Madison Square Garden Sports Corp.

MSGSNYSECommunication Services● Active

$384.81

$-1.42(-0.37%)

Market Cap$9.3B

P/E Ratio—

52W High$392.56

52W Low$186

Avg Volume230K

Open$389.50

Beta0.59

Free Cash Flow Financials Revenue

Madison Square Garden Sports Corp. (MSGS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MSGS · free cash flow · updated Jun 8, 2026

Core FCF metrics

MSGS · FCF · TTM · margin & CAGR

Free cash flow was $88.0M for FY2025 (fiscal year ending 2025-06-30), down 3.0% year-over-year The FCF margin was 8.5%.

FY2025 Free Cash Flow$88.0M▼ -3.0% YoY

Trailing 12M (TTM)$54.6Mtrailing 4 quarters sum

FCF Margin8.5%$88.0M ÷ revenue

3-Year CAGR-20.8%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MSGS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$91.6M(4M)$88.0M▼ 3.0%8.5%

FY2024$92.1M(1M)$90.7M▼ 40.1%8.8%

FY2023$152.5M(1M)$151.3M▼ 14.6%17.1%

FY2022$178.1M(1M)$177.1M▲ +594.9%21.6%

FY2021−$35.3M(0M)−$35.8M▲ +90.0%-8.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MSGS · P/FCF · FCF yield · FCF per share

Madison Square Garden Sports Corp. (MSGS) trades at a FCF yield of 0.59% and a price-to-free-cash-flow ratio of 169.5x. FCF per share stands at $2.27, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.59%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.27

TTM FCF ÷ Shares Outstanding

Price / FCF

x169.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x189.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-06-30

Cash flow statement summary

MSGS · cash flow statement · operating / investing / financing

For FY2025, Madison Square Garden Sports Corp. generated $91.6M in operating cash flow and spent 4M in capital expenditures, yielding $88.0M in free cash flow.

Operating Activities

+$91.6M

Cash from core business operations

2025-06-30

Investing Activities

−$6.9M

CapEx, acquisitions & investments

2025-06-30

Financing Activities

−$26.4M

Buybacks, dividends & debt

2025-06-30

FCF FormulaOperating CF ($91.6M) − |CapEx| (4M) = FCF ($88.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Communication Services)

MSGS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Madison Square Garden Sports Corp.YOU

MSGS

$88.0M-3.0%8.5%

About Free Cash Flow & Methodology

Madison Square Garden Sports Corp. (MSGS) reported free cash flow of $88.0M for FY2025 (fiscal year ending 2025-06-30), down 3.0% year-over-year. The FCF margin was 8.5%.

Based on available data, Madison Square Garden Sports Corp. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $177.1M in FY2022.

Madison Square Garden Sports Corp.'s FCF yield is 0.59% and price-to-FCF ratio is 169.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MSGS free cash flow · 8 questions

Madison Square Garden Sports Corp. free cash flow was $88.0M for FY2025, down 3.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $54.6M.

MSGS free cash flowMSGS FCFMSGS FCF 2025MSGS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Madison Square Garden Sports Corp. · Madison Square Garden Sports Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026