Madison Square Garden Sports (MSGS) Financials

$196.68 -1.85 (-0.93%)

As of 05/20/2025 03:58 PM Eastern

Annual Income Statements for Madison Square Garden Sports

This table shows Madison Square Garden Sports' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Income / (Loss) Attributable to Common Shareholders	59	48	51	-14	-182	11	142	-73	-77	-41
Consolidated Net Income / (Loss)	59	46	49	-16	-209	-3.12	134	-77	-77	-41
Net Income / (Loss) Continuing Operations	59	46	49	-16	-119	-48	38	-77	-77	-41
Total Pre-Tax Income	106	90	74	-89	-98	-61	-21	-81	-77	-40
Total Operating Income	146	85	86	-78	-94	-58	-18	-56	-59	-0.41
Total Gross Profit	1,027	887	821	416	603	729	712	1,318	1,115	1,072
Total Revenue	1,027	887	821	416	603	729	712	1,318	1,115	1,072
Operating Revenue	1,027	887	821	416	603	729	712	1,318	1,115	1,072
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	881	802	735	494	697	788	731	1,375	1,174	1,072
Selling, General & Admin Expense	261	250	230	207	320	327	291	407	334	238
Depreciation Expense	3.16	3.58	5.04	5.57	18	20	21	107	102	109
Other Operating Expenses / (Income)	617	549	501	282	360	440	419	860	738	725
Total Other Income / (Expense), net	-40	4.75	-12	-11	-4.18	-2.45	-3.11	-25	-18	-40
Interest Expense	28	23	12	11	4.46	4.97	3.49	4.19	2.03	2.50
Interest & Investment Income	2.79	2.39	0.31	0.03	0.70	1.19	0.90	-18	-12	-38
Other Income / (Expense), net	-16	25	-0.73	-0.35	-0.42	1.33	-0.52	-2.55	-4.02	0.19
Income Tax Expense	47	44	25	-73	21	-13	-59	-4.40	0.30	0.44
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-2.17	-2.25	-1.94	-26	-15	-7.15	-4.07	-	-
Basic Earnings per Share	$2.45	$1.90	$2.11	($0.58)	($7.62)	$0.48	$5.99	($3.05)	($3.12)	($1.63)
Weighted Average Basic Shares Outstanding	24.01M	24.09M	24.25M	24.13M	23.94M	23.77M	23.64M	23.85M	24.75M	24.93M
Diluted Earnings per Share	$2.44	$1.89	$2.10	($0.58)	($7.62)	$0.48	$5.94	($3.05)	($3.12)	($1.63)
Weighted Average Diluted Shares Outstanding	24.10M	24.19M	24.41M	24.13M	23.94M	23.90M	23.85M	23.85M	24.75M	24.93M
Weighted Average Basic & Diluted Shares Outstanding	23.95M	23.89M	24.23M	24.12M	24.00M	23.76M	23.60M	23.80M	24.80M	25M

This table shows Madison Square Garden Sports' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-14	1.11	-7.54	25	38	14	-19	-9.26	52	22	-18
Consolidated Net Income / (Loss)	-14	1.11	-7.54	25	38	14	-19	-9.49	52	22	-19
Net Income / (Loss) Continuing Operations	-14	1.11	-7.54	25	38	14	-19	-9.49	52	22	-19
Total Pre-Tax Income	23	1.81	-15	43	72	25	-34	-12	95	46	-39
Total Operating Income	32	13	-8.27	52	80	29	-15	-12	82	52	-36
Total Gross Profit	424	358	53	231	430	327	43	127	383	354	24
Total Revenue	424	358	53	227	430	327	43	127	383	354	24
Operating Revenue	424	358	53	227	430	327	43	127	383	354	24
Total Cost of Revenue	0.00	0.00	0.00	-3.52	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Operating Expenses	392	344	62	178	350	298	58	139	301	302	60
Selling, General & Admin Expense	75	68	53	66	76	65	54	58	61	76	55
Depreciation Expense	0.82	0.79	0.78	0.79	0.79	0.79	0.79	0.87	0.84	0.84	1.03
Other Operating Expenses / (Income)	316	276	8.21	-	273	232	3.52	80	239	226	3.68
Total Other Income / (Expense), net	-9.71	-12	-6.32	-9.57	-7.85	-3.81	-19	-0.03	13	-5.13	-3.12
Interest Expense	5.02	5.59	6.06	6.32	6.92	7.42	6.93	6.49	7.00	6.08	3.31
Interest & Investment Income	1.05	0.69	0.86	1.24	0.48	0.62	0.45	0.77	0.70	0.57	0.36
Other Income / (Expense), net	-5.74	-6.61	-1.13	-4.49	-1.40	2.99	-13	5.70	19	0.39	-0.17
Income Tax Expense	37	0.70	-7.05	17	34	11	-15	-2.73	43	25	-20
Basic Earnings per Share	($0.59)	$0.05	($0.31)	$1.07	$1.58	$0.59	($0.79)	($0.41)	$2.19	$0.85	($0.73)
Weighted Average Basic Shares Outstanding	24.10M	24.10M	24.05M	24.01M	24.03M	24.02M	23.97M	24.09M	23.97M	24.13M	24.30M
Diluted Earnings per Share	($0.59)	$0.05	($0.31)	$1.07	$1.57	$0.59	($0.79)	($0.40)	$2.18	$0.84	($0.73)
Weighted Average Diluted Shares Outstanding	24.10M	24.17M	24.05M	24.10M	24.10M	24.07M	23.97M	24.19M	24.06M	24.19M	24.30M
Weighted Average Basic & Diluted Shares Outstanding	24.02M	24.01M	23.99M	23.95M	23.95M	23.95M	23.93M	23.89M	23.89M	23.88M	24.33M

This table details how cash moves in and out of Madison Square Garden Sports' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Change in Cash & Equivalents	54	-51	19	-19	-1,027	-143	-15	-199	1,430	8.07
Net Cash From Operating Activities	92	152	178	-35	3.57	161	218	224	126	69
Net Cash From Continuing Operating Activities	92	152	178	-35	3.57	161	218	224	126	69
Net Income / (Loss) Continuing Operations	59	46	49	-16	-209	-3.12	134	-77	-77	-41
Consolidated Net Income / (Loss)	59	46	49	-16	-209	-3.12	134	-77	-77	-41
Depreciation Expense	3.16	3.58	5.04	5.57	93	119	122	107	102	109
Non-Cash Adjustments To Reconcile Net Income	54	12	48	60	191	44	78	133	89	51
Changes in Operating Assets and Liabilities, net	-24	91	76	-85	-72	1.18	-117	51	11	-50
Net Cash From Investing Activities	-8.90	-18	-2.93	-0.47	-515	-233	-182	-264	-116	-103
Net Cash From Continuing Investing Activities	-8.90	-18	-2.93	-0.47	-515	-233	-182	-264	-116	-103
Purchase of Property, Plant & Equipment	-1.45	-1.18	-0.93	-0.47	-362	-189	-198	-45	-74	-67
Purchase of Investments	-7.45	-14	-2.00	0.00	-405	-122	-1.50	-23	-7.09	-
Other Investing Activities, net	0.00	-3.02	0.00	-	0.48	0.00	0.00	-	-	-
Net Cash From Financing Activities	-29	-185	-156	17	-521	-72	-51	-159	1,420	41
Net Cash From Continuing Financing Activities	-29	-185	-156	17	-521	-72	-51	-159	1,420	41
Repayment of Debt	-95	-136	-138	-29	-20	-112	-0.75	-3.23	-	-
Repurchase of Preferred Equity	0.00	-75	0.00	0.00	-	-	-	-	-	-
Payment of Dividends	-0.70	-171	0.00	0.00	-0.54	-2.19	-4.12	-	-	-
Issuance of Debt	75	215	0.00	60	350	56	0.00	0.00	-	-
Other Financing Activities, net	-8.08	-18	-18	-14	-854	-20	-38	-7.33	1,526	41

This table details how cash moves in and out of Madison Square Garden Sports' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-11	58	-37	50	3.55	-11	12	-25	21	-36	-9.98
Net Cash From Operating Activities	6.26	62	-26	108	4.04	34	-54	38	83	30	1.29
Net Cash From Continuing Operating Activities	6.26	62	-26	108	4.04	34	-54	38	83	30	1.29
Net Income / (Loss) Continuing Operations	-14	1.11	-7.54	25	38	14	-19	-9.49	52	22	-19
Consolidated Net Income / (Loss)	-14	1.11	-7.54	25	38	14	-19	-9.49	52	22	-19
Depreciation Expense	0.82	0.79	0.78	0.79	0.79	0.79	0.79	0.87	0.84	0.84	1.03
Non-Cash Adjustments To Reconcile Net Income	34	27	-6.88	-4.04	34	16	5.33	-13	-0.18	35	-9.28
Changes in Operating Assets and Liabilities, net	-15	33	-13	86	-69	2.56	-41	59	31	-27	28
Net Cash From Investing Activities	-3.05	-1.14	-1.16	-3.21	-0.45	-3.51	-1.73	-7.39	-9.05	-1.04	-0.27
Net Cash From Continuing Investing Activities	-3.05	-1.14	-1.16	-3.21	-0.45	-3.51	-1.73	-7.39	-9.05	-1.04	-0.27
Purchase of Property, Plant & Equipment	-2.36	-0.53	-0.36	-0.37	-0.09	-0.60	-0.39	-0.15	-0.37	-0.39	-0.27
Purchase of Investments	-0.69	-0.61	-0.80	-	-	-2.91	-1.34	-	-	-	-
Net Cash From Financing Activities	-14	-2.87	-9.50	-55	-0.03	-42	68	-56	-53	-65	-11
Net Cash From Continuing Financing Activities	-14	-2.87	-9.50	-55	-0.03	-42	68	-56	-53	-65	-11
Repayment of Debt	-14	-	-	-55	-	-	-	-53	-53	-30	0.00
Payment of Dividends	-0.03	-0.16	-0.44	-0.02	-0.03	-0.11	-0.54	-0.10	-0.14	-171	0.00

This table presents Madison Square Garden Sports' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Total Assets	1,346	1,315	1,302	1,310	1,234	3,764	3,736	1,272	3,544	2,149
Total Current Assets	217	149	205	185	128	1,413	1,416	1,272	1,604	169
Cash & Equivalents	89	40	91	65	78	4.32	1,226	1,238	1,444	14
Restricted Cash	5.77	0.06	0.00	7.13	13	22	31	34	27	13
Accounts Receivable	66	56	76	81	7.54	16	101	-	80	52
Prepaid Expenses	31	25	19	17	21	21	29	-	27	24
Other Current Assets	25	28	20	16	9.43	6.37	29	-	25	35
Plant, Property, & Equipment, net	29	31	33	36	40	31	1,254	0.00	1,161	1,189
Total Noncurrent Assets	1,101	1,135	1,064	1,089	1,066	2,319	1,067	0.00	779	792
Goodwill	227	227	227	227	227	227	393	-	277	277
Intangible Assets	104	104	113	114	115	118	420	-	183	189
Other Noncurrent Operating Assets	771	805	724	732	724	5.89	45	-	54	76
Total Liabilities & Shareholders' Equity	1,346	1,315	1,302	1,310	1,234	3,764	3,736	47	3,544	2,149
Total Liabilities	1,613	1,652	1,447	1,512	1,437	1,057	1,105	0.00	958	926
Total Current Liabilities	522	521	438	368	290	760	766	0.00	615	534
Short-Term Debt	30	30	30	30	0.00	-	4.37	-	-	-
Accounts Payable	17	15	31	19	20	1.24	43	-	29	4.90
Accrued Expenses	22	124	82	16	33	124	180	-	134	122
Current Deferred Revenue	149	157	132	131	126	110	325	-	332	311
Current Employee Benefit Liabilities	134	144	119	90	71	78	124	-	119	96
Other Current Liabilities	171	50	44	81	39	0.00	90	-	-	-
Total Noncurrent Liabilities	1,091	1,132	1,009	1,144	1,147	297	340	0.00	343	392
Long-Term Debt	275	295	220	355	350	0.00	101	-	-	-
Noncurrent Deferred Revenue	1.15	13	31	32	2.01	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	17	24	8.92	0.00	58	36	79	-	195	207
Noncurrent Employee Benefit Liabilities	48	54	5.01	64	57	7.05	103	-	99	134
Other Noncurrent Operating Liabilities	750	746	744	693	680	55	57	-	49	51
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	-266	-337	-145	-202	-203	2,639	2,554	2,420	2,586	1,223
Total Preferred & Common Equity	-266	-337	-147	-204	-207	2,621	2,536	-34	2,586	1,223
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	-
Total Common Equity	-266	-337	-147	-204	-207	2,621	2,536	-34	2,586	1,223
Common Stock	19	17	18	23	6.19	2,846	2,818	-	2,806	-
Retained Earnings	-115	-174	-36	-79	-44	29	-11	-	-76	-
Treasury Stock	-170	-179	-128	-147	-167	-208	-224	-	-102	-
Accumulated Other Comprehensive Income / (Loss)	-0.95	-1.01	-1.19	-2.03	-2.14	-47	-47	-34	-43	-40

This table presents Madison Square Garden Sports' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	3/31/2024	12/31/2023	9/30/2023	3/31/2023	12/31/2022	9/30/2022	3/31/2022
Total Assets	1,504	1,412	1,373	1,388	1,368	1,366	1,363	1,301	1,346	1,364
Total Current Assets	319	297	236	251	216	201	262	208	220	264
Cash & Equivalents	97	108	52	40	38	51	65	44	81	49
Restricted Cash	8.50	8.03	5.83	4.75	3.35	1.21	0.65	1.25	0.00	0.98
Accounts Receivable	139	99	71	100	90	53	107	99	58	144
Prepaid Expenses	35	61	84	32	56	71	23	44	65	22
Other Current Assets	40	20	22	74	29	24	66	21	16	48
Plant, Property, & Equipment, net	29	28	28	29	30	30	31	32	32	33
Total Noncurrent Assets	1,156	1,087	1,109	1,109	1,123	1,135	1,070	1,061	1,094	1,066
Goodwill	227	227	227	227	227	227	227	227	227	227
Intangible Assets	104	104	104	104	104	104	113	113	113	113
Other Noncurrent Operating Assets	826	757	779	779	793	805	730	721	742	726
Total Liabilities & Shareholders' Equity	1,504	1,412	1,373	1,388	1,368	1,366	1,363	1,301	1,346	1,364
Total Liabilities	1,788	1,686	1,651	1,682	1,708	1,725	1,696	1,687	1,518	1,542
Total Current Liabilities	617	603	575	527	560	554	511	483	522	454
Short-Term Debt	24	30	30	30	30	30	30	30	30	30
Accounts Payable	13	14	9.99	11	11	12	16	16	35	35
Accrued Expenses	224	154	109	167	121	91	128	109	77	27
Current Deferred Revenue	166	268	307	117	258	300	132	188	267	102
Current Employee Benefit Liabilities	139	87	69	152	91	70	161	96	70	130
Other Current Liabilities	51	50	50	50	51	51	44	44	44	130
Total Noncurrent Liabilities	1,171	1,083	1,076	1,156	1,147	1,171	1,186	1,204	996	1,087
Long-Term Debt	267	275	275	330	330	370	350	405	220	285
Noncurrent Deferred Revenue	0.72	0.92	1.12	1.20	1.41	1.61	32	31	31	31
Noncurrent Deferred & Payable Income Tax Liabilities	6.31	6.81	9.79	15	20	8.86	37	13	0.00	15
Noncurrent Employee Benefit Liabilities	48	4.10	52	53	4.54	4.53	4.75	5.00	5.00	51
Other Noncurrent Operating Liabilities	849	796	739	757	792	786	762	750	739	705
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-283	-273	-278	-294	-339	-359	-333	-386	-172	-178
Total Preferred & Common Equity	-283	-273	-278	-294	-339	0.00	-334	-388	-173	-180
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-283	-273	-278	-294	-339	-359	-334	-388	-173	-180
Common Stock	12	10	8.60	18	12	7.80	11	0.25	0.25	13
Retained Earnings	-136	-122	-123	-141	-179	-193	-165	-217	-62	-63
Treasury Stock	-159	-161	-163	-171	-171	-173	-179	-170	-110	-128
Accumulated Other Comprehensive Income / (Loss)	-0.91	-0.93	-0.94	-0.99	-1.00	-1.00	-1.18	-1.18	-1.18	-1.96

This table displays calculated financial ratios and metrics derived from Madison Square Garden Sports' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.74%	8.05%	97.57%	-31.09%	-17.29%	2.38%	-45.97%	18.21%	4.08%	17.29%
EBITDA Growth	17.23%	26.10%	223.47%	-7,815.14%	-101.48%	-39.94%	81.36%	43.67%	-63.30%	588.40%
EBIT Growth	18.17%	29.36%	208.33%	16.44%	-65.82%	-204.12%	68.24%	6.04%	-28,903.70%	99.81%
NOPAT Growth	87.94%	-24.06%	203.65%	16.43%	-61.30%	-220.12%	67.72%	3.96%	-14,341.13%	99.64%
Net Income Growth	28.80%	-6.65%	407.48%	92.39%	-6,600.77%	-102.32%	275.09%	0.65%	-89.98%	65.21%
EPS Growth	29.10%	-10.00%	462.07%	92.39%	-1,687.50%	-102.32%	275.09%	2.24%	-91.41%	65.25%
Operating Cash Flow Growth	-39.58%	-14.37%	604.04%	-1,090.08%	-97.79%	-25.90%	-2.64%	77.71%	81.37%	-49.40%
Free Cash Flow Firm Growth	-22.62%	-29.07%	240.22%	-3.03%	-108.80%	194.68%	-257.94%	1,388.05%	105.76%	0.00%
Invested Capital Growth	-6.69%	-487.31%	-87.75%	98.77%	279.73%	-98.84%	0.00%	-100.00%	-10.10%	0.00%
Revenue Q/Q Growth	10.83%	-5.16%	3.57%	58.76%	2,267.95%	-13.04%	-53.94%	7.14%	-3.23%	0.00%
EBITDA Q/Q Growth	68.30%	-20.83%	96.95%	20.10%	98.22%	-37.42%	12.27%	-36.49%	-56.90%	0.00%
EBIT Q/Q Growth	71.32%	-21.18%	106.58%	23.48%	44.28%	-182.14%	32.87%	-319.17%	-668.22%	0.00%
NOPAT Q/Q Growth	112.38%	-46.35%	-44.10%	23.56%	45.78%	-199.68%	14.17%	-300.98%	-618.96%	0.00%
Net Income Q/Q Growth	147.08%	-44.20%	-31.53%	89.00%	-0.13%	-112.18%	37.92%	-60.80%	-286.64%	0.00%
EPS Q/Q Growth	151.55%	-46.15%	-30.69%	90.14%	-3.25%	-112.18%	37.92%	-63.10%	-271.43%	0.00%
Operating Cash Flow Q/Q Growth	329.48%	-33.31%	113.82%	78.18%	-97.96%	7.53%	-22.55%	51.73%	-5.37%	0.00%
Free Cash Flow Firm Q/Q Growth	4,656.11%	-41.24%	68.73%	-108.09%	93.45%	146.35%	-133.15%	321.22%	0.00%	0.00%
Invested Capital Q/Q Growth	-364.41%	-179.64%	-84.36%	44.89%	-96.30%	0.00%	148.72%	-100.00%	-7.50%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	13.01%	12.84%	11.01%	-17.61%	-0.15%	8.55%	14.57%	4.34%	3.57%	10.13%
Operating Margin	14.22%	9.60%	10.48%	-18.87%	-15.56%	-7.98%	-2.55%	-4.27%	-5.26%	-0.04%
EBIT Margin	12.70%	12.44%	10.39%	-18.95%	-15.63%	-7.80%	-2.62%	-4.46%	-5.62%	-0.02%
Profit (Net Income) Margin	5.72%	5.14%	5.95%	-3.82%	-34.62%	-0.43%	18.87%	-5.82%	-6.93%	-3.80%
Tax Burden Percent	55.62%	50.74%	66.11%	17.80%	213.02%	5.14%	-631.57%	94.58%	100.39%	101.08%
Interest Burden Percent	80.99%	81.44%	86.62%	113.36%	103.99%	106.65%	113.86%	137.93%	122.90%	18,633.33%
Effective Tax Rate	44.38%	49.26%	33.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	91.28%	-65.76%	-186.11%	-6.34%	-2.00%	-9.26%	-4.56%	-0.06%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	87.87%	-52.13%	-174.34%	-8.20%	-9.63%	-7.49%	-0.96%	29.19%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-119.43%	73.61%	169.42%	6.23%	7.24%	6.24%	0.51%	-6.59%
Return on Equity (ROE)	-19.48%	-18.91%	-28.15%	7.84%	-16.69%	-0.12%	5.24%	-3.02%	-4.06%	-6.65%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	247.64%	-131.88%	-302.73%	189.07%	-202.00%	190.74%	6.07%	-200.06%
Operating Return on Assets (OROA)	9.80%	8.44%	6.54%	-6.19%	-3.77%	-1.52%	-0.75%	-2.44%	-2.20%	-0.01%
Return on Assets (ROA)	4.42%	3.49%	3.74%	-1.25%	-8.36%	-0.08%	5.37%	-3.19%	-2.72%	-1.89%
Return on Common Equity (ROCE)	-19.48%	-18.98%	-28.49%	7.96%	-16.09%	-0.11%	2.56%	-1.51%	-4.06%	-6.65%
Return on Equity Simple (ROE_SIMPLE)	-22.07%	-13.53%	-33.23%	7.78%	100.91%	-0.12%	5.30%	225.09%	-2.99%	-3.33%
Net Operating Profit after Tax (NOPAT)	81	43	57	-55	-66	-41	-13	-39	-41	-0.28
NOPAT Margin	7.91%	4.87%	6.93%	-13.21%	-10.89%	-5.58%	-1.79%	-2.99%	-3.68%	-0.03%
Net Nonoperating Expense Percent (NNEP)	9.08%	-1.09%	3.40%	-13.63%	-11.77%	1.86%	7.62%	-1.76%	-3.60%	-29.25%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	25.45%	28.16%	27.96%	49.72%	52.99%	44.89%	40.81%	30.87%	29.91%	22.24%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	85.78%	90.40%	89.52%	118.87%	115.56%	107.98%	102.55%	104.27%	105.26%	100.04%
Earnings before Interest and Taxes (EBIT)	130	110	85	-79	-94	-57	-19	-59	-63	-0.22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	134	114	90	-73	-0.93	62	104	57	40	109
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	2.42	2.76	0.00	1.56	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	2.79	4.07	0.00	1.90	0.00
Price to Revenue (P/Rev)	4.39	5.06	4.25	9.56	5.58	8.71	9.84	3.36	3.61	0.00
Price to Earnings (P/E)	76.65	94.01	68.34	0.00	0.00	555.97	49.52	0.00	0.00	0.00
Dividend Yield	0.00%	3.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.30%	1.06%	1.46%	0.00%	0.00%	0.18%	2.02%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	268.65	38.62	64.93	435.71	4.52	0.00	2.70	0.00
Enterprise Value to Revenue (EV/Rev)	4.59	5.38	4.45	10.32	6.02	8.79	8.06	2.45	2.06	0.00
Enterprise Value to EBITDA (EV/EBITDA)	35.28	41.91	40.43	0.00	0.00	102.89	55.35	56.56	57.66	0.00
Enterprise Value to EBIT (EV/EBIT)	36.14	43.27	42.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	58.05	110.55	64.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	51.18	31.33	20.53	0.00	1,017.14	39.77	26.40	14.48	18.26	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	55.64	43.63	23.67	0.00	0.00	5.28	0.00	3.99	42.09	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.15	-0.96	-1.72	-1.91	-1.72	0.00	0.04	0.00	0.00	0.00
Long-Term Debt to Equity	-1.03	-0.87	-1.51	-1.76	-1.72	0.00	0.04	0.00	0.00	0.00
Financial Leverage	-0.82	-0.92	-1.36	-1.41	-0.97	-0.76	-0.75	-0.83	-0.53	-0.23
Leverage Ratio	-4.41	-5.42	-7.52	-6.28	2.00	1.41	0.98	0.95	1.49	1.76
Compound Leverage Factor	-3.57	-4.42	-6.52	-7.11	2.08	1.50	1.11	1.31	1.84	327.33
Debt to Total Capital	788.32%	-2,656.53%	238.95%	210.23%	238.80%	0.00%	3.86%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	77.54%	-245.22%	28.67%	16.38%	0.00%	0.00%	0.16%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	710.78%	-2,411.31%	210.28%	193.85%	238.80%	0.00%	3.70%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	1.64%	1.33%	2.42%	3.17%	3.44%	3.22%	0.00%	0.00%
Common Equity to Total Capital	-688.32%	2,756.53%	-140.59%	-111.56%	-141.22%	96.83%	92.68%	-1.36%	99.99%	100.00%
Debt to EBITDA	2.28	2.85	2.77	-5.26	-378.38	0.00	1.02	0.00	0.00	0.00
Net Debt to EBITDA	1.57	2.50	1.76	-4.27	-280.35	0.00	-13.11	0.00	0.00	0.00
Long-Term Debt to EBITDA	2.06	2.59	2.43	-4.85	-378.38	0.00	0.98	0.00	0.00	0.00
Debt to NOPAT	3.76	7.52	4.39	-7.01	-5.33	0.00	-8.31	0.00	0.00	0.00
Net Debt to NOPAT	2.59	6.58	2.79	-5.70	-3.95	0.00	106.94	0.00	0.00	0.00
Long-Term Debt to NOPAT	3.39	6.83	3.87	-6.47	-5.33	0.00	-7.96	0.00	0.00	0.00
Altman Z-Score	2.37	2.06	2.04	1.44	1.44	3.97	4.18	0.00	3.09	0.00
Noncontrolling Interest Sharing Ratio	0.00%	-0.35%	-1.20%	-1.48%	3.57%	3.38%	51.24%	49.83%	0.01%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.42	0.29	0.47	0.50	0.44	1.86	1.85	0.00	2.61	0.32
Quick Ratio	0.30	0.19	0.38	0.40	0.29	0.03	1.73	0.00	2.48	0.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	85	110	154	-110	-107	1,214	-1,283	812	55	-947
Operating Cash Flow to CapEx	6,349.48%	12,910.50%	19,104.72%	-7,580.69%	0.98%	85.39%	109.96%	494.28%	170.63%	110.50%
Free Cash Flow to Firm to Interest Expense	3.07	4.79	13.16	-10.43	-23.96	244.34	-367.29	193.85	26.91	-379.25
Operating Cash Flow to Interest Expense	3.34	6.66	15.17	-3.34	0.80	32.45	62.32	53.36	62.02	27.76
Operating Cash Flow Less CapEx to Interest Expense	3.29	6.61	15.09	-3.39	-80.45	-5.55	5.65	42.57	25.68	2.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.68	0.63	0.33	0.24	0.19	0.28	0.55	0.39	0.50
Accounts Receivable Turnover	16.82	13.48	10.52	9.43	52.28	12.49	0.00	0.00	16.88	20.58
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	34.79	28.00	23.94	11.04	17.03	1.14	0.00	0.00	0.95	0.90
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	21.70	27.08	34.70	38.70	6.98	29.23	0.00	0.00	21.62	17.73
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	21.70	27.08	34.70	38.70	6.98	29.23	0.00	0.00	21.62	17.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-56	-53	14	111	56	15	1,270	0.00	851	947
Invested Capital Turnover	-18.86	-45.41	13.17	4.98	17.09	1.14	1.12	3.10	1.24	2.26
Increase / (Decrease) in Invested Capital	-3.52	-66	-97	55	41	-1,255	1,270	-851	-96	947
Enterprise Value (EV)	4,715	4,778	3,655	4,291	3,629	6,413	5,745	3,237	2,297	0.00
Market Capitalization	4,505	4,493	3,494	3,975	3,366	6,353	7,011	4,428	4,032	0.00
Book Value per Share	($11.12)	($14.11)	($6.07)	($8.47)	($8.63)	$110.30	$107.18	($1.45)	$105.70	$49.07
Tangible Book Value per Share	($24.91)	($27.93)	($20.09)	($22.60)	($22.88)	$95.76	$72.85	($1.45)	$86.91	$30.36
Total Capital	39	-12	105	183	147	2,706	2,736	2,500	2,586	1,223
Total Debt	305	325	250	385	350	0.00	106	0.00	0.00	0.00
Total Long-Term Debt	275	295	220	355	350	0.00	101	0.00	0.00	0.00
Net Debt	210	285	159	313	259	-26	-1,361	-1,272	-1,735	-276
Capital Expenditures (CapEx)	1.45	1.18	0.93	0.47	362	189	198	45	74	63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-370	-382	-294	-225	-253	627	-602	0.00	-482	-392
Debt-free Net Working Capital (DFNWC)	-275	-341	-203	-153	-162	653	655	1,272	989	-365
Net Working Capital (NWC)	-305	-371	-233	-183	-162	653	650	1,272	989	-365
Net Nonoperating Expense (NNE)	22	-2.41	8.03	-39	143	-38	-147	37	36	40
Net Nonoperating Obligations (NNO)	210	285	159	313	259	-2,692	-1,361	-2,500	-1,735	-276
Total Depreciation and Amortization (D&A)	3.16	3.58	5.04	5.57	93	119	122	116	102	109
Debt-free, Cash-free Net Working Capital to Revenue	-36.02%	-43.02%	-35.80%	-54.14%	-41.88%	86.03%	-84.51%	0.00%	-43.25%	-36.57%
Debt-free Net Working Capital to Revenue	-26.78%	-38.46%	-24.72%	-36.81%	-26.85%	89.57%	91.87%	96.49%	88.68%	-34.07%
Net Working Capital to Revenue	-29.70%	-41.84%	-28.37%	-44.03%	-26.85%	89.57%	91.26%	96.49%	88.68%	-34.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.45	$1.90	$2.11	($0.58)	($7.62)	$0.34	$4.27	($2.18)	($2.23)	($1.16)
Adjusted Weighted Average Basic Shares Outstanding	24.01M	24.09M	24.25M	24.13M	23.94M	33.32M	33.14M	33.44M	34.70M	34.95M
Adjusted Diluted Earnings per Share	$2.44	$1.89	$2.10	($0.58)	($7.62)	$0.34	$4.24	($2.18)	($2.23)	($1.16)
Adjusted Weighted Average Diluted Shares Outstanding	24.10M	24.19M	24.41M	24.13M	23.94M	33.51M	33.43M	33.44M	34.70M	34.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.95M	23.89M	24.23M	24.12M	24.00M	33.31M	33.18M	33.01M	33.74M	35.05M
Normalized Net Operating Profit after Tax (NOPAT)	81	43	57	-55	-66	-41	-13	-39	-41	-0.28
Normalized NOPAT Margin	7.91%	4.87%	6.93%	-13.21%	-10.89%	-5.58%	-1.79%	-2.99%	-3.68%	-0.03%
Pre Tax Income Margin	10.29%	10.13%	9.00%	-21.49%	-16.25%	-8.31%	-2.99%	-6.16%	-6.90%	-3.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.73	4.82	7.27	-7.46	-21.14	-11.44	-5.35	-14.05	-30.89	-0.09
NOPAT to Interest Expense	2.94	1.89	4.85	-5.20	-14.73	-8.20	-3.64	-9.41	-20.24	-0.11
EBIT Less CapEx to Interest Expense	4.68	4.77	7.19	-7.50	-102.39	-49.44	-62.03	-24.85	-67.24	-25.21
NOPAT Less CapEx to Interest Expense	2.89	1.84	4.77	-5.24	-95.98	-46.19	-60.32	-20.21	-56.59	-25.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.19%	374.60%	0.00%	0.00%	-0.26%	-70.13%	3.07%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1.19%	374.60%	0.00%	0.00%	-0.26%	-70.13%	11.87%	-192.69%	-136.80%	0.00%

This table displays calculated financial ratios and metrics derived from Madison Square Garden Sports' official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.34%	9.44%	23.84%	79.05%	12.33%	-7.58%	78.70%	-27.56%	13.31%	22.14%	28.17%
EBITDA Growth	-65.34%	-77.00%	67.72%	963.76%	-22.36%	-38.19%	23.81%	-123.09%	62.97%	42.27%	-4.36%
EBIT Growth	-66.05%	-78.92%	65.81%	835.46%	-22.49%	-38.72%	23.78%	-128.06%	64.81%	44.76%	-3.04%
NOPAT Growth	-148.40%	-50.11%	44.19%	465.45%	-6.00%	-32.41%	58.71%	-128.06%	79.30%	43.54%	-2.75%
Net Income Growth	-137.56%	-92.19%	59.93%	368.50%	-26.90%	-34.86%	-1.59%	-135.63%	116.62%	43.68%	-9.72%
EPS Growth	-137.58%	-91.53%	60.76%	367.50%	-27.98%	-29.76%	-8.22%	-135.71%	118.00%	29.23%	-7.35%
Operating Cash Flow Growth	55.14%	82.33%	51.69%	187.62%	-95.15%	11.86%	-4,313.31%	-66.90%	107.01%	-30.11%	106.65%
Free Cash Flow Firm Growth	5,060.37%	78.29%	687.08%	-39.88%	-98.73%	-65.20%	-102.61%	-54.85%	929.35%	366.93%	270.18%
Invested Capital Growth	-558.52%	-311.29%	-179.26%	-6.69%	212.83%	-695.36%	-272.10%	-487.31%	-121.66%	-96.38%	-102.62%
Revenue Q/Q Growth	18.57%	571.13%	-76.54%	-47.15%	31.53%	659.42%	-66.08%	-66.84%	8.21%	1,368.28%	-86.25%
EBITDA Q/Q Growth	265.77%	187.00%	-117.73%	-38.57%	142.74%	222.11%	-374.41%	-105.52%	93.24%	250.52%	-243.81%
EBIT Q/Q Growth	296.64%	171.35%	-119.66%	-38.97%	146.29%	215.71%	-322.84%	-106.43%	94.74%	243.92%	-255.65%
NOPAT Q/Q Growth	-348.64%	241.21%	-118.56%	-25.73%	156.31%	257.95%	-21.54%	-119.10%	84.31%	196.50%	-182.58%
Net Income Q/Q Growth	-1,380.56%	114.73%	-129.59%	-32.70%	166.29%	175.58%	-98.24%	-118.32%	137.28%	217.86%	-169.52%
EPS Q/Q Growth	-1,280.00%	116.13%	-128.97%	-31.85%	166.10%	174.68%	-97.50%	-118.35%	159.52%	215.07%	-165.18%
Operating Cash Flow Q/Q Growth	-89.86%	336.18%	-124.14%	2,583.95%	-88.09%	162.58%	-243.72%	-54.73%	174.74%	2,257.35%	-98.87%
Free Cash Flow Firm Q/Q Growth	37.17%	417.65%	-60.09%	1,720.88%	-95.26%	1,804.57%	-104.09%	-61.63%	30.15%	27.99%	-29.37%
Invested Capital Q/Q Growth	-16.07%	-174.36%	45.54%	-364.41%	204.11%	-86.29%	79.20%	-179.64%	-649.36%	216.43%	-121.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	101.55%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	6.46%	2.10%	-16.16%	21.39%	18.40%	9.97%	-62.02%	-4.43%	26.63%	14.91%	-145.46%
Operating Margin	7.62%	3.72%	-15.52%	23.02%	18.55%	8.82%	-34.44%	-9.61%	21.36%	14.57%	-149.02%
EBIT Margin	6.27%	1.87%	-17.63%	21.04%	18.22%	9.73%	-63.86%	-5.12%	26.41%	14.67%	-149.71%
Profit (Net Income) Margin	-3.35%	0.31%	-14.15%	11.22%	8.81%	4.35%	-43.72%	-7.48%	13.54%	6.17%	-76.91%
Tax Burden Percent	-62.87%	61.42%	51.69%	59.66%	52.68%	56.88%	55.41%	77.66%	54.67%	47.07%	47.48%
Interest Burden Percent	85.08%	26.98%	155.23%	89.37%	91.77%	78.62%	123.56%	188.05%	93.77%	89.38%	108.20%
Effective Tax Rate	162.87%	38.58%	0.00%	40.34%	47.32%	43.12%	0.00%	0.00%	45.33%	52.93%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	7,490.49%	0.00%	0.00%	0.00%	320.73%	124.30%	-1,573.70%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	7,489.18%	0.00%	0.00%	0.00%	323.19%	123.61%	-1,571.13%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	-7,518.06%	0.00%	0.00%	0.00%	-366.29%	-143.99%	1,997.23%
Return on Equity (ROE)	-1.67%	-18.60%	-22.03%	-19.48%	-27.57%	-10.40%	-17.09%	-18.91%	-45.56%	-19.68%	423.53%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-8.75%	0.00%	0.00%	0.00%	0.00%	312.93%	0.00%
Operating Return on Assets (OROA)	4.61%	1.44%	-13.35%	16.24%	12.27%	6.41%	-42.69%	-3.47%	18.12%	9.86%	-92.57%
Return on Assets (ROA)	-2.46%	0.24%	-10.72%	8.66%	5.93%	2.87%	-29.23%	-5.07%	9.29%	4.15%	-47.56%
Return on Common Equity (ROCE)	-1.67%	-18.60%	-22.03%	-19.48%	-27.60%	-10.42%	-17.14%	-18.98%	-45.80%	-19.82%	427.39%
Return on Equity Simple (ROE_SIMPLE)	-1.71%	-20.85%	-25.24%	0.00%	-8.09%	-11.12%	0.00%	0.00%	-24.50%	-13.89%	-27.25%
Net Operating Profit after Tax (NOPAT)	-20	8.18	-5.79	31	42	16	-10	-8.54	45	24	-25
NOPAT Margin	-4.79%	2.29%	-10.86%	13.73%	9.77%	5.01%	-24.11%	-6.73%	11.68%	6.86%	-104.32%
Net Nonoperating Expense Percent (NNEP)	-2.44%	2.78%	0.59%	2.31%	1.31%	0.61%	3.27%	0.43%	-2.46%	0.70%	-2.57%
Return On Investment Capital (ROIC_SIMPLE)	-269.27%	25.66%	-	-	-	78.76%	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	-1.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	17.61%	18.98%	98.65%	29.22%	17.77%	19.90%	124.42%	45.59%	15.96%	21.38%	229.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	92.38%	96.28%	115.52%	78.53%	81.45%	91.18%	134.44%	109.61%	78.64%	85.43%	249.02%
Earnings before Interest and Taxes (EBIT)	27	6.71	-9.40	48	78	32	-27	-6.50	101	52	-36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	7.50	-8.62	49	79	33	-27	-5.63	102	53	-35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.40	5.07	4.81	4.39	4.77	4.95	4.65	5.06	4.97	5.01	3.83
Price to Earnings (P/E)	967.35	95.10	71.21	76.65	183.93	112.96	90.02	94.01	55.24	79.15	63.61
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.97%	3.72%	3.59%	3.82%	0.00%
Earnings Yield	0.10%	1.05%	1.40%	1.30%	0.54%	0.89%	1.11%	1.06%	1.81%	1.26%	1.57%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	222.65	0.00	0.00	0.00	0.00	1,414.58	0.00
Enterprise Value to Revenue (EV/Rev)	4.58	5.25	5.05	4.59	5.11	5.31	5.03	5.38	5.31	5.45	4.03
Enterprise Value to EBITDA (EV/EBITDA)	64.90	44.26	34.51	35.28	59.62	45.71	37.27	41.91	34.51	46.38	37.48
Enterprise Value to EBIT (EV/EBIT)	67.78	45.39	35.24	36.14	62.16	47.23	38.32	43.27	35.47	48.36	39.54
Enterprise Value to NOPAT (EV/NOPAT)	589.67	73.12	61.24	58.05	123.78	109.07	89.92	110.55	61.68	77.83	60.48
Enterprise Value to Operating Cash Flow (EV/OCF)	32.36	37.86	43.59	51.18	220.67	46.41	46.99	31.33	21.73	26.14	16.78
Enterprise Value to Free Cash Flow (EV/FCFF)	38.28	39.97	49.80	55.64	0.00	70.05	77.64	43.63	26.66	31.56	19.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.03	-1.12	-1.10	-1.15	-1.22	-1.06	-1.12	-0.96	-1.14	-1.13	-1.45
Long-Term Debt to Equity	-0.94	-1.01	-0.99	-1.03	-1.12	-0.97	-1.03	-0.87	-1.05	-1.05	-1.28
Financial Leverage	-0.87	-0.83	-0.93	-0.82	-1.00	-0.98	-0.97	-0.92	-1.13	-1.16	-1.27
Leverage Ratio	-5.01	-4.54	-4.31	-4.41	-4.39	-3.68	-5.11	-5.42	-5.34	-4.45	-6.62
Compound Leverage Factor	-4.26	-1.23	-6.69	-3.94	-4.03	-2.89	-6.32	-10.20	-5.01	-3.97	-7.16
Debt to Total Capital	3,853.79%	957.19%	1,110.26%	788.32%	545.08%	1,729.85%	964.86%	-2,656.53%	808.65%	895.28%	320.14%
Short-Term Debt to Total Capital	317.84%	94.15%	109.21%	77.54%	45.42%	144.15%	72.36%	-245.22%	63.84%	61.74%	38.42%
Long-Term Debt to Total Capital	3,535.96%	863.04%	1,001.06%	710.78%	499.66%	1,585.70%	892.49%	-2,411.31%	744.81%	833.54%	281.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.64%	2.75%	1.86%
Common Equity to Total Capital	-3,753.79%	-857.19%	-1,010.26%	-688.32%	-445.08%	-1,629.85%	-864.86%	2,756.53%	-710.29%	-798.04%	-222.00%
Debt to EBITDA	3.88	2.41	2.01	2.28	4.53	3.52	3.27	2.85	2.64	4.16	2.81
Net Debt to EBITDA	2.48	1.49	1.63	1.57	3.97	3.12	2.84	2.50	2.18	3.73	1.90
Long-Term Debt to EBITDA	3.56	2.17	1.81	2.06	4.16	3.23	3.02	2.59	2.43	3.87	2.47
Debt to NOPAT	35.30	3.98	3.57	3.76	9.41	8.41	7.89	7.52	4.72	6.98	4.54
Net Debt to NOPAT	22.56	2.47	2.89	2.59	8.24	7.44	6.85	6.58	3.90	6.25	3.07
Long-Term Debt to NOPAT	32.39	3.59	3.22	3.39	8.63	7.71	7.30	6.83	4.35	6.50	3.99
Altman Z-Score	1.97	2.32	2.12	2.16	2.05	1.76	1.56	1.77	2.19	1.92	1.44
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	-0.12%	-0.18%	-0.27%	-0.35%	-0.52%	-0.68%	-0.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.52	0.49	0.41	0.42	0.48	0.38	0.36	0.29	0.51	0.43	0.42
Quick Ratio	0.38	0.34	0.22	0.30	0.27	0.23	0.19	0.19	0.34	0.30	0.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	98	72	14	35	1.91	40	-2.36	58	151	116	90
Operating Cash Flow to CapEx	265.83%	11,590.81%	-7,286.35%	29,523.43%	4,294.68%	5,656.76%	-13,846.80%	25,454.05%	22,432.35%	7,747.31%	474.17%
Free Cash Flow to Firm to Interest Expense	19.60	12.84	2.29	5.49	0.28	5.42	-0.34	8.90	21.49	19.02	27.28
Operating Cash Flow to Interest Expense	1.25	11.06	-4.32	17.14	0.58	4.57	-7.81	5.81	11.88	4.98	0.39
Operating Cash Flow Less CapEx to Interest Expense	0.78	10.96	-4.38	17.09	0.57	4.49	-7.87	5.78	11.83	4.92	0.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.77	0.76	0.77	0.67	0.66	0.67	0.68	0.69	0.67	0.62
Accounts Receivable Turnover	8.88	11.28	16.68	16.82	8.96	9.33	16.26	13.48	7.46	8.48	13.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	36.34	37.10	35.45	34.79	30.65	28.46	29.05	28.00	28.83	26.85	24.71
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.26	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	41.09	32.36	21.89	21.70	40.74	39.12	22.44	27.08	48.95	43.03	27.11
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	1,406.75	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	41.09	32.36	21.89	21.70	-1,366.01	39.12	22.44	27.08	48.95	43.03	27.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-97	-84	-31	-56	21	-20	-11	-53	-19	3.43	-2.95
Invested Capital Turnover	-27.88	-20.46	-49.91	-18.86	766.60	-103.54	-130.34	-45.41	27.47	18.13	15.09
Increase / (Decrease) in Invested Capital	-119	-64	-20	-3.52	40	-24	-8.02	-66	-106	-91	-115
Enterprise Value (EV)	4,861	5,604	5,235	4,715	4,734	4,671	4,560	4,778	4,968	4,852	3,333
Market Capitalization	4,675	5,415	4,988	4,505	4,419	4,352	4,212	4,493	4,653	4,461	3,163
Book Value per Share	($11.81)	($11.38)	($11.59)	($11.12)	($12.28)	($14.17)	($15.01)	($14.11)	($13.98)	($15.94)	($7.16)
Tangible Book Value per Share	($25.56)	($25.14)	($25.37)	($24.91)	($26.06)	($27.97)	($28.82)	($27.93)	($28.19)	($29.89)	($21.17)
Total Capital	7.55	32	27	39	66	21	41	-12	47	49	78
Total Debt	291	305	305	305	360	360	400	325	380	435	250
Total Long-Term Debt	267	275	275	275	330	330	370	295	350	405	220
Net Debt	186	189	247	210	315	319	348	285	314	390	169
Capital Expenditures (CapEx)	2.36	0.53	0.36	0.37	0.09	0.60	0.39	0.15	0.37	0.39	0.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-379	-392	-367	-370	-291	-356	-375	-382	-284	-290	-353
Debt-free Net Working Capital (DFNWC)	-274	-276	-309	-275	-246	-315	-323	-341	-219	-245	-272
Net Working Capital (NWC)	-298	-306	-339	-305	-276	-345	-353	-371	-249	-275	-302
Net Nonoperating Expense (NNE)	-6.11	7.07	1.75	5.71	4.13	2.17	8.44	0.96	-7.12	2.41	-6.60
Net Nonoperating Obligations (NNO)	186	189	247	210	315	319	348	285	314	390	169
Total Depreciation and Amortization (D&A)	0.82	0.79	0.78	0.79	0.79	0.79	0.79	0.87	0.84	0.84	1.03
Debt-free, Cash-free Net Working Capital to Revenue	-35.66%	-36.67%	-35.37%	-36.02%	-31.36%	-40.48%	-41.41%	-43.02%	-30.40%	-32.58%	-42.72%
Debt-free Net Working Capital to Revenue	-25.78%	-25.82%	-29.78%	-26.78%	-26.53%	-35.79%	-35.63%	-38.46%	-23.36%	-27.51%	-32.92%
Net Working Capital to Revenue	-28.04%	-28.63%	-32.67%	-29.70%	-29.77%	-39.20%	-38.94%	-41.84%	-26.57%	-30.88%	-36.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.59)	$0.05	($0.31)	$1.07	$1.58	$0.59	($0.79)	($0.41)	$2.19	$0.85	($0.73)
Adjusted Weighted Average Basic Shares Outstanding	24.10M	24.10M	24.05M	24.01M	24.03M	24.02M	23.97M	24.09M	23.97M	24.13M	24.30M
Adjusted Diluted Earnings per Share	($0.59)	$0.05	($0.31)	$1.07	$1.57	$0.59	($0.79)	($0.40)	$2.18	$0.84	($0.73)
Adjusted Weighted Average Diluted Shares Outstanding	24.10M	24.17M	24.05M	24.10M	24.10M	24.07M	23.97M	24.19M	24.06M	24.19M	24.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.02M	24.01M	23.99M	23.95M	23.95M	23.95M	23.93M	23.89M	23.89M	23.88M	24.33M
Normalized Net Operating Profit after Tax (NOPAT)	23	8.18	-5.79	31	42	16	-10	-8.54	45	36	-25
Normalized NOPAT Margin	5.34%	2.29%	-10.86%	13.73%	9.77%	5.01%	-24.11%	-6.73%	11.68%	10.20%	-104.32%
Pre Tax Income Margin	5.33%	0.51%	-27.37%	18.80%	16.72%	7.65%	-78.90%	-9.63%	24.76%	13.12%	-161.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.30	1.20	-1.55	7.57	11.32	4.29	-3.97	-1.00	14.43	8.54	-10.89
NOPAT to Interest Expense	-4.05	1.46	-0.96	4.94	6.07	2.21	-1.50	-1.32	6.38	3.99	-7.59
EBIT Less CapEx to Interest Expense	4.83	1.10	-1.61	7.51	11.31	4.21	-4.02	-1.02	14.38	8.47	-10.97
NOPAT Less CapEx to Interest Expense	-4.52	1.37	-1.02	4.88	6.06	2.13	-1.55	-1.34	6.33	3.92	-7.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.49%	1.15%	0.86%	1.19%	3.28%	2.35%	378.22%	374.60%	208.91%	316.81%	0.00%
Augmented Payout Ratio	13.49%	1.15%	0.86%	1.19%	3.28%	2.35%	378.22%	374.60%	208.91%	316.81%	0.00%

Frequently Asked Questions About Madison Square Garden Sports' Financials

When does Madison Square Garden Sports's fiscal year end?

According to the most recent income statement we have on file, Madison Square Garden Sports' financial year ends in June. Their financial year 2024 ended on June 30, 2024.

How has Madison Square Garden Sports' net income changed over the last 9 years?

Madison Square Garden Sports' net income appears to be on a downward trend, with a most recent value of $58.77 million in 2024, falling from -$40.68 million in 2015. The previous period was $45.63 million in 2023. Find out what analysts predict for Madison Square Garden Sports in the coming months.

What is Madison Square Garden Sports's operating income?

Madison Square Garden Sports's total operating income in 2024 was $146.04 million, based on the following breakdown:

Total Gross Profit: $1.03 billion
Total Operating Expenses: $881.11 million

How has Madison Square Garden Sports revenue changed over the last 9 years?

Over the last 9 years, Madison Square Garden Sports' total revenue changed from $1.07 billion in 2015 to $1.03 billion in 2024, a change of -4.1%.

How much debt does Madison Square Garden Sports have?

Madison Square Garden Sports' total liabilities were at $1.61 billion at the end of 2024, a 2.4% decrease from 2023, and a 74.2% increase since 2015.

How much cash does Madison Square Garden Sports have?

In the past 9 years, Madison Square Garden Sports' cash and equivalents has ranged from $4.32 million in 2019 to $1.44 billion in 2016, and is currently $89.14 million as of their latest financial filing in 2024.

How has Madison Square Garden Sports' book value per share changed over the last 9 years?

Over the last 9 years, Madison Square Garden Sports' book value per share changed from 49.07 in 2015 to -11.12 in 2024, a change of -122.7%.

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This page (NYSE:MSGS) was last updated on 5/21/2025 by MarketBeat.com Staff

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Madison Square Garden Sports (MSGS) Financials

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Madison Square Garden Sports (MSGS) Financials

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