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.
- Symbol
- MSGE
- Exchange
- NYSE
- Sector
- Communication Services
- Industry
- Entertainment
- Market cap
- $3.80B
- 52 week range
- 41.65 - 90.41
Valuation
- Share price
- $78.49 (close of 2026-09-23)
- P/E (TTM)
- 57.68x
- Price to book
- 83.11x
- Price to free cash flow
- 10.83x
- Enterprise value
- $4.69B
- Book value per share
- $0.96
Price performance
| Period | Change |
|---|
| 1 day | -3.34% |
| 5 days | -2.97% |
| 1 month | -1.75% |
| 3 months | +2.68% |
| 6 months | +37.70% |
| Year to date | +45.65% |
| 1 year | +70.48% |
| 3 years | +139.01% |
| All time | +145.28% |
Profitability and growth
- Return on equity
- 144.57%
- Return on invested capital
- 10.86%
- 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
- 204.81%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.24%
- Current ratio
- 0.70x
- Net debt to EBITDA
- 4.34x
Latest reported year
- Period end
- 2026-06-30
- 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
- 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 | $57.49M | $-38.75M | $-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% | 144.57% | 10.86% |
| 2025-06-30 | 43.18% | 3.97% | -281.44% | 8.21% |
| 2024-06-30 | 40.70% | 15.04% | -622.92% | 11.04% |
| 2023-06-30 | 35.89% | 9.82% | -110.26% | 13.64% |
| 2022-06-30 | 28.31% | -22.91% | 8391.19% | -0.62% |
| 2021-06-30 | -67.40% | -380.28% | -43.84% | -131.40% |
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 |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-06-30 | $351.44M | $32.44M |
| 2025-06-30 | $115.30M | $27.69M |
| 2024-06-30 | $111.27M | $31.17M |
| 2023-06-30 | $135.69M | $31.81M |
| 2022-06-30 | $95.35M | $39.36M |
| 2021-06-30 | $-148.12M | $40.66M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-12 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-02-03 | - | - |
| 2025-11-06 | - | - |
| 2025-08-13 | - | - |
| 2025-05-06 | - | - |
| 2025-02-06 | - | - |
| 2024-11-08 | - | - |
Filings and sources
- Company website
- msgentertainment.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Netflix Inc (NFLX) · Walt Disney Co (DIS) · Warner Bros. Discovery, Inc. (WBD) · Live Nation Entertainment, Inc. (LYV) · Fox Corp (FOXA) · News Corp (NWSA) · Omnicom Group Inc. (OMC) · Take-Two Interactive Software Inc (TTWO)
All Communication Services companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades