Madison Square Garden Entertainment Corp. (MSGE)

Madison Square Garden Entertainment Corp., through its subsidiaries, engages in live entertainment business. The company produces, presents, and hosts live entertainment events, such as concerts, sporting events, family shows, family shows, performing arts events, and special events. It holds a portfolio of venues that include Madison Square Garden, the Infosys Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. The company also owns and produces the original production, the Christmas Spectacular Starring the Radio City Rockettes. In addition, it engages in the entertainment and sports bookings business that showcase a range of concerts, family shows, and special events, as well as various sporting events. The company was formerly known as MSGE Spinco, Inc. Madison Square Garden Entertainment Corp. was incorporated in 2022 and is based in New York, New York.

Ticker: MSGE
Exchange: NYSE
Sector: Communication Services
Industry: Entertainment
Market cap: $3.65B
52-week range: $43.33 - $90.41

Valuation

Share price: $77.06 (close of Nov 6, 2026)
P/E (TTM): 37.77x
Price to book: 306.68x
Price to free cash flow: 13.48x
Enterprise value: $4.62B
Book value per share: $0.25

Price performance

Period	Change
1 day	+2.20%
5 days	-4.09%
1 month	-3.66%
3 months	+0.51%
6 months	+15.10%
Year to date	+42.99%
1 year	+74.07%
3 years	+152.41%
All time	+140.81%

Short interest

As of: Oct 15, 2026
Short % of float: 7.89%
Shares short: 2.48M
Days to cover: 4.32
Change since prior report: +72.73%
Source: FINRA consolidated short interest

Profitability and growth

Return on invested capital: 8.25%
Return on assets: 3.42%
Return on capital employed: 11.92%
Gross margin: 45.11%
Net margin: 6.24%
EBITDA margin: 18.63%
Revenue growth: 12.52%
Net income growth: 76.82%
Free cash flow growth: 247.13%

Cash flow and balance sheet

Free cash flow yield (TTM): 7.42%
Current ratio: 0.62x
Net debt to EBITDA: 3.98x

Latest reported year

Period end: Jun 30, 2026
Fiscal year: 2026
Revenue: $1.06B
Cost of revenue: $582.30M
Gross profit: $478.49M
EBITDA: $197.60M
Net income: $66.19M
Earnings per share: $1.39
Interest expense: $39.96M
Shares outstanding: 47.46M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-06-30	$1.06B	$478.49M	$66.19M	$1.39
2025-06-30	$942.73M	$407.09M	$37.43M	$0.78
2024-06-30	$959.26M	$390.43M	$144.30M	$2.99
2023-06-30	$779.82M	$279.89M	$76.60M	$1.48
2022-06-30	$582.08M	$164.78M	-$133.34M	-$2.58
2021-06-30	$81.81M	-$14.42M	-$218.61M	-$4.22

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-06-30	45.11%	6.24%	-	8.25%
2025-06-30	43.18%	3.97%	-	7.91%
2024-06-30	40.70%	15.04%	-	10.69%
2023-06-30	35.89%	9.82%	-	12.39%
2022-06-30	28.31%	-22.91%	-	-0.58%
2021-06-30	-17.63%	-267.22%	-43.84%	-19.22%

Cash and debt by year

Period end	Cash	Debt
2026-06-30	$293.60M	$540.33M
2025-06-30	$43.02M	$568.78M
2024-06-30	$33.26M	$599.25M
2023-06-30	$76.09M	$630.18M
2022-06-30	$58.10M	$654.91M
2021-06-30	$317.82M	-
2020-06-30	$1.24B	-
2019-06-30	$1.19B	-
2018-06-30	$1.23B	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-06-30	$323.09M	$32.44M
2025-06-30	$93.08M	$27.69M
2024-06-30	$87.08M	$31.17M
2023-06-30	$120.51M	$31.81M
2022-06-30	$79.55M	$39.36M
2021-06-30	-$158.43M	$40.66M
2020-06-30	$1.88M	$26.11M
2019-06-30	-$92.28M	$35.40M
2018-06-30	-$42.98M	$27.29M
2017-06-30	$54.48M	$22.18M

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	-$0.02
2026-08-12	Jun 2026	-$0.42
2026-05-07	Mar 2026	$0.14
2026-02-03	Dec 2025	$2.35
2025-11-06	Sep 2025	-$0.59
2025-08-13	Jun 2025	-$0.47
2025-05-06	Mar 2025	$0.25
2025-02-06	Dec 2024	$2.16

Filings and sources

Company website: msgentertainment.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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