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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and Enpro Inc. (NPO). 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 $295.4M, roughly 1.4× Enpro Inc.). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs -10.8%, a 12.9% gap on every dollar of revenue. On growth, Enpro Inc. posted the faster year-over-year revenue change (14.3% vs 12.8%). Over the past eight quarters, Enpro Inc.'s revenue compounded faster (7.1% CAGR vs -3.1%).

Madison Square Garden Sports Corp. is an American sports holding company based in New York City.

Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...

MSGS vs NPO — Head-to-Head

Bigger by revenue
MSGS
MSGS
1.4× larger
MSGS
$403.4M
$295.4M
NPO
Growing faster (revenue YoY)
NPO
NPO
+1.6% gap
NPO
14.3%
12.8%
MSGS
Higher net margin
MSGS
MSGS
12.9% more per $
MSGS
2.0%
-10.8%
NPO
Faster 2-yr revenue CAGR
NPO
NPO
Annualised
NPO
7.1%
-3.1%
MSGS

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSGS
MSGS
NPO
NPO
Revenue
$403.4M
$295.4M
Net Profit
$8.2M
$-32.0M
Gross Margin
42.1%
Operating Margin
5.5%
11.2%
Net Margin
2.0%
-10.8%
Revenue YoY
12.8%
14.3%
Net Profit YoY
641.9%
-330.2%
EPS (diluted)
$0.34
$-1.50

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.

Revenue
MSGS
MSGS
NPO
NPO
Q4 25
$403.4M
$295.4M
Q3 25
$39.5M
$286.6M
Q2 25
$204.0M
$288.1M
Q1 25
$424.2M
$273.2M
Q4 24
$357.8M
$258.4M
Q3 24
$53.3M
$260.9M
Q2 24
$227.3M
$271.9M
Q1 24
$430.0M
$257.5M
Net Profit
MSGS
MSGS
NPO
NPO
Q4 25
$8.2M
$-32.0M
Q3 25
$-8.8M
$21.6M
Q2 25
$-1.8M
$26.4M
Q1 25
$-14.2M
$24.5M
Q4 24
$1.1M
$13.9M
Q3 24
$-7.5M
$19.8M
Q2 24
$25.5M
$26.7M
Q1 24
$37.9M
$12.5M
Gross Margin
MSGS
MSGS
NPO
NPO
Q4 25
42.1%
Q3 25
41.9%
Q2 25
43.3%
Q1 25
43.3%
Q4 24
42.3%
Q3 24
42.3%
Q2 24
43.8%
Q1 24
41.2%
Operating Margin
MSGS
MSGS
NPO
NPO
Q4 25
5.5%
11.2%
Q3 25
-69.5%
14.3%
Q2 25
-11.1%
15.9%
Q1 25
7.6%
15.3%
Q4 24
3.7%
12.5%
Q3 24
-15.5%
13.1%
Q2 24
23.0%
17.7%
Q1 24
18.5%
10.9%
Net Margin
MSGS
MSGS
NPO
NPO
Q4 25
2.0%
-10.8%
Q3 25
-22.3%
7.5%
Q2 25
-0.9%
9.2%
Q1 25
-3.4%
9.0%
Q4 24
0.3%
5.4%
Q3 24
-14.1%
7.6%
Q2 24
11.2%
9.8%
Q1 24
8.8%
4.9%
EPS (diluted)
MSGS
MSGS
NPO
NPO
Q4 25
$0.34
$-1.50
Q3 25
$-0.37
$1.01
Q2 25
$-0.08
$1.25
Q1 25
$-0.59
$1.15
Q4 24
$0.05
$0.65
Q3 24
$-0.31
$0.94
Q2 24
$1.07
$1.27
Q1 24
$1.57
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MSGS
MSGS
NPO
NPO
Cash + ST InvestmentsLiquidity on hand
$81.3M
$114.7M
Total DebtLower is stronger
$655.3M
Stockholders' EquityBook value
$-282.1M
$1.5B
Total Assets
$1.5B
$2.7B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSGS
MSGS
NPO
NPO
Q4 25
$81.3M
$114.7M
Q3 25
$48.6M
$132.9M
Q2 25
$144.6M
$107.1M
Q1 25
$96.5M
$240.3M
Q4 24
$107.8M
$236.3M
Q3 24
$52.3M
$206.9M
Q2 24
$89.1M
$175.9M
Q1 24
$40.0M
$163.9M
Total Debt
MSGS
MSGS
NPO
NPO
Q4 25
$655.3M
Q3 25
Q2 25
Q1 25
Q4 24
$640.1M
Q3 24
Q2 24
Q1 24
$644.9M
Stockholders' Equity
MSGS
MSGS
NPO
NPO
Q4 25
$-282.1M
$1.5B
Q3 25
$-294.2M
$1.5B
Q2 25
$-281.4M
$1.5B
Q1 25
$-283.4M
$1.5B
Q4 24
$-273.1M
$1.4B
Q3 24
$-277.5M
$1.5B
Q2 24
$-266.3M
$1.4B
Q1 24
$-294.0M
$1.4B
Total Assets
MSGS
MSGS
NPO
NPO
Q4 25
$1.5B
$2.7B
Q3 25
$1.5B
$2.4B
Q2 25
$1.5B
$2.4B
Q1 25
$1.5B
$2.5B
Q4 24
$1.4B
$2.5B
Q3 24
$1.4B
$2.5B
Q2 24
$1.3B
$2.5B
Q1 24
$1.4B
$2.5B
Debt / Equity
MSGS
MSGS
NPO
NPO
Q4 25
0.42×
Q3 25
Q2 25
Q1 25
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MSGS
MSGS
NPO
NPO
Operating Cash FlowLast quarter
$32.4M
Free Cash FlowOCF − Capex
$31.6M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
0.2%
4.1%
Cash ConversionOCF / Net Profit
3.94×
TTM Free Cash FlowTrailing 4 quarters
$-480.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSGS
MSGS
NPO
NPO
Q4 25
$32.4M
Q3 25
$-85.0M
$65.3M
Q2 25
$49.7M
$52.2M
Q1 25
$6.3M
$21.0M
Q4 24
$61.8M
$59.4M
Q3 24
$-26.2M
$54.0M
Q2 24
$108.4M
$43.2M
Q1 24
$4.0M
$6.3M
Free Cash Flow
MSGS
MSGS
NPO
NPO
Q4 25
$31.6M
Q3 25
$-85.3M
$53.4M
Q2 25
$49.4M
$42.3M
Q1 25
$3.9M
$13.0M
Q4 24
$61.2M
$49.1M
Q3 24
$-26.5M
$48.3M
Q2 24
$108.0M
$38.3M
Q1 24
$3.9M
$-1.9M
FCF Margin
MSGS
MSGS
NPO
NPO
Q4 25
7.8%
Q3 25
-216.3%
18.6%
Q2 25
24.2%
14.7%
Q1 25
0.9%
4.8%
Q4 24
17.1%
19.0%
Q3 24
-49.7%
18.5%
Q2 24
47.5%
14.1%
Q1 24
0.9%
-0.7%
Capex Intensity
MSGS
MSGS
NPO
NPO
Q4 25
0.2%
4.1%
Q3 25
0.9%
4.2%
Q2 25
0.2%
3.4%
Q1 25
0.6%
2.9%
Q4 24
0.1%
4.0%
Q3 24
0.7%
2.2%
Q2 24
0.2%
1.8%
Q1 24
0.0%
3.2%
Cash Conversion
MSGS
MSGS
NPO
NPO
Q4 25
3.94×
Q3 25
3.02×
Q2 25
1.98×
Q1 25
0.86×
Q4 24
55.61×
4.27×
Q3 24
2.73×
Q2 24
4.25×
1.62×
Q1 24
0.11×
0.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MSGS
MSGS

Event Related$167.2M41%
Media Rights$122.3M30%
Sponsorship Signage And Suite Licenses$98.5M24%
League Distribution$15.4M4%

NPO
NPO

Sealing Technologies Segment$187.0M63%
General Industrial$71.3M24%
Power Generation$19.9M7%
Oiland Gas Market$15.0M5%
Semiconductors$2.2M1%

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