Madison Square Garden Sports (MSGS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Madison Square Garden Sports

NYSE•Communication Services•Entertainment

$391.16+4.09(0.01%)Pre-market

Market Cap

$9.64B

P/E

1242.0x

P/S

8.4x

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. It 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. The company's 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.

How this company scores

WeakMetricSide Score: 55/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (21/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability11/25

Growth21/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality14/25

Strengths

Rising earningsCash-backed earningsProfit converts from growthImproving margins

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 1242.0x5y range 55.0x – 1242.0x

Currently above its 15-quarter median.

P/S · 8.4x5y range 4.1x – 12.1x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $9.64B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.15B
Q. Revenue: $278.75M
TTM EBITDA: $32.05M
TTM Op. Income: $28.87M
Q. Op. Income: $32.15M
TTM Net Income: $7.76M
Q. Net Income: $28.30M
EPS: $1.171
Shares Out.: $24.17M

$1.15B in TTM revenue grew 11.0% YoY, reaching $278.75M last quarter. TTM EBITDA of $32.05M and TTM operating income of $28.87M show growth is flowing through to the bottom line. TTM net income of $7.76M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 42.8%
EBITDA Margin: 11.8%
Op. Margin: 11.5%
Net Margin: 10.2%

Op. margin of 11.5% is up 22.6% YoY — cost efficiency is improving. Net margin at 10.2% and gross margin of 42.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 204% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 1242.0x
P/S Ratio: 8.4x
P/B Ratio: N/A

At 1242.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 8.4x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 4 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.54B
Cash: $164.51M
Long-Term Debt: $242.00M
Book Value: $-263.30M
D/E Ratio: N/A
Debt/EBITDA: 7.3

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $57.65M
TTM Free Cash Flow: $61.26M
FCF Margin: 5.3%
FCF / Net Income: 7.9

TTM FCF of $61.26M on $57.65M in operating cash flow. The FCF / Net Income ratio of 7.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.