Company Analysis

Madison Square Garden Entertainment Corp. (MSGE)

NYSE: MSGE · Services-Miscellaneous Amusement & Recreation · New York, NY · filing with the SEC since 2022
Grade6.0
◀ Past 7.5● Present 6.0▶ Future 4.7
1 est.

The grade of Madison Square Garden Entertainment Corp.

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past7.530% of the headline
● Present6.040% of the headline
▶ Future4.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.5/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.2/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 33% of this tense · 82nd percentile among 22 sector filers · read for itself

From the record

Madison Square Garden Entertainment Corp.'s filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.4/10

What has it actually done, year after year?

+79.2% a year over 6 filed years; profitable in 4 of 6.

weight 45% of this tense · 74th percentile among 20 sector filers · read for its customers

From the record

Madison Square Garden Entertainment Corp.'s 6 filed years say what it did: revenue went from $57 million in fiscal 2021 to $1.1 billion in fiscal 2026, up 79.2% a year; it rose in 4 of 5 years; the deepest fall was 2% from fiscal 2024 to fiscal 2025; net income was positive in 4 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span79.2%top 2% of its family
  • the share of years revenue rosetop 35% of its family
  • the share of filed years with a profittop 32% of its family
  • the deepest fall from a revenue peak1.7%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.7/10

How has it treated the people who own it?

Share count shrank 2.8% a year. 20% of cash flow returned. Insiders: 2 sales, 0 purchases.

weight 22% of this tense · 66th percentile among 14 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-06-30, Madison Square Garden Entertainment Corp.'s diluted share count shrank about 2.8% a year, and dividends and buybacks returned about 20% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 14% of its family
  • cash returned against operating cash flowbottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.6/10

Is it financially healthy right now?

ROE 145%: 145¢ of profit per shareholder dollar. Leverage 98%: owes 98¢ per asset dollar.

weight 33% of this tense · 66th percentile among 19 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-06-30, Madison Square Garden Entertainment Corp. earned about 145 cents of profit for every dollar of shareholders' money. Leverage: it owed about 98 cents per dollar of assets, and net share issuance: its share count shrank 0.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 26% of its family
  • return on equitytop 3% of its family
  • the share count against the year beforetop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.2/10

How strong is its position in its industry?

top 38% of 20 in its family; net margin 6.2%.

weight 45% of this tense · 62nd percentile among 20 sector filers · read for its customers

From the record

Madison Square Garden Entertainment Corp.'s standing among 20 graded names in its industry family: revenue of $1.1 billion in fiscal 2026 ranks in the top 50% by size; a net margin of 6.2% ranks in the top 22%; revenue growth of 10.8% a year over the last 3 filed years ranks in the top 42% (its annual reports).

What it rests on

  • revenue against the family$1.06Btop 50% of its family
  • net margin6.2%top 22% of its family
  • three-year revenue growth10.8%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.6/10

What are the people in charge doing?

SI estimate 4.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 46th percentile among 14 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 46% of 14 in its family; the record of its people begins on 2023-04-03 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.6 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2023-04-03 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.6 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 14 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Madison Square Garden Entertainment Corp.'s leadership is put at 4.6 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 46% of 14 in its family; the record of its people begins on 2023-04-03 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.6 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.6/10

How much room does it have to grow?

top 34% of 20 in its family for room to expand.

weight 22% of this tense · 66th percentile among 20 sector filers · read for itself

From the record

Madison Square Garden Entertainment Corp.'s room to grow, from the newest filed statements (fiscal 2026): cash of $294 million against debt of $540 million leaves -12.7% of its assets as net cash, bottom 40% of its family; cash from operations less capital spending is 33.1% of revenue (top 8%) (its annual report).

What it rests on

  • cash less debt against assets-12.7%bottom 40% of its family
  • cash from operations less capital spending against revenue33.1%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.0/10

What could actually drive growth from here?

bottom 30% of 20 in its family for growth drivers.

weight 45% of this tense · 30th percentile among 20 sector filers · read for its customers

From the record

Madison Square Garden Entertainment Corp.'s growth drivers, from the filed years to fiscal 2026: revenue grew 10.8% a year over the last three filed years against 79.2% over all 6, slowing (bottom 3% of its family); the newest year grew 12.5% (top 42%) (its annual reports). Madison Square Garden Entertainment Corp. reported 6 product lines in fiscal 2026: Ticketing and Venue License Fee Revenues at $528 million (50%), Sponsorship and Signage Suite and Advertising Commission Revenues at $275 million (26%), Food Beverage and Merchandise Revenues at $164 million (16%), and 3 more; 4 of 6 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-68.4 points a yearbottom 3% of its family
  • the newest year's revenue growth12.5%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.7/10

Did its newest year beat what its own record pointed to?

top 44% of 18 in its family for expectations against reality.

weight 33% of this tense · 56th percentile among 18 sector filers · read for its shareholders

From the record

Madison Square Garden Entertainment Corp.'s newest year against its own record: revenue of $1.1 billion in fiscal 2026 came in 2.3% above the $1.0 billion its prior three years' pace pointed to (top 36% of its family); net income of $66 million against a prior three-year average of $86 million (top 47%); a net margin of 6.2% against 9.6% before (top 47%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace2.3%top 36% of its family
  • net income against the prior three years' average-23%top 47% of its family
  • net margin against its prior average-3.4 pointstop 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MSGE · research, not advice