MSGSNYSEServices-Miscellaneous Amusement & RecreationFiscal year ends June 30
Madison Square Garden Sports Corp.
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 13, 2026
$400.00+3.90 (+0.98%)
Close on Oct 19, 2026
- Market cap
- $9.82B
- P/E (TTM)
- 1250.0
- Dividend yield
- 1.75%
Margins
Share of revenue, fiscal years 2013 to 2026
Operating margin
2.5%+21.4 pts over 5 years
Net margin
0.7%+4.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.0% | +9.1% | +22.6% | +0.3% | |
| Operating income | +94.9% | -30.3% | – | – | |
| Net income | – | -45.4% | – | – | |
| EPS, diluted | – | -44.7% | – | – | |
| Free cash flow | -30.4% | -26.0% | – | +1.3% | |
| Dividend per share | 0.0% | 0.0% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -2.9% | 6.8% | -2.8% | |
| Return on assets | -2.0% | -1.1% | 0.5% | |
| Current ratio | 1.90 | 0.50 | 0.50 | |
| Debt to equity | 0.04 | -1.88 | -0.98 | |
| Net debt to EBITDA | 2.05× | -4.29× | 2.93× | |
| Interest coverage | -13.4× | -7.4× | 1.4× | |
| Capex to revenue | 3.4% | 0.1% | 0.1% | |
| Diluted shares | 24M | 24M | 24M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Madison Square Garden Sports generated $576.93M from operations and spent $181.32M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$576.93M
Used
$181.32M
Capital expenditure$8.59M5%Dividends$172.73M95%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.7%
×Asset turnover0.77×
×Equity multiplier-5.53×
=Return on equity, FY2026-2.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 0.7% | 0.77× | -5.53× | -2.8% |
| FY2025 | -2.2% | 0.74× | -5.15× | 8.2% |
| FY2024 | 5.7% | 0.77× | -4.41× | -19.5% |
| FY2023 | 5.4% | 0.68× | -5.40× | -19.7% |
| FY2022 | 6.2% | 0.63× | -7.43× | -29.1% |
| FY2021 | -3.4% | 0.33× | -6.18× | 6.8% |
| FY2020 | -30.2% | 0.24× | 2.07× | -15.1% |
| FY2019 | 1.6% | 0.19× | 1.45× | 0.4% |
| FY2018 | 19.9% | 0.19× | 1.51× | 5.7% |
| FY2017 | -5.5% | 0.36× | 1.45× | -2.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$7.76M
- Cash generatingOperating cash flow above zero$62.66M
- Return on assets improvedROA up on the prior year-1.7% → 0.5%
- Earnings backed by cashOperating cash flow above net income$62.66M vs $7.76M
- Less leverageLong-term debt to assets fell18.1% → 15.7%
- Better liquidityCurrent ratio rose0.45 → 0.50
- No dilutionShare count did not rise24M → 24M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.77 → 0.78