MSGE Financials Madison Square Garden Entertainment Corp.
6 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 79.1% per year over the past 5 years.
Operating margin has expanded, at 13.3% in the latest year.
Financial health
Total debt ($540M) exceeds cash ($294M); net debt is $247M.
Total debt has grown slower than revenue (-4.7% vs 79.1% per year).
Operating income covered interest expense 3.5× in the latest year.
Total debt is 2.7× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$1.1B
$66M
0.0%
13.3%
144.6%
3.4%
—
$540M
$294M
2025
$943M
$37M
0.0%
13.0%
-281.4%
2.2%
—
$569M
$43M
2024
$959M
$144M
0.0%
11.7%
-622.9%
9.3%
—
$599M
$33M
2023
$780M
$77M
0.0%
13.5%
-110.3%
5.5%
—
$630M
$76M
2022
$582M
-$133M
0.0%
-1.0%
9039.7%
-8.7%
—
$655M
$58M
2021
$57M
-$219M
0.0%
-412.8%
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$271M
-$10M
0.0%
-3.2%
-21.8%
-0.5%
—
$540M
$294M
Mar '26
$211M
$5M
0.0%
7.6%
10.6%
0.3%
—
$547M
$323M
Dec '25
$425M
$93M
0.0%
38.6%
257.4%
5.1%
—
$555M
$157M
Sep '25
$154M
-$22M
0.0%
-19.3%
32.9%
-1.3%
—
$582M
$30M
Jun '25
$225M
-$27M
0.0%
-11.4%
204.3%
-1.6%
—
$569M
$43M
Mar '25
$206M
$8M
0.0%
13.3%
84.4%
0.5%
—
$577M
$89M
Dec '24
$378M
$76M
0.0%
36.8%
734.8%
4.8%
—
$585M
$55M
Sep '24
$134M
-$19M
0.0%
-13.8%
39.7%
-1.2%
—
$647M
$37M
Jun '24
$178M
$67M
0.0%
-5.0%
-288.9%
4.3%
—
$599M
$33M
Mar '24
$192M
$3M
0.0%
8.8%
-3.0%
0.2%
—
$602M
$28M
Dec '23
$377M
$125M
0.0%
36.4%
-122.7%
8.8%
—
$606M
$35M
Sep '23
$140M
-$51M
0.0%
-23.9%
21.5%
-3.8%
—
$699M
$37M
Jun '23
$143M
-$24M
0.0%
-15.2%
35.2%
-1.7%
—
$630M
$76M
Mar '23
$169M
$22M
0.0%
14.6%
49.9%
1.4%
—
$660M
—
Dec '22
$323M
$97M
0.0%
35.1%
—
—
—
—
—
Sep '22
$144M
-$18M
0.0%
-7.8%
—
—
—
—
—
Jun '22
$168M
-$71M
0.0%
-3.3%
4840.9%
-4.7%
—
$655M
$58M
Mar '22
$164M
-$4M
0.0%
9.7%
—
—
—
—
—
Valuation over time
How the market has priced MSGE against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 20.8× (Jun '23) to 55.9× (Sep '26).
The price-to-sales ratio has fallen from 4.8× (Mar '23) to 3.5× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is MSGE growing its revenue and profit?
Over the past 5 years, Madison Square Garden Entertainment Corp.'s revenue has grown 79.1% per year. These are computed facts, not advice.
How much debt does MSGE have?
As of FY2026, Madison Square Garden Entertainment Corp. reported $540M of total debt against $294M of cash; operating income covered interest expense 3.5×.
What is MSGE's profit margin?
In FY2026, gross margin was —, operating margin 13.3%, and net margin 6.2%.
What is MSGE's P/E ratio?
As of Sep '26, Madison Square Garden Entertainment Corp. traded at a price-to-earnings ratio of about 55.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.