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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and Metallus Inc. (MTUS). 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 $308.3M, roughly 1.4× Metallus Inc.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 1.8%, a 20.1% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 9.9%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 2.3%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
MSGE vs MTUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $308.3M |
| Net Profit | $92.7M | $5.4M |
| Gross Margin | — | 8.1% |
| Operating Margin | 38.6% | — |
| Net Margin | 21.8% | 1.8% |
| Revenue YoY | 12.5% | 9.9% |
| Net Profit YoY | 22.2% | 315.4% |
| EPS (diluted) | $1.94 | $0.13 |
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 | — | $308.3M | ||
| Q4 25 | $424.8M | $267.3M | ||
| Q3 25 | $154.1M | $305.9M | ||
| Q2 25 | $145.1M | $304.6M | ||
| Q1 25 | $206.0M | $280.5M | ||
| Q4 24 | $377.6M | $240.5M | ||
| Q3 24 | $134.1M | $227.2M | ||
| Q2 24 | $177.6M | $294.7M |
| Q1 26 | — | $5.4M | ||
| Q4 25 | $92.7M | $-14.3M | ||
| Q3 25 | $-21.7M | $8.1M | ||
| Q2 25 | $-27.2M | $3.7M | ||
| Q1 25 | $8.0M | $1.3M | ||
| Q4 24 | $75.9M | $-21.4M | ||
| Q3 24 | $-19.3M | $-5.9M | ||
| Q2 24 | $66.9M | $4.6M |
| Q1 26 | — | 8.1% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | 38.6% | -7.7% | ||
| Q3 25 | -19.3% | 3.6% | ||
| Q2 25 | -17.7% | 2.8% | ||
| Q1 25 | 13.3% | 1.0% | ||
| Q4 24 | 36.8% | -10.1% | ||
| Q3 24 | -13.8% | -3.1% | ||
| Q2 24 | -5.0% | 2.1% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 21.8% | -5.3% | ||
| Q3 25 | -14.0% | 2.6% | ||
| Q2 25 | -18.7% | 1.2% | ||
| Q1 25 | 3.9% | 0.5% | ||
| Q4 24 | 20.1% | -8.9% | ||
| Q3 24 | -14.4% | -2.6% | ||
| Q2 24 | 37.7% | 1.6% |
| Q1 26 | — | $0.13 | ||
| Q4 25 | $1.94 | $-0.34 | ||
| Q3 25 | $-0.46 | $0.19 | ||
| Q2 25 | $-0.56 | $0.09 | ||
| Q1 25 | $0.17 | $0.03 | ||
| Q4 24 | $1.56 | $-0.46 | ||
| Q3 24 | $-0.40 | $-0.13 | ||
| Q2 24 | $1.32 | $0.10 |
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 | $104.0M |
| Total DebtLower is stronger | $554.6M | — |
| Stockholders' EquityBook value | $36.0M | $683.0M |
| Total Assets | $1.8B | $1.1B |
| Debt / EquityLower = less leverage | 15.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $104.0M | ||
| Q4 25 | $157.1M | $156.7M | ||
| Q3 25 | $29.9M | $191.5M | ||
| Q2 25 | $43.0M | $190.8M | ||
| Q1 25 | $89.0M | $180.3M | ||
| Q4 24 | $54.9M | $240.7M | ||
| Q3 24 | $37.3M | $254.6M | ||
| Q2 24 | $33.3M | $272.8M |
| Q1 26 | — | — | ||
| Q4 25 | $554.6M | — | ||
| Q3 25 | $581.7M | $0 | ||
| Q2 25 | $568.8M | $0 | ||
| Q1 25 | $577.4M | $5.4M | ||
| Q4 24 | $584.7M | $5.4M | ||
| Q3 24 | $647.0M | $13.2M | ||
| Q2 24 | $599.2M | $13.2M |
| Q1 26 | — | $683.0M | ||
| Q4 25 | $36.0M | $686.0M | ||
| Q3 25 | $-65.8M | $697.7M | ||
| Q2 25 | $-13.3M | $690.0M | ||
| Q1 25 | $9.5M | $686.1M | ||
| Q4 24 | $10.3M | $690.5M | ||
| Q3 24 | $-48.7M | $712.7M | ||
| Q2 24 | $-23.2M | $736.3M |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 15.40× | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | 60.61× | 0.01× | ||
| Q4 24 | 56.61× | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× |
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 | — | 0.0% |
| Cash ConversionOCF / Net Profit | 1.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $164.4M | $-1.9M | ||
| Q3 25 | $19.8M | $22.0M | ||
| Q2 25 | $-27.0M | $34.8M | ||
| Q1 25 | $56.8M | $-38.9M | ||
| Q4 24 | $112.9M | $13.9M | ||
| Q3 24 | $-27.4M | $-15.3M | ||
| Q2 24 | $212.0K | $8.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-6.4M | ||
| Q2 25 | — | $17.0M | ||
| Q1 25 | — | $-66.4M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-32.9M | ||
| Q2 24 | — | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | -13.9% | ||
| Q3 25 | — | -2.1% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | -23.7% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | -14.5% | ||
| Q2 24 | — | -2.0% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 9.41× | ||
| Q1 25 | 7.07× | -29.92× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.00× | 1.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MTUS
Segment breakdown not available.
