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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) 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 $300.5M, roughly 1.4× Hilltop Holdings Inc.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 13.0%, a 8.8% gap on every dollar of revenue. Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 0.6%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
HTH vs MSGE — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $424.8M |
| Net Profit | $39.0M | $92.7M |
| Gross Margin | — | — |
| Operating Margin | — | 38.6% |
| Net Margin | 13.0% | 21.8% |
| Revenue YoY | — | 12.5% |
| Net Profit YoY | -12.4% | 22.2% |
| EPS (diluted) | $0.64 | $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.
| Q1 26 | $300.5M | — | ||
| Q4 25 | $329.9M | $424.8M | ||
| Q3 25 | $330.2M | $154.1M | ||
| Q2 25 | $303.3M | $145.1M | ||
| Q1 25 | $318.5M | $206.0M | ||
| Q4 24 | $301.1M | $377.6M | ||
| Q3 24 | $305.5M | $134.1M | ||
| Q2 24 | $297.0M | $177.6M |
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | $92.7M | ||
| Q3 25 | $45.8M | $-21.7M | ||
| Q2 25 | $36.1M | $-27.2M | ||
| Q1 25 | $42.1M | $8.0M | ||
| Q4 24 | $35.5M | $75.9M | ||
| Q3 24 | $29.7M | $-19.3M | ||
| Q2 24 | $20.3M | $66.9M |
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | 38.6% | ||
| Q3 25 | 18.4% | -19.3% | ||
| Q2 25 | 16.3% | -17.7% | ||
| Q1 25 | 18.1% | 13.3% | ||
| Q4 24 | 14.7% | 36.8% | ||
| Q3 24 | 13.9% | -13.8% | ||
| Q2 24 | 10.0% | -5.0% |
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | 21.8% | ||
| Q3 25 | 13.9% | -14.0% | ||
| Q2 25 | 11.9% | -18.7% | ||
| Q1 25 | 13.2% | 3.9% | ||
| Q4 24 | 11.8% | 20.1% | ||
| Q3 24 | 9.7% | -14.4% | ||
| Q2 24 | 6.8% | 37.7% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | $1.94 | ||
| Q3 25 | $0.74 | $-0.46 | ||
| Q2 25 | $0.57 | $-0.56 | ||
| Q1 25 | $0.65 | $0.17 | ||
| Q4 24 | $0.55 | $1.56 | ||
| Q3 24 | $0.46 | $-0.40 | ||
| Q2 24 | $0.31 | $1.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $157.1M |
| Total DebtLower is stronger | $990.8M | $554.6M |
| Stockholders' EquityBook value | $2.2B | $36.0M |
| Total Assets | $15.7B | $1.8B |
| Debt / EquityLower = less leverage | 0.46× | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $157.1M | ||
| Q3 25 | — | $29.9M | ||
| Q2 25 | — | $43.0M | ||
| Q1 25 | — | $89.0M | ||
| Q4 24 | — | $54.9M | ||
| Q3 24 | — | $37.3M | ||
| Q2 24 | — | $33.3M |
| Q1 26 | $990.8M | — | ||
| 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 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $36.0M | ||
| Q3 25 | $2.2B | $-65.8M | ||
| Q2 25 | $2.2B | $-13.3M | ||
| Q1 25 | $2.2B | $9.5M | ||
| Q4 24 | $2.2B | $10.3M | ||
| Q3 24 | $2.2B | $-48.7M | ||
| Q2 24 | $2.1B | $-23.2M |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.8B | $1.8B | ||
| Q3 25 | $15.6B | $1.7B | ||
| Q2 25 | $15.4B | $1.7B | ||
| Q1 25 | $15.8B | $1.7B | ||
| Q4 24 | $16.3B | $1.6B | ||
| Q3 24 | $15.9B | $1.6B | ||
| Q2 24 | $15.6B | $1.6B |
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | 15.40× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 60.61× | ||
| Q4 24 | — | 56.61× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $164.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-38.7M | $164.4M | ||
| Q3 25 | $273.0M | $19.8M | ||
| Q2 25 | $-234.6M | $-27.0M | ||
| Q1 25 | $5.8M | $56.8M | ||
| Q4 24 | $273.9M | $112.9M | ||
| Q3 24 | $515.6M | $-27.4M | ||
| Q2 24 | $-435.3M | $212.0K |
| Q1 26 | — | — | ||
| Q4 25 | $-55.5M | — | ||
| Q3 25 | $271.0M | — | ||
| Q2 25 | $-234.6M | — | ||
| Q1 25 | $5.0M | — | ||
| Q4 24 | $266.8M | — | ||
| Q3 24 | $513.8M | — | ||
| Q2 24 | $-437.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | — | ||
| Q3 25 | 82.1% | — | ||
| Q2 25 | -77.4% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 88.6% | — | ||
| Q3 24 | 168.2% | — | ||
| Q2 24 | -147.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | 1.77× | ||
| Q3 25 | 5.96× | — | ||
| Q2 25 | -6.50× | — | ||
| Q1 25 | 0.14× | 7.07× | ||
| Q4 24 | 7.71× | 1.49× | ||
| Q3 24 | 17.36× | — | ||
| Q2 24 | -21.41× | 0.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
