MSGE - Madison Square Garden Entertainment Corp.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$92.33
DETAILS
HIGH:
$103.00
LOW:
$80.00
MEDIAN:
$93.00
CONSENSUS:
$92.33
UPSIDE:
21.57%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 1,060.8 | 942.7 | 959.3 | 851.5 | 653.5 | 81.8 | 584.6 | 1,048.9 | 989.0 | 711.0 |
| Cost of Revenue | 582.3 | 535.6 | 547.0 | 499.9 | 394.8 | 75.9 | 380.5 | 670.6 | 635.2 | 517.1 |
| Gross Profit | 478.5 | 407.1 | 412.2 | 351.6 | 258.7 | 6.0 | 204.1 | 378.3 | 353.8 | 193.9 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 253.1 | 215.0 | 232.2 | 180.2 | 188.8 | 157.2 | 137.9 | 314.5 | 273.0 | 194.3 |
| Other Expenses | 83.8 | 57.8 | 68.1 | 66.3 | 75.6 | 86.0 | (159.2) | (6.1) | (3.1) | (1.7) |
| Operating Expenses | 336.9 | 272.7 | 300.3 | 246.6 | 264.3 | 243.2 | (21.3) | 423.9 | 385.1 | 292.4 |
| Operating Income | ||||||||||
| Operating Income | 141.5 | 134.3 | 111.9 | 105.0 | (5.6) | (237.3) | 225.3 | (45.6) | (31.3) | (98.4) |
| Interest Expense | 40.0 | 50.5 | 58.0 | 51.9 | 53.1 | 33.7 | 0.4 | 15.3 | 12.2 | 1.9 |
| Interest Income | 6.2 | 2.3 | 3.0 | 7.2 | 7.2 | 6.4 | 8.8 | 30.2 | 21.3 | 11.8 |
| Profitability | ||||||||||
| EBITDA | 274.0 | 173.8 | 180.0 | 202.9 | 69.9 | (151.3) | 359.4 | 99.5 | 95.3 | (20.4) |
| EBIT | (57.0) | 116.1 | 126.1 | 129.6 | 0.4 | (222.9) | 271.3 | (9.8) | (26.0) | (128.3) |
| Income Before Tax | 107.0 | 65.6 | 52.3 | 77.8 | (136.3) | (214.0) | 270.8 | (29.7) | (28.9) | (120.4) |
| Income Tax Expense | 40.8 | 28.1 | (92.0) | 1.7 | (0.1) | 5.3 | 100.2 | 0.4 | (30.8) | (7.8) |
| Net Income | 66.2 | 37.4 | 144.3 | 76.6 | (133.3) | (218.6) | 171.7 | (17.9) | 6.9 | (108.5) |
| Per Share Data | ||||||||||
| EPS (Basic) | 1.39 | 0.78 | 2.99 | 1.48 | -2.61 | -9.07 | 7.15 | -0.75 | 0.29 | -4.57 |
| EPS (Diluted) | 1.38 | 0.77 | 2.97 | 1.47 | -2.61 | -9.07 | 7.14 | -0.75 | 0.29 | -4.57 |
| Shares Outstanding | 47.5 | 48.0 | 48.3 | 51.1 | 44.9 | 24.2 | 24.0 | 24.0 | 24.0 | 23.8 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 552.0 | 43.0 | 33.3 | 76.1 | 58.1 | 317.8 | 906.6 | 1,082.1 | 1,225.6 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 337.2 | 108.4 | 0 |
| Net Receivables | 161.1 | 96.9 | 102.6 | 144.6 | 204.9 | 170.3 | 57.2 | 82.8 | 82.4 |
| Inventory | 17.6 | 3.8 | 3.9 | 2.6 | 2.8 | 2.2 | 0 | 0 | 0 |
| Other Current Assets | 28.6 | 4.5 | 5.4 | 13.4 | 10.6 | 7.9 | 63.4 | 39.4 | 26.9 |
| Total Current Assets | 784.0 | 237.1 | 219.1 | 295.3 | 341.5 | 544.8 | 1,426.5 | 1,346.7 | 1,353.3 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 3,633.1 | 1,105.6 | 1,022.2 | 864.7 | 967.2 | 838.7 | 1,866.4 | 1,349.1 | 1,225.0 |
| Goodwill | 344.8 | 69.0 | 69.0 | 69.0 | 69.0 | 69.0 | 74.3 | 165.6 | 165.6 |
| Intangible Assets | 18.5 | 63.8 | 63.8 | 63.8 | 65.4 | 71.3 | 214.2 | 279.8 | 297.9 |
| Long-Term Investments | 37.3 | 7.1 | 6.3 | 35.1 | 36.4 | 46.0 | 52.6 | 84.6 | 210.0 |
| Other Non-Current Assets | (781.7) | 133.1 | 104.0 | 73.3 | 47.1 | 127.5 | 85.1 | 90.0 | 36.0 |
| Total Non-Current Assets | 3,251.9 | 1,432.7 | 1,333.6 | 1,105.9 | 1,185.2 | 1,152.5 | 2,292.7 | 1,969.0 | 1,934.4 |
| Total Assets | 4,036.0 | 1,669.8 | 1,552.7 | 1,401.2 | 1,526.7 | 1,697.3 | 3,719.2 | 3,315.8 | 3,287.8 |
| Current Liabilities | |||||||||
| Account Payables | 13.9 | 12.1 | 26.6 | 15.6 | 11.2 | 2.5 | 17.3 | 24.0 | 28.3 |
| Short-Term Debt | 58.3 | 30.5 | 16.2 | 16.2 | 8.8 | 6.5 | 5.4 | 6.0 | 4.4 |
| Deferred Revenue | 158.4 | 228.6 | 215.6 | 225.9 | 202.7 | 198.5 | 0 | 186.9 | 216.3 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 239.6 | 0 | 0 |
| Total Current Liabilities | 640.4 | 502.4 | 505.8 | 540.6 | 545.1 | 429.2 | 510.0 | 474.0 | 483.9 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 722.1 | 568.8 | 599.2 | 630.2 | 654.9 | 611.3 | 28.1 | 48.6 | 101.3 |
| Deferred Tax Liabilities | 135.2 | 0 | 0 | 23.5 | 23.3 | 23.3 | 0 | 23.0 | 23.3 |
| Other Non-Current Liabilities | 191.5 | 45.5 | 43.8 | 56.3 | 50.9 | 57.6 | 132.5 | 59.5 | 49.5 |
| Total Non-Current Liabilities | 1,167.7 | 1,180.7 | 1,070.0 | 930.0 | 983.2 | 769.4 | 334.8 | 188.2 | 237.6 |
| Total Liabilities | 1,808.1 | 1,683.1 | 1,575.9 | 1,470.6 | 1,528.3 | 1,198.6 | 844.8 | 662.3 | 721.5 |
| Stockholders' Equity | |||||||||
| Common Stock | 0.4 | 0.5 | 0.5 | 0.5 | 33.3 | 529.5 | 0.2 | 2,619.0 | 2,525.0 |
| Retained Earnings | (220.3) | 153.0 | 115.6 | (28.7) | 0 | 0 | 141.9 | (46.9) | (46.9) |
| Accumulated Other Comprehensive Income | (1.5) | (31.5) | (32.3) | (34.0) | (34.7) | (33.6) | (51.9) | (46.9) | (46.9) |
| Total Stockholders' Equity | 2,227.9 | (13.3) | (23.2) | (69.5) | (1.5) | 495.9 | 2,841.6 | 2,572.0 | 2,478.1 |
| Total Liabilities & Equity | 4,036.0 | 1,669.8 | 1,552.7 | 1,401.2 | 1,526.7 | 1,697.3 | 3,719.2 | 3,315.8 | 3,287.8 |
| Debt Metrics | |||||||||
| Total Debt | 913.3 | 1,200.8 | 1,070.2 | 902.9 | 956.8 | 735.9 | 261.2 | 54.6 | 105.7 |
| Net Debt | 361.3 | 1,157.8 | 1,037.0 | 826.8 | 898.7 | 418.1 | (645.4) | 0 | 0 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (33.9) | 37.4 | 144.3 | 76.0 | (136.2) | (219.3) | 170.7 | (30.1) | 1.9 | (112.6) |
| Depreciation & Amortization | 168.7 | 57.8 | 53.9 | 60.5 | 69.5 | 71.6 | 88.1 | 109.3 | 112.1 | 98.1 |
| Stock-Based Compensation | 31.6 | 27.7 | 31.2 | 31.8 | 39.4 | 40.7 | 26.1 | 35.4 | 27.3 | 22.2 |
| Change in Working Capital | (61.0) | (43.9) | (31.5) | (25.9) | 33.6 | 5.2 | (141.0) | (27.3) | 28.0 | 24.6 |
| Other Non-Cash Items | 33.8 | 21.4 | 5.6 | (7.5) | 88.8 | (46.9) | (129.8) | 4.8 | 6.4 | 71.9 |
| Operating Cash Flow | 102.6 | 115.3 | 111.3 | 135.7 | 95.4 | (148.1) | 31.5 | 91.7 | 144.4 | 96.3 |
| Investing Activities | ||||||||||
| Capital Expenditure | (19.4) | (22.2) | (24.2) | (15.2) | (15.8) | (10.3) | (29.6) | (184.0) | (187.4) | (41.8) |
| Acquisitions | 0 | 0 | 0 | 27.9 | 0 | 0 | 0 | 73.0 | (17.4) | (199.5) |
| Purchases of Investments | 0 | 0 | 28.5 | (27.9) | 0 | 0 | 0 | (112.7) | 0 | (23.2) |
| Sales/Maturities of Investments | 0 | 0.1 | 0 | 209.0 | 0 | 0 | 0 | 184.0 | 0 | 0 |
| Other Investing Activities | (0.3) | (1.5) | (66.7) | (163.6) | 61.2 | (0.0) | 306.0 | (188.4) | 35.1 | 4.5 |
| Investing Cash Flow | (19.6) | (23.7) | (62.4) | 30.3 | 45.4 | (10.3) | 276.4 | (228.1) | (169.6) | (260.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (49.5) | (16.3) | (33.7) | (19.8) | 16.3 | 627.2 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | (39.7) | (50.9) | (25) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (9.6) | (25.7) | (15.2) | (99.4) | (412.6) | (153.8) | (315.4) | (8.6) | 15.4 | (38.6) |
| Financing Cash Flow | (52.1) | (81.6) | (99.7) | (144.2) | (396.3) | 473.5 | (315.4) | (8.6) | 15.4 | (38.6) |
| Cash Position | ||||||||||
| Net Change in Cash | 30.8 | 10.0 | (50.8) | 21.8 | (255.5) | 315.0 | (7.5) | (140.3) | (9.6) | (202.4) |
| Cash at Beginning | 521.3 | 33.6 | 84.4 | 62.6 | 318.1 | 3.0 | 10.5 | 1,232.4 | 1,241.9 | 1,444.3 |
| Cash at End | 552.0 | 43.5 | 33.6 | 84.4 | 62.6 | 318.1 | 3.0 | 1,092.1 | 1,232.4 | 1,241.9 |
| Free Cash Flow | 83.2 | 93.1 | 87.1 | 120.5 | 79.6 | (158.4) | 1.9 | (92.3) | (43.0) | 54.5 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,060.8 | 942.7 | 959.3 | 851.5 | 653.5 | 81.8 | 584.6 | 1,048.9 | 989.0 | 711.0 |
| Gross Profit | 478.5 | 407.1 | 412.2 | 351.6 | 258.7 | 6.0 | 204.1 | 378.3 | 353.8 | 193.9 |
| Operating Income | 141.5 | 134.3 | 111.9 | 105.0 | (5.6) | (237.3) | 225.3 | (45.6) | (31.3) | (98.4) |
| Net Income | 66.2 | 37.4 | 144.3 | 76.6 | (133.3) | (218.6) | 171.7 | (17.9) | 6.9 | (108.5) |
| EPS (Diluted) | 1.38 | 0.77 | 2.97 | 1.47 | -2.61 | -9.07 | 7.14 | -0.75 | 0.29 | -4.57 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 552.0 | 43.0 | 33.3 | 76.1 | 58.1 | 317.8 | 906.6 | 1,082.1 | 1,225.6 | |
| Total Assets | 4,036.0 | 1,669.8 | 1,552.7 | 1,401.2 | 1,526.7 | 1,697.3 | 3,719.2 | 3,315.8 | 3,287.8 | |
| Total Debt | 913.3 | 1,200.8 | 1,070.2 | 902.9 | 956.8 | 735.9 | 261.2 | 54.6 | 105.7 | |
| Stockholders' Equity | 2,227.9 | (13.3) | (23.2) | (69.5) | (1.5) | 495.9 | 2,841.6 | 2,572.0 | 2,478.1 | |
| Cash Flow | ||||||||||
| Operating Cash Flow | 102.6 | 115.3 | 111.3 | 135.7 | 95.4 | (148.1) | 31.5 | 91.7 | 144.4 | 96.3 |
| Capital Expenditure | (19.4) | (22.2) | (24.2) | (15.2) | (15.8) | (10.3) | (29.6) | (184.0) | (187.4) | (41.8) |
| Free Cash Flow | 83.2 | 93.1 | 87.1 | 120.5 | 79.6 | (158.4) | 1.9 | (92.3) | (43.0) | 54.5 |