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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and PROSPERITY BANCSHARES INC (PB). 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 $367.6M, roughly 1.2× PROSPERITY BANCSHARES INC). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs 21.8%, a 9.8% gap on every dollar of revenue. Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 19.2%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...
MSGE vs PB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $367.6M |
| Net Profit | $92.7M | $116.3M |
| Gross Margin | — | — |
| Operating Margin | 38.6% | — |
| Net Margin | 21.8% | 31.6% |
| Revenue YoY | 12.5% | — |
| Net Profit YoY | 22.2% | -10.7% |
| EPS (diluted) | $1.94 | $1.16 |
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 | — | $367.6M | ||
| Q4 25 | $424.8M | $275.0M | ||
| Q3 25 | $154.1M | $273.4M | ||
| Q2 25 | $145.1M | $267.7M | ||
| Q1 25 | $206.0M | $265.4M | ||
| Q4 24 | $377.6M | $267.8M | ||
| Q3 24 | $134.1M | $261.7M | ||
| Q2 24 | $177.6M | $258.8M |
| Q1 26 | — | $116.3M | ||
| Q4 25 | $92.7M | $139.9M | ||
| Q3 25 | $-21.7M | $137.6M | ||
| Q2 25 | $-27.2M | $135.2M | ||
| Q1 25 | $8.0M | $130.2M | ||
| Q4 24 | $75.9M | $130.1M | ||
| Q3 24 | $-19.3M | $127.3M | ||
| Q2 24 | $66.9M | $111.6M |
| Q1 26 | — | — | ||
| Q4 25 | 38.6% | 65.1% | ||
| Q3 25 | -19.3% | 64.4% | ||
| Q2 25 | -17.7% | 64.3% | ||
| Q1 25 | 13.3% | 62.7% | ||
| Q4 24 | 36.8% | 62.0% | ||
| Q3 24 | -13.8% | 62.1% | ||
| Q2 24 | -5.0% | 55.2% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | 21.8% | 50.9% | ||
| Q3 25 | -14.0% | 50.3% | ||
| Q2 25 | -18.7% | 50.5% | ||
| Q1 25 | 3.9% | 49.1% | ||
| Q4 24 | 20.1% | 48.6% | ||
| Q3 24 | -14.4% | 48.6% | ||
| Q2 24 | 37.7% | 43.1% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $1.94 | $1.48 | ||
| Q3 25 | $-0.46 | $1.45 | ||
| Q2 25 | $-0.56 | $1.42 | ||
| Q1 25 | $0.17 | $1.37 | ||
| Q4 24 | $1.56 | $1.36 | ||
| Q3 24 | $-0.40 | $1.34 | ||
| Q2 24 | $1.32 | $1.17 |
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 | $36.0M | $8.2B |
| Total Assets | $1.8B | $43.6B |
| Debt / EquityLower = less leverage | 15.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $157.1M | — | ||
| Q3 25 | $29.9M | — | ||
| Q2 25 | $43.0M | — | ||
| Q1 25 | $89.0M | — | ||
| Q4 24 | $54.9M | — | ||
| Q3 24 | $37.3M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $554.6M | — | ||
| Q3 25 | $581.7M | — | ||
| Q2 25 | $568.8M | — | ||
| Q1 25 | $577.4M | — | ||
| Q4 24 | $584.7M | — | ||
| Q3 24 | $647.0M | — | ||
| Q2 24 | $599.2M | — |
| Q1 26 | — | $8.2B | ||
| Q4 25 | $36.0M | $7.6B | ||
| Q3 25 | $-65.8M | $7.7B | ||
| Q2 25 | $-13.3M | $7.6B | ||
| Q1 25 | $9.5M | $7.5B | ||
| Q4 24 | $10.3M | $7.4B | ||
| Q3 24 | $-48.7M | $7.4B | ||
| Q2 24 | $-23.2M | $7.3B |
| Q1 26 | — | $43.6B | ||
| Q4 25 | $1.8B | $38.5B | ||
| Q3 25 | $1.7B | $38.3B | ||
| Q2 25 | $1.7B | $38.4B | ||
| Q1 25 | $1.7B | $38.8B | ||
| Q4 24 | $1.6B | $39.6B | ||
| Q3 24 | $1.6B | $40.1B | ||
| Q2 24 | $1.6B | $39.8B |
| Q1 26 | — | — | ||
| Q4 25 | 15.40× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.61× | — | ||
| Q4 24 | 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 | $164.4M | $78.3M | ||
| Q3 25 | $19.8M | $194.8M | ||
| Q2 25 | $-27.0M | $98.2M | ||
| Q1 25 | $56.8M | $178.2M | ||
| Q4 24 | $112.9M | $-205.8M | ||
| Q3 24 | $-27.4M | $274.6M | ||
| Q2 24 | $212.0K | $216.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $68.5M | ||
| Q3 25 | — | $185.7M | ||
| Q2 25 | — | $91.8M | ||
| Q1 25 | — | $171.1M | ||
| Q4 24 | — | $-210.7M | ||
| Q3 24 | — | $270.2M | ||
| Q2 24 | — | $211.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.9% | ||
| Q3 25 | — | 67.9% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 64.5% | ||
| Q4 24 | — | -78.7% | ||
| Q3 24 | — | 103.3% | ||
| Q2 24 | — | 81.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 0.56× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | 7.07× | 1.37× | ||
| Q4 24 | 1.49× | -1.58× | ||
| Q3 24 | — | 2.16× | ||
| Q2 24 | 0.00× | 1.94× |
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% |
PB
| Net Interest Income | $321.1M | 87% |
| Noninterest Income | $46.5M | 13% |
