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MSGE · NYSE · United States · Services-Miscellaneous Amusement & Recreation
In shortMadison Square Garden Entertainment Corp. is profitable, generates cash and carries heavy debt, with revenue growing (+12.5% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 13.3% | 61/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 6.2% | 45/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 407.5% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 14.2% | 95/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.70× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 12.47× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.40× | 74/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.54× | 19/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.12 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 33.1% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 5.31× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 306.7% | 0/100 |
| Operating margin volatility | 6.0% | 54/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 7.6% | 59/100 |
|---|---|---|
| EPS growth, 3-year average | -2.1% | 15/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 653 | 851 | 959 | 943 | 1,061 |
| Selling, general & admin | 167 | 180 | 207 | 215 | 253 |
| Operating income | (5.6) | 105 | 112 | 122 | 142 |
| Interest expense | 53 | 52 | 58 | 51 | 40 |
| Pre-tax income | – | – | 52 | 66 | 107 |
| Income tax | (0.1) | 1.7 | (92) | 28 | 41 |
| Net income | (133) | 77 | 144 | 37 | 66 |
| Diluted EPS | −$2.58 | $1.47 | $2.97 | $0.77 | $1.38 |
| Diluted shares (millions) | 52 | 52 | 49 | 48 | 48 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
0.12 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 12, 2026