LIVE NATION ENTERTAINMENT, INC. vs MADISON SQUARE GARDEN ENTERTAINMENT CORP., two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Two live-events businesses that touch the same fans from different seats. Live Nation promotes concerts and runs Ticketmaster at national scale, $41.7 billion in market value; MSG Entertainment owns the venues themselves, Madison Square Garden and Radio City, at $3.9 billion. Their net margins reflect the roles: Live Nation keeps just 0.33% because ticket money passes through to artists and venues, while MSG keeps a thicker 4.81% as a landlord of iconic halls. On cash the venue owner converts far better, an 8.83% free cash yield against Live Nation's 2.91%. One moves the volume, the other owns the buildings the shows happen in.
Comparison updated 2026-07-11.
| Metric | LYV | MSGE |
|---|---|---|
| Price | $179.86 | $74.13 |
| Market cap | $41.8B | $3.6B |
| Sector | Entertainment | Entertainment |
| Stage | Mature | Mature |
| Implied growth (priced in) | +35.9% | +19.1% |
| P/E | — | 72.0 |
| P/B | 86.75 | 74.33 |
| P/S | 1.63 | 3.50 |
| EV/EBITDA | 27.7 | 21.0 |
| Revenue growth | +12.7% | +2.9% |
| Operating margin | -9.8% | 6.5% |
| Net margin | 0.3% | 4.8% |
| Return on equity | 17.4% | 102.1% |
| Return on assets | 0.3% | 2.5% |
| Return on invested capital | 8.4% | 15.7% |
| FCF yield | 2.9% | 9.6% |
| Debt / equity | 13.93 | 12.04 |
| Current ratio | 0.88 | 0.72 |
| Altman Z (solvency) | 6.78 | 1.70 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.