Madison Square Grdn Sprt Corp Financials
Madison Square Grdn Sprt 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).
Revenue growth is being absorbed by overhead, while cash generation persists on a balance sheet with limited liquidity flexibility.
FY2026 revenue reached$1.15B , but operating margin was only2.5% , indicating the latest top-line scale is not dropping through to operating profit. Operating cash flow of$62.7M was far above net income of$7.8M while nearly matching free cash flow, so reported earnings understate cash generation and reinvestment needs are light.
Cost structure is the swing factor: SG&A reached
Liabilities exceeded assets by
Financial Health Signals
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 Sprt 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.
Madison Square Grdn Sprt 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 51/100, indicating healthy but not exceptional operating efficiency. This is up from 1.4% the prior year.
Madison Square Grdn Sprt 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.
Madison Square Grdn Sprt Corp's current ratio of 0.50 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Madison Square Grdn Sprt Corp has a free cash flow margin of 5.3%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.
Madison Square Grdn Sprt Corp scores 3.71, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($9.8B) 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.
Madison Square Grdn Sprt 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.
For every $1 of reported earnings, Madison Square Grdn Sprt 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.
Madison Square Grdn Sprt 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
Earnings & Revenue
Madison Square Grdn Sprt Corp generated $1.2B in revenue in fiscal year 2026. This represents an increase of 11.0% from the prior year.
Madison Square Grdn Sprt Corp's EBITDA was $32.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 77.8% from the prior year.
Madison Square Grdn Sprt Corp reported $7.8M in net income in fiscal year 2026. This represents an increase of 134.6% from the prior year.
Madison Square Grdn Sprt Corp earned $0.32 per diluted share (EPS) in fiscal year 2026. This represents an increase of 134.4% from the prior year.
Cash & Balance Sheet
Madison Square Grdn Sprt Corp generated $61.3M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 30.4% from the prior year.
Madison Square Grdn Sprt Corp held $164.5M in cash against $242.0M in long-term debt as of fiscal year 2026.
Madison Square Grdn Sprt Corp paid $7.00 per share in dividends in fiscal year 2026. That is unchanged from the prior year.
Margins & Returns
Madison Square Grdn Sprt Corp's operating margin was 2.5% in fiscal year 2026, reflecting core business profitability. This is up 1.1 percentage points from the prior year.
Madison Square Grdn Sprt Corp's net profit margin was 0.7% in fiscal year 2026, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Capital Allocation
Madison Square Grdn Sprt Corp invested $1.4M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 61.1% from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 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.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 (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 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
MSGS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
Not reported in any period shown, so not listed: Inventory.
MSGS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
MSGS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
Not reported in any period shown, so not listed: Gross 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.
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Where Madison Square Grdn Sprt Corp Ranks
Frequently Asked Questions
What is Madison Square Grdn Sprt Corp's annual revenue?
Madison Square Grdn Sprt 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 Grdn Sprt Corp's revenue growing?
Madison Square Grdn Sprt Corp (MSGS) revenue grew by 11.0% year-over-year, from $1.0B to $1.2B in fiscal year 2026.
Is Madison Square Grdn Sprt Corp profitable?
Yes, Madison Square Grdn Sprt 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 Grdn Sprt Corp's EBITDA?
Madison Square Grdn Sprt 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 Grdn Sprt Corp have?
As of fiscal year 2026, Madison Square Grdn Sprt Corp (MSGS) had $164.5M in cash and equivalents against $242.0M 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 2.5% in fiscal year 2026, 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 0.7% in fiscal year 2026, 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 2026.
What is Madison Square Grdn Sprt Corp's free cash flow?
Madison Square Grdn Sprt 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 Grdn Sprt Corp's operating cash flow?
Madison Square Grdn Sprt Corp (MSGS) generated $62.7M in operating cash flow during fiscal year 2026, 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 2026, including both current and long-term assets.
What are Madison Square Grdn Sprt Corp's capital expenditures?
Madison Square Grdn Sprt Corp (MSGS) invested $1.4M in capital expenditures during fiscal year 2026, 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 0.50 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Madison Square Grdn Sprt Corp's return on assets (ROA)?
Madison Square Grdn Sprt 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.
Why is Madison Square Grdn Sprt Corp's debt-to-equity ratio negative or not reported?
Madison Square Grdn Sprt 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 Grdn Sprt Corp's Altman Z-Score?
Madison Square Grdn Sprt Corp (MSGS) has an Altman Z-Score of 3.71, 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 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 Grdn Sprt Corp's earnings high quality?
Madison Square Grdn Sprt 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 Grdn Sprt Corp cover its interest payments?
Madison Square Grdn Sprt 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 Grdn Sprt Corp?
Madison Square Grdn Sprt 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.