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Side-by-side financial comparison of BankUnited, Inc. (BKU) and Madison Square Garden Sports Corp. (MSGS). Click either name above to swap in a different company.
Madison Square Garden Sports Corp. is the larger business by last-quarter revenue ($403.4M vs $288.2M, roughly 1.4× BankUnited, Inc.). On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 9.0%). Over the past eight quarters, BankUnited, Inc.'s revenue compounded faster (9.2% CAGR vs -3.1%).
BankUnited, Inc. is the bank holding company of BankUnited, N.A., a national bank founded in 1984 and headquartered in Miami Lakes, Florida. The company operates in Florida; the regions in and around Atlanta, Georgia; Dallas, Texas; Morristown, New Jersey; Charlotte, North Carolina; and in the New York metropolitan area. BankUnited also offers certain commercial lending and deposit products through national platforms and has total assets of $35.0 billion as of December 31, 2025
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
BKU vs MSGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $288.2M | $403.4M |
| Net Profit | — | $8.2M |
| Gross Margin | — | — |
| Operating Margin | 31.2% | 5.5% |
| Net Margin | — | 2.0% |
| Revenue YoY | 9.0% | 12.8% |
| Net Profit YoY | — | 641.9% |
| EPS (diluted) | $0.89 | $0.34 |
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.
| Q4 25 | $288.2M | $403.4M | ||
| Q3 25 | $275.7M | $39.5M | ||
| Q2 25 | $273.9M | $204.0M | ||
| Q1 25 | $255.4M | $424.2M | ||
| Q4 24 | $264.5M | $357.8M | ||
| Q3 24 | $257.0M | $53.3M | ||
| Q2 24 | $250.2M | $227.3M | ||
| Q1 24 | $241.7M | $430.0M |
| Q4 25 | — | $8.2M | ||
| Q3 25 | $71.9M | $-8.8M | ||
| Q2 25 | $68.8M | $-1.8M | ||
| Q1 25 | $58.5M | $-14.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $61.5M | $-7.5M | ||
| Q2 24 | $53.7M | $25.5M | ||
| Q1 24 | $48.0M | $37.9M |
| Q4 25 | 31.2% | 5.5% | ||
| Q3 25 | 35.5% | -69.5% | ||
| Q2 25 | 34.3% | -11.1% | ||
| Q1 25 | 31.4% | 7.6% | ||
| Q4 24 | 35.2% | 3.7% | ||
| Q3 24 | 32.4% | -15.5% | ||
| Q2 24 | 29.2% | 23.0% | ||
| Q1 24 | 27.8% | 18.5% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 26.1% | -22.3% | ||
| Q2 25 | 25.1% | -0.9% | ||
| Q1 25 | 22.9% | -3.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 23.9% | -14.1% | ||
| Q2 24 | 21.5% | 11.2% | ||
| Q1 24 | 19.8% | 8.8% |
| Q4 25 | $0.89 | $0.34 | ||
| Q3 25 | $0.95 | $-0.37 | ||
| Q2 25 | $0.91 | $-0.08 | ||
| Q1 25 | $0.78 | $-0.59 | ||
| Q4 24 | $0.91 | $0.05 | ||
| Q3 24 | $0.81 | $-0.31 | ||
| Q2 24 | $0.72 | $1.07 | ||
| Q1 24 | $0.64 | $1.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $217.8M | $81.3M |
| Total DebtLower is stronger | $319.7M | — |
| Stockholders' EquityBook value | $3.1B | $-282.1M |
| Total Assets | $35.0B | $1.5B |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.8M | $81.3M | ||
| Q3 25 | $559.5M | $48.6M | ||
| Q2 25 | $801.3M | $144.6M | ||
| Q1 25 | $443.7M | $96.5M | ||
| Q4 24 | $491.1M | $107.8M | ||
| Q3 24 | $889.9M | $52.3M | ||
| Q2 24 | $433.5M | $89.1M | ||
| Q1 24 | $421.2M | $40.0M |
| Q4 25 | $319.7M | — | ||
| Q3 25 | $320.4M | — | ||
| Q2 25 | $708.9M | — | ||
| Q1 25 | $709.1M | — | ||
| Q4 24 | $708.6M | — | ||
| Q3 24 | $708.7M | — | ||
| Q2 24 | $708.8M | — | ||
| Q1 24 | $709.0M | — |
| Q4 25 | $3.1B | $-282.1M | ||
| Q3 25 | $3.0B | $-294.2M | ||
| Q2 25 | $3.0B | $-281.4M | ||
| Q1 25 | $2.9B | $-283.4M | ||
| Q4 24 | $2.8B | $-273.1M | ||
| Q3 24 | $2.8B | $-277.5M | ||
| Q2 24 | $2.7B | $-266.3M | ||
| Q1 24 | $2.6B | $-294.0M |
| Q4 25 | $35.0B | $1.5B | ||
| Q3 25 | $35.1B | $1.5B | ||
| Q2 25 | $35.5B | $1.5B | ||
| Q1 25 | $34.8B | $1.5B | ||
| Q4 24 | $35.2B | $1.4B | ||
| Q3 24 | $35.8B | $1.4B | ||
| Q2 24 | $35.4B | $1.3B | ||
| Q1 24 | $35.1B | $1.4B |
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.26× | — | ||
| Q1 24 | 0.27× | — |
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 | $358.6M | $32.4M |
| Free Cash FlowOCF − Capex | — | $31.6M |
| FCF MarginFCF / Revenue | — | 7.8% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $358.6M | $32.4M | ||
| Q3 25 | $99.7M | $-85.0M | ||
| Q2 25 | $117.6M | $49.7M | ||
| Q1 25 | $16.4M | $6.3M | ||
| Q4 24 | $433.8M | $61.8M | ||
| Q3 24 | $46.1M | $-26.2M | ||
| Q2 24 | $135.7M | $108.4M | ||
| Q1 24 | $66.5M | $4.0M |
| Q4 25 | — | $31.6M | ||
| Q3 25 | — | $-85.3M | ||
| Q2 25 | — | $49.4M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $61.2M | ||
| Q3 24 | — | $-26.5M | ||
| Q2 24 | — | $108.0M | ||
| Q1 24 | — | $3.9M |
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | -216.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | -49.7% | ||
| Q2 24 | — | 47.5% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | 3.94× | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | — | 55.61× | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 2.53× | 4.25× | ||
| Q1 24 | 1.39× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKU
Segment breakdown not available.
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
