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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and RANGE RESOURCES CORP (RRC). Click either name above to swap in a different company.
RANGE RESOURCES CORP is the larger business by last-quarter revenue ($786.9M vs $424.8M, roughly 1.9× Madison Square Garden Entertainment Corp.). RANGE RESOURCES CORP runs the higher net margin — 22.8% vs 21.8%, a 0.9% gap on every dollar of revenue. On growth, RANGE RESOURCES CORP posted the faster year-over-year revenue change (18.0% vs 12.5%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 14.6%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Range Resources Corporation is a natural gas exploration and production company, the headquartered is in Fort Worth, Texas. It operates in the Marcellus Formation, where it is the largest land owners.
MSGE vs RRC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $786.9M |
| Net Profit | $92.7M | $179.1M |
| Gross Margin | — | 94.5% |
| Operating Margin | 38.6% | — |
| Net Margin | 21.8% | 22.8% |
| Revenue YoY | 12.5% | 18.0% |
| Net Profit YoY | 22.2% | 88.8% |
| EPS (diluted) | $1.94 | $0.75 |
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 | $786.9M | ||
| Q3 25 | $154.1M | $655.3M | ||
| Q2 25 | $145.1M | $699.6M | ||
| Q1 25 | $206.0M | $846.3M | ||
| Q4 24 | $377.6M | $667.0M | ||
| Q3 24 | $134.1M | $567.9M | ||
| Q2 24 | $177.6M | $513.2M | ||
| Q1 24 | $191.6M | $598.8M |
| Q4 25 | $92.7M | $179.1M | ||
| Q3 25 | $-21.7M | $144.3M | ||
| Q2 25 | $-27.2M | $237.6M | ||
| Q1 25 | $8.0M | $97.1M | ||
| Q4 24 | $75.9M | $94.8M | ||
| Q3 24 | $-19.3M | $50.7M | ||
| Q2 24 | $66.9M | $28.7M | ||
| Q1 24 | $2.8M | $92.1M |
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
| Q4 25 | 38.6% | — | ||
| Q3 25 | -19.3% | — | ||
| Q2 25 | -17.7% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 36.8% | — | ||
| Q3 24 | -13.8% | — | ||
| Q2 24 | -5.0% | — | ||
| Q1 24 | 8.8% | — |
| Q4 25 | 21.8% | 22.8% | ||
| Q3 25 | -14.0% | 22.0% | ||
| Q2 25 | -18.7% | 34.0% | ||
| Q1 25 | 3.9% | 11.5% | ||
| Q4 24 | 20.1% | 14.2% | ||
| Q3 24 | -14.4% | 8.9% | ||
| Q2 24 | 37.7% | 5.6% | ||
| Q1 24 | 1.5% | 15.4% |
| Q4 25 | $1.94 | $0.75 | ||
| Q3 25 | $-0.46 | $0.60 | ||
| Q2 25 | $-0.56 | $0.99 | ||
| Q1 25 | $0.17 | $0.40 | ||
| Q4 24 | $1.56 | $0.38 | ||
| Q3 24 | $-0.40 | $0.21 | ||
| Q2 24 | $1.32 | $0.12 | ||
| Q1 24 | $0.06 | $0.38 |
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 | $204.0K |
| Total DebtLower is stronger | $554.6M | $1.2B |
| Stockholders' EquityBook value | $36.0M | $4.3B |
| Total Assets | $1.8B | $7.4B |
| Debt / EquityLower = less leverage | 15.40× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $204.0K | ||
| Q3 25 | $29.9M | $175.0K | ||
| Q2 25 | $43.0M | $134.0K | ||
| Q1 25 | $89.0M | $344.6M | ||
| Q4 24 | $54.9M | $304.5M | ||
| Q3 24 | $37.3M | $277.4M | ||
| Q2 24 | $33.3M | $251.1M | ||
| Q1 24 | $28.0M | $343.1M |
| Q4 25 | $554.6M | $1.2B | ||
| Q3 25 | $581.7M | $1.2B | ||
| Q2 25 | $568.8M | $1.2B | ||
| Q1 25 | $577.4M | $1.7B | ||
| Q4 24 | $584.7M | $1.7B | ||
| Q3 24 | $647.0M | $1.7B | ||
| Q2 24 | $599.2M | $1.7B | ||
| Q1 24 | $602.5M | $1.8B |
| Q4 25 | $36.0M | $4.3B | ||
| Q3 25 | $-65.8M | $4.2B | ||
| Q2 25 | $-13.3M | $4.1B | ||
| Q1 25 | $9.5M | $3.9B | ||
| Q4 24 | $10.3M | $3.9B | ||
| Q3 24 | $-48.7M | $3.9B | ||
| Q2 24 | $-23.2M | $3.9B | ||
| Q1 24 | $-94.6M | $3.8B |
| Q4 25 | $1.8B | $7.4B | ||
| Q3 25 | $1.7B | $7.2B | ||
| Q2 25 | $1.7B | $7.1B | ||
| Q1 25 | $1.7B | $7.4B | ||
| Q4 24 | $1.6B | $7.3B | ||
| Q3 24 | $1.6B | $7.2B | ||
| Q2 24 | $1.6B | $7.3B | ||
| Q1 24 | $1.5B | $7.4B |
| Q4 25 | 15.40× | 0.28× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | 60.61× | 0.43× | ||
| Q4 24 | 56.61× | 0.43× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 0.46× |
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 | $257.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.77× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.4M | $257.5M | ||
| Q3 25 | $19.8M | $247.5M | ||
| Q2 25 | $-27.0M | $336.2M | ||
| Q1 25 | $56.8M | $330.1M | ||
| Q4 24 | $112.9M | $217.9M | ||
| Q3 24 | $-27.4M | $245.9M | ||
| Q2 24 | $212.0K | $148.8M | ||
| Q1 24 | $5.8M | $331.9M |
| Q4 25 | 1.77× | 1.44× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 7.07× | 3.40× | ||
| Q4 24 | 1.49× | 2.30× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | 0.00× | 5.18× | ||
| Q1 24 | 2.08× | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
