The Tip Desk

Madison Square Garden Entertainment Corp.

Company Stats

Market Cap
$3.8B
as of Sep 30, 2026
Enterprise Value
$4.0B
Shares Outstanding
47.3M
Free Float
77.6%

Income Statement

Revenue
$1.1B
Operating Income
$141.5M
Net Income
$66.2M
EBITDA
$197.6M
Non-cash Impairment
$13.8M
Revenue Growth, 3Y
7.6%
FCF Margin, 3Y Avg
16.9%
FCF Margin, Worst Year
8.0%

Cash Flow

Free Cash Flow
$351.3M
FCF Yield
9.3%
Owner FCF Yield
8.4%

Balance Sheet

Cash & Equivalents
$293.6M
Total Debt
$548.4M
Net Debt
$254.8M
Net Debt / EBITDA
1.29x
EV / EBITDA
20.47x
Net Debt / EBIT
1.80x

Returns & Capital

Share Repurchases
$25.0M
Buyback Yield, 3Y Avg
1.0%
SBC, 3Y Avg
$30.4M

Cash Flow by Year

YearRevenueFCFMargin
FY2026$1.1B$351.3M33.1%
FY2025$942.7M$91.6M9.7%
FY2024$959.3M$76.5M8.0%
FY2023$851.5M$134.9M15.8%
FY2022$653.5M$93.8M14.3%

Annual filing data through FY ended June 30, 2026; shares and float as of October 15, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage