Madison Square Garden Sports Corp.
$9.85B- Market cap
- $9.75B
- Debt
- +$258.50M
- Cash
- −$164.51M
Capital structure 97% equity / 3% debt · EV / Revenue 8.53x · EV / EBITDA 547.51x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MSGS stock price at premium vs QSR $391.20 current versus $10.92 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at QSR's multiple
Implied fair value · at MSGS's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MSGS FY 2026 (ended Jun 30, 2026) · QSR FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Nine fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 97% equity / 3% debt · EV / Revenue 8.53x · EV / EBITDA 547.51x
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 68% equity / 32% debt
QSR carries the larger enterprise value at $41.32B against $9.85B; QSR trades on the lower EV / Revenue multiple (4.38x vs 8.53x); QSR on the lower EV / EBITDA (16.20x vs 547.51x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
MADISON SQUARE GARDEN SPORTS CORP. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
RESTAURANT BRANDS INTERNATIONAL INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-0.98x
3.66x
Net debt / EBITDA
Leverage against operating earnings
5.23x
—
Cash and equivalents
Liquid reserves on the balance sheet
$164.51M
—
Total debt
Interest-bearing obligations outstanding
$258.50M
$13.31B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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