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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and RBC Bearings INC (RBC). Click either name above to swap in a different company.
RBC Bearings INC is the larger business by last-quarter revenue ($461.6M vs $424.8M, roughly 1.1× Madison Square Garden Entertainment Corp.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 14.6%, a 7.2% gap on every dollar of revenue. On growth, RBC Bearings INC posted the faster year-over-year revenue change (17.0% vs 12.5%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 5.6%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
MSGE vs RBC — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $461.6M |
| Net Profit | $92.7M | $67.4M |
| Gross Margin | — | 44.3% |
| Operating Margin | 38.6% | 22.3% |
| Net Margin | 21.8% | 14.6% |
| Revenue YoY | 12.5% | 17.0% |
| Net Profit YoY | 22.2% | 16.4% |
| EPS (diluted) | $1.94 | $2.13 |
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 | $461.6M | ||
| Q3 25 | $154.1M | $455.3M | ||
| Q2 25 | $145.1M | $436.0M | ||
| Q1 25 | $206.0M | $437.7M | ||
| Q4 24 | $377.6M | $394.4M | ||
| Q3 24 | $134.1M | $397.9M | ||
| Q2 24 | $177.6M | $406.3M | ||
| Q1 24 | $191.6M | $413.7M |
| Q4 25 | $92.7M | $67.4M | ||
| Q3 25 | $-21.7M | $60.0M | ||
| Q2 25 | $-27.2M | $68.5M | ||
| Q1 25 | $8.0M | $72.7M | ||
| Q4 24 | $75.9M | $57.9M | ||
| Q3 24 | $-19.3M | $54.2M | ||
| Q2 24 | $66.9M | $61.4M | ||
| Q1 24 | $2.8M | — |
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
| Q4 25 | 38.6% | 22.3% | ||
| Q3 25 | -19.3% | 21.5% | ||
| Q2 25 | -17.7% | 23.2% | ||
| Q1 25 | 13.3% | 23.0% | ||
| Q4 24 | 36.8% | 21.7% | ||
| Q3 24 | -13.8% | 21.6% | ||
| Q2 24 | -5.0% | 24.0% | ||
| Q1 24 | 8.8% | 22.8% |
| Q4 25 | 21.8% | 14.6% | ||
| Q3 25 | -14.0% | 13.2% | ||
| Q2 25 | -18.7% | 15.7% | ||
| Q1 25 | 3.9% | 16.6% | ||
| Q4 24 | 20.1% | 14.7% | ||
| Q3 24 | -14.4% | 13.6% | ||
| Q2 24 | 37.7% | 15.1% | ||
| Q1 24 | 1.5% | — |
| Q4 25 | $1.94 | $2.13 | ||
| Q3 25 | $-0.46 | $1.90 | ||
| Q2 25 | $-0.56 | $2.17 | ||
| Q1 25 | $0.17 | $2.33 | ||
| Q4 24 | $1.56 | $1.82 | ||
| Q3 24 | $-0.40 | $1.65 | ||
| Q2 24 | $1.32 | $1.90 | ||
| Q1 24 | $0.06 | $1.92 |
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 | $107.6M |
| Total DebtLower is stronger | $554.6M | $990.2M |
| Stockholders' EquityBook value | $36.0M | $3.3B |
| Total Assets | $1.8B | $5.1B |
| Debt / EquityLower = less leverage | 15.40× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $107.6M | ||
| Q3 25 | $29.9M | $91.2M | ||
| Q2 25 | $43.0M | $132.9M | ||
| Q1 25 | $89.0M | $36.8M | ||
| Q4 24 | $54.9M | — | ||
| Q3 24 | $37.3M | — | ||
| Q2 24 | $33.3M | $76.8M | ||
| Q1 24 | $28.0M | $63.5M |
| Q4 25 | $554.6M | $990.2M | ||
| Q3 25 | $581.7M | $1.1B | ||
| Q2 25 | $568.8M | $915.6M | ||
| Q1 25 | $577.4M | $920.1M | ||
| Q4 24 | $584.7M | — | ||
| Q3 24 | $647.0M | — | ||
| Q2 24 | $599.2M | — | ||
| Q1 24 | $602.5M | $1.2B |
| Q4 25 | $36.0M | $3.3B | ||
| Q3 25 | $-65.8M | $3.2B | ||
| Q2 25 | $-13.3M | $3.1B | ||
| Q1 25 | $9.5M | $3.0B | ||
| Q4 24 | $10.3M | $2.9B | ||
| Q3 24 | $-48.7M | $2.9B | ||
| Q2 24 | $-23.2M | $2.8B | ||
| Q1 24 | $-94.6M | $2.8B |
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.7B | $5.1B | ||
| Q2 25 | $1.7B | $4.8B | ||
| Q1 25 | $1.7B | $4.7B | ||
| Q4 24 | $1.6B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.5B | $4.7B |
| Q4 25 | 15.40× | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | 60.61× | 0.30× | ||
| Q4 24 | 56.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| Free Cash FlowOCF − Capex | — | $99.1M |
| FCF MarginFCF / Revenue | — | 21.5% |
| Capex IntensityCapex / Revenue | — | 5.0% |
| Cash ConversionOCF / Net Profit | 1.77× | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.4M | $122.1M | ||
| Q3 25 | $19.8M | $88.4M | ||
| Q2 25 | $-27.0M | $120.0M | ||
| Q1 25 | $56.8M | — | ||
| Q4 24 | $112.9M | $84.0M | ||
| Q3 24 | $-27.4M | — | ||
| Q2 24 | $212.0K | $97.4M | ||
| Q1 24 | $5.8M | — |
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
| Q4 25 | 1.77× | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 1.49× | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.00× | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
