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Side-by-side financial comparison of loanDepot, Inc. (LDI) 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 $310.3M, roughly 1.4× loanDepot, Inc.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs -7.2%, a 29.1% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 12.5%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 18.0%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
LDI vs MSGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $424.8M |
| Net Profit | $-22.5M | $92.7M |
| Gross Margin | — | — |
| Operating Margin | -10.3% | 38.6% |
| Net Margin | -7.2% | 21.8% |
| Revenue YoY | 20.5% | 12.5% |
| Net Profit YoY | 32.4% | 22.2% |
| EPS (diluted) | — | $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 | $310.3M | $424.8M | ||
| Q3 25 | $323.3M | $154.1M | ||
| Q2 25 | $282.5M | $145.1M | ||
| Q1 25 | $273.6M | $206.0M | ||
| Q4 24 | $257.5M | $377.6M | ||
| Q3 24 | $314.6M | $134.1M | ||
| Q2 24 | $265.4M | $177.6M | ||
| Q1 24 | $222.8M | $191.6M |
| Q4 25 | $-22.5M | $92.7M | ||
| Q3 25 | $-4.9M | $-21.7M | ||
| Q2 25 | $-13.4M | $-27.2M | ||
| Q1 25 | $-21.9M | $8.0M | ||
| Q4 24 | $-33.2M | $75.9M | ||
| Q3 24 | $1.4M | $-19.3M | ||
| Q2 24 | $-32.2M | $66.9M | ||
| Q1 24 | $-34.3M | $2.8M |
| Q4 25 | -10.3% | 38.6% | ||
| Q3 25 | -3.2% | -19.3% | ||
| Q2 25 | -11.4% | -17.7% | ||
| Q1 25 | -16.8% | 13.3% | ||
| Q4 24 | -32.7% | 36.8% | ||
| Q3 24 | 1.1% | -13.8% | ||
| Q2 24 | -29.1% | -5.0% | ||
| Q1 24 | -38.2% | 8.8% |
| Q4 25 | -7.2% | 21.8% | ||
| Q3 25 | -1.5% | -14.0% | ||
| Q2 25 | -4.7% | -18.7% | ||
| Q1 25 | -8.0% | 3.9% | ||
| Q4 24 | -12.9% | 20.1% | ||
| Q3 24 | 0.4% | -14.4% | ||
| Q2 24 | -12.1% | 37.7% | ||
| Q1 24 | -15.4% | 1.5% |
| Q4 25 | — | $1.94 | ||
| Q3 25 | — | $-0.46 | ||
| Q2 25 | — | $-0.56 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $1.56 | ||
| Q3 24 | $0.01 | $-0.40 | ||
| Q2 24 | $-0.18 | $1.32 | ||
| Q1 24 | $-0.19 | $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 | $337.2M | $157.1M |
| Total DebtLower is stronger | $2.1B | $554.6M |
| Stockholders' EquityBook value | $386.0M | $36.0M |
| Total Assets | $6.9B | $1.8B |
| Debt / EquityLower = less leverage | 5.44× | 15.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.2M | $157.1M | ||
| Q3 25 | $459.2M | $29.9M | ||
| Q2 25 | $408.6M | $43.0M | ||
| Q1 25 | $371.5M | $89.0M | ||
| Q4 24 | $421.6M | $54.9M | ||
| Q3 24 | $483.0M | $37.3M | ||
| Q2 24 | $533.2M | $33.3M | ||
| Q1 24 | $603.7M | $28.0M |
| Q4 25 | $2.1B | $554.6M | ||
| Q3 25 | $2.1B | $581.7M | ||
| Q2 25 | $2.1B | $568.8M | ||
| Q1 25 | $2.0B | $577.4M | ||
| Q4 24 | $2.0B | $584.7M | ||
| Q3 24 | $2.0B | $647.0M | ||
| Q2 24 | $2.0B | $599.2M | ||
| Q1 24 | $2.3B | $602.5M |
| Q4 25 | $386.0M | $36.0M | ||
| Q3 25 | $433.3M | $-65.8M | ||
| Q2 25 | $439.1M | $-13.3M | ||
| Q1 25 | $469.3M | $9.5M | ||
| Q4 24 | $506.6M | $10.3M | ||
| Q3 24 | $592.0M | $-48.7M | ||
| Q2 24 | $578.9M | $-23.2M | ||
| Q1 24 | $637.3M | $-94.6M |
| Q4 25 | $6.9B | $1.8B | ||
| Q3 25 | $6.2B | $1.7B | ||
| Q2 25 | $6.2B | $1.7B | ||
| Q1 25 | $6.4B | $1.7B | ||
| Q4 24 | $6.3B | $1.6B | ||
| Q3 24 | $6.4B | $1.6B | ||
| Q2 24 | $5.9B | $1.6B | ||
| Q1 24 | $6.2B | $1.5B |
| Q4 25 | 5.44× | 15.40× | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | 60.61× | ||
| Q4 24 | 4.00× | 56.61× | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — | ||
| Q1 24 | 3.63× | — |
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 | $-638.7M | $164.4M |
| Free Cash FlowOCF − Capex | $-648.0M | — |
| FCF MarginFCF / Revenue | -208.9% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-638.7M | $164.4M | ||
| Q3 25 | $43.4M | $19.8M | ||
| Q2 25 | $67.6M | $-27.0M | ||
| Q1 25 | $-179.9M | $56.8M | ||
| Q4 24 | $47.7M | $112.9M | ||
| Q3 24 | $-349.2M | $-27.4M | ||
| Q2 24 | $-278.3M | $212.0K | ||
| Q1 24 | $-278.5M | $5.8M |
| Q4 25 | $-648.0M | — | ||
| Q3 25 | $38.7M | — | ||
| Q2 25 | $61.4M | — | ||
| Q1 25 | $-186.7M | — | ||
| Q4 24 | $40.8M | — | ||
| Q3 24 | $-356.4M | — | ||
| Q2 24 | $-285.7M | — | ||
| Q1 24 | $-283.3M | — |
| Q4 25 | -208.9% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | -68.2% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | -113.3% | — | ||
| Q2 24 | -107.7% | — | ||
| Q1 24 | -127.2% | — |
| Q4 25 | 3.0% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 7.07× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | -255.05× | — | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
Segment breakdown not available.
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% |
