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Side-by-side financial comparison of IDACORP INC (IDA) 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 $360.1M, roughly 1.1× IDACORP INC). IDACORP INC runs the higher net margin — 12.1% vs 2.0%, a 10.1% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs -4.2%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $-216.2M). Over the past eight quarters, Madison Square Garden Sports Corp.'s revenue compounded faster (-3.1% 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 MSGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $360.1M | $403.4M |
| Net Profit | $43.6M | $8.2M |
| Gross Margin | — | — |
| Operating Margin | 14.9% | 5.5% |
| Net Margin | 12.1% | 2.0% |
| Revenue YoY | -4.2% | 12.8% |
| Net Profit YoY | 15.1% | 641.9% |
| EPS (diluted) | $0.78 | $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 | $360.1M | $403.4M | ||
| Q3 25 | $526.4M | $39.5M | ||
| Q2 25 | $449.3M | $204.0M | ||
| Q1 25 | $411.1M | $424.2M | ||
| Q4 24 | $375.9M | $357.8M | ||
| Q3 24 | $532.5M | $53.3M | ||
| Q2 24 | $442.6M | $227.3M | ||
| Q1 24 | $417.9M | $430.0M |
| Q4 25 | $43.6M | $8.2M | ||
| Q3 25 | $124.4M | $-8.8M | ||
| Q2 25 | $95.8M | $-1.8M | ||
| Q1 25 | $59.6M | $-14.2M | ||
| Q4 24 | $37.9M | $1.1M | ||
| Q3 24 | $113.6M | $-7.5M | ||
| Q2 24 | $89.5M | $25.5M | ||
| Q1 24 | $48.2M | $37.9M |
| Q4 25 | 14.9% | 5.5% | ||
| Q3 25 | 27.5% | -69.5% | ||
| Q2 25 | 22.4% | -11.1% | ||
| Q1 25 | 13.4% | 7.6% | ||
| Q4 24 | 11.0% | 3.7% | ||
| Q3 24 | 25.1% | -15.5% | ||
| Q2 24 | 23.3% | 23.0% | ||
| Q1 24 | 11.9% | 18.5% |
| Q4 25 | 12.1% | 2.0% | ||
| Q3 25 | 23.6% | -22.3% | ||
| Q2 25 | 21.3% | -0.9% | ||
| Q1 25 | 14.5% | -3.4% | ||
| Q4 24 | 10.1% | 0.3% | ||
| Q3 24 | 21.3% | -14.1% | ||
| Q2 24 | 20.2% | 11.2% | ||
| Q1 24 | 11.5% | 8.8% |
| Q4 25 | $0.78 | $0.34 | ||
| Q3 25 | $2.26 | $-0.37 | ||
| Q2 25 | $1.76 | $-0.08 | ||
| Q1 25 | $1.10 | $-0.59 | ||
| Q4 24 | $0.72 | $0.05 | ||
| Q3 24 | $2.12 | $-0.31 | ||
| Q2 24 | $1.71 | $1.07 | ||
| Q1 24 | $0.95 | $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 | $215.7M | $81.3M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $3.6B | $-282.1M |
| Total Assets | $10.2B | $1.5B |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.7M | $81.3M | ||
| Q3 25 | $333.2M | $48.6M | ||
| Q2 25 | $474.5M | $144.6M | ||
| Q1 25 | $634.5M | $96.5M | ||
| Q4 24 | $368.9M | $107.8M | ||
| Q3 24 | $427.9M | $52.3M | ||
| Q2 24 | $169.6M | $89.1M | ||
| Q1 24 | $157.6M | $40.0M |
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.6B | $-282.1M | ||
| Q3 25 | $3.5B | $-294.2M | ||
| Q2 25 | $3.4B | $-281.4M | ||
| Q1 25 | $3.3B | $-283.4M | ||
| Q4 24 | $3.3B | $-273.1M | ||
| Q3 24 | $3.3B | $-277.5M | ||
| Q2 24 | $3.2B | $-266.3M | ||
| Q1 24 | $2.9B | $-294.0M |
| Q4 25 | $10.2B | $1.5B | ||
| Q3 25 | $10.1B | $1.5B | ||
| Q2 25 | $9.9B | $1.5B | ||
| Q1 25 | $9.6B | $1.5B | ||
| Q4 24 | $9.2B | $1.4B | ||
| Q3 24 | $9.1B | $1.4B | ||
| Q2 24 | $8.7B | $1.3B | ||
| Q1 24 | $8.3B | $1.4B |
| Q4 25 | 0.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.92× | — | ||
| 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 | $32.4M |
| Free Cash FlowOCF − Capex | $-216.2M | $31.6M |
| FCF MarginFCF / Revenue | -60.0% | 7.8% |
| Capex IntensityCapex / Revenue | 98.3% | 0.2% |
| Cash ConversionOCF / Net Profit | 3.16× | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | $-577.5M | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.8M | $32.4M | ||
| Q3 25 | $162.8M | $-85.0M | ||
| Q2 25 | $176.9M | $49.7M | ||
| Q1 25 | $124.3M | $6.3M | ||
| Q4 24 | $136.4M | $61.8M | ||
| Q3 24 | $201.9M | $-26.2M | ||
| Q2 24 | $146.4M | $108.4M | ||
| Q1 24 | $109.7M | $4.0M |
| Q4 25 | $-216.2M | $31.6M | ||
| Q3 25 | $-127.9M | $-85.3M | ||
| Q2 25 | $-156.4M | $49.4M | ||
| Q1 25 | $-77.0M | $3.9M | ||
| Q4 24 | $-48.9M | $61.2M | ||
| Q3 24 | $-16.1M | $-26.5M | ||
| Q2 24 | $-199.6M | $108.0M | ||
| Q1 24 | $-150.3M | $3.9M |
| Q4 25 | -60.0% | 7.8% | ||
| Q3 25 | -24.3% | -216.3% | ||
| Q2 25 | -34.8% | 24.2% | ||
| Q1 25 | -18.7% | 0.9% | ||
| Q4 24 | -13.0% | 17.1% | ||
| Q3 24 | -3.0% | -49.7% | ||
| Q2 24 | -45.1% | 47.5% | ||
| Q1 24 | -36.0% | 0.9% |
| Q4 25 | 98.3% | 0.2% | ||
| Q3 25 | 55.2% | 0.9% | ||
| Q2 25 | 74.2% | 0.2% | ||
| Q1 25 | 49.0% | 0.6% | ||
| Q4 24 | 49.3% | 0.1% | ||
| Q3 24 | 41.0% | 0.7% | ||
| Q2 24 | 78.2% | 0.2% | ||
| Q1 24 | 62.2% | 0.0% |
| Q4 25 | 3.16× | 3.94× | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 2.08× | — | ||
| Q4 24 | 3.60× | 55.61× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 1.63× | 4.25× | ||
| Q1 24 | 2.28× | 0.11× |
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% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
