13 years of historical data (2013–2025) · Communication Services · Entertainment
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Madison Square Garden Sports Corp. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 17.1x P/FCF, 57% below the 5-year average of 39.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $5.0B | $4.5B | $4.5B | $3.7B | $4.2B | $3.5B | $3.3B | $3.7B | $2.3B | $2.1B |
| Enterprise Value | $2.5B | $6.1B | $5.5B | $5.6B | $4.6B | $5.2B | $4.5B | $3.3B | $2.5B | $1.2B | $647M |
| P/E Ratio → | -356.62 | — | 77.10 | 99.50 | 71.90 | — | — | — | 25.90 | — | — |
| P/S Ratio | 1.45 | 4.84 | 4.41 | 5.13 | 4.49 | 10.02 | 5.83 | 4.55 | 2.35 | 1.77 | 1.90 |
| P/B Ratio | — | — | — | — | — | — | — | 1.23 | 1.39 | 0.93 | 0.82 |
| P/FCF | 17.08 | 57.21 | 49.99 | 30.07 | 20.81 | — | — | — | 127.69 | 13.51 | 39.18 |
| P/OCF | 16.40 | 54.95 | 49.20 | 29.84 | 20.70 | — | 985.66 | 20.58 | 16.63 | 10.75 | 16.84 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Madison Square Garden Sports Corp.'s enterprise value stands at 140.6x EBITDA, 15% above its 5-year average of 121.8x. The Communication Services sector median is 7.5x, placing the stock at a 1778% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.84 | 5.40 | 6.34 | 5.59 | 12.53 | 7.45 | 4.51 | 1.62 | 0.88 | 0.58 |
| EV / EBITDA | 140.57 | 336.45 | 37.15 | 63.44 | 50.34 | — | — | — | 17.30 | 21.46 | 12.74 |
| EV / EBIT | 171.12 | 1384.68 | 41.60 | 49.91 | 53.55 | — | — | — | 76.33 | — | — |
| EV / FCF | — | 68.93 | 61.13 | 37.22 | 25.90 | — | — | — | 87.64 | 6.75 | 11.96 |
Margins and return-on-capital ratios measuring operating efficiency
Madison Square Garden Sports Corp. earns an operating margin of 1.4%. Operating margins have compressed from 9.6% to 1.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROIC of 1.5% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.0% | 27.0% | 39.7% | 37.8% | 38.4% | 30.9% | 37.4% | 36.9% | 31.6% | 26.5% | 24.7% |
| Operating Margin | 1.4% | 1.4% | 14.2% | 9.6% | 10.5% | -18.8% | -15.3% | -8.0% | 1.5% | -4.0% | -4.6% |
| Net Profit Margin | -2.2% | -2.2% | 5.7% | 5.4% | 6.2% | -3.4% | -30.2% | 1.6% | 9.1% | -5.5% | -6.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | -14.6% | 0.4% | 5.5% | -2.9% | -4.1% |
| ROA | -1.5% | -1.5% | 4.1% | 3.4% | 3.6% | -1.0% | -7.1% | 0.3% | 3.7% | -2.0% | -2.7% |
| ROIC | 1.5% | 1.5% | 14.7% | 8.5% | 8.1% | -7.3% | -4.0% | -2.1% | 1.2% | -3.3% | -3.4% |
| ROCE | 1.5% | 1.5% | 16.2% | 9.2% | 8.5% | -7.6% | -4.5% | -1.9% | 0.8% | -1.8% | -2.2% |
Solvency and debt-coverage ratios — lower is generally safer
Madison Square Garden Sports Corp. carries a Debt/EBITDA ratio of 65.7x, which is highly leveraged (1797% above the sector average of 3.5x). Net debt stands at $1.0B ($1.2B total debt minus $153M cash). Interest coverage of just 0.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | 0.04 | 0.04 | — |
| Debt / EBITDA | 65.72 | 65.72 | 7.41 | 12.63 | 10.90 | — | — | — | 0.73 | 1.95 | — |
| Net Debt / Equity | — | — | — | — | — | — | — | -0.01 | -0.44 | -0.47 | -0.57 |
| Net Debt / EBITDA | 57.22 | 57.22 | 6.77 | 12.18 | 9.90 | — | — | — | -7.91 | -21.53 | -28.99 |
| Debt / FCF | — | 11.72 | 11.14 | 7.14 | 5.09 | — | — | — | -40.06 | -6.77 | -27.21 |
| Interest Coverage | 0.68 | 0.68 | 5.29 | 3.72 | 7.34 | -7.41 | -20.68 | -11.71 | 6.60 | -12.70 | -25.51 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.44x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.28x to 0.44x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.44 | 0.44 | 0.41 | 0.28 | 0.47 | 0.50 | 0.44 | 1.86 | 1.85 | 1.90 | 2.61 |
| Quick Ratio | 0.44 | 0.44 | 0.41 | 0.28 | 0.47 | 0.50 | 0.44 | 1.86 | 1.85 | 1.90 | 2.61 |
| Cash Ratio | 0.27 | 0.27 | 0.18 | 0.08 | 0.21 | 0.20 | 0.31 | 0.03 | 1.64 | 1.67 | 2.39 |
| Asset Turnover | — | 0.66 | 0.71 | 0.63 | 0.59 | 0.29 | 0.47 | 0.19 | 0.41 | 0.35 | 0.31 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 15.29 | 28.46 | 31.08 | 39.73 | 79.21 | 7.05 | 8.00 | 24.74 | 29.01 | 26.21 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Madison Square Garden Sports Corp. returns 0.8% to shareholders annually — split between a 0.0% dividend yield and 0.8% buyback yield.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.0% | 3.8% | — | — | 23.5% | — | — | — | — |
| Payout Ratio | — | — | 1.2% | 357.6% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.3% | 1.0% | 1.4% | — | — | — | 3.9% | — | — |
| FCF Yield | 5.9% | 1.7% | 2.0% | 3.3% | 4.8% | — | — | — | 0.8% | 7.4% | 2.6% |
| Buyback Yield | 0.8% | 0.2% | 0.2% | 1.6% | 0.5% | 0.0% | 0.8% | 0.6% | 0.3% | 6.4% | 5.0% |
| Total Shareholder Yield | 0.8% | 0.2% | 0.2% | 5.4% | 0.5% | 0.0% | 24.3% | 0.6% | 0.3% | 6.4% | 5.0% |
| Shares Outstanding | — | $24M | $24M | $24M | $24M | $24M | $24M | $24M | $24M | $24M | $25M |
Compare MSGS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| MSGSYou | $2B | -356.6 | 140.6 | 17.1 | 27.0% | 1.4% | — | 1.5% | 65.7 |
| LYV | $38B | -675.6 | 17.8 | 114.4 | — | 5.0% | 34.9% | 343.5% | 1.4 |
| TKO | $26B | 99.1 | 22.1 | 20.2 | -43.0% | 17.6% | 5.9% | 5.3% | 3.1 |
| FWONK | $20B | — | — | 22.5 | — | — | — | — | — |
| LLYVK | $6B | — | — | 7.0 | — | — | — | -29.8% | — |
| MSGE | $3B | 82.0 | 20.6 | 27.4 | 43.2% | 13.0% | — | 8.5% | 6.7 |
| BATRA | $3B | -130.8 | 35.1 | — | 19.9% | 2.3% | -4.3% | 1.0% | 9.1 |
| BATRK | $2B | -118.1 | 32.2 | — | 19.9% | 2.3% | -4.3% | 1.0% | 9.1 |
| MANU | $1B | -70.5 | 6.8 | 26.8 | 82.3% | -2.8% | -19.5% | -2.0% | 3.3 |
| SPHR | $817M | -21.0 | 53.0 | — | 21.7% | -21.7% | -8.3% | -5.0% | 45.3 |
| TDIC | $6M | 6.3 | 12.0 | — | 26.1% | 1.7% | 112.5% | 12.2% | 3.8 |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonMadison Square Garden Sports Corp.'s current P/E ratio is -356.6x. The historical average is 68.6x.
Madison Square Garden Sports Corp.'s current EV/EBITDA is 140.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 33.7x.
Based on historical data, Madison Square Garden Sports Corp. is trading at a P/E of -356.6x. Compare with industry peers and growth rates for a complete picture.
Madison Square Garden Sports Corp.'s current dividend yield is 0.01%.
Madison Square Garden Sports Corp. has 27.0% gross margin and 1.4% operating margin.
Madison Square Garden Sports Corp.'s Debt/EBITDA ratio is 65.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.