Pulling SEC filings + quote and writing the call…

Madison Square Garden Sports Corp.
Next earnings Aug 10, 2026 (after close) · consensus $0.52 EPS, $217M rev
Last earnings -0.7% on 2026-05-08
A trophy-asset stock (Knicks + Rangers) whose value sits in franchise scarcity, not in the small GAAP loss or negative book.
Madison Square Garden Sports owns two of the most valuable franchises in professional sports — the NBA's New York Knicks and the NHL's New York Rangers. That ownership is the entire investment case, and it makes conventional financial analysis nearly useless here. FY2025 (year ended June 30, 2025) revenue was essentially flat at $1.04B (+1.2%), the company posted a small net loss of -$22.4M (a -$0.93 EPS) versus $58.8M of income the prior year, and stockholders' equity is negative at -$281M. The operating margin of 1.4% and negative book value are artifacts of the structure — franchises carried at historical cost while their private-market values run into the billions, plus heavy NBA luxury-tax, revenue-sharing and league-assessment costs that the MD&A cites as the swing into a loss.
Sources: SEC EDGAR (CIK 0001636519, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/21/2026, 8:51:52 PM.
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The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $416M | $821M | $887M | $1.03B | $1.04B |
| Gross profit | — | — | — | — | — |
| Operating income | -$78.4M | $86.1M | $85.2M | $146M | $14.8M |
| Net income | -$14.0M | $51.1M | $47.8M | $58.8M | -$22.4M |
| Diluted EPS | -$0.58 | $2.10 | $1.89 | $2.44 | -$0.93 |
| Net margin | -3.4% | 6.2% | 5.4% | 5.7% | -2.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1047 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.