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Madison Square Garden Entertainment Corp. (MSGE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Madison Square Garden Entertainment Corp. (MSGE) stock price & volume — 10-year historical chart
Madison Square Garden Entertainment Corp. (MSGE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Madison Square Garden Entertainment Corp. (MSGE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 3, 2026 | $1.94vs $2.35-17.4% | $460Mvs $452M+1.7% |
| Q4 2025 | Nov 6, 2025 | $0.46vs $0.59+22.0% | $158Mvs $442M-64.2% |
| Q3 2025 | Aug 13, 2025 | $0.50vs $0.47-6.4% | $154Mvs $143M+7.5% |
| Q2 2025 | May 6, 2025 | $0.33vs $0.25+32.0% | $242Mvs $149M+62.8% |
Madison Square Garden Entertainment Corp. (MSGE) competitors in Live Events and Sports Operators — business model, growth, and fundamentals comparison
Madison Square Garden Entertainment Corp. (MSGE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Madison Square Garden Entertainment Corp. (MSGE) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Jun'18 | Jun'19 | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 988.99M | 1.05B | 584.6M | 81.81M | 653.49M | 851.5M | 959.26M | 942.73M | 1.01B |
| Revenue Growth % | - | 6.06% | -44.27% | -86.01% | 698.77% | 30.3% | 12.66% | -1.72% | 5.65% |
| Cost of Goods Sold | 635.22M | 670.64M | 380.53M | 75.85M | 394.79M | 499.93M | 547.05M | 535.64M | 546.74M |
| COGS % of Revenue | 64.23% | 63.94% | 65.09% | 92.71% | 60.41% | 58.71% | 57.03% | 56.82% | - |
| Gross Profit | 353.77M▲ 0% | 378.27M▲ 6.9% | 204.07M▼ 46.1% | 5.96M▼ 97.1% | 258.7M▲ 4239.8% | 351.57M▲ 35.9% | 412.22M▲ 17.3% | 407.09M▼ 1.2% | 468.07M▲ 0% |
| Gross Margin % | 35.77% | 36.06% | 34.91% | 7.29% | 39.59% | 41.29% | 42.97% | 43.18% | 46.12% |
| Gross Profit Growth % | - | 6.92% | -46.05% | -97.08% | 4239.81% | 35.9% | 17.25% | -1.24% | - |
| Operating Expenses | 385.05M | 423.87M | -21.26M | 243.25M | 264.34M | 246.56M | 300.27M | 285M | 331.29M |
| OpEx % of Revenue | 38.93% | 40.41% | -3.64% | 297.33% | 40.45% | 28.96% | 31.3% | 30.23% | - |
| Selling, General & Admin | 273M | 314.52M | 137.94M | 157.24M | 188.79M | 180.22M | 232.19M | 214.97M | 191.74M |
| SG&A % of Revenue | 27.6% | 29.99% | 23.59% | 192.2% | 28.89% | 21.16% | 24.21% | 22.8% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -3.1M | -6.06M | -159.19M | 86.01M | 75.55M | 66.34M | 68.08M | 70.03M | 4M |
| Operating Income | -31.28M▲ 0% | -45.6M▼ 45.8% | 225.33M▲ 594.2% | -237.29M▼ 205.3% | -5.65M▲ 97.6% | 105.01M▲ 1959.2% | 111.94M▲ 6.6% | 122.09M▲ 9.1% | 136.78M▲ 0% |
| Operating Margin % | -3.16% | -4.35% | 38.54% | -290.04% | -0.86% | 12.33% | 11.67% | 12.95% | 13.48% |
| Operating Income Growth % | - | -45.76% | 594.18% | -205.31% | 97.62% | 1959.21% | 6.6% | 9.07% | - |
| EBITDA | 80.78M | 63.75M | 313.46M | -165.71M | 63.89M | 178.28M | 165.82M | 179.86M | 194.64M |
| EBITDA Margin % | 8.17% | 6.08% | 53.62% | -202.55% | 9.78% | 20.94% | 17.29% | 19.08% | 19.18% |
| EBITDA Growth % | - | -21.08% | 391.74% | -152.86% | 138.55% | 179.06% | -6.99% | 8.47% | 6.06% |
| D&A (Non-Cash Add-back) | 112.06M | 109.34M | 88.13M | 71.58M | 69.53M | 73.27M | 53.88M | 57.77M | 57.86M |
| EBIT | -25.99M | -9.83M | 271.27M | -222.86M | 369K | 129.64M | 126.15M | 116.07M | 138.46M |
| Net Interest Income | 9.2M | 14.9M | 8.38M | -27.29M | -45.96M | -44.63M | -54.98M | -48.18M | -42.03M |
| Interest Income | 21.35M | 30.16M | 8.8M | 6.44M | 7.15M | 7.24M | 2.98M | 2.33M | 2.92M |
| Interest Expense | 12.15M | 15.26M | 425K | 33.73M | 53.11M | 51.87M | 57.95M | 50.51M | 44.96M |
| Other Income/Expense | 2.34M | 22.71M | 45.51M | 23.33M | -130.62M | -27.24M | -59.65M | -56.53M | -50.55M |
| Pretax Income | -28.94M▲ 0% | -29.7M▼ 2.6% | 270.84M▲ 1012.1% | -213.96M▼ 179.0% | -136.27M▲ 36.3% | 77.77M▲ 157.1% | 52.29M▼ 32.8% | 65.56M▲ 25.4% | 86.23M▲ 0% |
| Pretax Margin % | -2.93% | -2.83% | 46.33% | -261.53% | -20.85% | 9.13% | 5.45% | 6.95% | 8.5% |
| Income Tax | -30.83M | 443K | 100.18M | 5.35M | -70K | 1.73M | -92.01M | 28.13M | 34.31M |
| Effective Tax Rate % | 106.52% | -1.49% | 36.99% | -2.5% | 0.05% | 2.22% | -175.96% | 42.91% | 39.79% |
| Net Income | 6.9M▲ 0% | -17.89M▼ 359.4% | 171.73M▲ 1059.7% | -218.61M▼ 227.3% | -133.34M▲ 39.0% | 76.6M▲ 157.4% | 144.3M▲ 88.4% | 37.43M▼ 74.1% | 51.92M▲ 0% |
| Net Margin % | 0.7% | -1.71% | 29.38% | -267.22% | -20.4% | 9% | 15.04% | 3.97% | 5.12% |
| Net Income Growth % | - | -359.41% | 1059.71% | -227.3% | 39.01% | 157.45% | 88.39% | -74.06% | -58.89% |
| Net Income (Continuing) | 6.9M | -17.89M | 170.66M | -219.31M | -136.2M | 76.04M | 144.3M | 37.43M | 51.92M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 88.19M | 81.42M | 32.8M | 2.75M | -114K | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.29▲ 0% | -0.75▼ 358.6% | 7.14▲ 1052.0% | -9.07▼ 227.0% | -2.61▲ 71.2% | 1.47▲ 156.3% | 2.97▲ 102.0% | 0.77▼ 74.1% | 1.09▲ 0% |
| EPS Growth % | - | -358.62% | 1052% | -227.03% | 71.22% | 156.32% | 102.04% | -74.07% | -58.9% |
| EPS (Basic) | 0.29 | -0.75 | 7.15 | -9.07 | -2.61 | 1.48 | 2.99 | 0.78 | - |
| Diluted Shares Outstanding | 23.99M | 23.99M | 24.04M | 24.17M | 44.9M | 51.05M | 48.59M | 48.33M | 47.84M |
| Basic Shares Outstanding | 23.99M | 23.99M | 24.01M | 24.17M | 44.9M | 51.05M | 48.27M | 48.03M | 47.41M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Madison Square Garden Entertainment Corp. (MSGE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jun'18 | Jun'19 | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.35B | 1.35B | 1.43B | 544.82M | 341.45M | 295.28M | 219.08M | 237.13M | 420.15M |
| Cash & Short-Term Investments | 1.23B | 1.19B | 1.24B | 317.82M | 58.1M | 76.09M | 33.26M | 43.02M | 157.58M |
| Cash Only | 1.23B | 1.08B | 906.55M | 317.82M | 58.1M | 76.09M | 33.26M | 43.02M | 157.58M |
| Short-Term Investments | 0 | 108.42M | 337.19M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 82.42M | 82.77M | 57.18M | 170.3M | 204.94M | 144.62M | 102.57M | 96.92M | 159.41M |
| Days Sales Outstanding | 30.42 | 28.8 | 35.7 | 759.78 | 114.47 | 61.99 | 39.03 | 37.52 | 44.32 |
| Inventory | 0 | 0 | 0 | 2.23M | 2.75M | 2.56M | 3.87M | 3.75M | 0 |
| Days Inventory Outstanding | - | - | - | 10.75 | 2.54 | 1.87 | 2.58 | 2.56 | 2.07 |
| Other Current Assets | 26.9M | 39.43M | 63.44M | 7.9M | 10.59M | 13.43M | 5.43M | 4.46M | 103.16M |
| Total Non-Current Assets | 1.93B | 1.97B | 2.29B | 1.15B | 1.19B | 1.11B | 1.33B | 1.43B | 1.4B |
| Property, Plant & Equipment | 1.23B | 1.35B | 1.87B | 838.69M | 967.23M | 864.68M | 1.02B | 1.11B | 1.07B |
| Fixed Asset Turnover | 0.81x | 0.78x | 0.31x | 0.10x | 0.68x | 0.98x | 0.94x | 0.85x | 0.93x |
| Goodwill | 165.56M | 165.56M | 74.31M | 69.04M | 69.04M | 69.04M | 69.04M | 69.04M | 69.04M |
| Intangible Assets | 297.95M | 279.81M | 214.23M | 71.28M | 65.44M | 63.8M | 63.8M | 63.8M | 63.8M |
| Long-Term Investments | 209.95M | 84.56M | 52.62M | 45.97M | 36.42M | 35.07M | 6.32M | 7.09M | 21.52M |
| Other Non-Current Assets | 35.96M | 89.96M | 85.1M | 127.49M | 47.11M | 73.29M | 103.96M | 133.09M | 555.24M |
| Total Assets | 3.29B▲ 0% | 3.32B▲ 0.9% | 3.72B▲ 12.2% | 1.7B▼ 54.4% | 1.53B▼ 10.1% | 1.4B▼ 8.2% | 1.55B▲ 10.8% | 1.67B▲ 7.5% | 1.82B▲ 0% |
| Asset Turnover | 0.30x | 0.32x | 0.16x | 0.05x | 0.43x | 0.61x | 0.62x | 0.56x | 0.59x |
| Asset Growth % | - | 0.85% | 12.17% | -54.36% | -10.05% | -8.22% | 10.82% | 7.54% | 45.91% |
| Total Current Liabilities | 483.86M | 474.05M | 509.97M | 429.25M | 545.09M | 540.64M | 505.82M | 502.4M | 618.49M |
| Accounts Payable | 28.29M | 23.97M | 17.26M | 2.46M | 11.24M | 15.63M | 26.59M | 12.1M | 227.94M |
| Days Payables Outstanding | 16.25 | 13.05 | 16.55 | 11.86 | 10.39 | 11.41 | 17.74 | 8.25 | 45.91 |
| Short-Term Debt | 4.37M | 6.04M | 5.43M | 6.5M | 8.76M | 16.25M | 16.25M | 30.47M | 71.68M |
| Deferred Revenue (Current) | 216.34M | 186.88M | 0 | 198.5M | 202.68M | 225.85M | 215.58M | 228.64M | 995.21M |
| Other Current Liabilities | 0 | 0 | 239.6M | 0 | 0 | 0 | 0 | 0 | 68.86M |
| Current Ratio | 2.80x | 2.84x | 2.80x | 1.27x | 0.63x | 0.55x | 0.43x | 0.47x | 0.47x |
| Quick Ratio | 2.80x | 2.84x | 2.80x | 1.26x | 0.62x | 0.54x | 0.43x | 0.46x | 0.46x |
| Cash Conversion Cycle | - | - | - | 758.67 | 106.62 | 52.45 | 23.87 | 31.83 | 0.48 |
| Total Non-Current Liabilities | 237.61M | 188.25M | 334.8M | 769.39M | 983.2M | 929.99M | 1.07B | 1.18B | 1.17B |
| Long-Term Debt | 101.33M | 48.56M | 28.13M | 611.28M | 654.91M | 630.18M | 599.25M | 568.78M | 569.24M |
| Capital Lease Obligations | 0 | 0 | 174.22M | 77.21M | 254.11M | 219.96M | 427.01M | 566.48M | 2.28B |
| Deferred Tax Liabilities | 23.34M | 22.97M | 0 | 23.27M | 23.25M | 23.52M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 49.54M | 59.52M | 132.45M | 57.62M | 50.92M | 56.33M | 43.79M | 45.48M | -388.04M |
| Total Liabilities | 721.47M | 662.29M | 844.77M | 1.2B | 1.53B | 1.47B | 1.58B | 1.68B | 1.79B |
| Total Debt | 105.7M | 54.6M | 261.16M | 735.92M | 956.79M | 902.92M | 1.07B | 1.2B | 640.92M |
| Net Debt | 0 | 0 | -645.39M | 418.1M | 898.69M | 826.83M | 1.04B | 1.16B | 483.35M |
| Debt / Equity | 0.04x | 0.02x | 0.09x | 1.48x | - | - | - | - | 17.80x |
| Debt / EBITDA | 1.31x | 0.86x | 0.83x | - | 14.98x | 5.06x | 6.45x | 6.68x | 3.29x |
| Net Debt / EBITDA | - | - | -2.06x | - | 14.07x | 4.64x | 6.25x | 6.44x | 6.44x |
| Interest Coverage | -2.57x | -2.99x | 530.19x | -7.03x | -0.11x | 2.02x | 1.93x | 2.42x | 3.08x |
| Total Equity | 2.57B▲ 0% | 2.65B▲ 3.4% | 2.87B▲ 8.3% | 498.65M▼ 82.7% | -1.59M▼ 100.3% | -69.47M▼ 4272.1% | -23.16M▲ 66.7% | -13.3M▲ 42.6% | 36.01M▲ 0% |
| Equity Growth % | - | 3.4% | 8.33% | -82.65% | -100.32% | -4272.06% | 66.66% | 42.59% | 366.24% |
| Book Value per Share | 106.96 | 110.60 | 119.55 | 20.63 | -0.04 | -1.36 | -0.48 | -0.28 | 0.75 |
| Total Shareholders' Equity | 2.48B | 2.57B | 2.84B | 495.9M | -1.48M | -69.47M | -23.16M | -13.3M | 36.01M |
| Common Stock | 2.53B | 2.62B | 240K | 529.5M | 33.27M | 519K | 525K | 530K | 534K |
| Retained Earnings | -46.92M | -46.92M | 141.94M | 0 | 0 | -28.7M | 115.6M | 153.03M | 224.09M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -25M | -140.51M | -180.2M | -205.2M |
| Accumulated OCI | -46.92M | -46.92M | -51.86M | -33.6M | -34.74M | -34.02M | -32.26M | -31.5M | -31.12M |
| Minority Interest | 88.19M | 81.42M | 32.8M | 2.75M | -114K | 0 | 0 | 0 | 0 |
Madison Square Garden Entertainment Corp. (MSGE) cash flow — operating, investing & free cash flow history
| Line item | Jun'18 | Jun'19 | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 144.38M | 91.72M | 31.53M | -148.12M | 95.35M | 135.69M | 111.27M | 115.3M | 115.3M |
| Operating CF Margin % | 14.6% | 8.74% | 5.39% | -181.05% | 14.59% | 15.94% | 11.6% | 12.23% | - |
| Operating CF Growth % | - | -36.47% | -65.63% | -569.8% | 164.38% | 42.31% | -18% | 3.62% | -11747.22% |
| Net Income | 1.89M | -30.14M | 170.66M | -219.31M | -136.2M | 76.04M | 144.3M | 37.43M | 51.92M |
| Depreciation & Amortization | 112.06M | 109.34M | 88.13M | 71.58M | 69.53M | 60.46M | 53.88M | 57.77M | 30.61M |
| Stock-Based Compensation | 27.29M | 35.4M | 26.11M | 40.66M | 39.36M | 31.81M | 31.17M | 27.69M | 12.11M |
| Deferred Taxes | -31.27M | -371K | 17.43M | 566K | 225K | 720K | -92.2M | 14.84M | 1.4M |
| Other Non-Cash Items | 6.38M | 4.82M | -129.81M | -46.85M | 88.84M | -7.49M | 5.64M | 21.44M | 191.72M |
| Working Capital Changes | 28.04M | -27.33M | -140.99M | 5.24M | 33.6M | -25.86M | -31.52M | -43.87M | -2.7M |
| Change in Receivables | -4.07M | -345K | 8.4M | -18.82M | -34.86M | 38.84M | -13.94M | 9.59M | 26.49M |
| Change in Inventory | 6.63M | -26.45M | 0 | 0 | 0 | -45.22M | 0 | 0 | 0 |
| Change in Payables | 5.31M | -4.31M | -9.3M | -9.52M | 87.56M | -696K | -55.73M | -14.49M | 50.57M |
| Cash from Investing | -169.62M | -228.06M | 276.39M | -10.34M | 45.44M | 30.3M | -62.37M | -23.69M | -22.7M |
| Capital Expenditures | -187.36M | -184M | -29.64M | -10.31M | -15.8M | -15.19M | -24.18M | -22.22M | -7.03M |
| CapEx % of Revenue | 18.94% | 17.54% | 5.07% | 12.61% | 2.42% | 1.78% | 2.52% | 2.36% | - |
| Acquisitions | -17.36M | 73.04M | 0 | 0 | 0 | 27.9M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 35.1M | -188.41M | 306.03M | -24K | 61.24M | -163.55M | -66.66M | -1.53M | -15.67M |
| Cash from Financing | 15.36M | -8.62M | -315.38M | 473.49M | -396.29M | -144.22M | -99.69M | -81.62M | -88.93M |
| Debt Issued (Net) | 0 | 0 | 0 | 627.25M | 32.35M | -19.82M | -33.65M | -16.25M | 4.26M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -3M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -25M | -50.87M | -39.69M | -15.89M |
| Other Financing | 15.36M | -8.62M | -315.38M | -153.76M | -428.64M | -99.39M | -15.17M | -25.68M | -52.3M |
| Net Change in Cash | -9.55M▲ 0% | -140.29M▼ 1368.7% | -7.46M▲ 94.7% | 315.03M▲ 4321.2% | -255.5M▼ 181.1% | 21.78M▲ 108.5% | -50.8M▼ 333.2% | 9.98M▲ 119.7% | 102.36M▲ 0% |
| Free Cash Flow | -42.98M▲ 0% | -92.28M▼ 114.7% | 1.88M▲ 102.0% | -158.43M▼ 8509.4% | 79.55M▲ 150.2% | 120.51M▲ 51.5% | 87.08M▼ 27.7% | 93.08M▲ 6.9% | 206.96M▲ 0% |
| FCF Margin % | -4.35% | -8.8% | 0.32% | -193.66% | 12.17% | 14.15% | 9.08% | 9.87% | 20.39% |
| FCF Growth % | - | -114.71% | 102.04% | -8509.39% | 150.21% | 51.48% | -27.73% | 6.88% | 226.57% |
| FCF per Share | -1.79 | -3.85 | 0.08 | -6.55 | 1.77 | 2.36 | 1.79 | 1.93 | 1.93 |
| FCF Conversion (FCF/Net Income) | 20.93x | -5.13x | 0.18x | 0.68x | -0.72x | 1.77x | 0.77x | 3.08x | 3.99x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.83M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Madison Square Garden Entertainment Corp. (MSGE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -0.69% | 6.21% | -12.96% | -53.65% | - | - | - | 144.17% |
| Return on Invested Capital (ROIC) | -2.23% | 8.77% | -11.31% | -0.47% | 9.52% | 9.48% | 8.49% | 8.49% |
| Gross Margin | 36.06% | 34.91% | 7.29% | 39.59% | 41.29% | 42.97% | 43.18% | 46.12% |
| Net Margin | -1.71% | 29.38% | -267.22% | -20.4% | 9% | 15.04% | 3.97% | 5.12% |
| Debt / Equity | 0.02x | 0.09x | 1.48x | - | - | - | - | 17.80x |
| Interest Coverage | -2.99x | 530.19x | -7.03x | -0.11x | 2.02x | 1.93x | 2.42x | 3.08x |
| FCF Conversion | -5.13x | 0.18x | 0.68x | -0.72x | 1.77x | 0.77x | 3.08x | 3.99x |
| Revenue Growth | 6.06% | -44.27% | -86.01% | 698.77% | 30.3% | 12.66% | -1.72% | 5.65% |
Madison Square Garden Entertainment Corp. (MSGE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 27, 2026·SEC
Feb 12, 2026·SEC
Feb 3, 2026·SEC
Madison Square Garden Entertainment Corp. (MSGE) stock FAQ — growth, dividends, profitability & financials explained
Madison Square Garden Entertainment Corp. (MSGE) reported $1.01B in revenue for fiscal year 2025. This represents a 3% increase from $989.0M in 2018.
Madison Square Garden Entertainment Corp. (MSGE) saw revenue decline by 1.7% over the past year.
Yes, Madison Square Garden Entertainment Corp. (MSGE) is profitable, generating $51.9M in net income for fiscal year 2025 (4.0% net margin).
Madison Square Garden Entertainment Corp. (MSGE) generated $207.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Madison Square Garden Entertainment Corp. (MSGE) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates