vs
Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and MATERION Corp (MTRN). Click either name above to swap in a different company.
MATERION Corp is the larger business by last-quarter revenue ($549.8M vs $403.4M, roughly 1.4× Madison Square Garden Sports Corp.). MATERION Corp runs the higher net margin — 3.5% vs 2.0%, a 1.5% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs 12.8%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
MSGS vs MTRN — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $549.8M |
| Net Profit | $8.2M | $19.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | 5.5% | 5.1% |
| Net Margin | 2.0% | 3.5% |
| Revenue YoY | 12.8% | 30.8% |
| Net Profit YoY | 641.9% | 9.5% |
| EPS (diluted) | $0.34 | — |
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.
| Q1 26 | — | $549.8M | ||
| Q4 25 | $403.4M | $489.8M | ||
| Q3 25 | $39.5M | $444.8M | ||
| Q2 25 | $204.0M | $431.7M | ||
| Q1 25 | $424.2M | $420.3M | ||
| Q4 24 | $357.8M | $436.9M | ||
| Q3 24 | $53.3M | $436.7M | ||
| Q2 24 | $227.3M | $425.9M |
| Q1 26 | — | $19.4M | ||
| Q4 25 | $8.2M | $6.6M | ||
| Q3 25 | $-8.8M | $25.4M | ||
| Q2 25 | $-1.8M | $25.1M | ||
| Q1 25 | $-14.2M | $17.7M | ||
| Q4 24 | $1.1M | $-48.9M | ||
| Q3 24 | $-7.5M | $22.3M | ||
| Q2 24 | $25.5M | $19.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.0% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 5.5% | 2.2% | ||
| Q3 25 | -69.5% | 7.9% | ||
| Q2 25 | -11.1% | 8.5% | ||
| Q1 25 | 7.6% | 6.5% | ||
| Q4 24 | 3.7% | -8.8% | ||
| Q3 24 | -15.5% | 7.2% | ||
| Q2 24 | 23.0% | 7.5% |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 2.0% | 1.3% | ||
| Q3 25 | -22.3% | 5.7% | ||
| Q2 25 | -0.9% | 5.8% | ||
| Q1 25 | -3.4% | 4.2% | ||
| Q4 24 | 0.3% | -11.2% | ||
| Q3 24 | -14.1% | 5.1% | ||
| Q2 24 | 11.2% | 4.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.34 | $0.30 | ||
| Q3 25 | $-0.37 | $1.22 | ||
| Q2 25 | $-0.08 | $1.21 | ||
| Q1 25 | $-0.59 | $0.85 | ||
| Q4 24 | $0.05 | $-2.34 | ||
| Q3 24 | $-0.31 | $1.07 | ||
| Q2 24 | $1.07 | $0.91 |
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 | $16.2M |
| Total DebtLower is stronger | — | $489.9M |
| Stockholders' EquityBook value | $-282.1M | $957.0M |
| Total Assets | $1.5B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $16.2M | ||
| Q4 25 | $81.3M | $13.7M | ||
| Q3 25 | $48.6M | $16.4M | ||
| Q2 25 | $144.6M | $12.6M | ||
| Q1 25 | $96.5M | $15.6M | ||
| Q4 24 | $107.8M | $16.7M | ||
| Q3 24 | $52.3M | $17.9M | ||
| Q2 24 | $89.1M | $17.1M |
| Q1 26 | — | $489.9M | ||
| Q4 25 | — | $460.6M | ||
| Q3 25 | — | $458.9M | ||
| Q2 25 | — | $427.6M | ||
| Q1 25 | — | $453.0M | ||
| Q4 24 | — | $443.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $957.0M | ||
| Q4 25 | $-282.1M | $943.3M | ||
| Q3 25 | $-294.2M | $934.6M | ||
| Q2 25 | $-281.4M | $910.6M | ||
| Q1 25 | $-283.4M | $887.9M | ||
| Q4 24 | $-273.1M | $868.9M | ||
| Q3 24 | $-277.5M | $931.9M | ||
| Q2 24 | $-266.3M | $907.1M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.3B | $1.8B |
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.51× | ||
| 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 | $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 | $19.5M | ||
| Q3 25 | $-85.0M | $18.3M | ||
| Q2 25 | $49.7M | $49.9M | ||
| Q1 25 | $6.3M | $15.5M | ||
| Q4 24 | $61.8M | $76.3M | ||
| Q3 24 | $-26.2M | $5.1M | ||
| Q2 24 | $108.4M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | $31.6M | — | ||
| Q3 25 | $-85.3M | — | ||
| Q2 25 | $49.4M | — | ||
| Q1 25 | $3.9M | $3.2M | ||
| Q4 24 | $61.2M | — | ||
| Q3 24 | $-26.5M | $-24.3M | ||
| Q2 24 | $108.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | — | ||
| Q3 25 | -216.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | -49.7% | -5.6% | ||
| Q2 24 | 47.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.6% | 2.9% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.7% | 6.7% | ||
| Q2 24 | 0.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.94× | 2.97× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 1.99× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | 55.61× | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | 4.25× | 1.07× |
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% |
MTRN
Segment breakdown not available.
