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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
-$219M $421M $1B $0 2021 2022 2023 2024 2025 2026
RevenueNet income
Margins (gross / operating / net)
-413% -199% 15% 0% 2021 2022 2023 2024 2025 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-623% 4208% 9040% 0% 2021 2022 2023 2024 2025 2026
ROEROA
Free cash flow (CFO − capex)
$0 $1 $1 2021 2022 2023 2024 2025 2026
Free cash flow
Cash vs total debt
$0 $327M $655M 2021 2022 2023 2024 2025 2026
CashTotal debt
Cash flow: operating / investing / financing
-$396M $39M $473M $0 2021 2022 2023 2024 2025 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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%

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.

Price / earnings (P/E)
0.0 44.7 89.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 2.4 4.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.