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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and Simpson Manufacturing Co., Inc. (SSD). Click either name above to swap in a different company.
Simpson Manufacturing Co., Inc. is the larger business by last-quarter revenue ($539.3M vs $424.8M, roughly 1.3× Madison Square Garden Entertainment Corp.). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs 10.4%, a 11.4% gap on every dollar of revenue. On growth, Madison Square Garden Entertainment Corp. posted the faster year-over-year revenue change (12.5% vs 4.2%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 0.8%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
MSGE vs SSD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $539.3M |
| Net Profit | $92.7M | $56.2M |
| Gross Margin | — | 43.4% |
| Operating Margin | 38.6% | 13.9% |
| Net Margin | 21.8% | 10.4% |
| Revenue YoY | 12.5% | 4.2% |
| Net Profit YoY | 22.2% | 1.4% |
| EPS (diluted) | $1.94 | $1.34 |
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 | $539.3M | ||
| Q3 25 | $154.1M | $623.5M | ||
| Q2 25 | $145.1M | $631.1M | ||
| Q1 25 | $206.0M | $538.9M | ||
| Q4 24 | $377.6M | $517.4M | ||
| Q3 24 | $134.1M | $587.2M | ||
| Q2 24 | $177.6M | $597.0M | ||
| Q1 24 | $191.6M | $530.6M |
| Q4 25 | $92.7M | $56.2M | ||
| Q3 25 | $-21.7M | $107.4M | ||
| Q2 25 | $-27.2M | $103.5M | ||
| Q1 25 | $8.0M | $77.9M | ||
| Q4 24 | $75.9M | $55.4M | ||
| Q3 24 | $-19.3M | $93.5M | ||
| Q2 24 | $66.9M | $97.8M | ||
| Q1 24 | $2.8M | $75.4M |
| Q4 25 | — | 43.4% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 46.7% | ||
| Q1 25 | — | 46.8% | ||
| Q4 24 | — | 44.0% | ||
| Q3 24 | — | 46.8% | ||
| Q2 24 | — | 46.7% | ||
| Q1 24 | — | 46.1% |
| Q4 25 | 38.6% | 13.9% | ||
| Q3 25 | -19.3% | 22.6% | ||
| Q2 25 | -17.7% | 22.2% | ||
| Q1 25 | 13.3% | 19.0% | ||
| Q4 24 | 36.8% | 14.8% | ||
| Q3 24 | -13.8% | 21.3% | ||
| Q2 24 | -5.0% | 22.1% | ||
| Q1 24 | 8.8% | 18.1% |
| Q4 25 | 21.8% | 10.4% | ||
| Q3 25 | -14.0% | 17.2% | ||
| Q2 25 | -18.7% | 16.4% | ||
| Q1 25 | 3.9% | 14.5% | ||
| Q4 24 | 20.1% | 10.7% | ||
| Q3 24 | -14.4% | 15.9% | ||
| Q2 24 | 37.7% | 16.4% | ||
| Q1 24 | 1.5% | 14.2% |
| Q4 25 | $1.94 | $1.34 | ||
| Q3 25 | $-0.46 | $2.58 | ||
| Q2 25 | $-0.56 | $2.47 | ||
| Q1 25 | $0.17 | $1.85 | ||
| Q4 24 | $1.56 | $1.31 | ||
| Q3 24 | $-0.40 | $2.21 | ||
| Q2 24 | $1.32 | $2.31 | ||
| Q1 24 | $0.06 | $1.77 |
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 | $384.1M |
| Total DebtLower is stronger | $554.6M | $300.0M |
| Stockholders' EquityBook value | $36.0M | $2.0B |
| Total Assets | $1.8B | $3.1B |
| Debt / EquityLower = less leverage | 15.40× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $384.1M | ||
| Q3 25 | $29.9M | $297.3M | ||
| Q2 25 | $43.0M | $190.4M | ||
| Q1 25 | $89.0M | $150.3M | ||
| Q4 24 | $54.9M | $239.4M | ||
| Q3 24 | $37.3M | $339.4M | ||
| Q2 24 | $33.3M | $354.9M | ||
| Q1 24 | $28.0M | $369.1M |
| Q4 25 | $554.6M | $300.0M | ||
| Q3 25 | $581.7M | $371.3M | ||
| Q2 25 | $568.8M | $376.9M | ||
| Q1 25 | $577.4M | $382.5M | ||
| Q4 24 | $584.7M | $388.1M | ||
| Q3 24 | $647.0M | $393.8M | ||
| Q2 24 | $599.2M | $399.4M | ||
| Q1 24 | $602.5M | $405.0M |
| Q4 25 | $36.0M | $2.0B | ||
| Q3 25 | $-65.8M | $2.0B | ||
| Q2 25 | $-13.3M | $1.9B | ||
| Q1 25 | $9.5M | $1.9B | ||
| Q4 24 | $10.3M | $1.8B | ||
| Q3 24 | $-48.7M | $1.9B | ||
| Q2 24 | $-23.2M | $1.8B | ||
| Q1 24 | $-94.6M | $1.7B |
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | $1.7B | $3.0B | ||
| Q2 25 | $1.7B | $3.0B | ||
| Q1 25 | $1.7B | $2.8B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.6B | $2.9B | ||
| Q2 24 | $1.6B | $2.8B | ||
| Q1 24 | $1.5B | $2.7B |
| Q4 25 | 15.40× | 0.15× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | 60.61× | 0.21× | ||
| Q4 24 | 56.61× | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.23× |
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 | $155.7M |
| Free Cash FlowOCF − Capex | — | $119.0M |
| FCF MarginFCF / Revenue | — | 22.1% |
| Capex IntensityCapex / Revenue | — | 6.8% |
| Cash ConversionOCF / Net Profit | 1.77× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $297.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.4M | $155.7M | ||
| Q3 25 | $19.8M | $170.2M | ||
| Q2 25 | $-27.0M | $125.2M | ||
| Q1 25 | $56.8M | $7.6M | ||
| Q4 24 | $112.9M | $115.8M | ||
| Q3 24 | $-27.4M | $103.3M | ||
| Q2 24 | $212.0K | $111.1M | ||
| Q1 24 | $5.8M | $7.9M |
| Q4 25 | — | $119.0M | ||
| Q3 25 | — | $133.9M | ||
| Q2 25 | — | $87.3M | ||
| Q1 25 | — | $-42.6M | ||
| Q4 24 | — | $60.3M | ||
| Q3 24 | — | $58.1M | ||
| Q2 24 | — | $70.9M | ||
| Q1 24 | — | $-31.5M |
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | — | -7.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | -5.9% |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 7.4% |
| Q4 25 | 1.77× | 2.77× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | 7.07× | 0.10× | ||
| Q4 24 | 1.49× | 2.09× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | 0.00× | 1.14× | ||
| Q1 24 | 2.08× | 0.11× |
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% |
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
