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MARKETS / NYSE / Consumer discretionary / Entertainment / 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

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

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
0.5B1.0B-0.1B-0.2B
20132016201920222025
Compound annual growth
+9.1%
+22.6%
+0.3%
−45.4%
−44.7%
+0.0%
−86.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +22.6% a year over the five years to FY2025.

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%
201320192025
ROE
FY2018 · ROE 0.4%
2%4%-5%
201320192025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Gross margin27.7%
Operating margin2.5%
Net margin0.7%
EBITDAUSD 32.0M

Return on equity has no reading this year — return on capital employed, just below, still does: 3%.

Cash & shareholders

USD 472,000.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 61.3
100M200M-150M-300M
201320192025
Net buybacks $M Dividends $M
FY2025 · Dividends 0.5 · Net buybacks ·
100M200M
201520172019202120232025
Dividends paidUSD 472,000.00
Net buybacks·
Share of profit6.1%
Consecutive raises·

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 zero or negative — liabilities equaled or 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—not applicable◌not available in our data
MSGS, 13-year financial record
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 %———————0.45.7−2.9−4.1−3.4−9.8

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

AMZN · WMT · COST · HD · TGT · DIS
Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 13 of the 13 fiscal years we could check. 14 checks were skipped: the balance sheet is not tagged before 2014. Six checks were skipped: EPS is not tagged before 2013. Six checks were skipped: revenue is not tagged before 2013.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Miscellaneous Amusement & Recreation
Listed onNYSE
Incorporated inNevada
Fiscal year endsJune 30
Data on record since2013

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