Madison Square Garden Entertainment MSGE
NYSE · Services-Miscellaneous Amusement & Recreation · $3.8B$75.40−4.23%Nov 5 close · Databento
MSGE Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $75.401D −4.23%3M −3.42%SMA20 $79.06SMA50 $79.09RSI(14) 38.0
75.40
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 38.0
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
The numbers
fiscal 2026, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$3.8B
Enterprise value$4.1B
Revenue$1.1B +12.5%
ROIC27.2%
EPS, diluted$1.38 +79.2%
Modern Valuation (EOD)
Market Cap$3.8B
Enterprise Value$4.1B
EV / True FCF—
EV / FCF—
EV / Gross Profit—
EV / EBIT28.84
EV / Sales3.85
P / E (GAAP)57.49
P / FCF—
P / Oper. CF10.83
P / Book83.11
Owner & Cash Yields
True FCF Yield—
FCF Yield—
Owner Earn. Yield—
Earnings Yield1.7%
Shareholder Yield−0.2%
Buyback Yield0.7%
Dividend Yield—
Dividend / sh—
Payout Ratio—
FCF / sh—
EPS (diluted)$1.38
Compounder & Returns
Rule of 40—
ROIC27.2%
Cash ROIC (CROIC)—
GP / Assets—
ROE144.6%
ROA3.4%
Gross Margin—
Oper. Margin13.3%
Net Margin6.2%
FCF Margin—
True FCF Margin—
Quality & Dilution
Cash Conversion—
Accrual Ratio−14.7%
SBC % of FCF—
SBC % of Rev3.1%
Reinvest. Rate—
Sales Growth Y/Y+12.5%
Sales 3Y CAGR+7.6%
EPS Growth Y/Y+79.2%
FCF Growth Y/Y—
FCF 3Y CAGR—
Share Change Y/Y−0.7%
Balance Sheet & Scale
Revenue (FY)$1.1B
Gross Profit (FY)—
Oper. Income (FY)$141.5M
GAAP Net Income$66.2M
True FCF (ex-SBC)—
Cash & Equiv$294.2M
Total Debt$570.8M
Net Cash (Debt)$-276.6M
Net Cash % MCap−7.3%
Debt / FCF (yrs)—
Current Ratio0.70
Price & Technicals (EOD)
Perf Week−7.01%
Perf Month−8.05%
Perf Quarter−1.50%
Perf Half Y+12.98%
Perf YTD+19.89%
SMA 20 Dist−4.63%$79.06
SMA 50 Dist−4.67%$79.09
SMA 100 Dist−3.96%$78.51
Window High−14.73%$88.42
Window Low+22.76%$61.42
RSI (14) · Vol38.030%v
Income Distribution & Cash Flow ConversionHow every dollar of MSGE revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2026)
Cost of Revenue (COGS)$0 ($0.0 / $100)
SG&A & Other OpEx$919.2M ($86.7 / $100)
Tax & Non-Operating$75.3M ($7.1 / $100)
Net Profit Kept$66.2M ($6.2 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2026)
GAAP Net Income$66.2M (6.2% margin)
Operating Cash Flow (OCF)$351.4M(33.1% of rev)
Less: Capital Expenditures—
Standard Free Cash Flow (FCF)—
Less: Stock-Based Comp (SBC)−$32.4M
True FCF (Owner Cash ex-SBC)—
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY Δ | 4Y CAGR | Trend |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | $653.5M | $851.5M | $959.3M | $942.7M | $1.1B | +12.5% | +12.9% | |
| Selling, General & Admin (SG&A) | $167.1M | $180.2M | $207.0M | $215.0M | $253.1M | +17.7% | +10.9% | |
| Operating Income (EBIT) | $-5.6M | $105.0M | $111.9M | $122.1M | $141.5M | +15.9% | — | |
| Interest Expense | $53.1M | $51.9M | $58.0M | $50.5M | $40.0M | −20.9% | −6.9% | |
| Income Tax Expense | $-70,000 | $1.7M | $-92.0M | $28.1M | $40.8M | +45.0% | — | |
| GAAP Net Income | $-133.3M | $76.0M | $144.3M | $37.4M | $66.2M | +76.8% | — | |
| Diluted EPS | $-2.58 | $1.47 | $2.97 | $0.77 | $1.38 | +79.2% | — | |
| Diluted Shares | 51.8M | 52.3M | 48.6M | 48.3M | 48.0M | −0.7% | −1.9% | |
| Balance Sheet | ||||||||
| Cash & Equivalents | $62.6M | $84.4M | $33.6M | $43.5M | $294.2M | +575.6% | +47.2% | |
| Inventory | $2.8M | $2.6M | $3.9M | $3.8M | $3.7M | −0.1% | +8.0% | |
| Total Current Assets | $341.5M | $295.3M | $219.1M | $237.1M | $522.1M | +120.2% | +11.2% | |
| Total Assets | $1.5B | $1.4B | $1.6B | $1.7B | $1.9B | +15.9% | +6.1% | |
| Total Current Liabilities | $545.1M | $540.6M | $505.8M | $502.4M | $748.3M | +48.9% | +8.2% | |
| Total Debt (Short + Long Term) | $663.7M | $646.4M | $615.5M | $599.2M | $570.8M | −4.7% | −3.7% | |
| Total Liabilities | $1.5B | $1.5B | $1.6B | $1.7B | $1.9B | +12.3% | +5.4% | |
| Stockholders' Equity | $-1.6M | $-69.5M | $-23.2M | $-13.3M | $45.8M | +444.2% | — | |
| Net Cash / (Net Debt) | $-601.1M | $-562.1M | $-581.9M | $-555.7M | $-276.6M | +50.2% | — | |
| Invested Capital | $599.5M | $492.6M | $558.8M | $542.4M | $322.4M | −40.6% | −14.4% | |
| Cash Flow & Capital Allocation | ||||||||
| Operating Cash Flow (OCF) | $95.4M | $135.7M | $111.3M | $115.3M | $351.4M | +204.8% | +38.6% | |
| Depreciation & Amortization (D&A) | $69.5M | $60.5M | $53.9M | $57.8M | $56.1M | −2.9% | −5.2% | |
| Stock-Based Compensation (SBC) | $39.4M | $31.8M | $31.2M | $27.7M | $32.4M | +17.1% | −4.7% | |
| Share Repurchases (Buybacks) | $0 | $25.0M | $50.9M | $39.7M | $25.0M | −37.0% | — | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
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