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Madison Square Garden Entertainment share price today

Madison Square Garden Entertainment Corp. · MSGE · Communication Services · Entertainment · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Madison Square Garden Entertainment share price: $78.73 at the close on 4 November 2026, +69.3% in a year.

Turning aroundBusiness trend from the last 12 quarters
$78.73Price +69.3% in a year
39.0×P/E over 3.3 years
$196 MRevenue (Jun 2026) +27.4% on a year ago
−$10.0 MProfit (Jun 2026)
−4.7%Operating margin +13.7 points on a year ago
145%ROE FY26
13.0%ROIC against a 6.1% cost of capital: +6.9 points

Madison Square Garden Entertainment Corp.'s earnings have grown faster than its share price. Earnings per share grew +79.2% in a year while the price moved +69.3%.

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high.

The price has been rising for 54 weeks. Over the last four quarters, results have been improving, and 233% of the last 3 years' profit came in as cash. What will decide it: the next one or two quarters of results.

What is the Madison Square Garden Entertainment share price today?

Madison Square Garden Entertainment Corp.'s share price was $78.73 at the close on 4 November 2026. It has been rising for 54 weeks. That is 11.2% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 2 weeks in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Madison Square Garden Entertainment Corp. is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between $46 and $85, and at that close it sat 83% of the way up from that low.

1Y

Nov 2026: $78.73, 11.2% above its 200-day average. The price has been rising for 54 weeks.

  • Price $78.73
  • 50-day avg $79.18
  • 200-day avg $70.80
Nov 2026: $78.73, 11.2% above its 200-day average. The price has been rising for 54 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025$44.16$43.66$37.92
7 Nov 2025$46.51$44.15$38.15
14 Nov 2025$46.00$44.90$38.44
21 Nov 2025$47.80$45.33$38.72
28 Nov 2025$49.47$45.64$38.94
5 Dec 2025$51.79$46.18$39.27
12 Dec 2025$54.72$46.94$39.73
19 Dec 2025$52.62$47.77$40.21
26 Dec 2025$54.01$48.59$40.65
2 Jan 2026$54.34$49.36$41.10
9 Jan 2026$55.01$50.24$41.61
16 Jan 2026$59.48$51.75$42.26
23 Jan 2026$61.24$52.86$42.83
30 Jan 2026$61.87$54.23$43.59
6 Feb 2026$60.85$55.52$44.35
13 Feb 2026$62.51$56.62$45.05
20 Feb 2026$63.71$57.59$45.66
27 Feb 2026$63.14$58.39$46.29
6 Mar 2026$58.84$59.17$46.84
13 Mar 2026$55.71$59.52$47.35
20 Mar 2026$56.16$59.82$47.85
27 Mar 2026$55.70$59.77$48.33
2 Apr 2026$60.34$59.71$48.77
10 Apr 2026$60.60$59.73$49.31
17 Apr 2026$62.78$59.76$49.85
24 Apr 2026$63.46$59.97$50.43
1 May 2026$67.66$60.28$51.08
8 May 2026$65.27$60.73$51.72
15 May 2026$68.33$61.26$52.39
22 May 2026$69.64$62.38$53.18
29 May 2026$70.53$63.44$53.81
5 Jun 2026$72.08$64.92$54.69
12 Jun 2026$73.49$66.50$55.54
18 Jun 2026$73.43$67.59$56.22
26 Jun 2026$80.30$69.23$57.13
2 Jul 2026$78.39$70.66$57.86
10 Jul 2026$74.24$71.83$58.60
17 Jul 2026$75.25$72.65$59.32
24 Jul 2026$76.26$73.77$60.09
31 Jul 2026$77.26$74.69$60.96
7 Aug 2026$76.55$75.43$61.78
14 Aug 2026$85.44$76.61$62.72
21 Aug 2026$79.89$77.57$63.65
28 Aug 2026$78.30$78.08$64.49
4 Sep 2026$77.41$78.21$65.25
11 Sep 2026$79.19$77.94$65.84
18 Sep 2026$79.02$78.30$66.59
25 Sep 2026$79.09$78.85$67.31
2 Oct 2026$79.87$79.26$67.98
9 Oct 2026$80.84$79.64$68.70
16 Oct 2026$77.76$79.83$69.33
23 Oct 2026$77.81$79.60$69.95
30 Oct 2026$80.35$79.22$70.50
4 Nov 2026$78.73$79.18$70.80
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: $78.73, 11.2% above its 200-day average. The price has been rising for 54 weeks.

  • Price $78.73
  • 50-day avg $79.18
  • 200-day avg $70.80
Nov 2026: $78.73, 11.2% above its 200-day average. The price has been rising for 54 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023$31.47$31.98–
10 Nov 2023$29.17$31.73–
17 Nov 2023$30.64$31.50–
24 Nov 2023$31.52$31.35–
1 Dec 2023$30.80$31.12–
8 Dec 2023$32.20$30.94–
15 Dec 2023$31.16$30.84–
22 Dec 2023$31.15$30.74–
29 Dec 2023$31.79$30.64–
5 Jan 2024$30.34$30.65–
12 Jan 2024$32.14$30.78–
19 Jan 2024$33.48$30.95–
26 Jan 2024$33.52$31.43–
2 Feb 2024$33.76$31.81$32.69
9 Feb 2024$36.81$32.29$32.79
16 Feb 2024$37.62$32.94$32.90
23 Feb 2024$37.42$33.43$32.98
1 Mar 2024$38.83$34.05$33.17
8 Mar 2024$37.97$34.69$33.27
15 Mar 2024$37.40$35.34$33.31
22 Mar 2024$38.51$36.12$33.33
28 Mar 2024$39.21$36.64$33.35
5 Apr 2024$39.79$37.24$33.39
12 Apr 2024$39.16$37.82$33.55
19 Apr 2024$37.94$38.19$33.66
26 Apr 2024$39.42$38.43$33.80
3 May 2024$40.30$38.67$33.92
10 May 2024$37.21$38.77$34.03
17 May 2024$37.08$38.63$34.09
24 May 2024$35.53$38.50$34.17
31 May 2024$35.54$38.27$34.23
7 Jun 2024$34.23$37.89$34.31
14 Jun 2024$33.11$37.35$34.36
21 Jun 2024$33.63$36.85$34.40
28 Jun 2024$34.23$36.37$34.44
5 Jul 2024$34.44$36.04$34.47
12 Jul 2024$37.21$35.62$34.53
19 Jul 2024$37.89$35.45$34.66
26 Jul 2024$38.91$35.58$34.81
2 Aug 2024$36.55$35.70$34.96
9 Aug 2024$37.31$35.81$35.09
16 Aug 2024$40.50$36.13$35.30
23 Aug 2024$41.81$36.81$35.56
30 Aug 2024$42.22$37.68$35.89
6 Sep 2024$40.02$38.23$36.10
13 Sep 2024$40.29$38.77$36.32
20 Sep 2024$42.13$39.44$36.60
27 Sep 2024$42.14$39.81$36.86
4 Oct 2024$41.84$40.16$37.12
11 Oct 2024$42.31$40.47$37.38
18 Oct 2024$43.32$41.15$37.68
25 Oct 2024$42.19$41.60$37.96
1 Nov 2024$40.92$41.70$38.21
8 Nov 2024$39.15$41.65$38.40
15 Nov 2024$36.39$41.28$38.49
22 Nov 2024$36.28$40.91$38.51
29 Nov 2024$36.99$40.54$38.51
6 Dec 2024$37.57$40.17$38.52
13 Dec 2024$34.37$39.50$38.46
20 Dec 2024$33.40$38.68$38.35
27 Dec 2024$33.25$37.90$38.26
3 Jan 2025$35.89$37.33$38.22
10 Jan 2025$34.31$36.73$38.14
17 Jan 2025$35.96$36.10$38.05
24 Jan 2025$36.31$35.64$37.97
31 Jan 2025$36.34$35.56$37.90
7 Feb 2025$36.73$35.57$37.85
14 Feb 2025$37.87$35.69$37.81
21 Feb 2025$35.99$35.59$37.75
28 Feb 2025$34.53$35.52$37.65
7 Mar 2025$31.85$35.43$37.55
14 Mar 2025$31.42$35.19$37.42
21 Mar 2025$33.85$34.96$37.37
28 Mar 2025$33.71$34.86$37.35
4 Apr 2025$29.69$34.50$37.31
11 Apr 2025$30.30$33.89$37.23
17 Apr 2025$30.69$33.46$37.16
25 Apr 2025$32.66$32.87$37.08
2 May 2025$33.55$32.40$36.98
9 May 2025$36.18$32.47$36.92
16 May 2025$38.32$32.93$36.89
23 May 2025$36.55$33.52$36.90
30 May 2025$37.11$33.88$36.89
6 Jun 2025$37.77$34.25$36.85
13 Jun 2025$36.39$34.62$36.74
20 Jun 2025$38.44$35.23$36.65
27 Jun 2025$40.50$36.19$36.66
3 Jul 2025$40.01$36.95$36.66
11 Jul 2025$39.48$37.57$36.59
18 Jul 2025$40.27$38.24$36.56
25 Jul 2025$39.79$38.59$36.51
1 Aug 2025$36.88$38.60$36.42
8 Aug 2025$38.02$38.73$36.29
15 Aug 2025$36.83$38.80$36.18
22 Aug 2025$39.33$38.80$36.08
29 Aug 2025$40.71$39.12$36.04
5 Sep 2025$40.86$39.16$36.10
12 Sep 2025$44.27$39.44$36.27
19 Sep 2025$45.15$40.05$36.48
26 Sep 2025$45.29$40.57$36.67
3 Oct 2025$45.58$41.15$36.94
10 Oct 2025$41.77$41.57$37.17
17 Oct 2025$43.90$42.19$37.43
24 Oct 2025$45.75$42.94$37.68
31 Oct 2025$44.16$43.66$37.92
7 Nov 2025$46.51$44.15$38.15
14 Nov 2025$46.00$44.90$38.44
21 Nov 2025$47.80$45.33$38.72
28 Nov 2025$49.47$45.64$38.94
5 Dec 2025$51.79$46.18$39.27
12 Dec 2025$54.72$46.94$39.73
19 Dec 2025$52.62$47.77$40.21
26 Dec 2025$54.01$48.59$40.65
2 Jan 2026$54.34$49.36$41.10
9 Jan 2026$55.01$50.24$41.61
16 Jan 2026$59.48$51.75$42.26
23 Jan 2026$61.24$52.86$42.83
30 Jan 2026$61.87$54.23$43.59
6 Feb 2026$60.85$55.52$44.35
13 Feb 2026$62.51$56.62$45.05
20 Feb 2026$63.71$57.59$45.66
27 Feb 2026$63.14$58.39$46.29
6 Mar 2026$58.84$59.17$46.84
13 Mar 2026$55.71$59.52$47.35
20 Mar 2026$56.16$59.82$47.85
27 Mar 2026$55.70$59.77$48.33
2 Apr 2026$60.34$59.71$48.77
10 Apr 2026$60.60$59.73$49.31
17 Apr 2026$62.78$59.76$49.85
24 Apr 2026$63.46$59.97$50.43
1 May 2026$67.66$60.28$51.08
8 May 2026$65.27$60.73$51.72
15 May 2026$68.33$61.26$52.39
22 May 2026$69.64$62.38$53.18
29 May 2026$70.53$63.44$53.81
5 Jun 2026$72.08$64.92$54.69
12 Jun 2026$73.49$66.50$55.54
18 Jun 2026$73.43$67.59$56.22
26 Jun 2026$80.30$69.23$57.13
2 Jul 2026$78.39$70.66$57.86
10 Jul 2026$74.24$71.83$58.60
17 Jul 2026$75.25$72.65$59.32
24 Jul 2026$76.26$73.77$60.09
31 Jul 2026$77.26$74.69$60.96
7 Aug 2026$76.55$75.43$61.78
14 Aug 2026$85.44$76.61$62.72
21 Aug 2026$79.89$77.57$63.65
28 Aug 2026$78.30$78.08$64.49
4 Sep 2026$77.41$78.21$65.25
11 Sep 2026$79.19$77.94$65.84
18 Sep 2026$79.02$78.30$66.59
25 Sep 2026$79.09$78.85$67.31
2 Oct 2026$79.87$79.26$67.98
9 Oct 2026$80.84$79.64$68.70
16 Oct 2026$77.76$79.83$69.33
23 Oct 2026$77.81$79.60$69.95
30 Oct 2026$80.35$79.22$70.50
4 Nov 2026$78.73$79.18$70.80
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

Price stage: Rising from Oct 2025 to Nov 2026.

Price stage: Rising from Aug 2024 to Nov 2024; Sideways from Nov 2024 to Jun 2025; Sideways from Jun 2025 to Oct 2025; Rising from Oct 2025 to Nov 2026.

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?

Ahead in 103 of 173 weeks

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
21 Apr 2023no S&P 500 reading
28 Apr 2023no S&P 500 reading
5 May 2023no S&P 500 reading
12 May 2023no S&P 500 reading
19 May 2023no S&P 500 reading
26 May 2023no S&P 500 reading
2 Jun 2023no S&P 500 reading
9 Jun 2023no S&P 500 reading
16 Jun 2023no S&P 500 reading
23 Jun 2023no S&P 500 reading
30 Jun 2023no S&P 500 reading
7 Jul 2023no S&P 500 reading
14 Jul 2023no S&P 500 reading
21 Jul 2023+0.3%
28 Jul 2023−0.1%
4 Aug 2023−12.2%
11 Aug 2023+6.2%
18 Aug 2023−8.6%
25 Aug 2023−13.6%
1 Sep 2023−28.1%
8 Sep 2023−19.2%
15 Sep 2023−17.0%
22 Sep 2023+2.2%
29 Sep 2023+1.5%
6 Oct 2023−1.1%
13 Oct 2023−3.9%
20 Oct 2023−5.5%
27 Oct 2023−5.9%
3 Nov 2023−2.7%
10 Nov 2023−10.1%
17 Nov 2023−9.9%
24 Nov 2023−4.8%
1 Dec 2023−2.4%
8 Dec 2023−3.3%
15 Dec 2023−10.7%
22 Dec 2023−15.2%
29 Dec 2023−14.6%
5 Jan 2024−16.4%
12 Jan 2024−9.9%
19 Jan 2024−2.5%
26 Jan 2024−5.9%
2 Feb 2024−6.4%
9 Feb 2024+12.4%
16 Feb 2024+12.0%
23 Feb 2024+7.2%
1 Mar 2024+14.4%
8 Mar 2024+6.7%
15 Mar 2024+11.4%
22 Mar 2024+13.6%
28 Mar 2024+13.3%
5 Apr 2024+20.4%
12 Apr 2024+14.7%
19 Apr 2024+10.7%
26 Apr 2024+13.3%
3 May 2024+15.9%
10 May 2024−2.8%
17 May 2024−7.4%
24 May 2024−9.3%
31 May 2024−11.3%
7 Jun 2024−14.2%
14 Jun 2024−17.9%
21 Jun 2024−17.1%
28 Jun 2024−16.7%
5 Jul 2024−20.4%
12 Jul 2024−14.6%
19 Jul 2024−11.0%
26 Jul 2024−8.4%
2 Aug 2024−13.5%
9 Aug 2024−2.1%
16 Aug 2024+4.5%
23 Aug 2024+11.5%
30 Aug 2024+11.9%
6 Sep 2024+15.7%
13 Sep 2024+18.1%
20 Sep 2024+20.9%
27 Sep 2024+18.1%
4 Oct 2024+18.2%
11 Oct 2024+10.2%
18 Oct 2024+7.8%
25 Oct 2024+2.1%
1 Nov 2024+4.8%
8 Nov 2024−7.3%
15 Nov 2024−15.8%
22 Nov 2024−19.2%
29 Nov 2024−19.3%
6 Dec 2024−18.6%
13 Dec 2024−22.2%
20 Dec 2024−24.8%
27 Dec 2024−25.2%
3 Jan 2025−17.5%
10 Jan 2025−19.1%
17 Jan 2025−19.2%
24 Jan 2025−18.9%
31 Jan 2025−16.6%
7 Feb 2025−6.6%
14 Feb 2025+0.0%
21 Feb 2025−1.5%
28 Feb 2025−5.3%
7 Mar 2025−10.0%
14 Mar 2025−1.7%
21 Mar 2025+5.9%
28 Mar 2025+8.0%
4 Apr 2025−2.6%
11 Apr 2025−3.7%
17 Apr 2025−2.7%
25 Apr 2025−0.6%
2 May 2025−1.9%
9 May 2025+4.6%
16 May 2025+3.7%
23 May 2025+5.0%
30 May 2025+8.3%
6 Jun 2025+14.6%
13 Jun 2025+9.7%
20 Jun 2025+8.2%
27 Jun 2025+9.5%
3 Jul 2025+11.0%
11 Jul 2025+13.5%
18 Jul 2025+12.0%
25 Jul 2025+6.1%
1 Aug 2025+0.2%
8 Aug 2025−7.8%
15 Aug 2025−12.2%
22 Aug 2025−3.8%
29 Aug 2025+0.3%
5 Sep 2025+0.2%
12 Sep 2025+11.5%
19 Sep 2025+5.8%
26 Sep 2025+4.2%
3 Oct 2025+6.9%
10 Oct 2025+1.1%
17 Oct 2025+3.1%
24 Oct 2025+8.7%
31 Oct 2025+10.0%
7 Nov 2025+17.0%
14 Nov 2025+20.5%
21 Nov 2025+19.4%
28 Nov 2025+15.6%
5 Dec 2025+20.8%
12 Dec 2025+19.9%
19 Dec 2025+14.0%
26 Dec 2025+14.9%
2 Jan 2026+17.1%
9 Jan 2026+25.4%
16 Jan 2026+31.4%
23 Jan 2026+32.1%
30 Jan 2026+38.7%
6 Feb 2026+27.9%
13 Feb 2026+34.4%
20 Feb 2026+28.7%
27 Feb 2026+27.3%
6 Mar 2026+15.6%
13 Mar 2026+4.7%
20 Mar 2026+11.4%
27 Mar 2026+11.3%
2 Apr 2026+15.0%
10 Apr 2026+12.3%
17 Apr 2026+2.9%
24 Apr 2026+0.0%
1 May 2026+5.2%
8 May 2026+0.5%
15 May 2026+0.9%
22 May 2026+1.2%
29 May 2026+1.4%
5 Jun 2026+12.8%
12 Jun 2026+19.9%
18 Jun 2026+15.6%
26 Jun 2026+29.2%
2 Jul 2026+16.4%
10 Jul 2026+11.4%
17 Jul 2026+15.2%
24 Jul 2026+16.7%
31 Jul 2026+10.5%
7 Aug 2026+12.5%
14 Aug 2026+20.0%
21 Aug 2026+12.0%
28 Aug 2026+9.3%
4 Sep 2026+3.0%
11 Sep 2026+4.7%
18 Sep 2026+5.6%
25 Sep 2026−7.3%
2 Oct 2026−1.4%
9 Oct 2026+5.8%
16 Oct 2026+0.7%
23 Oct 2026−0.8%
30 Oct 2026+2.8%
4 Nov 2026+3.7%
Each bar is one week, from 2023 to now (173 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 3.5 years the share price moved +154% while the S&P 500 moved +86%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Madison Square Garden Entertainment pay?

Madison Square Garden Entertainment Corp. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is Madison Square Garden Entertainment on?

Madison Square Garden Entertainment is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Madison Square Garden Entertainment profitable?

Madison Square Garden Entertainment Corp. posted a net loss of $10.0 M in the Jun 2026 quarter. Full-year FY26 profit was $66.2 M. That loss is 5.1% of the quarter's revenue. The same quarter a year earlier lost $27.2 M. 5 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was $66.2 M (+76.8% on the year before).

FY26 profit $66.2 M (+76.8% on the year before)

  • Net profit $66.2 M
FY26 profit $66.2 M (+76.8% on the year before)
QuarterNet profit
FY21−$219 M
FY22−$133 M
FY23$76.6 M
FY24$144 M
FY25$37.4 M
FY26$66.2 M

Growth on a year earlier

  • Growth on a year earlier 76.8%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22–
FY23–
FY2488.4%
FY25−74.1%
FY2676.8%
Top: net profit each year, $ M. Below: growth on the year before, %. 6-year window. A grey bar is lower than the year before.

Jun 2026: −$10.0 M

  • Net profit (quarterly) −$10.0 M
Jun 2026: −$10.0 M
QuarterNet profit (quarterly)
Sep 2023−$50.7 M
Dec 2023$125 M
Mar 2024$2.8 M
Jun 2024$66.9 M
Sep 2024−$19.3 M
Dec 2024$75.9 M
Mar 2025$8.0 M
Jun 2025−$27.2 M
Sep 2025−$21.7 M
Dec 2025$92.7 M
Mar 2026$5.1 M
Jun 2026−$10.0 M

Growth on a year earlier

  • Growth on a year earlier −36.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023–
Dec 202328.8%
Mar 2024−87.1%
Jun 2024–
Sep 2024–
Dec 2024−39.4%
Mar 2025187.5%
Jun 2025−140.6%
Sep 2025–
Dec 202522.2%
Mar 2026−36.4%
Jun 2026–
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does Madison Square Garden Entertainment make, and is it growing?

Madison Square Garden Entertainment Corp. reported $196 M of revenue in the Jun 2026 quarter, +27.4% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 5 years it has grown 66.9% a year on average. The last full year, FY26, came in at $1.1 B.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $1.1 B.

FY26 revenue was $1.1 B, +12.5% on the year before.

FY26 revenue $1.1 B (+12.5% on the year before), 66.9% a year over 5 years

  • Revenue $1.1 B
FY26 revenue $1.1 B (+12.5% on the year before), 66.9% a year over 5 years
QuarterRevenue
FY21$81.8 M
FY22$653 M
FY23$851 M
FY24$959 M
FY25$943 M
FY26$1.1 B

Growth on a year earlier

  • Growth on a year earlier 12.5%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22698.8%
FY2330.3%
FY2412.7%
FY25−1.7%
FY2612.5%
Top: revenue each year, $ B. Below: growth on the year before, %. 6-year window. A grey bar is lower than the year before.

Jun 2026: $196 M (+27.4% on a year earlier), the 4th quarter in a row of growth

  • Revenue (quarterly) $196 M
Jun 2026: $196 M (+27.4% on a year earlier), the 4th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023$142 M
Dec 2023$403 M
Mar 2024$228 M
Jun 2024$186 M
Sep 2024$139 M
Dec 2024$407 M
Mar 2025$242 M
Jun 2025$154 M
Sep 2025$158 M
Dec 2025$460 M
Mar 2026$246 M
Jun 2026$196 M

Growth on a year earlier

  • Growth on a year earlier 27.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023−2.9%
Dec 202313.1%
Mar 202413.5%
Jun 202425.8%
Sep 2024−2.5%
Dec 20241.2%
Mar 20256.2%
Jun 2025−17.2%
Sep 202514.1%
Dec 202512.9%
Mar 20261.6%
Jun 202627.4%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +14.0% on average, against 66.9% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +12.5%, against +5.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +76.8%, against −32.3% a year (accelerating).

How much of every $100 of sales does Madison Square Garden Entertainment keep?

Madison Square Garden Entertainment Corp.'s operating margin was −4.7% in the Jun 2026 quarter, 13.7 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between −290.0% and 15.8%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +13.7 percentage points on the year while gross margin changed +1.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY26: 15.8%, the highest in a range of −290.0% to 15.8% over 6 years

  • Operating margin 15.8%
FY26: 15.8%, the highest in a range of −290.0% to 15.8% over 6 years
QuarterOperating margin
FY21−290%
FY220.1%
FY2312.6%
FY2413.2%
FY2514%
FY2615.8%

Change on the year before (points)

  • Change on the year before (points) +1.8 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22+290.1 pts
FY23+12.5 pts
FY24+0.6 pts
FY25+0.8 pts
FY26+1.8 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 6-year window.

Jun 2026: operating margin −4.7% (+13.7 points on a year earlier)

  • Operating margin −4.7%
Jun 2026: operating margin −4.7% (+13.7 points on a year earlier)
QuarterOperating margin
Sep 2023−14.4%
Dec 202334.1%
Mar 20248%
Jun 2024−3.7%
Sep 2024−14%
Dec 202433.9%
Mar 202515.7%
Jun 2025−18.4%
Sep 2025−9.7%
Dec 202535.7%
Mar 202610.3%
Jun 2026−4.7%

Change on a year earlier (points)

  • Change on a year earlier (points) +13.7 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023−6.7 pts
Dec 2023+1.3 pts
Mar 2024−5.6 pts
Jun 2024+13.5 pts
Sep 2024+0.4 pts
Dec 2024−0.2 pts
Mar 2025+7.7 pts
Jun 2025−14.7 pts
Sep 2025+4.3 pts
Dec 2025+1.8 pts
Mar 2026−5.4 pts
Jun 2026+13.7 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Madison Square Garden Entertainment's profit turning into cash?

Over the last 3 years, 233% of Madison Square Garden Entertainment Corp.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $351 M of operating cash against $66.2 M of profit. After $28.3 M of spending on assets, $323 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash $351 M against profit $66.2 M; 233% of 3 years' profit came in as cash

  • Operating cash $351 M
  • Net profit $66.2 M
  • Free cash $323 M
FY26: operating cash $351 M against profit $66.2 M; 233% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21−$148 M−$219 M−$158 M
FY22$95.4 M−$133 M$79.6 M
FY23$136 M$76.6 M$121 M
FY24$111 M$144 M$87.1 M
FY25$115 M$37.4 M$93.1 M
FY26$351 M$66.2 M$323 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 6-year window, yearly figures.

Jun 2026: operating cash −$16.6 M

  • Operating cash (quarterly) −$16.6 M
Jun 2026: operating cash −$16.6 M
QuarterOperating cash (quarterly)
Sep 2023$1.4 M
Dec 2023$104 M
Mar 2024$5.8 M
Jun 2024$0.2 M
Sep 2024−$27.4 M
Dec 2024$113 M
Mar 2025$56.8 M
Jun 2025−$27.0 M
Sep 2025$19.8 M
Dec 2025$164 M
Mar 2026$184 M
Jun 2026−$16.6 M

Operating cash as % of profit

  • Operating cash as % of profit 3,598%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023–
Dec 202383%
Mar 2024208%
Jun 20240%
Sep 2024–
Dec 2024149%
Mar 2025707%
Jun 2025–
Sep 2025–
Dec 2025177%
Mar 20263,598%
Jun 2026–
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Madison Square Garden Entertainment's cash go?

Madison Square Garden Entertainment Corp. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $74.7 M on assets over the last 3 years. Averaged over those years that is 2.3% of FY26 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $74.7 M over the last 3 years.

FY26: capex $28.3 M, steady spending

  • Capex $28.3 M
FY26: capex $28.3 M, steady spending
QuarterCapex
FY21$10.3 M
FY22$15.8 M
FY23$15.2 M
FY24$24.2 M
FY25$22.2 M
FY26$28.3 M
Capital spending each year, $ M.

Jun 2026: capex $4.1 M in the quarter

  • Capex (quarterly) $4.1 M
Jun 2026: capex $4.1 M in the quarter
QuarterCapex (quarterly)
Sep 2023$3.3 M
Dec 2023$7.9 M
Mar 2024$8.4 M
Jun 2024$4.5 M
Sep 2024$5.9 M
Dec 2024$9.3 M
Mar 2025$3.0 M
Jun 2025$4.1 M
Sep 2025$6.0 M
Dec 2025$8.3 M
Mar 2026$10.0 M
Jun 2026$4.1 M

Free cash

  • Free cash −$20.7 M
Free cash
QuarterFree cash
Sep 2023−$2.0 M
Dec 2023$96.0 M
Mar 2024−$2.6 M
Jun 2024−$4.3 M
Sep 2024−$33.3 M
Dec 2024$104 M
Mar 2025$53.8 M
Jun 2025−$31.1 M
Sep 2025$13.9 M
Dec 2025$156 M
Mar 2026$174 M
Jun 2026−$20.7 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Madison Square Garden Entertainment's P/E ratio, and how does it compare with its own history?

Madison Square Garden Entertainment Corp.'s P/E is 39.0×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

P/E 39.0× against a usual —: with too little history to compare

  • P/E 57.2×
P/E 39.0× against a usual —: with too little history to compare
WeekP/E
30 Jun 202322.7×
7 Jul 202322.9×
14 Jul 202323.4×
21 Jul 202323.0×
28 Jul 202323.9×
4 Aug 202322.5×
11 Aug 202322.2×
18 Aug 202322.2×
25 Aug 202321.6×
1 Sep 202320.9×
8 Sep 202321.8×
15 Sep 202322.1×
22 Sep 202322.2×
29 Sep 202322.2×
6 Oct 202339.9×
13 Oct 202338.9×
20 Oct 202336.4×
27 Oct 202336.2×
3 Nov 202338.3×
10 Nov 202335.5×
17 Nov 202337.3×
24 Nov 202338.4×
1 Dec 202337.5×
8 Dec 202339.2×
15 Dec 202338.0×
22 Dec 202337.9×
29 Dec 202338.7×
5 Jan 202419.8×
12 Jan 202421.0×
19 Jan 202421.9×
26 Jan 202421.9×
2 Feb 202422.0×
9 Feb 202424.0×
16 Feb 202424.6×
23 Feb 202424.4×
1 Mar 202425.4×
8 Mar 202424.8×
15 Mar 202424.4×
22 Mar 202425.1×
28 Mar 202425.6×
5 Apr 202434.0×
12 Apr 202433.4×
19 Apr 202432.4×
26 Apr 202433.7×
3 May 202434.4×
10 May 202431.8×
17 May 202431.7×
24 May 202430.3×
31 May 202430.4×
7 Jun 202429.2×
14 Jun 202428.3×
21 Jun 202428.7×
28 Jun 202429.2×
5 Jul 202411.3×
12 Jul 202412.2×
19 Jul 202412.4×
26 Jul 202412.7×
2 Aug 202412.0×
9 Aug 202412.2×
16 Aug 202413.3×
23 Aug 202413.7×
30 Aug 202413.8×
6 Sep 202413.1×
13 Sep 202413.2×
20 Sep 202413.8×
27 Sep 202413.8×
4 Oct 202411.4×
11 Oct 202411.6×
18 Oct 202411.8×
25 Oct 202411.5×
1 Nov 202411.2×
8 Nov 202410.7×
15 Nov 20249.95×
22 Nov 20249.92×
29 Nov 202410.1×
6 Dec 202410.3×
13 Dec 20249.40×
20 Dec 20249.13×
27 Dec 20249.09×
3 Jan 202513.7×
10 Jan 202513.1×
17 Jan 202513.7×
24 Jan 202513.8×
31 Jan 202513.8×
7 Feb 202514.0×
14 Feb 202514.4×
21 Feb 202513.7×
28 Feb 202513.1×
7 Mar 202512.1×
14 Mar 202512.0×
21 Mar 202512.9×
28 Mar 202512.8×
4 Apr 202510.8×
11 Apr 202511.1×
17 Apr 202511.2×
25 Apr 202511.9×
2 May 202512.3×
9 May 202513.2×
16 May 202514.0×
23 May 202513.4×
30 May 202513.6×
6 Jun 202513.8×
13 Jun 202513.3×
20 Jun 202514.1×
27 Jun 202514.8×
3 Jul 202553.0×
11 Jul 202552.3×
18 Jul 202553.3×
25 Jul 202552.7×
1 Aug 202548.9×
8 Aug 202550.4×
15 Aug 202548.8×
22 Aug 202552.1×
29 Aug 202553.9×
5 Sep 202554.1×
12 Sep 202558.6×
19 Sep 202559.8×
26 Sep 202560.0×
3 Oct 202565.5×
10 Oct 202560.0×
17 Oct 202563.1×
24 Oct 202565.7×
31 Oct 202563.5×
7 Nov 202566.8×
14 Nov 202566.1×
21 Nov 202568.7×
28 Nov 202571.1×
5 Dec 202574.4×
12 Dec 202575.6×
19 Dec 202575.6×
26 Dec 202575.6×
2 Jan 202650.5×
9 Jan 202651.1×
16 Jan 202655.3×
23 Jan 202656.9×
30 Jan 202657.5×
6 Feb 202656.5×
13 Feb 202658.1×
20 Feb 202659.2×
27 Feb 202658.7×
6 Mar 202654.7×
13 Mar 202651.8×
20 Mar 202652.2×
27 Mar 202651.8×
2 Apr 202659.4×
10 Apr 202659.6×
17 Apr 202661.8×
24 Apr 202662.5×
1 May 202666.6×
8 May 202664.2×
15 May 202667.3×
22 May 202668.5×
29 May 202669.4×
5 Jun 202670.9×
12 Jun 202672.3×
18 Jun 202672.3×
26 Jun 202675.6×
2 Jul 202656.9×
10 Jul 202653.9×
17 Jul 202654.6×
24 Jul 202655.4×
31 Jul 202656.1×
7 Aug 202655.6×
14 Aug 202662.0×
21 Aug 202658.0×
28 Aug 202656.9×
4 Sep 202656.2×
11 Sep 202657.5×
18 Sep 202657.4×
25 Sep 202657.4×
2 Oct 202658.0×
9 Oct 202658.7×
16 Oct 202656.5×
23 Oct 202656.5×
30 Oct 202658.4×
4 Nov 202657.2×

Earnings per share, 12 months

  • Earnings per share, 12 months $1.38
Earnings per share, 12 months
WeekEarnings per share, 12 months
30 Jun 2023$1.48
7 Jul 2023$1.48
14 Jul 2023$1.48
21 Jul 2023$1.48
28 Jul 2023$1.48
4 Aug 2023$1.48
11 Aug 2023$1.48
18 Aug 2023$1.48
25 Aug 2023$1.48
1 Sep 2023$1.48
8 Sep 2023$1.48
15 Sep 2023$1.48
22 Sep 2023$1.48
29 Sep 2023$1.48
6 Oct 2023$1.48
13 Oct 2023$1.48
20 Oct 2023$1.48
27 Oct 2023$1.48
3 Nov 2023$1.48
10 Nov 2023$1.48
17 Nov 2023$1.48
24 Nov 2023$1.48
1 Dec 2023$1.48
8 Dec 2023$1.48
15 Dec 2023$1.48
22 Dec 2023$1.48
29 Dec 2023$0.82
5 Jan 2024$0.82
12 Jan 2024$0.82
19 Jan 2024$0.82
26 Jan 2024$0.82
2 Feb 2024$0.82
9 Feb 2024$0.82
16 Feb 2024$0.82
23 Feb 2024$0.82
1 Mar 2024$0.82
8 Mar 2024$0.82
15 Mar 2024$0.82
22 Mar 2024$0.82
28 Mar 2024$1.53
5 Apr 2024$1.53
12 Apr 2024$1.53
19 Apr 2024$1.53
26 Apr 2024$1.53
3 May 2024$1.53
10 May 2024$1.53
17 May 2024$1.53
24 May 2024$1.53
31 May 2024$1.53
7 Jun 2024$1.53
14 Jun 2024$1.53
21 Jun 2024$1.53
28 Jun 2024$1.17
5 Jul 2024$1.17
12 Jul 2024$1.17
19 Jul 2024$1.17
26 Jul 2024$1.17
2 Aug 2024$1.17
9 Aug 2024$1.17
16 Aug 2024$1.17
23 Aug 2024$1.17
30 Aug 2024$1.17
6 Sep 2024$1.17
13 Sep 2024$1.17
20 Sep 2024$1.17
27 Sep 2024$3.05
4 Oct 2024$3.05
11 Oct 2024$3.05
18 Oct 2024$3.05
25 Oct 2024$3.05
1 Nov 2024$3.05
8 Nov 2024$3.05
15 Nov 2024$3.05
22 Nov 2024$3.05
29 Nov 2024$3.05
6 Dec 2024$3.05
13 Dec 2024$3.05
20 Dec 2024$3.05
27 Dec 2024$3.66
3 Jan 2025$3.66
10 Jan 2025$3.66
17 Jan 2025$3.66
24 Jan 2025$3.66
31 Jan 2025$3.66
7 Feb 2025$3.66
14 Feb 2025$3.66
21 Feb 2025$3.66
28 Feb 2025$3.66
7 Mar 2025$3.66
14 Mar 2025$3.66
21 Mar 2025$3.66
28 Mar 2025$2.63
4 Apr 2025$2.63
11 Apr 2025$2.63
17 Apr 2025$2.63
25 Apr 2025$2.63
2 May 2025$2.63
9 May 2025$2.63
16 May 2025$2.63
23 May 2025$2.63
30 May 2025$2.63
6 Jun 2025$2.63
13 Jun 2025$2.63
20 Jun 2025$2.63
27 Jun 2025$2.74
3 Jul 2025$2.74
11 Jul 2025$2.74
18 Jul 2025$2.74
25 Jul 2025$2.74
1 Aug 2025$2.74
8 Aug 2025$2.74
15 Aug 2025$2.74
22 Aug 2025$2.74
29 Aug 2025$2.74
5 Sep 2025$2.74
12 Sep 2025$2.74
19 Sep 2025$2.74
26 Sep 2025$0.76
3 Oct 2025$0.76
10 Oct 2025$0.76
17 Oct 2025$0.76
24 Oct 2025$0.76
31 Oct 2025$0.76
7 Nov 2025$0.76
14 Nov 2025$0.76
21 Nov 2025$0.76
28 Nov 2025$0.76
5 Dec 2025$0.76
12 Dec 2025$0.76
19 Dec 2025$0.76
26 Dec 2025$0.70
2 Jan 2026$0.70
9 Jan 2026$0.70
16 Jan 2026$0.70
23 Jan 2026$0.70
30 Jan 2026$0.70
6 Feb 2026$0.70
13 Feb 2026$0.70
20 Feb 2026$0.70
27 Feb 2026$0.70
6 Mar 2026$0.70
13 Mar 2026$0.70
20 Mar 2026$0.70
27 Mar 2026$1.08
2 Apr 2026$1.08
10 Apr 2026$1.08
17 Apr 2026$1.08
24 Apr 2026$1.08
1 May 2026$1.08
8 May 2026$1.08
15 May 2026$1.08
22 May 2026$1.08
29 May 2026$1.08
5 Jun 2026$1.08
12 Jun 2026$1.08
18 Jun 2026$1.08
26 Jun 2026$1.02
2 Jul 2026$1.02
10 Jul 2026$1.02
17 Jul 2026$1.02
24 Jul 2026$1.02
31 Jul 2026$1.02
7 Aug 2026$1.02
14 Aug 2026$1.02
21 Aug 2026$1.02
28 Aug 2026$1.02
4 Sep 2026$1.02
11 Sep 2026$1.02
18 Sep 2026$1.02
25 Sep 2026$1.38
2 Oct 2026$1.38
9 Oct 2026$1.38
16 Oct 2026$1.38
23 Oct 2026$1.38
30 Oct 2026$1.38
4 Nov 2026$1.38
Top: P/E each week. Below: earnings per share, trailing twelve months, a step line that moves once a quarter; 3.3 years of history; short peaks above 76× are drawn at the top edge.

PEG 0.66 at the Jun 2026 quarter end: below 1.0, so the P/E is smaller than the earnings growth rate

  • PEG 0.66×
  • PEG = 1.0 1.00×
PEG 0.66 at the Jun 2026 quarter end: below 1.0, so the P/E is smaller than the earnings growth rate
QuarterPEGPEG = 1.0
Dec 20231.78×1.00×
Mar 20242.12×1.00×
Jun 20243.70×1.00×
Dec 20242.67×1.00×
Mar 20252.67×1.00×
Jun 20252.67×1.00×
Dec 20250.65×1.00×
Mar 20260.54×1.00×
Jun 20260.66×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 9 quarters.
39.0×P/E · too little history to compare
0.93PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +79.2% while the price moved +69.3%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +35.8% a year; about +18.8% a year came from earnings growth and about +17.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Is the Madison Square Garden Entertainment business getting better or worse?

Madison Square Garden Entertainment Corp.'s business is turning around. Profit growth has swung from −74.1% at its low to +76.8%, improving for 3 quarters in a row, with ROCE rising at 14.0%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +12.5% in FY26, profit +76.8%

  • Revenue growth 12.5%
Growth year by year: revenue +12.5% in FY26, profit +76.8%
QuarterRevenue growth
FY21–
FY22698.8%
FY2330.3%
FY2412.7%
FY25−1.7%
FY2612.5%

Profit growth, EPS growth

  • Profit growth 76.8%
  • EPS growth 79.2%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22––
FY23––
FY2488.4%102%
FY25−74.1%−74.1%
FY2676.8%79.2%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating, profit accelerating

  • Revenue 12.5%
Three growth lines over twelve quarters: revenue accelerating, profit accelerating
QuarterRevenue
Sep 202367.6%
Dec 20232.2%
Mar 20244.4%
Jun 202412.7%
Sep 202412.8%
Dec 20247.4%
Mar 20255.8%
Jun 2025−1.7%
Sep 20250.7%
Dec 20255.7%
Mar 20264.5%
Jun 202612.5%

Profit, EPS

  • Profit 76.8%
  • EPS 82.4%
Profit, EPS
QuarterProfitEPS
Sep 2023––
Dec 2023300%–
Mar 202478.2%–
Jun 202488.4%106.2%
Sep 2024300%300%
Dec 202475.9%71.4%
Mar 2025148.7%133.7%
Jun 2025−74.1%−75.3%
Sep 2025−80%−81%
Dec 2025−58.9%−59%
Mar 2026−62.8%−62.9%
Jun 202676.8%82.4%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 14%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 20233.7%
Dec 202312.2%
Mar 202411.6%
Jun 202413.4%
Sep 202414.1%
Dec 202413.2%
Mar 202514.2%
Jun 202511.6%
Sep 202511.9%
Dec 202513.8%
Mar 202612.1%
Jun 202614%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
RisingRevenue growth · latest +12.5%, range −1.7% to +67.6%
RisingProfit growth · latest +76.8%, range −80.0% to +1,683.8%
RisingEPS growth · latest +82.4%, range −81.0% to +345.2%
RisingROCE · latest 14.0%, range 3.7% to 14.2%

Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+12.5%+7.6%+66.9%—
Profit+76.8%−4.8%——
EPS+79.2%−2.1%——
Stock price+69.3%+35.8%——
+27.4%Revenue growth (Jun 2026) · latest quarter against a year ago
66.9%Revenue, 5 years · yearly growth over the long run

How much does Madison Square Garden Entertainment earn on its capital?

Madison Square Garden Entertainment Corp. earned a ROE of 145% in FY26. That is up from a low of −623% in FY24. Its return on capital used (ROIC) is 6.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 6.2% net margin and 0.55× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY26): a 6.2% net margin × 0.55× asset turnover × 42.27× leverage (assets divided by equity) ≈ 144.1% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 13.0% − 6.1% = +6.9 percentage points. The 6.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value.

The 13.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 9.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROE 145%, the climb back from FY24's −623%

  • ROE 144.6%
  • ROIC (annual) 9.9%
  • Cost of capital 6.1%
FY26: ROE 145%, the climb back from FY24's −623%
QuarterROEROIC (annual)Cost of capital
FY228,391.2%0%6.1%
FY23−110.3%11.4%6.1%
FY24−622.9%13.2%6.1%
FY25−281.4%6.8%6.1%
FY26144.6%9.9%6.1%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 6.1% cost of capital used on this page.

Jun 2026: ROIC 11.1% (last 12 months) against a 6.1% cost of capital

  • ROIC (12 months) 11.1%
  • ROE (12 months) 154.8%
  • Cost of capital 6.1%
Jun 2026: ROIC 11.1% (last 12 months) against a 6.1% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Mar 20232.5%18.7%6.1%
Jun 20238.5%154.8%6.1%
Dec 20234.8%–6.1%
Mar 202422%–6.1%
Jun 202419.3%–6.1%
Dec 202414.3%–6.1%
Mar 202524.7%–6.1%
Jun 20259.8%–6.1%
Dec 20256.5%–6.1%
Mar 202617.3%–6.1%
Jun 202611.1%–6.1%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 11 quarters, lined up with the yearly figure.

Does Madison Square Garden Entertainment have too much debt?

Madison Square Garden Entertainment Corp. has total debt of $1.2 B against shareholder equity of $45.8 M as of Jun 2026, so its debt is 25.67× its equity. Year by year, that ratio went from −602.14 in FY22 to 25.67 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt $1.2 B, 25.67× equity

  • Total debt $1.2 B
FY26: debt $1.2 B, 25.67× equity
QuarterTotal debt
FY22$957 M
FY23$903 M
FY24$1.1 B
FY25$1.2 B
FY26$1.2 B

Debt-to-equity

  • Debt-to-equity 25.7×
Debt-to-equity
QuarterDebt-to-equity
FY22−602.1×
FY23−13.0×
FY24−46.2×
FY25−90.3×
FY2625.7×
Top: total debt each year, $ B. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $1.2 B, debt-to-equity 25.67

  • Total debt (quarterly) $1.2 B
Jun 2026: debt $1.2 B, debt-to-equity 25.67
QuarterTotal debt (quarterly)
Sep 2023$971 M
Dec 2023$968 M
Mar 2024$981 M
Jun 2024$1.1 B
Sep 2024$1.1 B
Dec 2024$1.1 B
Mar 2025$1.2 B
Jun 2025$1.2 B
Sep 2025$1.2 B
Dec 2025$1.2 B
Mar 2026$1.2 B
Jun 2026$1.2 B

Debt-to-equity

  • Debt-to-equity 25.7×
Debt-to-equity
QuarterDebt-to-equity
Sep 2023−4.13×
Dec 2023−9.49×
Mar 2024−10.4×
Jun 2024−46.2×
Sep 2024−23.5×
Dec 2024105.4×
Mar 2025126.5×
Jun 2025−90.3×
Sep 2025−18.5×
Dec 202533.2×
Mar 202624.7×
Jun 202625.7×
Top: total debt each quarter, $ B. Below: debt-to-equity, ×. Last 12 quarters.

What is the Madison Square Garden Entertainment shareholding pattern?

7.0% of Madison Square Garden Entertainment Corp.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 4.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

7.0%Short interest · of the tradable float
4.2Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Madison Square Garden Entertainment from balance-sheet trouble?

For Madison Square Garden Entertainment Corp., the Z-score is 1.66. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 1.66 is inside the danger zone, so the balance sheet is a real risk.

How does Madison Square Garden Entertainment rank in its industry?

55.6 out of 100, rank 10 of 28 in Entertainment, with 64% of the evidence available.

Madison Square Garden Entertainment Corp. scores 55.6 out of 100 against the 28 companies it is compared with in Entertainment, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 22.7 + 12.8 + 9.1 + 11 = 55.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Madison Square Garden Entertainment compared with?

Madison Square Garden Entertainment ranks 10 of 28 Entertainment companies on the 4-Factor Sector Score, with 55.6 out of 100.

  1. 1Netflix, Inc.NFLX · quiet · Most evidence points up · 85% evidence71.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.8/35 · Revenue 14.7% · Profit 41.6% · Operating margin change 6.4 points · 95% evidenceCapital efficiency 21.9/25 · ROCE 33.6% · Operating margin 34.6% · 76% evidenceValuation 14.7/20 · P/E 19.6× · PEG 0.44 · 65% evidenceRelative strength 3.9/20 · Lead over its industry -32.3% · Lead over S&P 500 -26.7% · 1 year -39.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 30.8 + 21.9 + 14.7 + 3.9 = 71.3 · What this means: Earnings are strong; relative strength in its sector is -32.3% and the one-year return is -39.8%.
  2. 2IMAX CorporationIMAX · leader · Evidence leans up · 81% evidence62.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.2/35 · Revenue 14.6% · Profit 28.1% · Operating margin change 5.8 points · 83% evidenceCapital efficiency 16.4/25 · ROCE 11.9% · Operating margin 22.5% · 76% evidenceValuation 6.7/20 · P/E 53.6× · PEG 2.43 · 65% evidenceRelative strength 13.2/20 · Lead over its industry 8.6% · Lead over S&P 500 16.6% · 1 year 50.1% · 100% evidence · 11 of 12 weeks aheadExact sum: 26.2 + 16.4 + 6.7 + 13.2 = 62.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3Warner Music Group Corp.WMG · turning · Evidence leans up · 74% evidence59.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.1/35 · Revenue 12.9% · Profit 100% · Operating margin change 2.6 points · 62% evidenceCapital efficiency 19.4/25 · ROCE 19.1% · Operating margin 16.7% · 76% evidenceValuation 5.3/20 · P/E 21.2× · PEG 3.54 · 65% evidenceRelative strength 11.8/20 · Lead over its industry -2.4% · Lead over S&P 500 5.5% · 1 year 7.7% · 100% evidence · 4 of 12 weeks aheadExact sum: 23.1 + 19.4 + 5.3 + 11.8 = 59.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  4. 4Roku, Inc.ROKU · leader · Evidence leans up · 64% evidence59.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.6/35 · Revenue 18.5% · Profit — · Operating margin change 14.3 points · 62% evidenceCapital efficiency 10.7/25 · ROCE 8.9% · Operating margin 12.2% · 76% evidenceValuation 9.0/20 · P/E 57.4× · PEG — · 15% evidenceRelative strength 14.2/20 · Lead over its industry 15.5% · Lead over S&P 500 23.7% · 1 year 59.1% · 100% evidence · 9 of 12 weeks aheadExact sum: 25.6 + 10.7 + 9 + 14.2 = 59.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5AMC Entertainment Holdings, Inc.AMC · breaking out · Evidence leans up · 64% evidence59.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.3/35 · Revenue 6.4% · Profit — · Operating margin change 8.3 points · 62% evidenceCapital efficiency 8.4/25 · ROCE 4.4% · Operating margin 14.9% · 76% evidenceValuation 10.8/20 · P/E -3.2× · PEG — · 15% evidenceRelative strength 20.0/20 · Lead over its industry 55.7% · Lead over S&P 500 66.5% · 1 year 46.1% · 100% evidence · 10 of 12 weeks aheadExact sum: 20.3 + 8.4 + 10.8 + 20 = 59.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Cinemark Holdings, Inc.CNK · leader · Evidence leans up · 71% evidence58.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.8/35 · Revenue 4.5% · Profit -25.4% · Operating margin change 3 points · 83% evidenceCapital efficiency 15.3/25 · ROCE 12.4% · Operating margin 21.7% · 76% evidenceValuation 10.2/20 · P/E 17.1× · PEG — · 15% evidenceRelative strength 17.3/20 · Lead over its industry 17.3% · Lead over S&P 500 25.7% · 1 year 41.3% · 100% evidence · 10 of 12 weeks aheadExact sum: 15.8 + 15.3 + 10.2 + 17.3 = 58.6 · What this means: Relative strength against the index is 25.7%, and revenue and profit growth are weak.
  7. 7The Walt Disney CompanyDIS · breaking out · Evidence leans up · 81% evidence57.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.0/35 · Revenue 4.6% · Profit -26.4% · Operating margin change 3.6 points · 83% evidenceCapital efficiency 14.7/25 · ROCE 9.1% · Operating margin 19.3% · 76% evidenceValuation 14.1/20 · P/E 19.9× · PEG 0.52 · 65% evidenceRelative strength 12.4/20 · Lead over its industry -1.7% · Lead over S&P 500 6.1% · 1 year 7.4% · 100% evidence · 5 of 12 weeks aheadExact sum: 16 + 14.7 + 14.1 + 12.4 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8The Marcus CorporationMCS · losing its lead · Evidence leans up · 81% evidence56.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.9/35 · Revenue 1.9% · Profit 64.3% · Operating margin change 5.6 points · 83% evidenceCapital efficiency 9.1/25 · ROCE 4.4% · Operating margin 12.1% · 76% evidenceValuation 13.1/20 · P/E 31.8× · PEG 0.56 · 65% evidenceRelative strength 13.5/20 · Lead over its industry 19% · Lead over S&P 500 27.1% · 1 year 85.9% · 100% evidence · 10 of 12 weeks aheadExact sum: 20.9 + 9.1 + 13.1 + 13.5 = 56.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Fox CorporationFOXA · breaking out · Evidence leans up · 81% evidence55.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.6/35 · Revenue 5.1% · Profit -25.5% · Operating margin change 0.7 points · 83% evidenceCapital efficiency 19.1/25 · ROCE 17.5% · Operating margin 25.2% · 76% evidenceValuation 11.2/20 · P/E 12.3× · PEG 1.5 · 65% evidenceRelative strength 8.8/20 · Lead over its industry -5.3% · Lead over S&P 500 2.3% · 1 year 5.6% · 100% evidence · 9 of 12 weeks aheadExact sum: 16.6 + 19.1 + 11.2 + 8.8 = 55.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10Madison Square Garden Entertainment Corp. this pageMSGE · losing its lead · Evidence leans up · 64% evidence55.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.7/35 · Revenue 12.5% · Profit 73.7% · Operating margin change 13.7 points · 62% evidenceCapital efficiency 12.8/25 · ROCE 13.9% · Operating margin -4.7% · 76% evidenceValuation 9.1/20 · P/E 56.8× · PEG — · 15% evidenceRelative strength 11.0/20 · Lead over its industry 2.8% · Lead over S&P 500 10.3% · 1 year 69.3% · 100% evidence · 4 of 12 weeks aheadExact sum: 22.7 + 12.8 + 9.1 + 11 = 55.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Sirius XM Holdings Inc.SIRI · turning · Evidence leans up · 64% evidence55.6out of 100GrowthCapitalValuationRelative
  12. 12News CorporationNWS · turning · Evidence leans up · 81% evidence55.2out of 100GrowthCapitalValuationRelative
  13. 13Lionsgate Studios Corp.LION · quiet · Evidence leans up · 64% evidence53.2out of 100GrowthCapitalValuationRelative
  14. 14Liberty Live Holdings, Inc.LLYVK · turning · Evidence leans down · 64% evidence48.9out of 100GrowthCapitalValuationRelative
  15. 15Madison Square Garden Sports Corp.MSGS · Too little evidence to rank firmly · 54% evidence46.8out of 100GrowthCapitalValuationRelative
  16. 16Manchester United plcMANU · turning · Evidence leans down · 64% evidence45.8out of 100GrowthCapitalValuationRelative
  17. 17Angel Studios, Inc.ANGX · quiet · Evidence leans down · 64% evidence45.1out of 100GrowthCapitalValuationRelative
  18. 18TKO Group Holdings, Inc.TKO · turning · Evidence leans down · 81% evidence44.7out of 100GrowthCapitalValuationRelative
  19. 19Versant Media Group, Inc.VSNT · quiet · Too little evidence to rank firmly · 51% evidence43.5out of 100GrowthCapitalValuationRelative
  20. 20Live Nation Entertainment, Inc.LYV · turning · Evidence leans down · 71% evidence42.3out of 100GrowthCapitalValuationRelative
  21. 21Starz Entertainment Corp.STRZ · quiet · Evidence leans down · 61% evidence37.2out of 100GrowthCapitalValuationRelative
  22. 22Warner Bros. Discovery, Inc.WBD · Too little evidence to rank firmly · 51% evidence37.2out of 100GrowthCapitalValuationRelative
  23. 23Reservoir Media, Inc.RSVR · turning · Evidence leans down · 74% evidence37.1out of 100GrowthCapitalValuationRelative
  24. 24Atlanta Braves Holdings, Inc.BATRA · turning · Most evidence points down · 64% evidence34.5out of 100GrowthCapitalValuationRelative
  25. 25Sphere Entertainment Co.SPHR · quiet · Most evidence points down · 64% evidence32.6out of 100GrowthCapitalValuationRelative
  26. 26AMC Global Media Inc.AMCX · quiet · Most evidence points down · 64% evidence29.4out of 100GrowthCapitalValuationRelative
  27. 27Formula One GroupFWONK · basing · Too little evidence to rank firmly · 44% evidence42.7out of 100GrowthCapitalValuationRelative
  28. 28Paramount Skydance CorporationPSKY · Too little evidence to rank firmly · 31% evidence42.2out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Entertainment, all 28 compared on one page.

Which companies are close to Madison Square Garden Entertainment in size?

Madison Square Garden Entertainment is the 20th largest of 32 Entertainment companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Manchester United plc, Sphere Entertainment Co. and Lionsgate Studios Corp. Just below it: Atlanta Braves Holdings, Inc., AMC Entertainment Holdings, Inc. and IMAX Corporation.

Entertainment companies close in size

  1. Manchester United plc $3.9 billion
  2. Sphere Entertainment Co. $3.9 billion
  3. Lionsgate Studios Corp. $3.8 billion
  4. Madison Square Garden Entertainment Corp. $3.7 billion
  5. Atlanta Braves Holdings, Inc. $3.3 billion
  6. AMC Entertainment Holdings, Inc. $3.1 billion
  7. IMAX Corporation $2.8 billion

All 32 Entertainment companies, largest first

Companies close in size in other industries

  1. Post Holdings, Inc. $3.7 billion · Packaged Foods
  2. Independence Realty Trust, Inc. $3.7 billion · REIT - Residential
  3. Madison Square Garden Entertainment Corp. $3.7 billion
  4. GPGI, Inc. $3.7 billion · Metal Fabrication
  5. ACADIA Pharmaceuticals Inc. $3.7 billion · Biotechnology

What else do people ask about Madison Square Garden Entertainment?

What were Madison Square Garden Entertainment's latest quarterly results?

Madison Square Garden Entertainment Corp. reported revenue of $196 M and a net loss of $10.0 M for the Jun 2026 quarter. Earnings per share were −$0.21. The operating margin was −4.7%, 13.7 percentage points higher than a year earlier (as of 4 November 2026).

What is Madison Square Garden Entertainment's market cap?

Madison Square Garden Entertainment Corp.'s market capitalisation is $3.7 B at a stock price of $78.73. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Madison Square Garden Entertainment performing?

Madison Square Garden Entertainment Corp.'s share price has been rising for 54 weeks. Over the past 13 weeks it has done better than the S&P 500, for 2 weeks running. This describes what the data did, not a rating (as of 4 November 2026).

Will Madison Square Garden Entertainment's stock price go up?

This page does not forecast Madison Square Garden Entertainment Corp.'s stock price. What it shows instead: the stock price is $78.73, and it has been rising for 54 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

Does Madison Square Garden Entertainment have too much debt?

Yes, Madison Square Garden Entertainment Corp. has a lot of debt: its debt is 97.64× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading.

Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Where is Madison Square Garden Entertainment in its business cycle?

Madison Square Garden Entertainment Corp.'s FY26 operating margin was 15.8%, against a 6-year range of −290.0% to 15.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high.

The latest quarter was −4.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Madison Square Garden Entertainment story?

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Madison Square Garden Entertainment a stock worth studying right now?

What the numbers show: Madison Square Garden Entertainment Corp.'s earnings have grown faster than its share price. Earnings per share grew +79.2% in a year while the price moved +69.3%. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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