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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and POTLATCHDELTIC CORP (PCH). 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 $314.2M, roughly 1.4× POTLATCHDELTIC CORP). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 8.2%, a 13.6% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs 12.5%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 11.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
POTLATCHDELTIC CORPPCHEarnings & Financial Report
PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.
MSGE vs PCH — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $314.2M |
| Net Profit | $92.7M | $25.9M |
| Gross Margin | — | 18.2% |
| Operating Margin | 38.6% | 11.2% |
| Net Margin | 21.8% | 8.2% |
| Revenue YoY | 12.5% | 23.1% |
| Net Profit YoY | 22.2% | 682.5% |
| EPS (diluted) | $1.94 | $0.33 |
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 | $424.8M | — | ||
| Q3 25 | $154.1M | $314.2M | ||
| Q2 25 | $145.1M | $275.0M | ||
| Q1 25 | $206.0M | $268.3M | ||
| Q4 24 | $377.6M | $258.1M | ||
| Q3 24 | $134.1M | $255.1M | ||
| Q2 24 | $177.6M | $320.7M | ||
| Q1 24 | $191.6M | $228.1M |
| Q4 25 | $92.7M | — | ||
| Q3 25 | $-21.7M | $25.9M | ||
| Q2 25 | $-27.2M | $7.4M | ||
| Q1 25 | $8.0M | $25.8M | ||
| Q4 24 | $75.9M | $5.2M | ||
| Q3 24 | $-19.3M | $3.3M | ||
| Q2 24 | $66.9M | $13.7M | ||
| Q1 24 | $2.8M | $-305.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | 18.2% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 17.8% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | 38.6% | — | ||
| Q3 25 | -19.3% | 11.2% | ||
| Q2 25 | -17.7% | 5.0% | ||
| Q1 25 | 13.3% | 10.3% | ||
| Q4 24 | 36.8% | 5.2% | ||
| Q3 24 | -13.8% | 2.8% | ||
| Q2 24 | -5.0% | 5.4% | ||
| Q1 24 | 8.8% | -2.1% |
| Q4 25 | 21.8% | — | ||
| Q3 25 | -14.0% | 8.2% | ||
| Q2 25 | -18.7% | 2.7% | ||
| Q1 25 | 3.9% | 9.6% | ||
| Q4 24 | 20.1% | 2.0% | ||
| Q3 24 | -14.4% | 1.3% | ||
| Q2 24 | 37.7% | 4.3% | ||
| Q1 24 | 1.5% | -0.1% |
| Q4 25 | $1.94 | — | ||
| Q3 25 | $-0.46 | $0.33 | ||
| Q2 25 | $-0.56 | $0.09 | ||
| Q1 25 | $0.17 | $0.33 | ||
| Q4 24 | $1.56 | $0.07 | ||
| Q3 24 | $-0.40 | $0.04 | ||
| Q2 24 | $1.32 | $0.17 | ||
| Q1 24 | $0.06 | $0.00 |
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 | $88.8M |
| Total DebtLower is stronger | $554.6M | — |
| Stockholders' EquityBook value | $36.0M | $1.9B |
| Total Assets | $1.8B | $3.2B |
| Debt / EquityLower = less leverage | 15.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | — | ||
| Q3 25 | $29.9M | $88.8M | ||
| Q2 25 | $43.0M | $95.3M | ||
| Q1 25 | $89.0M | $147.5M | ||
| Q4 24 | $54.9M | $151.6M | ||
| Q3 24 | $37.3M | $161.1M | ||
| Q2 24 | $33.3M | $199.7M | ||
| Q1 24 | $28.0M | $180.2M |
| Q4 25 | $554.6M | — | ||
| Q3 25 | $581.7M | — | ||
| Q2 25 | $568.8M | — | ||
| Q1 25 | $577.4M | — | ||
| Q4 24 | $584.7M | $1.0B | ||
| Q3 24 | $647.0M | — | ||
| Q2 24 | $599.2M | — | ||
| Q1 24 | $602.5M | — |
| Q4 25 | $36.0M | — | ||
| Q3 25 | $-65.8M | $1.9B | ||
| Q2 25 | $-13.3M | $1.9B | ||
| Q1 25 | $9.5M | $2.0B | ||
| Q4 24 | $10.3M | $2.0B | ||
| Q3 24 | $-48.7M | $2.1B | ||
| Q2 24 | $-23.2M | $2.1B | ||
| Q1 24 | $-94.6M | $2.2B |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.6B | $3.3B | ||
| Q3 24 | $1.6B | $3.3B | ||
| Q2 24 | $1.6B | $3.4B | ||
| Q1 24 | $1.5B | $3.4B |
| Q4 25 | 15.40× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.61× | — | ||
| Q4 24 | 56.61× | 0.51× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $65.7M |
| Free Cash FlowOCF − Capex | — | $50.1M |
| FCF MarginFCF / Revenue | — | 15.9% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | 1.77× | 2.54× |
| TTM Free Cash FlowTrailing 4 quarters | — | $132.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.4M | — | ||
| Q3 25 | $19.8M | $65.7M | ||
| Q2 25 | $-27.0M | $41.0M | ||
| Q1 25 | $56.8M | $49.1M | ||
| Q4 24 | $112.9M | $45.4M | ||
| Q3 24 | $-27.4M | $26.5M | ||
| Q2 24 | $212.0K | $100.6M | ||
| Q1 24 | $5.8M | $16.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $50.1M | ||
| Q2 25 | — | $30.6M | ||
| Q1 25 | — | $26.3M | ||
| Q4 24 | — | $25.4M | ||
| Q3 24 | — | $-8.2M | ||
| Q2 24 | — | $72.4M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | -3.2% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | 1.77× | — | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 5.58× | ||
| Q1 25 | 7.07× | 1.90× | ||
| Q4 24 | 1.49× | 8.74× | ||
| Q3 24 | — | 7.99× | ||
| Q2 24 | 0.00× | 7.35× | ||
| Q1 24 | 2.08× | — |
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% |
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
