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Side-by-side financial comparison of COMERICA INC (CMA) and Madison Square Garden Entertainment Corp. (MSGE). Click either name above to swap in a different company.
COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $424.8M, roughly 2.0× Madison Square Garden Entertainment Corp.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 21.0%, a 0.8% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 48.9%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
CMA vs MSGE — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $424.8M |
| Net Profit | $176.0M | $92.7M |
| Gross Margin | — | — |
| Operating Margin | — | 38.6% |
| Net Margin | 21.0% | 21.8% |
| Revenue YoY | 3.3% | 12.5% |
| Net Profit YoY | -4.3% | 22.2% |
| EPS (diluted) | $1.35 | $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.
| Q4 25 | — | $424.8M | ||
| Q3 25 | $838.0M | $154.1M | ||
| Q2 25 | $849.0M | $145.1M | ||
| Q1 25 | $829.0M | $206.0M | ||
| Q4 24 | $825.0M | $377.6M | ||
| Q3 24 | $811.0M | $134.1M | ||
| Q2 24 | $824.0M | $177.6M | ||
| Q1 24 | $784.0M | $191.6M |
| Q4 25 | — | $92.7M | ||
| Q3 25 | $176.0M | $-21.7M | ||
| Q2 25 | $199.0M | $-27.2M | ||
| Q1 25 | $172.0M | $8.0M | ||
| Q4 24 | $170.0M | $75.9M | ||
| Q3 24 | $184.0M | $-19.3M | ||
| Q2 24 | $206.0M | $66.9M | ||
| Q1 24 | $138.0M | $2.8M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | -19.3% | ||
| Q2 25 | — | -17.7% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | — | 36.8% | ||
| Q3 24 | — | -13.8% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 8.8% |
| Q4 25 | — | 21.8% | ||
| Q3 25 | 21.0% | -14.0% | ||
| Q2 25 | 23.4% | -18.7% | ||
| Q1 25 | 20.7% | 3.9% | ||
| Q4 24 | 20.6% | 20.1% | ||
| Q3 24 | 22.7% | -14.4% | ||
| Q2 24 | 25.0% | 37.7% | ||
| Q1 24 | 17.6% | 1.5% |
| Q4 25 | — | $1.94 | ||
| Q3 25 | $1.35 | $-0.46 | ||
| Q2 25 | $1.42 | $-0.56 | ||
| Q1 25 | $1.25 | $0.17 | ||
| Q4 24 | $1.22 | $1.56 | ||
| Q3 24 | $1.33 | $-0.40 | ||
| Q2 24 | $1.49 | $1.32 | ||
| Q1 24 | $0.98 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $157.1M |
| Total DebtLower is stronger | $5.4B | $554.6M |
| Stockholders' EquityBook value | $7.4B | $36.0M |
| Total Assets | $77.4B | $1.8B |
| Debt / EquityLower = less leverage | 0.73× | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| Q4 25 | — | $554.6M | ||
| Q3 25 | $5.4B | $581.7M | ||
| Q2 25 | $5.8B | $568.8M | ||
| Q1 25 | $5.7B | $577.4M | ||
| Q4 24 | $6.7B | $584.7M | ||
| Q3 24 | $6.8B | $647.0M | ||
| Q2 24 | $7.1B | $599.2M | ||
| Q1 24 | $7.1B | $602.5M |
| Q4 25 | — | $36.0M | ||
| Q3 25 | $7.4B | $-65.8M | ||
| Q2 25 | $6.9B | $-13.3M | ||
| Q1 25 | $7.1B | $9.5M | ||
| Q4 24 | $6.5B | $10.3M | ||
| Q3 24 | $7.4B | $-48.7M | ||
| Q2 24 | $6.2B | $-23.2M | ||
| Q1 24 | $6.0B | $-94.6M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $77.4B | $1.7B | ||
| Q2 25 | $78.0B | $1.7B | ||
| Q1 25 | $77.6B | $1.7B | ||
| Q4 24 | $79.3B | $1.6B | ||
| Q3 24 | $79.7B | $1.6B | ||
| Q2 24 | $79.6B | $1.6B | ||
| Q1 24 | $79.4B | $1.5B |
| Q4 25 | — | 15.40× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | 60.61× | ||
| Q4 24 | 1.02× | 56.61× | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
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 | $-270.0M | $164.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -1.53× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $164.4M | ||
| Q3 25 | $-270.0M | $19.8M | ||
| Q2 25 | $476.0M | $-27.0M | ||
| Q1 25 | $273.0M | $56.8M | ||
| Q4 24 | $601.0M | $112.9M | ||
| Q3 24 | $1.0B | $-27.4M | ||
| Q2 24 | $111.0M | $212.0K | ||
| Q1 24 | $-205.0M | $5.8M |
| Q4 25 | — | 1.77× | ||
| Q3 25 | -1.53× | — | ||
| Q2 25 | 2.39× | — | ||
| Q1 25 | 1.59× | 7.07× | ||
| Q4 24 | 3.54× | 1.49× | ||
| Q3 24 | 5.70× | — | ||
| Q2 24 | 0.54× | 0.00× | ||
| Q1 24 | -1.49× | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
Segment breakdown not available.
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% |
