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Madison Square Garden Sports

MSGS

Madison Square Garden Sports Corp. is a leading professional sports company that owns and operates a portfolio of iconic franchises in the New York metropolitan area.

Market cap
$9.57B+95.5%
Revenue$1.1B+1.6%
Net income-$22.3M-562%
Free cash flow$25.3M-71.3%
EPS (diluted)-$0.93-543%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (In 2 weeks)
Revenue estimate$227.7M
EPS estimate$0.64

Financials

Q3 2026

Income statement

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Revenue$432.2M+1.9%
Operating income$2.0M-93.9%
Net income-$20.0M-40.5%
EPS (diluted)-$0.83-40.7%

Balance sheet

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Cash & equivalents$107.0M+10.9%
Total debt$1.2B-1.9%
Total equity-$295.5M-4.2%
Total assets$1.5B+0.3%

Cash flow

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Operating cash flow$57.5M+818%
CapEx$143.0K-93.9%
Free cash flow$57.4M+1,369%

Valuation & ratios

Valuation

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Market cap$9.57B+95.5%
Enterprise value$10.63B+80.2%
P/S8.9×+4.2×

Profitability

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Net margin-2.1%-2.5pp

Returns & leverage

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Current ratio0.5×-0.1×

Segments

By product

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Event-related$162.6M-8.0%
Media rights$140.6M+13.8%
Sponsorship, signage and suite licenses$113.1M-0.5%
League distributions and other$15.8M+55.1%

By segment

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Single Operating Segment$432.2M+1.9%

Competitors

Profile

Madison Square Garden Sports Corp. is a leading professional sports company that owns and operates a portfolio of iconic franchises in the New York metropolitan area. The company's core value proposition centers on its ownership of the New York Knicks and New York Rangers, leveraging their historic brands and passionate fan bases to drive revenue through ticket sales, media rights, and corporate partnerships. It operates primarily through long-term license agreements at Madison Square Garden Arena, benefiting from the nation's largest media market.

Competitive position

The company holds a dominant position in the New York sports market as the owner of two 'Original' franchises in the NBA and NHL. It maintains a unique competitive advantage through a 35-year license at the world-renowned Madison Square Garden Arena.

GeographiesUnited States, New York Metropolitan Area
Customer segmentsRetail Consumers, Enterprise Corporations, Media Distributors
Business modelB2C Ticket Sales, B2B Sponsorship, Licensing, Content Distribution
SuppliersProfessional Athletes, League Governance (NBA/NHL), Arena Infrastructure, Talent Scouts
CustomersSports Fans, Television Networks, Streaming Platforms, Corporate Sponsors, Retail Merchandise Consumers
Listed2015
Employees962.0
CEOJames L. Dolan
FilingsSEC EDGAR

Questions, answered.

What is Madison Square Garden Sports's market cap?
Madison Square Garden Sports (MSGS) has a market capitalization of $9.6B and trades on NYSE.
What is Madison Square Garden Sports's revenue and profitability?
Madison Square Garden Sports generated $1.1B in trailing twelve-month revenue with a net loss of $22.3M, representing a net margin of -2.1%, with free cash flow of $25.3M. These figures are based on the Q1 2026 filing.
Who are Madison Square Garden Sports's competitors?
Madison Square Garden Sports's key competitors include Madison Square Garden Entertainment Corp., Sphere Entertainment Co., TKO Group Holdings, Inc., and others. These companies compete in similar markets and product categories.
Who does Madison Square Garden Sports partner with?
Madison Square Garden Sports's notable partners include JPMorgan Chase, The Walt Disney Company, Amazon, and others.
What subsidiaries does Madison Square Garden Sports have?
Madison Square Garden Sports's subsidiaries include MSG Sports, LLC, New York Knickerbockers, New York Rangers.
Where is Madison Square Garden Sports headquartered?
Madison Square Garden Sports is headquartered in United States of America and employs approximately 962 people. It has been publicly traded since 2015.