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Side-by-side financial comparison of Five9, Inc. (FIVN) 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 $300.3M, roughly 1.3× Five9, Inc.). On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 7.8%). Five9, Inc. produced more free cash flow last quarter ($77.3M vs $31.6M). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% CAGR vs -3.1%).

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.

Madison Square Garden Sports Corp. is an American sports holding company based in New York City.

FIVN vs MSGS — Head-to-Head

Bigger by revenue
MSGS
MSGS
1.3× larger
MSGS
$403.4M
$300.3M
FIVN
Growing faster (revenue YoY)
MSGS
MSGS
+5.0% gap
MSGS
12.8%
7.8%
FIVN
More free cash flow
FIVN
FIVN
$45.7M more FCF
FIVN
$77.3M
$31.6M
MSGS
Faster 2-yr revenue CAGR
FIVN
FIVN
Annualised
FIVN
10.3%
-3.1%
MSGS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FIVN
FIVN
MSGS
MSGS
Revenue
$300.3M
$403.4M
Net Profit
$8.2M
Gross Margin
55.4%
Operating Margin
6.6%
5.5%
Net Margin
2.0%
Revenue YoY
7.8%
12.8%
Net Profit YoY
641.9%
EPS (diluted)
$0.22
$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.

Revenue
FIVN
FIVN
MSGS
MSGS
Q4 25
$300.3M
$403.4M
Q3 25
$285.8M
$39.5M
Q2 25
$283.3M
$204.0M
Q1 25
$279.7M
$424.2M
Q4 24
$278.7M
$357.8M
Q3 24
$264.2M
$53.3M
Q2 24
$252.1M
$227.3M
Q1 24
$247.0M
$430.0M
Net Profit
FIVN
FIVN
MSGS
MSGS
Q4 25
$8.2M
Q3 25
$18.0M
$-8.8M
Q2 25
$1.2M
$-1.8M
Q1 25
$576.0K
$-14.2M
Q4 24
$1.1M
Q3 24
$-4.5M
$-7.5M
Q2 24
$-12.8M
$25.5M
Q1 24
$-7.1M
$37.9M
Gross Margin
FIVN
FIVN
MSGS
MSGS
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
MSGS
MSGS
Q4 25
6.6%
5.5%
Q3 25
5.6%
-69.5%
Q2 25
-0.6%
-11.1%
Q1 25
-1.9%
7.6%
Q4 24
1.5%
3.7%
Q3 24
-5.8%
-15.5%
Q2 24
-7.7%
23.0%
Q1 24
-8.4%
18.5%
Net Margin
FIVN
FIVN
MSGS
MSGS
Q4 25
2.0%
Q3 25
6.3%
-22.3%
Q2 25
0.4%
-0.9%
Q1 25
0.2%
-3.4%
Q4 24
0.3%
Q3 24
-1.7%
-14.1%
Q2 24
-5.1%
11.2%
Q1 24
-2.9%
8.8%
EPS (diluted)
FIVN
FIVN
MSGS
MSGS
Q4 25
$0.22
$0.34
Q3 25
$0.21
$-0.37
Q2 25
$0.01
$-0.08
Q1 25
$0.01
$-0.59
Q4 24
$0.16
$0.05
Q3 24
$-0.06
$-0.31
Q2 24
$-0.17
$1.07
Q1 24
$-0.10
$1.57

Balance Sheet & Financial Strength

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

Metric
FIVN
FIVN
MSGS
MSGS
Cash + ST InvestmentsLiquidity on hand
$232.1M
$81.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$785.8M
$-282.1M
Total Assets
$1.8B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVN
FIVN
MSGS
MSGS
Q4 25
$232.1M
$81.3M
Q3 25
$193.4M
$48.6M
Q2 25
$205.5M
$144.6M
Q1 25
$370.3M
$96.5M
Q4 24
$362.5M
$107.8M
Q3 24
$291.0M
$52.3M
Q2 24
$175.7M
$89.1M
Q1 24
$240.2M
$40.0M
Stockholders' Equity
FIVN
FIVN
MSGS
MSGS
Q4 25
$785.8M
$-282.1M
Q3 25
$775.3M
$-294.2M
Q2 25
$717.4M
$-281.4M
Q1 25
$664.3M
$-283.4M
Q4 24
$622.2M
$-273.1M
Q3 24
$565.6M
$-277.5M
Q2 24
$525.9M
$-266.3M
Q1 24
$483.6M
$-294.0M
Total Assets
FIVN
FIVN
MSGS
MSGS
Q4 25
$1.8B
$1.5B
Q3 25
$1.8B
$1.5B
Q2 25
$1.7B
$1.5B
Q1 25
$2.1B
$1.5B
Q4 24
$2.1B
$1.4B
Q3 24
$2.0B
$1.4B
Q2 24
$1.9B
$1.3B
Q1 24
$1.9B
$1.4B

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
MSGS
MSGS
Operating Cash FlowLast quarter
$83.6M
$32.4M
Free Cash FlowOCF − Capex
$77.3M
$31.6M
FCF MarginFCF / Revenue
25.8%
7.8%
Capex IntensityCapex / Revenue
2.1%
0.2%
Cash ConversionOCF / Net Profit
3.94×
TTM Free Cash FlowTrailing 4 quarters
$201.2M
$-480.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVN
FIVN
MSGS
MSGS
Q4 25
$83.6M
$32.4M
Q3 25
$59.2M
$-85.0M
Q2 25
$35.1M
$49.7M
Q1 25
$48.4M
$6.3M
Q4 24
$49.8M
$61.8M
Q3 24
$41.1M
$-26.2M
Q2 24
$19.9M
$108.4M
Q1 24
$32.4M
$4.0M
Free Cash Flow
FIVN
FIVN
MSGS
MSGS
Q4 25
$77.3M
$31.6M
Q3 25
$48.7M
$-85.3M
Q2 25
$31.6M
$49.4M
Q1 25
$43.7M
$3.9M
Q4 24
$40.5M
$61.2M
Q3 24
$26.7M
$-26.5M
Q2 24
$13.1M
$108.0M
Q1 24
$20.4M
$3.9M
FCF Margin
FIVN
FIVN
MSGS
MSGS
Q4 25
25.8%
7.8%
Q3 25
17.0%
-216.3%
Q2 25
11.1%
24.2%
Q1 25
15.6%
0.9%
Q4 24
14.5%
17.1%
Q3 24
10.1%
-49.7%
Q2 24
5.2%
47.5%
Q1 24
8.3%
0.9%
Capex Intensity
FIVN
FIVN
MSGS
MSGS
Q4 25
2.1%
0.2%
Q3 25
3.7%
0.9%
Q2 25
1.2%
0.2%
Q1 25
1.7%
0.6%
Q4 24
3.3%
0.1%
Q3 24
5.4%
0.7%
Q2 24
2.7%
0.2%
Q1 24
4.8%
0.0%
Cash Conversion
FIVN
FIVN
MSGS
MSGS
Q4 25
3.94×
Q3 25
3.29×
Q2 25
30.38×
Q1 25
84.00×
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

FIVN
FIVN

Segment breakdown not available.

MSGS
MSGS

Event Related$167.2M41%
Media Rights$122.3M30%
Sponsorship Signage And Suite Licenses$98.5M24%
League Distribution$15.4M4%

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