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) Operating margin

Alert me on Operating margin

Madison Square Garden Entertainment Corp.'s operating margin over the twelve months to 30 June 2026 was 13.3%. Over the past ten years it has ranged from −290.0% (fiscal 2021) to 38.5% (fiscal 2020); the current reading is higher than 86% of that period. That is above the Entertainment industry median of 2.30% and above the Communication Services sector median of 0.58%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 13.3% 0.39
FY2025 13.0% 1.28
FY2024 11.7% (0.66)
FY2023 12.3% 13.19
FY2022 −0.86% 289.18
FY2021 −290.0% (328.58)
FY2020 38.5% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −4.40% (10.94)
Mar 2026 6.54% (29.08)
Dec 2025 35.6% 54.41
Sep 2025 −18.8% (2.08)
13 more quarters

Against its own ten years

Low −290.0% High 38.5%
Ten-year median 12.3%
Current reading's percentile 71

Operating margin against peers

Company Operating margin
MSGE Madison Square Garden Entertainment Corp. 13.3%
CNK Cinemark Holdings Inc compare 13.0%
LION Lionsgate Studios Corp. compare 4.62%
AMC AMC Entertainment Holdings, Inc. compare 4.36%
MANU Manchester United Ltd. compare 3.34%
VSNT Versant Media Group, Inc. compare 0.00%
BATRK Atlanta Braves Holdings, Inc. compare 0.00%
BATRA Atlanta Braves Holdings, Inc. compare −9.42%
SPHR Sphere Entertainment Co. compare −11.4%
Entertainment industry median 2.30%
Communication Services sector median 0.58%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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