forbes compiles thefinances of all 32NHL teams to produce an annual ranking of the best franchises in terms ofvaluation. The valuations are composed of the monetary worth of thesport,market,stadium deals, andbrand.^[1] These areas are supported by applying various financial metrics such asdebt andoperating income to each one.^[2]

The latest ranking reported that theToronto Maple Leafs were the most valuable NHL franchise after the2022–23 NHL season, overtaking theNew York Rangers. The Rangers held the title for 8 consecutive years prior to the 2022-2023 season^[3] The fastest growing NHL franchise is theEdmonton Oilers, with a 136.1% increase in valuation since the2017–18 NHL season ($540 million to $2.65 billion).^[4]

Several media outlets, such asCBS andBleacher Report, have referenced the report andanalyzed the results when they come out.^[5][6] TheNHL has consistently published news about the rankings since the early renditions.^[7][8] The report has also applied more context to NHL trends, such as theEdmonton Oilers doubling in value in just one year.^[9] (The Oilers have recently been consistently clinching the playoffs, moved into theirnew arena and made new media deals).^[10][11][12]

Rankings as of December 20, 2024 (2023–24 NHL season)^[13]

Rank	Swing[a]	Team	State/ Province	Value[b]	Change[c]	Operating Income[d]
1		Toronto Maple Leafs	Ontario	$3.8 billion	36%	$125 million
2		New York Rangers	New York	$3.5 billion	32%	$104 million
3		Montreal Canadiens	Quebec	$3 billion	30%	$142 million
4		Los Angeles Kings	California	$2.9 billion	45%	$143 million
5		Boston Bruins	Massachusetts	$2.7 billion	42%	$69 million
6	1	Edmonton Oilers	Alberta	$2.65 billion	43%	$213 million
7	1	Chicago Blackhawks	Illinois	$2.45 billion	31%	$100 million
8		Philadelphia Flyers	Pennsylvania	$2.3 billion	39%	$71 million
9		Washington Capitals	District of Columbia	$2.15 billion	34%	$80 million
10	5	Detroit Red Wings	Michigan	$2.15 billion	77%	$53 million
11		New Jersey Devils	New Jersey	$2.1 billion	45%	$67 million
12	8	Dallas Stars	Texas	$2 billion	85%	$59 million
13	1	Vancouver Canucks	British Columbia	$1.95 billion	47%	$41 million
14	4	New York Islanders	New York	$1.9 billion	23%	$29 million
15	3	Vegas Golden Knights	Nevada	$1.85 billion	64%	$59 million
16	3	Tampa Bay Lightning	Florida	$1.8 billion	44%	$44 million
17	1	Pittsburgh Penguins	Pennsylvania	$1.75 billion	49%	$52 million
18	1	Colorado Avalanche	Colorado	$1.7 billion	48%	$20 million
19		Calgary Flames	Alberta	$1.65 billion	50%	$37 million
20	6	Seattle Kraken	Washington	$1.6 billion	31%	$22 million
21		Minnesota Wild	Minnesota	$1.55 billion	48%	$32 million
22	1	Nashville Predators	Tennessee	$1.5 billion	54%	$33 million
23	1	St. Louis Blues	Missouri	$1.45 billion	46%	$10 million
24	5	Florida Panthers	Florida	$1.4 billion	81%	$10 million
25	1	San Jose Sharks	California	$1.35 billion	50%	$2 million
26	1	Anaheim Ducks	California	$1.3 billion	41%	$15 million
27		Carolina Hurricanes	North Carolina	$1.25 billion	52%	$23 million
28	4	Utah Mammoth	Utah	$1.2 billion	140%	$4 million
29	5	Ottawa Senators	Ontario	$1.15 billion	21%	$4 million
30	1	Buffalo Sabres	New York	$1.1 billion	47%	$13 million
31	3	Winnipeg Jets	Manitoba	$1.05 billion	35%	$9 million
32	2	Columbus Blue Jackets	Ohio	$1 billion	31%	$1 million

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

• National Hockey League lists
• Sports world rankings
• Top sports lists
• Forbes lists
• 21st century-related lists
• Lists of ice hockey teams

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