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Side-by-side financial comparison of Kimco Realty (KIM) and Madison Square Garden Entertainment Corp. (MSGE). Click either name above to swap in a different company.
Kimco Realty is the larger business by last-quarter revenue ($558.0M vs $424.8M, roughly 1.3× Madison Square Garden Entertainment Corp.). Kimco Realty runs the higher net margin — 29.8% vs 21.8%, a 8.0% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 4.0%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 5.6%).
Kimco Realty Corporation, headquartered in Jericho, New York, is a real estate investment trust that invests in shopping centers.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
KIM vs MSGE — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $558.0M | $424.8M |
| Net Profit | $166.3M | $92.7M |
| Gross Margin | — | — |
| Operating Margin | 37.2% | 38.6% |
| Net Margin | 29.8% | 21.8% |
| Revenue YoY | 4.0% | 12.5% |
| Net Profit YoY | 23.7% | 22.2% |
| EPS (diluted) | $0.46 | $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 | $558.0M | — | ||
| Q4 25 | $542.5M | $424.8M | ||
| Q3 25 | $535.9M | $154.1M | ||
| Q2 25 | $525.2M | $145.1M | ||
| Q1 25 | $536.6M | $206.0M | ||
| Q4 24 | $525.4M | $377.6M | ||
| Q3 24 | $507.6M | $134.1M | ||
| Q2 24 | $500.2M | $177.6M |
| Q1 26 | $166.3M | — | ||
| Q4 25 | $151.2M | $92.7M | ||
| Q3 25 | $137.8M | $-21.7M | ||
| Q2 25 | $163.0M | $-27.2M | ||
| Q1 25 | $132.8M | $8.0M | ||
| Q4 24 | $166.0M | $75.9M | ||
| Q3 24 | $136.0M | $-19.3M | ||
| Q2 24 | $119.7M | $66.9M |
| Q1 26 | 37.2% | — | ||
| Q4 25 | 36.4% | 38.6% | ||
| Q3 25 | 34.9% | -19.3% | ||
| Q2 25 | 39.2% | -17.7% | ||
| Q1 25 | 33.6% | 13.3% | ||
| Q4 24 | 31.7% | 36.8% | ||
| Q3 24 | 33.7% | -13.8% | ||
| Q2 24 | 32.1% | -5.0% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 27.9% | 21.8% | ||
| Q3 25 | 25.7% | -14.0% | ||
| Q2 25 | 31.0% | -18.7% | ||
| Q1 25 | 24.8% | 3.9% | ||
| Q4 24 | 31.6% | 20.1% | ||
| Q3 24 | 26.8% | -14.4% | ||
| Q2 24 | 23.9% | 37.7% |
| Q1 26 | $0.46 | — | ||
| Q4 25 | — | $1.94 | ||
| Q3 25 | — | $-0.46 | ||
| Q2 25 | — | $-0.56 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $1.56 | ||
| Q3 24 | — | $-0.40 | ||
| Q2 24 | — | $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 | — | $554.6M |
| Stockholders' EquityBook value | $10.4B | $36.0M |
| Total Assets | $19.6B | $1.8B |
| Debt / EquityLower = less leverage | — | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $211.6M | $157.1M | ||
| Q3 25 | $159.3M | $29.9M | ||
| Q2 25 | $226.6M | $43.0M | ||
| Q1 25 | $131.3M | $89.0M | ||
| Q4 24 | $688.6M | $54.9M | ||
| Q3 24 | $789.0M | $37.3M | ||
| Q2 24 | $126.4M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | $554.6M | ||
| Q3 25 | — | $581.7M | ||
| Q2 25 | — | $568.8M | ||
| Q1 25 | — | $577.4M | ||
| Q4 24 | $8.0B | $584.7M | ||
| Q3 24 | — | $647.0M | ||
| Q2 24 | — | $599.2M |
| Q1 26 | $10.4B | — | ||
| Q4 25 | $10.4B | $36.0M | ||
| Q3 25 | $10.5B | $-65.8M | ||
| Q2 25 | $10.5B | $-13.3M | ||
| Q1 25 | $10.6B | $9.5M | ||
| Q4 24 | $10.7B | $10.3M | ||
| Q3 24 | $10.5B | $-48.7M | ||
| Q2 24 | $10.6B | $-23.2M |
| Q1 26 | $19.6B | — | ||
| Q4 25 | $19.7B | $1.8B | ||
| Q3 25 | $19.9B | $1.7B | ||
| Q2 25 | $19.8B | $1.7B | ||
| Q1 25 | $19.7B | $1.7B | ||
| Q4 24 | $20.3B | $1.6B | ||
| Q3 24 | $20.1B | $1.6B | ||
| Q2 24 | $19.5B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 15.40× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 60.61× | ||
| Q4 24 | 0.75× | 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 | $258.4M | $164.4M | ||
| Q3 25 | $332.4M | $19.8M | ||
| Q2 25 | $305.4M | $-27.0M | ||
| Q1 25 | $223.8M | $56.8M | ||
| Q4 24 | $239.5M | $112.9M | ||
| Q3 24 | $295.9M | $-27.4M | ||
| Q2 24 | $294.1M | $212.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $205.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 38.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.71× | 1.77× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.69× | 7.07× | ||
| Q4 24 | 1.44× | 1.49× | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.46× | 0.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KIM
| Revenues from rental properties, net | $552.8M | 99% |
| Management and other fee income | $5.2M | 1% |
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% |
