vs
Side-by-side financial comparison of Allegiant Travel CO (ALGT) and Madison Square Garden Entertainment Corp. (MSGE). Click either name above to swap in a different company.
Allegiant Travel CO is the larger business by last-quarter revenue ($732.4M vs $424.8M, roughly 1.7× Madison Square Garden Entertainment Corp.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 5.8%, a 16.0% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 4.8%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 11.0%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
ALGT vs MSGE — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $424.8M |
| Net Profit | $42.5M | $92.7M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | 38.6% |
| Net Margin | 5.8% | 21.8% |
| Revenue YoY | 4.8% | 12.5% |
| Net Profit YoY | 32.4% | 22.2% |
| EPS (diluted) | $2.30 | $1.94 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $732.4M | — | ||
| Q4 25 | $595.5M | $424.8M | ||
| Q3 25 | $494.1M | $154.1M | ||
| Q2 25 | $617.9M | $145.1M | ||
| Q1 25 | $616.8M | $206.0M | ||
| Q4 24 | $553.6M | $377.6M | ||
| Q3 24 | $489.0M | $134.1M | ||
| Q2 24 | $594.5M | $177.6M |
| Q1 26 | $42.5M | — | ||
| Q4 25 | $31.9M | $92.7M | ||
| Q3 25 | $-43.6M | $-21.7M | ||
| Q2 25 | $-65.2M | $-27.2M | ||
| Q1 25 | $32.1M | $8.0M | ||
| Q4 24 | $-216.2M | $75.9M | ||
| Q3 24 | $-36.8M | $-19.3M | ||
| Q2 24 | $13.7M | $66.9M |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 11.2% | 38.6% | ||
| Q3 25 | -5.5% | -19.3% | ||
| Q2 25 | -10.9% | -17.7% | ||
| Q1 25 | 10.5% | 13.3% | ||
| Q4 24 | -47.7% | 36.8% | ||
| Q3 24 | -5.4% | -13.8% | ||
| Q2 24 | 5.9% | -5.0% |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.4% | 21.8% | ||
| Q3 25 | -8.8% | -14.0% | ||
| Q2 25 | -10.5% | -18.7% | ||
| Q1 25 | 5.2% | 3.9% | ||
| Q4 24 | -39.1% | 20.1% | ||
| Q3 24 | -7.5% | -14.4% | ||
| Q2 24 | 2.3% | 37.7% |
| Q1 26 | $2.30 | — | ||
| Q4 25 | $1.82 | $1.94 | ||
| Q3 25 | $-2.41 | $-0.46 | ||
| Q2 25 | $-3.62 | $-0.56 | ||
| Q1 25 | $1.73 | $0.17 | ||
| Q4 24 | $-12.12 | $1.56 | ||
| Q3 24 | $-2.05 | $-0.40 | ||
| Q2 24 | $0.75 | $1.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.1M | $157.1M |
| Total DebtLower is stronger | — | $554.6M |
| Stockholders' EquityBook value | — | $36.0M |
| Total Assets | — | $1.8B |
| Debt / EquityLower = less leverage | — | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $902.1M | — | ||
| Q4 25 | $805.7M | $157.1M | ||
| Q3 25 | $956.7M | $29.9M | ||
| Q2 25 | $842.8M | $43.0M | ||
| Q1 25 | $878.6M | $89.0M | ||
| Q4 24 | $781.1M | $54.9M | ||
| Q3 24 | $759.3M | $37.3M | ||
| Q2 24 | $791.9M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $554.6M | ||
| Q3 25 | $1.8B | $581.7M | ||
| Q2 25 | $1.8B | $568.8M | ||
| Q1 25 | $1.7B | $577.4M | ||
| Q4 24 | $1.6B | $584.7M | ||
| Q3 24 | $1.8B | $647.0M | ||
| Q2 24 | $1.7B | $599.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $36.0M | ||
| Q3 25 | $1.0B | $-65.8M | ||
| Q2 25 | $1.1B | $-13.3M | ||
| Q1 25 | $1.1B | $9.5M | ||
| Q4 24 | $1.1B | $10.3M | ||
| Q3 24 | $1.3B | $-48.7M | ||
| Q2 24 | $1.3B | $-23.2M |
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | $1.8B | ||
| Q3 25 | $4.4B | $1.7B | ||
| Q2 25 | $4.4B | $1.7B | ||
| Q1 25 | $4.5B | $1.7B | ||
| Q4 24 | $4.4B | $1.6B | ||
| Q3 24 | $4.8B | $1.6B | ||
| Q2 24 | $4.9B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 15.40× | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.57× | 60.61× | ||
| Q4 24 | 1.48× | 56.61× | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.30× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $164.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | $164.4M | ||
| Q3 25 | $-6.1M | $19.8M | ||
| Q2 25 | $92.2M | $-27.0M | ||
| Q1 25 | $191.4M | $56.8M | ||
| Q4 24 | $84.4M | $112.9M | ||
| Q3 24 | $17.3M | $-27.4M | ||
| Q2 24 | $68.9M | $212.0K |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | — | ||
| Q3 25 | $-121.7M | — | ||
| Q2 25 | $-10.5M | — | ||
| Q1 25 | $116.9M | — | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $-28.7M | — | ||
| Q2 24 | $7.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | -24.6% | — | ||
| Q2 25 | -1.7% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | -5.9% | — | ||
| Q2 24 | 1.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 16.6% | — | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 10.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | 1.77× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.96× | 7.07× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.03× | 0.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Passenger | $671.8M | 92% |
| Third party products | $42.3M | 6% |
| Fixed fee contracts | $18.1M | 2% |
| Resort and other | $175.0K | 0% |
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
