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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 44.6 89.2 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?

Madison Square Garden Entertainment Corp.'s P/E (TTM) is 56.79 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MSGE stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 56.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.