Last 27 quarters of trend data · Communication Services · Entertainment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has compressed 71.8% YoY to 4.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 86.64 | — | 6.94 | — | — | 48.15 | 5.71 | — | 6.07 | 169.89 | 3.07 | — | — |
| — | — | +21.7% | — | — | -71.7% | +85.9% | — | — | +383.2% | -48.1% | — | — | |
| P/S Ratio | 3.35 | 1.37 | 1.40 | 3.39 | 3.09 | 1.63 | 1.06 | 3.72 | 2.19 | 2.08 | 0.95 | 2.92 | 2.90 |
| — | -16.1% | +32.0% | -8.9% | +41.0% | -21.7% | +12.1% | +27.6% | -24.5% | -45.2% | -41.4% | +12.7% | +14.5% | |
| P/B Ratio | — | 0.94 | 71.59 | — | — | 165.90 | 167.56 | — | — | — | — | — | — |
| — | -99.4% | -57.3% | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 33.88 | 3.88 | 3.78 | 38.76 | — | 7.34 | 4.18 | — | — | — | 3.97 | — | 1218.99 |
| — | -47.1% | -9.4% | — | — | — | +5.1% | — | — | — | -15.4% | — | +7981.4% | |
| EV / EBITDA | 23.97 | 4.56 | 5.85 | — | — | 16.16 | 4.51 | — | 132.15 | 23.78 | 4.08 | — | — |
| — | -71.8% | +29.6% | — | — | -32.0% | +10.6% | — | — | -2.8% | -31.7% | — | — | |
| EV / EBIT | 35.31 | — | 6.38 | — | — | 24.88 | 5.00 | — | — | 38.95 | 4.48 | — | — |
| — | — | +27.7% | — | — | -36.1% | +11.6% | — | — | +42.0% | -34.3% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Madison Square Garden Entertainment Corp.'s operating margin was 1.9% in Q3 2026, down 34.0 pp QoQ and down 9.4 pp YoY. The trailing four-quarter average of 0.6% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.2% | — | 50.7% | 35.3% | 48.8% | 42.7% | 51.6% | 29.6% | 45.9% | 37.8% | 49.6% | 28.5% | 44.9% |
| — | — | -1.8% | +19.5% | +6.3% | +13.0% | +4.0% | +3.7% | +2.2% | -11.7% | +0.8% | -6.8% | +5.8% | |
| Operating Margin | 13.0% | 1.9% | 35.9% | -18.8% | -16.7% | 11.3% | 34.1% | -13.3% | -4.8% | 7.4% | 34.1% | -23.5% | -14.7% |
| — | -83.5% | +5.1% | -41.0% | -250.9% | +53.1% | -0.0% | +43.3% | +67.7% | -40.0% | +7.1% | -204.4% | -374.3% | |
| Net Margin | 4.0% | -0.4% | 20.2% | -13.7% | -17.6% | 3.3% | 18.6% | -13.9% | 36.0% | 1.2% | 31.1% | -35.6% | -16.5% |
| — | -112.4% | +8.2% | +1.8% | -149.0% | +170.7% | -40.1% | +60.9% | +317.3% | -88.7% | +13.8% | -191.5% | +58.7% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | -0.1% | 257.4% | — | — | 81.0% | 734.8% | — | — | — | — | — | — |
| — | -100.2% | -65.0% | — | — | — | — | — | — | — | — | — | — | |
| ROA | 2.3% | -0.1% | 5.3% | -1.3% | -1.6% | 0.5% | 4.7% | -1.2% | 4.4% | 0.2% | 9.0% | -3.7% | -1.7% |
| — | -110.9% | +11.5% | -5.8% | -135.9% | +148.7% | -47.6% | +66.9% | +367.5% | -86.2% | +224.4% | -615.7% | +17.3% | |
| ROIC | 8.5% | 0.3% | 9.0% | -2.0% | -1.7% | 1.9% | 9.9% | -1.3% | -0.7% | 1.5% | 13.5% | -3.4% | -2.0% |
| — | -83.4% | -9.6% | -47.3% | -139.8% | +26.7% | -26.5% | +61.2% | +65.1% | -30.1% | +278.0% | -871.7% | -957.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Madison Square Garden Entertainment Corp.'s Debt/EBITDA ratio is 2.0x, down from 9.9x last quarter — at a moderate level that warrants monitoring. The current ratio has improved 112.6% YoY to 1.22x, strengthening the short-term liquidity position.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | 0.08 | 49.00 | — | — | 126.45 | 105.44 | — | — | — | — | — | — |
| — | -99.9% | -53.5% | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 6.68 | 2.03 | 9.86 | — | — | 28.89 | 7.11 | — | 212.18 | 32.72 | 6.43 | — | — |
| — | -93.0% | +38.7% | — | — | -11.7% | +10.6% | — | — | +39.2% | -11.7% | — | — | |
| Current Ratio | 0.47 | 1.22 | 0.68 | 0.48 | 0.47 | 0.57 | 0.54 | 0.50 | 0.43 | 0.46 | 0.47 | 0.47 | 0.55 |
| — | +112.6% | +26.3% | -3.4% | +9.0% | +23.2% | +15.6% | +6.5% | -20.7% | -36.9% | -45.8% | -48.7% | -12.8% | |
| Quick Ratio | 0.46 | 1.22 | 0.68 | 0.47 | 0.46 | 0.56 | 0.53 | 0.49 | 0.43 | 0.46 | 0.46 | 0.46 | 0.54 |
| — | +115.5% | +27.7% | -3.6% | +9.2% | +23.7% | +16.6% | +6.1% | -21.4% | -37.4% | -46.6% | -49.3% | -12.9% | |
| Interest Coverage | 2.30 | 0.90 | 15.73 | -2.67 | -1.98 | 2.30 | 10.68 | -1.34 | -0.49 | 1.27 | 9.12 | -2.59 | -1.84 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 27 years · Updated daily
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Madison Square Garden Entertainment Corp.'s current P/E is 86.6x. The average P/E over the last 1 quarters is 6.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Madison Square Garden Entertainment Corp.'s current operating margin is 13.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Madison Square Garden Entertainment Corp.'s business trajectory between earnings reports.