M 
Madison Square Garden Entertainment MSGE · USD
Communication Services · US listing · 🇺🇸 United States
80.29
+4.19%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$942.7m
FY2017FY2025
Net income
$37.4m
FY2017FY2025
Free cash flow
$93.1m
FY2017FY2025
Shareholders' equity
−$13.3m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $942.7m | $959.3m | $851.5m | $653.5m | $584.6m | $1.05bn | $989.0m | $711.0m |
| Gross profit | $407.1m | $412.2m | $351.6m | $258.7m | $204.1m | $378.3m | $353.8m | $193.9m |
| Operating income | $113.7m | $126.1m | $129.6m | −$5.6m | $225.3m | −$45.6m | −$31.3m | −$98.4m |
| Net income | $37.4m | $144.3m | $76.6m | −$133.3m | $171.7m | −$17.9m | $6.9m | −$108.5m |
| Diluted earnings per share | 0.78 | 2.97 | 1.60 | -3.84 | 7.11 | -0.75 | 0.29 | -4.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.67bn | $1.55bn | $1.40bn | $1.53bn | $3.72bn | $3.32bn | $3.29bn | — |
| Cash and short-term investments | $43.0m | $33.3m | $76.1m | $58.1m | $1.24bn | $1.19bn | $1.23bn | — |
| Total liabilities | $1.68bn | $1.58bn | $1.47bn | $1.53bn | $844.8m | $662.3m | $721.5m | — |
| Debt | $599.2m | $615.5m | $646.4m | $663.7m | $33.6m | $54.6m | $105.7m | — |
| Shareholders' equity | −$13.3m | −$23.2m | −$69.5m | −$1.6m | $2.84bn | $2.57bn | $2.48bn | — |
| Shares outstanding | 48m | 49m | 48m | 35m | 24m | 24m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $115.3m | $111.3m | $135.7m | $95.4m | $31.5m | $91.7m | $144.4m | $96.3m |
| Capital spending | −$22.2m | −$24.2m | −$15.2m | −$15.8m | −$29.6m | −$184.0m | −$187.4m | −$41.8m |
| Free cash flow | $93.1m | $87.1m | $120.5m | $79.6m | $1.9m | −$92.3m | −$43.0m | $54.5m |
| Dividends paid | — | — | — | −$2.3m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $313.6m | $246.3m | $459.9m | $158.3m | $154.1m | $242.5m | $407.4m | $138.7m |
| Gross profit | $162.6m | $99.5m | $233.3m | $55.9m | $75.3m | $103.6m | $210.3m | $41.0m |
| Operating income | −$61.3m | $17.6m | $164.9m | −$75.1m | −$23.2m | $37.1m | $139.0m | −$18.9m |
| Net income | −$38.8m | $5.1m | $92.7m | −$101.2m | −$27.2m | $8.0m | $75.9m | −$19.3m |
| Diluted earnings per share | -1.08 | 0.14 | 1.94 | -2.12 | -0.57 | 0.17 | 1.56 | -0.40 |
| Cash from operations | $102.0m | $183.0m | $164.0m | $19.0m | −$27.0m | $56.0m | $112.0m | −$27.0m |
| Capital spending | −$19.0m | −$9.0m | −$5.0m | −$5.0m | −$4.0m | −$2.0m | −$9.0m | −$5.0m |
| Free cash flow | $83.0m | $174.0m | $159.0m | $14.0m | −$31.0m | $54.0m | $103.0m | −$32.0m |
| Total assets | $4.04bn | $4.22bn | $1.82bn | $1.68bn | $4.20bn | $1.74bn | $1.59bn | $1.61bn |
| Cash and short-term investments | $552.0m | $630.2m | $157.6m | $29.9m | $368.9m | $89.0m | $54.9m | $37.3m |
| Debt | $72.3m | $621.7m | $626.3m | $644.5m | $1.21bn | $1.20bn | $1.09bn | $1.15bn |
| Shareholders' equity | $2.23bn | $2.25bn | $36.0m | −$65.8m | $2.31bn | $9.5m | $10.3m | −$48.7m |
Financial ratios
Data as of 25 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 45.1% | 43.2% | 43.0% | 41.3% | 39.6% | 7.3% |
| Operating margin | -5.4% | 12.3% | 13.2% | 15.2% | 0.1% | -272.4% |
| Net margin | 6.2% | 4.0% | 15.0% | 9.0% | -20.4% | -267.2% |
| Return on equity | 3.0% | -281.4% | -622.9% | -110.3% | 8391.2% | -44.1% |
| Return on assets | 1.6% | 2.2% | 9.3% | 5.5% | -8.7% | -12.9% |
| Free cash flow yield | 3.3% | 3.7% | 3.6% | 4.0% | 4.1% | -5.1% |
| Revenue growth | 12.5% | -1.7% | 12.7% | 30.3% | 698.8% | -86.0% |
| Earnings growth | 76.8% | -74.1% | 88.4% | -157.4% | -39.0% | -227.3% |
| Current ratio | 1.22x | 0.47x | 0.43x | 0.55x | 0.63x | 1.27x |
| Debt to equity | 0.28x | -47.70x | -27.77x | -9.83x | -1080.56x | 1.42x |
| Equity ratio | 55.2% | -0.8% | -1.5% | -5.0% | -0.1% | 29.2% |
| Interest coverage | -1.43x | 2.30x | 2.18x | 2.50x | 0.01x | -6.61x |
| Buybacks as a share of market value | 0.8% | 1.6% | -1.3% | -38.3% | -0.8% | -42.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.3% | 30.8% | — |
| Operating income | — | -22.8% | — |
| Net income | — | -29.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.3% | 43.5% | 42.0% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | -73.1 | 68.9 | 12.0 | 19.9 |
| Price to sales | 9.0 | 2.7 | 1.8 | 1.8 |
Market value over time
28 Apr 2023 to 23 Oct 2026, in USD
$1.68bn$3.69bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Return | 57% | 3% | -0% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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