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Madison Square Garden Sports Corp., is a Nevada corporation with our principal executive offices at Two Pennsylvania Plaza, New York, NY 10121. Unless the context otherwise requires, all references to we, us, our, MSG Sports or the Company refer collectively to Madison Square Garden Sports Corp., a holding company, and its direct and indirect subsidiaries.
$377.65
+$3.36 (+0.90%)
Price from 4 days ago
Operating margin is thin at 1.42%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 1.2%, essentially flat. Margins also contracted 12.8pp. This is a business that needs a catalyst.
ROIC dropped from 8.91% to 0.84%, capital efficiency is deteriorating. Net debt of $1.04B represents 11.8x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.08B
▲ +1.2% YoY
Net Income (TTM)
-$22M
▼ -138.2% YoY
Op. Margin
1.42%
▼ -12.8pp YoY
ROIC
0.84%
▼ -8.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$53M
▼ -3.0% YoY
Op. Cash Flow (TTM)
$55M
▼ -0.6% YoY
Net Debt
$1.06B
Cash & Equiv.
$107M
5Y CAGR: +11.5%
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