What is Madison Square Garden Sports Corp.'s earnings per share (EPS)?

Madison Square Garden Sports Corp. (MSGS) reported diluted earnings per share of $0.32 for fiscal year 2026. This represents a 134.4% 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 Garden Sports Corp. (MSGS) Financials

MSGS

FY2026 annual

Revenue $1.2B +11.0% YoY

Net Income $7.8M +134.6% YoY

EPS (Diluted) $0.32 +134.4% YoY

Free Cash Flow $61.3M -30.4% YoY

Market Cap $9.6B as of Oct 2, 2026

Price / Sales 8.3x on $1.2B revenue, FY2026

Price / Earnings n/m outside the range published as a multiple, on $7.8M net income, FY2026

Price / Book n/m negative shareholder equity, so no book multiple, 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 Oct 2, 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 Aug 13, 2026 Currency USD FYE June

Newest figures come from the 10-K for FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MSGS SEC filings page.

Madison Square Garden Sports Corp. (MSGS) reported $1.2B in revenue for fiscal year 2026, up 11.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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 MSGS FY2026 2026-08-30

Revenue scale is growing, but the business mechanic is low-capex cash generation alongside unstable profitability and liability-heavy financing.

In FY2026, operating cash flow was $62.7M—about eight times net income of $7.8M—while free cash flow of $61.3M nearly matched it because capital spending was only $1.4M. That combination means reported cash generation is being supported by items beyond bottom-line profit, while the business currently requires little reinvestment to preserve that cash flow.

The financing posture remains liability-heavy: FY2026 liabilities of $1.8B exceeded assets of $1.5B. A current ratio of 0.5x indicates current assets were about half of current liabilities, so lower long-term debt has not removed near-term balance-sheet tightness.

Revenue reached $1.2B in FY2026, yet operating margin was only 2.5%. The margin had been 14.2% in FY2024 before falling to 1.4% in FY2025, making the latest improvement look like a partial recovery rather than a durable step-change.

Financial Health Signals

Financial Health Score 40/100

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 Garden Sports Corp.'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

Madison Square Garden Sports Corp. has an operating margin of 2.5%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is up from 1.4% the prior year.

Growth

Madison Square Garden Sports Corp.'s revenue grew 11.0% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 54/100.

Leverage

Liquidity

Madison Square Garden Sports Corp.'s current ratio of 0.50 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Madison Square Garden Sports Corp. has a free cash flow margin of 5.3%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Altman Z-Score Safe

3.65

Madison Square Garden Sports Corp. scores 3.65, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($9.6B) relative to total liabilities ($1.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

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

Piotroski F-Score Partial

7/7

Madison Square Garden Sports Corp. passes 7 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, both operating efficiency signals pass.

Earnings Quality Cash-Backed

8.08x

For every $1 of reported earnings, Madison Square Garden Sports Corp. generates $8.08 in operating cash flow ($62.7M OCF vs $7.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.37x

Madison Square Garden Sports Corp. earns $1.37 in operating income for every $1 of interest expense ($28.9M vs $21.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$278.7M

YoY+36.7%

QoQ-35.5%

5Y CAGR+13.7%

Madison Square Garden Sports Corp. generated $278.7M in revenue in Q4 2026. This represents an increase of 36.7% from the same quarter a year earlier. Against the prior quarter it is down 35.5%.

EBITDA

$32.9M

YoY+251.4%

QoQ+1096.4%

Madison Square Garden Sports Corp.'s EBITDA was $32.9M in Q4 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 251.4% from the same quarter a year earlier. Against the prior quarter it is up 1096.4%.

Net Income

$28.3M

YoY+1689.7%

QoQ+241.6%

5Y CAGR-10.6%

Madison Square Garden Sports Corp. reported $28.3M in net income in Q4 2026. This represents an increase of 1689.7% from the same quarter a year earlier. Against the prior quarter it is up 241.6%.

EPS (Diluted)

$1.17

YoY+1771.4%

QoQ+241.0%

5Y CAGR-10.7%

Madison Square Garden Sports Corp. earned $1.17 per diluted share (EPS) in Q4 2026. This represents an increase of 1771.4% from the same quarter a year earlier. Against the prior quarter it is up 241.0%.

Cash & Balance Sheet

Free Cash Flow

$57.6M

YoY+16.7%

QoQ+0.4%

5Y CAGR+24.8%

10Y CAGR+6.0%

Madison Square Garden Sports Corp. generated $57.6M in free cash flow in Q4 2026, representing cash available after capex. This represents an increase of 16.7% from the same quarter a year earlier. Against the prior quarter it is up 0.4%.

Cash & Debt

$164.5M

YoY+13.8%

QoQ+53.7%

5Y CAGR+20.4%

10Y CAGR-19.5%

Madison Square Garden Sports Corp. held $164.5M in cash against $242.0M in long-term debt as of Q4 2026.

Dividends Per Share

$0.00

QoQ-100.0%

Madison Square Garden Sports Corp. paid $0.00 per share in dividends in Q4 2026. Against the prior quarter it is down 100.0%.

Shares Outstanding

Not reported for Q4 2026.

Margins & Returns

Operating Margin

11.5%

YoY+22.6pp

QoQ+11.1pp

5Y change+25.7pp

Madison Square Garden Sports Corp.'s operating margin was 11.5% in Q4 2026, reflecting core business profitability. This is up 22.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.1 percentage points.

Net Margin

10.2%

YoY+11.0pp

QoQ+14.8pp

5Y change-23.6pp

Madison Square Garden Sports Corp.'s net profit margin was 10.2% in Q4 2026, showing the share of revenue converted to profit. This is up 11.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.8 percentage points.

Gross Margin

Not reported for Q4 2026.

Return on Equity

Not reported for Q4 2026.

Capital Allocation

Capital Expenditures

$36K

YoY-90.3%

QoQ-74.8%

5Y CAGR+4.4%

10Y CAGR-41.5%

Madison Square Garden Sports Corp. invested $36K in capex in Q4 2026, funding long-term assets and infrastructure. This represents a decrease of 90.3% from the same quarter a year earlier. Against the prior quarter it is down 74.8%.

R&D Spending

Not reported for Q4 2026.

Share Buybacks

Not reported for Q4 2026.

MSGS 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.

MSGS quarterly income statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Revenue	$1.2B+11.0%	$1.0B+1.2%	$1.0B+15.7%	$887.4M+8.0%	$821.4M+97.6%	$415.7M-31.1%	$603.3M-63.0%	$1.6B+4.6%	$1.6B+18.3%	$1.3B+18.2%	$1.1B+4.1%	$1.1B+17.3%	$913.6M
SG&A Expenses	$286.0M+7.5%	$266.1M+1.8%	$261.4M+4.6%	$249.9M+8.8%	$229.7M+11.1%	$206.7M-35.3%	$319.7M-2.4%	$327.4M+12.6%	$290.7M-28.6%	$407.0M+22.0%	$333.6M+40.0%	$238.3M+7.8%	$221.1M
Operating Income	$28.9M+94.9%	$14.8M-89.9%	$146.0M+71.5%	$85.2M-1.1%	$86.1M+209.7%	-$78.4M+16.4%	-$93.9M-61.3%	-$58.2M-220.1%	-$18.2M+67.7%	-$56.3M+4.0%	-$58.6M-14341.1%	-$406K+99.6%	-$114.0M
EBITDA	$32.0M+77.8%	$18.0M-87.9%	$149.2M+68.1%	$88.8M-2.6%	$91.1M+225.0%	-$72.9M-14358.1%	-$504K-100.8%	$61.0M-41.5%	$104.3M+104.2%	$51.1M+16.5%	$43.9M-59.5%	$108.4M+585.5%	-$22.3M
Interest Expense	$21.1M-2.6%	$21.7M-21.5%	$27.6M+20.6%	$22.9M+95.0%	$11.7M+11.1%	$10.6M+136.7%	$4.5M-10.2%	$5.0M+42.3%	$3.5M-16.6%	$4.2M+106.6%	$2.0M-18.8%	$2.5M+63.5%	$1.5M
Income Tax	$10.2M+97.9%	$5.2M-89.0%	$46.9M+5.9%	$44.3M+76.8%	$25.1M+134.1%	-$73.4M-456.5%	$20.6M+263.2%	-$12.6M+78.8%	-$59.4M-1248.6%	-$4.4M-1582.8%	$297K-31.9%	$436K-74.3%	$1.7M
Net Income	$7.8M+134.6%	-$22.4M-138.2%	$58.8M+23.0%	$47.8M-6.5%	$51.1M+466.4%	-$14.0M+92.3%	-$182.4M-1696.1%	$11.4M-91.9%	$141.6M+294.7%	-$72.7M+5.9%	-$77.3M-90.0%	-$40.7M+65.2%	-$116.9M
EPS (Basic)	$0.32+134.4%	-$0.93-138.0%	$2.45+28.9%	$1.90-10.0%	$2.11+463.8%	-$0.58+92.4%	-$7.62-1687.5%	$0.48-92.0%	$5.99+296.4%	-$3.05+2.2%	-$3.12-91.4%	-$1.63+65.2%	-$4.69
EPS (Diluted)	$0.32+134.4%	-$0.93-138.1%	$2.44+29.1%	$1.89-10.0%	$2.10+462.1%	-$0.58+92.4%	-$7.62-1687.5%	$0.48-91.9%	$5.94+294.8%	-$3.05+2.2%	-$3.12-91.4%	-$1.63+65.2%	-$4.69
Diluted Shares (Avg)	24M+0.7%	24M0.0%	24M-0.4%	24M-0.9%	24M+1.1%	24M+0.8%	24M+0.2%	24M+0.2%	24M0.0%	24M-3.6%	25M-0.7%	25M0.0%	25M

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Revenue	$278.7M+36.7%	$432.2M+1.9%	$403.4M+12.8%	$39.5M-26.0%	$204.0M-10.3%	$424.2M-1.3%	$357.8M+9.4%	$53.3M+23.8%
SG&A Expenses	$85.4M+20.5%	$73.7M-1.3%	$69.1M+1.7%	$57.8M+9.9%	$70.9M+6.7%	$74.7M-2.2%	$67.9M+4.4%	$52.6M-1.8%
Operating Income	$32.1M+242.4%	$2.0M-93.9%	$22.2M+66.6%	-$27.4M-231.5%	-$22.6M-143.2%	$32.3M-59.4%	$13.3M-53.8%	-$8.3M+44.2%
EBITDA	$32.9M+251.4%	$2.8M-91.7%	$23.0M+62.8%	-$26.6M-255.3%	-$21.8M-141.0%	$33.2M-58.8%	$14.1M-52.4%	-$7.5M+46.6%
Interest Expense	$4.4M-10.8%	$4.8M-3.7%	$6.2M+11.2%	$5.6M-7.7%	$5.0M-21.0%	$5.0M-27.5%	$5.6M-24.7%	$6.1M-12.6%
Income Tax	$5.4M+121.2%	$6.7M-81.9%	$6.7M+862.3%	-$8.6M-21.4%	-$25.3M-247.0%	$36.9M+8.3%	$698K-93.5%	-$7.0M+53.5%
Net Income	$28.3M+1689.7%	-$20.0M-40.5%	$8.2M+641.9%	-$8.8M-16.7%	-$1.8M-107.0%	-$14.2M-137.6%	$1.1M-92.2%	-$7.5M+59.9%
EPS (Basic)	$1.17+1771.4%	-$0.83-40.7%	$0.34+580.0%	-$0.37-19.4%	-$0.07-106.6%	-$0.59-137.3%	$0.05-91.5%	-$0.31+60.8%
EPS (Diluted)	$1.17+1771.4%	-$0.83-40.7%	$0.34+580.0%	-$0.37-19.4%	-$0.07-106.6%	-$0.59-137.6%	$0.05-91.5%	-$0.31+60.8%
Diluted Shares (Avg)	N/A	24M+0.3%	24M+0.2%	24M+0.3%	N/A	24M0.0%	24M+0.4%	24M+0.3%

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

MSGS Balance Sheet

MSGS quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Total Assets	$1.5B+4.4%	$1.5B+9.4%	$1.3B+2.4%	$1.3B+1.0%	$1.3B-0.6%	$1.3B+6.2%	$1.2B-67.2%	$3.8B+0.7%	$3.7B+0.6%	$3.7B+4.8%	$3.5B+64.9%	$2.1B	N/A
Current Assets	$323.3M+28.8%	$251.1M+15.7%	$216.9M+45.4%	$149.2M-27.3%	$205.3M+10.8%	$185.2M+44.4%	$128.3M-90.9%	$1.4B-0.2%	$1.4B-2.3%	$1.4B-9.6%	$1.6B+851.1%	$168.6M	N/A
Cash & Equivalents	$164.5M+13.8%	$144.6M+62.2%	$89.1M+120.6%	$40.4M-55.6%	$91.0M+40.2%	$64.9M-16.6%	$77.9M+1703.4%	$4.3M+294.2%	$1.1M+17.6%	$931K-99.9%	$1.4B+10063.4%	$14.2M+131.3%	$6.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0-100.0%	$108.4M	$0	$0	$0	$0	$0
Accounts Receivable	N/A	N/A	N/A	N/A	$47.2M-36.3%	$74.2M+902.3%	$7.4M-52.4%	$15.5M-84.6%	$100.7M-1.3%	$102.1M+34.3%	$76.0M+46.9%	$51.7M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$226.5M0.0%	$226.5M0.0%	$226.5M0.0%	$226.5M-0.2%	$227.0M0.0%	$227.0M0.0%	$227.0M0.0%	$227.0M-42.2%	$392.5M+3.3%	$380.1M+37.1%	$277.2M0.0%	$277.2M	N/A
Total Liabilities	$1.8B+2.7%	$1.8B+8.8%	$1.6B-2.4%	$1.7B+14.2%	$1.4B-4.3%	$1.5B+5.2%	$1.4B+35.9%	$1.1B-4.3%	$1.1B-8.8%	$1.2B+26.6%	$957.5M+3.4%	$925.7M	N/A
Current Liabilities	$642.4M+14.0%	$563.5M+8.0%	$522.0M+0.3%	$520.5M+18.8%	$438.3M+19.0%	$368.3M+26.9%	$290.3M-61.8%	$760.0M-0.7%	$765.5M+0.5%	$762.0M+23.9%	$614.8M+15.2%	$533.7M	N/A
Non-Current Liabilities	$1.2B-2.7%	$1.2B+9.2%	$1.1B-3.6%	$1.1B+12.2%	$1.0B-11.8%	$1.1B-0.3%	$1.1B+285.7%	$297.4M-12.5%	$339.9M-24.5%	$450.2M+31.4%	$342.7M-12.6%	$391.9M	N/A
Long-Term Debt	$242.0M-9.4%	$267.0M-2.9%	$275.0M-6.8%	$295.0M+34.1%	$220.0M-38.0%	$355.0M+1.4%	$350.0M	N/A	$101.3M-3.9%	$105.4M	N/A	N/A	N/A
Total Equity	-$263.3M+6.4%	-$281.4M-5.7%	-$266.3M+21.0%	-$337.2M-129.3%	-$147.1M+28.0%	-$204.3M+1.3%	-$207.0M-107.9%	$2.6B+3.3%	$2.5B+5.3%	$2.4B-6.9%	$2.6B+111.4%	$1.2B+2.7%	$1.2B
Retained Earnings	-$129.9M+5.6%	-$137.6M-19.5%	-$115.1M+33.8%	-$173.9M-387.2%	-$35.7M+54.8%	-$78.9M-80.9%	-$43.6M-250.3%	$29.0M+362.3%	-$11.1M+92.5%	-$148.4M-96.1%	-$75.7M	N/A	N/A

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Total Assets	$1.5B+4.4%	$1.5B+0.3%	$1.5B+9.4%	$1.5B+10.5%	$1.5B+9.4%	$1.5B+8.4%	$1.4B+3.2%	$1.4B+0.5%
Current Assets	$323.3M+28.8%	$295.6M-7.4%	$299.6M+0.8%	$246.7M+4.6%	$251.1M+15.7%	$319.3M+27.4%	$297.1M+37.8%	$235.8M+17.4%
Cash & Equivalents	$164.5M+13.8%	$107.0M+10.9%	$81.3M-24.6%	$48.6M-6.9%	$144.6M+62.2%	$96.5M+141.1%	$107.8M+184.6%	$52.3M+2.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$226.5M0.0%	$226.5M0.0%	$226.5M0.0%	$226.5M0.0%	$226.5M0.0%	$226.5M0.0%	$226.5M0.0%	$226.5M0.0%
Total Liabilities	$1.8B+2.7%	$1.8B+0.9%	$1.8B+8.4%	$1.8B+9.7%	$1.8B+8.8%	$1.8B+6.3%	$1.7B-1.3%	$1.7B-4.3%
Current Liabilities	$642.4M+14.0%	$637.8M+3.3%	$641.6M+6.4%	$637.3M+10.9%	$563.5M+8.0%	$617.2M+17.2%	$603.0M+7.6%	$574.7M+3.8%
Non-Current Liabilities	$1.2B-2.7%	$1.2B-0.3%	$1.2B+9.5%	$1.2B+9.1%	$1.2B+9.2%	$1.2B+1.3%	$1.1B-5.6%	$1.1B-8.1%
Long-Term Debt	$242.0M-9.4%	$242.0M-9.4%	$267.0M-2.9%	$267.0M-2.9%	$267.0M-2.9%	$267.0M-19.1%	$275.0M-16.7%	$275.0M-25.7%
Total Equity	-$263.3M+6.4%	-$295.4M-4.2%	-$282.1M-3.3%	-$294.2M-6.0%	-$281.4M-5.7%	-$283.4M+3.6%	-$273.1M+19.5%	-$277.5M+22.6%
Retained Earnings	-$129.9M+5.6%	-$158.2M-16.5%	-$138.2M-13.6%	-$146.4M-19.3%	-$137.6M-19.5%	-$135.8M+3.4%	-$121.6M+31.9%	-$122.7M+36.3%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable.

MSGS Cash Flow Statement

MSGS quarterly cash flow statement

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Operating Cash Flow	$62.7M-31.6%	$91.6M-0.6%	$92.1M-39.6%	$152.5M-14.4%	$178.1M+604.0%	-$35.3M-1090.1%	$3.6M-97.8%	$161.3M-25.9%	$217.6M-2.6%	$223.5M+77.7%	$125.8M+81.4%	$69.4M-49.4%	$137.1M
Depreciation & Amortization	$3.2M-1.2%	$3.2M+1.7%	$3.2M-11.5%	$3.6M-29.1%	$5.0M-9.5%	$5.6M-94.0%	$93.4M-21.7%	$119.2M-2.7%	$122.5M+14.1%	$107.4M+4.8%	$102.5M-5.8%	$108.8M+18.6%	$91.7M
Stock-Based Compensation	$21.5M+20.0%	$17.9M-15.8%	$21.3M-15.5%	$25.2M+4.0%	$24.2M-20.3%	$30.4M-46.6%	$57.0M-4.2%	$59.5M+25.0%	$47.6M+15.6%	$41.1M+68.0%	$24.5M+137.5%	$10.3M-24.8%	$13.7M
Capital Expenditures	$1.4M-61.1%	$3.6M+149.6%	$1.5M+22.9%	$1.2M+26.7%	$932K+100.0%	$466K-99.9%	$362.5M+92.0%	$188.8M-1.6%	$191.9M+334.0%	$44.2M-38.3%	$71.7M+11.9%	$64.1M-79.0%	$304.9M
Free Cash Flow	$61.3M-30.4%	$88.0M-3.0%	$90.7M-40.1%	$151.3M-14.6%	$177.1M+594.9%	-$35.8M+90.0%	-$358.9M-1201.3%	-$27.6M-207.3%	$25.7M-85.7%	$179.3M+231.6%	$54.1M+926.2%	$5.3M+103.1%	-$167.8M
Investing Cash Flow	-$2.2M+68.1%	-$6.9M+22.2%	-$8.9M+49.9%	-$17.8M-505.7%	-$2.9M-529.2%	-$466K+99.9%	-$514.9M-121.1%	-$232.9M-27.7%	-$182.4M+31.0%	-$264.3M-128.5%	-$115.7M-12.7%	-$102.7M	N/A
Financing Cash Flow	-$49.1M-86.1%	-$26.4M+8.3%	-$28.8M+84.5%	-$185.3M-18.7%	-$156.1M-1010.2%	$17.2M+103.3%	-$520.6M-625.6%	-$71.7M-40.4%	-$51.1M+67.8%	-$158.5M-111.2%	$1.4B+3332.3%	$41.4M	N/A
Dividends Paid	$472K-25.4%	$633K-9.7%	$701K-99.6%	$170.9M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$11.8M-92.0%	$148.0M+39.9%	$105.7M	N/A	N/A

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Cash Flow	$57.7M+15.9%	$57.5M+818.4%	$32.4M-47.5%	-$85.0M-224.8%	$49.7M-54.1%	$6.3M+55.1%	$61.8M+82.3%	-$26.2M+51.7%
Depreciation & Amortization	$788K-4.1%	$790K-4.0%	$790K-0.1%	$811K+3.7%	$822K+3.8%	$823K+4.4%	$791K+0.1%	$782K-1.5%
Stock-Based Compensation	N/A	$6.6M+69.6%	$6.2M+3.3%	$4.8M+13.5%	N/A	$3.9M-46.9%	$6.0M-8.8%	$4.3M+2.9%
Capital Expenditures	$36K-90.3%	$143K-93.9%	$857K+60.8%	$371K+3.3%	$373K+1.6%	$2.4M+2406.4%	$533K-11.0%	$359K-8.2%
Free Cash Flow	$57.6M+16.7%	$57.4M+1368.6%	$31.6M-48.4%	-$85.3M-221.8%	$49.4M-54.3%	$3.9M-0.9%	$61.2M+84.0%	-$26.5M+51.4%
Investing Cash Flow	-$179K+88.6%	$716K+123.5%	-$895K+21.4%	-$1.8M-58.9%	-$1.6M+51.0%	-$3.0M-575.6%	-$1.1M+67.5%	-$1.2M+32.7%
Financing Cash Flow	$0	-$32.5M-131.6%	-$7.5M-162.1%	-$9.1M+4.1%	$0+100.0%	-$14.0M-41173.5%	-$2.9M+93.1%	-$9.5M-114.0%
Dividends Paid	$0	$0-100.0%	$132K-17.5%	$340K-22.7%	$0-100.0%	$33K-2.9%	$160K+44.1%	$440K-18.1%

Not reported in any period shown, so not listed: Share Buybacks.

MSGS 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.

MSGS quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Operating Margin	2.5%+1.1pp	1.4%-12.8pp	14.2%+4.6pp	9.6%-0.9pp	10.5%+29.3pp	-18.9%-3.3pp	-15.6%-12.0pp	-3.6%-2.4pp	-1.2%+3.1pp	-4.3%+1.0pp	-5.3%-5.2pp	0.0%+12.4pp	-12.5%
Net Margin	0.7%+2.8pp	-2.2%-7.9pp	5.7%+0.3pp	5.4%-0.8pp	6.2%+9.6pp	-3.4%+26.9pp	-30.2%-30.9pp	0.7%-8.4pp	9.1%+14.6pp	-5.5%+1.4pp	-6.9%-3.1pp	-3.8%+9.0pp	-12.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.4%-5.1pp	5.6%+8.6pp	-3.0%0.0pp	-3.0%+0.3pp	-3.3%+6.5pp	-9.8%
Return on Assets	0.5%+2.0pp	-1.5%-5.9pp	4.4%+0.7pp	3.6%-0.3pp	3.9%+5.0pp	-1.1%+13.7pp	-14.8%-15.1pp	0.3%-3.5pp	3.8%+5.8pp	-2.0%+0.2pp	-2.2%-0.3pp	-1.9%	N/A
Current Ratio	0.50+0.1x	0.450.0x	0.42+0.1x	0.29-0.2x	0.470.0x	0.50+0.1x	0.44-1.4x	1.860.0x	1.85-0.1x	1.90-0.7x	2.61+2.3x	0.32	N/A
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.40+0.4x	0.040.0x	0.04-0.3x	0.37-0.4x	0.76	N/A
Asset Turnover	0.750.0x	0.71-0.1x	0.76+0.1x	0.670.0x	0.63+0.3x	0.32-0.2x	0.49+0.1x	0.430.0x	0.42+0.1x	0.360.0x	0.31-0.2x	0.50	N/A
FCF Margin	5.3%-3.2pp	8.5%-0.4pp	8.8%-8.2pp	17.1%-4.5pp	21.6%+30.2pp	-8.6%+50.9pp	-59.5%-57.8pp	-1.7%-3.3pp	1.7%-12.0pp	13.6%+8.8pp	4.9%+4.4pp	0.5%+18.9pp	-18.4%

Metric	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q
Operating Margin	11.5%+22.6pp	0.4%-7.2pp	5.5%+1.8pp	-69.5%-54.0pp	-11.1%-34.1pp	7.6%-10.9pp	3.7%-5.1pp	-15.5%+18.9pp
Net Margin	10.2%+11.0pp	-4.6%-1.3pp	2.0%+1.7pp	-22.3%-8.2pp	-0.9%-12.1pp	-3.4%-12.2pp	0.3%-4.0pp	-14.1%+29.6pp
Return on Assets	1.8%+2.0pp	-1.3%-0.4pp	0.5%+0.4pp	-0.6%0.0pp	-0.1%-2.0pp	-0.9%-3.7pp	0.1%-1.0pp	-0.5%+0.8pp
Current Ratio	0.50+0.1x	0.46-0.1x	0.470.0x	0.390.0x	0.450.0x	0.520.0x	0.49+0.1x	0.410.0x
Asset Turnover	0.180.0x	0.290.0x	0.260.0x	0.030.0x	0.140.0x	0.280.0x	0.250.0x	0.040.0x
FCF Margin	20.7%-3.5pp	13.3%+12.4pp	7.8%-9.3pp	-216.3%	24.2%-23.3pp	0.9%0.0pp	17.1%+6.9pp	-49.7%

Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Note: Shareholder equity is negative (-$263.3M), 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 (0.50), 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 Garden Sports Corp. MSGS	FY2026	$1.2B	$7.8M	0.7%	$9.6B	40/100
Atlanta Braves Holdings, Inc. Series A BATRA	FY2025	$732.5M	-$23.4M	-3.2%	$3.7B	26/100
Atlanta Braves Holdings, Inc. Series C BATRK	FY2025	$732.5M	-$23.4M	-3.2%	$3.4B	26/100
Sirius XM Holdings, Inc SIRI	FY2025	$8.6B	$805.0M	9.4%	$8.7B	34/100

Where Madison Square Garden Sports Corp. Ranks

Frequently Asked Questions

What is Madison Square Garden Sports Corp.'s annual revenue?

Madison Square Garden Sports Corp. (MSGS) reported $1.2B in total revenue for fiscal year 2026. This represents a 11.0% 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 Garden Sports Corp.'s revenue growing?

Madison Square Garden Sports Corp. (MSGS) revenue grew by 11.0% year-over-year, from $1.0B to $1.2B in fiscal year 2026.

Is Madison Square Garden Sports Corp. profitable?

Yes, Madison Square Garden Sports Corp. (MSGS) reported a net income of $7.8M in fiscal year 2026, with a net profit margin of 0.7%.

What is Madison Square Garden Sports Corp.'s EBITDA?

Madison Square Garden Sports Corp. (MSGS) had EBITDA of $32.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Madison Square Garden Sports Corp. have?

As of fiscal year 2026, Madison Square Garden Sports Corp. (MSGS) had $164.5M in cash and equivalents against $242.0M in long-term debt.

What is Madison Square Garden Sports Corp.'s operating margin?

Madison Square Garden Sports Corp. (MSGS) had an operating margin of 2.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Madison Square Garden Sports Corp.'s net profit margin?

Madison Square Garden Sports Corp. (MSGS) had a net profit margin of 0.7% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does Madison Square Garden Sports Corp. pay dividends?

Yes, Madison Square Garden Sports Corp. (MSGS) paid $7.00 per share in dividends during fiscal year 2026.

What is Madison Square Garden Sports Corp.'s free cash flow?

Madison Square Garden Sports Corp. (MSGS) generated $61.3M in free cash flow during fiscal year 2026. This represents a -30.4% 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 Garden Sports Corp.'s operating cash flow?

Madison Square Garden Sports Corp. (MSGS) generated $62.7M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Madison Square Garden Sports Corp.'s total assets?

Madison Square Garden Sports Corp. (MSGS) had $1.5B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Madison Square Garden Sports Corp.'s capital expenditures?

Madison Square Garden Sports Corp. (MSGS) invested $1.4M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

What is Madison Square Garden Sports Corp.'s current ratio?

Madison Square Garden Sports Corp. (MSGS) had a current ratio of 0.50 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

What is Madison Square Garden Sports Corp.'s return on assets (ROA)?

Madison Square Garden Sports Corp. (MSGS) had a return on assets of 0.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Madison Square Garden Sports Corp.'s P/E ratio?

Madison Square Garden Sports Corp. (MSGS) has no price-to-earnings ratio at the moment: outside the range published as a multiple (on $7.8M net income, FY2026). The market capitalization is $9.6B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Madison Square Garden Sports Corp.'s price-to-sales ratio?

Madison Square Garden Sports Corp. (MSGS) trades at 8.3x sales, its market capitalization divided by revenue of $1.2B revenue, FY2026. The market capitalization is $9.6B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is Madison Square Garden Sports Corp.'s debt-to-equity ratio negative or not reported?

Madison Square Garden Sports Corp. (MSGS) has negative shareholder equity of -$263.3M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Garden Sports Corp.'s Altman Z-Score?

Madison Square Garden Sports Corp. (MSGS) has an Altman Z-Score of 3.65, 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 Garden Sports Corp.'s Piotroski F-Score?

Madison Square Garden Sports Corp. (MSGS) has a Piotroski F-Score of 7 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.

Are Madison Square Garden Sports Corp.'s earnings high quality?

Madison Square Garden Sports Corp. (MSGS) has an earnings quality ratio of 8.08x, 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.

Can Madison Square Garden Sports Corp. cover its interest payments?

Madison Square Garden Sports Corp. (MSGS) has an interest coverage ratio of 1.37x, 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 Garden Sports Corp.?

Madison Square Garden Sports Corp. (MSGS) scores 40 out of 100 on our Financial Health Score, indicating moderate 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.