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Madison Square Garden Sports MSGS Single Operating Segment — Team Operating Expenses

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Other financials

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

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Market cap$8.91B+65.5%
Enterprise value$9.97B+52.5%
P/S8.3×+3.2×

Profitability

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Operating margin8.4%
Net margin-2.1%-2.5pp
FCF margin2.8%

Returns & leverage

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Return on equity-6.8%
Debt / equity0.2×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by Madison Square Garden Sports in its filing.

Tagged under the XBRL concept msgs:TeamOperatingExpenses.

The official record: Madison Square Garden Sports’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Madison Square Garden Sports's single operating segment — team operating expenses?
Madison Square Garden Sports (MSGS) reported single operating segment — team operating expenses of $242.93M in Q1 2026.
How has Madison Square Garden Sports's single operating segment — team operating expenses changed year-over-year?
Madison Square Garden Sports's single operating segment — team operating expenses increased by 15.0% year-over-year, from $211.21M to $242.93M.
What is the long-term trend for Madison Square Garden Sports's single operating segment — team operating expenses?
Over 2 years (2023 to 2025), Madison Square Garden Sports's single operating segment — team operating expenses has grown at a 18.0% compound annual growth rate (CAGR), from $365.02M to $508.3M.
What does single operating segment — team operating expenses mean?
Encompasses all costs directly related to the operation of professional sports teams, including player salaries, coaching staff, scouting, and team travel. This is the primary cost driver for sports-focused business segments.