Madison Square Garden Sports (MSGS) financial statements
Madison Square Garden Sports reported revenue of $1.2B in fiscal 2026, down 1.5% a year over 9 years.
Net income was $8M and the operating margin 2.5%, against -4.3% in 2017.
Free cash flow was $61M, and the company returned $472,000 in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Madison Square Garden Sports's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $712M | $729M | $603M | $416M | $821M | $887M | $1.0B | $1.0B | $1.2B |
| Selling, general and admin | $407M | $291M | $327M | $320M | $207M | $230M | $250M | $261M | $266M | $286M |
| Operating income | -$56M | -$18M | -$58M | -$94M | -$78M | $86M | $85M | $146M | $15M | $29M |
| Interest expense | $4M | $3M | $5M | $4M | $11M | $12M | $23M | $28M | $22M | $21M |
| Pre-tax income | -$81M | -$21M | -$61M | -$98M | -$89M | $74M | $90M | $106M | -$17M | $18M |
| Income tax | -$4M | -$59M | -$13M | $21M | -$73M | $25M | $44M | $47M | $5M | $10M |
| Net income | -$73M | $142M | $11M | -$182M | -$14M | $51M | $48M | $59M | -$22M | $8M |
| EPS (diluted) | -$3.05 | $5.94 | $0.48 | -$7.62 | -$0.58 | $2.10 | $1.89 | $2.44 | -$0.93 | $0.32 |
| Diluted shares | 24M | 24M | 24M | 24M | 24M | 24M | 24M | 24M | 24M | 24M |
| Operating margin | -4.3% | -2.6% | -8.0% | -15.6% | -18.9% | 10.5% | 9.6% | 14.2% | 1.4% | 2.5% |
| Net margin | -5.5% | 19.9% | 1.6% | -30.2% | -3.4% | 6.2% | 5.4% | 5.7% | -2.2% | 0.7% |
Balance sheet
Fiscal years, from Madison Square Garden Sports's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $931,000 | $1M | $113M | $78M | $65M | $91M | $40M | $89M | $145M | $165M |
| Receivables | $102M | $101M | $16M | $7M | $74M | $47M | — | — | — | — |
| Total current assets | $1.4B | $1.4B | $1.4B | $128M | $185M | $205M | $149M | $217M | $251M | $323M |
| Property, plant and equipment | $1.2B | $1.3B | $31M | $40M | $36M | $33M | $31M | $29M | $29M | $27M |
| Goodwill | $380M | $393M | $227M | $227M | $227M | $227M | $227M | $227M | $227M | $227M |
| Total assets | $3.7B | $3.7B | $3.8B | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B | $1.5B | $1.5B |
| Total current liabilities | $762M | $766M | $760M | $290M | $368M | $438M | $521M | $522M | $564M | $642M |
| Long-term debt | $105M | $101M | $0 | $350M | $355M | $220M | $295M | $275M | $267M | $242M |
| Total liabilities | $1.2B | $1.1B | $1.1B | $1.4B | $1.5B | $1.4B | $1.7B | $1.6B | $1.8B | $1.8B |
| Shareholders' equity | $2.4B | $2.5B | $2.6B | -$207M | -$204M | -$147M | -$337M | -$266M | -$281M | -$263M |
| Net debt | $105M | $105M | $2M | $272M | $290M | $129M | $255M | $186M | $122M | $77M |
Cash flow
Fiscal years, from Madison Square Garden Sports's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $224M | $218M | $161M | $4M | -$35M | $178M | $152M | $92M | $92M | $63M |
| Capital spending | $44M | $192M | $189M | $362M | $466,000 | $932,000 | $1M | $1M | $4M | $1M |
| Free cash flow | $179M | $26M | -$28M | -$359M | -$36M | $177M | $151M | $91M | $88M | $61M |
| Stock-based compensation | $41M | $48M | $59M | $57M | $30M | $24M | $25M | $21M | $18M | $22M |
| Dividends paid | — | — | — | — | $0 | $0 | $171M | $701,000 | $633,000 | $472,000 |
| Share buybacks (net) | -$148M | -$12M | $0 | $0 | — | — | — | — | — | — |
| Net borrowing | $0 | -$688,000 | -$109M | -$5M | $0 | $0 | — | — | — | — |
| Free cash flow margin | 13.6% | 3.6% | -3.8% | -59.5% | -8.6% | 21.6% | 17.0% | 8.8% | 8.5% | 5.3% |
| Dividends per share | — | — | — | — | — | — | $7.06 | $0.03 | $0.03 | $0.02 |
Questions
What was Madison Square Garden Sports's revenue in 2026?
$1.2B in fiscal 2026, from its 10-K filing.
How much free cash flow does Madison Square Garden Sports generate?
$61M in fiscal 2026 (operating cash flow minus capital spending).
From Madison Square Garden Sports's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.