vs
Side-by-side financial comparison of DiamondRock Hospitality Co (DRH) 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 $274.5M, roughly 1.5× DiamondRock Hospitality Co). DiamondRock Hospitality Co runs the higher net margin — 9.5% vs 2.0%, a 7.5% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs -1.6%). DiamondRock Hospitality Co produced more free cash flow last quarter ($47.3M vs $31.6M). Over the past eight quarters, DiamondRock Hospitality Co's revenue compounded faster (3.5% CAGR vs -3.1%).
DiamondRock Hospitality Co is a US-based real estate investment trust owning and operating a portfolio of premium upscale hotels and resorts. Its properties are mainly located in major urban tourist and business hubs nationwide, catering to both leisure and corporate clientele seeking high-quality accommodation services.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
DRH vs MSGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $274.5M | $403.4M |
| Net Profit | $26.2M | $8.2M |
| Gross Margin | — | — |
| Operating Margin | 8.9% | 5.5% |
| Net Margin | 9.5% | 2.0% |
| Revenue YoY | -1.6% | 12.8% |
| Net Profit YoY | 333.2% | 641.9% |
| EPS (diluted) | $0.12 | $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 | $274.5M | $403.4M | ||
| Q3 25 | $285.4M | $39.5M | ||
| Q2 25 | $305.7M | $204.0M | ||
| Q1 25 | $254.9M | $424.2M | ||
| Q4 24 | $279.1M | $357.8M | ||
| Q3 24 | $285.1M | $53.3M | ||
| Q2 24 | $309.3M | $227.3M | ||
| Q1 24 | $256.4M | $430.0M |
| Q4 25 | $26.2M | $8.2M | ||
| Q3 25 | $22.5M | $-8.8M | ||
| Q2 25 | $40.8M | $-1.8M | ||
| Q1 25 | $11.9M | $-14.2M | ||
| Q4 24 | $-11.2M | $1.1M | ||
| Q3 24 | $26.4M | $-7.5M | ||
| Q2 24 | $24.5M | $25.5M | ||
| Q1 24 | $8.3M | $37.9M |
| Q4 25 | 8.9% | 5.5% | ||
| Q3 25 | 8.1% | -69.5% | ||
| Q2 25 | 13.7% | -11.1% | ||
| Q1 25 | 4.3% | 7.6% | ||
| Q4 24 | -3.7% | 3.7% | ||
| Q3 24 | 9.5% | -15.5% | ||
| Q2 24 | 8.4% | 23.0% | ||
| Q1 24 | 2.8% | 18.5% |
| Q4 25 | 9.5% | 2.0% | ||
| Q3 25 | 7.9% | -22.3% | ||
| Q2 25 | 13.4% | -0.9% | ||
| Q1 25 | 4.7% | -3.4% | ||
| Q4 24 | -4.0% | 0.3% | ||
| Q3 24 | 9.3% | -14.1% | ||
| Q2 24 | 7.9% | 11.2% | ||
| Q1 24 | 3.2% | 8.8% |
| Q4 25 | $0.12 | $0.34 | ||
| Q3 25 | $0.10 | $-0.37 | ||
| Q2 25 | $0.18 | $-0.08 | ||
| Q1 25 | $0.04 | $-0.59 | ||
| Q4 24 | $-0.06 | $0.05 | ||
| Q3 24 | $0.11 | $-0.31 | ||
| Q2 24 | $0.10 | $1.07 | ||
| Q1 24 | $0.03 | $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 | $68.1M | $81.3M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.4B | $-282.1M |
| Total Assets | $3.0B | $1.5B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.1M | $81.3M | ||
| Q3 25 | $145.3M | $48.6M | ||
| Q2 25 | $52.4M | $144.6M | ||
| Q1 25 | $100.6M | $96.5M | ||
| Q4 24 | $81.4M | $107.8M | ||
| Q3 24 | $75.3M | $52.3M | ||
| Q2 24 | $125.2M | $89.1M | ||
| Q1 24 | $120.1M | $40.0M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $1.4B | $-282.1M | ||
| Q3 25 | $1.6B | $-294.2M | ||
| Q2 25 | $1.6B | $-281.4M | ||
| Q1 25 | $1.6B | $-283.4M | ||
| Q4 24 | $1.6B | $-273.1M | ||
| Q3 24 | $1.6B | $-277.5M | ||
| Q2 24 | $1.6B | $-266.3M | ||
| Q1 24 | $1.6B | $-294.0M |
| Q4 25 | $3.0B | $1.5B | ||
| Q3 25 | $3.1B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $3.2B | $1.4B |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.72× | — |
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 | $67.9M | $32.4M |
| Free Cash FlowOCF − Capex | $47.3M | $31.6M |
| FCF MarginFCF / Revenue | 17.2% | 7.8% |
| Capex IntensityCapex / Revenue | 7.5% | 0.2% |
| Cash ConversionOCF / Net Profit | 2.59× | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | $162.1M | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.9M | $32.4M | ||
| Q3 25 | $74.6M | $-85.0M | ||
| Q2 25 | $73.6M | $49.7M | ||
| Q1 25 | $27.6M | $6.3M | ||
| Q4 24 | $75.8M | $61.8M | ||
| Q3 24 | $61.7M | $-26.2M | ||
| Q2 24 | $55.7M | $108.4M | ||
| Q1 24 | $31.2M | $4.0M |
| Q4 25 | $47.3M | $31.6M | ||
| Q3 25 | $54.9M | $-85.3M | ||
| Q2 25 | $57.9M | $49.4M | ||
| Q1 25 | $2.0M | $3.9M | ||
| Q4 24 | $52.6M | $61.2M | ||
| Q3 24 | $39.0M | $-26.5M | ||
| Q2 24 | $38.8M | $108.0M | ||
| Q1 24 | $12.4M | $3.9M |
| Q4 25 | 17.2% | 7.8% | ||
| Q3 25 | 19.2% | -216.3% | ||
| Q2 25 | 18.9% | 24.2% | ||
| Q1 25 | 0.8% | 0.9% | ||
| Q4 24 | 18.9% | 17.1% | ||
| Q3 24 | 13.7% | -49.7% | ||
| Q2 24 | 12.5% | 47.5% | ||
| Q1 24 | 4.8% | 0.9% |
| Q4 25 | 7.5% | 0.2% | ||
| Q3 25 | 6.9% | 0.9% | ||
| Q2 25 | 5.1% | 0.2% | ||
| Q1 25 | 10.0% | 0.6% | ||
| Q4 24 | 8.3% | 0.1% | ||
| Q3 24 | 7.9% | 0.7% | ||
| Q2 24 | 5.5% | 0.2% | ||
| Q1 24 | 7.4% | 0.0% |
| Q4 25 | 2.59× | 3.94× | ||
| Q3 25 | 3.31× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 2.33× | — | ||
| Q4 24 | — | 55.61× | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 2.27× | 4.25× | ||
| Q1 24 | 3.75× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DRH
| Occupancy | $178.2M | 65% |
| Food And Beverage | $68.7M | 25% |
| Hotel Owned | $27.7M | 10% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
