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Side-by-side financial comparison of Claritev Corp (CTEV) 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 $246.6M, roughly 1.6× Claritev Corp). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs -32.7%, a 34.7% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 6.2%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $31.6M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
CTEV vs MSGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $403.4M |
| Net Profit | $-80.6M | $8.2M |
| Gross Margin | — | — |
| Operating Margin | -3.1% | 5.5% |
| Net Margin | -32.7% | 2.0% |
| Revenue YoY | 6.2% | 12.8% |
| Net Profit YoY | 41.6% | 641.9% |
| EPS (diluted) | $-4.88 | $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 | $246.6M | $403.4M | ||
| Q3 25 | $246.0M | $39.5M | ||
| Q2 25 | $241.6M | $204.0M | ||
| Q1 25 | $231.3M | $424.2M | ||
| Q4 24 | $232.1M | $357.8M | ||
| Q3 24 | $230.5M | $53.3M | ||
| Q2 24 | $233.5M | $227.3M | ||
| Q1 24 | $234.5M | $430.0M |
| Q4 25 | $-80.6M | $8.2M | ||
| Q3 25 | $-69.8M | $-8.8M | ||
| Q2 25 | $-62.6M | $-1.8M | ||
| Q1 25 | $-71.3M | $-14.2M | ||
| Q4 24 | $-138.0M | $1.1M | ||
| Q3 24 | $-391.4M | $-7.5M | ||
| Q2 24 | $-576.7M | $25.5M | ||
| Q1 24 | $-539.7M | $37.9M |
| Q4 25 | -3.1% | 5.5% | ||
| Q3 25 | 4.1% | -69.5% | ||
| Q2 25 | 6.9% | -11.1% | ||
| Q1 25 | 4.2% | 7.6% | ||
| Q4 24 | -17.8% | 3.7% | ||
| Q3 24 | -146.7% | -15.5% | ||
| Q2 24 | -224.4% | 23.0% | ||
| Q1 24 | -207.4% | 18.5% |
| Q4 25 | -32.7% | 2.0% | ||
| Q3 25 | -28.4% | -22.3% | ||
| Q2 25 | -25.9% | -0.9% | ||
| Q1 25 | -30.8% | -3.4% | ||
| Q4 24 | -59.4% | 0.3% | ||
| Q3 24 | -169.8% | -14.1% | ||
| Q2 24 | -247.0% | 11.2% | ||
| Q1 24 | -230.1% | 8.8% |
| Q4 25 | $-4.88 | $0.34 | ||
| Q3 25 | $-4.23 | $-0.37 | ||
| Q2 25 | $-3.81 | $-0.08 | ||
| Q1 25 | $-4.38 | $-0.59 | ||
| Q4 24 | $-8.49 | $0.05 | ||
| Q3 24 | $-24.25 | $-0.31 | ||
| Q2 24 | $-35.78 | $1.07 | ||
| Q1 24 | $-33.40 | $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 | $16.8M | $81.3M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $-173.9M | $-282.1M |
| Total Assets | $4.9B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | $81.3M | ||
| Q3 25 | $39.2M | $48.6M | ||
| Q2 25 | $56.4M | $144.6M | ||
| Q1 25 | $23.1M | $96.5M | ||
| Q4 24 | $16.8M | $107.8M | ||
| Q3 24 | $86.6M | $52.3M | ||
| Q2 24 | $48.8M | $89.1M | ||
| Q1 24 | $58.7M | $40.0M |
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-173.9M | $-282.1M | ||
| Q3 25 | $-101.8M | $-294.2M | ||
| Q2 25 | $-39.9M | $-281.4M | ||
| Q1 25 | $14.8M | $-283.4M | ||
| Q4 24 | $84.0M | $-273.1M | ||
| Q3 24 | $207.6M | $-277.5M | ||
| Q2 24 | $603.4M | $-266.3M | ||
| Q1 24 | $1.2B | $-294.0M |
| Q4 25 | $4.9B | $1.5B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $5.1B | $1.5B | ||
| Q1 25 | $5.1B | $1.5B | ||
| Q4 24 | $5.2B | $1.4B | ||
| Q3 24 | $5.3B | $1.4B | ||
| Q2 24 | $5.7B | $1.3B | ||
| Q1 24 | $6.4B | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — | ||
| Q1 24 | 3.85× | — |
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 | $66.3M | $32.4M |
| Free Cash FlowOCF − Capex | $36.4M | $31.6M |
| FCF MarginFCF / Revenue | 14.8% | 7.8% |
| Capex IntensityCapex / Revenue | 12.1% | 0.2% |
| Cash ConversionOCF / Net Profit | — | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | $32.4M | ||
| Q3 25 | $19.9M | $-85.0M | ||
| Q2 25 | $61.2M | $49.7M | ||
| Q1 25 | $-30.1M | $6.3M | ||
| Q4 24 | $-33.4M | $61.8M | ||
| Q3 24 | $72.8M | $-26.2M | ||
| Q2 24 | $18.5M | $108.4M | ||
| Q1 24 | $49.7M | $4.0M |
| Q4 25 | $36.4M | $31.6M | ||
| Q3 25 | $-16.3M | $-85.3M | ||
| Q2 25 | $36.6M | $49.4M | ||
| Q1 25 | $-68.9M | $3.9M | ||
| Q4 24 | $-63.8M | $61.2M | ||
| Q3 24 | $41.1M | $-26.5M | ||
| Q2 24 | $-7.0M | $108.0M | ||
| Q1 24 | $19.2M | $3.9M |
| Q4 25 | 14.8% | 7.8% | ||
| Q3 25 | -6.6% | -216.3% | ||
| Q2 25 | 15.2% | 24.2% | ||
| Q1 25 | -29.8% | 0.9% | ||
| Q4 24 | -27.5% | 17.1% | ||
| Q3 24 | 17.8% | -49.7% | ||
| Q2 24 | -3.0% | 47.5% | ||
| Q1 24 | 8.2% | 0.9% |
| Q4 25 | 12.1% | 0.2% | ||
| Q3 25 | 14.7% | 0.9% | ||
| Q2 25 | 10.2% | 0.2% | ||
| Q1 25 | 16.8% | 0.6% | ||
| Q4 24 | 13.1% | 0.1% | ||
| Q3 24 | 13.8% | 0.7% | ||
| Q2 24 | 10.9% | 0.2% | ||
| Q1 24 | 13.0% | 0.0% |
| Q4 25 | — | 3.94× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 55.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.25× | ||
| Q1 24 | — | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTEV
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% |
