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MARKETS / NYSE / MSGS
NYSE · SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION · LARGE CAP

Madison Square Garden Sports Corp. MSGS

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.2B
▲ 11.0% YoY
$7.8M
$61.3M
▼ 30.4% YoY
In brief

What this company does

The company owns and operates a portfolio of sports teams, including the Knicks of the National Basketball Association and the Rangers of the National Hockey League, both of which play home games at Madison Square Garden Arena, as well as two development league teams — the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. As of June 30, 2026, it had 522 full-time union and non-union employees and 495 part-time union and non-union employees. The company owns the Madison Square Garden Training Center in Greenburgh, New York, an approximately 114,000 square-foot facility with two basketball courts and one NHL regulation-sized hockey rink. The company was originally incorporated in Delaware on March 4, 2015, as an indirect, wholly-owned subsidiary of MSG Networks Inc., and all of its outstanding common stock was distributed to MSG Networks stockholders on September 30, 2015. On June 10, 2025, the company completed its conversion from a corporation organized under the laws of Delaware to one organized under the laws of Nevada.

Written from the business description in Madison Square Garden Sports Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 13 August 2026. Every sentence was checked against that document before publication.

Growth
USD 1.2B
Revenue, FY2025 · full 13-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.2 · Net income 0.0
0.50B1.00B-0.08B-0.16B2013201520172019202120232025
Compound annual growth
+9.1%
+22.6%
+0.3%
−45.4%
−44.7%
+0.0%
−86.0%
−41.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +22.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 2.5% · Net 0.7%
5%10%15%-10%-20%-30%2013201520172019202120232025
ROE
FY2019 · ROE -15.1%
2%4%-5%-10%-15%2013201520172019202120232025

Cash & shareholders
USD 472,000.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 61.3
80M160M-200M2013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 0.5 · Net buybacks —
80M160M201520172019202120232025

USD 472,000.00 in dividends — 6% of the year's profit went back to shareholders.

Total assetsUSD 1.5B
EquityUSD -263.3M
CashUSD 164.5M
Gross debtUSD 258.5M
Net debtUSD 94.0M
Current ratio0.50×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B1.21.01.00.90.80.40.60.70.71.31.11.10.9
Operating income $B0.00.00.10.10.1−0.1−0.1−0.1−0.0−0.1−0.1−0.0−0.1
EBITDA $B0.00.00.10.10.1−0.1−0.00.10.10.10.00.1−0.0
Income tax $B0.00.00.00.00.0−0.10.0−0.0−0.1−0.00.00.00.0
Net income $B0.0−0.00.10.00.1−0.0−0.20.00.1−0.1−0.1−0.0−0.1
Free cash flow $B0.10.10.10.20.2−0.0−0.4−0.00.00.20.10.0−0.2
EPS, diluted $0.32−0.932.441.892.10−0.58−7.620.485.94−3.05−3.12−1.63−4.69
Dividend / sh $7.007.007.007.00·········
Payout %6−313580−0·······
ROE %······−15.10.45.7−2.9−4.1−3.4−9.8

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 32 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Miscellaneous Amusement & Recreation
Listed onNYSE
Incorporated inNevada
Fiscal year endsJune 30
Data on record since2013

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