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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.
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.
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.
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.
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.
If you enjoyed today’s post, check out Ranked: The Highest Pro Athlete Salaries, by Sport on Voronoi, the new app from Visual Capitalist.
Mapped: Countries Where People Don’t Exercise Enough
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This map shows the share of people in each country who don’t get enough exercise per week. Stark regional patterns emerge.
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The World Health Organization recommends 2.5 hours of moderate activity or 1.25 hours of vigorous activity every week.
What counts as moderate and vigorous activity?
A good rule of thumb is checking heart rate and breathing. If you can talk but not sing while doing the activity (walking, hiking), then it’s a moderate level of exercise.
Running and high-intensity sports are in the vigorous zone.
Using the latest data from a study published by The Lancet Global Health in 2024, we map the countries by the share of their population who aren’t meeting minimum exercise requirements.
At the very top of the list, two-thirds of UAE’s population isn’t meeting minimum physical activity guidelines. This is the highest rate for any country in the study.
| Rank | Country/Territory | % of population with insufficient physical activity |
|---|---|---|
| 1 | 🇦🇪 UAE | 66% |
| 2 | 🇰🇼 Kuwait | 63% |
| 3 | 🇨🇺 Cuba | 61% |
| 4 | 🇱🇧 Lebanon | 59% |
| 5 | 🇰🇷 South Korea | 58% |
| 6 | 🇵🇦 Panama | 58% |
| 7 | 🇶🇦 Qatar | 54% |
| 8 | 🇮🇶 Iraq | 52% |
| 9 | 🇵🇹 Portugal | 52% |
| 10 | 🇸🇦 Saudi Arabia | 52% |
| 11 | 🇨🇷 Costa Rica | 50% |
| 12 | 🇮🇳 India | 49% |
| 13 | 🇸🇷 Suriname | 49% |
| 14 | 🇮🇷 Iran | 46% |
| 15 | 🇵🇰 Pakistan | 46% |
| 16 | 🇻🇪 Venezuela | 46% |
| 17 | 🇱🇾 Libya | 46% |
| 18 | 🇵🇭 Philippines | 46% |
| 19 | 🇷🇸 Serbia | 45% |
| 20 | 🇿🇦 South Africa | 45% |
| 21 | 🇯🇵 Japan | 45% |
| 22 | 🇹🇹 Trinidad & Tobago | 45% |
| 23 | 🇹🇷 Türkiye | 44% |
| 24 | 🇧🇧 Barbados | 44% |
| 25 | 🇰🇳 Saint Kitts & Nevis | 42% |
| 26 | 🇵🇷 Puerto Rico | 42% |
| 27 | 🇧🇿 Belize | 42% |
| 28 | 🇴🇲 Oman | 41% |
| 29 | 🇨🇾 Cyprus | 41% |
| 30 | 🇲🇹 Malta | 41% |
| 31 | 🇧🇷 Brazil | 40% |
| 32 | 🇮🇹 Italy | 40% |
| 33 | 🇲🇾 Malaysia | 40% |
| 34 | 🇸🇻 El Salvador | 39% |
| 35 | 🇳🇮 Nicaragua | 39% |
| 36 | 🇧🇭 Bahrain | 39% |
| 37 | 🇯🇲 Jamaica | 39% |
| 38 | 🇦🇷 Argentina | 39% |
| 39 | 🇲🇷 Mauritania | 39% |
| 40 | 🇨🇱 Chile | 38% |
| 41 | 🇦🇬 Antigua & Barbuda | 38% |
| 42 | 🇸🇾 Syria | 38% |
| 43 | 🇧🇸 Bahamas | 37% |
| 44 | 🇨🇦 Canada | 37% |
| 45 | 🇱🇰 Sri Lanka | 37% |
| 46 | 🇩🇴 Dominican Republic | 37% |
| 47 | 🇵🇱 Poland | 37% |
| 48 | 🇬🇹 Guatemala | 37% |
| 49 | 🇭🇳 Honduras | 37% |
| 50 | 🇷🇴 Romania | 37% |
| 51 | 🇵🇾 Paraguay | 36% |
| 52 | 🇬🇩 Grenada | 36% |
| 53 | 🇹🇯 Tajikistan | 36% |
| 54 | 🇳🇷 Nauru | 36% |
| 55 | 🇬🇷 Greece | 35% |
| 56 | 🇬🇾 Guyana | 35% |
| 57 | 🇳🇴 Norway | 35% |
| 58 | 🇵🇪 Peru | 35% |
| 59 | 🇨🇴 Colombia | 34% |
| 60 | 🇪🇬 Egypt | 34% |
| 61 | 🇺🇾 Uruguay | 34% |
| 62 | 🇺🇸 U.S. | 34% |
| 63 | 🇦🇫 Afghanistan | 33% |
| 64 | 🇹🇳 Tunisia | 33% |
| 65 | 🇧🇳 Brunei | 33% |
| 66 | 🇧🇬 Bulgaria | 32% |
| 67 | 🇰🇮 Kiribati | 32% |
| 68 | 🇺🇿 Uzbekistan | 32% |
| 69 | 🇨🇻 Cabo Verde | 31% |
| 70 | 🇹🇴 Tonga | 31% |
| 71 | 🇩🇲 Dominica | 31% |
| 72 | 🇻🇨 Saint Vincent & the Grenadines | 31% |
| 73 | 🇻🇳 Vietnam | 30% |
| 74 | 🇲🇺 Mauritius | 30% |
| 75 | 🇲🇱 Mali | 30% |
| 76 | 🇵🇸 Palestine | 30% |
| 77 | 🇭🇺 Hungary | 29% |
| 78 | 🇫🇲 Micronesia | 29% |
| 79 | 🇾🇪 Yemen | 29% |
| 80 | 🇩🇿 Algeria | 29% |
| 81 | 🇹🇭 Thailand | 29% |
| 82 | 🇭🇷 Croatia | 28% |
| 83 | 🇭🇹 Haiti | 28% |
| 84 | 🇯🇴 Jordan | 28% |
| 85 | 🇰🇿 Kazakhstan | 28% |
| 86 | 🇲🇽 Mexico | 28% |
| 87 | 🇲🇳 Mongolia | 28% |
| 88 | 🇹🇼 Taiwan | 27% |
| 89 | 🇦🇩 Andorra | 27% |
| 90 | 🇰🇵 North Korea | 27% |
| 91 | 🇹🇱 Timor-Leste | 27% |
| 92 | 🇦🇲 Armenia | 27% |
| 93 | 🇮🇱 Israel | 27% |
| 94 | 🇲🇰 North Macedonia | 26% |
| 95 | 🇵🇼 Palau | 26% |
| 96 | 🇮🇸 Iceland | 26% |
| 97 | 🇸🇲 San Marino | 26% |
| 98 | 🇦🇺 Australia | 26% |
| 99 | 🇲🇨 Monaco | 26% |
| 100 | 🇧🇪 Belgium | 25% |
| 101 | 🇨🇰 Cook Islands | 25% |
| 102 | 🇳🇦 Namibia | 25% |
| 103 | 🇲🇻 Maldives | 25% |
| 104 | 🇲🇦 Morocco | 25% |
| 105 | 🇲🇭 Marshall Islands | 24% |
| 106 | 🇹🇻 Tuvalu | 24% |
| 107 | 🇦🇱 Albania | 24% |
| 108 | 🇬🇪 Georgia | 24% |
| 109 | 🇦🇿 Azerbaijan | 24% |
| 110 | 🇨🇳 China | 24% |
| 111 | 🇨🇿 Czechia | 23% |
| 112 | 🇸🇰 Slovakia | 23% |
| 113 | 🇫🇷 France | 23% |
| 114 | 🇸🇬 Singapore | 23% |
| 115 | 🇪🇨 Ecuador | 23% |
| 116 | 🇲🇪 Montenegro | 23% |
| 117 | 🇧🇴 Bolivia | 23% |
| 118 | 🇧🇼 Botswana | 22% |
| 119 | 🇲🇲 Myanmar | 22% |
| 120 | 🇮🇪 Ireland | 22% |
| 121 | 🇪🇸 Spain | 22% |
| 122 | 🇬🇭 Ghana | 21% |
| 123 | 🇬🇲 Gambia | 21% |
| 124 | 🇧🇦 Bosnia & Herzegovina | 21% |
| 125 | 🇱🇨 Saint Lucia | 21% |
| 126 | 🇬🇦 Gabon | 21% |
| 127 | 🇸🇨 Seychelles | 20% |
| 128 | 🇧🇩 Bangladesh | 20% |
| 129 | 🇱🇹 Lithuania | 20% |
| 130 | 🇰🇬 Kyrgyzstan | 20% |
| 131 | 🇦🇹 Austria | 20% |
| 132 | 🇨🇮 Côte d’Ivoire | 20% |
| 133 | 🇬🇶 Equatorial Guinea | 20% |
| 134 | 🇸🇿 Eswatini | 19% |
| 135 | 🇸🇩 Sudan | 19% |
| 136 | 🇨🇭 Switzerland | 19% |
| 137 | 🇬🇧 UK | 19% |
| 138 | 🇮🇩 Indonesia | 19% |
| 139 | 🇸🇮 Slovenia | 19% |
| 140 | 🇨🇲 Cameroon | 19% |
| 141 | 🇳🇿 New Zealand | 19% |
| 142 | 🇸🇹 São Tomé & Príncipe | 18% |
| 143 | 🇳🇬 Nigeria | 18% |
| 144 | 🇷🇺 Russia | 18% |
| 145 | 🇸🇴 Somalia | 18% |
| 146 | 🇧🇯 Benin | 18% |
| 147 | 🇹🇩 Chad | 18% |
| 148 | 🇿🇼 Zimbabwe | 18% |
| 149 | 🇬🇼 Guinea-Bissau | 18% |
| 150 | 🇸🇧 Solomon Islands | 18% |
| 151 | 🇦🇴 Angola | 17% |
| 152 | 🇰🇲 Comoros | 17% |
| 153 | 🇩🇯 Djibouti | 17% |
| 154 | 🇧🇫 Burkina Faso | 17% |
| 155 | 🇬🇳 Guinea | 17% |
| 156 | 🇸🇳 Senegal | 17% |
| 157 | 🇨🇫 Central African Republic | 17% |
| 158 | 🇸🇸 South Sudan | 16% |
| 159 | 🇳🇪 Niger | 16% |
| 160 | 🇨🇬 Congo | 16% |
| 161 | 🇪🇪 Estonia | 16% |
| 162 | 🇱🇦 Laos | 16% |
| 163 | 🇫🇯 Fiji | 16% |
| 164 | 🇨🇩 DRC | 15% |
| 165 | 🇹🇬 Togo | 15% |
| 166 | 🇱🇷 Liberia | 15% |
| 167 | 🇱🇻 Latvia | 15% |
| 168 | 🇧🇮 Burundi | 14% |
| 169 | 🇿🇲 Zambia | 14% |
| 170 | 🇧🇾 Belarus | 14% |
| 171 | 🇱🇺 Luxembourg | 14% |
| 172 | 🇲🇬 Madagascar | 14% |
| 173 | 🇼🇸 Samoa | 14% |
| 174 | 🇰🇭 Cambodia | 13% |
| 175 | 🇸🇱 Sierra Leone | 13% |
| 176 | 🇺🇦 Ukraine | 13% |
| 177 | 🇵🇬 Papua New Guinea | 13% |
| 178 | 🇩🇰 Denmark | 12% |
| 179 | 🇹🇲 Turkmenistan | 12% |
| 180 | 🇩🇪 Germany | 12% |
| 181 | 🇪🇷 Eritrea | 12% |
| 182 | 🇲🇩 Moldova | 11% |
| 183 | 🇧🇹 Bhutan | 10% |
| 184 | 🇲🇿 Mozambique | 10% |
| 185 | 🇫🇮 Finland | 10% |
| 186 | 🇪🇹 Ethiopia | 9% |
| 187 | 🇳🇱 Netherlands | 9% |
| 188 | 🇷🇼 Rwanda | 9% |
| 189 | 🇰🇪 Kenya | 9% |
| 190 | 🇸🇪 Sweden | 9% |
| 191 | 🇳🇵 Nepal | 8% |
| 192 | 🇱🇸 Lesotho | 8% |
| 193 | 🇻🇺 Vanuatu | 8% |
| 194 | 🇳🇺 Niue | 7% |
| 195 | 🇺🇬 Uganda | 6% |
| 196 | 🇹🇿 Tanzania | 4% |
| 197 | 🇲🇼 Malawi | 3% |
Note: Data collected between 2022–2024, via surveys and national statistics programs, published August 2024. Figures are age-standardized, averaged between sexes, and rounded.
In fact, the Middle East and West and South Asia are all swathes of red—indicating about half of the population isn’t exercising enough.
On the other hand, East and Southeast Asian countries are a little better when it comes to physical activity.
Interestingly Japan—known for their longevity—isn’t technically exercising enough by the specified guidelines. However the Japanese are also known for their walkable cities and excellent diet, both points in their favor.
Meanwhile, most people in Europe and Africa meet the requirements. Sub-Saharan Africa in particular is very active, but there are economic reasons at play here as well: a greater share of the population in poorer countries are often employed in subsistence farming or manual labor.
To see the correlation between exercise levels and incomes check out The Global Population by Income Group for a quick overview.
New York City has the most major sports championships in North America, and has won at least one championship in every major league.
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For many cities, sports championships are more than just trophies—they are the lifeblood of city pride, transforming athletic achievements into enduring cultural legends.
This map visualizes North American cities by the number of major sports championships won.
Championships include the following leagues:
The figures come from Wikipedia and are updated as of the 2025 Super Bowl. Championships are recorded by city, not franchise. When a team relocates, prior championships remain with the original city.
Below, we show the North American cities with the most major sports championship titles.
With 65 championships, New York City leads by a wide margin, reflecting its long history of successful teams across multiple leagues.
The city has won at least one championship in every major league (excluding the CFL), with the most (35) in the MLB.
New York City has multiple teams in multiple leagues, including the NBA (Knicks, Nets), NFL (Giants, Jets), MLB (Yankees, Mets), NHL (Rangers, Islanders), and MLS (Red Bulls, NYCFC), contributing to more opportunities for championships.
Many of these New York teams, including the Yankees and Giants, also rank among the most valuable teams in the world, which can provide them with financial advantages such as higher payrolls and better facilities that may contribute to attracting top talent.
Other cities with two teams in the same league include Los Angeles (NBA: Lakers, Clippers; NFL: Rams, Chargers; MLS: LA Galaxy, LAFC), Chicago (MLB: Cubs, White Sox), and the San Francisco Bay Area (MLB: Giants, Athletics).
While the U.S. has more major sports franchises, Canadian cities still rank highly in total championships, with Toronto (43) and Montreal (36) claiming the second and fourth spots.
A key reason is the prominence of the NHL and CFL, which have historically dominated Canadian sports culture.
Despite making up just seven of the NHL’s 32 teams, Canadian hockey franchises also account for three of the league’s five highest-earning teams.
To learn more about North American major sports leagues, check out this graphic that visualizes how much each major U.S. sports league earns in stadium revenue.
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