Madison Square Garden Sports Corp.

MSGS

$387.07

+0.01%

2026-09-03 16:00:03 EDT+$0.02

Communication Services

Entertainment

NYSE

Active Trading

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio ...

Price Action of MSGS

$387.07

+0.01%+$0.02

High—

Low—

52W High-11.8%

Rel. vol—

Interval

Range5.6h

Volume—SMA5SMA10

—

Madison Square Garden Sports Corp. (MSGS) is a leading professional sports company based in New York City. Incorporated in 2015, the company was formerly known as The Madison Square Garden Company and rebranded in 2020. It is publicly traded on the New York Stock Exchange under the symbol MSGS. The ...Madison Square Garden Sports Corp. (MSGS) is a leading professional sports company based in New York City. Incorporated in 2015, the company was formerly known as The Madison Square Garden Company and rebranded in 2020. It is publicly traded on the New York Stock Exchange under the symbol MSGS. The company's primary assets include the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League (NHL), both of which are iconic franchises with rich histories. Additionally, MSGS owns the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League, serving as development affiliates. The company also operates the Madison Square Garden Training Center, a state-of-the-art sports performance facility in Greenburgh, New York. MSGS focuses on maximizing the value of its sports franchises through ticket sales, broadcasting rights, merchandise, and sponsorships. The company generates revenue from game-day operations, media deals, and licensing agreements. Under the leadership of Executive Chairman and CEO James L. Dolan, the company has navigated the competitive sports landscape, though financial metrics indicate some challenges: as of the latest TTM data, the company had a market capitalization of approximately $9.39 billion, with a negative net profit margin of -2.1% and an EV/EBITDA ratio of -581.55. The company employs 514 full-time staff and maintains a strong presence in the sports industry. Its long-term strategy includes enhancing fan engagement, developing talent through its farm teams, and leveraging the iconic Madison Square Garden brand. Despite recent financial losses, the company remains a significant player in professional sports, with a portfolio that commands high value and loyal fan bases.ExpandCollapse

Founded

2010

Employees

1007

CEO

James L. Dolan

Full Name

Madison Square Garden Sports Corp.

Sector

Communication Services

Industry

Entertainment

ROE

-2.73%

Market Cap

$9.32B

Current Ratio

0.50

WACC

6.67%

ROIC

152.93%

Contact Information

https://www.msgsports.com

212 465 4111

Two Pennsylvania Plaza, New York, NY 10121

Key Metrics of MSGS

Snapshot

Latest / TTM · 6 periods

Market Cap

$9.32B

ROCE

3.2%

EV / EBITDA

243.76x

+0.0% YoY

FCF Yield

0.6%

+0.0% YoY

Cash Conversion Cycle

19.9d

Current Ratio

0.50

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of MSGS

Profitability trend

Latest / TTM · 6 periods

Gross Margin

27.7%

Net Margin

0.7%

P/E Ratio

1209.59x

n/a

Debt / Equity

-4.34

n/a

Current Ratio

0.50

Dividend Yield

0.0%

Understanding

TTM —

Current ratio below 1.0

Calendar of MSGS

Upcoming

Jun 30, 2027
FY2027 · Estimated annual results
Est. EPS $-0.69 · Revenue $1.08B · 5 analysts
Mar 30, 2028
Q3 FY2028 · Estimated results
Est. EPS $0.72 · Revenue $480.75M · 2 analysts
Jun 30, 2028
FY2028 · Estimated annual results
Est. EPS $-1.62 · Revenue $1.12B · 5 analysts
Sep 30, 2028
Q1 FY2029 · Estimated results
Est. EPS $-1.51 · Revenue $42.38M · 2 analysts

Recent history

Aug 13, 2026
FY2026 · Annual results
EPS $0.32 · Revenue $1.15B
View filing
May 8, 2026
Q3 FY2026 · Results reported
EPS $-0.83 · Revenue $432.20M
View filing
Feb 6, 2026
Q2 FY2026 · Results reported
EPS $0.34 · Revenue $403.42M
View filing
Oct 31, 2025
Q1 FY2026 · Results reported
EPS $-0.37 · Revenue $39.45M
View filing
Aug 12, 2025
FY2025 · Annual results
EPS $-0.93 · Revenue $1.04B
View filing
May 2, 2025
Q3 FY2025 · Results reported
EPS $-0.59 · Revenue $424.20M
View filing

Financial Statements of MSGS

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.2B	+11.0%	-35.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$7.8M	+134.6%	+241.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+27.7%	+2.6%	+145.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+2.5%	+75.6%	+1394.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+0.7%	+131.1%	+319.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$57.8M	-34.3%	-10.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+5.0%	-40.8%	+38.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	-434.4%	-3.2%	-9.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.50x	+13.5%	+9.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$1.5B	-2.7%	+1.9%

Actual vs Estimate

A Jun 30Q Mar 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	0.32 vs -0.23	+239.7%	1.18 vs 0.72	+64.5%
Revenue Surprise	$1.2B vs $1.1B	+4.4%	$278.7M vs $480.8M	-42.0%

Insider Transactions of MSGS

Acquisitions (A)

Since Aug 26, 2026

Disposals (D)

Since Aug 26, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 26, 2026	DOLAN QUENTIN F	director, officer: President & COO, NY Rangers	Performance Restricted Stock Units	A	80	—
Aug 26, 2026	Lesane Jamaal T	officer: Chief Operating Officer	Performance Restricted Stock Units	A	2,462	—
Aug 26, 2026	Lesane Jamaal T	officer: Chief Operating Officer	Restricted Stock Units	A	1,875	—
Aug 26, 2026	Granville-Smith David	officer: Executive Vice President	Performance Restricted Stock Units	A	4,922	—
Aug 26, 2026	Granville-Smith David	officer: Executive Vice President	Restricted Stock Units	A	2,125	—

Earnings Call Transcript of MSGS

1 transcript segments

Q4 2026

Unknown Speaker

Operator: Good morning. Thank you for standing by, and welcome to the Madison Square Garden Sports Corp fiscal 26 fourth quarter and year end earnings conference call. At this time, all participants are in a listen only mode. After the speakers' remarks, there will be a question and answer session. I would now like to turn the call over to Ari Danes, Investor Relations. Ari? Please go ahead. Ari Danes: Thank you. Good morning, and welcome. To MSG Sports fiscal 26 fourth quarter and year end earnings conference call. Our Chief Operating Officer, Jamaal T. Lesane will begin this morning's call with a discussion on the company's strategy and operations as well as an update on the company's proposed spin off of its Rangers business. This will be followed by a review of our financial results, with Paul DiCicco, our EVP, chief financial officer, and treasurer. After our prepared remarks, we will open up the call for questions. If you do not have a copy of today's earnings release, it is available in the Investors section of our corporate website. Please take note of the following. Today's discussion may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 2 thousand Any such forward looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Please refer to the company's filings with the SEC for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward looking statements that may be discussed during this call. On Pages 4 and 5 of today's earnings release, we provide consolidated statements of operations and a reconciliation of operating income to adjusted operating income or AOI. A non GAAP financial measure. And with that, I will now turn the call over to Jamaal. Jamaal T. Lesane: Thank you, Ari. And good morning, everyone. I am pleased to be here with you all today. Following a fiscal year that culminated with the Knicks winning an NBA championship. Before I dive further into the Knicks season, I would like to take a moment to discuss an important plan that we announced since we last spoke in February. Potential spin off of our Rangers business from our Knicks business. This transaction would create 2 distinct publicly traded companies enabling shareholders to more clearly evaluate each company's assets and growth prospects. It would also provide both with enhanced strategic and financial flexibility. In May, we confidentially filed a Form 10 registration statement with the SEC regarding the proposed spin off. We anticipate publicly filing an updated Form 10 statement this week. And currently expect to complete the spin off by the end of October. Subject to various conditions including board approval. We will continue to keep you updated on our progress. Now let's discuss our operations in more detail. For fiscal …

Leadership Team of MSGS

10 executives

Name	Title	Compensation	Gender	Year Born	Status
James Lawrence Dolan	Executive Chairman & Chief Executive Officer	USD 5,041,024	Male	1955	Active
Jamaal T. Lesane	Chief Operating Officer	USD 2,243,729	Male	1977	Active
Paul DiCicco	Executive Vice President, Chief Financial Officer & Treasurer	USD 1,951,190	Male	—	Active
David Granville-Smith	Executive Vice President	USD 1,606,353	Male	1968	Active
Bryan Warner	Senior Vice President & Head of Legal	USD 1,020,265	Male	1985	Active
Christopher Ripp	Senior Vice President, Controller & Principal Accounting Officer	USD 665,481	Male	1987	Active
Ari Danes	Senior Vice President of Investor Relations & Treasury	—	Male	—	Active
Richard Constable	Chief Strategist, EVice President and Global Head of Government Relations & Public Affairs	—	Male	—	Active
Joel Fisher	Executive Vice President of Marquee Events & Operations	—	Male	—	Active
Gregg G. Seibert	Vice Chairman	—	Male	1956	Active

Recent News of MSGS

WSJ8/14/2026Neutral

MSG Sports Files to Spin Off Rangers from Knicks

MSG Sports has filed a registration statement with regulators for a new company to manage the New York Rangers business separately from its New York Knicks operations.

Business Wire8/14/2026Neutral

MSG Sports Publicly Files Form 10 Registration Statement for Proposed Spin-Off of Rangers Business from Knicks Business

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports” or the “Company”) today announced that it is continuing to make progress on the proposed spin-off of its New York Rangers business from its New York Knicks business, with the public filing of a Form 10 Registration Statement for the new Rangers company with the U.S. Securities and Exchange Commission. As previously announced, the proposed transaction would create two distinct publicly traded companies. Foll.

MarketBeat8/14/2026Neutral

Madison Square Garden Q4 Earnings Call Highlights

Madison Square Garden NYSE: MSGS reported fiscal 2026 revenue of $1.15 billion and adjusted operating income of $58.7 million, as the New York Knicks' championship run drove higher ticketing, merchandise, sponsorship and in-arena spending.

Seeking Alpha8/13/2026Neutral

Madison Square Garden Sports: Knicks' Win Doesn't Support An Investment Case

Madison Square Garden Sports Corp. reported strong fiscal Q4 results, driven by fan engagement as the New York Knicks won the 2025-26 NBA Championship. Team valuations have continued to rise, and MSGS's planned spin-off of the New York Rangers has helped MSGS stock's valuation. There still isn't an attractive investment case in MSGS stock; investors are taking part in a speculative asset class without being able to cash in through a team sale.

Seeking Alpha8/13/2026Neutral

Madison Square Garden Sports Corp. (MSGS) Q4 2026 Earnings Call Transcript

Historical Employee Count of MSGS

Current

522

Change

+1.56%

Minimum

467

Maximum

558

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Jun 30, 2026	522	10-K	Aug 13, 2026	View
Jun 30, 2025	514	10-K	Aug 12, 2025	View
Jun 30, 2024	533	10-K	Aug 13, 2024	View
Jun 30, 2023	558	10-K	Aug 17, 2023	View
Jun 30, 2022	467	10-K	Aug 18, 2022	View

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Madison Square Garden Sports Corp.