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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $424.8M, roughly 1.6× Madison Square Garden Entertainment Corp.). SouthState Bank Corp runs the higher net margin — 34.1% vs 21.8%, a 12.3% gap on every dollar of revenue. Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 37.4%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
MSGE vs SSB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $661.7M |
| Net Profit | $92.7M | $225.8M |
| Gross Margin | — | — |
| Operating Margin | 38.6% | 15.1% |
| Net Margin | 21.8% | 34.1% |
| Revenue YoY | 12.5% | — |
| Net Profit YoY | 22.2% | 153.5% |
| EPS (diluted) | $1.94 | $2.28 |
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.
| Q1 26 | — | $661.7M | ||
| Q4 25 | $424.8M | $581.1M | ||
| Q3 25 | $154.1M | $599.7M | ||
| Q2 25 | $145.1M | $577.9M | ||
| Q1 25 | $206.0M | $544.5M | ||
| Q4 24 | $377.6M | $369.8M | ||
| Q3 24 | $134.1M | $351.5M | ||
| Q2 24 | $177.6M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $92.7M | $247.7M | ||
| Q3 25 | $-21.7M | $246.6M | ||
| Q2 25 | $-27.2M | $215.2M | ||
| Q1 25 | $8.0M | $89.1M | ||
| Q4 24 | $75.9M | $144.2M | ||
| Q3 24 | $-19.3M | $143.2M | ||
| Q2 24 | $66.9M | $132.4M |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 38.6% | 54.3% | ||
| Q3 25 | -19.3% | 53.6% | ||
| Q2 25 | -17.7% | 48.8% | ||
| Q1 25 | 13.3% | 22.3% | ||
| Q4 24 | 36.8% | 50.7% | ||
| Q3 24 | -13.8% | 53.1% | ||
| Q2 24 | -5.0% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 21.8% | 42.6% | ||
| Q3 25 | -14.0% | 41.1% | ||
| Q2 25 | -18.7% | 37.2% | ||
| Q1 25 | 3.9% | 16.4% | ||
| Q4 24 | 20.1% | 39.0% | ||
| Q3 24 | -14.4% | 40.7% | ||
| Q2 24 | 37.7% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $1.94 | $2.47 | ||
| Q3 25 | $-0.46 | $2.42 | ||
| Q2 25 | $-0.56 | $2.11 | ||
| Q1 25 | $0.17 | $0.87 | ||
| Q4 24 | $1.56 | $1.88 | ||
| Q3 24 | $-0.40 | $1.86 | ||
| Q2 24 | $1.32 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $554.6M | — |
| Stockholders' EquityBook value | $36.0M | $9.0B |
| Total Assets | $1.8B | $68.0B |
| Debt / EquityLower = less leverage | 15.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $157.1M | — | ||
| Q3 25 | $29.9M | — | ||
| Q2 25 | $43.0M | — | ||
| Q1 25 | $89.0M | — | ||
| Q4 24 | $54.9M | — | ||
| Q3 24 | $37.3M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $9.0B | ||
| Q4 25 | $36.0M | $9.1B | ||
| Q3 25 | $-65.8M | $9.0B | ||
| Q2 25 | $-13.3M | $8.8B | ||
| Q1 25 | $9.5M | $8.6B | ||
| Q4 24 | $10.3M | $5.9B | ||
| Q3 24 | $-48.7M | $5.9B | ||
| Q2 24 | $-23.2M | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $1.8B | $67.2B | ||
| Q3 25 | $1.7B | $66.0B | ||
| Q2 25 | $1.7B | $65.9B | ||
| Q1 25 | $1.7B | $65.1B | ||
| Q4 24 | $1.6B | $46.4B | ||
| Q3 24 | $1.6B | $46.1B | ||
| Q2 24 | $1.6B | $45.5B |
| Q1 26 | — | — | ||
| Q4 25 | 15.40× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.61× | — | ||
| Q4 24 | 56.61× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $164.4M | $232.1M | ||
| Q3 25 | $19.8M | $122.4M | ||
| Q2 25 | $-27.0M | $72.6M | ||
| Q1 25 | $56.8M | $-126.3M | ||
| Q4 24 | $112.9M | $354.3M | ||
| Q3 24 | $-27.4M | $-246.8M | ||
| Q2 24 | $212.0K | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $215.5M | ||
| Q3 25 | — | $101.7M | ||
| Q2 25 | — | $52.5M | ||
| Q1 25 | — | $-139.1M | ||
| Q4 24 | — | $340.9M | ||
| Q3 24 | — | $-254.2M | ||
| Q2 24 | — | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -25.5% | ||
| Q4 24 | — | 92.2% | ||
| Q3 24 | — | -72.3% | ||
| Q2 24 | — | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | 7.07× | -1.42× | ||
| Q4 24 | 1.49× | 2.46× | ||
| Q3 24 | — | -1.72× | ||
| Q2 24 | 0.00× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
