MSGS Communication Services

Madison Square Garden Sports Corp

$314.84+1.51%

Price as of close on Nov 3, 2026 · Financials updated Nov 4, 2026

Basics

Sector: Communication Services
Industry: Entertainment
Country: United States
Market cap: 7.6B USD
Enterprise value: 9.7B USD
Full-time employees: 522

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.50 vs a peer median of 1.38)higher risk: less liquidity (current ratio 0.50 vs peers 1.38)
About average: profitability

Ranks #337 of 454 communication services companies (bottom 26%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
Madison Square Garden Sports's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Madison Square Garden Sports made a profit per share in its latest year after a loss the year before.
Sales growing faster than profits. Since FY Jun 2023: revenue +30%, operating profit −66%.
Since FY Jun 2023, Madison Square Garden Sports's revenue changed +30% while operating profit fell 66%: costs rose faster than sales.
Cash flow well above reported profit. Free cash flow is 7.9× reported profit.
Free cash flow is 7.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

StockQuotient Score

38/ 100

Oct 5 39 → Nov 4 38 (-1)

Valuation

Is the price right?

13/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.1%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.97Sector median: 0.0294 · MAD: 0.0294

EBITDA yield0.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.26Sector median: 0.0857 · MAD: 0.0649

Free cash flow yield0.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -1.11Sector median: 0.0740 · MAD: 0.0593

Other data (not scored)

Book yield-3.5%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.4780 · MAD: 0.3375

Growth

Is it growing?

87/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 6.9%

Why

Stronger than most peers on:

▲ EPS growth
▲ Revenue growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit33% base weight · Z-score 4.87Sector median: 0.0878 · MAD: 0.3126

3-year revenue growth9.1%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.89Sector median: 0.0303 · MAD: 0.0683

Revenue growth11.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.12Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

45/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Turned profitable over the last 12 months
Operating margin rose 4.9 points to 2.5%

Why

Mixed versus peers:

▲ ROIC
▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin2.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.72Sector median: 0.0818 · MAD: 0.0789

Return on assets0.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.69Sector median: 0.0272 · MAD: 0.0318

Return on invested capital13.7%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 1.09Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin33.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equityUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.59

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.22Sector median: 0.6525 · MAD: 0.2880

Current ratio0.50×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.27Sector median: 1.3848 · MAD: 0.6948

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -13.85Sector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Madison Square Garden Sports

Is Madison Square Garden Sports getting weaker?: Its latest SEC filing (Aug 13, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 4.9 points to 2.5%. Its overall score is unchanged at 38/100 since Oct 28, 2026.
How is Madison Square Garden Sports valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 13/100 against 512 communication services peers. EBITDA yield 0.4% vs a peer median of 8.6% (weaker than 83% of peers).EBITDA yield 0.4% vs peers 8.6% (weaker than 83% of peers).
Is Madison Square Garden Sports growing?: Yes, faster than most of its peers. Growth scores 87/100 against 512 communication services peers. Revenue growth 11.0% vs a peer median of 3.0% (stronger than 74% of peers).Revenue growth 11.0% vs peers 3.0% (stronger than 74% of peers).
How profitable is Madison Square Garden Sports?: About as profitable as its peers. Profitability scores 45/100 against 512 communication services peers. Return on invested capital 13.7% vs a peer median of 6.0% (stronger than 74% of peers).Return on invested capital 13.7% vs peers 6.0% (stronger than 74% of peers). Operating margin 2.5% vs a peer median of 8.2% (weaker than 71% of peers).Operating margin 2.5% vs peers 8.2% (weaker than 71% of peers).
How risky is Madison Square Garden Sports?: Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Current ratio 0.50× vs a peer median of 1.38× (weaker than 92% of peers).Current ratio 0.50× vs peers 1.38× (weaker than 92% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 13, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Turned profitable over the last 12 months
Operating margin rose 4.9 points to 2.5%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	1.1B USD	1.2B USD	+6.9%
Net income (12 months)	−22.3M USD	7.8M USD	turned positive
Operating margin	-2.4%	2.5%	+4.9 pts
Free cash flow (12 months)	53.0M USD	61.3M USD	+15.6%
Debt	258.5M USD	258.5M USD	0.0%
Cash	107.0M USD	164.5M USD	+53.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Communication Services · 67 companies

Valuations in Communication Services are within their usual range since 2016.

46% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +11% (medians): earnings grew faster than prices.
Median price-to-sales is −6% vs the whole market, against a usual −7%.

2016Shaded: most expensive fifth of its range2026

Shown for Communication Services: too few Entertainment companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jun 2022	FY Jun 2023	FY Jun 2024	FY Jun 2025	FY Jun 2026	Change
Operating margin	10.5%	9.6%	14.2%	1.4%	2.5%	▲ 1.1 pts
Net margin	6.2%	5.4%	5.7%	-2.2%	0.7%	▲ 2.8 pts
Return on assets (ROA)	3.9%	3.6%	4.4%	-1.5%	0.5%	▲ 2.0 pts
Free cash flow margin	21.6%	17.0%	8.8%	8.5%	5.3%	▼ 3.2 pts
Current ratio	0.47×	0.29×	0.42×	0.45×	0.50×	▲ 13%
Interest coverage	7.34×	3.72×	5.29×	0.68×	1.37×	▲ 100%

MSGS price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.50 vs a peer median of 1.38)higher risk: less liquidity (current ratio 0.50 vs peers 1.38)

About average: profitability

Ranks #337 of 454 communication services companies (bottom 26%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

Madison Square Garden Sports's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

Madison Square Garden Sports made a profit per share in its latest year after a loss the year before.

Sales growing faster than profits. Since FY Jun 2023: revenue +30%, operating profit −66%.

Since FY Jun 2023, Madison Square Garden Sports's revenue changed +30% while operating profit fell 66%: costs rose faster than sales.

Cash flow well above reported profit. Free cash flow is 7.9× reported profit.

Free cash flow is 7.9× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Questions investors ask about Madison Square Garden Sports

Is Madison Square Garden Sports getting weaker?

Its latest SEC filing (Aug 13, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 4.9 points to 2.5%. Its overall score is unchanged at 38/100 since Oct 28, 2026.

How is Madison Square Garden Sports valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 13/100 against 512 communication services peers. EBITDA yield 0.4% vs a peer median of 8.6% (weaker than 83% of peers).EBITDA yield 0.4% vs peers 8.6% (weaker than 83% of peers).

Is Madison Square Garden Sports growing?

Yes, faster than most of its peers. Growth scores 87/100 against 512 communication services peers. Revenue growth 11.0% vs a peer median of 3.0% (stronger than 74% of peers).Revenue growth 11.0% vs peers 3.0% (stronger than 74% of peers).

How profitable is Madison Square Garden Sports?

About as profitable as its peers. Profitability scores 45/100 against 512 communication services peers. Return on invested capital 13.7% vs a peer median of 6.0% (stronger than 74% of peers).Return on invested capital 13.7% vs peers 6.0% (stronger than 74% of peers). Operating margin 2.5% vs a peer median of 8.2% (weaker than 71% of peers).Operating margin 2.5% vs peers 8.2% (weaker than 71% of peers).

How risky is Madison Square Garden Sports?

Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Current ratio 0.50× vs a peer median of 1.38× (weaker than 92% of peers).Current ratio 0.50× vs peers 1.38× (weaker than 92% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

1.1B USD

1.2B USD

+6.9%

Net income (12 months)

−22.3M USD

7.8M USD

turned positive

Operating margin

-2.4%

2.5%

+4.9 pts

Free cash flow (12 months)

53.0M USD

61.3M USD

+15.6%

Debt

258.5M USD

258.5M USD

0.0%

Cash

107.0M USD

164.5M USD

+53.7%

Key ratios

FY Jun 2022

FY Jun 2023

FY Jun 2024

FY Jun 2025

FY Jun 2026

Change

Operating margin

10.5%

9.6%

14.2%

1.4%

2.5%

▲ 1.1 pts

Net margin

6.2%

5.4%

5.7%

-2.2%

0.7%

▲ 2.8 pts

Return on assets (ROA)

3.9%

3.6%

4.4%

-1.5%

0.5%

▲ 2.0 pts

Free cash flow margin

21.6%

17.0%

8.8%

8.5%

5.3%

▼ 3.2 pts

Current ratio

0.47×

0.29×

0.42×

0.45×

0.50×

▲ 13%

Interest coverage

7.34×

3.72×

5.29×

0.68×

1.37×

▲ 100%