CluenexMadison Square Garden Sports MSGS
Madison Square Garden Sports scores average on business quality (4.6 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Madison Square Garden Sports does
Madison Square Garden Sports operates professional sports franchises, primarily the New York Knicks and New York Rangers, generating revenue through ticket sales, media rights, sponsorships, and suite rentals. The company is leaning into expanding its digital and sponsorship monetization efforts across its core sports assets to drive incremental per-fan yield.
- What it does best
Owning irreplaceable sports franchises that command premier media rights and local loyalty, achieving a revenue growth rate of 11.1%. This asset class is virtually impossible to replicate due to league scarcity and iconic venue alignment.
- The main risk
The core franchises face high operational costs that compress earnings, as highlighted by reports noting the New York Rangers struggle to generate consistent operating profits despite massive valuation.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits thin at 2.7% and net margin at 0.7%, reflecting high team payrolls and operational expenses that eat up gross profits of 33.6%. Scale does not translate to high margins here.
The franchise portfolio locks in devoted sports fans and corporate sponsors through multi-decade loyalty and league scarcity, sitting in the bottom quartile for gross margin at 7% in its sector.
Revenue grew 11.1% to $1.15 billion, accelerating slightly from $1.04 billion in the prior period as ticket and broadcast revenues rebound.
With total debt of $258 million against $165 million in cash, the balance sheet carries net debt of $93 million. Free cash flow came in at $62 million, softening compared to prior years.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $247K outside pre-planned sales.
Our sealed record on MSGS
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Madison Square Garden Sports scores average on the Cluenex quality check (4.6 of 10), measured against its own industry. Profitability is weak, moat fair, growth steady and financial health fair.
In the last 90 days of SEC Form 4 filings: 1 sold $247K outside pre-planned sales.
Oct 30, 2026.
See MSGS today
- Today's verdict on MSGS, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Madison Square Garden Sports (MSGS)”, https://cluenex.com/stocks/msgs/, data as of Oct 10, 2026.