GoAI
Get started
Madison Square Garden Sports Corp. logo

Madison Square Garden Sports Corp.

MSGS

NYSECommunication ServicesEntertainment

Open in GoAI

Previous close

$406.16

+$7.64 · +1.92%

Aug 21, 4:00 PM ET

MSGS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

19

Overpriced

Momentum

53

Neutral

Sentiment

62

Bullish

Risk resilience

79

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. It also operates the Madison Square Garden Training Center, a professional sports team performance center in Greenburgh. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.

Industry
Entertainment
Sector
Communication Services
Headquarters
US
CEO
James L. Dolan
Listed since
Sep 17, 2015
Employees
1,007

Market position

Day range

Current $406.16

52-week range

Current $406.16

Open
$396.72
Previous close
$398.52
Volume
155.59K
0.64× average
Average volume
241.67K
Average daily volume
Market cap
9.78B USD
Beta
0.58
Market reference 1
50-day average
$391.84
+3.65% above average
200-day average
$319.93
+26.95% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.69B USD
P/E (TTM)
1,269.25×
P/B (TTM)
-37.26×
P/S (TTM)
8.47×
EV / EBITDA
252.93×
Earnings yield
0.08%
Free cash flow yield
0.63%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
27.74%
Operating margin
2.50%
Net margin
0.67%
Return on equity
-2.95%
Return on assets
0.50%
Return on invested capital
1.31%

Financial health

Debt / equity
-4.34×
Current ratio
0.5×
Altman Z-score
3.72
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends44%27%10%-6%Gross margin, FY2022: 38.44%Gross margin, FY2023: 37.76%Gross margin, FY2024: 39.67%Gross margin, FY2025: 27.03%Gross margin, FY2026: 27.74%Operating margin, FY2022: 10.48%Operating margin, FY2023: 9.60%Operating margin, FY2024: 14.22%Operating margin, FY2025: 1.42%Operating margin, FY2026: 2.50%Net margin, FY2022: 6.23%Net margin, FY2023: 5.39%Net margin, FY2024: 5.72%Net margin, FY2025: -2.16%Net margin, FY2026: 0.67%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 38.44%. Gross margin FY2023 37.76%. Gross margin FY2024 39.67%. Gross margin FY2025 27.03%. Gross margin FY2026 27.74%. Operating margin FY2022 10.48%. Operating margin FY2023 9.60%. Operating margin FY2024 14.22%. Operating margin FY2025 1.42%. Operating margin FY2026 2.50%. Net margin FY2022 6.23%. Net margin FY2023 5.39%. Net margin FY2024 5.72%. Net margin FY2025 -2.16%. Net margin FY2026 0.67%.

Income trends

Revenue

1.15B USD+11.03%

Operating income

28.87M USD+94.95%

Net income

7.76M USD+30.2M USD
Income trends across reported periods1.27B USD800.94M USD330.44M USD−140.06M USDRevenue, FY2022: 821.35M USDRevenue, FY2023: 887.45M USDRevenue, FY2024: 1.03B USDRevenue, FY2025: 1.04B USDRevenue, FY2026: 1.15B USDOperating income, FY2022: 86.08M USDOperating income, FY2023: 85.17M USDOperating income, FY2024: 146.04M USDOperating income, FY2025: 14.81M USDOperating income, FY2026: 28.87M USDNet income, FY2022: 51.13M USDNet income, FY2023: 47.79M USDNet income, FY2024: 58.77M USDNet income, FY2025: −22.44M USDNet income, FY2026: 7.76M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 821.35M USD. Revenue FY2023 887.45M USD. Revenue FY2024 1.03B USD. Revenue FY2025 1.04B USD. Revenue FY2026 1.15B USD. Operating income FY2022 86.08M USD. Operating income FY2023 85.17M USD. Operating income FY2024 146.04M USD. Operating income FY2025 14.81M USD. Operating income FY2026 28.87M USD. Net income FY2022 51.13M USD. Net income FY2023 47.79M USD. Net income FY2024 58.77M USD. Net income FY2025 −22.44M USD. Net income FY2026 7.76M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue1.15B USD1.04B USD1.03B USD887.45M USD821.35M USD
Cost of goods sold833.7M USD758.34M USD619.68M USD552.39M USD505.61M USD
Gross profit320.12M USD280.88M USD407.47M USD335.06M USD315.75M USD
Selling, general, and administrative286M USD266.08M USD261.43M USD249.89M USD229.67M USD
Operating expenses291.25M USD266.08M USD261.43M USD249.89M USD229.67M USD
Interest income2.94M USD4.03M USD2.79M USD2.39M USD313K USD
Interest expense21.09M USD21.65M USD27.59M USD22.88M USD11.74M USD
Depreciation and amortization3.18M USD3.22M USD3.16M USD3.58M USD5.04M USD
Operating income28.87M USD14.81M USD146.04M USD85.17M USD86.08M USD
Net income7.76M USD−22.44M USD58.77M USD47.79M USD51.13M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-5.09%
11 comparable reports
Latest EPS result
1.19
Estimate 0.64 · Beat by 87.40%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.690.69-0.3-1.29Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 0.05, estimate 0.3, surprise -83.33%, Miss. Q2 2025, reported May 2, 2025: actual -0.59, estimate 1.48, surprise -139.86%, Miss. Q3 2025, reported Aug 12, 2025: actual -0.07, estimate -0.42, surprise +83.33%, Beat. Q4 2025, reported Oct 31, 2025: actual -0.37, estimate -1.04, surprise +64.42%, Beat. Q1 2026, reported Feb 5, 2026: actual 0.34, estimate 0.66, surprise -48.48%, Miss. Q2 2026, reported May 8, 2026: actual -0.78, estimate 0.56, surprise -239.29%, Miss. Q3 2026, reported Aug 12, 2026: actual 1.19, estimate 0.635, surprise +87.40%, Beat. Q4 2026, reported Oct 30, 2026: actual —, estimate -1.08, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates469.71M324.32M178.93M33.54MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 357.76M USD, estimate 437.84M USD, surprise -18.29%, Miss. Q2 2025, reported May 2, 2025: actual 424.2M USD, estimate 141.27M USD, surprise +200.27%, Beat. Q3 2025, reported Aug 12, 2025: actual 203.96M USD, estimate 42M USD, surprise +385.61%, Beat. Q4 2025, reported Oct 31, 2025: actual 39.45M USD, estimate 394.58M USD, surprise -90.00%, Miss. Q1 2026, reported Feb 5, 2026: actual 403.42M USD, estimate 395.67M USD, surprise +1.96%, Beat. Q2 2026, reported May 8, 2026: actual 432.2M USD, estimate 429.66M USD, surprise +0.59%, Beat. Q3 2026, reported Aug 12, 2026: actual 278.75M USD, estimate 227.67M USD, surprise +22.44%, Beat. Q4 2026, reported Oct 30, 2026: actual —, estimate 40.63M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$496

22.12% upside
Past 12 months12-month forecastHigh $584Average $496Low $450

Rating distribution

29 ratings
Strong buy00%
Buy2069%
Hold931%
Sell00%
Strong sell00%

Recent analyst actions

8 institutions
Wolfe ResearchdowngradeOutperformPeer Perform

MSGS news

wsj.com

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.

Read source
businesswire.com

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…

Read source
marketbeat.com

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…

Read source
seekingalpha.com

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…

Read source
seekingalpha.com

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

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

Read source
zacks.com

Madison Square Garden (MSGS) Beats Q4 Earnings and Revenue Estimates

Madison Square Garden (MSGS) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to a loss of $0.07 per share a year ago.

Read source

Corporate actions

Corporate action history

Stock split

Effective Apr 20, 2020

701:500

MSGS peers

Verizon Communications Inc. logo

VZ

Verizon Communications Inc.

$49.45

+0.53%

The Walt Disney Company logo

DIS

The Walt Disney Company

$107.76

+0.41%

AT&T Inc. logo

T

AT&T Inc.

$25.31

+0.64%

AT&T Inc. 5.35% GLB NTS 66 logo

TBB

AT&T Inc. 5.35% GLB NTS 66

$19.48

+0.15%

Spotify Technology S.A. logo

SPOT

Spotify Technology S.A.

$533.72

+0.11%

América Móvil, S.A.B. de C.V. logo

AMX

América Móvil, S.A.B. de C.V.

$23.79

+1.71%

ETFs holding MSGS

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
450.93M
Weight
0.40%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
220.83M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
159.11M
Weight
0.09%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Gabelli Opportunities in Live and Sports ETF logoGabelli Opportunities in Live and Sports ETFGOLS
Market value
131.04M
Weight
10.44%
AUM
12.55M USD
Expense ratio
0.90%
Price / 1D
$27.7576+0.40%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
92.14M
Weight
0.21%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
81.48M
Weight
0.08%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares S&P Small-Cap 600 Growth ETF logoiShares S&P Small-Cap 600 Growth ETFIJT
Market value
68.6M
Weight
0.81%
AUM
8.22B USD
Expense ratio
0.18%
Price / 1D
$173.9+0.61%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
67.48M
Weight
0.40%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%

Continue in GoAI

Research MSGS

research.disclaimer