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Madison Square Garden Sports Corp(MSGS)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
5-STAR RATING
REGULAR BUY
BUY for 123 days
PROFIT SINCE LAST BUY
+26.41% ▲
LAST CLOSE
$402.84
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for MSGS

09/25/2026: MSGS (5-star) is a REGULAR-BUY. BUY for 123 days. Simulated Profits (26.41%). Updated daily EoD!

Madison Square Garden Sports Corp is a professional sports company that owns the New York Knicks (NBA) and New York Rangers (NHL). Its main strength is the ownership of these high-profile, iconic franchises, which historically generate consistent, premium revenue through media rights, sponsorships, and high-attendance live events. The company's primary growth story involves increasing monetization through digital engagement and new media partnerships. However, investors must consider risks like high player salary costs and the company's reliance on the performance and popularity of just two teams. This stock may suit investors seeking long-term exposure to unique, high-barrier-to-entry sports assets, provided they can tolerate the volatility associated with seasonal team performance.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is tied more to asset valuation appreciation than to rapid business model scaling.
Momentum investorStrong fit while signal remains positivePositive team performance and playoff runs can drive short-term price momentum.
Value investorMixed fitValuing sports franchises is subjective and often trades at a premium to standard earnings-based metrics.
Dividend investorWeak fitThe company is not primarily structured as a consistent high-yield dividend play.
Low-risk investorMixed fitWhile the assets are iconic, professional sports carry inherent performance and labor-related risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock can be sensitive to team performance and news cycles.
Valuation riskMediumFranchise valuations can be difficult to benchmark against traditional public equities.
Competition risk (Sports Entertainment)MediumCompetition for viewer attention and discretionary spending is high.
Business qualityStrongOwnership of premier assets creates a strong, defensible market position.
Dividend incomeLowCapital is typically retained for operational growth rather than dividends.
Execution riskMediumSuccess depends heavily on team management and on-field results.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 77.19%
Avg. Invested days 61
Today’s Advisory Regular Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 4.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MSGS receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
MSGS has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2026 versus FY2025, strong earnings growth (+134.6%) and solid cash generation (FCF margin 5.0%) are partially offset by soft profitability (net margin 0.7%), modest insider ownership of 3.73%.

Financial Health Rating

★★★★★
MSGS's financial health is supported by solid cash strength, including free-cash-flow generation (5.0% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is MSGS's strongest growth driver at +134.6% FY2026 versus FY2025 (strong, 5 stars). By comparison, revenue growth (+11.0%, solid) is also solid, while free-cash-flow growth (-34.3%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 102.0% and approximately 87.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 3.73% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 8.36%
SILVER LAKE GROUP, L.L.C. 7.89%
Vanguard Portfolio Management, LLC 3.88%
Vanguard Capital Management, LLC 3.29%
T. Rowe Price Investment Management,Inc. 3.28%

Unit Economics (Per $1K Revenue)

★★★★★
MSGS generates approximately $277 of gross profit, $25 of operating income, and $50 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 56.85%

Quantitative Style Profile

★★★★★
MSGS has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 9.70B USD
Price to earnings Ratio 1258.88
1Y Target Price 480.67
Price to earnings Ratio 1258.88
1Y Target Price 480.67
Volume (30-day avg) 267.4K shares
Beta 0.57
52 Weeks Range 207.90 - 438.93
Updated Date 09/26/2026
52 Weeks Range 207.90 - 438.93
Updated Date 09/26/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.32

How Company Makes Money

Business areaWhat it includesRetail investor read
Media RightsBroadcasting contracts for Knicks and Rangers games.This is a recurring and highly predictable revenue stream for the company.
Ticket SalesRevenue from home games at Madison Square Garden.Success depends on team performance and fan attendance at the arena.
SponsorshipsAdvertising and partnerships tied to the franchises.These are high-margin deals that leverage the strong brand equity of the teams.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 1258.88
Forward PE 72.46
Enterprise Value 10.50B
Price to Sales(TTM) 8.41
Enterprise Value 10.50B
Price to Sales(TTM) 8.41
Enterprise Value to Revenue 9.1
Enterprise Value to EBITDA 248.6
Shares Outstanding 19.55M
Shares Floating 17.11M
Shares Outstanding 19.55M
Shares Floating 17.11M
Percent Insiders 3.73
Percent Institutions 102.03

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Madison Square Garden Sports Corp

Exchange NYSE
Headquarters New York, NY, United States
IPO Launch date 2015-10-01
Executive Chairman & CEO Mr. James Lawrence Dolan
Sector Communication Services
Industry Entertainment
Full time employees 522
Full time employees 522

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. It owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. The company's other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. It also operates the Madison Square Garden Training Center, a professional sports team performance center in Greenburgh. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.