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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and Metallus Inc. (MTUS). 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 $267.3M, roughly 1.5× Metallus Inc.). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs -5.3%, a 7.4% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 11.1%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $-37.2M). Over the past eight quarters, Madison Square Garden Sports Corp.'s revenue compounded faster (-3.1% CAGR vs -8.8%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
MSGS vs MTUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $267.3M |
| Net Profit | $8.2M | $-14.3M |
| Gross Margin | — | 2.2% |
| Operating Margin | 5.5% | -7.7% |
| Net Margin | 2.0% | -5.3% |
| Revenue YoY | 12.8% | 11.1% |
| Net Profit YoY | 641.9% | 33.2% |
| EPS (diluted) | $0.34 | $-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.
| Q4 25 | $403.4M | $267.3M | ||
| Q3 25 | $39.5M | $305.9M | ||
| Q2 25 | $204.0M | $304.6M | ||
| Q1 25 | $424.2M | $280.5M | ||
| Q4 24 | $357.8M | $240.5M | ||
| Q3 24 | $53.3M | $227.2M | ||
| Q2 24 | $227.3M | $294.7M | ||
| Q1 24 | $430.0M | $321.6M |
| Q4 25 | $8.2M | $-14.3M | ||
| Q3 25 | $-8.8M | $8.1M | ||
| Q2 25 | $-1.8M | $3.7M | ||
| Q1 25 | $-14.2M | $1.3M | ||
| Q4 24 | $1.1M | $-21.4M | ||
| Q3 24 | $-7.5M | $-5.9M | ||
| Q2 24 | $25.5M | $4.6M | ||
| Q1 24 | $37.9M | $24.0M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 15.7% |
| Q4 25 | 5.5% | -7.7% | ||
| Q3 25 | -69.5% | 3.6% | ||
| Q2 25 | -11.1% | 2.8% | ||
| Q1 25 | 7.6% | 1.0% | ||
| Q4 24 | 3.7% | -10.1% | ||
| Q3 24 | -15.5% | -3.1% | ||
| Q2 24 | 23.0% | 2.1% | ||
| Q1 24 | 18.5% | 9.3% |
| Q4 25 | 2.0% | -5.3% | ||
| Q3 25 | -22.3% | 2.6% | ||
| Q2 25 | -0.9% | 1.2% | ||
| Q1 25 | -3.4% | 0.5% | ||
| Q4 24 | 0.3% | -8.9% | ||
| Q3 24 | -14.1% | -2.6% | ||
| Q2 24 | 11.2% | 1.6% | ||
| Q1 24 | 8.8% | 7.5% |
| Q4 25 | $0.34 | $-0.34 | ||
| Q3 25 | $-0.37 | $0.19 | ||
| Q2 25 | $-0.08 | $0.09 | ||
| Q1 25 | $-0.59 | $0.03 | ||
| Q4 24 | $0.05 | $-0.46 | ||
| Q3 24 | $-0.31 | $-0.13 | ||
| Q2 24 | $1.07 | $0.10 | ||
| Q1 24 | $1.57 | $0.52 |
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 | $156.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $686.0M |
| Total Assets | $1.5B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $156.7M | ||
| Q3 25 | $48.6M | $191.5M | ||
| Q2 25 | $144.6M | $190.8M | ||
| Q1 25 | $96.5M | $180.3M | ||
| Q4 24 | $107.8M | $240.7M | ||
| Q3 24 | $52.3M | $254.6M | ||
| Q2 24 | $89.1M | $272.8M | ||
| Q1 24 | $40.0M | $278.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $13.2M |
| Q4 25 | $-282.1M | $686.0M | ||
| Q3 25 | $-294.2M | $697.7M | ||
| Q2 25 | $-281.4M | $690.0M | ||
| Q1 25 | $-283.4M | $686.1M | ||
| Q4 24 | $-273.1M | $690.5M | ||
| Q3 24 | $-277.5M | $712.7M | ||
| Q2 24 | $-266.3M | $736.3M | ||
| Q1 24 | $-294.0M | $739.3M |
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.4B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
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 | $-1.9M |
| Free Cash FlowOCF − Capex | $31.6M | $-37.2M |
| FCF MarginFCF / Revenue | 7.8% | -13.9% |
| Capex IntensityCapex / Revenue | 0.2% | 13.2% |
| Cash ConversionOCF / Net Profit | 3.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $-1.9M | ||
| Q3 25 | $-85.0M | $22.0M | ||
| Q2 25 | $49.7M | $34.8M | ||
| Q1 25 | $6.3M | $-38.9M | ||
| Q4 24 | $61.8M | $13.9M | ||
| Q3 24 | $-26.2M | $-15.3M | ||
| Q2 24 | $108.4M | $8.3M | ||
| Q1 24 | $4.0M | $33.4M |
| Q4 25 | $31.6M | $-37.2M | ||
| Q3 25 | $-85.3M | $-6.4M | ||
| Q2 25 | $49.4M | $17.0M | ||
| Q1 25 | $3.9M | $-66.4M | ||
| Q4 24 | $61.2M | $-1.3M | ||
| Q3 24 | $-26.5M | $-32.9M | ||
| Q2 24 | $108.0M | $-5.8M | ||
| Q1 24 | $3.9M | $16.0M |
| Q4 25 | 7.8% | -13.9% | ||
| Q3 25 | -216.3% | -2.1% | ||
| Q2 25 | 24.2% | 5.6% | ||
| Q1 25 | 0.9% | -23.7% | ||
| Q4 24 | 17.1% | -0.5% | ||
| Q3 24 | -49.7% | -14.5% | ||
| Q2 24 | 47.5% | -2.0% | ||
| Q1 24 | 0.9% | 5.0% |
| Q4 25 | 0.2% | 13.2% | ||
| Q3 25 | 0.9% | 9.3% | ||
| Q2 25 | 0.2% | 5.8% | ||
| Q1 25 | 0.6% | 9.8% | ||
| Q4 24 | 0.1% | 6.3% | ||
| Q3 24 | 0.7% | 7.7% | ||
| Q2 24 | 0.2% | 4.8% | ||
| Q1 24 | 0.0% | 5.4% |
| Q4 25 | 3.94× | — | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 9.41× | ||
| Q1 25 | — | -29.92× | ||
| Q4 24 | 55.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.25× | 1.80× | ||
| Q1 24 | 0.11× | 1.39× |
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% |
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
