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Madison Square Garden Sports vs Vail Resorts: revenue, profit, margins and growth compared

Madison Square Garden Sports brought in $1.2B of revenue in fiscal 2026, Vail Resorts $3B in fiscal 2025. Revenue changed by +11.0% at Madison Square Garden Sports and +2.7% at Vail Resorts on the year before, so Madison Square Garden Sports grew faster. Madison Square Garden Sports kept 0.7% of its revenue as net profit, Vail Resorts 9.4%. Free cash flow was $61.3M at Madison Square Garden Sports and $319.7M at Vail Resorts.

Side by side, latest fiscal year

MSGSMTN
Fiscal year endedFY2026 (June 30, 2026)FY2025 (July 31, 2025)
Revenue$1.2B$3B
Revenue growth+11.0%+2.7%
Net income$7.8M$280M
Net margin0.7%9.4%
Free cash flow$61.3M$319.7M
Free cash flow margin5.3%10.8%
Earnings per share (diluted)$0.32$7.53
Cash$164.5M$440.3M
Debt$242M$3.2B
Price to earnings1258.918.1
Market value$9.7B$4.9B
Dividend yield1.74%6.52%
Rank by revenue in sector#441 of 778 · Consumer discretionary#286 of 778 · Consumer discretionary

Over the years

Revenue
MSGS FY2019: $1.6BMSGS FY2020: $603.3MMSGS FY2021: $415.7MMSGS FY2022: $821.4MMSGS FY2023: $887.4MMSGS FY2024: $1BMSGS FY2025: $1BMSGS FY2026: $1.2BMTN FY2018: $2BMTN FY2019: $2.3BMTN FY2020: $2BMTN FY2021: $1.9BMTN FY2022: $2.5BMTN FY2023: $2.9BMTN FY2024: $2.9BMTN FY2025: $3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSGS $1.2BMTN $3B
Net income
MSGS FY2019: $11.4MMSGS FY2020: -$182.4MMSGS FY2021: -$14MMSGS FY2022: $51.1MMSGS FY2023: $47.8MMSGS FY2024: $58.8MMSGS FY2025: -$22.4MMSGS FY2026: $7.8MMTN FY2018: $379.9MMTN FY2019: $301.2MMTN FY2020: $98.8MMTN FY2021: $127.9MMTN FY2022: $347.9MMTN FY2023: $265.8MMTN FY2024: $231.1MMTN FY2025: $280MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSGS $7.8MMTN $280M
Net margin
MSGS FY2019: 0.7%MSGS FY2020: -30.2%MSGS FY2021: -3.4%MSGS FY2022: 6.2%MSGS FY2023: 5.4%MSGS FY2024: 5.7%MSGS FY2025: -2.2%MSGS FY2026: 0.7%MTN FY2018: 18.9%MTN FY2019: 13.3%MTN FY2020: 5.0%MTN FY2021: 6.7%MTN FY2022: 13.8%MTN FY2023: 9.2%MTN FY2024: 8.0%MTN FY2025: 9.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
MSGS 0.7%MTN 9.4%
Revenue growth
MSGS FY2020: -63.0%MSGS FY2021: -31.1%MSGS FY2022: +97.6%MSGS FY2023: +8.0%MSGS FY2024: +15.7%MSGS FY2025: +1.2%MSGS FY2026: +11.0%MTN FY2019: +12.9%MTN FY2020: -13.6%MTN FY2021: -2.7%MTN FY2022: +32.3%MTN FY2023: +14.4%MTN FY2024: -0.1%MTN FY2025: +2.7%FY19FY20FY21FY22FY23FY24FY25FY26
MSGS +11.0%MTN +2.7%
Free cash flow
MSGS FY2019: -$27.6MMSGS FY2020: -$358.9MMSGS FY2021: -$35.8MMSGS FY2022: $177.1MMSGS FY2023: $151.3MMSGS FY2024: $90.7MMSGS FY2025: $88MMSGS FY2026: $61.3MMTN FY2018: $407.9MMTN FY2019: $442.2MMTN FY2020: $222.6MMTN FY2021: $410.2MMTN FY2022: $517.7MMTN FY2023: $322.9MMTN FY2024: $377.8MMTN FY2025: $319.7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSGS $61.3MMTN $319.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Madison Square Garden Sports and Vail Resorts

Which is bigger by revenue, Madison Square Garden Sports or Vail Resorts?

Vail Resorts is bigger by revenue: $3B in fiscal 2025, against $1.2B for Madison Square Garden Sports in fiscal 2026.

Which keeps more of its revenue as profit, Madison Square Garden Sports or Vail Resorts?

Madison Square Garden Sports had a net margin of 0.7% in fiscal 2026; Vail Resorts had 9.4% in fiscal 2025.

Which grew revenue faster, Madison Square Garden Sports or Vail Resorts?

In their latest fiscal years revenue changed by +11.0% at Madison Square Garden Sports and +2.7% at Vail Resorts.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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