MSGE

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Madison Square Garden Entertainment Corp. Class A

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Key Metrics

Previous Close: $82.43
52-Week Range: $37.21 – $90.41
Market Cap: $3.78B
P/E (TTM): 57.85
EPS (TTM): 1.38
Dividend Yield: —

Advanced Metrics

Price/Book: 82.47
PEG Ratio: —
Return on Equity: 407.54%
Return on Assets: 5.81%
Gross Margin: 47.34%
Operating Margin: -4.72%
Profit Margin: 6.24%
Current Ratio: 0.70
Debt/Equity: 25.67
Total Debt: $1.18B
Free Cash Flow: $343.93M
Revenue Growth: 27.40%
Earnings Growth: —
Enterprise Value: $4.66B

MSGE Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$653.49M	$851.50M	$959.26M	$942.73M
Cost of Revenue	$417.30M	$499.93M	$568.84M	$535.64M
Gross Profit	$236.19M	$351.57M	$390.43M	$407.09M
Selling, General & Admin	$167.13M	$180.22M	$206.96M	$214.97M
Operating Expenses	$236.67M	$236.32M	$260.84M	$272.74M
Operating Income	-$477.00K	$115.25M	$129.59M	$134.35M
EBITDA	-$13.63M	$190.10M	$164.12M	$173.84M
Pretax Income	-$136.27M	$77.77M	$52.29M	$65.56M
Income Tax	-$70.00K	$1.73M	-$92.01M	$28.13M
Net Income	-$133.34M	$76.60M	$144.30M	$37.43M
Diluted EPS	-2.61	1.47	2.97	0.77
Diluted Shares	51.13M	52.28M	48.59M	48.33M

MSGE Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$58.10M	$76.09M	$33.26M	$43.02M
Receivables	$204.94M	$144.62M	$102.57M	$96.92M
Inventory	$2.75M	$2.56M	$3.87M	$3.75M
Current Assets	$341.45M	$295.28M	$219.08M	$237.13M
Total Assets	$1.53B	$1.40B	$1.55B	$1.67B
Current Liabilities	$545.09M	$540.64M	$505.82M	$502.40M
Long-Term Debt	$654.91M	$630.18M	$599.25M	$568.78M
Total Debt	$956.79M	$902.92M	$1.07B	$1.20B
Total Liabilities	$1.53B	$1.47B	$1.58B	$1.68B
Retained Earnings	$0.00	-$28.70M	$115.60M	$153.03M
Shareholders' Equity	-$1.48M	-$69.47M	-$23.16M	-$13.30M
Working Capital	-$203.64M	-$245.36M	-$286.74M	-$265.27M
Net Debt	$605.57M	$570.35M	$582.24M	$556.23M

MSGE Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$95.35M	$135.69M	$111.27M	$115.30M
Capital Expenditure	-$15.80M	-$15.19M	-$24.18M	-$22.22M
Free Cash Flow	$79.55M	$120.51M	$87.08M	$93.08M
Depreciation & Amortisation	$69.53M	$60.46M	$53.88M	$57.77M
Stock-Based Compensation	$39.36M	$31.81M	$31.17M	$27.69M
Investing Cash Flow	$45.44M	$30.30M	-$62.37M	-$23.69M
Financing Cash Flow	-$396.29M	-$144.22M	-$99.69M	-$81.62M
Share Repurchases	$0.00	-$25.00M	-$50.87M	-$39.69M
Net Change in Cash	-$255.50M	$21.78M	-$50.80M	$9.98M

MSGE Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$242.47M	$154.14M	$158.26M	$459.94M	$246.26M
Cost of Revenue	$138.87M	$101.99M	$102.37M	$212.66M	$146.79M
Gross Profit	$103.59M	$52.15M	$55.89M	$247.28M	$99.47M
Selling, General & Admin	$52.11M	$59.93M	$56.59M	$68.36M	$60.95M
Operating Expenses	$66.48M	$75.36M	$70.66M	$82.34M	$74.74M
Operating Income	$37.11M	-$23.21M	-$14.77M	$164.94M	$24.72M
EBITDA	$41.46M	-$15.03M	-$15.32M	$177.94M	$31.43M
Pretax Income	$15.29M	-$42.17M	-$40.42M	$153.53M	$8.22M
Income Tax	$7.25M	-$14.99M	-$18.77M	$60.82M	$3.12M
Net Income	$8.04M	-$27.18M	-$21.65M	$92.72M	$5.11M
Diluted EPS	0.17	-0.57	-0.46	1.94	0.11
Diluted Shares	48.27M	47.61M	47.48M	47.84M	48.13M

MSGE Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$88.95M	$43.02M	$29.95M	$157.06M	$323.09M
Receivables	$125.18M	$96.92M	$111.36M	$167.35M	$129.33M
Inventory	$4.07M	$3.75M	$4.61M	$3.77M	$3.05M
Current Assets	$307.59M	$237.13M	$264.22M	$420.15M	$538.63M
Total Assets	$1.74B	$1.67B	$1.68B	$1.82B	$1.96B
Current Liabilities	$537.57M	$502.40M	$547.66M	$618.49M	$753.21M
Long-Term Debt	$577.41M	$568.78M	$581.68M	$554.57M	$547.45M
Total Debt	$1.20B	$1.20B	$1.22B	$1.20B	$1.19B
Total Liabilities	$1.73B	$1.68B	$1.75B	$1.79B	$1.91B
Retained Earnings	$180.21M	$153.03M	$131.38M	$224.09M	$229.21M
Shareholders' Equity	$9.53M	-$13.30M	-$65.80M	$36.01M	$48.01M
Working Capital	-$229.98M	-$265.27M	-$283.44M	-$198.34M	-$214.59M
Net Debt	$516.89M	$556.23M	$582.20M	$427.98M	$254.82M

MSGE Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$56.81M	-$27.01M	$19.81M	$164.39M	$183.86M
Capital Expenditure	-$2.96M	-$4.07M	-$5.95M	-$8.33M	-$9.96M
Free Cash Flow	$53.85M	-$31.08M	$13.86M	$156.06M	$173.90M
Depreciation & Amortisation	$14.37M	$15.43M	$14.07M	$13.98M	$13.79M
Stock-Based Compensation	$6.25M	$5.86M	$7.29M	$10.04M	$6.69M
Investing Cash Flow	-$3.10M	-$4.31M	-$6.80M	-$8.49M	-$10.16M
Financing Cash Flow	-$19.46M	-$14.61M	-$26.08M	-$28.79M	-$7.62M
Share Repurchases	-$14.69M	$0.00	-$25.00M	$0.00	$0.00
Net Change in Cash	$34.26M	-$45.94M	-$13.07M	$127.11M	$166.08M

Market Snapshot

About

Madison Square Garden Entertainment Corp. owns and operates premier entertainment venues and creates live entertainment experiences. The company operates iconic venues including Madison Square Garden Arena, Radio City Music Hall, and the Beacon Theatre in New York. It produces and presents concerts, family shows, and special events across its portfolio of properties.