vs
Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and QUINSTREET, INC (QNST). 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 $287.8M, roughly 1.5× QUINSTREET, INC). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 17.4%, a 4.4% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 1.9%). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 48.9%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
QUINSTREET, INCQNSTEarnings & Financial Report
QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.
MSGE vs QNST — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $287.8M |
| Net Profit | $92.7M | $50.2M |
| Gross Margin | — | 9.6% |
| Operating Margin | 38.6% | 0.4% |
| Net Margin | 21.8% | 17.4% |
| Revenue YoY | 12.5% | 1.9% |
| Net Profit YoY | 22.2% | 3342.5% |
| EPS (diluted) | $1.94 | $0.87 |
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 | $287.8M | ||
| Q3 25 | $154.1M | $285.9M | ||
| Q2 25 | $145.1M | — | ||
| Q1 25 | $206.0M | $269.8M | ||
| Q4 24 | $377.6M | $282.6M | ||
| Q3 24 | $134.1M | $279.2M | ||
| Q2 24 | $177.6M | $198.3M | ||
| Q1 24 | $191.6M | $168.6M |
| Q4 25 | $92.7M | $50.2M | ||
| Q3 25 | $-21.7M | $4.5M | ||
| Q2 25 | $-27.2M | — | ||
| Q1 25 | $8.0M | $4.4M | ||
| Q4 24 | $75.9M | $-1.5M | ||
| Q3 24 | $-19.3M | $-1.4M | ||
| Q2 24 | $66.9M | $-2.2M | ||
| Q1 24 | $2.8M | $-7.0M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 8.5% |
| Q4 25 | 38.6% | 0.4% | ||
| Q3 25 | -19.3% | 1.7% | ||
| Q2 25 | -17.7% | — | ||
| Q1 25 | 13.3% | 1.8% | ||
| Q4 24 | 36.8% | -0.5% | ||
| Q3 24 | -13.8% | -0.4% | ||
| Q2 24 | -5.0% | -0.7% | ||
| Q1 24 | 8.8% | -3.2% |
| Q4 25 | 21.8% | 17.4% | ||
| Q3 25 | -14.0% | 1.6% | ||
| Q2 25 | -18.7% | — | ||
| Q1 25 | 3.9% | 1.6% | ||
| Q4 24 | 20.1% | -0.5% | ||
| Q3 24 | -14.4% | -0.5% | ||
| Q2 24 | 37.7% | -1.1% | ||
| Q1 24 | 1.5% | -4.2% |
| Q4 25 | $1.94 | $0.87 | ||
| Q3 25 | $-0.46 | $0.08 | ||
| Q2 25 | $-0.56 | — | ||
| Q1 25 | $0.17 | $0.08 | ||
| Q4 24 | $1.56 | $-0.03 | ||
| Q3 24 | $-0.40 | $-0.02 | ||
| Q2 24 | $1.32 | $-0.04 | ||
| Q1 24 | $0.06 | $-0.13 |
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 | $107.0M |
| Total DebtLower is stronger | $554.6M | — |
| Stockholders' EquityBook value | $36.0M | $294.4M |
| Total Assets | $1.8B | $493.0M |
| Debt / EquityLower = less leverage | 15.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $107.0M | ||
| Q3 25 | $29.9M | $101.3M | ||
| Q2 25 | $43.0M | — | ||
| Q1 25 | $89.0M | $81.8M | ||
| Q4 24 | $54.9M | $57.8M | ||
| Q3 24 | $37.3M | $25.0M | ||
| Q2 24 | $33.3M | $50.5M | ||
| Q1 24 | $28.0M | $39.6M |
| 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 | $294.4M | ||
| Q3 25 | $-65.8M | $246.7M | ||
| Q2 25 | $-13.3M | — | ||
| Q1 25 | $9.5M | $235.5M | ||
| Q4 24 | $10.3M | $224.3M | ||
| Q3 24 | $-48.7M | $219.8M | ||
| Q2 24 | $-23.2M | $216.8M | ||
| Q1 24 | $-94.6M | $215.0M |
| Q4 25 | $1.8B | $493.0M | ||
| Q3 25 | $1.7B | $442.6M | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | $417.2M | ||
| Q4 24 | $1.6B | $409.6M | ||
| Q3 24 | $1.6B | $401.2M | ||
| Q2 24 | $1.6B | $368.5M | ||
| Q1 24 | $1.5B | $349.3M |
| 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 | $21.6M |
| Free Cash FlowOCF − Capex | — | $20.7M |
| FCF MarginFCF / Revenue | — | 7.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 1.77× | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.4M | $21.6M | ||
| Q3 25 | $19.8M | $19.6M | ||
| Q2 25 | $-27.0M | — | ||
| Q1 25 | $56.8M | $30.1M | ||
| Q4 24 | $112.9M | $38.7M | ||
| Q3 24 | $-27.4M | $-13.7M | ||
| Q2 24 | $212.0K | $16.6M | ||
| Q1 24 | $5.8M | $4.1M |
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $18.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $29.5M | ||
| Q4 24 | — | $38.2M | ||
| Q3 24 | — | $-14.1M | ||
| Q2 24 | — | $15.4M | ||
| Q1 24 | — | $2.9M |
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | -5.1% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | 1.77× | 0.43× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.07× | 6.82× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.00× | — | ||
| 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% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
