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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and PRA GROUP INC (PRAA). 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 $333.4M, roughly 1.3× PRA GROUP INC). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 17.0%, a 4.9% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 12.5%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 14.2%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
MSGE vs PRAA — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $333.4M |
| Net Profit | $92.7M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | 38.6% | 37.7% |
| Net Margin | 21.8% | 17.0% |
| Revenue YoY | 12.5% | 13.7% |
| Net Profit YoY | 22.2% | 206.3% |
| EPS (diluted) | $1.94 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $154.1M | $311.1M | ||
| Q2 25 | $145.1M | $287.7M | ||
| Q1 25 | $206.0M | $269.6M | ||
| Q4 24 | $377.6M | $293.2M | ||
| Q3 24 | $134.1M | $281.5M | ||
| Q2 24 | $177.6M | $284.2M | ||
| Q1 24 | $191.6M | $255.6M |
| Q4 25 | $92.7M | $56.5M | ||
| Q3 25 | $-21.7M | $-407.7M | ||
| Q2 25 | $-27.2M | $42.4M | ||
| Q1 25 | $8.0M | $3.7M | ||
| Q4 24 | $75.9M | $18.5M | ||
| Q3 24 | $-19.3M | $27.2M | ||
| Q2 24 | $66.9M | $21.5M | ||
| Q1 24 | $2.8M | $3.5M |
| Q4 25 | 38.6% | 37.7% | ||
| Q3 25 | -19.3% | -101.4% | ||
| Q2 25 | -17.7% | 29.6% | ||
| Q1 25 | 13.3% | 27.7% | ||
| Q4 24 | 36.8% | 32.1% | ||
| Q3 24 | -13.8% | 32.0% | ||
| Q2 24 | -5.0% | 31.4% | ||
| Q1 24 | 8.8% | 26.0% |
| Q4 25 | 21.8% | 17.0% | ||
| Q3 25 | -14.0% | -131.0% | ||
| Q2 25 | -18.7% | 14.7% | ||
| Q1 25 | 3.9% | 1.4% | ||
| Q4 24 | 20.1% | 6.3% | ||
| Q3 24 | -14.4% | 9.6% | ||
| Q2 24 | 37.7% | 7.6% | ||
| Q1 24 | 1.5% | 1.4% |
| Q4 25 | $1.94 | $1.47 | ||
| Q3 25 | $-0.46 | $-10.43 | ||
| Q2 25 | $-0.56 | $1.08 | ||
| Q1 25 | $0.17 | $0.09 | ||
| Q4 24 | $1.56 | $0.47 | ||
| Q3 24 | $-0.40 | $0.69 | ||
| Q2 24 | $1.32 | $0.54 | ||
| Q1 24 | $0.06 | $0.09 |
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 | $104.4M |
| Total DebtLower is stronger | $554.6M | — |
| Stockholders' EquityBook value | $36.0M | $979.9M |
| Total Assets | $1.8B | $5.1B |
| Debt / EquityLower = less leverage | 15.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $104.4M | ||
| Q3 25 | $29.9M | $107.5M | ||
| Q2 25 | $43.0M | $131.6M | ||
| Q1 25 | $89.0M | $128.7M | ||
| Q4 24 | $54.9M | $105.9M | ||
| Q3 24 | $37.3M | $141.1M | ||
| Q2 24 | $33.3M | $118.9M | ||
| Q1 24 | $28.0M | $108.1M |
| 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 24 | $602.5M | — |
| Q4 25 | $36.0M | $979.9M | ||
| Q3 25 | $-65.8M | $928.5M | ||
| Q2 25 | $-13.3M | $1.3B | ||
| Q1 25 | $9.5M | $1.2B | ||
| Q4 24 | $10.3M | $1.1B | ||
| Q3 24 | $-48.7M | $1.2B | ||
| Q2 24 | $-23.2M | $1.1B | ||
| Q1 24 | $-94.6M | $1.1B |
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | $1.7B | $5.4B | ||
| Q1 25 | $1.7B | $5.1B | ||
| Q4 24 | $1.6B | $4.9B | ||
| Q3 24 | $1.6B | $4.9B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.5B | $4.5B |
| Q4 25 | 15.40× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.61× | — | ||
| Q4 24 | 56.61× | — | ||
| 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 | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 1.77× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.4M | $-85.5M | ||
| Q3 25 | $19.8M | $-10.1M | ||
| Q2 25 | $-27.0M | $-12.9M | ||
| Q1 25 | $56.8M | $-52.6M | ||
| Q4 24 | $112.9M | $-94.6M | ||
| Q3 24 | $-27.4M | $-35.0M | ||
| Q2 24 | $212.0K | $-29.5M | ||
| Q1 24 | $5.8M | $-73.0M |
| Q4 25 | — | $-90.4M | ||
| Q3 25 | — | $-11.3M | ||
| Q2 25 | — | $-14.2M | ||
| Q1 25 | — | $-53.5M | ||
| Q4 24 | — | $-98.6M | ||
| Q3 24 | — | $-36.1M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-73.5M |
| Q4 25 | — | -27.1% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -10.8% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 1.77× | -1.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.30× | ||
| Q1 25 | 7.07× | -14.37× | ||
| Q4 24 | 1.49× | -5.13× | ||
| Q3 24 | — | -1.29× | ||
| Q2 24 | 0.00× | -1.37× | ||
| Q1 24 | 2.08× | -21.01× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
