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

78.76 0.74 −0.93%
Market cap
$3.7B
P/E
56.3×
Fwd P/E
33.4×
Dividend yield
—
F-score
9/9
Altman Z
2.03
Beneish M
−3.01
Dividend safety
n/a

Madison Square Garden Entertainment Corp. (MSGE) Free cash flow margin

Alert me on Free cash flow margin

Madison Square Garden Entertainment Corp.'s free cash flow margin over the twelve months to 30 June 2026 was 30.5%. Over the past ten years it has ranged from −193.7% (fiscal 2021) to 30.5% (fiscal 2026) — the current reading is the highest in ten years. That is above the Entertainment industry median of 4.34% and above the Communication Services sector median of 1.73%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 30.5% 20.59
FY2025 9.87% 0.79
FY2024 9.08% (5.07)
FY2023 14.2% 1.98
FY2022 12.2% 205.82
FY2021 −193.7% (193.97)
FY2020 0.32% —

Against its own ten years

Low −193.7% High 30.5%
Ten-year median 9.87%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
VSNT Versant Media Group, Inc. compare 46.2%
MSGE Madison Square Garden Entertainment Corp. 30.5%
SPHR Sphere Entertainment Co. compare 26.5%
CNK Cinemark Holdings Inc compare 9.39%
LION Lionsgate Studios Corp. compare 3.37%
AMC AMC Entertainment Holdings, Inc. compare −0.35%
MANU Manchester United Ltd. compare −7.51%
BATRK Atlanta Braves Holdings, Inc. compare −12.2%
BATRA Atlanta Braves Holdings, Inc. compare −12.7%
Entertainment industry median 4.34%
Communication Services sector median 1.73%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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