MSGKMSG Knickerbockers Corp.
Services-Miscellaneous Amusement & Recreation
- Revenue
- $1.2B
- 11% YoY
- Operating margin
- 2.5%
- 76% YoY
- EBITDA
- $32M
- 78% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.4×
- $77M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear808% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear15% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $821M | $887M | $1.0B | $1.0B | $1.2B | 11% |
| Operating income | $86M | $85M | $146M | $15M | $29M | 95% |
| Net income | $49M | $46M | $59M | −$22M | $8M | 135% |
| Operating cash flow | $178M | $152M | $92M | $92M | $63M | 32% |
| Capex | $932K | $1M | $1M | $4M | $1M | 61% |
| Stock-based comp | $24M | $25M | $21M | $18M | $22M | 20% |
| Dividends | $0 | $171M | $701K | $633K | $472K | 25% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $247K · 1
- Net
- −$247K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 244 | 57 |
| FY2025 | — | — | 127 | 67 |
| FY2024 | — | — | 114 | 59 |
| FY2023 | — | — | 114 | 58 |
| FY2022 | — | — | 88 | 58 |