Manchester United vs Madison Square Garden Entertainment
Madison Square Garden Entertainment is the larger business, with $1.06bn of revenue in fiscal 2026 against $910m for Manchester United (1.2 times as much). Madison Square Garden Entertainment grew faster (12.5% against 5.4%). Madison Square Garden Entertainment kept more of each dollar of sales as profit: a net margin of 6.2% against -6.3%. Manchester United carries less debt relative to equity (458.2% against 1246.8%).
| Latest fiscal year | Manchester UnitedMANU, 2026 | Madison Square Garden EntertainmentMSGE, 2026 |
|---|---|---|
| Revenue | $910m | $1.06bn |
| Revenue growth | 5.4% | 12.5% |
| Net income | −$57.7m | $66.2m |
| Operating margin | 3.3% | 13.3% |
| Net margin | -6.3% | 6.2% |
| Return on equity | -24.8% | — |
| Free cash flow | $125m | — |
| Cash | $89.2m | $294m |
| Total debt | $913m | $571m |
| Debt to equity | 458.2% | 1246.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $25.0m |
| Employees | — | — |
| Market value | $3.73bn | $3.90bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 2 sales |