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) Gross margin

Alert me on Gross margin

Madison Square Garden Entertainment Corp.'s gross margin over the twelve months to 30 June 2026 was 45.1%. Over the past ten years it has ranged from −17.6% (fiscal 2021) to 45.1% (fiscal 2026) — the current reading is the highest in ten years. That is in line with the Entertainment industry median of 45.1% and below the Communication Services sector median of 53.5%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2026 45.1% 1.93
FY2025 43.2% 2.48
FY2024 40.7% (0.59)
FY2023 41.3% 5.15
FY2022 36.1% 53.77
FY2021 −17.6% (52.54)
FY2020 34.9% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 38.6% (1.76)
Mar 2026 40.4% (13.37)
Dec 2025 53.8% 18.44
Sep 2025 35.3% 1.49
13 more quarters

Against its own ten years

Low −17.6% High 45.1%
Ten-year median 40.7%
Current reading's percentile 93

Gross margin against peers

Company Gross margin
LION Lionsgate Studios Corp. compare 100.0%
MANU Manchester United Ltd. compare 100.0%
AMC AMC Entertainment Holdings, Inc. compare 67.1%
VSNT Versant Media Group, Inc. compare 56.8%
SPHR Sphere Entertainment Co. compare 54.2%
MSGE Madison Square Garden Entertainment Corp. 45.1%
CNK Cinemark Holdings Inc compare 39.5%
BATRA Atlanta Braves Holdings, Inc. compare 24.9%
BATRK Atlanta Braves Holdings, Inc. compare 13.3%
Entertainment industry median 45.1%
Communication Services sector median 53.5%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on MSGE