As valuations soar across the league, the NHL continues to see unprecedented growth — and the Toronto Maple Leafs still sit firmly atop the list. According to the 2025 valuation rankings, the Blackhawks now check in at an estimated $2.75 billion, earning them the 7th-highest valuation among all 32 NHL franchises.
2025 NHL: Top 10 Franchise Valuations
Here’s how the league’s big-market teams stack up, based on the most recent valuations
Rank
Team
Valuation (2025)
1
Toronto Maple Leafs
$4.3B
2
New York Rangers
$3.8B
3
Montreal Canadiens
$3.4B
4
Los Angeles Kings
$3.15B
5
Edmonton Oilers
$3.10B
6
Boston Bruins
$3.05B
7
Chicago Blackhawks
$2.75B
8
Philadelphia Flyers
$2.6B
9
Washington Capitals
$2.5B
10
Detroit Red Wings
$2.47B
Nov 9, 2025; Detroit, Michigan, USA; Chicago Blackhawks defenseman Sam Rinzel (6) handles the puck behind the net during the second period against the Detroit Red Wings at Little Caesars Arena. Mandatory Credit: Brian Bradshaw Sevald-Imagn Images
What That Means for Chicago Blackhawks
Financially healthy: With a $2.75B valuation, the Blackhawks remain among the league’s upper-tier franchises. According to Sportico’s 2025 report, Chicago also pulled in roughly $268 million in revenue and posted an EBITDA of around $85 million
Still behind the heavy hitters: Despite the upside, there’s a big gap between Chicago and the top-valued clubs like Toronto or New York. It reflects deeper pockets, bigger markets, and more financial flexibility for things like star contracts, marketing, and facility upgrades.
Valuation doesn’t guarantee wins
Bigger Picture: The NHL’s Rising Tide
The league as a whole is riding a wave of growth. The average NHL franchise is now worth around $2.1 billion, up significantly from just a few years ago.
Much of the increase in valuations stems from bigger national media deals, rising revenue from sponsorships and advertising, and — for some clubs — valuable real estate and business-side holdings.
For teams like the Blackhawks, that broader financial boom offers a chance: with steady profits and a rising valuation, the front office has the theoretical firepower to rebuild, retool, or invest in long-term growth.
How the Blackhawks Compare to Rivals
Chicago sits 7th in NHL franchise valuations, but where does it compare to some of its rivals?
Detroit Red Wings (10th, ~$2.47B): Chicago maintains a clear edge over Detroit, thanks to higher revenue and stronger EBITDA, but the Red Wings’ loyal fan base and historical prestige keep them competitive in market value.
Philadelphia Flyers (8th, ~$2.6B): Just ahead of Chicago in valuation, the Flyers’ large media market and sponsorship deals give them slightly higher leverage, though the Blackhawks’ on-ice performance and star power still make Chicago a stronger draw regionally.
Washington Capitals (9th, ~$2.5B): The Caps round out the top 10, with steady attendance and consistent playoff appearances helping maintain value, but Chicago’s larger market and revenue streams keep the Hawks ahead.
While the gap to the top 5 (Toronto, NY Rangers, Montreal, LA, Edmonton) remains significant, Chicago’s position shows that the team is far from a small-market contender.
Two Chicago Blackhawks prospects earn national recognition in top-100 under-21 rankings
Read More
For More Great Chicago Sports Content
Get the latest Chicago sports news, analysis, and breaking stories on the Bears, Bulls, Blackhawks, Cubs, White Sox, Sky, and more! Tap the star to add us to your favorites on Google News, so you never miss a story on your favorite Chicago teams.
Follow us on Twitter at @chicitysports23 for more great content. We appreciate you taking time to read our articles. To interact more with our community and keep up to date on the latest in Chicago sports news, JOIN OUR FREE FACEBOOK GROUP by CLICKING HERE