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Side-by-side financial comparison of Guidewire Software, Inc. (GWRE) 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 $332.6M, roughly 1.2× Guidewire Software, Inc.). Guidewire Software, Inc. runs the higher net margin — 9.4% vs 2.0%, a 7.4% gap on every dollar of revenue. On growth, Guidewire Software, Inc. posted the faster year-over-year revenue change (26.5% vs 12.8%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $-72.3M). Over the past eight quarters, Guidewire Software, Inc.'s revenue compounded faster (17.5% CAGR vs -3.1%).
Guidewire Software, Inc., commonly Guidewire, is an American software company based in San Mateo, California. It offers an industry platform for property and casualty (P&C) insurance carriers in the U.S. and worldwide.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
GWRE vs MSGS — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $332.6M | $403.4M |
| Net Profit | $31.3M | $8.2M |
| Gross Margin | 63.0% | — |
| Operating Margin | 5.6% | 5.5% |
| Net Margin | 9.4% | 2.0% |
| Revenue YoY | 26.5% | 12.8% |
| Net Profit YoY | 242.6% | 641.9% |
| EPS (diluted) | $0.36 | $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 | $332.6M | $403.4M | ||
| Q3 25 | $356.6M | $39.5M | ||
| Q2 25 | $293.5M | $204.0M | ||
| Q1 25 | $289.5M | $424.2M | ||
| Q4 24 | $262.9M | $357.8M | ||
| Q3 24 | $291.5M | $53.3M | ||
| Q2 24 | $240.7M | $227.3M | ||
| Q1 24 | $240.9M | $430.0M |
| Q4 25 | $31.3M | $8.2M | ||
| Q3 25 | $52.0M | $-8.8M | ||
| Q2 25 | $46.0M | $-1.8M | ||
| Q1 25 | $-37.3M | $-14.2M | ||
| Q4 24 | $9.1M | $1.1M | ||
| Q3 24 | $16.8M | $-7.5M | ||
| Q2 24 | $-5.5M | $25.5M | ||
| Q1 24 | $9.7M | $37.9M |
| Q4 25 | 63.0% | — | ||
| Q3 25 | 65.0% | — | ||
| Q2 25 | 62.2% | — | ||
| Q1 25 | 61.9% | — | ||
| Q4 24 | 60.2% | — | ||
| Q3 24 | 64.0% | — | ||
| Q2 24 | 59.1% | — | ||
| Q1 24 | 59.1% | — |
| Q4 25 | 5.6% | 5.5% | ||
| Q3 25 | 8.3% | -69.5% | ||
| Q2 25 | 1.5% | -11.1% | ||
| Q1 25 | 4.0% | 7.6% | ||
| Q4 24 | -1.8% | 3.7% | ||
| Q3 24 | 3.5% | -15.5% | ||
| Q2 24 | -6.9% | 23.0% | ||
| Q1 24 | -5.2% | 18.5% |
| Q4 25 | 9.4% | 2.0% | ||
| Q3 25 | 14.6% | -22.3% | ||
| Q2 25 | 15.7% | -0.9% | ||
| Q1 25 | -12.9% | -3.4% | ||
| Q4 24 | 3.5% | 0.3% | ||
| Q3 24 | 5.7% | -14.1% | ||
| Q2 24 | -2.3% | 11.2% | ||
| Q1 24 | 4.0% | 8.8% |
| Q4 25 | $0.36 | $0.34 | ||
| Q3 25 | $0.61 | $-0.37 | ||
| Q2 25 | $0.54 | $-0.08 | ||
| Q1 25 | $-0.45 | $-0.59 | ||
| Q4 24 | $0.11 | $0.05 | ||
| Q3 24 | $0.21 | $-0.31 | ||
| Q2 24 | $-0.07 | $1.07 | ||
| Q1 24 | $0.12 | $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 | $1.0B | $81.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $-282.1M |
| Total Assets | $2.6B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $81.3M | ||
| Q3 25 | $1.1B | $48.6M | ||
| Q2 25 | $920.4M | $144.6M | ||
| Q1 25 | $1.2B | $96.5M | ||
| Q4 24 | $1.3B | $107.8M | ||
| Q3 24 | $1.0B | $52.3M | ||
| Q2 24 | $782.3M | $89.1M | ||
| Q1 24 | $777.6M | $40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $398.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $-282.1M | ||
| Q3 25 | $1.5B | $-294.2M | ||
| Q2 25 | $1.4B | $-281.4M | ||
| Q1 25 | $1.3B | $-283.4M | ||
| Q4 24 | $1.3B | $-273.1M | ||
| Q3 24 | $1.3B | $-277.5M | ||
| Q2 24 | $1.3B | $-266.3M | ||
| Q1 24 | $1.3B | $-294.0M |
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $2.0B | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.30× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-67.4M | $32.4M |
| Free Cash FlowOCF − Capex | $-72.3M | $31.6M |
| FCF MarginFCF / Revenue | -21.7% | 7.8% |
| Capex IntensityCapex / Revenue | 1.5% | 0.2% |
| Cash ConversionOCF / Net Profit | -2.15× | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | $286.0M | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-67.4M | $32.4M | ||
| Q3 25 | $244.8M | $-85.0M | ||
| Q2 25 | $32.4M | $49.7M | ||
| Q1 25 | $86.0M | $6.3M | ||
| Q4 24 | $-62.3M | $61.8M | ||
| Q3 24 | $193.8M | $-26.2M | ||
| Q2 24 | $4.8M | $108.4M | ||
| Q1 24 | $69.3M | $4.0M |
| Q4 25 | $-72.3M | $31.6M | ||
| Q3 25 | $241.4M | $-85.3M | ||
| Q2 25 | $31.6M | $49.4M | ||
| Q1 25 | $85.2M | $3.9M | ||
| Q4 24 | $-63.1M | $61.2M | ||
| Q3 24 | $192.1M | $-26.5M | ||
| Q2 24 | $4.1M | $108.0M | ||
| Q1 24 | $66.3M | $3.9M |
| Q4 25 | -21.7% | 7.8% | ||
| Q3 25 | 67.7% | -216.3% | ||
| Q2 25 | 10.8% | 24.2% | ||
| Q1 25 | 29.4% | 0.9% | ||
| Q4 24 | -24.0% | 17.1% | ||
| Q3 24 | 65.9% | -49.7% | ||
| Q2 24 | 1.7% | 47.5% | ||
| Q1 24 | 27.5% | 0.9% |
| Q4 25 | 1.5% | 0.2% | ||
| Q3 25 | 1.0% | 0.9% | ||
| Q2 25 | 0.2% | 0.2% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.3% | 0.1% | ||
| Q3 24 | 0.6% | 0.7% | ||
| Q2 24 | 0.3% | 0.2% | ||
| Q1 24 | 1.2% | 0.0% |
| Q4 25 | -2.15× | 3.94× | ||
| Q3 25 | 4.71× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -6.82× | 55.61× | ||
| Q3 24 | 11.56× | — | ||
| Q2 24 | — | 4.25× | ||
| Q1 24 | 7.15× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GWRE
| Subscription | $222.7M | 67% |
| Services | $62.4M | 19% |
| Other | $33.1M | 10% |
| Support | $14.5M | 4% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
