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Madison Square Garden Entertainment Corp.

MSGE Communication Services Entertainment

Madison Square Garden Entertainment Corp.’s revenue for fiscal 2026 (year ended June 2026) was $1.1 billion, up 12.5% from fiscal 2025.

Revenue
+27.4%
EPS
+63.2%
Free cash flow
+33.3%
Total debt
−4.75%

Quarter to June 2026, against a year earlier

75.87 2.86 −3.63%
Market cap
$3.6B
P/E
54.2×
Fwd P/E
33.4×
Dividend yield
—
F-score
9/9
Altman Z
2.03
Beneish M
−3.01
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.97
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — 1 — — — — —
Insider Ownership 18.39%

Capital & Financial Ratios $m

Size
Market Cap 3,580.00
Revenue ttm 1,060.78
Net income ttm 66.19
Free cash flow ttm 323.09
Net debt Q 276.65
Valuation
P/E 54.19 (above 35: high)
Forward P/E 33.40
Price / sales 3.39
Forward P/S Powerpack
Price / FCF 11.14
Price / book 78.65 (above 6: high)
Financial health
Current ratio Q 0.70 (below 1: weak)
Debt / equity Q 12.47 (above 2: weak)
Interest coverage Q (0.95)
Growth
Revenue growth Q +27.37% (above 0%: growing)
Operating income growth Q +66.45% (above 0%: growing)
EPS, this year +82.35% (at or above 15%: strong)
EPS, next year A +7.83%
Revenue, next year A +5.87%
EPS, past 5 yrs —
EPS, next 5 yrs A +34.39% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.7×, against a ten-year median of 2.7×; over the ten years it ranged from 2.1× in 2025 to 3.9× in 2026.
P/E against its own 10 years 72.37%
10-year low 10-year high
P/S against its own 10 years 89.82%
10-year low 10-year high
EV/Sales against its own 10 years 89.93%
10-year low 10-year high
EV/FCF against its own 10 years 7.72%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 84 34 44 294
Receivables 133 95 89 116
Inventory — — — —
Other — — — —
295 219 237 522
2023 2024 2025 2026
Payables 215 204 184 325
ST’ Debt 16 16 30 30
Other — — — —
541 506 502 748

Compound Annual Growth %

10y 5y 3y
Sales — 66.94% 7.60%
Cash Flow — 0.00% 37.33%
Earnings — 0.00% (4.75%)
Book Value — (37.97%) 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate −0.02 Actual 0.19

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 2.35 1.94 Miss by 0.41
Q3 FY26 0.14 0.25 Beat by 0.11
Q4 FY26 −0.42 −0.13 Beat by 0.29
Q1 FY27 −0.02 0.19 Beat by 0.21
Q2 FY27 2.47 — Reports 2 February 2027

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 (0.46) 1.94 0.11 (0.21) 1.38
’25 (0.40) 1.56 0.17 (0.57) 0.77
’24 (1.00) 2.59 0.06 1.41 2.97
’23 (0.35) 1.88 0.42 (0.47) 1.47
’22 — — (0.08) — (2.63)
’21 — — — — (4.24)
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 158 460 246 196 1,061
’25 139 407 242 154 943
’24 142 403 228 186 959
’23 146 356 201 148 851
’22 — — 194 — 653
’21 — — — — 82
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 20 164 184 (17) 351
’25 (27) 113 57 (27) 115
’24 1 104 6 0 111
’23 (57) 127 63 3 136
’22 — — 60 35 95
’21 — — — (148) (148)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 14 156 174 (21) 323
’25 (33) 104 54 (31) 93
’24 (2) 96 (3) (4) 87
’23 (62) 122 60 0 121
’22 — — 50 30 80
’21 — — — (158) (158)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue — — — 585 82 653 851 959 943 1,061 +10.4% 1,123 1,178 1,231 +5.1%
Gross margin, % — — — 34.91 (17.63) 36.14 41.29 40.70 43.18 45.11 +10.2 pt
EBT — — — 271 (214) (136) 78 52 66 107 (14.3%)
EBT margin, % — — — 46.33 (261.53) (20.85) 9.13 5.45 6.95 10.08 (36.2) pt
Net income — — — 171 (219) (136) 76 144 37 66 (14.6%)
Per share, $
Per share, $ Revenue — — — 13.02 1.58 12.62 16.43 19.87 19.63 22.35 +9.4%
Earnings — — — 3.82 (4.24) (2.63) 1.48 2.99 0.78 1.39 (15.5%)
Cash flow — — — 0.70 (2.86) 1.84 2.62 2.30 2.40 7.40 +48.1%
Capex — — — (0.66) (0.20) (0.31) (0.29) (0.50) (0.46) (0.60) (1.7%)
Free cash flow — — — 0.04 (3.06) 1.54 2.33 1.80 1.94 6.81 +133.5%
Book value — — — 0.00 9.63 (0.03) (1.34) (0.48) (0.28) 0.96 n/m
Shares, m — — — 45 52 52 52 48 48 47 +0.9%
Valuation, ×
Valuation, × P/E — — — 17.22 17.22 17.22 22.84 10.96 51.91 57.78 27.9
P/S — — — 1.85 1.85 1.85 2.05 1.71 2.04 3.62 2.1
P/B — — — 38.08 38.08 38.08 0.00 0.00 0.00 83.86 28.3
EV/Sales — — — 2.44 2.44 2.44 2.71 2.31 2.63 3.88 2.7
EV/FCF — — — 14.61 14.61 14.61 19.12 25.46 26.60 12.74 18.3
Cash, $m
Cash, $m Operating cash flow — — — 32 (148) 95 136 111 115 351 +49.5%
Capex — — — (30) (10) (16) (15) (24) (22) (28) (0.7%)
Free cash flow — — — 2 (158) 80 121 87 93 323 +135.7%
Balance, $m
Balance, $m Working capital — — — — 116 (204) (245) (287) (265) (226) n/m
Net debt — — — — 300 601 562 582 556 277 (1.6%)
Shareholders’ equity — — — — 499 (2) (69) (23) (13) 46 (38.0%)
Returns, %
Returns, % ROA — — — 0.00 (25.76) (8.27) 5.23 9.77 2.32 3.67 +3.7 pt
ROIC — — — 0.00 (18.58) (0.59) 13.32 12.52 14.07 27.44 +27.4 pt
ROE — — — 0.00 0.00 (53.65) (215.58) (311.54) (205.30) 407.54 +407.5 pt
People
People Employees — — — — — 4,583 5,820 6,700 6,600 6,260 +8.1%
Revenue/emp, $m — — — 0.00 0.00 0.14 0.15 0.14 0.14 0.17 n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Madison Square Garden Entertainment Corp. vs peers in Entertainment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CNK Cinemark Holdings Inc $4.6B 15.9× 14.8× +23.51% (above 0%: growing) +151.81% (above 0%: growing) +80.31% (above 0%: growing) 41.30% 19.51% Compare
VSNT Versant Media Group, Inc. $4.6B 7.8× 7.5× −4.15% (below 0%: shrinking) −83.80% (below 0%: shrinking) −19.47% (below 0%: shrinking) 44.86% 6.90% Compare
SPHR Sphere Entertainment Co. $4.0B — (loss-making) — (loss-making) +4.48% (above 0%: growing) n/m −48.68% (below 0%: shrinking) 0.00% (87.72%) Compare
MANU Manchester United Ltd. $3.9B — (loss-making) — (loss-making) −3.71% (below 0%: shrinking) n/m +47.29% (above 0%: growing) 100.00% (9.47%) Compare
LION Lionsgate Studios Corp. $3.7B — (loss-making) 5.7× +47.67% (above 0%: growing) n/m +248.41% (above 0%: growing) 100.00% 3.30% Compare
MSGE Madison Square Garden Entertainment Corp. $3.6B 54.2× 33.4× +27.37% (above 0%: growing) n/m +33.34% (above 0%: growing) 38.63% (4.40%)
BATRK Atlanta Braves Holdings, Inc. $3.2B — (loss-making) — (loss-making) +8.59% (above 0%: growing) n/m −417.66% (below 0%: shrinking) 18.43% 0.00% Compare
BATRA Atlanta Braves Holdings, Inc. $3.2B — (loss-making) — +4.20% (above 0%: growing) −68.75% (below 0%: shrinking) +33.76% (above 0%: growing) 0.00% 2.67% Compare
AMC AMC Entertainment Holdings, Inc. $2.8B — (loss-making) — (loss-making) +31.60% (above 0%: growing) n/m +319.93% (above 0%: growing) 0.00% 14.53% Compare
Median of peers $3.8B — 7.5× +6.54% −68.75% +40.53% 29.86% 2.99%

All 48 Entertainment stocks →

Pay and ownership Proxy statement filed 22 October 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 14.79m 37.67m 261.02
2025 14.15m 16.49m 128.98
2024 10.23m 10.86m 110.45
2023 9.31m 10.57m 108.49
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Madison Square Garden Entertainment Corp. (MSGE) Latest News

5 Nov

Impact 3 · · GuruFocus.com

4 Nov

Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 · · Business Wire

30 Sep

Impact 4 · · Insider Monkey
Impact 3 · · Business Wire

25 Sep

Impact 4 · · Simply Wall St.
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23 Sep

Impact 4 · · Business Wire

21 Sep

Impact 3 · · Business Wire

17 Aug

Impact 3 ·

14 Aug

Impact 4 ·

13 Aug

Impact 3 ·
Impact 3 ·

12 Aug

Impact 4 ·
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript
Impact 3 ·

31 Jul

Impact 3 ·

7 Jul

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3 Jul

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18 Jun

Impact 4 ·
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14 May

Impact 3 · · Simply Wall St.

12 May

Impact 3 · · MarketBeat

10 May

Impact 3 · · Simply Wall St.

7 May

Impact 4 · · Moby
Impact 4 ·

MSGE metrics, ten years each

stockrow.com/MSGE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com