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Side-by-side financial comparison of IDACORP INC (IDA) 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 $360.1M, roughly 1.2× IDACORP INC). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 12.1%, a 9.7% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs -4.2%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs -7.2%).
IDACORP, Inc is an electricity holding company, incorporated in Idaho with headquarters in Boise. It comprises Idaho Power Company, IDACORP Financial and Ida-West Energy. It was formed on October 1, 1998.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
IDA vs MSGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $424.8M |
| Net Profit | $43.6M | $92.7M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | 38.6% |
| Net Margin | 12.1% | 21.8% |
| Revenue YoY | -4.2% | 12.5% |
| Net Profit YoY | 15.1% | 22.2% |
| EPS (diluted) | $0.78 | $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.
| Q4 25 | $360.1M | $424.8M | ||
| Q3 25 | $526.4M | $154.1M | ||
| Q2 25 | $449.3M | $145.1M | ||
| Q1 25 | $411.1M | $206.0M | ||
| Q4 24 | $375.9M | $377.6M | ||
| Q3 24 | $532.5M | $134.1M | ||
| Q2 24 | $442.6M | $177.6M | ||
| Q1 24 | $417.9M | $191.6M |
| Q4 25 | $43.6M | $92.7M | ||
| Q3 25 | $124.4M | $-21.7M | ||
| Q2 25 | $95.8M | $-27.2M | ||
| Q1 25 | $59.6M | $8.0M | ||
| Q4 24 | $37.9M | $75.9M | ||
| Q3 24 | $113.6M | $-19.3M | ||
| Q2 24 | $89.5M | $66.9M | ||
| Q1 24 | $48.2M | $2.8M |
| Q4 25 | 14.9% | 38.6% | ||
| Q3 25 | 27.5% | -19.3% | ||
| Q2 25 | 22.4% | -17.7% | ||
| Q1 25 | 13.4% | 13.3% | ||
| Q4 24 | 11.0% | 36.8% | ||
| Q3 24 | 25.1% | -13.8% | ||
| Q2 24 | 23.3% | -5.0% | ||
| Q1 24 | 11.9% | 8.8% |
| Q4 25 | 12.1% | 21.8% | ||
| Q3 25 | 23.6% | -14.0% | ||
| Q2 25 | 21.3% | -18.7% | ||
| Q1 25 | 14.5% | 3.9% | ||
| Q4 24 | 10.1% | 20.1% | ||
| Q3 24 | 21.3% | -14.4% | ||
| Q2 24 | 20.2% | 37.7% | ||
| Q1 24 | 11.5% | 1.5% |
| Q4 25 | $0.78 | $1.94 | ||
| Q3 25 | $2.26 | $-0.46 | ||
| Q2 25 | $1.76 | $-0.56 | ||
| Q1 25 | $1.10 | $0.17 | ||
| Q4 24 | $0.72 | $1.56 | ||
| Q3 24 | $2.12 | $-0.40 | ||
| Q2 24 | $1.71 | $1.32 | ||
| Q1 24 | $0.95 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $215.7M | $157.1M |
| Total DebtLower is stronger | $3.3B | $554.6M |
| Stockholders' EquityBook value | $3.6B | $36.0M |
| Total Assets | $10.2B | $1.8B |
| Debt / EquityLower = less leverage | 0.93× | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $157.1M | ||
| Q3 25 | $333.2M | $29.9M | ||
| Q2 25 | $474.5M | $43.0M | ||
| Q1 25 | $634.5M | $89.0M | ||
| Q4 24 | $368.9M | $54.9M | ||
| Q3 24 | $427.9M | $37.3M | ||
| Q2 24 | $169.6M | $33.3M | ||
| Q1 24 | $157.6M | $28.0M |
| Q4 25 | $3.3B | $554.6M | ||
| Q3 25 | — | $581.7M | ||
| Q2 25 | — | $568.8M | ||
| Q1 25 | — | $577.4M | ||
| Q4 24 | $3.1B | $584.7M | ||
| Q3 24 | — | $647.0M | ||
| Q2 24 | — | $599.2M | ||
| Q1 24 | — | $602.5M |
| Q4 25 | $3.6B | $36.0M | ||
| Q3 25 | $3.5B | $-65.8M | ||
| Q2 25 | $3.4B | $-13.3M | ||
| Q1 25 | $3.3B | $9.5M | ||
| Q4 24 | $3.3B | $10.3M | ||
| Q3 24 | $3.3B | $-48.7M | ||
| Q2 24 | $3.2B | $-23.2M | ||
| Q1 24 | $2.9B | $-94.6M |
| Q4 25 | $10.2B | $1.8B | ||
| Q3 25 | $10.1B | $1.7B | ||
| Q2 25 | $9.9B | $1.7B | ||
| Q1 25 | $9.6B | $1.7B | ||
| Q4 24 | $9.2B | $1.6B | ||
| Q3 24 | $9.1B | $1.6B | ||
| Q2 24 | $8.7B | $1.6B | ||
| Q1 24 | $8.3B | $1.5B |
| Q4 25 | 0.93× | 15.40× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 60.61× | ||
| Q4 24 | 0.92× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $137.8M | $164.4M |
| Free Cash FlowOCF − Capex | $-216.2M | — |
| FCF MarginFCF / Revenue | -60.0% | — |
| Capex IntensityCapex / Revenue | 98.3% | — |
| Cash ConversionOCF / Net Profit | 3.16× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $164.4M | ||
| Q3 25 | $162.8M | $19.8M | ||
| Q2 25 | $176.9M | $-27.0M | ||
| Q1 25 | $124.3M | $56.8M | ||
| Q4 24 | $136.4M | $112.9M | ||
| Q3 24 | $201.9M | $-27.4M | ||
| Q2 24 | $146.4M | $212.0K | ||
| Q1 24 | $109.7M | $5.8M |
| Q4 25 | $-216.2M | — | ||
| Q3 25 | $-127.9M | — | ||
| Q2 25 | $-156.4M | — | ||
| Q1 25 | $-77.0M | — | ||
| Q4 24 | $-48.9M | — | ||
| Q3 24 | $-16.1M | — | ||
| Q2 24 | $-199.6M | — | ||
| Q1 24 | $-150.3M | — |
| Q4 25 | -60.0% | — | ||
| Q3 25 | -24.3% | — | ||
| Q2 25 | -34.8% | — | ||
| Q1 25 | -18.7% | — | ||
| Q4 24 | -13.0% | — | ||
| Q3 24 | -3.0% | — | ||
| Q2 24 | -45.1% | — | ||
| Q1 24 | -36.0% | — |
| Q4 25 | 98.3% | — | ||
| Q3 25 | 55.2% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 49.0% | — | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 78.2% | — | ||
| Q1 24 | 62.2% | — |
| Q4 25 | 3.16× | 1.77× | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.08× | 7.07× | ||
| Q4 24 | 3.60× | 1.49× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 1.63× | 0.00× | ||
| Q1 24 | 2.28× | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IDA
| Retailrevenues | $323.0M | 90% |
| Transmissionserviceswheeling | $18.6M | 5% |
| Energyefficiencyprogramrevenues | $11.7M | 3% |
| Wholesaleenergysales | $10.5M | 3% |
| Otherrevenues | $9.5M | 3% |
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% |
