NYSE : MSGE
Madison Square Garden Entertainment Corp. — Financial statements
Consumer Discretionary · Leisure · United States
Last price 81.08 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.84B
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Financial statements
Madison Square Garden Entertainment Corp. (MSGE) reported revenue of 1.06B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.06B | 1.06B | 942.73M | 959.26M | 851.50M | 653.49M |
| Cost of Revenue | 558.63M | 558.63M | 512.51M | 547.05M | 478.85M | 394.79M |
| Gross Profit | 502.16M | 502.16M | 430.22M | 412.22M | 372.64M | 258.70M |
| Selling, General & Admin | 278.54M | 278.54M | 240.66M | 232.19M | 204.71M | 188.79M |
| Operating Expenses | 334.61M | 334.61M | 298.43M | 286.07M | 265.17M | 258.33M |
| Operating Income | 167.55M | 167.55M | 131.79M | 126.15M | 107.47M | 369.00K |
| Interest Expense | -39.96M | -39.96M | -50.51M | -57.95M | -51.87M | -53.11M |
| Interest & Investment Income | 6.20M | 6.20M | 2.33M | 2.98M | 7.24M | 7.15M |
| Other Non Operating Income (Expenses) | 97.00K | 97.00K | 210.00K | 12.00K | 945.00K | -37.00K |
| EBT Excluding Unusual Items | 133.88M | 133.88M | 83.82M | 71.18M | 63.79M | -45.63M |
| Merger & Restructuring Charges | -13.99M | -13.99M | -1.05M | -17.65M | -10.24M | -5.17M |
| Gain (Loss) on Sale of Investments | 862.00K | 862.00K | 127.00K | -1.24M | 19.86M | -49.84M |
| Gain (Loss) on Sale of Assets | 4.36M | |||||
| Asset Writedown | -13.78M | -13.78M | -11.20M | |||
| Other Unusual Items | -6.13M | -35.63M | ||||
| Pretax Income | 106.98M | 106.98M | 65.56M | 52.29M | 77.77M | -136.27M |
| Income Tax Expense | 40.79M | 40.79M | 28.13M | -92.01M | 1.73M | -70.00K |
| Earnings From Continuing Operations | 66.19M | 66.19M | 37.43M | 144.30M | 76.04M | -136.20M |
| Minority Interest in Earnings | 553.00K | 2.86M | ||||
| Net Income | 66.19M | 66.19M | 37.43M | 144.30M | 76.60M | -133.34M |
| Net Income to Common | 66.19M | 66.19M | 37.43M | 144.30M | 76.60M | -133.34M |
| Shares Outstanding (Basic) | 47.46M | 47.46M | 48.03M | 48.27M | 51.82M | 51.77M |
| Shares Outstanding (Diluted) | 48.00M | 48.00M | 48.33M | 48.59M | 52.28M | 51.77M |
| EPS (Basic) | 1.39 | 1.39 | 0.78 | 2.99 | 1.48 | -2.58 |
| EPS (Diluted) | 1.38 | 1.38 | 0.77 | 2.97 | 1.47 | -2.58 |
| Free Cash Flow | 323.09M | 323.09M | 93.08M | 87.08M | 120.51M | 79.55M |
| Free Cash Flow Per Share | 6.73 | 6.73 | 1.93 | 1.79 | 2.31 | 1.54 |
| Gross Margin | 47.34% | 47.34% | 45.64% | 42.97% | 43.76% | 39.59% |
| Operating Margin | 15.79% | 15.79% | 13.98% | 13.15% | 12.62% | 0.06% |
| Profit Margin | 6.24% | 6.24% | 3.97% | 15.04% | 9.00% | -20.40% |
| Free Cash Flow Margin | 30.46% | 30.46% | 9.87% | 9.08% | 14.15% | 12.17% |
| EBITDA | 223.62M | 223.62M | 189.56M | 180.02M | 167.94M | 69.90M |
| EBITDA Margin | 21.08% | 21.08% | 20.11% | 18.77% | 19.72% | 10.70% |
| D&A For EBITDA | 56.07M | 56.07M | 57.77M | 53.88M | 60.46M | 69.53M |
| EBIT | 167.55M | 167.55M | 131.79M | 126.15M | 107.47M | 369.00K |
| EBIT Margin | 15.79% | 15.79% | 13.98% | 13.15% | 12.62% | 0.06% |
| Effective Tax Rate | 38.13% | 38.13% | 42.91% | 2.22% | ||
| Revenue as Reported | 1.06B | 1.06B | 942.73M | 959.26M | 851.50M | 653.49M |
| Advertising Expenses | 9.34M | 9.34M | 10.40M | 11.03M | 8.83M | 8.00M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 293.60M | 293.60M | 43.02M | 33.26M | 76.09M | 58.10M |
| Cash & Short-Term Investments | 293.60M | 293.60M | 43.02M | 33.26M | 76.09M | 58.10M |
| Receivables | 124.53M | 124.53M | 96.92M | 102.57M | 144.62M | 204.94M |
| Inventory | 3.75M | 3.75M | 3.75M | 3.87M | 2.56M | 2.75M |
| Prepaid Expenses | 95.22M | 95.22M | 88.98M | 73.96M | 58.59M | 65.06M |
| Restricted Cash | 559.00K | 559.00K | 521.00K | 300.00K | 8.27M | 4.47M |
| Other Current Assets | 4.49M | 4.49M | 3.94M | 5.13M | 5.16M | 6.12M |
| Total Current Assets | 522.15M | 522.15M | 237.13M | 219.08M | 295.28M | 341.45M |
| Property, Plant & Equipment | 1.04B | 1.04B | 1.11B | 1.02B | 864.68M | 967.23M |
| Long-Term Investments | 8.78M | 8.78M | 7.09M | 6.32M | 35.07M | 36.42M |
| Goodwill | 69.04M | 69.04M | 69.04M | 69.04M | 69.04M | 69.04M |
| Other Intangible Assets | 63.80M | 63.80M | 63.80M | 63.80M | 63.80M | 65.44M |
| Long-Term Accounts Receivable | 160.79M | 160.79M | 125.53M | 98.47M | 67.33M | 40.78M |
| Long-Term Deferred Tax Assets | 53.48M | 53.48M | 54.07M | 68.31M | ||
| Long-Term Deferred Charges | 11.04M | 11.04M | 5.68M | 3.65M | 4.12M | 3.69M |
| Other Long-Term Assets | 5.58M | 5.58M | 1.88M | 1.84M | 1.84M | 2.64M |
| Total Assets | 1.94B | 1.94B | 1.67B | 1.55B | 1.40B | 1.53B |
| Accounts Payable | 26.99M | 26.99M | 12.10M | 26.59M | 15.63M | 11.24M |
| Accrued Expenses | 108.43M | 108.43M | 95.80M | 109.46M | 108.56M | 132.29M |
| Current Portion of Long-Term Debt | 30.47M | 30.47M | 30.47M | 16.25M | 16.25M | 8.76M |
| Current Portion of Leases | 44.46M | 44.46M | 35.10M | 27.74M | 36.53M | 39.01M |
| Current Unearned Revenue | 284.64M | 284.64M | 228.64M | 215.58M | 225.85M | 202.68M |
| Other Current Liabilities | 253.26M | 253.26M | 100.28M | 110.20M | 137.82M | 151.11M |
| Total Current Liabilities | 748.25M | 748.25M | 502.40M | 505.82M | 540.64M | 545.09M |
| Long-Term Debt | 540.33M | 540.33M | 568.78M | 599.25M | 630.18M | 654.91M |
| Long-Term Leases | 560.10M | 560.10M | 566.48M | 427.01M | 219.96M | 254.11M |
| Pension & Post-Retirement Benefits | 9.10M | 9.10M | 12.95M | 17.88M | 30.42M | |
| Long-Term Deferred Tax Liabilities | 23.52M | 23.25M | ||||
| Other Long-Term Liabilities | 31.69M | 31.69M | 32.53M | 25.90M | 25.91M | 50.92M |
| Total Liabilities | 1.89B | 1.89B | 1.68B | 1.58B | 1.47B | 1.53B |
| Common Stock | 534.00K | 534.00K | 530.00K | 525.00K | 519.00K | |
| Additional Paid-In Capital | 61.88M | 61.88M | 44.84M | 33.48M | 17.73M | |
| Retained Earnings | 219.22M | 219.22M | 153.03M | 115.60M | -28.70M | |
| Treasury Stock | -205.20M | -205.20M | -180.20M | -140.51M | -25.00M | |
| Comprehensive Income & Other | -30.65M | -30.65M | -31.50M | -32.26M | -34.02M | -1.48M |
| Total Common Equity | 45.78M | 45.78M | -13.30M | -23.16M | -69.47M | -1.48M |
| Minority Interest | -114.00K | |||||
| Shareholders' Equity | 45.78M | 45.78M | -13.30M | -23.16M | -69.47M | -1.59M |
| Total Liabilities & Equity | 1.94B | 1.94B | 1.67B | 1.55B | 1.40B | 1.53B |
| Total Debt | 1.18B | 1.18B | 1.20B | 1.07B | 902.92M | 956.79M |
| Net Cash (Debt) | -881.77M | -881.77M | -1.16B | -1.04B | -826.83M | -898.69M |
| Net Cash Per Share | -18.37 | -18.37 | -23.96 | -21.34 | -15.82 | -17.36 |
| Filing Date Shares Outstanding | 47.31M | 47.31M | 47.46M | 48.06M | 51.05M | 34.23M |
| Total Common Shares Outstanding | 47.31M | 47.31M | 47.46M | 48.06M | 51.05M | 34.23M |
| Working Capital | -226.10M | -226.10M | -265.27M | -286.74M | -245.36M | -203.64M |
| Book Value Per Share | 0.97 | 0.97 | -0.28 | -0.48 | -1.36 | -0.04 |
| Tangible Book Value | -87.06M | -87.06M | -146.14M | -156.01M | -202.31M | -135.96M |
| Tangible Book Value Per Share | -1.84 | -1.84 | -3.08 | -3.25 | -3.96 | -3.97 |
| Land | 62.77M | 62.77M | 62.77M | 62.77M | 62.77M | 62.77M |
| Buildings | 1.02B | 1.02B | 1.01B | 1.01B | 999.21M | 995.97M |
| Machinery | 348.44M | 348.44M | 340.41M | 348.07M | 351.60M | 390.81M |
| Construction In Progress | 5.98M | 5.98M | 6.07M | 10.19M | 2.83M | 3.14M |
| Leasehold Improvements | 99.36M | 99.36M | 163.34M | 133.27M | 105.88M | 105.88M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 66.19M | 66.19M | 37.43M | 144.30M | 76.60M | -133.34M |
| Depreciation & Amortization | 56.07M | 56.07M | 57.77M | 53.88M | 60.46M | 69.53M |
| Other Amortization | 2.02M | 2.02M | 3.34M | 3.35M | 3.22M | 6.78M |
| Asset Writedown & Restructuring Costs | 13.78M | 13.78M | 11.20M | |||
| Loss (Gain) From Sale of Investments | -16.05M | 49.84M | ||||
| Stock-Based Compensation | 32.44M | 32.44M | 27.69M | 31.17M | 31.81M | 39.36M |
| Other Operating Activities | 136.00K | 136.00K | 21.73M | -89.91M | -7.30M | 29.57M |
| Change in Accounts Receivable | -22.08M | -22.08M | 9.59M | -13.94M | 38.84M | -34.86M |
| Change in Accounts Payable | 140.62M | 140.62M | -47.14M | -55.73M | -696.00K | 87.56M |
| Change in Unearned Revenue | 54.53M | 54.53M | 20.45M | -10.27M | 24.25M | 4.17M |
| Change in Other Net Operating Assets | 7.73M | 7.73M | -26.77M | 48.43M | -75.45M | -23.27M |
| Operating Cash Flow | 351.44M | 351.44M | 115.30M | 111.27M | 135.69M | 95.35M |
| Capital Expenditures | -28.34M | -28.34M | -22.22M | -24.18M | -15.19M | -15.80M |
| Sale of Property, Plant & Equipment | 27.90M | |||||
| Investment in Securities | 55.00K | 28.46M | 24.29M | -350.00K | ||
| Other Investing Activities | -1.44M | -1.44M | -1.53M | -66.66M | -6.70M | -6.78M |
| Investing Cash Flow | -29.79M | -29.79M | -23.69M | -62.37M | 30.30M | 45.44M |
| Long-Term Debt Issued | 35.00M | 35.00M | 664.38M | 73.00M | 304.00K | 679.10M |
| Long-Term Debt Repaid | -65.47M | -65.47M | -680.63M | -106.35M | -20.13M | -646.75M |
| Net Debt Issued (Repaid) | -30.47M | -30.47M | -16.25M | -33.35M | -19.82M | 32.35M |
| Repurchase of Common Stock | -40.77M | -40.77M | -55.97M | -65.41M | -25.00M | |
| Other Financing Activities | 212.00K | 212.00K | -9.40M | -937.00K | -99.39M | -428.64M |
| Financing Cash Flow | -71.03M | -71.03M | -81.62M | -99.69M | -144.22M | -396.29M |
| Net Cash Flow | 250.62M | 250.62M | 9.98M | -50.80M | 21.78M | -255.50M |
| Free Cash Flow | 323.09M | 323.09M | 93.08M | 87.08M | 120.51M | 79.55M |
| Free Cash Flow Margin | 30.46% | 30.46% | 9.87% | 9.08% | 14.15% | 12.17% |
| Free Cash Flow Per Share | 6.73 | 6.73 | 1.93 | 1.79 | 2.31 | 1.54 |
| Levered Free Cash Flow | 343.93M | 343.93M | 84.09M | 120.96M | 169.76M | 126.06M |
| Unlevered Free Cash Flow | 366.89M | 366.89M | 112.32M | 153.83M | 198.96M | 152.48M |
| Cash Interest Paid | 38.05M | 38.05M | 47.19M | 53.86M | 48.55M | |
| Change in Working Capital | 180.80M | 180.80M | -43.87M | -31.52M | -13.05M | 33.60M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.80B | 3.83B | 1.90B | 1.64B | 1.74B | |
| Enterprise Value | 4.68B | 4.69B | 3.01B | 2.60B | 2.55B | |
| Last Close Price | 80.35 | 80.89 | 39.97 | 34.23 | 33.62 | |
| PE Ratio | 58.22 | 57.81 | 50.68 | 11.39 | 22.76 | |
| Forward PE | 33.31 | 32.98 | 21.12 | 25.69 | 29.16 | |
| PS Ratio | 3.58 | 3.61 | 2.01 | 1.71 | 2.05 | |
| PB Ratio | 83.03 | 83.58 | -142.63 | -70.96 | -25.10 | |
| P/FCF Ratio | 11.76 | 11.84 | 20.38 | 18.88 | 14.47 | |
| P/OCF Ratio | 10.82 | 10.89 | 16.45 | 14.77 | 12.85 | |
| PEG Ratio | 1.08 | 0.66 | 2.67 | 3.70 | ||
| EV/Sales Ratio | 4.41 | 4.42 | 3.20 | 2.71 | 2.99 | |
| EV/EBITDA Ratio | 20.94 | 20.98 | 15.89 | 14.43 | 15.17 | |
| EV/EBIT Ratio | 27.95 | 28.00 | 22.86 | 20.59 | 23.71 | |
| EV/FCF Ratio | 14.49 | 14.52 | 32.37 | 29.82 | 21.14 | |
| Debt / Equity Ratio | 25.67 | 25.67 | -90.29 | -46.20 | -13.00 | -602.14 |
| Debt / EBITDA Ratio | 4.33 | 4.33 | 5.14 | 4.78 | 4.57 | 9.36 |
| Debt / FCF Ratio | 3.64 | 3.64 | 12.90 | 12.29 | 7.49 | 12.03 |
| Net Debt / Equity Ratio | 19.26 | 19.26 | -87.05 | -44.77 | -11.90 | -565.57 |
| Net Debt / EBITDA Ratio | 3.94 | 3.94 | 6.11 | 5.76 | 4.92 | 12.86 |
| Net Debt / FCF Ratio | 2.73 | 2.73 | 12.44 | 11.91 | 6.86 | 11.30 |
| Asset Turnover | 0.59 | 0.59 | 0.58 | 0.65 | 0.58 | 0.41 |
| Inventory Turnover | 148.99 | 148.99 | 134.48 | 170.21 | 180.39 | 158.39 |
| Quick Ratio | 0.56 | 0.56 | 0.28 | 0.27 | 0.41 | 0.48 |
| Current Ratio | 0.70 | 0.70 | 0.47 | 0.43 | 0.55 | 0.63 |
| Return on Equity (ROE) | 407.54% | 407.54% | -54.80% | |||
| Return on Assets (ROA) | 5.81% | 5.81% | 5.11% | 5.34% | 4.59% | 0.01% |
| Return on Invested Capital (ROIC) | 11.27% | 9.90% | 6.80% | 13.23% | 11.41% | 0.04% |
| Return on Capital Employed (ROCE) | 14.10% | 14.10% | 11.30% | 12.00% | 12.50% | 0.00% |
| Earnings Yield | 1.72% | 1.73% | 1.97% | 8.78% | 4.39% | |
| FCF Yield | 8.50% | 8.44% | 4.91% | 5.30% | 6.91% | |
| Buyback Yield / Dilution | 0.68% | 0.68% | 0.53% | 7.06% | -0.98% |