Madison Square Garden Sports (MSGS)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $9.8B, Madison Square Garden Sports's free cash flow of $61M (fiscal 2026) would need to grow about 33% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Madison Square Garden Sports's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from MSGS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Madison Square Garden Sports's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $821M | $887M | $1.0B | $1.0B | $1.2B |
| Net income | $51M | $48M | $59M | -$22M | $8M |
| Free cash flow | $177M | $151M | $91M | $88M | $61M |
| EPS (diluted) | $2.10 | $1.89 | $2.44 | -$0.93 | $0.32 |
| Operating margin | 10.5% | 9.6% | 14.2% | 1.4% | 2.5% |
Where the revenue comes from
Revenue by segments, fiscal 2019.
Superinvestors who own MSGS
From each investor's latest 13F filing (what a 13F shows). 11 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| John Rogers Ariel Investments |
Trimmed | $265M | 2.6% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Added | $237M | 2.1% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $150M | 0.12% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Trimmed | $60M | 0.09% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $53M | 0.12% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $22M | 0.01% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $9M | 0.11% | Q2 2026 |
| Mark Boyar Boyar Asset Management |
Trimmed | $9M | 5.1% | Q2 2026 |
| Mason Hawkins Southeastern Asset Management |
Held | $1M | 0.07% | Q2 2026 |
| Jay Petschek Corsair Capital Management |
Held | $932,671 | 0.12% | Q2 2026 |
| Robert Robotti Robotti & Company |
New position | $200,920 | 0.03% | Q2 2026 |
Insider buying
Open-market purchases by Madison Square Garden Sports's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
Get an alert at your buy price
Pick the price you'd be interested at. We'll email you when MSGS trades at or below it.
Free accounts get 3 price alerts. No card needed.
In the full deep dive
Questions
What growth does Madison Square Garden Sports's stock price imply?
At a market value of $9.8B, Madison Square Garden Sports would need its free cash flow to grow about 33% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew -11% a year.
Are Madison Square Garden Sports insiders buying the stock?
No open-market insider purchases of MSGS in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Madison Square Garden Sports?
11 of the superinvestors Investingly tracks hold MSGS in their latest 13F, including John Rogers, Mario Gabelli, Hersh Cohen.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.