The Filing Desk

Lionsgate Studios vs Madison Square Garden Sports

Lionsgate Studios LION · Madison Square Garden Sports MSGS · Movies & Entertainment

Lionsgate Studios reported revenue of $2.6 billion in fiscal 2026, 2.3 times Madison Square Garden Sports' $1.2 billion in fiscal 2026. Lionsgate Studios' revenue grew 1.8% in its latest year, and Madison Square Garden Sports' grew 11.0%. Lionsgate Studios had an operating margin of 3.7%, against 2.5% at Madison Square Garden Sports. Free cash flow was $11 million at Lionsgate Studios and $61 million at Madison Square Garden Sports. Their fiscal years end in different months (March 31 and June 30), so the periods don't line up exactly.

Side by side

Lionsgate StudiosMadison Square Garden Sports
Latest fiscal yearFY2026, Mar 31, 2026FY2026, Jun 30, 2026
Revenue$2.6B$1.2B
Revenue growth1.8%11.0%
Revenue growth a year, last 5 years—22.7%
Gross margin——
Operating margin3.7%2.5%
Net margin−7.5%0.7%
Free cash flow$11M$61M
Free cash flow margin0.4%5.3%
Return on capital8.3%—
Net debt to EBITDA13.9x2.9x
Dividends and buybacks$0M$0M
Change in diluted share count14.7%0.7%
Last close$12.14$384.39
P/E at the last close——
Insider trades, last 12 monthssold $2.0 millionsold $2.1 million
Piotroski F-score5 of 87 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Lionsgate StudiosMadison Square Garden Sports
Operating margin
Percent of revenue
Lionsgate StudiosMadison Square Garden Sports
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Lionsgate StudiosMadison Square Garden Sports

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Lionsgate Studios and Madison Square Garden Sports pages.