Madison Square Garden Sports
MSGS · NYSEServices-Miscellaneous Amusement & Recreation · Fiscal year ends Jun 30
Madison Square Garden Sports reported revenue of $1.2B in the fiscal year ended Jun 2026, up 11.0% from the year before. Operating income was $29M, an operating margin of 2.5%, and net income was $8M. Operating cash flow of $63M less capital expenditure of $1M left free cash flow of $61M. Net debt was $94M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $821M | $887M | $1B | $1B | $1.2B |
| Selling, general & admin | $230M | $250M | $261M | $266M | $286M |
| Operating income | $86M | $85M | $146M | $15M | $29M |
| Interest expense | $12M | $23M | $28M | $22M | $21M |
| Pre-tax income | $74M | $90M | $106M | −$17M | $18M |
| Income tax | $25M | $44M | $47M | $5M | $10M |
| Net income | $51M | $48M | $59M | −$22M | $8M |
| Diluted EPS | 2.10 | 1.89 | 2.44 | −0.93 | 0.32 |
| Diluted shares | 24M | 24M | 24M | 24M | 24M |
Balance sheet
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $91M | $40M | $89M | $145M | $165M |
| Receivables | $47M | – | – | – | – |
| Current assets | $205M | $149M | $217M | $251M | $323M |
| Net PP&E | $33M | $31M | $29M | $29M | $27M |
| Goodwill | $227M | $227M | $227M | $227M | $227M |
| Total assets | $1.3B | $1.3B | $1.3B | $1.5B | $1.5B |
| Payables | $11M | – | – | – | – |
| Deferred revenue | $132M | $157M | $149M | $164M | $165M |
| Current liabilities | $438M | $521M | $522M | $564M | $642M |
| Short-term debt | $30M | $30M | $30M | $24M | $17M |
| Long-term debt | $220M | $295M | $275M | $267M | $242M |
| Total liabilities | $1.4B | $1.7B | $1.6B | $1.8B | $1.8B |
| Shareholders' equity | −$147M | −$337M | −$266M | −$281M | −$263M |
| Backlog (remaining obligations) | $359M | $354M | $340M | $433M | $573M |
Cash flow
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $178M | $152M | $92M | $92M | $63M |
| Capital expenditure | $932,000 | $1M | $1M | $4M | $1M |
| Free cash flow | $177M | $151M | $91M | $88M | $61M |
| Depreciation & amortisation | $5M | $4M | $3M | $3M | $3M |
| Stock-based compensation | $24M | $25M | $21M | $18M | $22M |
| Dividends paid | $0 | $171M | $701,000 | $633,000 | $472,000 |
| Dividend per share | – | 7.00 | 7.00 | 7.00 | 7.00 |
Key ratios
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.0% | 15.7% | 1.2% | 11.0% |
| Operating income growth (YoY) | – | −1.1% | 71.5% | −89.9% | 94.9% |
| EPS growth (YoY) | – | −10.0% | 29.1% | −138.1% | – |
| Operating margin | 10.5% | 9.6% | 14.2% | 1.4% | 2.5% |
| Net margin | 6.2% | 5.4% | 5.7% | −2.2% | 0.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 10.0% | 10.7% | 17.7% | 1.6% | 3.2% |
| Free cash flow margin | 21.6% | 17.0% | 8.8% | 8.5% | 5.3% |
| Cash conversion (CFO ÷ net income) | 3.48x | 3.19x | 1.57x | −4.08x | 8.08x |
| Receivable days | 21 | – | – | – | – |
| Interest cover | 7.34x | 3.72x | 5.29x | 0.68x | 1.37x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $159M | $285M | $216M | $146M | $94M |
| Current ratio | 0.47x | 0.29x | 0.42x | 0.45x | 0.50x |
Recent filings
More in Services-Miscellaneous Amusement & Recreation
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.