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MADISON SQUARE GRDN ENTERTNMNT (MSGE) Financials

MSGE
FY2026 annual
Revenue $1.1B +12.5% YoY
Net Income $66.2M +76.8% YoY
EPS (Diluted) $1.38 +79.2% YoY
Operating Cash Flow $351.4M +204.8% YoY
Market Cap $3.6B as of Sep 9, 2026
Price / Sales 3.4x on $1.1B revenue, FY2026
Price / Earnings 54.9x on $66.2M net income, FY2026
Price / Book 79.3x on $45.8M equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jun 30, 2026 Reported Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MSGE SEC filings page.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) reported $1.1B in revenue for fiscal year 2026, up 12.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MSGE FY2026

Operating leverage is the dominant mechanic: rising revenue is absorbing costs, while cash conversion is volatile and short-term liquidity remains tight.

Operating margin rose from -0.9% in FY2022 to 13.3% in FY2026 as revenue expanded; the pattern points to operating leverage. That margin expansion occurred even as SG&A reached $253.1M, suggesting incremental revenue—not simply administrative cuts—carried more profit.

Operating cash flow reached $351.4M in FY2026 against net income of $66.2M, a gap large enough to make cash generation look partly period-specific rather than a clean reflection of reported earnings. It was $115.3M in FY2025, so the latest cash result is not yet a steady multi-year pattern.

Equity turned positive at $45.8M in FY2026 after being negative in FY2025, while long-term debt fell to $540.3M; this is balance-sheet repair, not just an earnings improvement. Yet the current ratio was 0.7x, so near-term obligations remained larger than current assets despite positive equity.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 39 / 100
Financial Health Score 39/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of MADISON SQUARE GRDN ENTERTNMNT's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
68

MADISON SQUARE GRDN ENTERTNMNT has an operating margin of 13.3%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is up from 13.0% the prior year.

Growth
51

MADISON SQUARE GRDN ENTERTNMNT's revenue grew 12.5% year-over-year to $1.1B, a solid pace of expansion. This earns a growth score of 51/100.

Leverage
43

MADISON SQUARE GRDN ENTERTNMNT has a moderate D/E ratio of 11.80. This balance of debt and equity financing earns a leverage score of 43/100.

Liquidity
8

MADISON SQUARE GRDN ENTERTNMNT's current ratio of 0.70 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
0

Not available for MADISON SQUARE GRDN ENTERTNMNT, and counted as zero in the overall score.

Returns
66

MADISON SQUARE GRDN ENTERTNMNT earns a strong 144.6% return on equity (ROE), meaning it generates $145 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100.

Altman Z-Score Grey Zone
1.96

MADISON SQUARE GRDN ENTERTNMNT scores 1.96, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($3.6B) relative to total liabilities ($1.9B). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/7

MADISON SQUARE GRDN ENTERTNMNT passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
5.31x

For every $1 of reported earnings, MADISON SQUARE GRDN ENTERTNMNT generates $5.31 in operating cash flow ($351.4M OCF vs $66.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
3.54x

MADISON SQUARE GRDN ENTERTNMNT earns $3.54 in operating income for every $1 of interest expense ($141.5M vs $40.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$196.3M
YoY+27.4%
QoQ-20.3%

MADISON SQUARE GRDN ENTERTNMNT generated $196.3M in revenue in Q4 2026. This represents an increase of 27.4% from the same quarter a year earlier. Against the prior quarter it is down 20.3%.

EBITDA
$5.6M
YoY+154.1%
QoQ-81.3%

MADISON SQUARE GRDN ENTERTNMNT's EBITDA was $5.6M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 154.1% from the same quarter a year earlier. Against the prior quarter it is down 81.3%.

Net Income
-$10.0M
YoY+63.3%
QoQ-295.4%

MADISON SQUARE GRDN ENTERTNMNT reported -$10.0M in net income in Q4 2026. This represents an increase of 63.3% from the same quarter a year earlier. Against the prior quarter it is down 295.4%.

EPS (Diluted)
-$0.21
YoY+62.5%
QoQ-290.9%

MADISON SQUARE GRDN ENTERTNMNT earned -$0.21 per diluted share (EPS) in Q4 2026. This represents an increase of 62.5% from the same quarter a year earlier. Against the prior quarter it is down 290.9%.

Cash & Balance Sheet

Cash & Debt
$293.6M
YoY+582.5%
QoQ-9.1%

MADISON SQUARE GRDN ENTERTNMNT held $293.6M in cash against $540.3M in long-term debt as of Q4 2026.

Free Cash Flow

Not reported for Q4 2026.

Dividends Per Share

Not reported for Q4 2026.

Shares Outstanding

Not reported for Q4 2026.

Margins & Returns

Operating Margin
-4.4%
YoY+12.3pp
QoQ-10.9pp

MADISON SQUARE GRDN ENTERTNMNT's operating margin was -4.4% in Q4 2026, reflecting core business profitability. This is up 12.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.9 percentage points.

Net Margin
-5.1%
YoY+12.5pp
QoQ-7.2pp

MADISON SQUARE GRDN ENTERTNMNT's net profit margin was -5.1% in Q4 2026, showing the share of revenue converted to profit. This is up 12.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.2 percentage points.

Return on Equity
-21.8%
QoQ-32.5pp

MADISON SQUARE GRDN ENTERTNMNT's ROE was -21.8% in Q4 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 32.5 percentage points.

Gross Margin

Not reported for Q4 2026.

Capital Allocation

Share Buybacks
$0

MADISON SQUARE GRDN ENTERTNMNT repurchased no shares in Q4 2026.

R&D Spending

Not reported for Q4 2026.

Capital Expenditures

Not reported for Q4 2026.

MSGE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MSGE quarterly income statement
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Revenue$196.3M+27.4%$246.3M+1.6%$459.9M+12.9%$158.3M+14.1%$154.1M-17.2%$242.5M+6.2%$407.4M+1.2%$138.7M-2.5%
SG&A Expenses$67.2M+12.2%$61.0M+17.0%$68.4M+19.5%$56.6M+23.7%$59.9M+7.4%$52.1M-3.4%$57.2M+18.2%$45.7M-6.3%
Operating Income-$8.6M+66.4%$16.1M-41.1%$163.8M+17.9%-$29.7M-60.9%-$25.8M-190.7%$27.3M+62.6%$139.0M+1.1%-$18.5M+44.7%
EBITDA$5.6M+154.1%$29.9M-28.3%$177.8M+16.1%-$15.7M-233.2%-$10.3M-304.6%$41.7M+39.1%$153.2M+1.7%-$4.7M+76.3%
Interest Expense$9.1M-22.4%$9.4M-20.2%$10.4M-19.5%$11.0M-21.5%$11.7M-17.5%$11.8M-18.2%$13.0M-13.9%$14.0M-1.7%
Income Tax-$4.4M+70.8%$3.1M-57.0%$60.8M+22.9%-$18.8M-38.0%-$15.0M+83.8%$7.3M+362500.0%$49.5M+4593.8%-$13.6M-1963.9%
Net Income-$10.0M+63.3%$5.1M-36.4%$92.7M+22.2%-$21.7M-12.1%-$27.2M-140.6%$8.0M+187.5%$75.9M-39.4%-$19.3M+61.9%
EPS (Basic)-$0.22+60.7%$0.11-35.3%$1.96+24.8%-$0.46-15.0%-$0.56-140.0%$0.17+183.3%$1.57-39.8%-$0.40+60.0%
EPS (Diluted)-$0.21+62.5%$0.11-35.3%$1.94+24.4%-$0.46-15.0%-$0.56-140.3%$0.17+183.3%$1.56-39.8%-$0.40+60.0%
Diluted Shares (Avg)N/A48M-0.3%48M-1.6%47M-1.5%N/A48M-0.4%49M+0.7%48M-4.4%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

MSGE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MSGE quarterly balance sheet
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Total Assets$1.9B+15.9%$2.0B+12.5%$1.8B+14.8%$1.7B+4.3%$1.7B+7.5%$1.7B+19.3%$1.6B+11.8%$1.6B+19.4%
Current Assets$522.1M+120.2%$538.6M+75.1%$420.1M+55.7%$264.2M+1.5%$237.1M+8.2%$307.6M+20.2%$269.8M+7.8%$260.4M-8.2%
Cash & Equivalents$293.6M+582.5%$323.1M+263.2%$157.1M+186.0%$29.9M-19.7%$43.0M+29.4%$89.0M+217.6%$54.9M+55.9%$37.3M+0.3%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$3.7M-0.1%$3.0M-25.0%$3.8M+24.5%$4.6M+12.8%$3.8M-3.1%$4.1M-5.7%$3.0M-37.1%$4.1M+21.6%
Accounts Receivable$88.0M+31.8%$89.7M+6.1%$120.9M+29.4%$81.2M-15.0%$66.8M-13.6%$84.5M-22.2%$93.4M-8.4%$95.5M-4.7%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$69.0M0.0%$69.0M0.0%$69.0M0.0%$69.0M0.0%$69.0M0.0%$69.0M0.0%$69.0M0.0%$69.0M0.0%
Total Liabilities$1.9B+12.3%$1.9B+10.4%$1.8B+13.3%$1.7B+5.2%$1.7B+6.8%$1.7B+11.4%$1.6B+3.7%$1.7B+4.8%
Current Liabilities$748.3M+48.9%$753.2M+40.1%$618.5M+23.3%$547.7M+5.1%$502.4M-0.7%$537.6M-2.4%$501.7M-6.8%$521.2M-13.8%
Non-Current Liabilities$1.1B-3.3%$1.2B-3.0%$1.2B+8.6%$1.2B+5.3%$1.2B+10.3%$1.2B+18.9%$1.1B+9.4%$1.1B+16.2%
Long-Term Debt$540.3M-5.0%$547.5M-5.2%$554.6M-5.2%$581.7M-10.1%$568.8M-5.1%$577.4M-4.2%$584.7M-3.5%$647.0M-7.5%
Total Equity$45.8M+444.2%$48.0M+403.9%$36.0M+248.7%-$65.8M-35.1%-$13.3M+42.6%$9.5M+110.1%$10.3M+110.1%-$48.7M+79.3%
Retained Earnings$219.2M+43.2%$229.2M+27.2%$224.1M+30.2%$131.4M+36.5%$153.0M+32.4%$180.2M+270.2%$172.2M+275.3%$96.3M+221.3%

MSGE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MSGE quarterly cash flow statement
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Operating Cash Flow-$16.6M+38.5%$183.9M+223.6%$164.4M+45.7%$19.8M+172.4%-$27.0M-12841.0%$56.8M+875.8%$112.9M+8.7%-$27.4M-2085.4%
Depreciation & Amortization$14.2M-7.8%$13.8M-4.1%$14.0M-1.4%$14.1M+2.1%$15.4M+11.0%$14.4M+9.0%$14.2M+7.4%$13.8M+1.4%
Stock-Based CompensationN/AN/AN/A$7.3M+16.5%N/AN/AN/A$6.3M-51.7%
Investing Cash Flow-$4.3M-0.4%-$10.2M-228.2%-$8.5M+11.5%-$6.8M-1.6%-$4.3M-142.1%-$3.1M+68.7%-$9.6M-32.5%-$6.7M+87.9%
Financing Cash Flow-$8.5M+41.5%-$7.6M+60.8%-$28.8M+66.4%-$26.1M-168.4%-$14.6M-180.0%-$19.5M-274.7%-$85.7M+13.1%$38.1M+310.9%
Share Buybacks$0$0-100.0%$0-100.0%$25.0M$0$14.7M$25.0M+4782.8%$0-100.0%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.

MSGE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MSGE quarterly financial ratios
MetricQ4'2610-KQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Operating Margin-4.4%+12.3pp6.5%-4.7pp35.6%+1.5pp-18.8%-5.5pp-16.7%-11.9pp11.3%+3.9pp34.1%0.0pp-13.3%+10.2pp
Net Margin-5.1%+12.5pp2.1%-1.2pp20.2%+1.5pp-13.7%+0.3pp-17.6%-53.6pp3.3%+2.1pp18.6%-12.5pp-13.9%+21.7pp
Return on Equity-21.8%10.6%-73.7pp257.4%-477.4ppN/AN/A84.4%734.8%N/A
Return on Assets-0.5%+1.1pp0.3%-0.2pp5.1%+0.3pp-1.3%-0.1pp-1.6%-5.9pp0.5%+0.3pp4.8%-4.0pp-1.2%+2.6pp
Current Ratio0.70+0.2x0.72+0.1x0.68+0.1x0.480.0x0.470.0x0.57+0.1x0.54+0.1x0.500.0x
Debt-to-Equity11.8011.40-49.2x15.40-41.2xN/AN/A60.6156.61N/A
Asset Turnover0.100.0x0.130.0x0.250.0x0.090.0x0.090.0x0.140.0x0.260.0x0.090.0x

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.70), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
MADISON SQUARE GRDN ENTERTNMNT MSGE FY2026 $1.1B $66.2M 6.2% $3.6B 39/100
Six Flags Entertainment Corporation FUN FY2025 $3.1B -$1.5B -50.0% $1.6B 26/100
Onespaworld Holdings Limited OSW FY2025 $961.0M $71.6M 7.4% $2.3B 56/100
United Parks PRKS FY2025 $1.7B $168.4M 10.1% $1.8B 50/100
Yeti Holdings YETI FY2025 $1.9B $165.4M 8.8% $3.0B 73/100
Peloton Interactive, Inc. PTON FY2026 $2.4B $63.2M 2.6% $2.4B 47/100

Frequently Asked Questions

What is MADISON SQUARE GRDN ENTERTNMNT's annual revenue?

MADISON SQUARE GRDN ENTERTNMNT (MSGE) reported $1.1B in total revenue for fiscal year 2026. This represents a 12.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MADISON SQUARE GRDN ENTERTNMNT's revenue growing?

MADISON SQUARE GRDN ENTERTNMNT (MSGE) revenue grew by 12.5% year-over-year, from $942.7M to $1.1B in fiscal year 2026.

Is MADISON SQUARE GRDN ENTERTNMNT profitable?

Yes, MADISON SQUARE GRDN ENTERTNMNT (MSGE) reported a net income of $66.2M in fiscal year 2026, with a net profit margin of 6.2%.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) reported diluted earnings per share of $1.38 for fiscal year 2026. This represents a 79.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) had EBITDA of $197.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, MADISON SQUARE GRDN ENTERTNMNT (MSGE) had $293.6M in cash and equivalents against $540.3M in long-term debt.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) had an operating margin of 13.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) had a net profit margin of 6.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) has a return on equity of 144.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) generated $351.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) had $1.9B in total assets as of fiscal year 2026, including both current and long-term assets.

Yes, MADISON SQUARE GRDN ENTERTNMNT (MSGE) spent $25.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) had a current ratio of 0.70 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) had a debt-to-equity ratio of 11.80 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) had a return on assets of 3.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) trades at 54.9x earnings, its market capitalization divided by net income of $66.2M net income, FY2026. The market capitalization is $3.6B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) trades at 3.4x sales, its market capitalization divided by revenue of $1.1B revenue, FY2026. The market capitalization is $3.6B as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) has an Altman Z-Score of 1.96, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) has an earnings quality ratio of 5.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) has an interest coverage ratio of 3.54x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

MADISON SQUARE GRDN ENTERTNMNT (MSGE) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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