Madison Square Garden Entertainment
MSGE
82.00
+2.01
+2.51%
Madison Square Garden Entertainment
US · MSGE
#2327 by market cap
Listed 2020
82.00
+2.01
+2.51%
Live - 5344 symbols - heartbeat 1s ago
· 2026-10-08 06:33
Pre-market
81.82
-0.22%
After-hours
82.00
0.00%
- Market cap
- 3.88B
- P/E (TTM)i
- 59.42
- P/Bi
- 84.71
- EPSi
- 1.38
- Div yieldi
- 0.00%
- 52W posi
- 83%
Reader sentiment
Are you bullish or bearish on MSGE?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.09, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 7 years
Latest year +12.52% YoY
Margins
- Gross margin
- 45.11%
- Operating margin
- 15.96%
- Net margin
- 6.24%
Key ratios & quality
- Enterprise valuei
- 4.20B
- Altman Z-Scorei
- 2.09
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | -- | 81.81M | 653.49M | 851.50M | 959.27M | 942.73M | 1.06B |
| Gross profit | 204.08M | -14.42M | 236.19M | 351.57M | 390.43M | 407.09M | 478.49M |
| Selling & admin expenses | 137.94M | 136.60M | 167.13M | 180.22M | 206.96M | 214.97M | 253.11M |
| Research & development | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -15.45M | -222.60M | -477.00K | 115.25M | 129.59M | 134.35M | 169.30M |
| Pretax profit | 270.84M | -213.96M | -136.27M | 77.77M | 52.29M | 65.56M | 106.98M |
| Tax | 100.18M | 5.35M | -70.00K | 1.73M | -92.01M | 28.13M | 40.79M |
| Net profit | 170.66M | -219.31M | -136.20M | 76.04M | 144.30M | 37.43M | 66.19M |
| Basic EPS | 3 | -4 | -3 | 1 | 3 | 1 | 1 |
| Diluted EPS | 3.36 | -4.28 | -2.61 | 1.47 | 2.97 | 0.77 | 1.38 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 242.47M | 154.14M | 158.26M | 459.94M | 246.26M | 196.32M |
| Gross profit | 103.60M | 52.15M | 55.89M | 247.28M | 99.47M | 75.84M |
| Selling & admin expenses | 52.11M | 59.93M | 56.59M | 68.36M | 60.96M | 67.21M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 37.11M | -23.21M | -14.77M | 164.94M | 24.72M | -5.59M |
| Pretax profit | 15.29M | -42.17M | -40.42M | 153.53M | 8.23M | -14.36M |
| Tax | 7.25M | -14.99M | -18.77M | 60.82M | 3.12M | -4.38M |
| Net profit | 8.04M | -27.18M | -21.65M | 92.72M | 5.11M | -9.99M |
| Basic EPS | 0 | -1 | 0 | 2 | 0 | 0 |
| Diluted EPS | 0.17 | -0.57 | -0.46 | 1.94 | 0.11 | -0.21 |
Balance sheet
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Total current assets | -- | 544.82M | 341.45M | 295.28M | 219.08M | 237.13M | 522.15M |
| Cash & ST investments | -- | 317.82M | 58.10M | 76.09M | 33.26M | 43.02M | 293.60M |
| Inventory | -- | 2.23M | 2.75M | 2.56M | 3.87M | 3.75M | 3.75M |
| Total assets | -- | 1.70B | 1.53B | 1.40B | 1.55B | 1.67B | 1.94B |
| Total current liabilities | -- | 429.25M | 545.09M | 540.64M | 505.82M | 502.40M | 748.25M |
| Short-term debt | -- | 47.43M | 47.77M | 52.78M | 43.99M | 65.57M | 74.93M |
| Long-term debt | -- | 611.29M | 654.91M | 630.18M | 599.25M | 568.78M | 540.33M |
| Total liabilities | -- | 1,198,637,000.00 | 1,528,290,000.00 | 1,470,629,000.00 | 1,575,872,000.00 | 1,683,142,000.00 | 1,889,469,000.00 |
| Total equity | -- | 498.65M | -1.59M | -69.47M | -23.17M | -13.30M | 45.78M |
| Retained earnings | -- | -- | 0 | -28.70M | 115.60M | 153.03M | 219.22M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 307.59M | 237.13M | 264.22M | 420.15M | 538.63M | 522.15M |
| Cash & ST investments | 88.95M | 43.02M | 29.95M | 157.06M | 323.09M | 293.60M |
| Inventory | 4.07M | 3.75M | 4.61M | 3.77M | 3.05M | 3.75M |
| Total assets | 1.74B | 1.67B | 1.68B | 1.82B | 1.96B | 1.94B |
| Total current liabilities | 537.57M | 502.40M | 547.66M | 618.49M | 753.21M | 748.25M |
| Short-term debt | 57.42M | 65.57M | 62.78M | 71.68M | 74.81M | 74.93M |
| Long-term debt | 577.41M | 568.78M | 581.68M | 554.57M | 547.45M | 540.33M |
| Total liabilities | 1,729,886,000.00 | 1,683,142,000.00 | 1,745,625,000.00 | 1,787,372,000.00 | 1,909,268,000.00 | 1,889,469,000.00 |
| Total equity | 9.53M | -13.30M | -65.80M | 36.01M | 48.01M | 45.78M |
| Retained earnings | 180.21M | 153.03M | 131.38M | 224.10M | 229.21M | 219.22M |
Cash flow
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 31.53M | -148.12M | 95.35M | 135.69M | 111.27M | 115.30M | 351.44M |
| Depreciation & amortization | 88.13M | 71.58M | 69.53M | 60.46M | 53.88M | 57.77M | 56.07M |
| Free cash flow | 1.88M | -158.43M | 79.55M | 120.51M | 87.09M | 93.08M | 323.09M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | 0 | 0 | -25.00M | -50.87M | -39.69M | -25.00M |
| Ending cash balance | 3.04M | 318.07M | 62.57M | 84.36M | 33.56M | 43.54M | 294.16M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 56.81M | -27.01M | 19.81M | 164.39M | 183.86M | -16.62M |
| Depreciation & amortization | 14.37M | 15.43M | 14.07M | 13.98M | 13.79M | 14.22M |
| Free cash flow | 53.85M | -31.08M | 13.86M | 156.06M | 173.90M | -20.72M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -14.69M | 0 | -25.00M | 0 | 0 | 0 |
| Ending cash balance | 89.47M | 43.54M | 30.47M | 157.58M | 323.65M | 294.16M |
Returns & efficiency
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| ROE %i | -- | -44.08 | -80.89 | -- | -- | -- | 407.54 |
| ROA %i | -- | -12.88 | -12.40 | 5.23 | 9.77 | 2.32 | 3.67 |
| ROIC %i | -- | -16.13 | -13.89 | -- | -- | -- | 7.23 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 46.40 | -220.29 | -22.92 | 15.23 | 11.49 | 12.31 | 13.85 |
| FCF / sales %i | 0.32 | -- | 12.17 | 14.15 | 9.08 | 9.87 | 30.46 |
| Current ratioi | -- | 1.27 | 0.63 | 0.55 | 0.43 | 0.47 | 0.70 |
| Quick ratioi | -- | 1.14 | 0.48 | 0.41 | 0.27 | 0.28 | 0.56 |
| Debt / assetsi | -- | 43.36 | 62.67 | 64.44 | 68.93 | 71.91 | 60.73 |
| LT debt / equityi | -- | 138.84 | -- | -- | -- | -- | 2,403.69 |
| Interest coveragei | 638.27 | -5.34 | -2.82 | 2.50 | 1.90 | 2.30 | 3.68 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 13.36 | 127.18 | 12.99 | 7.60 |
| Net income CAGR (3Y) %i | -- | -- | -- | -23.60 | -- | -- | -4.75 |
| FCF CAGR (3Y) %i | -- | -- | -- | 299.92 | -- | 5.37 | 38.92 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -- | 224.08 | 170.32 | 407.54 |
| ROA %i | 8.23 | 2.32 | 2.13 | 3.04 | 2.65 | 3.67 |
| ROIC %i | -- | -- | -- | 6.63 | 5.93 | 7.23 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 13.88 | 12.31 | 10.97 | 12.93 | 11.95 | 13.85 |
| FCF / sales %i | 12.29 | 9.87 | 14.57 | 18.99 | 30.70 | 30.46 |
| Current ratioi | 0.57 | 0.47 | 0.48 | 0.68 | 0.72 | 0.70 |
| Quick ratioi | 0.40 | 0.28 | 0.26 | 0.52 | 0.60 | 0.56 |
| Debt / assetsi | 69.25 | 71.91 | 72.34 | 65.56 | 60.66 | 60.73 |
| LT debt / equityi | 12,042.54 | -- | -- | 3,120.57 | 2,317.23 | 2,403.69 |
| Interest coveragei | 2.55 | 2.30 | 2.22 | 2.92 | 2.86 | 3.68 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Ticketing and venue license fee revenues is the largest reported line at 49.81% of revenue, across 5 reported segments.
- Sponsorship and signage, suite license, and advertising commission revenues follows at 25.97%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Ticketing and venue license fee revenues49.81%
Sponsorship and signage, suite license, and advertising commission revenues25.97%
Food, beverage, and merchandise revenues15.50%
Arena license fees and other leasing revenue8.13%
Other0.59%
Region
United States100.00%
Quote time 2026-10-08 06:33:48 · For reference only, not investment advice and not tailored to your situation.