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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.
Madison Square Garden Sports Corp. is the larger business by last-quarter revenue ($403.4M vs $297.1M, roughly 1.4× MGIC INVESTMENT CORP). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 2.0%, a 53.6% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs -3.0%). Over the past eight quarters, MGIC INVESTMENT CORP's revenue compounded faster (-1.4% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
MSGS vs MTG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $297.1M |
| Net Profit | $8.2M | $165.3M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | — |
| Net Margin | 2.0% | 55.6% |
| Revenue YoY | 12.8% | -3.0% |
| Net Profit YoY | 641.9% | -10.9% |
| EPS (diluted) | $0.34 | $0.76 |
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 | — | $297.1M | ||
| Q4 25 | $403.4M | $298.7M | ||
| Q3 25 | $39.5M | $304.5M | ||
| Q2 25 | $204.0M | $304.2M | ||
| Q1 25 | $424.2M | $306.2M | ||
| Q4 24 | $357.8M | $301.4M | ||
| Q3 24 | $53.3M | $306.6M | ||
| Q2 24 | $227.3M | $305.3M |
| Q1 26 | — | $165.3M | ||
| Q4 25 | $8.2M | $169.3M | ||
| Q3 25 | $-8.8M | $191.1M | ||
| Q2 25 | $-1.8M | $192.5M | ||
| Q1 25 | $-14.2M | $185.5M | ||
| Q4 24 | $1.1M | $184.7M | ||
| Q3 24 | $-7.5M | $200.0M | ||
| Q2 24 | $25.5M | $204.2M |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 71.2% | ||
| Q3 25 | -69.5% | 77.2% | ||
| Q2 25 | -11.1% | 80.9% | ||
| Q1 25 | 7.6% | 76.6% | ||
| Q4 24 | 3.7% | 77.9% | ||
| Q3 24 | -15.5% | 82.9% | ||
| Q2 24 | 23.0% | 85.1% |
| Q1 26 | — | 55.6% | ||
| Q4 25 | 2.0% | 56.7% | ||
| Q3 25 | -22.3% | 62.8% | ||
| Q2 25 | -0.9% | 63.3% | ||
| Q1 25 | -3.4% | 60.6% | ||
| Q4 24 | 0.3% | 61.3% | ||
| Q3 24 | -14.1% | 65.2% | ||
| Q2 24 | 11.2% | 66.9% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.34 | $0.75 | ||
| Q3 25 | $-0.37 | $0.83 | ||
| Q2 25 | $-0.08 | $0.81 | ||
| Q1 25 | $-0.59 | $0.75 | ||
| Q4 24 | $0.05 | $0.71 | ||
| Q3 24 | $-0.31 | $0.77 | ||
| Q2 24 | $1.07 | $0.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $81.3M | $235.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $5.0B |
| Total Assets | $1.5B | $6.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $235.1M | ||
| Q4 25 | $81.3M | $369.0M | ||
| Q3 25 | $48.6M | $266.9M | ||
| Q2 25 | $144.6M | $294.9M | ||
| Q1 25 | $96.5M | $207.0M | ||
| Q4 24 | $107.8M | $229.5M | ||
| Q3 24 | $52.3M | $288.6M | ||
| Q2 24 | $89.1M | $281.8M |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $-282.1M | $5.1B | ||
| Q3 25 | $-294.2M | $5.2B | ||
| Q2 25 | $-281.4M | $5.2B | ||
| Q1 25 | $-283.4M | $5.1B | ||
| Q4 24 | $-273.1M | $5.2B | ||
| Q3 24 | $-277.5M | $5.3B | ||
| Q2 24 | $-266.3M | $5.1B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $1.5B | $6.6B | ||
| Q3 25 | $1.5B | $6.6B | ||
| Q2 25 | $1.5B | $6.5B | ||
| Q1 25 | $1.5B | $6.5B | ||
| Q4 24 | $1.4B | $6.5B | ||
| Q3 24 | $1.4B | $6.7B | ||
| Q2 24 | $1.3B | $6.5B |
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 | $32.4M | — |
| Free Cash FlowOCF − Capex | $31.6M | — |
| FCF MarginFCF / Revenue | 7.8% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 3.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $32.4M | $230.8M | ||
| Q3 25 | $-85.0M | $215.4M | ||
| Q2 25 | $49.7M | $183.0M | ||
| Q1 25 | $6.3M | $223.7M | ||
| Q4 24 | $61.8M | $182.4M | ||
| Q3 24 | $-26.2M | $182.9M | ||
| Q2 24 | $108.4M | $169.2M |
| Q1 26 | — | — | ||
| Q4 25 | $31.6M | $230.2M | ||
| Q3 25 | $-85.3M | $215.1M | ||
| Q2 25 | $49.4M | $183.0M | ||
| Q1 25 | $3.9M | $223.5M | ||
| Q4 24 | $61.2M | $181.9M | ||
| Q3 24 | $-26.5M | $182.5M | ||
| Q2 24 | $108.0M | $169.0M |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 77.1% | ||
| Q3 25 | -216.3% | 70.6% | ||
| Q2 25 | 24.2% | 60.1% | ||
| Q1 25 | 0.9% | 73.0% | ||
| Q4 24 | 17.1% | 60.3% | ||
| Q3 24 | -49.7% | 59.5% | ||
| Q2 24 | 47.5% | 55.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.2% | ||
| Q3 25 | 0.9% | 0.1% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.6% | 0.0% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | 0.2% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.94× | 1.36× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | 55.61× | 0.99× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | 4.25× | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
MTG
Segment breakdown not available.
