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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. In the quarter to June 2026, revenue grew 27.4%, EPS grew 63.2%, free cash flow grew 33.3% and total debt fell 4.75%, each against the same quarter a year earlier.

77.76 1.96 −2.46%
Market cap
$3.8B
P/E
55.5×
Fwd P/E
31.2×
Dividend yield
—
F-score
9/9
Altman Z
2.03
Beneish M
−3.01
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.97
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 1 — — — 1 — — — —
Insider Ownership 18.65%

Capital & Financial Ratios $m

Market Cap 3,770.00
Revenue 1,060.78
Net Income 66.19
Free Cash Flow 323.09
Net Debt 276.65
Current Ratio 0.70 (below 1: weak)
Debt/Equity 12.47 (above 2: weak)
P/E ratio 55.54 (above 35: high)
Fwd P/E 31.20
P/S ratio 3.48
P/B ratio 80.61 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 77.99% (at or above 15%: strong)
Next Y EPS Growth 11.40%
Next Y revenue growth 6.15%
Next 5Y EPS Growth 40.97% (at or above 15%: strong)

Green and red mark values outside typical ranges. 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 77.27%
10-year low 10-year high
P/S against its own 10 years 93.86%
10-year low 10-year high
EV/Sales against its own 10 years 93.86%
10-year low 10-year high
EV/FCF against its own 10 years 12.50%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low — — — — — — 27.55 30.10 28.29 52.55

Analyst estimates 2027–2029

Powerpack
High — — — — — — 40.81 44.14 55.75 90.41
People
People Employees — — — — — 4,583 5,820 6,700 6,600 6,260
Revenue/emp, $m — — — 0.00 0.00 0.14 0.15 0.14 0.14 0.17
Income, $m
Income, $m Revenue — — — 585 82 653 851 959 943 1,061
Gross margin, % — — — 34.91 (17.63) 36.14 41.29 40.70 43.18 45.11
EBT — — — 271 (214) (136) 78 52 66 107
EBT margin, % — — — 46.33 (261.53) (20.85) 9.13 5.45 6.95 10.08
Net income — — — 171 (219) (136) 76 144 37 66
Depreciation — — — 88 76 76 64 57 61 58
Per share, $
Per share, $ Revenue — — — 13.02 1.58 12.62 16.43 19.87 19.63 22.35
Earnings — — — 3.82 (4.24) (2.63) 1.48 2.99 0.78 1.39
Cash flow — — — 0.70 (2.86) 1.84 2.62 2.30 2.40 7.40
Capex — — — (0.66) (0.20) (0.31) (0.29) (0.50) (0.46) (0.60)
Free cash flow — — — 0.04 (3.06) 1.54 2.33 1.80 1.94 6.81
Book value — — — 0.00 9.63 (0.03) (1.34) (0.48) (0.28) 0.96
Shares, m — — — 45 52 52 52 48 48 47
Valuation, ×
Valuation, × P/E — — — 17.22 17.22 17.22 22.84 10.96 51.91 57.78
P/S — — — 1.85 1.85 1.85 2.05 1.71 2.04 3.62
P/B — — — 38.08 38.08 38.08 0.00 0.00 0.00 83.86
EV/Sales — — — 2.44 2.44 2.44 2.71 2.31 2.63 3.88
EV/FCF — — — 14.61 14.61 14.61 19.12 25.46 26.60 12.74
Cash, $m
Cash, $m Operating cash flow — — — 32 (148) 95 136 111 115 351
Capex — — — (30) (10) (16) (15) (24) (22) (28)
Free cash flow — — — 2 (158) 80 121 87 93 323
Balance, $m
Balance, $m Working capital — — — — 116 (204) (245) (287) (265) (226)
Total debt — — — — 618 664 646 615 599 571
Net debt — — — — 300 601 562 582 556 277
Shareholders’ equity — — — — 499 (2) (69) (23) (13) 46
Returns, %
Returns, % ROA — — — 0.00 (25.76) (8.27) 5.23 9.77 2.32 3.67
ROIC — — — 0.00 (18.58) (0.59) 13.32 12.52 14.07 27.44
ROE — — — 0.00 0.00 (53.65) (215.58) (311.54) (205.30) 407.54
Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Charts ten years each

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 $4.5B 20.7× 14.7× +15.51% (above 0%: growing) +46.34% (above 0%: growing) +21.34% (above 0%: growing) 42.97% 21.45% Compare
VSNT Versant Media Group, Inc. $4.3B 3.9× 9.8× — — −23.41% (below 0%: shrinking) 60.46% 22.32% Compare
SPHR Sphere Entertainment Co. $3.9B — (loss-making) — (loss-making) +10.95% (above 0%: growing) n/m −92.89% (below 0%: shrinking) 51.84% (19.53%) Compare
MSGE Madison Square Garden Entertainment Corp. $3.8B 55.5× 31.2× +27.37% (above 0%: growing) n/m +33.34% (above 0%: growing) 38.63% (4.40%)
MANU Manchester United Ltd. $3.6B — (loss-making) 75.1× −3.71% (below 0%: shrinking) n/m +47.29% (above 0%: growing) 100.00% (9.47%) Compare
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) — −2.34% (below 0%: shrinking) n/m −185.33% (below 0%: shrinking) 15.90% (6.08%) Compare
IMAX IMAX Corporation $2.8B 67.8× 30.7× +12.17% (above 0%: growing) +33.33% (above 0%: growing) +63.43% (above 0%: growing) 61.16% 20.20% Compare
AMC AMC Entertainment Holdings, Inc. $2.7B — (loss-making) — (loss-making) +14.22% (above 0%: growing) n/m +113.27% (above 0%: growing) 65.68% 14.91% Compare
Median of peers $3.4B 20.7× 22.7× +10.95% — −1.03% 56.15% 7.46%

All 53 Entertainment stocks →

Madison Square Garden Entertainment Corp. (MSGE) key facts

  • Strength: Madison Square Garden Entertainment Corp.’s revenue for fiscal 2026 (year ended June 2026) was $1.1 billion, up 12.5% from fiscal 2025.
  • Madison Square Garden Entertainment Corp. (MSGE) is an Entertainment company in the Communication Services sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, MSGE traded at $77.76, a market capitalization of $3.8 billion.
  • Return on equity was 407.5% and debt-to-equity 12.47.
  • Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 2.03 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Madison Square Garden Entertainment Corp. (MSGE) Latest News

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