vs
Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and NIQ Global Intelligence plc (NIQ). 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 $204.2M, roughly 2.0× NIQ Global Intelligence plc). NIQ Global Intelligence plc runs the higher net margin — 88.6% vs 2.0%, a 86.5% gap on every dollar of revenue.
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
NIQ Global Intelligence plc, operating as NielsenIQ, is a leading global provider of consumer behavior insights, retail analytics, and market measurement services. It serves CPG brands, retailers, and media entities across 100+ markets, delivering data-backed solutions to help clients understand shopper preferences and optimize business strategies.
MSGS vs NIQ — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $204.2M |
| Net Profit | $8.2M | $180.8M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | — |
| Net Margin | 2.0% | 88.6% |
| Revenue YoY | 12.8% | — |
| Net Profit YoY | 641.9% | — |
| EPS (diluted) | $0.34 | $0.83 |
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 | $204.2M | ||
| Q3 25 | $39.5M | $205.1M | ||
| Q2 25 | $204.0M | $213.4M | ||
| Q1 25 | $424.2M | $221.8M | ||
| Q4 24 | $357.8M | — | ||
| Q3 24 | $53.3M | $207.3M | ||
| Q2 24 | $227.3M | $212.4M | ||
| Q1 24 | $430.0M | $207.4M |
| Q4 25 | $8.2M | $180.8M | ||
| Q3 25 | $-8.8M | $-16.2M | ||
| Q2 25 | $-1.8M | $110.3M | ||
| Q1 25 | $-14.2M | $23.7M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $-7.5M | $16.7M | ||
| Q2 24 | $25.5M | $-48.6M | ||
| Q1 24 | $37.9M | $14.2M |
| Q4 25 | 5.5% | — | ||
| Q3 25 | -69.5% | — | ||
| Q2 25 | -11.1% | — | ||
| Q1 25 | 7.6% | 24.2% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | -15.5% | 21.7% | ||
| Q2 24 | 23.0% | -10.5% | ||
| Q1 24 | 18.5% | 19.0% |
| Q4 25 | 2.0% | 88.6% | ||
| Q3 25 | -22.3% | -7.9% | ||
| Q2 25 | -0.9% | 51.7% | ||
| Q1 25 | -3.4% | 10.7% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | -14.1% | 8.1% | ||
| Q2 24 | 11.2% | -22.9% | ||
| Q1 24 | 8.8% | 6.8% |
| Q4 25 | $0.34 | $0.83 | ||
| Q3 25 | $-0.37 | $-0.07 | ||
| Q2 25 | $-0.08 | $0.50 | ||
| Q1 25 | $-0.59 | $0.11 | ||
| Q4 24 | $0.05 | — | ||
| Q3 24 | $-0.31 | $0.08 | ||
| Q2 24 | $1.07 | $-0.22 | ||
| Q1 24 | $1.57 | $0.06 |
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 | $36.8M |
| Total DebtLower is stronger | — | $3.0B |
| Stockholders' EquityBook value | $-282.1M | $3.1B |
| Total Assets | $1.5B | $6.7B |
| Debt / EquityLower = less leverage | — | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $36.8M | ||
| Q3 25 | $48.6M | $68.7M | ||
| Q2 25 | $144.6M | $182.0M | ||
| Q1 25 | $96.5M | $49.1M | ||
| Q4 24 | $107.8M | — | ||
| Q3 24 | $52.3M | $467.5M | ||
| Q2 24 | $89.1M | $273.8M | ||
| Q1 24 | $40.0M | $348.6M |
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | $-282.1M | $3.1B | ||
| Q3 25 | $-294.2M | $3.2B | ||
| Q2 25 | $-281.4M | $3.3B | ||
| Q1 25 | $-283.4M | $3.3B | ||
| Q4 24 | $-273.1M | — | ||
| Q3 24 | $-277.5M | $3.3B | ||
| Q2 24 | $-266.3M | $3.4B | ||
| Q1 24 | $-294.0M | $3.5B |
| Q4 25 | $1.5B | $6.7B | ||
| Q3 25 | $1.5B | $6.6B | ||
| Q2 25 | $1.5B | $6.9B | ||
| Q1 25 | $1.5B | $6.7B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $7.1B | ||
| Q2 24 | $1.3B | $7.0B | ||
| Q1 24 | $1.4B | $7.2B |
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.89× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.97× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.90× |
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.
| Q4 25 | $32.4M | — | ||
| Q3 25 | $-85.0M | $116.2M | ||
| Q2 25 | $49.7M | $132.8M | ||
| Q1 25 | $6.3M | $74.1M | ||
| Q4 24 | $61.8M | — | ||
| Q3 24 | $-26.2M | — | ||
| Q2 24 | $108.4M | — | ||
| Q1 24 | $4.0M | $53.6M |
| Q4 25 | $31.6M | — | ||
| Q3 25 | $-85.3M | — | ||
| Q2 25 | $49.4M | — | ||
| Q1 25 | $3.9M | — | ||
| Q4 24 | $61.2M | — | ||
| Q3 24 | $-26.5M | — | ||
| Q2 24 | $108.0M | — | ||
| Q1 24 | $3.9M | — |
| Q4 25 | 7.8% | — | ||
| Q3 25 | -216.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | -49.7% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 3.94× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 3.12× | ||
| Q4 24 | 55.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.25× | — | ||
| Q1 24 | 0.11× | 3.79× |
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% |
NIQ
Segment breakdown not available.
