MSGS
Communication ServicesMadison Square Garden Sports Corp. · Entertainment · $9B
What is Madison Square Garden Sports Corp.?
Madison Square Garden Sports Corp. owns two of professional sports' most recognized franchises — the New York Knicks and the New York Rangers. Incorporated in 2015 and headquartered in New York City, the company sits at the intersection of sports, entertainment, and emerging esports.
The company generates revenue primarily through its NBA and NHL franchises — the New York Knickerbockers and the New York Rangers — via ticket sales, media rights, sponsorships, and merchandise. Beyond the marquee teams, MSGS operates two development-league affiliates and holds interests in esports through Knicks Gaming and Counter Logic Gaming. Two dedicated performance centers support player development operations.
Madison Square Garden Sports Corp. was incorporated in 2015 and is headquartered in New York City, New York.
- New York Knickerbockers (NBA franchise)
- New York Rangers (NHL franchise)
- Knicks Gaming and Counter Logic Gaming esports operations
- Hartford Wolf Pack and Westchester Knicks development teams
- Professional sports performance training centers
Is MSGS a Good Stock to Buy?
UQS Score rates MSGS as Poor overall, reflecting broad weakness across all five scoring pillars.
The franchise assets — particularly the Knicks and Rangers — carry cultural and geographic cachet that is difficult to replicate. Brand recognition in one of the world's largest media markets provides a degree of commercial durability that pure financial metrics may not fully capture.
The Quality, Moat, Growth, and Risk pillars all register as Weak, while Valuation is rated Elevated — a combination that signals investors may be paying a premium for assets without proportionate fundamental support.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MSGS pay dividends?
No — Madison Square Garden Sports Corp. does not currently pay a dividend.
MSGS does not currently pay a dividend. Sports holding companies of this type typically prioritize reinvestment into franchise operations, player development infrastructure, and strategic acquisitions — such as its esports ventures — rather than returning cash to shareholders through distributions.
When does MSGS report earnings?
Madison Square Garden Sports Corp. reports earnings on a quarterly cadence, consistent with standard US-listed equity practice.
Revenue trends are closely tied to the performance and scheduling of the Knicks and Rangers seasons, making results inherently seasonal. Esports and development-league contributions remain a smaller portion of the overall revenue picture.
For the most recent quarter's results and guidance, visit Madison Square Garden Sports Corp.'s investor relations page directly.
MSGS Price History
+89.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Madison Square Garden Sports Corp.?
Based on Madison Square Garden Sports Corp.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MSGS Long-term Outlook
Given that the UQS Growth pillar is rated Weak and the Risk pillar is also Weak, the fundamental outlook for MSGS carries meaningful uncertainty. The Elevated Valuation rating further suggests the current market price may already reflect optimistic assumptions about franchise appreciation. Investors focused on long-term fundamental quality may find the risk-reward profile challenging at current levels.
Growth drivers
- Potential appreciation in franchise valuations for marquee NBA and NHL teams
- Expansion of esports revenue through Knicks Gaming and Counter Logic Gaming
- Media rights renegotiations benefiting major professional sports franchises broadly
Key risks
- Elevated valuation leaves limited margin of safety if franchise economics deteriorate
- Weak Risk pillar signals vulnerability to leverage, operational, or market disruptions
- Seasonal revenue concentration tied to team performance and league scheduling
MSGS vs Peers
Within the Communication Services sector, MSGS is sometimes grouped alongside media and entertainment companies that share audience-monetization business models.
Sirius XM operates a subscription-based audio entertainment platform, contrasting with MSGS's live sports franchise model.
Liberty Live Group holds interests in live entertainment assets and venues, giving it some structural overlap with sports and events-driven revenue.
Nexstar is a broadcast television operator whose revenue depends on advertising and retransmission fees rather than sports franchise ownership.
Frequently Asked Questions
What does Madison Square Garden Sports Corp. do?
Madison Square Garden Sports Corp. owns and operates the New York Knicks (NBA) and New York Rangers (NHL), along with two development-league teams and esports franchises including Knicks Gaming and Counter Logic Gaming. The company also runs professional sports performance centers in New York and Los Angeles.
Does MSGS pay dividends?
No, MSGS does not currently pay a dividend. The company appears to prioritize reinvestment into franchise operations and strategic growth areas such as esports rather than distributing cash to shareholders.
When does MSGS report earnings?
MSGS reports on a quarterly cadence like most US-listed companies. Because revenue is tied to NBA and NHL seasons, results tend to be seasonal. Check Madison Square Garden Sports Corp.'s investor relations page for the latest schedule.
Is MSGS a good stock to buy?
UQS Score rates MSGS as Poor, with Weak readings across Quality, Moat, Growth, and Risk pillars, and an Elevated Valuation rating. This profile suggests investors should carefully weigh the premium being paid against the underlying fundamental picture. The full pillar breakdown is available to Pro members.
Is MSGS overvalued?
The UQS Valuation pillar for MSGS is rated Elevated, indicating the market price may reflect optimistic assumptions relative to the company's current fundamentals. Franchise scarcity can support premium valuations in sports, but the weak fundamental pillars add complexity to that argument.
How does MSGS compare to its competitors?
Within the Communication Services sector, MSGS operates a distinctly franchise-based sports model compared to peers like Sirius XM, Liberty Live Group, and Nexstar, which are more media- and advertising-driven. The UQS comparative view for each peer is available on their respective score pages.
What is MSGS's market cap bracket?
MSGS is classified as a mid-cap company. This places it in a range that typically attracts both institutional and individual investors, though liquidity and analyst coverage can vary compared to large-cap peers.
Who founded Madison Square Garden Sports Corp.?
Madison Square Garden Sports Corp. was incorporated in 2015 as a spinoff from The Madison Square Garden Company. The Dolan family has long been associated with the company's ownership and leadership. Full historical context is widely available through public filings and news sources.
Is MSGS a long-term quality investment?
As a long-term quality indicator, the UQS Score rates MSGS as Poor. Weak scores across multiple pillars — including Quality, Moat, and Growth — suggest the company's fundamentals do not currently support a high-conviction long-term quality thesis. Franchise appreciation potential is a separate, speculative consideration.
What is the main competitive advantage of Madison Square Garden Sports Corp.?
The primary competitive advantage lies in franchise scarcity — the Knicks and Rangers are among a fixed number of major professional sports teams in the world's largest media market. However, the UQS Moat pillar rates this advantage as Weak, suggesting it does not yet translate into durable financial outperformance.
What sector does MSGS belong to?
MSGS is classified under the Communication Services sector. This grouping reflects the media rights, broadcast relationships, and audience-monetization characteristics shared by professional sports franchises and entertainment companies.
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Pro Analysis
MSGS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 17.7 | 10.4 | 22.0 | 3.7 | 58.8 | 0.0 | +5.7 |
| May 8, 2026 | 12.0 | 1.1 | 22.0 | 3.3 | 36.9 | 0.0 | +0.1 |
| Apr 2, 2026 | 11.9 | 8.7 | 22.0 | 3.3 | 23.5 | 0.0 | — |
MSGS — Pillar Breakdown
Quality
— 10.4/100 (25%)Madison Square Garden Sports Corp. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 3.7/100 (20%)Madison Square Garden Sports Corp. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 58.8/100 (15%)Madison Square Garden Sports Corp. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 0.0/100 (15%)Madison Square Garden Sports Corp. appears expensively valued relative to its fundamentals and growth prospects.
How many years of FCF the market cap represents.
Moat
— 22/100 (25%)Madison Square Garden Sports Corp. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MSGS.
Score Composition
Financial Data
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How is the MSGS UQS Score Calculated?
The UQS (Unified Quality Score) for Madison Square Garden Sports Corp. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Madison Square Garden Sports Corp.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Madison Square Garden Sports Corp. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.