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Madison Square Garden Sports vs United Parks & Resorts: revenue, profit, margins and growth compared

Madison Square Garden Sports brought in $1.2B of revenue in fiscal 2026, United Parks & Resorts $1.7B in fiscal 2025. Revenue changed by +11.0% at Madison Square Garden Sports and -3.6% at United Parks & 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, United Parks & Resorts 10.1%. Free cash flow was $61.3M at Madison Square Garden Sports and $162.6M at United Parks & Resorts.

Side by side, latest fiscal year

MSGSPRKS
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$1.2B$1.7B
Revenue growth+11.0%-3.6%
Net income$7.8M$168.4M
Net margin0.7%10.1%
Free cash flow$61.3M$162.6M
Free cash flow margin5.3%9.8%
Earnings per share (diluted)$0.32$3.06
Cash$164.5M$99.8M
Debt$242M$2.2B
Price to earnings1258.910.9
Market value$9.7B$1.5B
Dividend yield1.74%n/a
Rank by revenue in sector#441 of 778 · Consumer discretionary#384 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: $1.2BPRKS FY2018: $1.4BPRKS FY2019: $1.4BPRKS FY2020: $431.8MPRKS FY2021: $1.5BPRKS FY2022: $1.7BPRKS FY2023: $1.7BPRKS FY2024: $1.7BPRKS FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSGS $1.2BPRKS $1.7B
Net income
MSGS FY2019: $11.4MMSGS FY2020: -$182.4MMSGS FY2021: -$14MMSGS FY2022: $51.1MMSGS FY2023: $47.8MMSGS FY2024: $58.8MMSGS FY2025: -$22.4MMSGS FY2026: $7.8MPRKS FY2018: $44.8MPRKS FY2019: $89.5MPRKS FY2020: -$312.3MPRKS FY2021: $256.5MPRKS FY2022: $291.2MPRKS FY2023: $234.2MPRKS FY2024: $227.5MPRKS FY2025: $168.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSGS $7.8MPRKS $168.4M
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%PRKS FY2018: 3.3%PRKS FY2019: 6.4%PRKS FY2020: -72.3%PRKS FY2021: 17.1%PRKS FY2022: 16.8%PRKS FY2023: 13.6%PRKS FY2024: 13.2%PRKS FY2025: 10.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
MSGS 0.7%PRKS 10.1%
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%PRKS FY2019: +1.9%PRKS FY2020: -69.1%PRKS FY2021: +248.3%PRKS FY2022: +15.1%PRKS FY2023: -0.3%PRKS FY2024: -0.1%PRKS FY2025: -3.6%FY19FY20FY21FY22FY23FY24FY25FY26
MSGS +11.0%PRKS -3.6%
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: $61.3MPRKS FY2018: $114.2MPRKS FY2019: $153.2MPRKS FY2020: -$229.9MPRKS FY2021: $374.2MPRKS FY2022: $363.9MPRKS FY2023: $200.1MPRKS FY2024: $231.7MPRKS FY2025: $162.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSGS $61.3MPRKS $162.6M

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

Questions about Madison Square Garden Sports and United Parks & Resorts

Which is bigger by revenue, Madison Square Garden Sports or United Parks & Resorts?

United Parks & Resorts is bigger by revenue: $1.7B 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 United Parks & Resorts?

Madison Square Garden Sports had a net margin of 0.7% in fiscal 2026; United Parks & Resorts had 10.1% in fiscal 2025.

Which grew revenue faster, Madison Square Garden Sports or United Parks & Resorts?

In their latest fiscal years revenue changed by +11.0% at Madison Square Garden Sports and -3.6% at United Parks & 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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