MSGS - Madison Square Garden Sports Corp.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$390.20
DETAILS
HIGH:
$430.00
LOW:
$295.00
MEDIAN:
$404.00
CONSENSUS:
$390.20
UPSIDE:
10.27%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 1,039.2 | 1,027.1 | 887.4 | 821.4 | 415.7 | 603.3 | 729.4 | 1,559.1 | 1,318.5 | 1,115.3 | 1,071.6 | 913.6 | 722.9 | 728.9 |
| Cost of Revenue | 758.3 | 619.7 | 552.4 | 505.6 | 287.5 | 377.5 | 460.2 | 1,066.8 | 968.8 | 840.3 | 833.6 | 806.5 | 605.8 | 530.3 |
| Gross Profit | 280.9 | 407.5 | 335.1 | 315.7 | 128.3 | 225.8 | 269.2 | 492.3 | 349.7 | 275.0 | 237.9 | 107.1 | 117.1 | 198.6 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 266.1 | 261.4 | 249.9 | 229.7 | 206.6 | 318.1 | 327.4 | 469.3 | 402.9 | 326.7 | 238.3 | 221.1 | 176.1 | 171.8 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.1 |
| Operating Expenses | 266.1 | 261.4 | 249.9 | 229.7 | 206.6 | 318.1 | 327.4 | 469.3 | 402.9 | 326.7 | 238.3 | 221.1 | 176.1 | 234.7 |
| Operating Income | ||||||||||||||
| Operating Income | 14.8 | 146.0 | 85.2 | 86.1 | (78.3) | (92.3) | (58.2) | 23.1 | (53.2) | (51.7) | (0.4) | (114.0) | (59.0) | (36.1) |
| Interest Expense | 21.7 | 27.6 | 22.9 | 11.7 | 10.6 | 4.5 | 5.0 | 3.5 | 4.2 | 2.0 | 2.5 | 1.5 | 2.2 | 1.3 |
| Interest Income | 4.0 | 2.8 | 2.4 | 0.3 | 0.0 | 0.7 | 1.2 | 0.9 | 11.8 | 6.8 | 3.1 | 1.5 | 0.6 | 0.4 |
| Profitability | ||||||||||||||
| EBITDA | 7.6 | 136.4 | 116.4 | 90.7 | (73.2) | (76.0) | (35.6) | 155.5 | 30.4 | 25.5 | 68.5 | (23.5) | 15.4 | 34.3 |
| EBIT | 4.4 | 133.3 | 112.8 | 85.7 | (78.8) | (93.6) | (55.7) | 33.0 | (77.0) | (77.0) | (40.2) | (115.2) | (57.1) | (28.7) |
| Income Before Tax | (17.3) | 105.7 | 89.9 | 73.9 | (89.3) | (98.0) | (60.6) | 17.6 | (81.2) | (77.0) | (40.2) | (115.2) | (57.1) | (29.9) |
| Income Tax Expense | 5.2 | 46.9 | 44.3 | 25.1 | (73.4) | 20.6 | (12.6) | (116.9) | (4.4) | 0.3 | 0.4 | 1.7 | 1.1 | 6.3 |
| Net Income | (22.4) | 58.8 | 47.8 | 51.1 | (14.0) | (182.4) | 11.4 | 141.6 | (72.7) | (77.3) | (40.7) | (116.9) | (58.3) | (36.3) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -0.93 | 2.45 | 1.90 | 2.11 | -0.58 | -4.96 | -0.13 | 5.99 | -3.05 | -3.12 | -1.63 | -4.69 | -2.27 | -1.41 |
| EPS (Diluted) | -0.93 | 2.44 | 1.89 | 2.10 | -0.58 | -4.96 | -0.13 | 5.94 | -3.05 | -3.12 | -1.63 | -4.69 | -2.27 | -1.41 |
| Shares Outstanding | 24.1 | 24.0 | 24.1 | 24.2 | 24.1 | 23.9 | 23.8 | 23.6 | 23.8 | 24.8 | 24.9 | 24.9 | 25.7 | 25.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 153.2 | 94.9 | 40.5 | 91.0 | 72.0 | 90.7 | 25.8 | 1,256.6 | 1,272.1 | 1,471.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 43.5 | 80.1 | 75.6 | 75.6 | 90.2 | 11.7 | 16.0 | 105.7 | 104.8 | 80.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 9.8 | 9.8 | 7.3 | 19.9 | 4.5 | 4.6 | 1,349.4 | 23.9 | 48.7 | 25.3 |
| Total Current Assets | 249.9 | 215.8 | 148.1 | 205.3 | 183.5 | 127.6 | 1,412.7 | 1,414.9 | 1,448.9 | 1,603.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 789.4 | 723.1 | 745.8 | 719.7 | 739.2 | 757.6 | 31.3 | 1,253.7 | 1,159.3 | 1,160.6 |
| Goodwill | 226.5 | 226.5 | 226.5 | 227.0 | 227.0 | 227.0 | 227.0 | 392.5 | 380.1 | 277.2 |
| Intangible Assets | 103.6 | 103.6 | 103.6 | 112.8 | 113.8 | 114.9 | 118.5 | 419.8 | 423.8 | 182.6 |
| Long-Term Investments | 54.7 | 62.5 | 53.0 | 2.7 | 0 | 0 | 0 | 210.0 | 242.3 | 265.3 |
| Other Non-Current Assets | 13.9 | 14.7 | 38.0 | 35.7 | 30.5 | 6.7 | 1,974.4 | 45.4 | 58.4 | 54.5 |
| Total Non-Current Assets | 1,330.8 | 1,226.1 | 1,255.8 | 1,196.3 | 1,237.3 | 1,161.8 | 2,422.3 | 2,414.9 | 2,301.6 | 2,009.2 |
| Total Assets | 1,580.8 | 1,441.8 | 1,403.9 | 1,400.4 | 1,420.8 | 1,289.4 | 3,835.0 | 3,829.8 | 3,750.5 | 3,613.1 |
| Current Liabilities | ||||||||||
| Account Payables | 14.1 | 16.6 | 14.9 | 11.3 | 19.3 | 20.3 | 1.2 | 42.6 | 41.7 | 29.2 |
| Short-Term Debt | 24 | 30 | 30 | 30 | 72.0 | 39.1 | 0 | 4.4 | 0 | 0 |
| Deferred Revenue | 164.2 | 148.7 | 157.1 | 132.4 | 131.0 | 126.3 | 110.3 | 324.7 | 390.2 | 332.4 |
| Other Current Liabilities | 98.9 | 133.9 | 144.3 | 119.3 | 55.7 | 33.1 | 571.0 | 269.8 | 191.3 | 133.8 |
| Total Current Liabilities | 563.5 | 522.0 | 520.5 | 438.3 | 368.3 | 290.3 | 760.0 | 765.5 | 762.0 | 614.8 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 267 | 275 | 295 | 220 | 355 | 350 | 0 | 101.3 | 105.4 | 0 |
| Deferred Tax Liabilities | 107.8 | 112.5 | 112.9 | 107.4 | 110.9 | 113.3 | 107.6 | 172.6 | 234.2 | 263.7 |
| Other Non-Current Liabilities | 82.2 | 47.6 | 53.6 | 49.4 | 65.8 | 60.2 | 260.9 | 159.6 | 148.4 | 148.1 |
| Total Non-Current Liabilities | 1,298.7 | 1,186.2 | 1,220.6 | 1,107.5 | 1,254.4 | 1,202.6 | 368.6 | 433.6 | 488.0 | 411.8 |
| Total Liabilities | 1,862.2 | 1,708.2 | 1,741.2 | 1,545.8 | 1,622.7 | 1,492.8 | 1,128.6 | 1,199.1 | 1,250.0 | 1,026.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Retained Earnings | (137.6) | (115.1) | (173.9) | (35.7) | (78.9) | (43.6) | 29.0 | (11.1) | (148.4) | (75.7) |
| Accumulated Other Comprehensive Income | (0.9) | (1.0) | (1.0) | (1.2) | (2.0) | (2.1) | (46.9) | (46.9) | (34.1) | (42.6) |
| Total Stockholders' Equity | (281.4) | (266.3) | (337.2) | (147.1) | (204.3) | (207.0) | 2,620.5 | 2,536.5 | 2,408.2 | 2,586.4 |
| Total Liabilities & Equity | 1,580.8 | 1,441.8 | 1,403.9 | 1,400.4 | 1,420.8 | 1,289.4 | 3,835.0 | 3,829.8 | 3,750.5 | 3,613.1 |
| Debt Metrics | ||||||||||
| Total Debt | 1,184.7 | 1,105.2 | 1,121.2 | 993.3 | 1,118.1 | 1,068.2 | 0 | 105.7 | 105.4 | 0 |
| Net Debt | 1,031.5 | 1,010.3 | 1,080.7 | 902.3 | 1,046.1 | 977.5 | (25.8) | (1,150.9) | (1,166.7) | (1,471.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (22.4) | 58.8 | 47.8 | 51.1 | (14.0) | (78.3) | 11.4 | 141.6 | (72.7) | (77.3) |
| Depreciation & Amortization | 3.2 | 3.2 | 3.6 | 5.0 | 5.6 | 17.5 | 20.1 | 122.5 | 107.4 | 102.5 |
| Stock-Based Compensation | 17.9 | 21.3 | 25.2 | 24.2 | 30.4 | 57.0 | 59.5 | 47.6 | 41.1 | 24.5 |
| Change in Working Capital | 127.6 | (1.8) | 86.3 | 73.6 | 17.3 | (51.8) | (20.0) | 18.1 | 74.7 | 10.8 |
| Other Non-Cash Items | 17.1 | 17.9 | (25.4) | (0.4) | (1.0) | 67.2 | 90.1 | 5.2 | 77.4 | 65.0 |
| Operating Cash Flow | 91.6 | 92.1 | 152.5 | 178.1 | (35.3) | 3.6 | 161.3 | 220.6 | 216.6 | 125.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (3.6) | (1.5) | (1.2) | (0.9) | (0.5) | (362.5) | (188.8) | (191.9) | (44.2) | (71.7) |
| Acquisitions | 0 | 0 | (3.0) | 0 | 0 | 17.9 | 73.0 | (4.3) | (200.3) | 0 |
| Purchases of Investments | (3.4) | (7.4) | (13.6) | 0 | 0 | (406.0) | (165.4) | 0 | (23.2) | (36.4) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 194.7 | 125.8 | 0 | 0 | 0 |
| Other Investing Activities | 0.1 | 0 | 0 | (2) | 0 | 42.0 | (77.5) | 19.8 | 3.5 | (5.6) |
| Investing Cash Flow | (6.9) | (8.9) | (17.8) | (2.9) | (0.5) | (514.9) | (232.9) | (182.4) | (264.3) | (115.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (14) | (20) | 75 | (135) | 30.4 | 330 | (55.8) | (0.7) | 0 | 0 |
| Stock Repurchased | (11.8) | (8.1) | (75.1) | (18.3) | 0 | (26.8) | (19.5) | (11.8) | (148.0) | (105.7) |
| Dividends Paid | (0.6) | (0.7) | (170.9) | 0 | 0 | (827.1) | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | (14.3) | (2.8) | (14.1) | 3.3 | 3.6 | (38.6) | (10.6) | 1,525.7 |
| Financing Cash Flow | (26.4) | (28.8) | (185.3) | (156.1) | 17.2 | (520.6) | (71.7) | (51.1) | (158.5) | 1,420.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 58.3 | 54.4 | (50.6) | 19.0 | (18.6) | (1,027.2) | (138.7) | (12.5) | (206.2) | 1,430.1 |
| Cash at Beginning | 94.9 | 40.5 | 91.0 | 72.0 | 90.7 | 1,117.9 | 1,256.6 | 1,238.1 | 1,444.3 | 14.2 |
| Cash at End | 153.2 | 94.9 | 40.5 | 91.0 | 72.0 | 90.7 | 1,117.9 | 1,225.6 | 1,238.1 | 1,444.3 |
| Free Cash Flow | 88.0 | 90.7 | 151.3 | 177.1 | (35.8) | (358.9) | (27.6) | 28.7 | 172.4 | 54.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 1,039.2 | 1,027.1 | 887.4 | 821.4 | 415.7 | 603.3 | 729.4 | 1,559.1 | 1,318.5 | 1,115.3 | 1,071.6 | 913.6 | 722.9 | 728.9 |
| Gross Profit | 280.9 | 407.5 | 335.1 | 315.7 | 128.3 | 225.8 | 269.2 | 492.3 | 349.7 | 275.0 | 237.9 | 107.1 | 117.1 | 198.6 |
| Operating Income | 14.8 | 146.0 | 85.2 | 86.1 | (78.3) | (92.3) | (58.2) | 23.1 | (53.2) | (51.7) | (0.4) | (114.0) | (59.0) | (36.1) |
| Net Income | (22.4) | 58.8 | 47.8 | 51.1 | (14.0) | (182.4) | 11.4 | 141.6 | (72.7) | (77.3) | (40.7) | (116.9) | (58.3) | (36.3) |
| EPS (Diluted) | -0.93 | 2.44 | 1.89 | 2.10 | -0.58 | -4.96 | -0.13 | 5.94 | -3.05 | -3.12 | -1.63 | -4.69 | -2.27 | -1.41 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 153.2 | 94.9 | 40.5 | 91.0 | 72.0 | 90.7 | 25.8 | 1,256.6 | 1,272.1 | 1,471.4 | ||||
| Total Assets | 1,580.8 | 1,441.8 | 1,403.9 | 1,400.4 | 1,420.8 | 1,289.4 | 3,835.0 | 3,829.8 | 3,750.5 | 3,613.1 | ||||
| Total Debt | 1,184.7 | 1,105.2 | 1,121.2 | 993.3 | 1,118.1 | 1,068.2 | 0 | 105.7 | 105.4 | 0 | ||||
| Stockholders' Equity | (281.4) | (266.3) | (337.2) | (147.1) | (204.3) | (207.0) | 2,620.5 | 2,536.5 | 2,408.2 | 2,586.4 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 91.6 | 92.1 | 152.5 | 178.1 | (35.3) | 3.6 | 161.3 | 220.6 | 216.6 | 125.8 | ||||
| Capital Expenditure | (3.6) | (1.5) | (1.2) | (0.9) | (0.5) | (362.5) | (188.8) | (191.9) | (44.2) | (71.7) | ||||
| Free Cash Flow | 88.0 | 90.7 | 151.3 | 177.1 | (35.8) | (358.9) | (27.6) | 28.7 | 172.4 | 54.1 | ||||