The Carolina Panthers are ranked among the top 50 most valuable sports teams, according to a Forbes report released on Thursday.

Forbes ranked the Panthers No. 37 with a worth of $2.075 billion, an increase of 33 percent from last year's No. 40 ranking, when the team was worth an estimated $1.56 billion.

Carolina ranks No. 22 among National Football League teams, slightly behind the Los Angeles Chargers ($2.08 billion) and ahead of the Arizona Cardinals ($2.025 billion).

Twenty-nine of the NFL’s franchises are included in Forbes’ top-50. The Cincinnati Bengals, Detroit Lions and Buffalo Bills were the only teams not on the list.

The Dallas Cowboys were crowned the most valuable franchise in all of sports for the second-straight year, with an estimated worth of $4.2 billion. Prior to Forbes’ 2017 rankings, Real Madrid led the sports world with the most valuable the for three-straight years.

According to Forbes, the NFL earned an average operating profit of $91 million last season.

Top 50 most valuable teams

1. Dallas Cowboys, $4.2 billion

2. New York Yankees, $3.7 billion

3. Manchester United, $3.69 billion

4. Barcelona, $3.64 billion

5. Real Madrid, $3.58 billion

6. New England Patriots, $3.4 billion

7. New York Knicks, $3.3 billion

8. New York Giants, $3.1 billion

9. San Francisco 49ers, $3 billion

9. Los Angeles Lakers, $3 billion

11. Washington Redskins, $2.95 billion

12. Los Angeles Rams, $2.9 billion

13. New York Jets, $2.75 billion

13. Los Angeles Dodgers, $2.75 billion

15. Bayern Munich, $2.71 billion

16. Chicago Bears, $2.7 billion

16. Boston Red Sox, $2.7 billion

18. Chicago Cubs, $2.68 billion

19. San Francisco Giants, $2.65 billion

20. Houston Texans, $2.6 billion

20. Golden State Warriors, $2.6 billion

22. Philadelphia Eagles, $2.5 billion

22. Chicago Bulls, $2.5 billion

24. Denver Broncos, $2.4 billion

25. Miami Dolphins, $2.38 billion

26. Green Bay Packers, $2.35 billion

27. Baltimore Ravens, $2.3 billion

28. Pittsburgh Steelers, $2.25 billion

29. Seattle Seahawks, $2.25 billion

30. Minnesota Vikings, $2.2 billion

30. Boston Celtics, $2.2 billion

32. Indianapolis Colts, $2.18 billion

33. Atlanta Falcons, $2.13 billion

34. Oakland Raiders, $2.1 billion

35. Manchester City, $2.083 billion

36. Los Angeles Chargers, $2.08 billion

37. Carolina Panthers, $2.075 billion

38. Arizona Cardinals, $2.025 billion

39. Tennessee Titans, $2 billion

39. Los Angeles Clippers, $2 billion

39. New York Mets, $2 billion

42. Jacksonville Jaguars, $1.95 billion

43. Arsenal, $1.93 billion,

44. Kansas City Chiefs, $1.88 billion

45. Cleveland Browns, $1.85 billion

46. Chelsea, $1.845 billion

47. Tampa Bay Buccaneers, $1.8 billion

47. Brooklyn Nets, $1.8 billion

47. St Louis Cardinals, $1.8 billion

50. New Orleans Saints, $1.75 billion

50. Los Angeles Angels of Anaheim, $1.75 billion