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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $424.8M, roughly 1.6× Madison Square Garden Entertainment Corp.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 5.2%, a 16.6% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 3.6%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 1.8%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
MSGE vs OII — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $692.4M |
| Net Profit | $92.7M | $36.1M |
| Gross Margin | — | — |
| Operating Margin | 38.6% | — |
| Net Margin | 21.8% | 5.2% |
| Revenue YoY | 12.5% | 3.6% |
| Net Profit YoY | 22.2% | -28.3% |
| EPS (diluted) | $1.94 | $0.36 |
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 | — | $692.4M | ||
| Q4 25 | $424.8M | $668.6M | ||
| Q3 25 | $154.1M | $742.9M | ||
| Q2 25 | $145.1M | $698.2M | ||
| Q1 25 | $206.0M | $674.5M | ||
| Q4 24 | $377.6M | $713.5M | ||
| Q3 24 | $134.1M | $679.8M | ||
| Q2 24 | $177.6M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $92.7M | $177.7M | ||
| Q3 25 | $-21.7M | $71.3M | ||
| Q2 25 | $-27.2M | $54.4M | ||
| Q1 25 | $8.0M | $50.4M | ||
| Q4 24 | $75.9M | $56.1M | ||
| Q3 24 | $-19.3M | $41.2M | ||
| Q2 24 | $66.9M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 38.6% | 9.8% | ||
| Q3 25 | -19.3% | 11.6% | ||
| Q2 25 | -17.7% | 11.3% | ||
| Q1 25 | 13.3% | 10.9% | ||
| Q4 24 | 36.8% | 10.9% | ||
| Q3 24 | -13.8% | 10.5% | ||
| Q2 24 | -5.0% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 21.8% | 26.6% | ||
| Q3 25 | -14.0% | 9.6% | ||
| Q2 25 | -18.7% | 7.8% | ||
| Q1 25 | 3.9% | 7.5% | ||
| Q4 24 | 20.1% | 7.9% | ||
| Q3 24 | -14.4% | 6.1% | ||
| Q2 24 | 37.7% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $1.94 | $1.75 | ||
| Q3 25 | $-0.46 | $0.71 | ||
| Q2 25 | $-0.56 | $0.54 | ||
| Q1 25 | $0.17 | $0.49 | ||
| Q4 24 | $1.56 | $0.55 | ||
| Q3 24 | $-0.40 | $0.40 | ||
| Q2 24 | $1.32 | $0.34 |
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 | $488.8M |
| Stockholders' EquityBook value | $36.0M | $1.1B |
| Total Assets | $1.8B | $2.6B |
| Debt / EquityLower = less leverage | 15.40× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $157.1M | $695.9M | ||
| Q3 25 | $29.9M | $7.0M | ||
| Q2 25 | $43.0M | $7.0M | ||
| Q1 25 | $89.0M | $7.0M | ||
| Q4 24 | $54.9M | $504.5M | ||
| Q3 24 | $37.3M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $554.6M | $487.4M | ||
| Q3 25 | $581.7M | — | ||
| Q2 25 | $568.8M | — | ||
| Q1 25 | $577.4M | — | ||
| Q4 24 | $584.7M | $482.0M | ||
| Q3 24 | $647.0M | — | ||
| Q2 24 | $599.2M | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $36.0M | $1.1B | ||
| Q3 25 | $-65.8M | $907.7M | ||
| Q2 25 | $-13.3M | $842.1M | ||
| Q1 25 | $9.5M | $773.1M | ||
| Q4 24 | $10.3M | $714.3M | ||
| Q3 24 | $-48.7M | $698.0M | ||
| Q2 24 | $-23.2M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.6B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 15.40× | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.61× | — | ||
| Q4 24 | 56.61× | 0.67× | ||
| 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 | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 1.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $164.4M | $221.1M | ||
| Q3 25 | $19.8M | $101.3M | ||
| Q2 25 | $-27.0M | $77.2M | ||
| Q1 25 | $56.8M | $-80.7M | ||
| Q4 24 | $112.9M | $128.4M | ||
| Q3 24 | $-27.4M | $91.9M | ||
| Q2 24 | $212.0K | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $46.9M | ||
| Q1 25 | — | $-106.8M | ||
| Q4 24 | — | $94.5M | ||
| Q3 24 | — | $67.0M | ||
| Q2 24 | — | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | -15.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 1.24× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 7.07× | -1.60× | ||
| Q4 24 | 1.49× | 2.29× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | 0.00× | 1.50× |
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% |
OII
Segment breakdown not available.
