Madison Square Garden Sports Co
MSGS
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Madison Square Garden Sports Co. operates in a unique niche within the entertainment industry, leveraging its iconic venues and sports franchises to create a loyal customer base.
- In the most recent quarter, MSGS reported a revenue of $279 million, a significant increase in gross margin to 42.8%, and an operating margin expansion to 11.8%.
- The company has a market capitalization of approximately $9.68 billion and a recommendation score of 'buy' with a target mean price of $480.67.
- The entertainment industry is highly competitive, and MSGS faces challenges from other venues and sports franchises that may impact its market share.
- The company reported a net income of -$19.98 million in Q1 2026, indicating ongoing profitability issues despite revenue growth.
- MSGS has a trailing P/E ratio of 1256.47, suggesting that the stock may be overvalued relative to its earnings.
Fundamentals
| Market cap | $9.80B | Enterprise value | $10.80B | Trailing P/E | 1,272.41 | Forward P/E | -894.60 |
| PEG | — | Price / book | -37.23 | Beta | 0.59 | Dividend yield | 0.00% |
| Revenue growth | 36.7% | Earnings growth | — | Gross margin | 33.6% | Operating margin | 11.8% |
| Profit margin | 0.7% | ROE | — | ROA | 1.3% | Debt / equity | — |
| Current ratio | 0.50 | Free cash flow | $58.22M | Analyst recommendation | buy | Mean target | $480.67 |
| 52w high | $438.93 | 52w low | $207.90 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $279M | $432M | $403M | $39.5M | $204M | — |
| Op margin | 11.8% | 0.7% | 5.5% | -69.5% | -11.1% | — |
| Net income | $28.3M | -$20.0M | $8.2M | -$8.8M | -$1.8M | — |
| Gross margin | 42.8% | 18.0% | 22.8% | 79.0% | 24.1% | — |
| Gross profit | $119M | $77.7M | $92.0M | $31.2M | $49.1M | — |
| Operating income | $33.0M | $3.2M | $22.2M | -$27.4M | -$22.6M | — |
- Revenue -36% vs prior quarter ($279M vs $432M).
- Gross margin 42.8% (was 18% prior quarter).
- Operating margin expanded to 11.8%.
Yearly (6y)
| 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.0B | $1.0B | $887M | — |
| Op margin | 2.7% | 1.4% | 14.2% | 9.6% | — |
| Net income | $7.8M | -$22.4M | $58.8M | $47.8M | — |
| Gross margin | 27.7% | 27.3% | 40.0% | 38.2% | — |
| Gross profit | $320M | $284M | $411M | $339M | — |
| Operating income | $30.9M | $14.8M | $146M | $85.2M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-06 · More Breakups Are Coming, and One Company Is Doing It Twice
2026-10-01 · MSG Sports spinning off Rangers from Knicks into two companies
2026-09-30 · MSG Sports Board Approves Spin-Off of Rangers From Knicks
2026-09-30 · Madison Square Garden Sports (MSGS) Could Be 14% Undervalued Following Its Late October Split Plan
2026-09-30 · MSG Sports board clears spin-off of Rangers from Knicks business
2026-09-30 · Madison Square Garden Sports Board Approves Spin-Off of Rangers
2026-09-30 · MSG Sports Board Approves Spin-Off of Rangers Business From Knicks Business
2026-09-30 · Madison Square Garden Sports (MSGS): Why the Knicks and Rangers Could Drive Long-Term Value
2026-09-30 · Madison Square Garden Names Glaze Teriyaki a Partner of the World's Most Famous Arena
2026-09-29 · Skip the Next Madison Square Garden Sports Split – Its Fourth in 11 Years – and Buy This 1 Stock Instead
2026-09-25 · Royal Caribbean (RCL) Moves 3.8% Higher: Will This Strength Last?
2026-09-22 · Best Practices in Sports Investing: 2nd LA CorpGov Forum
Price (daily)
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