Madison Square Garden Sports Corp. MSGS

Communication services SIC 7990 - Services-Miscellaneous Amusement & Recreation NAICS Arts, Entertainment, and Recreation › Amusement, Gambling, and Recreation Industries › Other Amusement and Recreation Industries derived NYSE

Madison Square Garden Sports Corp. is a Nevada corporation with our principal executive offices at Two Pennsylvania Plaza, New York, NY 10121. Unless the context otherwise requires, all references to "we," "us," "our," "MSG Sports" or the "Company" refer collectively to Madison Square Garden Sports Corp., a holding company, and its direct and indirect subsidiaries. We conduct substantially all of our business activities discussed in this Annual Report on Form 10-K through MSG Sports, LLC and its direct and indirect subsidiaries.

The Company was originally incorporated in Delaware on March 4, 2015 as an indirect, wholly-owned subsidiary of MSG Networks Inc. ("MSG Networks"). All of the outstanding common stock of the Company was distributed to MSG Networks stockholders (the "MSGS Distribution") on September 30, 2015.

Last close 388.63 2026-10-23
Market cap $9.39B estimated share count
52-week range 207.90 - 438.93

Valuation FY2026 figures against the last close

P/S8.1x
P/E1,214.5x
P/FCF153.2x
EV/EBITDA295.8x
Dividend yield0.0%
Diluted EPS0.32

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $1.15B$1.04B$1.03B$887.4M$821.4M$415.7M$603.3M$729.4M$712.4M$1.32B
SG&A $286.0M$266.1M$261.4M$249.9M$229.7M$206.7M$319.7M$327.4M$290.7M$407.0M
Total operating expenses ——————$697.2M$787.6M$1.54B$1.38B
Operating income $28.9M$14.8M$146.0M$85.2M$86.1M-$78.4M-$93.9M-$58.2M-$18.2M-$56.3M
Interest expense $21.1M$21.7M$27.6M$22.9M$11.7M$10.6M$4.5M$5.0M$3.5M$4.2M
Pre-tax income $18.0M-$17.3M$105.7M$89.9M$73.9M-$89.3M-$98.0M-$60.6M-$21.3M-$81.2M
Income tax $10.2M$5.2M$46.9M$44.3M$25.1M$73.4M$20.6M$12.6M$59.4M$4.4M
Net income $7.8M-$22.4M$58.8M$47.8M$51.1M-$14.0M-$182.4M$11.4M$141.6M-$72.7M
EPS, basic 0.32-0.932.451.902.11-0.58-7.620.485.99-3.05
EPS, diluted 0.32-0.932.441.892.10-0.58-7.620.485.94-3.05
Shares, diluted (wtd. avg.) 24.3M24.1M24.1M24.2M24.4M24.1M23.9M23.9M23.8M23.9M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $164.5M$144.6M$89.1M$40.5M$91.0M$72.0M$77.9M$4.3M$1.1M$931.0K
Short-term investments ———————$108.4M$0—
Receivables ————$47.2M$74.2M$7.4M$15.5M$100.7M$102.1M
Total current assets $323.3M$251.1M$216.9M$149.2M$205.3M$185.2M$128.3M$1.41B$1.42B$1.45B
Property, plant and equipment $27.2M$29.0M$28.5M$30.5M$32.9M$35.7M$39.6M$31.3M$1.25B$1.16B
Goodwill $226.5M$226.5M$226.5M$226.5M$227.0M$227.0M$227.0M$227.0M$392.5M$380.1M
Other intangibles —$0$0$0$636.0K$1.7M$2.8M$6.3M$243.8M$257.0M
Total assets $1.54B$1.47B$1.35B$1.32B$1.30B$1.31B$1.23B$3.76B$3.74B$3.71B
Accounts payable ————$11.3M$2.2M$2.3M$1.0M$28.9M$24.1M
Short-term debt $16.5M$24.0M$30.0M$30.0M$30.0M$30.0M$0$6.0M$4.4M$0
Total current liabilities $642.4M$563.5M$522.0M$520.5M$438.3M$368.3M$290.3M$760.0M$765.5M$762.0M
Long-term debt $242.0M$267.0M$275.0M$295.0M$220.0M$355.0M$350.0M$0$101.3M$105.4M
Total liabilities $1.80B$1.75B$1.61B$1.65B$1.45B$1.51B$1.44B$1.06B$1.11B$1.21B
Retained earnings -$129.9M-$137.6M-$115.1M-$173.9M-$35.7M-$78.9M-$43.6M$29.0M-$11.1M-$148.4M
Total equity -$263.3M-$281.4M-$266.3M-$337.2M-$145.4M-$201.9M-$203.4M$2.64B$2.55B$2.42B

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $62.7M$91.6M$92.1M$152.5M$178.1M-$35.3M$3.6M$161.3M$217.6M$223.5M
Depreciation and amortisation $3.2M$3.2M$3.2M$3.6M$5.0M$5.6M$93.4M$119.2M$122.5M$107.4M
Stock-based compensation $21.5M$17.9M$21.3M$25.2M$24.2M$30.4M$57.0M$59.5M$47.6M$41.1M
Capital expenditure $1.4M$3.6M$1.5M$1.2M$932.0K$466.0K$362.5M$188.8M$191.9M$44.2M
Investing cash flow -$2.2M-$6.9M-$8.9M-$17.8M-$2.9M-$466.0K-$514.9M-$232.9M-$182.4M-$264.3M
Financing cash flow -$49.1M-$26.4M-$28.8M-$185.3M-$156.1M$17.2M-$520.6M-$71.7M-$51.1M-$158.5M
Dividends paid $472.0K$633.0K$701.0K$170.9M$0$0————
Buybacks ——————$0$0$11.8M$148.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-056812.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2017: 1.3B Net income, FY2017: -72.7M Revenue, FY2018: 712.4M Net income, FY2018: 141.6M Revenue, FY2019: 729.4M Net income, FY2019: 11.4M Revenue, FY2020: 603.3M Net income, FY2020: -182.4M Revenue, FY2021: 415.7M Net income, FY2021: -14M Revenue, FY2022: 821.4M Net income, FY2022: 51.1M Revenue, FY2023: 887.4M Net income, FY2023: 47.8M Revenue, FY2024: 1B Net income, FY2024: 58.8M Revenue, FY2025: 1B Net income, FY2025: -22.4M Revenue, FY2026: 1.2B Net income, FY2026: 7.8M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $1.32B $712.4M $729.4M $603.3M $415.7M $821.4M $887.4M $1.03B $1.04B $1.15B
Gross profit — — — — — — — — — —
Net income -$72.7M $141.6M $11.4M -$182.4M -$14.0M $51.1M $47.8M $58.8M -$22.4M $7.8M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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