Is Madison Square Garden Sports (MSGS) overvalued or fairly valued?

MarketChacha shows Madison Square Garden Sports's valuation in context — a forward P/E of about -912.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Madison Square Garden Sports's reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (4.34×) from reported figures — education, not a rating.

What is Madison Square Garden Sports's revenue?

Madison Square Garden Sports reported revenue of $1.2B for FY2026, with net profit of $7.8M, per official filings.

What is the share price of Madison Square Garden Sports (MSGS)?

Madison Square Garden Sports last traded at $413.41 (+3.4% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Madison Square Garden Sports

MSGS · NYSE · Communication Services · United States

Snapshot

TickerMSGS

ExchangeNYSE

SectorCommunication Services

IndustryEntertainment

CountryUnited States

Employees522

HeadquartersNew York, United States

Websitewww.msgsports.com

Filings tracked15

About Madison Square Garden Sports

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. It owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. The company's other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. It also operates the Madison Square Garden Training Center, a professional sports team performance center in Greenburgh. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.

Who owns it

Insiders3.5%
Institutions96.5%
Public & other0.0%

588 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.10.74%
Silver Lake Group, LLC9.72%
Starlite Capital Inc6.16%
T. Rowe Price Investment Management, Inc.5.61%
Vanguard Portfolio Management LLC4.89%
Vanguard Capital Management LLC4.08%
Ariel Investments, LLC3.37%
Gates Foundation Trust3.03%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 4.7 points over the period — profitability is trending down.

Cash conversion4.34×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend5.4% → 0.7%

Margin has compressed by about 4.7 points over the period — profitability is trending down.

Growth qualityrev 9% · PAT -45%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $430.2M · EPS 0.34

Est. earnings growth -6.5%

Next fiscal year

Rev $1.1B · EPS -1.96

Est. earnings growth +49.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$1.2B

Net margin

0.7%

Revenue CAGR (3y)

+9.1%

Profit CAGR (3y)

-45.4%

EPS (FY2026)

0.32

Net profit (FY2026)

$7.8M

Ask MarketChacha about MSGS

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin
FY2026	$1.2B	$7.8M	0.32	0.7%
FY2025	$1.0B	$-22.4M	-0.93	-2.2%
FY2024	$1.0B	$58.8M	2.44	5.7%
FY2023	$887.4M	$47.8M	1.89	5.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$432.2M	$-20.0M	-0.83	-4.6%
2025Q4	$403.4M	$8.2M	0.34	2.0%
2025Q3	$39.5M	$-8.8M	-0.37	-22.3%
2025Q1	$424.2M	$-14.2M	-0.59	-3.4%
2024Q4	$357.8M	$1.1M	0.05	0.3%
2024Q3	$53.3M	$-7.5M	-0.31	-14.1%
2024Q1	$430.0M	$37.9M	1.57	8.8%
2023Q4	$326.9M	$14.2M	0.59	4.4%
2023Q3	$43.0M	$-18.8M	-0.79	-43.7%
2023Q1	$382.7M	$52.4M	2.18	13.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/13/2026material
10-K filing
SEC8/13/2026
8-K — Results of operations, Exhibits
SEC5/8/2026material
10-Q filing
SEC5/8/2026
8-K — Executive/director change, Exhibits
SEC5/4/2026material
8-K — Executive/director change, Other events
SEC2/18/2026material
10-Q filing
SEC2/6/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material

2025

8-K — Shareholder vote results
SEC12/9/2025material
8-K — Executive/director change, Exhibits
SEC11/21/2025material
8-K — Material agreement, Exhibits
SEC11/7/2025material
10-Q filing
SEC10/31/2025
8-K — Results of operations, Exhibits
SEC10/31/2025material
8-K — Results of operations, Exhibits
SEC8/12/2025material
10-K filing
SEC8/12/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.