12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.0B | -$22M | 0.0% | 1.4% | $88M | $291M | $145M |
| 2024 | $1.0B | $59M | 0.0% | 14.2% | $91M | $305M | $89M |
| 2023 | $887M | $48M | 0.0% | 9.6% | $151M | $325M | $40M |
| 2022 | $821M | $51M | 0.0% | 10.5% | $177M | $250M | $91M |
| 2021 | $416M | -$14M | 0.0% | -18.9% | -$36M | $385M | $65M |
| 2020 | $603M | -$182M | 0.0% | -15.6% | -$359M | $350M | $78M |
| 2019 | $729M | $11M | 0.0% | -8.0% | -$28M | $6M | $4M |
| 2018 | $712M | $142M | 0.0% | -2.6% | $26M | $106M | $1M |
| 2017 | — | -$73M | — | — | $179M | $105M | $931000 |
| 2016 | — | -$77M | — | — | $54M | — | $1.4B |
| 2015 | — | -$41M | — | — | $5M | — | $14M |
| 2014 | — | -$117M | — | — | — | — | $6M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $432M | -$20M | 0.0% | 0.5% | $57M | $259M | $107M |
| Dec '25 | $403M | $8M | 0.0% | 5.5% | $32M | $291M | $81M |
| Sep '25 | $39M | -$9M | 0.0% | -69.5% | -$85M | $291M | $49M |
| Jun '25 | $204M | -$2M | 0.0% | -11.1% | $49M | $291M | $145M |
| Mar '25 | $424M | -$14M | 0.0% | 7.6% | $4M | $291M | $97M |
| Dec '24 | $358M | $1M | 0.0% | 3.7% | $61M | $305M | $108M |
| Sep '24 | $53M | -$8M | 0.0% | -15.5% | -$27M | $305M | $52M |
| Jun '24 | $227M | $25M | 0.0% | 23.0% | $108M | $305M | $89M |
| Mar '24 | $430M | $38M | 0.0% | 18.5% | $4M | $360M | $40M |
| Dec '23 | $327M | $14M | 0.0% | 8.8% | $33M | $360M | $38M |
| Sep '23 | $43M | -$19M | 0.0% | -34.4% | -$55M | $400M | $51M |
| Jun '23 | $127M | -$9M | 0.0% | -9.6% | $38M | $325M | $40M |
| Mar '23 | $383M | $52M | 0.0% | 21.4% | $83M | $380M | $65M |
| Dec '22 | $354M | $22M | 0.0% | 14.6% | $30M | $435M | $44M |
| Sep '22 | $24M | -$18M | 0.0% | -149.0% | $1M | $250M | $81M |
| Jun '22 | $175M | $27M | 0.0% | 13.5% | $114M | $250M | $91M |
| Mar '22 | $338M | $25M | 0.0% | 18.2% | $40M | $315M | $49M |
| Dec '21 | $290M | $16M | 0.0% | 12.4% | $43M | $360M | $55M |
| Sep '21 | $19M | -$16M | 0.0% | -185.9% | -$19M | $385M | $34M |
| Jun '21 | $147M | $50M | 0.0% | -14.1% | $19M | $385M | $65M |
How the market has priced MSGS 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.
Over the past 5 years, Madison Square Garden Sports Corp.'s revenue has grown 11.5% per year. These are computed facts, not advice.
As of FY2025, Madison Square Garden Sports Corp. reported $291M of total debt against $145M of cash; operating income covered interest expense 0.7×.
In FY2025, gross margin was —, operating margin 1.4%, and net margin -2.2%.
As of Jun '26, Madison Square Garden Sports Corp. traded at a price-to-earnings ratio of about 78.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
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.