Madison Square Garden Entertainment Ratios (2022-2025) | MSGE

Ratios Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025 Dec2025
Profitability
Gross Margin 43.32%29.85%30.58%49.25%42.79%30.69%28.50%49.65%37.80%34.23%29.56%51.63%42.73%33.83%35.32%53.76%
EBT Margin -2.14%-41.36%-13.89%28.07%10.83%-15.93%-36.09%31.37%1.23%-13.69%-23.73%30.77%6.31%-27.36%-25.54%33.38%
EBIT Margin 8.16%-3.11%-7.72%31.88%12.26%-14.73%-23.50%34.13%7.36%-4.76%-13.32%34.12%11.27%-16.71%-18.79%35.62%
EBITDA Margin 8.16%-3.11%-7.72%31.88%12.26%-14.73%-23.50%34.13%7.36%-4.76%-13.32%34.12%11.27%-16.71%-18.79%35.62%
Operating Margin 8.16%-3.11%-7.72%31.88%12.26%-14.73%-23.50%34.13%7.36%-4.76%-13.32%34.12%11.27%-16.71%-18.79%35.62%
Net Margin -2.14%-41.32%-12.48%27.28%10.79%-16.55%-35.63%31.10%1.22%35.97%-13.93%18.63%3.31%-17.63%-13.68%20.16%
FCF Margin 16.79%-42.46%34.37%29.83%0.24%-1.38%23.43%-4.69%-2.78%-30.81%26.04%23.44%-18.54%8.75%33.93%
Efficiency
Assets Average 1,473.44M1,374.85M1,384.41M1,439.42M1,505.64M1,581.52M1,599.38M1,663.92M1,704.63M1,674.83M1,751.61M
Equity Average -12.98M-152.34M-168.62M-98.31M-58.86M-35.93M-19.18M9.93M-1.89M-39.55M-14.89M
Invested Capital 653.32M59.75M560.71M464.23M503.64M507.90M576.08M598.28M595.03M586.93M555.48M515.88M590.58M
Asset Utilization Ratio 0.580.620.650.640.640.600.600.590.550.570.58
Leverage & Solvency
Interest Coverage Ratio 1.22-0.42-0.998.591.84-1.58-2.349.131.16-0.62-1.3210.732.32-2.20-2.7015.72
Debt to Equity -412.5515.16-9.30-3.06-6.09-6.54-26.57-13.7058.9763.60-45.06-9.3016.25
Debt Ratio 0.430.430.460.530.440.420.400.410.380.350.360.360.32
Equity Ratio 0.000.03-0.05-0.17-0.07-0.06-0.01-0.030.010.01-0.01-0.040.02
Times Interest Earned 1.22-0.42-0.998.591.84-1.58-2.349.131.16-0.62-1.3210.732.32-2.20-2.7015.72
Valuation
Enterprise Value -215.31M-62.69M-106.31M-153.75M-122.98M-84.36M-39.52M-37.57M-28.31M-33.55M-37.61M-55.22M-89.47M-43.54M-30.47M-157.58M
Return Ratios
Return on Sales -0.02%-0.41%-0.12%0.27%0.11%-0.17%-0.36%0.31%0.01%0.36%-0.14%0.19%0.03%-0.18%-0.14%0.20%
Return on Capital Employed 0.11%0.11%0.13%0.11%0.11%0.12%0.12%0.12%0.10%0.10%0.12%
Return on Invested Capital 0.33%0.15%0.22%0.19%0.57%0.54%0.39%0.38%0.12%0.13%0.15%
Return on Assets 0.05%0.03%0.05%0.04%0.10%0.11%0.08%0.08%0.02%0.02%0.03%
Return on Equity -5.86%-0.29%-0.43%-0.54%-2.45%-4.89%-6.58%13.25%-19.84%-0.89%-3.49%