The Toronto Maple Leafs have been ranked by Sportico as the most valuable franchise in the NHL for a fifth straight season.

The Maple Leafs' valuation came in at $4.25 billion ahead of the 2025-26 season, about $600 million more than the second-ranked New York Rangers' $3.65 billion in Sportico's 2025 NHL valuations.

The Montreal Canadiens came in third at $3.3 billion, followed by the Boston Bruins at $3 billion.

The Los Angeles Kings marked the largest season-to-season increase of any top-five team with a valuation of $2.96 billion, an 18 percent increase over the club's 2024 valuation.

The Leafs topped the rankings for a fifth straight season after leading the NHL in ticket sales, sponsorship and media revenue, according to Sportico's Kurt Badenhausen.

The team's parent company, Maple Leafs Sports and Entertainment, also owns Scotiabank Arena, Badenhausen pointed out. The venue was ranked as one of the most lucrative arenas in the world by Billboard last year with a total gross of $121.4 million.

The average NHL team was valued at $2.1 billion, a 17 percent increase over Sportico's 2024 report, per Badenhausen.

Continue Reading: Maple Leafs, Rangers, Canadiens Top Sportico's 2025 NHL Franchise Valuations