Madison Square Grdn Sprt Corp Financials
This page shows Madison Square Grdn Sprt Corp (MSGS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Madison Square Grdn Sprt Corp has an operating margin of 1.4%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 25/100, suggesting thin profitability after operating expenses. This is down from 14.2% the prior year.
Madison Square Grdn Sprt Corp's revenue grew a modest 1.2% year-over-year to $1.0B. This slow but positive growth earns a score of 35/100.
Madison Square Grdn Sprt Corp's current ratio of 0.45 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 3/100, which could limit financial flexibility.
Madison Square Grdn Sprt Corp has a free cash flow margin of 8.5%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Madison Square Grdn Sprt Corp scores 3.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($7.7B) relative to total liabilities ($1.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Madison Square Grdn Sprt Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Madison Square Grdn Sprt Corp generates $-4.08 in operating cash flow ($91.6M OCF vs -$22.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Madison Square Grdn Sprt Corp earns $0.7 in operating income for every $1 of interest expense ($14.8M vs $21.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Madison Square Grdn Sprt Corp generated $1.0B in revenue in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Madison Square Grdn Sprt Corp's EBITDA was $18.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 87.9% from the prior year.
Madison Square Grdn Sprt Corp reported -$22.4M in net income in fiscal year 2025. This represents a decrease of 138.2% from the prior year.
Madison Square Grdn Sprt Corp earned $-0.93 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 138.1% from the prior year.
Cash & Balance Sheet
Madison Square Grdn Sprt Corp generated $88.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.0% from the prior year.
Madison Square Grdn Sprt Corp held $144.6M in cash against $267.0M in long-term debt as of fiscal year 2025.
Madison Square Grdn Sprt Corp paid $7.00 per share in dividends in fiscal year 2025.
Margins & Returns
Madison Square Grdn Sprt Corp's operating margin was 1.4% in fiscal year 2025, reflecting core business profitability. This is down 12.8 percentage points from the prior year.
Madison Square Grdn Sprt Corp's net profit margin was -2.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.9 percentage points from the prior year.
Capital Allocation
Madison Square Grdn Sprt Corp invested $3.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 149.6% from the prior year.
MSGS Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $403K-99.9% | $403.4M+922.5% | $39.5M-80.7% | $204.0M-51.9% | $424.2M+18.6% | $357.8M+571.1% | $53.3M-76.5% | $227.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $69K-99.9% | $69.1M+19.5% | $57.8M-18.5% | $70.9M-5.1% | $74.7M+10.0% | $67.9M+29.1% | $52.6M-20.8% | $66.4M |
| Operating Income | $22K-99.9% | $22.2M+180.9% | -$27.4M-21.5% | -$22.6M-169.8% | $32.3M+142.9% | $13.3M+260.9% | -$8.3M-115.8% | $52.3M |
| Interest Expense | $6K-99.9% | $6.2M+11.1% | $5.6M+12.0% | $5.0M-0.6% | $5.0M-10.1% | $5.6M-7.7% | $6.1M-4.2% | $6.3M |
| Income Tax | $7K-99.9% | $6.7M+178.5% | -$8.6M+66.2% | -$25.3M-168.8% | $36.9M+5180.4% | $698K+109.9% | -$7.0M-140.9% | $17.2M |
| Net Income | $8K-99.9% | $8.2M+193.7% | -$8.8M-394.3% | -$1.8M+87.5% | -$14.2M-1380.6% | $1.1M+114.7% | -$7.5M-129.6% | $25.5M |
| EPS (Diluted) | $0.340.0% | $0.34+191.9% | $-0.37 | N/A | $-0.59-1280.0% | $0.05+116.1% | $-0.31 | N/A |
MSGS Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5M-99.9% | $1.5B+1.8% | $1.5B+3.0% | $1.5B-2.1% | $1.5B+6.5% | $1.4B+2.9% | $1.4B+2.0% | $1.3B |
| Current Assets | $300K-99.9% | $299.6M+21.4% | $246.7M-1.8% | $251.1M-21.4% | $319.3M+7.5% | $297.1M+26.0% | $235.8M+8.7% | $216.9M |
| Cash & Equivalents | $81K-99.9% | $81.3M+67.2% | $48.6M-66.4% | $144.6M+49.8% | $96.5M-10.5% | $107.8M+106.4% | $52.3M-41.4% | $89.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $90K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $227K-99.9% | $226.5M0.0% | $226.5M0.0% | $226.5M0.0% | $226.5M0.0% | $226.5M0.0% | $226.5M0.0% | $226.5M |
| Total Liabilities | $1.3M-99.9% | $1.8B+0.8% | $1.8B+3.3% | $1.8B-1.9% | $1.8B+6.1% | $1.7B+2.1% | $1.7B+2.4% | $1.6B |
| Current Liabilities | $642K-99.9% | $641.6M+0.7% | $637.3M+13.1% | $563.5M-8.7% | $617.2M+2.4% | $603.0M+4.9% | $574.7M+10.1% | $522.0M |
| Long-Term Debt | $267K-99.9% | $267.0M0.0% | $267.0M0.0% | $267.0M0.0% | $267.0M-2.9% | $275.0M0.0% | $275.0M0.0% | $275.0M |
| Total Equity | $282K+100.1% | -$282.1M+4.1% | -$294.2M-4.5% | -$281.4M+0.7% | -$283.4M-3.8% | -$273.1M+1.6% | -$277.5M-4.2% | -$266.3M |
| Retained Earnings | $138K+100.1% | -$138.2M+5.6% | -$146.4M-6.4% | -$137.6M-1.3% | -$135.8M-11.7% | -$121.6M+0.9% | -$122.7M-6.6% | -$115.1M |
MSGS Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $53K-99.8% | $32.4M+138.2% | -$85.0M-270.9% | $49.7M+693.9% | $6.3M-89.9% | $61.8M+336.2% | -$26.2M-124.1% | $108.4M |
| Capital Expenditures | $1K-99.9% | $857K+131.0% | $371K-0.5% | $373K-84.2% | $2.4M+342.0% | $533K+48.5% | $359K-2.2% | $367K |
| Free Cash Flow | $51K-99.8% | $31.6M+137.0% | -$85.3M-272.9% | $49.4M+1163.1% | $3.9M-93.6% | $61.2M+331.0% | -$26.5M-124.6% | $108.0M |
| Investing Cash Flow | $3K+100.3% | -$895K+51.6% | -$1.8M-17.6% | -$1.6M+48.4% | -$3.0M-167.5% | -$1.1M+2.1% | -$1.2M+63.8% | -$3.2M |
| Financing Cash Flow | $17K+100.2% | -$7.5M+17.4% | -$9.1M | $0+100.0% | -$14.0M-388.8% | -$2.9M+69.8% | -$9.5M+82.7% | -$55.0M |
| Dividends Paid | $472-99.6% | $132K-61.2% | $340K | $0-100.0% | $33K-79.4% | $160K-63.6% | $440K+2215.8% | $19K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MSGS Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 5.5%0.0pp | 5.5%+75.0pp | -69.5%-58.4pp | -11.1%-18.7pp | 7.6%+3.9pp | 3.7%+19.2pp | -15.5%-38.5pp | 23.0% |
| Net Margin | 2.0%0.0pp | 2.0%+24.3pp | -22.3%-21.4pp | -0.9%+2.5pp | -3.4%-3.7pp | 0.3%+14.5pp | -14.1%-25.4pp | 11.2% |
| Return on Equity | 2.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.5%0.0pp | 0.5%+1.1pp | -0.6%-0.5pp | -0.1%+0.8pp | -0.9%-1.0pp | 0.1%+0.6pp | -0.5%-2.4pp | 1.9% |
| Current Ratio | 0.470.0 | 0.47+0.1 | 0.39-0.1 | 0.45-0.1 | 0.52+0.0 | 0.49+0.1 | 0.410.0 | 0.42 |
| Debt-to-Equity | 0.95+1.9 | -0.95-0.0 | -0.91+0.0 | -0.950.0 | -0.94+0.1 | -1.01-0.0 | -0.99+0.0 | -1.03 |
| FCF Margin | 12.7%+4.9pp | 7.8%+224.1pp | -216.3%-240.5pp | 24.2%+23.3pp | 0.9%-16.2pp | 17.1%+66.9pp | -49.7%-97.3pp | 47.5% |
Note: Shareholder equity is negative (-$281.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.45), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Madison Square Grdn Sprt Corp's annual revenue?
Madison Square Grdn Sprt Corp (MSGS) reported $1.0B in total revenue for fiscal year 2025. This represents a 1.2% 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 Sprt Corp's revenue growing?
Madison Square Grdn Sprt Corp (MSGS) revenue grew by 1.2% year-over-year, from $1.0B to $1.0B in fiscal year 2025.
Is Madison Square Grdn Sprt Corp profitable?
No, Madison Square Grdn Sprt Corp (MSGS) reported a net income of -$22.4M in fiscal year 2025, with a net profit margin of -2.2%.
What is Madison Square Grdn Sprt Corp's EBITDA?
Madison Square Grdn Sprt Corp (MSGS) had EBITDA of $18.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Madison Square Grdn Sprt Corp have?
As of fiscal year 2025, Madison Square Grdn Sprt Corp (MSGS) had $144.6M in cash and equivalents against $267.0M in long-term debt.
What is Madison Square Grdn Sprt Corp's operating margin?
Madison Square Grdn Sprt Corp (MSGS) had an operating margin of 1.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Madison Square Grdn Sprt Corp's net profit margin?
Madison Square Grdn Sprt Corp (MSGS) had a net profit margin of -2.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Madison Square Grdn Sprt Corp pay dividends?
Yes, Madison Square Grdn Sprt Corp (MSGS) paid $7.00 per share in dividends during fiscal year 2025.
What is Madison Square Grdn Sprt Corp's free cash flow?
Madison Square Grdn Sprt Corp (MSGS) generated $88.0M in free cash flow during fiscal year 2025. This represents a -3.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Madison Square Grdn Sprt Corp's operating cash flow?
Madison Square Grdn Sprt Corp (MSGS) generated $91.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Madison Square Grdn Sprt Corp's total assets?
Madison Square Grdn Sprt Corp (MSGS) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Madison Square Grdn Sprt Corp's capital expenditures?
Madison Square Grdn Sprt Corp (MSGS) invested $3.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Madison Square Grdn Sprt Corp's current ratio?
Madison Square Grdn Sprt Corp (MSGS) had a current ratio of 0.45 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Madison Square Grdn Sprt Corp's debt-to-equity ratio?
Madison Square Grdn Sprt Corp (MSGS) had a debt-to-equity ratio of -0.95 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Madison Square Grdn Sprt Corp's return on assets (ROA)?
Madison Square Grdn Sprt Corp (MSGS) had a return on assets of -1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Madison Square Grdn Sprt Corp's debt-to-equity ratio negative or unusual?
Madison Square Grdn Sprt Corp (MSGS) has negative shareholder equity of -$281.4M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Madison Square Grdn Sprt Corp's Altman Z-Score?
Madison Square Grdn Sprt Corp (MSGS) has an Altman Z-Score of 3.00, placing it in the Safe Zone (low bankruptcy 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.
What is Madison Square Grdn Sprt Corp's Piotroski F-Score?
Madison Square Grdn Sprt Corp (MSGS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Madison Square Grdn Sprt Corp's earnings high quality?
Madison Square Grdn Sprt Corp (MSGS) has an earnings quality ratio of -4.08x, considered mixed 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.
Can Madison Square Grdn Sprt Corp cover its interest payments?
Madison Square Grdn Sprt Corp (MSGS) has an interest coverage ratio of 0.7x, meaning it can struggle to 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.
How financially healthy is Madison Square Grdn Sprt Corp?
Madison Square Grdn Sprt Corp (MSGS) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.