vs
Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and Westrock Coffee Co (WEST). 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 $339.5M, roughly 1.3× Westrock Coffee Co). Madison Square Garden Entertainment Corp. runs the higher net margin — 21.8% vs -6.6%, a 28.5% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 12.5%). Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 32.8%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
MSGE vs WEST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $339.5M |
| Net Profit | $92.7M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | 38.6% | -2.6% |
| Net Margin | 21.8% | -6.6% |
| Revenue YoY | 12.5% | 48.3% |
| Net Profit YoY | 22.2% | 8.3% |
| EPS (diluted) | $1.94 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $154.1M | $354.8M | ||
| Q2 25 | $145.1M | $280.9M | ||
| Q1 25 | $206.0M | $213.8M | ||
| Q4 24 | $377.6M | $229.0M | ||
| Q3 24 | $134.1M | $220.9M | ||
| Q2 24 | $177.6M | $208.4M | ||
| Q1 24 | $191.6M | $192.5M |
| Q4 25 | $92.7M | $-22.6M | ||
| Q3 25 | $-21.7M | $-19.1M | ||
| Q2 25 | $-27.2M | $-21.6M | ||
| Q1 25 | $8.0M | $-27.2M | ||
| Q4 24 | $75.9M | $-24.6M | ||
| Q3 24 | $-19.3M | $-14.3M | ||
| Q2 24 | $66.9M | $-17.8M | ||
| Q1 24 | $2.8M | $-23.7M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 38.6% | -2.6% | ||
| Q3 25 | -19.3% | -2.4% | ||
| Q2 25 | -17.7% | -5.3% | ||
| Q1 25 | 13.3% | -6.1% | ||
| Q4 24 | 36.8% | -4.3% | ||
| Q3 24 | -13.8% | -5.8% | ||
| Q2 24 | -5.0% | -7.9% | ||
| Q1 24 | 8.8% | -5.3% |
| Q4 25 | 21.8% | -6.6% | ||
| Q3 25 | -14.0% | -5.4% | ||
| Q2 25 | -18.7% | -7.7% | ||
| Q1 25 | 3.9% | -12.7% | ||
| Q4 24 | 20.1% | -10.7% | ||
| Q3 24 | -14.4% | -6.5% | ||
| Q2 24 | 37.7% | -8.5% | ||
| Q1 24 | 1.5% | -12.3% |
| Q4 25 | $1.94 | $-0.22 | ||
| Q3 25 | $-0.46 | $-0.20 | ||
| Q2 25 | $-0.56 | $-0.23 | ||
| Q1 25 | $0.17 | $-0.29 | ||
| Q4 24 | $1.56 | $-0.26 | ||
| Q3 24 | $-0.40 | $-0.16 | ||
| Q2 24 | $1.32 | $-0.20 | ||
| Q1 24 | $0.06 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | $554.6M | $444.1M |
| Stockholders' EquityBook value | $36.0M | $-1.9M |
| Total Assets | $1.8B | $1.2B |
| Debt / EquityLower = less leverage | 15.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $49.9M | ||
| Q3 25 | $29.9M | $34.0M | ||
| Q2 25 | $43.0M | $44.0M | ||
| Q1 25 | $89.0M | $33.1M | ||
| Q4 24 | $54.9M | $26.2M | ||
| Q3 24 | $37.3M | $22.4M | ||
| Q2 24 | $33.3M | $24.3M | ||
| Q1 24 | $28.0M | $12.6M |
| Q4 25 | $554.6M | $444.1M | ||
| Q3 25 | $581.7M | — | ||
| Q2 25 | $568.8M | — | ||
| Q1 25 | $577.4M | — | ||
| Q4 24 | $584.7M | $393.1M | ||
| Q3 24 | $647.0M | — | ||
| Q2 24 | $599.2M | — | ||
| Q1 24 | $602.5M | — |
| Q4 25 | $36.0M | $-1.9M | ||
| Q3 25 | $-65.8M | $11.4M | ||
| Q2 25 | $-13.3M | $18.2M | ||
| Q1 25 | $9.5M | $71.4M | ||
| Q4 24 | $10.3M | $97.5M | ||
| Q3 24 | $-48.7M | $110.3M | ||
| Q2 24 | $-23.2M | $81.5M | ||
| Q1 24 | $-94.6M | $91.7M |
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.5B | $983.3M |
| Q4 25 | 15.40× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.61× | — | ||
| Q4 24 | 56.61× | 4.03× | ||
| 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 | $36.7M |
| Free Cash FlowOCF − Capex | — | $27.8M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | 1.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.4M | $36.7M | ||
| Q3 25 | $19.8M | $-26.6M | ||
| Q2 25 | $-27.0M | $-7.0M | ||
| Q1 25 | $56.8M | $-22.1M | ||
| Q4 24 | $112.9M | $2.8M | ||
| Q3 24 | $-27.4M | $-332.0K | ||
| Q2 24 | $212.0K | $-23.7M | ||
| Q1 24 | $5.8M | $8.0M |
| Q4 25 | — | $27.8M | ||
| Q3 25 | — | $-44.7M | ||
| Q2 25 | — | $-27.5M | ||
| Q1 25 | — | $-63.4M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | — | $-36.7M | ||
| Q2 24 | — | $-59.9M | ||
| Q1 24 | — | $-60.9M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -29.7% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -16.6% | ||
| Q2 24 | — | -28.7% | ||
| Q1 24 | — | -31.7% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | 1.77× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.07× | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
