What does return on equity mean?

Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.

Madison Square Garden Entertainment MSGE Return on equity

Discontinued — last reported Q3 '23

Return on equity at other companies

Live Nation EntertainmentLYV

222.2%—

Walt DisneyDIS

13.4%+5.7pp

Sphere EntertainmentSPHR

5.5%+3.2pp

TKO Group HoldingsTKO

6%+1.8pp

Versant Media Group, Inc. VSNT

12.1%—

Other financials

Income statement

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Revenue$246.3M+1.6%

Operating income$16.1M-41.1%

Net income$5.1M-36.4%

EPS (diluted)$0.11-35.3%

Balance sheet

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Cash & equivalents$323.7M+262%

Total debt$1.2B-1.4%

Total equity$48.0M+404%

Total assets$2.0B+12.5%

Cash flow

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Operating cash flow$183.9M+224%

CapEx$10.0M+236%

Free cash flow$173.9M+223%

Valuation

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Market cap$3.47B+77.8%

Enterprise value$4.34B+36.1%

P/E41.3×—

P/S3.4×+1.4×

Profitability

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Operating margin15.2%—

Net margin13.5%—

FCF margin17.3%—

Returns & leverage

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Debt / equity24.7×-102×

Current ratio0.7×+0.1×

Where this comes from

Calculated from Madison Square Garden Entertainment’s reported figures.

net income/total stockholders equity=16.3%

Based on trailing twelve months.

The official record: Madison Square Garden Entertainment’s 10-Q, filed May 9, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Madison Square Garden Entertainment's return on equity?: Madison Square Garden Entertainment (MSGE) reported return on equity of 16.3% in Q1 2023.
What does return on equity mean?: Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.