Madison Square Garden Sports Corp. (MSGS) 10-Year Financial Performance & Capital Metrics

MSGS •

Communication ServicesEntertainmentLive Events and Sports Operators

AboutMadison Square Garden Sports Corp. operates as a professional sports company. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. It also owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming, a North American esports organization. In addition, the company operates two professional sports team performance centers, the Madison Square Garden Training Center in Greenburgh and the CLG Performance Center in Los Angeles. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.Show more

Revenue $1.04B +1.2%
EBITDA $18M -87.9%
Net Income -$22M -138.2%
EPS (Diluted) -0.93 -138.1%
Gross Margin 27.03% -31.9%
EBITDA Margin 1.73% -88.1%
Operating Margin 1.42% -90.0%
Net Margin -2.16% -137.7%
ROE -
ROIC 1.49% -89.9%
Debt/Equity -
Interest Coverage 0.68 -87.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 89 (top 11%)
✓Strong 5Y sales CAGR of 11.5%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.31%

5Y11.49%

3Y8.16%

TTM0.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-129.09%

EPS CAGR

10Y-

5Y-

3Y-

TTM-129.33%

ROCE

10Y Avg1.82%

5Y Avg5.57%

3Y Avg8.99%

Latest1.53%

Peer Comparison

Live Events and Sports Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TKOTKO Group Holdings, Inc.	26B	223.87	99.06	68.85%	4.13%	2.11%	4.94%	0.44
MSGEMadison Square Garden Entertainment Corp.	2.55B	63.14	82	-1.72%	5.12%	144.17%	3.65%
TDICDreamland Limited Class A Ordinary Shares	6.12M	0.17	6.33	124.08%	14.03%	112.46%		1.62
HOFVHall of Fame Resort & Entertainment Company	2.35M	0.35	-0.04	-12.12%	-366.24%	-207.29%		3.45
CPOPPop Culture Group Co., Ltd	188.22K	0.33	-0.08	155.52%	-30.56%	-102.2%		0.41
SPHRSphere Entertainment Co.	817.24M	119.01	-20.95		-9.54%	-4.7%		0.63
MANUManchester United plc	1.01B	18.01	-70.46	0.72%	-1.39%	-4.76%	3.73%	3.33
BATRKAtlanta Braves Holdings, Inc.	2.24B	43.71	-118.14	10.52%	-3.19%	-4.34%		1.56

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	1.12B	1.32B	1.56B	729.4M	603.32M	415.72M	821.35M	887.45M	1.03B	1.04B
Revenue Growth %	4.08%	18.21%	18.25%	-53.22%	-17.29%	-31.09%	97.57%	8.05%	15.74%	1.18%
Cost of Goods Sold+	840.34M	968.77M	1.07B	460.16M	377.51M	287.46M	505.61M	552.39M	619.68M	758.34M
COGS % of Revenue	75.35%	73.48%	68.42%	63.09%	62.57%	69.15%	61.56%	62.24%	60.33%	72.97%
Gross Profit+	274.97M	349.68M	492.33M	269.25M	225.81M	128.26M	315.75M	335.06M	407.47M	280.88M
Gross Margin %	24.65%	26.52%	31.58%	36.91%	37.43%	30.85%	38.44%	37.76%	39.67%	27.03%
Gross Profit Growth %	15.58%	27.17%	40.79%	-45.31%	-16.13%	-43.2%	146.18%	6.12%	21.61%	-31.07%
Operating Expenses+	326.7M	402.89M	469.28M	327.44M	318.07M	206.56M	229.67M	249.88M	261.43M	266.08M
OpEx % of Revenue	29.29%	30.56%	30.1%	44.89%	52.72%	49.69%	27.96%	28.16%	25.45%	25.6%
Selling, General & Admin	326.7M	402.89M	469.28M	327.44M	318.07M	206.56M	229.67M	249.88M	261.43M	266.08M
SG&A % of Revenue	29.29%	30.56%	30.1%	44.89%	52.72%	49.69%	27.96%	28.16%	25.45%	25.6%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-51.73M	-53.2M	23.06M	-58.2M	-92.26M	-78.31M	86.08M	85.17M	146.04M	14.81M
Operating Margin %	-4.64%	-4.04%	1.48%	-7.98%	-15.29%	-18.84%	10.48%	9.6%	14.22%	1.42%
Operating Income Growth %	-12641.63%	-2.85%	143.34%	-352.4%	-58.54%	15.13%	209.93%	-1.05%	71.46%	-89.86%
EBITDA+	50.75M	54.19M	145.54M	-38.12M	-74.72M	-72.73M	91.12M	88.75M	149.2M	18.03M
EBITDA Margin %	4.55%	4.11%	9.34%	-5.23%	-12.39%	-17.5%	11.09%	10%	14.53%	1.73%
EBITDA Growth %	-53.16%	6.77%	168.6%	-126.19%	-96.03%	2.66%	225.28%	-2.6%	68.11%	-87.92%
D&A (Non-Cash Add-back)	102.48M	107.39M	122.49M	20.08M	17.54M	5.57M	5.04M	3.58M	3.16M	3.22M
EBIT	-76.99M	-77M	32.99M	-55.67M	-93.59M	-78.76M	85.67M	112.81M	133.26M	4.38M
Net Interest Income+	4.75M	7.65M	-2.59M	-3.78M	-3.76M	-10.53M	-11.42M	-20.49M	-24.8M	-17.62M
Interest Income	6.78M	11.84M	901K	1.19M	700K	32K	313K	2.39M	2.79M	4.03M
Interest Expense	2.03M	4.19M	3.49M	4.97M	4.46M	10.56M	11.73M	22.88M	27.59M	21.65M
Other Income/Expense	-25.26M	-27.99M	-5.48M	-2.45M	-5.79M	-11.01M	-12.15M	4.75M	-40.37M	-32.08M
Pretax Income+	-76.99M	-81.19M	17.58M	-60.64M	-98.05M	-89.32M	73.93M	89.92M	105.67M	-17.27M
Pretax Margin %	-6.9%	-6.16%	1.13%	-8.31%	-16.25%	-21.49%	9%	10.13%	10.29%	-1.66%
Income Tax+	297K	-4.4M	-116.87M	-12.62M	20.59M	-73.42M	25.05M	44.29M	46.9M	5.17M
Effective Tax Rate %	100.39%	89.57%	805.61%	-18.84%	186.02%	15.62%	69.16%	53.15%	55.62%	129.91%
Net Income+	-77.29M	-72.72M	141.59M	11.43M	-182.39M	-13.95M	51.13M	47.79M	58.77M	-22.44M
Net Margin %	-6.93%	-5.52%	9.08%	1.57%	-30.23%	-3.36%	6.23%	5.39%	5.72%	-2.16%
Net Income Growth %	-89.98%	5.91%	294.7%	-91.93%	-1696.11%	92.35%	466.43%	-6.53%	22.97%	-138.18%
Net Income (Continuing)	-77.29M	-76.79M	134.45M	-48.02M	-118.64M	-15.9M	48.88M	45.63M	58.77M	-22.44M
Discontinued Operations	0	0	0	44.91M	-90.22M	0	0	0	0	0
Minority Interest	0	92.33M	94.24M	85.89M	3.55M	2.44M	1.71M	0	0	0
EPS (Diluted)+	-3.12	-3.05	5.94	-0.13	-4.96	-0.58	2.10	1.89	2.44	-0.93
EPS Growth %	-91.41%	2.24%	294.75%	-102.19%	-3715.38%	88.31%	462.07%	-10%	29.1%	-138.11%
EPS (Basic)	-3.12	-3.05	5.99	-0.13	-4.96	-0.58	2.11	1.90	2.45	-0.93
Diluted Shares Outstanding	24.75M	23.85M	23.85M	23.9M	23.94M	24.13M	24.41M	24.19M	24.1M	24.09M
Basic Shares Outstanding	24.75M	23.84M	23.64M	23.77M	23.94M	24.13M	24.25M	24.09M	24.01M	24.09M
Dividend Payout Ratio	-	-	-	-	-	-	-	357.63%	1.19%	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	1.6B	1.45B	1.41B	1.41B	127.6M	183.49M	204.12M	148.09M	215.8M	249.95M
Cash & Short-Term Investments	1.47B	1.27B	1.26B	25.84M	90.67M	72.04M	91.02M	40.46M	94.91M	153.19M
Cash Only	1.47B	1.27B	1.26B	25.84M	90.67M	72.04M	91.02M	40.46M	94.91M	153.19M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	80.08M	104.8M	105.66M	15.98M	11.65M	90.22M	89.41M	75.57M	80.09M	43.53M
Days Sales Outstanding	26.21	29.01	24.74	8	7.05	79.21	39.73	31.08	28.46	15.29
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	25.34M	48.65M	23.85M	1.35B	4.65M	4.51M	4.88M	7.29M	9.84M	9.81M
Total Non-Current Assets+	2.01B	2.3B	2.41B	2.42B	1.16B	1.24B	1.2B	1.26B	1.23B	1.33B
Property, Plant & Equipment	1.16B	1.16B	1.25B	31.27M	757.65M	739.24M	719.67M	745.78M	723.11M	789.42M
Fixed Asset Turnover	0.96x	1.14x	1.24x	23.33x	0.80x	0.56x	1.14x	1.19x	1.42x	1.32x
Goodwill	277.17M	380.09M	392.51M	226.96M	226.96M	226.96M	226.96M	226.52M	226.52M	226.52M
Intangible Assets	182.58M	423.82M	419.79M	118.46M	114.9M	113.84M	112.78M	103.64M	103.64M	103.64M
Long-Term Investments	265.26M	242.29M	209.95M	0	0	0	2.74M	52.97M	62.54M	54.72M
Other Non-Current Assets	54.49M	58.36M	45.36M	1.97B	6.69M	30.48M	35.7M	38.01M	14.68M	13.9M
Total Assets+	3.61B	3.75B	3.83B	3.83B	1.29B	1.42B	1.4B	1.4B	1.44B	1.58B
Asset Turnover	0.31x	0.35x	0.41x	0.19x	0.47x	0.29x	0.59x	0.63x	0.71x	0.66x
Asset Growth %	68.13%	3.8%	2.12%	0.13%	-66.38%	10.19%	-1.43%	0.25%	2.7%	9.63%
Total Current Liabilities+	614.82M	762.04M	765.5M	760.02M	290.25M	368.28M	438.3M	520.53M	521.98M	563.52M
Accounts Payable	29.21M	41.66M	42.61M	1.24M	20.25M	19.32M	30.89M	14.94M	16.62M	14.14M
Days Payables Outstanding	12.69	15.7	14.58	0.99	19.58	24.52	22.3	9.87	9.79	6.81
Short-Term Debt	0	0	4.37M	0	39.13M	71.95M	73.7M	79.75M	80.27M	76.62M
Deferred Revenue (Current)	332.42M	390.18M	324.75M	110.26M	126.35M	131.03M	132.37M	157.05M	148.68M	164.18M
Other Current Liabilities	133.83M	191.34M	269.79M	571M	33.07M	55.72M	38.37M	74.74M	92.22M	157.04M
Current Ratio	2.61x	1.90x	1.85x	1.86x	0.44x	0.50x	0.47x	0.28x	0.41x	0.44x
Quick Ratio	2.61x	1.90x	1.85x	1.86x	0.44x	0.50x	0.47x	0.28x	0.41x	0.44x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	411.83M	487.97M	433.61M	368.55M	1.2B	1.25B	1.11B	1.22B	1.19B	1.3B
Long-Term Debt	0	105.43M	101.33M	0	350M	355M	220M	295M	275M	267M
Capital Lease Obligations	0	0	0	0	679.05M	691.15M	699.59M	746.44M	749.95M	841.05M
Deferred Tax Liabilities	263.7M	234.19M	172.63M	107.62M	113.3M	110.89M	107.4M	112.92M	112.48M	107.79M
Other Non-Current Liabilities	148.13M	148.35M	159.65M	260.93M	60.2M	65.77M	49.42M	53.6M	47.6M	82.18M
Total Liabilities	1.03B	1.25B	1.2B	1.13B	1.49B	1.62B	1.55B	1.74B	1.71B	1.86B
Total Debt+	0	105.43M	105.7M	0	1.07B	1.12B	993.29M	1.12B	1.11B	1.18B
Net Debt	-1.47B	-1.17B	-1.15B	-25.84M	977.51M	1.05B	902.27M	1.08B	1.01B	1.03B
Debt / Equity	-	0.04x	0.04x	-	-	-	-	-	-	-
Debt / EBITDA	-	1.95x	0.73x	-	-	-	10.90x	12.63x	7.41x	65.72x
Net Debt / EBITDA	-28.99x	-21.53x	-7.91x	-	-	-	9.90x	12.18x	6.77x	57.22x
Interest Coverage	-25.51x	-12.70x	6.60x	-11.71x	-20.68x	-7.41x	7.34x	3.72x	5.29x	0.68x
Total Equity+	2.59B	2.5B	2.63B	2.71B	-203.44M	-201.87M	-145.38M	-337.23M	-266.31M	-281.44M
Equity Growth %	111.43%	-3.32%	5.21%	2.88%	-107.52%	0.77%	27.98%	-131.97%	21.03%	-5.68%
Book Value per Share	104.48	104.83	110.32	113.24	-8.50	-8.37	-5.96	-13.94	-11.05	-11.68
Total Shareholders' Equity	2.59B	2.41B	2.54B	2.62B	-206.99M	-204.31M	-147.09M	-337.23M	-266.31M	-281.44M
Common Stock	249K	249K	249K	249K	249K	249K	249K	249K	249K	249K
Retained Earnings	-75.69M	-148.41M	-11.06M	29M	-43.6M	-78.9M	-35.7M	-173.91M	-115.14M	-137.6M
Treasury Stock	-101.88M	-242.08M	-223.66M	-207.79M	-167.43M	-146.73M	-128.03M	-179.41M	-169.55M	-158.54M
Accumulated OCI	-42.61M	-34.12M	-46.92M	-46.92M	-2.14M	-2.03M	-1.19M	-1.01M	-952K	-897K
Minority Interest	0	92.33M	94.24M	85.89M	3.55M	2.44M	1.71M	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	125.78M	223.53M	217.63M	161.25M	3.57M	-35.33M	178.06M	152.47M	92.13M	91.61M
Operating CF Margin %	11.28%	16.95%	13.96%	22.11%	0.59%	-8.5%	21.68%	17.18%	8.97%	8.82%
Operating CF Growth %	81.37%	77.71%	-2.64%	-25.9%	-97.79%	-1090.08%	604.04%	-14.37%	-39.58%	-0.57%
Net Income	-77.29M	-72.72M	141.59M	11.43M	-78.33M	-13.95M	51.13M	47.79M	58.77M	-22.44M
Depreciation & Amortization	102.48M	107.39M	122.49M	20.08M	17.54M	5.57M	5.04M	3.58M	3.16M	3.22M
Stock-Based Compensation	24.48M	41.13M	47.56M	59.47M	57M	30.44M	24.25M	25.2M	21.29M	17.93M
Deferred Taxes	299K	-4.4M	-117.31M	150K	-8.03M	-73.66M	24.48M	15.02M	-7.13M	-51.77M
Other Non-Cash Items	65.03M	77.42M	5.21M	90.08M	67.23M	-1.03M	-418K	-25.4M	17.86M	17.07M
Working Capital Changes	10.79M	74.72M	18.08M	-19.95M	-51.83M	17.32M	73.58M	86.27M	-1.81M	127.59M
Change in Receivables	-30.15M	-17.54M	4.58M	1.82M	-38.37M	-72.9M	5.87M	17.51M	-9.93M	36.6M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	22.78M	4.35M	1.17M	1.61M	16.93M	-938K	11.45M	-16.01M	1.85M	-2.49M
Cash from Investing+	-115.69M	-264.3M	-182.36M	-232.9M	-514.86M	-466K	-2.93M	-17.76M	-8.9M	-6.92M
Capital Expenditures	-73.72M	-53.46M	-197.91M	-188.83M	-363.48M	-466K	-932K	-1.18M	-1.45M	-3.62M
CapEx % of Revenue	6.61%	4.05%	12.69%	25.89%	60.25%	0.11%	0.11%	0.13%	0.14%	0.35%
Acquisitions	0	-200.33M	-4.29M	73.04M	17.93M	0	0	-3.02M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5.56M	3.48M	19.84M	-77.45M	42.04M	0	-2M	0	0	100K
Cash from Financing+	1.42B	-158.53M	-51.1M	-71.75M	-520.59M	17.16M	-156.14M	-185.27M	-28.79M	-26.41M
Debt Issued (Net)	0	0	-688K	-55.8M	330M	30.44M	-135M	75M	-20M	-14M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	808K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	-827.08M	0	0	-170.92M	-701K	-633K
Share Repurchases	-105.74M	-147.97M	-11.83M	-19.52M	-26.78M	0	-18.31M	-75.06M	-8.08M	-11.77M
Other Financing	1.53B	-10.56M	-38.58M	3.58M	3.27M	-14.09M	-2.84M	-14.29M	0	0
Net Change in Cash	1.43B	-206.2M	-12.48M	-138.72M	-1.03B	-18.64M	18.98M	-50.56M	54.45M	58.28M
Free Cash Flow+	54.07M	172.4M	28.73M	-27.58M	-358.91M	-35.79M	177.12M	151.29M	90.68M	87.99M
FCF Margin %	4.85%	13.08%	1.84%	-3.78%	-59.49%	-8.61%	21.56%	17.05%	8.83%	8.47%
FCF Growth %	926.17%	218.85%	-83.33%	-195.99%	-1201.28%	90.03%	594.87%	-14.58%	-40.06%	-2.97%
FCF per Share	2.18	7.23	1.20	-1.15	-14.99	-1.48	7.26	6.25	3.76	3.65
FCF Conversion (FCF/Net Income)	-1.63x	-3.07x	1.54x	14.11x	-0.02x	2.53x	3.48x	3.19x	1.57x	-4.08x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-4.06%	-2.86%	5.52%	0.43%	-14.57%	-	-	-	-	-
Return on Invested Capital (ROIC)	-3.36%	-3.26%	1.23%	-2.1%	-4.01%	-7.26%	8.06%	8.52%	14.73%	1.49%
Gross Margin	24.65%	26.52%	31.58%	36.91%	37.43%	30.85%	38.44%	37.76%	39.67%	27.03%
Net Margin	-6.93%	-5.52%	9.08%	1.57%	-30.23%	-3.36%	6.23%	5.39%	5.72%	-2.16%
Debt / Equity	-	0.04x	0.04x	-	-	-	-	-	-	-
Interest Coverage	-25.51x	-12.70x	6.60x	-11.71x	-20.68x	-7.41x	7.34x	3.72x	5.29x	0.68x
FCF Conversion	-1.63x	-3.07x	1.54x	14.11x	-0.02x	2.53x	3.48x	3.19x	1.57x	-4.08x
Revenue Growth	4.08%	18.21%	18.25%	-53.22%	-17.29%	-31.09%	97.57%	8.05%	15.74%	1.18%

US Stock Screener

...

Madison Square Garden Sports Corp. (MSGS) 10-Year Financial Performance & Capital Metrics

MSGS •

Communication ServicesEntertainmentLive Events and Sports Operators

Revenue $1.04B +1.2%
EBITDA $18M -87.9%
Net Income -$22M -138.2%
EPS (Diluted) -0.93 -138.1%
Gross Margin 27.03% -31.9%
EBITDA Margin 1.73% -88.1%
Operating Margin 1.42% -90.0%
Net Margin -2.16% -137.7%
ROE -
ROIC 1.49% -89.9%
Debt/Equity -
Interest Coverage 0.68 -87.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 89 (top 11%)
✓Strong 5Y sales CAGR of 11.5%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.31%

5Y11.49%

3Y8.16%

TTM0.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-129.09%

EPS CAGR

10Y-

5Y-

3Y-

TTM-129.33%

ROCE

10Y Avg1.82%

5Y Avg5.57%

3Y Avg8.99%

Latest1.53%

Peer Comparison

Live Events and Sports Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TKOTKO Group Holdings, Inc.	26B	223.87	99.06	68.85%	4.13%	2.11%	4.94%	0.44
MSGEMadison Square Garden Entertainment Corp.	2.55B	63.14	82	-1.72%	5.12%	144.17%	3.65%
TDICDreamland Limited Class A Ordinary Shares	6.12M	0.17	6.33	124.08%	14.03%	112.46%		1.62
HOFVHall of Fame Resort & Entertainment Company	2.35M	0.35	-0.04	-12.12%	-366.24%	-207.29%		3.45
CPOPPop Culture Group Co., Ltd	188.22K	0.33	-0.08	155.52%	-30.56%	-102.2%		0.41
SPHRSphere Entertainment Co.	817.24M	119.01	-20.95		-9.54%	-4.7%		0.63
MANUManchester United plc	1.01B	18.01	-70.46	0.72%	-1.39%	-4.76%	3.73%	3.33
BATRKAtlanta Braves Holdings, Inc.	2.24B	43.71	-118.14	10.52%	-3.19%	-4.34%		1.56

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	1.12B	1.32B	1.56B	729.4M	603.32M	415.72M	821.35M	887.45M	1.03B	1.04B
Revenue Growth %	4.08%	18.21%	18.25%	-53.22%	-17.29%	-31.09%	97.57%	8.05%	15.74%	1.18%
Cost of Goods Sold+	840.34M	968.77M	1.07B	460.16M	377.51M	287.46M	505.61M	552.39M	619.68M	758.34M
COGS % of Revenue	75.35%	73.48%	68.42%	63.09%	62.57%	69.15%	61.56%	62.24%	60.33%	72.97%
Gross Profit+	274.97M	349.68M	492.33M	269.25M	225.81M	128.26M	315.75M	335.06M	407.47M	280.88M
Gross Margin %	24.65%	26.52%	31.58%	36.91%	37.43%	30.85%	38.44%	37.76%	39.67%	27.03%
Gross Profit Growth %	15.58%	27.17%	40.79%	-45.31%	-16.13%	-43.2%	146.18%	6.12%	21.61%	-31.07%
Operating Expenses+	326.7M	402.89M	469.28M	327.44M	318.07M	206.56M	229.67M	249.88M	261.43M	266.08M
OpEx % of Revenue	29.29%	30.56%	30.1%	44.89%	52.72%	49.69%	27.96%	28.16%	25.45%	25.6%
Selling, General & Admin	326.7M	402.89M	469.28M	327.44M	318.07M	206.56M	229.67M	249.88M	261.43M	266.08M
SG&A % of Revenue	29.29%	30.56%	30.1%	44.89%	52.72%	49.69%	27.96%	28.16%	25.45%	25.6%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-51.73M	-53.2M	23.06M	-58.2M	-92.26M	-78.31M	86.08M	85.17M	146.04M	14.81M
Operating Margin %	-4.64%	-4.04%	1.48%	-7.98%	-15.29%	-18.84%	10.48%	9.6%	14.22%	1.42%
Operating Income Growth %	-12641.63%	-2.85%	143.34%	-352.4%	-58.54%	15.13%	209.93%	-1.05%	71.46%	-89.86%
EBITDA+	50.75M	54.19M	145.54M	-38.12M	-74.72M	-72.73M	91.12M	88.75M	149.2M	18.03M
EBITDA Margin %	4.55%	4.11%	9.34%	-5.23%	-12.39%	-17.5%	11.09%	10%	14.53%	1.73%
EBITDA Growth %	-53.16%	6.77%	168.6%	-126.19%	-96.03%	2.66%	225.28%	-2.6%	68.11%	-87.92%
D&A (Non-Cash Add-back)	102.48M	107.39M	122.49M	20.08M	17.54M	5.57M	5.04M	3.58M	3.16M	3.22M
EBIT	-76.99M	-77M	32.99M	-55.67M	-93.59M	-78.76M	85.67M	112.81M	133.26M	4.38M
Net Interest Income+	4.75M	7.65M	-2.59M	-3.78M	-3.76M	-10.53M	-11.42M	-20.49M	-24.8M	-17.62M
Interest Income	6.78M	11.84M	901K	1.19M	700K	32K	313K	2.39M	2.79M	4.03M
Interest Expense	2.03M	4.19M	3.49M	4.97M	4.46M	10.56M	11.73M	22.88M	27.59M	21.65M
Other Income/Expense	-25.26M	-27.99M	-5.48M	-2.45M	-5.79M	-11.01M	-12.15M	4.75M	-40.37M	-32.08M
Pretax Income+	-76.99M	-81.19M	17.58M	-60.64M	-98.05M	-89.32M	73.93M	89.92M	105.67M	-17.27M
Pretax Margin %	-6.9%	-6.16%	1.13%	-8.31%	-16.25%	-21.49%	9%	10.13%	10.29%	-1.66%
Income Tax+	297K	-4.4M	-116.87M	-12.62M	20.59M	-73.42M	25.05M	44.29M	46.9M	5.17M
Effective Tax Rate %	100.39%	89.57%	805.61%	-18.84%	186.02%	15.62%	69.16%	53.15%	55.62%	129.91%
Net Income+	-77.29M	-72.72M	141.59M	11.43M	-182.39M	-13.95M	51.13M	47.79M	58.77M	-22.44M
Net Margin %	-6.93%	-5.52%	9.08%	1.57%	-30.23%	-3.36%	6.23%	5.39%	5.72%	-2.16%
Net Income Growth %	-89.98%	5.91%	294.7%	-91.93%	-1696.11%	92.35%	466.43%	-6.53%	22.97%	-138.18%
Net Income (Continuing)	-77.29M	-76.79M	134.45M	-48.02M	-118.64M	-15.9M	48.88M	45.63M	58.77M	-22.44M
Discontinued Operations	0	0	0	44.91M	-90.22M	0	0	0	0	0
Minority Interest	0	92.33M	94.24M	85.89M	3.55M	2.44M	1.71M	0	0	0
EPS (Diluted)+	-3.12	-3.05	5.94	-0.13	-4.96	-0.58	2.10	1.89	2.44	-0.93
EPS Growth %	-91.41%	2.24%	294.75%	-102.19%	-3715.38%	88.31%	462.07%	-10%	29.1%	-138.11%
EPS (Basic)	-3.12	-3.05	5.99	-0.13	-4.96	-0.58	2.11	1.90	2.45	-0.93
Diluted Shares Outstanding	24.75M	23.85M	23.85M	23.9M	23.94M	24.13M	24.41M	24.19M	24.1M	24.09M
Basic Shares Outstanding	24.75M	23.84M	23.64M	23.77M	23.94M	24.13M	24.25M	24.09M	24.01M	24.09M
Dividend Payout Ratio	-	-	-	-	-	-	-	357.63%	1.19%	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	1.6B	1.45B	1.41B	1.41B	127.6M	183.49M	204.12M	148.09M	215.8M	249.95M
Cash & Short-Term Investments	1.47B	1.27B	1.26B	25.84M	90.67M	72.04M	91.02M	40.46M	94.91M	153.19M
Cash Only	1.47B	1.27B	1.26B	25.84M	90.67M	72.04M	91.02M	40.46M	94.91M	153.19M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	80.08M	104.8M	105.66M	15.98M	11.65M	90.22M	89.41M	75.57M	80.09M	43.53M
Days Sales Outstanding	26.21	29.01	24.74	8	7.05	79.21	39.73	31.08	28.46	15.29
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	25.34M	48.65M	23.85M	1.35B	4.65M	4.51M	4.88M	7.29M	9.84M	9.81M
Total Non-Current Assets+	2.01B	2.3B	2.41B	2.42B	1.16B	1.24B	1.2B	1.26B	1.23B	1.33B
Property, Plant & Equipment	1.16B	1.16B	1.25B	31.27M	757.65M	739.24M	719.67M	745.78M	723.11M	789.42M
Fixed Asset Turnover	0.96x	1.14x	1.24x	23.33x	0.80x	0.56x	1.14x	1.19x	1.42x	1.32x
Goodwill	277.17M	380.09M	392.51M	226.96M	226.96M	226.96M	226.96M	226.52M	226.52M	226.52M
Intangible Assets	182.58M	423.82M	419.79M	118.46M	114.9M	113.84M	112.78M	103.64M	103.64M	103.64M
Long-Term Investments	265.26M	242.29M	209.95M	0	0	0	2.74M	52.97M	62.54M	54.72M
Other Non-Current Assets	54.49M	58.36M	45.36M	1.97B	6.69M	30.48M	35.7M	38.01M	14.68M	13.9M
Total Assets+	3.61B	3.75B	3.83B	3.83B	1.29B	1.42B	1.4B	1.4B	1.44B	1.58B
Asset Turnover	0.31x	0.35x	0.41x	0.19x	0.47x	0.29x	0.59x	0.63x	0.71x	0.66x
Asset Growth %	68.13%	3.8%	2.12%	0.13%	-66.38%	10.19%	-1.43%	0.25%	2.7%	9.63%
Total Current Liabilities+	614.82M	762.04M	765.5M	760.02M	290.25M	368.28M	438.3M	520.53M	521.98M	563.52M
Accounts Payable	29.21M	41.66M	42.61M	1.24M	20.25M	19.32M	30.89M	14.94M	16.62M	14.14M
Days Payables Outstanding	12.69	15.7	14.58	0.99	19.58	24.52	22.3	9.87	9.79	6.81
Short-Term Debt	0	0	4.37M	0	39.13M	71.95M	73.7M	79.75M	80.27M	76.62M
Deferred Revenue (Current)	332.42M	390.18M	324.75M	110.26M	126.35M	131.03M	132.37M	157.05M	148.68M	164.18M
Other Current Liabilities	133.83M	191.34M	269.79M	571M	33.07M	55.72M	38.37M	74.74M	92.22M	157.04M
Current Ratio	2.61x	1.90x	1.85x	1.86x	0.44x	0.50x	0.47x	0.28x	0.41x	0.44x
Quick Ratio	2.61x	1.90x	1.85x	1.86x	0.44x	0.50x	0.47x	0.28x	0.41x	0.44x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	411.83M	487.97M	433.61M	368.55M	1.2B	1.25B	1.11B	1.22B	1.19B	1.3B
Long-Term Debt	0	105.43M	101.33M	0	350M	355M	220M	295M	275M	267M
Capital Lease Obligations	0	0	0	0	679.05M	691.15M	699.59M	746.44M	749.95M	841.05M
Deferred Tax Liabilities	263.7M	234.19M	172.63M	107.62M	113.3M	110.89M	107.4M	112.92M	112.48M	107.79M
Other Non-Current Liabilities	148.13M	148.35M	159.65M	260.93M	60.2M	65.77M	49.42M	53.6M	47.6M	82.18M
Total Liabilities	1.03B	1.25B	1.2B	1.13B	1.49B	1.62B	1.55B	1.74B	1.71B	1.86B
Total Debt+	0	105.43M	105.7M	0	1.07B	1.12B	993.29M	1.12B	1.11B	1.18B
Net Debt	-1.47B	-1.17B	-1.15B	-25.84M	977.51M	1.05B	902.27M	1.08B	1.01B	1.03B
Debt / Equity	-	0.04x	0.04x	-	-	-	-	-	-	-
Debt / EBITDA	-	1.95x	0.73x	-	-	-	10.90x	12.63x	7.41x	65.72x
Net Debt / EBITDA	-28.99x	-21.53x	-7.91x	-	-	-	9.90x	12.18x	6.77x	57.22x
Interest Coverage	-25.51x	-12.70x	6.60x	-11.71x	-20.68x	-7.41x	7.34x	3.72x	5.29x	0.68x
Total Equity+	2.59B	2.5B	2.63B	2.71B	-203.44M	-201.87M	-145.38M	-337.23M	-266.31M	-281.44M
Equity Growth %	111.43%	-3.32%	5.21%	2.88%	-107.52%	0.77%	27.98%	-131.97%	21.03%	-5.68%
Book Value per Share	104.48	104.83	110.32	113.24	-8.50	-8.37	-5.96	-13.94	-11.05	-11.68
Total Shareholders' Equity	2.59B	2.41B	2.54B	2.62B	-206.99M	-204.31M	-147.09M	-337.23M	-266.31M	-281.44M
Common Stock	249K	249K	249K	249K	249K	249K	249K	249K	249K	249K
Retained Earnings	-75.69M	-148.41M	-11.06M	29M	-43.6M	-78.9M	-35.7M	-173.91M	-115.14M	-137.6M
Treasury Stock	-101.88M	-242.08M	-223.66M	-207.79M	-167.43M	-146.73M	-128.03M	-179.41M	-169.55M	-158.54M
Accumulated OCI	-42.61M	-34.12M	-46.92M	-46.92M	-2.14M	-2.03M	-1.19M	-1.01M	-952K	-897K
Minority Interest	0	92.33M	94.24M	85.89M	3.55M	2.44M	1.71M	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	125.78M	223.53M	217.63M	161.25M	3.57M	-35.33M	178.06M	152.47M	92.13M	91.61M
Operating CF Margin %	11.28%	16.95%	13.96%	22.11%	0.59%	-8.5%	21.68%	17.18%	8.97%	8.82%
Operating CF Growth %	81.37%	77.71%	-2.64%	-25.9%	-97.79%	-1090.08%	604.04%	-14.37%	-39.58%	-0.57%
Net Income	-77.29M	-72.72M	141.59M	11.43M	-78.33M	-13.95M	51.13M	47.79M	58.77M	-22.44M
Depreciation & Amortization	102.48M	107.39M	122.49M	20.08M	17.54M	5.57M	5.04M	3.58M	3.16M	3.22M
Stock-Based Compensation	24.48M	41.13M	47.56M	59.47M	57M	30.44M	24.25M	25.2M	21.29M	17.93M
Deferred Taxes	299K	-4.4M	-117.31M	150K	-8.03M	-73.66M	24.48M	15.02M	-7.13M	-51.77M
Other Non-Cash Items	65.03M	77.42M	5.21M	90.08M	67.23M	-1.03M	-418K	-25.4M	17.86M	17.07M
Working Capital Changes	10.79M	74.72M	18.08M	-19.95M	-51.83M	17.32M	73.58M	86.27M	-1.81M	127.59M
Change in Receivables	-30.15M	-17.54M	4.58M	1.82M	-38.37M	-72.9M	5.87M	17.51M	-9.93M	36.6M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	22.78M	4.35M	1.17M	1.61M	16.93M	-938K	11.45M	-16.01M	1.85M	-2.49M
Cash from Investing+	-115.69M	-264.3M	-182.36M	-232.9M	-514.86M	-466K	-2.93M	-17.76M	-8.9M	-6.92M
Capital Expenditures	-73.72M	-53.46M	-197.91M	-188.83M	-363.48M	-466K	-932K	-1.18M	-1.45M	-3.62M
CapEx % of Revenue	6.61%	4.05%	12.69%	25.89%	60.25%	0.11%	0.11%	0.13%	0.14%	0.35%
Acquisitions	0	-200.33M	-4.29M	73.04M	17.93M	0	0	-3.02M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5.56M	3.48M	19.84M	-77.45M	42.04M	0	-2M	0	0	100K
Cash from Financing+	1.42B	-158.53M	-51.1M	-71.75M	-520.59M	17.16M	-156.14M	-185.27M	-28.79M	-26.41M
Debt Issued (Net)	0	0	-688K	-55.8M	330M	30.44M	-135M	75M	-20M	-14M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	808K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	-827.08M	0	0	-170.92M	-701K	-633K
Share Repurchases	-105.74M	-147.97M	-11.83M	-19.52M	-26.78M	0	-18.31M	-75.06M	-8.08M	-11.77M
Other Financing	1.53B	-10.56M	-38.58M	3.58M	3.27M	-14.09M	-2.84M	-14.29M	0	0
Net Change in Cash	1.43B	-206.2M	-12.48M	-138.72M	-1.03B	-18.64M	18.98M	-50.56M	54.45M	58.28M
Free Cash Flow+	54.07M	172.4M	28.73M	-27.58M	-358.91M	-35.79M	177.12M	151.29M	90.68M	87.99M
FCF Margin %	4.85%	13.08%	1.84%	-3.78%	-59.49%	-8.61%	21.56%	17.05%	8.83%	8.47%
FCF Growth %	926.17%	218.85%	-83.33%	-195.99%	-1201.28%	90.03%	594.87%	-14.58%	-40.06%	-2.97%
FCF per Share	2.18	7.23	1.20	-1.15	-14.99	-1.48	7.26	6.25	3.76	3.65
FCF Conversion (FCF/Net Income)	-1.63x	-3.07x	1.54x	14.11x	-0.02x	2.53x	3.48x	3.19x	1.57x	-4.08x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-4.06%	-2.86%	5.52%	0.43%	-14.57%	-	-	-	-	-
Return on Invested Capital (ROIC)	-3.36%	-3.26%	1.23%	-2.1%	-4.01%	-7.26%	8.06%	8.52%	14.73%	1.49%
Gross Margin	24.65%	26.52%	31.58%	36.91%	37.43%	30.85%	38.44%	37.76%	39.67%	27.03%
Net Margin	-6.93%	-5.52%	9.08%	1.57%	-30.23%	-3.36%	6.23%	5.39%	5.72%	-2.16%
Debt / Equity	-	0.04x	0.04x	-	-	-	-	-	-	-
Interest Coverage	-25.51x	-12.70x	6.60x	-11.71x	-20.68x	-7.41x	7.34x	3.72x	5.29x	0.68x
FCF Conversion	-1.63x	-3.07x	1.54x	14.11x	-0.02x	2.53x	3.48x	3.19x	1.57x	-4.08x
Revenue Growth	4.08%	18.21%	18.25%	-53.22%	-17.29%	-31.09%	97.57%	8.05%	15.74%	1.18%

Madison Square Garden Sports Corp. (MSGS) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MSGS vs Peers

vs LYV

vs TKO

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Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Madison Square Garden Sports Corp. (MSGS) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MSGS vs Peers

vs LYV

vs TKO

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios