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Side-by-side financial comparison of Kimco Realty (KIM) and Madison Square Garden Sports Corp. (MSGS). Click either name above to swap in a different company.
Kimco Realty is the larger business by last-quarter revenue ($558.0M vs $403.4M, roughly 1.4× Madison Square Garden Sports Corp.). Kimco Realty runs the higher net margin — 29.8% vs 2.0%, a 27.8% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 4.0%). Over the past eight quarters, Kimco Realty's revenue compounded faster (5.6% CAGR vs -3.1%).
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 MSGS — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $558.0M | $403.4M |
| Net Profit | $166.3M | $8.2M |
| Gross Margin | — | — |
| Operating Margin | 37.2% | 5.5% |
| Net Margin | 29.8% | 2.0% |
| Revenue YoY | 4.0% | 12.8% |
| Net Profit YoY | 23.7% | 641.9% |
| EPS (diluted) | $0.46 | $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.
| Q1 26 | $558.0M | — | ||
| Q4 25 | $542.5M | $403.4M | ||
| Q3 25 | $535.9M | $39.5M | ||
| Q2 25 | $525.2M | $204.0M | ||
| Q1 25 | $536.6M | $424.2M | ||
| Q4 24 | $525.4M | $357.8M | ||
| Q3 24 | $507.6M | $53.3M | ||
| Q2 24 | $500.2M | $227.3M |
| Q1 26 | $166.3M | — | ||
| Q4 25 | $151.2M | $8.2M | ||
| Q3 25 | $137.8M | $-8.8M | ||
| Q2 25 | $163.0M | $-1.8M | ||
| Q1 25 | $132.8M | $-14.2M | ||
| Q4 24 | $166.0M | $1.1M | ||
| Q3 24 | $136.0M | $-7.5M | ||
| Q2 24 | $119.7M | $25.5M |
| Q1 26 | 37.2% | — | ||
| Q4 25 | 36.4% | 5.5% | ||
| Q3 25 | 34.9% | -69.5% | ||
| Q2 25 | 39.2% | -11.1% | ||
| Q1 25 | 33.6% | 7.6% | ||
| Q4 24 | 31.7% | 3.7% | ||
| Q3 24 | 33.7% | -15.5% | ||
| Q2 24 | 32.1% | 23.0% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 27.9% | 2.0% | ||
| Q3 25 | 25.7% | -22.3% | ||
| Q2 25 | 31.0% | -0.9% | ||
| Q1 25 | 24.8% | -3.4% | ||
| Q4 24 | 31.6% | 0.3% | ||
| Q3 24 | 26.8% | -14.1% | ||
| Q2 24 | 23.9% | 11.2% |
| Q1 26 | $0.46 | — | ||
| Q4 25 | — | $0.34 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | — | $-0.08 | ||
| Q1 25 | — | $-0.59 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $81.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $10.4B | $-282.1M |
| Total Assets | $19.6B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $211.6M | $81.3M | ||
| Q3 25 | $159.3M | $48.6M | ||
| Q2 25 | $226.6M | $144.6M | ||
| Q1 25 | $131.3M | $96.5M | ||
| Q4 24 | $688.6M | $107.8M | ||
| Q3 24 | $789.0M | $52.3M | ||
| Q2 24 | $126.4M | $89.1M |
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $10.4B | — | ||
| Q4 25 | $10.4B | $-282.1M | ||
| Q3 25 | $10.5B | $-294.2M | ||
| Q2 25 | $10.5B | $-281.4M | ||
| Q1 25 | $10.6B | $-283.4M | ||
| Q4 24 | $10.7B | $-273.1M | ||
| Q3 24 | $10.5B | $-277.5M | ||
| Q2 24 | $10.6B | $-266.3M |
| Q1 26 | $19.6B | — | ||
| Q4 25 | $19.7B | $1.5B | ||
| Q3 25 | $19.9B | $1.5B | ||
| Q2 25 | $19.8B | $1.5B | ||
| Q1 25 | $19.7B | $1.5B | ||
| Q4 24 | $20.3B | $1.4B | ||
| Q3 24 | $20.1B | $1.4B | ||
| Q2 24 | $19.5B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.75× | — | ||
| 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 | — | $32.4M |
| Free Cash FlowOCF − Capex | — | $31.6M |
| FCF MarginFCF / Revenue | — | 7.8% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | 3.94× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-480.0K |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $258.4M | $32.4M | ||
| Q3 25 | $332.4M | $-85.0M | ||
| Q2 25 | $305.4M | $49.7M | ||
| Q1 25 | $223.8M | $6.3M | ||
| Q4 24 | $239.5M | $61.8M | ||
| Q3 24 | $295.9M | $-26.2M | ||
| Q2 24 | $294.1M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $31.6M | ||
| Q3 25 | — | $-85.3M | ||
| Q2 25 | — | $49.4M | ||
| Q1 25 | $205.4M | $3.9M | ||
| Q4 24 | — | $61.2M | ||
| Q3 24 | — | $-26.5M | ||
| Q2 24 | — | $108.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | -216.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | 38.3% | 0.9% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | -49.7% | ||
| Q2 24 | — | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.2% | ||
| Q3 25 | 0.0% | 0.9% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 3.4% | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.71× | 3.94× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 1.44× | 55.61× | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.46× | 4.25× |
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% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
