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Side-by-side financial comparison of Autohome Inc. (ATHM) and Madison Square Garden Entertainment Corp. (MSGE). Click either name above to swap in a different company.

Madison Square Garden Entertainment Corp. is the larger business by last-quarter revenue ($424.8M vs $249.8M, roughly 1.7× Autohome Inc.). Autohome Inc. runs the higher net margin — 23.8% vs 21.8%, a 2.0% gap on every dollar of revenue. Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs -0.6%).

Autohome Inc. is a leading online destination for automobile consumers in China. Through its websites and mobile apps, it provides professionally produced content, user-generated content, comprehensive vehicle listings, and a suite of services for dealers, automakers, and car buyers, including new and used car listings, financing, insurance, and online transactions.

ATHM vs MSGE — Head-to-Head

Bigger by revenue
MSGE
MSGE
1.7× larger
MSGE
$424.8M
$249.8M
ATHM
Higher net margin
ATHM
ATHM
2.0% more per $
ATHM
23.8%
21.8%
MSGE
Faster 2-yr revenue CAGR
MSGE
MSGE
Annualised
MSGE
48.9%
-0.6%
ATHM

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
ATHM
ATHM
MSGE
MSGE
Revenue
$249.8M
$424.8M
Net Profit
$59.4M
$92.7M
Gross Margin
63.7%
Operating Margin
8.3%
38.6%
Net Margin
23.8%
21.8%
Revenue YoY
12.5%
Net Profit YoY
22.2%
EPS (diluted)
$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.

Revenue
ATHM
ATHM
MSGE
MSGE
Q4 25
$424.8M
Q3 25
$249.8M
$154.1M
Q2 25
$245.4M
$145.1M
Q1 25
$244.3M
$206.0M
Q4 24
$377.6M
Q3 24
$252.9M
$134.1M
Q2 24
$257.7M
$177.6M
Q1 24
$222.9M
$191.6M
Net Profit
ATHM
ATHM
MSGE
MSGE
Q4 25
$92.7M
Q3 25
$59.4M
$-21.7M
Q2 25
$56.0M
$-27.2M
Q1 25
$8.0M
Q4 24
$75.9M
Q3 24
$61.0M
$-19.3M
Q2 24
$69.3M
$66.9M
Q1 24
$52.4M
$2.8M
Gross Margin
ATHM
ATHM
MSGE
MSGE
Q4 25
Q3 25
63.7%
Q2 25
71.4%
Q1 25
Q4 24
Q3 24
77.0%
Q2 24
81.5%
Q1 24
81.3%
Operating Margin
ATHM
ATHM
MSGE
MSGE
Q4 25
38.6%
Q3 25
8.3%
-19.3%
Q2 25
16.9%
-17.7%
Q1 25
13.0%
13.3%
Q4 24
36.8%
Q3 24
4.7%
-13.8%
Q2 24
22.0%
-5.0%
Q1 24
17.2%
8.8%
Net Margin
ATHM
ATHM
MSGE
MSGE
Q4 25
21.8%
Q3 25
23.8%
-14.0%
Q2 25
22.8%
-18.7%
Q1 25
3.9%
Q4 24
20.1%
Q3 24
24.1%
-14.4%
Q2 24
26.9%
37.7%
Q1 24
23.5%
1.5%
EPS (diluted)
ATHM
ATHM
MSGE
MSGE
Q4 25
$1.94
Q3 25
$-0.46
Q2 25
$-0.56
Q1 25
$0.17
Q4 24
$1.56
Q3 24
$-0.40
Q2 24
$1.32
Q1 24
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHM
ATHM
MSGE
MSGE
Cash + ST InvestmentsLiquidity on hand
$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.

Cash + ST Investments
ATHM
ATHM
MSGE
MSGE
Q4 25
$157.1M
Q3 25
$29.9M
Q2 25
$43.0M
Q1 25
$89.0M
Q4 24
$54.9M
Q3 24
$37.3M
Q2 24
$33.3M
Q1 24
$28.0M
Total Debt
ATHM
ATHM
MSGE
MSGE
Q4 25
$554.6M
Q3 25
$581.7M
Q2 25
$568.8M
Q1 25
$577.4M
Q4 24
$584.7M
Q3 24
$647.0M
Q2 24
$599.2M
Q1 24
$602.5M
Stockholders' Equity
ATHM
ATHM
MSGE
MSGE
Q4 25
$36.0M
Q3 25
$-65.8M
Q2 25
$-13.3M
Q1 25
$9.5M
Q4 24
$10.3M
Q3 24
$-48.7M
Q2 24
$-23.2M
Q1 24
$-94.6M
Total Assets
ATHM
ATHM
MSGE
MSGE
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Debt / Equity
ATHM
ATHM
MSGE
MSGE
Q4 25
15.40×
Q3 25
Q2 25
Q1 25
60.61×
Q4 24
56.61×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHM
ATHM
MSGE
MSGE
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.

Operating Cash Flow
ATHM
ATHM
MSGE
MSGE
Q4 25
$164.4M
Q3 25
$19.8M
Q2 25
$-27.0M
Q1 25
$56.8M
Q4 24
$112.9M
Q3 24
$-27.4M
Q2 24
$212.0K
Q1 24
$5.8M
Cash Conversion
ATHM
ATHM
MSGE
MSGE
Q4 25
1.77×
Q3 25
Q2 25
Q1 25
7.07×
Q4 24
1.49×
Q3 24
Q2 24
0.00×
Q1 24
2.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATHM
ATHM

Online marketplace and others$114.7M46%
Leads generation services$93.2M37%
Media services$41.9M17%

MSGE
MSGE

Ticketing And Venue License Fee Revenues$263.5M62%
Food Beverage And Merchandise Revenues$64.3M15%
Related Party$43.9M10%
Arena Licensing Fees And Other Leasing Revenue$35.2M8%
Other$15.9M4%

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