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Side-by-side financial comparison of Madison Square Garden Entertainment Corp. (MSGE) and WESBANCO INC (WSBC). 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 $257.2M, roughly 1.7× WESBANCO INC). WESBANCO INC runs the higher net margin — 34.5% vs 21.8%, a 12.6% gap on every dollar of revenue. Over the past eight quarters, Madison Square Garden Entertainment Corp.'s revenue compounded faster (48.9% CAGR vs 31.9%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
MSGE vs WSBC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $424.8M | $257.2M |
| Net Profit | $92.7M | $88.6M |
| Gross Margin | — | — |
| Operating Margin | 38.6% | — |
| Net Margin | 21.8% | 34.5% |
| Revenue YoY | 12.5% | — |
| Net Profit YoY | 22.2% | 54.4% |
| EPS (diluted) | $1.94 | $0.88 |
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 | — | $257.2M | ||
| Q4 25 | $424.8M | $265.6M | ||
| Q3 25 | $154.1M | $261.6M | ||
| Q2 25 | $145.1M | $260.7M | ||
| Q1 25 | $206.0M | $193.2M | ||
| Q4 24 | $377.6M | $162.9M | ||
| Q3 24 | $134.1M | $150.8M | ||
| Q2 24 | $177.6M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $92.7M | $91.1M | ||
| Q3 25 | $-21.7M | $83.6M | ||
| Q2 25 | $-27.2M | $57.4M | ||
| Q1 25 | $8.0M | $-9.0M | ||
| Q4 24 | $75.9M | $49.6M | ||
| Q3 24 | $-19.3M | $37.3M | ||
| Q2 24 | $66.9M | $28.9M |
| Q1 26 | — | — | ||
| Q4 25 | 38.6% | 43.2% | ||
| Q3 25 | -19.3% | 39.5% | ||
| Q2 25 | -17.7% | 27.2% | ||
| Q1 25 | 13.3% | -5.0% | ||
| Q4 24 | 36.8% | 38.0% | ||
| Q3 24 | -13.8% | 29.7% | ||
| Q2 24 | -5.0% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | 21.8% | 34.3% | ||
| Q3 25 | -14.0% | 31.9% | ||
| Q2 25 | -18.7% | 22.0% | ||
| Q1 25 | 3.9% | -4.7% | ||
| Q4 24 | 20.1% | 30.5% | ||
| Q3 24 | -14.4% | 24.7% | ||
| Q2 24 | 37.7% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $1.94 | $0.97 | ||
| Q3 25 | $-0.46 | $0.84 | ||
| Q2 25 | $-0.56 | $0.57 | ||
| Q1 25 | $0.17 | $-0.15 | ||
| Q4 24 | $1.56 | $0.72 | ||
| Q3 24 | $-0.40 | $0.54 | ||
| Q2 24 | $1.32 | $0.44 |
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 | — |
| Total DebtLower is stronger | $554.6M | — |
| Stockholders' EquityBook value | $36.0M | $4.1B |
| Total Assets | $1.8B | $27.5B |
| Debt / EquityLower = less leverage | 15.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $157.1M | $956.1M | ||
| Q3 25 | $29.9M | $1.0B | ||
| Q2 25 | $43.0M | $1.2B | ||
| Q1 25 | $89.0M | $1.1B | ||
| Q4 24 | $54.9M | $568.1M | ||
| Q3 24 | $37.3M | $620.9M | ||
| Q2 24 | $33.3M | $486.8M |
| 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 | — | $4.1B | ||
| Q4 25 | $36.0M | $4.0B | ||
| Q3 25 | $-65.8M | $4.1B | ||
| Q2 25 | $-13.3M | $3.8B | ||
| Q1 25 | $9.5M | $3.8B | ||
| Q4 24 | $10.3M | $2.8B | ||
| Q3 24 | $-48.7M | $2.8B | ||
| Q2 24 | $-23.2M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $1.8B | $27.7B | ||
| Q3 25 | $1.7B | $27.5B | ||
| Q2 25 | $1.7B | $27.6B | ||
| Q1 25 | $1.7B | $27.4B | ||
| Q4 24 | $1.6B | $18.7B | ||
| Q3 24 | $1.6B | $18.5B | ||
| Q2 24 | $1.6B | $18.1B |
| 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 | $290.4M | ||
| Q3 25 | $19.8M | $116.9M | ||
| Q2 25 | $-27.0M | $105.0M | ||
| Q1 25 | $56.8M | $-26.4M | ||
| Q4 24 | $112.9M | $211.0M | ||
| Q3 24 | $-27.4M | $60.7M | ||
| Q2 24 | $212.0K | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $280.0M | ||
| Q3 25 | — | $114.9M | ||
| Q2 25 | — | $98.3M | ||
| Q1 25 | — | $-30.7M | ||
| Q4 24 | — | $200.7M | ||
| Q3 24 | — | $56.9M | ||
| Q2 24 | — | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 105.4% | ||
| Q3 25 | — | 43.9% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | -15.9% | ||
| Q4 24 | — | 123.2% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 3.19× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 1.49× | 4.25× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | 0.00× | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
