MSGS vs PSKY: Madison Square Garden Sports and Paramount Skydance compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Paramount Skydance is the larger company, worth $10.2B, close to Madison Square Garden Sports's $9.8B.
- Madison Square Garden Sports grew revenue faster over the last year (+36.7% vs -1.5%).
- Madison Square Garden Sports keeps more of each dollar of revenue as operating profit (2.5% vs -18.0%).
- Madison Square Garden Sports's price assumes faster free cash flow growth: about 33% a year, against 6% for Paramount Skydance (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | MSGS | PSKY |
|---|---|---|
| Market cap | $9.8B | $10.2B |
| Share price | $402.30 | $9.16 |
| Revenue (last fiscal year) | $1.2B | $29.2B |
| Free cash flow (last fiscal year) | $61M | $489M |
| Revenue growth, last year | +36.7% | -1.5% |
| Revenue growth per year, last 5 fiscal years | +8.9% | -1.5% |
| Operating margin | 2.5% | -18.0% |
| Net margin | 0.67% | -21.2% |
| Return on equity | — | -52.6% |
| P/E (trailing) | — | — |
| Price / free cash flow | 111.7x | 20.9x |
| EV / EBITDA | 257.6x | — |
| FCF growth the price implies | 33.0% | 5.6% |
| Dividend yield | — | 2.2% |
| Debt / equity | — | 2.68x |
| Fundamental grade | D | F |
| Superinvestors holding it | 11 | 2 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Madison Square Garden Sports
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $821M | $177M | 10.5% |
| 2023 | $887M | $151M | 9.6% |
| 2024 | $1.0B | $91M | 14.2% |
| 2025 | $1.0B | $88M | 1.4% |
| 2026 | $1.2B | $61M | 2.5% |
Paramount Skydance
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2023 | $29.7B | $147M | -1.5% |
| 2024 | $29.2B | $489M | -18.0% |
Where the revenue comes from
Madison Square Garden Sports · by segments, 2019
Madison Square Garden Entertainment$820M50%
Madison Square Garden Sports$813M50%
Paramount Skydance · by segments, 2024
TV Media$18.8B64%
Direct-to-Consumer$7.6B26%
Filmed Entertainment$3.0B10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open MSGS in InvestinglyQuestions
Which is bigger, Madison Square Garden Sports or Paramount Skydance?
Paramount Skydance (PSKY), at $10.2B against $9.8B.
Which grows faster, MSGS or PSKY?
Madison Square Garden Sports: revenue grew +36.7% over the last year, against -1.5%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.