Madison Square Garden Sports's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Madison Square Garden Sports (MSGS) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Madison Square Garden Sports vs Its Competitors
- TTM: Trailing 12-month revenue of 1,154M vs 32,278M combined for tracked competitors (3.5% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-3.4% annualized vs trailing 12 months), vs accelerating (+11.6%) for its tracked peer group.
- Growth: Madison Square Garden Sports generated 36.7% revenue growth year over year in Q4 2026, vs 4.4% for its tracked competitors combined.
- Profitability: Its 10.2% net margin compares with 4.7% for the peer group.
- Scale: Madison Square Garden Sports ranks #11 of 64 companies by market capitalization in the Hotels, Tourism & Amusement industry, holding 1.6% of industry market cap.
- Peer revenue share: Madison Square Garden Sports accounted for 3.0% of combined revenue among its tracked peer group, up from 2.3% a year earlier.
- Peer differentiation: Revenue per employee of $2.21M compares with $5.67M for the peer group (0.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MSGS Sales vs. its Competitors, Q4 2026
Madison Square Garden Sports reported revenue growth of 36.67 % year on year in Q4 2026, above its competitors' combined revenue growth of 4.42 %.
With a net margin of 10.15 %, Madison Square Garden Sports achieved higher profitability than its competitors (4.66 %).
Madison Square Garden Sports generated 3.00 % of the combined sales of its peer group, up from 2.31 % a year earlier.
Madison Square Garden Sports vs. its Competitors, Q4 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Madison Square Garden Sports and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Madison Square Garden Sports Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Madison Square Garden Sports's competitor groups requires a Commercial License.
For context: the Hotels, Tourism & Amusement industry grew revenue 6.7% year over year, combined, vs 36.7% for Madison Square Garden Sports. Madison Square Garden Sports's share of combined industry revenue moved from 0.23% to 0.29%, a gain of 0.06 percentage points.
Madison Square Garden Sports's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Madison Square Garden Sports Corp | Yes | Yes | Yes | No |
| Competitors combined (5) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 37.50 % (3 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MSGS Stock Performance relative to its Competitors
MSGS Stock Performance relative to Similar-Size Competitors
MSGS Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Aeternum Health Inc | 282.9% | Outperformed |
| 2 | Madison Square Garden Entertainment Corp | 282.9% | Outperformed |
| 3 | Manchester United Plc | 282.9% | Outperformed |
| 4 | Pursuit Attractions And Hospitality Inc | 282.9% | Outperformed |
| 5 | Live Nation Entertainment Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Madison Square Garden Sports's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Madison Square Garden Sports's Comment on Competition and Industry Peers
Publicly Traded Peers of Madison Square Garden Sports Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Madison Square Garden Sports Corp | 10,097.08 | 1,153.82 |
| Live Nation Entertainment Inc | 41,947.40 | 26,272.54 |
| Madison Square Garden Entertainment Corp | 3,925.12 | 1,135.55 |
| Manchester United Plc | 3,497.25 | 666.51 |
| Pursuit Attractions And Hospitality Inc | 1,389.11 | 531.39 |
| Aeternum Health Inc | 6.56 | - |
| SUBTOTAL | 60,862.52 | 34,098.81 |
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Sources: Madison Square Garden Sports Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Madison Square Garden Sports Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Madison Square Garden Sports's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Madison Square Garden Entertainment Corp | Named by the company | 85% |
| Live Nation Entertainment Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Madison Square Garden Sports's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Madison Square Garden Sports's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Madison Square Garden Sports Corp | Single Operating 100.00 % |
| Live Nation Entertainment Inc | Concerts 73.17 % |
| Pursuit Attractions And Hospitality Inc | Pursuit 100.00 % |
| Liberty Media Corporation | Formula One 86.78 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Madison Square Garden Sports's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Madison Square Garden Sports Corp | 10,097 | 2,210,387 | 14,864 |
| Live Nation Entertainment Inc | 41,947 | 31,653,657 | 439,233 |
| Madison Square Garden Entertainment Corp | 3,925 | 1,071,276 | 253,172 |
| Manchester United Plc | 3,497 | 4,443,427 | -220,153 |
| Pursuit Attractions And Hospitality Inc | 1,389 | 253,042 | 24,436 |
| Aeternum Health Inc | 7 | - | - |
| PEERS TOTAL | 50,765 | 5,666,493 | 182,244 |
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Madison Square Garden Sports's Position in Industry Market Structure
Market-capitalization share and concentration across all 56 companies in Madison Square Garden Sports's industry classification, broader than the peer set above. Market cap in millions of $.Madison Square Garden Sports ranks #11 of 56 companies by market capitalization in its industry, holding 1.63 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,394, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Walt Disney Co | 184,131 | 30.16 % |
| 2 | Marriott International Inc | 93,711 | 15.35 % |
| 3 | Hilton Worldwide Holdings Inc | 71,819 | 11.77 % |
| 4 | H World Group Ltd | 34,846 | 5.71 % |
| 5 | Intercontinental Hotels Group Plc | 1,234 | 5.2% |
| 6 | Las Vegas Sands Corp | 1,234 | 5.2% |
| 7 | Host Hotels and Resorts Inc | 1,234 | 5.2% |
| 8 | Hyatt Hotels Corporation | 1,234 | 5.2% |
| 9 | Atour Lifestyle Holdings Limited | 1,234 | 5.2% |
| 10 | Draftkings Inc | 1,234 | 5.2% |
| 11 | Madison Square Garden Sports Corp | 9,949 | 1.63 % |
Market cap and industry share for the rest of Madison Square Garden Sports's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Madison Square Garden Sports's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 6 | Las Vegas Sands Corp | 25,240 | -27.49 % |
| 7 | Host Hotels and Resorts Inc | 15,526 | 30.05 % |
| 8 | Hyatt Hotels Corporation | 15,386 | 13.66 % |
| 9 | Atour Lifestyle Holdings Limited | 13,648 | -14.79 % |
| 10 | Draftkings Inc | 1,234 | 12.3% |
| 11 | Madison Square Garden Sports Corp | 9,949 | 84.85 % |
| 12 | Life Time Group Holdings Inc | 1,234 | 12.3% |
| 13 | Wynn Resorts Limited | 1,234 | 12.3% |
| 14 | Mgm Resorts International | 1,234 | 12.3% |
| 15 | Caesars Entertainment inc | 1,234 | 12.3% |
| 16 | Super Group sghc Limited | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Madison Square Garden Sports's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Madison Square Garden Sports's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Hotels, Tourism & Amusement industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (59 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 27.74 % | 55.05 % (avg) | -27.3 pp |
| Operating Margin | 2.50 % | industry median | -7.4 pp |
| EBITDA Margin | 1.98 % | 11.67 % (avg) | -9.7 pp |
| Capital Intensity (Capex / Revenue) | - | 7.89 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Madison Square Garden Sports's Valuation vs Competitive Position
Valuation multiples vs the Hotels, Tourism & Amusement industry average (59 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 1,211.4x | 29.1x | +1,182.3x |
| EV / EBITDA | 405.9x | 15.4x | +390.6x |
| P/B | -32.1x | 4.3x | -36.4x |
| Return on Equity | -2.74 % | industry aggregate | -17.11 % |
| Return on Invested Capital | 4.24 % | 6.03 % (avg) | -1.79 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Madison Square Garden Sports's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | - | -140.23 % | - | 39.56 % | -1.25 % | 21.45 % | 0.26 % |
| Operating Margin | -4.12 % | 97.89 % | -1.83 % | 11.31 % | 9.50 % | 12.83 % | 0.42 % |
| Return on Invested Capital | -0.27 % | -7.34 % | -1.55 % | 14.78 % | 15.93 % | 22.92 % | 0.66 % |
| P/E | 1,020.6x | - | 77.9x | 75.4x | 110.8x | 94.4x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Madison Square Garden Sports's Strategic Group Map
Every company in Madison Square Garden Sports's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Madison Square Garden Sports is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Madison Square Garden Sports's BCG Growth-Share Matrix
Relative market share (vs Madison Square Garden Sports's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Madison Square Garden Sports falls in the Dog quadrant: relative market share of 0.05x vs its largest competitor, in an industry growing revenue 4.7% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Madison Square Garden Sports's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,394 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Madison Square Garden Sports's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Madison Square Garden Sports's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Madison Square Garden Sports's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Madison Square Garden Sports falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Madison Square Garden Sports's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 7.4 points below the industry median.
- Return on equity 17.1 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-3.4% annualized vs trailing 12 months).
- Low relative market share vs the industry leader (0.05x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Madison Square Garden Sports's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Madison Square Garden Sports Corp | 0.19 | 0.45 | - |
| Live Nation Entertainment Inc | 0.57 | 0.90 | 10.20 |
| Madison Square Garden Entertainment Corp | 0.12 | 0.61 | 160.68 |
| Manchester United Plc | 0.11 | 0.38 | 2.44 |
| Pursuit Attractions And Hospitality Inc | 0.29 | 1.33 | 0.38 |
| Aeternum Health Inc | 0.21 | 0.57 | - |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Madison Square Garden Sports's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Madison Square Garden Sports Corp | Q2 2026 | +36.7 % | - |
| Live Nation Entertainment Inc | Q2 2026 | +9.4 % | +33.1 % |
| Madison Square Garden Entertainment Corp | Q2 2026 | +75.9 % | - |
| Manchester United Plc | Q2 2025 | +0.7 % | - |
| Pursuit Attractions And Hospitality Inc | Q2 2026 | +9.1 % | +96.1 % |
| Aeternum Health Inc | Q2 2026 | - | - |
| PEERS TOTAL | +4.9 % | +78.4 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Madison Square Garden Sports's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Madison Square Garden Sports Corp | Q2 2026 | +3.0 % | -90.3 % |
| Live Nation Entertainment Inc | Q2 2026 | +9.9 % | +9.9 % |
| Madison Square Garden Entertainment Corp | Q2 2026 | +18.1 % | +0.8 % |
| Manchester United Plc | Q2 2025 | - | +162.5 % |
| Pursuit Attractions And Hospitality Inc | Q2 2026 | +8.1 % | +7.5 % |
| Aeternum Health Inc | Q2 2026 | - | - |
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Madison Square Garden Sports's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Madison Square Garden Sports Corp | 0.51% | 0.80% | - |
| Live Nation Entertainment Inc | 1.46% | 3.90% | 44.72% |
| Madison Square Garden Entertainment Corp | 14.82% | 13.63% | 7,308.33% |
| Manchester United Plc | - | - | - |
| Pursuit Attractions And Hospitality Inc | 5.15% | 4.98% | 7.99% |
| Aeternum Health Inc | 252.40% | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Madison Square Garden Sports's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Madison Square Garden Sports Corp | 1,343.03 | 8.75 |
| Live Nation Entertainment Inc | 138.62 | 1.60 |
| Madison Square Garden Entertainment Corp | 59.25 | 3.46 |
| Manchester United Plc | - | 5.25 |
| Pursuit Attractions And Hospitality Inc | 37.33 | 2.61 |
| Aeternum Health Inc | - | - |
| PEERS AVERAGE | 57.02 | 1.78 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.