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Side-by-side financial comparison of Five9, Inc. (FIVN) 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 $300.3M, roughly 1.4× Five9, Inc.). On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 7.8%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 10.3%).

Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.

FIVN vs MSGE — Head-to-Head

Bigger by revenue
MSGE
MSGE
1.4× larger
MSGE
$424.8M
$300.3M
FIVN
Growing faster (revenue YoY)
MSGE
MSGE
+4.7% gap
MSGE
12.5%
7.8%
FIVN
Faster 2-yr revenue CAGR
MSGE
MSGE
Annualised
MSGE
48.9%
10.3%
FIVN

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FIVN
FIVN
MSGE
MSGE
Revenue
$300.3M
$424.8M
Net Profit
$92.7M
Gross Margin
55.4%
Operating Margin
6.6%
38.6%
Net Margin
21.8%
Revenue YoY
7.8%
12.5%
Net Profit YoY
22.2%
EPS (diluted)
$0.22
$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
FIVN
FIVN
MSGE
MSGE
Q4 25
$300.3M
$424.8M
Q3 25
$285.8M
$154.1M
Q2 25
$283.3M
$145.1M
Q1 25
$279.7M
$206.0M
Q4 24
$278.7M
$377.6M
Q3 24
$264.2M
$134.1M
Q2 24
$252.1M
$177.6M
Q1 24
$247.0M
$191.6M
Net Profit
FIVN
FIVN
MSGE
MSGE
Q4 25
$92.7M
Q3 25
$18.0M
$-21.7M
Q2 25
$1.2M
$-27.2M
Q1 25
$576.0K
$8.0M
Q4 24
$75.9M
Q3 24
$-4.5M
$-19.3M
Q2 24
$-12.8M
$66.9M
Q1 24
$-7.1M
$2.8M
Gross Margin
FIVN
FIVN
MSGE
MSGE
Q4 25
55.4%
Q3 25
55.0%
Q2 25
54.9%
Q1 25
55.0%
Q4 24
56.0%
Q3 24
53.8%
Q2 24
53.0%
Q1 24
53.6%
Operating Margin
FIVN
FIVN
MSGE
MSGE
Q4 25
6.6%
38.6%
Q3 25
5.6%
-19.3%
Q2 25
-0.6%
-17.7%
Q1 25
-1.9%
13.3%
Q4 24
1.5%
36.8%
Q3 24
-5.8%
-13.8%
Q2 24
-7.7%
-5.0%
Q1 24
-8.4%
8.8%
Net Margin
FIVN
FIVN
MSGE
MSGE
Q4 25
21.8%
Q3 25
6.3%
-14.0%
Q2 25
0.4%
-18.7%
Q1 25
0.2%
3.9%
Q4 24
20.1%
Q3 24
-1.7%
-14.4%
Q2 24
-5.1%
37.7%
Q1 24
-2.9%
1.5%
EPS (diluted)
FIVN
FIVN
MSGE
MSGE
Q4 25
$0.22
$1.94
Q3 25
$0.21
$-0.46
Q2 25
$0.01
$-0.56
Q1 25
$0.01
$0.17
Q4 24
$0.16
$1.56
Q3 24
$-0.06
$-0.40
Q2 24
$-0.17
$1.32
Q1 24
$-0.10
$0.06

Balance Sheet & Financial Strength

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

Metric
FIVN
FIVN
MSGE
MSGE
Cash + ST InvestmentsLiquidity on hand
$232.1M
$157.1M
Total DebtLower is stronger
$554.6M
Stockholders' EquityBook value
$785.8M
$36.0M
Total Assets
$1.8B
$1.8B
Debt / EquityLower = less leverage
15.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVN
FIVN
MSGE
MSGE
Q4 25
$232.1M
$157.1M
Q3 25
$193.4M
$29.9M
Q2 25
$205.5M
$43.0M
Q1 25
$370.3M
$89.0M
Q4 24
$362.5M
$54.9M
Q3 24
$291.0M
$37.3M
Q2 24
$175.7M
$33.3M
Q1 24
$240.2M
$28.0M
Total Debt
FIVN
FIVN
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
FIVN
FIVN
MSGE
MSGE
Q4 25
$785.8M
$36.0M
Q3 25
$775.3M
$-65.8M
Q2 25
$717.4M
$-13.3M
Q1 25
$664.3M
$9.5M
Q4 24
$622.2M
$10.3M
Q3 24
$565.6M
$-48.7M
Q2 24
$525.9M
$-23.2M
Q1 24
$483.6M
$-94.6M
Total Assets
FIVN
FIVN
MSGE
MSGE
Q4 25
$1.8B
$1.8B
Q3 25
$1.8B
$1.7B
Q2 25
$1.7B
$1.7B
Q1 25
$2.1B
$1.7B
Q4 24
$2.1B
$1.6B
Q3 24
$2.0B
$1.6B
Q2 24
$1.9B
$1.6B
Q1 24
$1.9B
$1.5B
Debt / Equity
FIVN
FIVN
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
FIVN
FIVN
MSGE
MSGE
Operating Cash FlowLast quarter
$83.6M
$164.4M
Free Cash FlowOCF − Capex
$77.3M
FCF MarginFCF / Revenue
25.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
1.77×
TTM Free Cash FlowTrailing 4 quarters
$201.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVN
FIVN
MSGE
MSGE
Q4 25
$83.6M
$164.4M
Q3 25
$59.2M
$19.8M
Q2 25
$35.1M
$-27.0M
Q1 25
$48.4M
$56.8M
Q4 24
$49.8M
$112.9M
Q3 24
$41.1M
$-27.4M
Q2 24
$19.9M
$212.0K
Q1 24
$32.4M
$5.8M
Free Cash Flow
FIVN
FIVN
MSGE
MSGE
Q4 25
$77.3M
Q3 25
$48.7M
Q2 25
$31.6M
Q1 25
$43.7M
Q4 24
$40.5M
Q3 24
$26.7M
Q2 24
$13.1M
Q1 24
$20.4M
FCF Margin
FIVN
FIVN
MSGE
MSGE
Q4 25
25.8%
Q3 25
17.0%
Q2 25
11.1%
Q1 25
15.6%
Q4 24
14.5%
Q3 24
10.1%
Q2 24
5.2%
Q1 24
8.3%
Capex Intensity
FIVN
FIVN
MSGE
MSGE
Q4 25
2.1%
Q3 25
3.7%
Q2 25
1.2%
Q1 25
1.7%
Q4 24
3.3%
Q3 24
5.4%
Q2 24
2.7%
Q1 24
4.8%
Cash Conversion
FIVN
FIVN
MSGE
MSGE
Q4 25
1.77×
Q3 25
3.29×
Q2 25
30.38×
Q1 25
84.00×
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

FIVN
FIVN

Segment breakdown not available.

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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