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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $403.4M, roughly 1.7× Madison Square Garden Sports Corp.). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs 2.0%, a 3.2% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 3.6%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
MSGS vs OII — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $692.4M |
| Net Profit | $8.2M | $36.1M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | — |
| Net Margin | 2.0% | 5.2% |
| Revenue YoY | 12.8% | 3.6% |
| Net Profit YoY | 641.9% | -28.3% |
| EPS (diluted) | $0.34 | $0.36 |
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 | — | $692.4M | ||
| Q4 25 | $403.4M | $668.6M | ||
| Q3 25 | $39.5M | $742.9M | ||
| Q2 25 | $204.0M | $698.2M | ||
| Q1 25 | $424.2M | $674.5M | ||
| Q4 24 | $357.8M | $713.5M | ||
| Q3 24 | $53.3M | $679.8M | ||
| Q2 24 | $227.3M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $8.2M | $177.7M | ||
| Q3 25 | $-8.8M | $71.3M | ||
| Q2 25 | $-1.8M | $54.4M | ||
| Q1 25 | $-14.2M | $50.4M | ||
| Q4 24 | $1.1M | $56.1M | ||
| Q3 24 | $-7.5M | $41.2M | ||
| Q2 24 | $25.5M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 9.8% | ||
| Q3 25 | -69.5% | 11.6% | ||
| Q2 25 | -11.1% | 11.3% | ||
| Q1 25 | 7.6% | 10.9% | ||
| Q4 24 | 3.7% | 10.9% | ||
| Q3 24 | -15.5% | 10.5% | ||
| Q2 24 | 23.0% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 2.0% | 26.6% | ||
| Q3 25 | -22.3% | 9.6% | ||
| Q2 25 | -0.9% | 7.8% | ||
| Q1 25 | -3.4% | 7.5% | ||
| Q4 24 | 0.3% | 7.9% | ||
| Q3 24 | -14.1% | 6.1% | ||
| Q2 24 | 11.2% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.34 | $1.75 | ||
| Q3 25 | $-0.37 | $0.71 | ||
| Q2 25 | $-0.08 | $0.54 | ||
| Q1 25 | $-0.59 | $0.49 | ||
| Q4 24 | $0.05 | $0.55 | ||
| Q3 24 | $-0.31 | $0.40 | ||
| Q2 24 | $1.07 | $0.34 |
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 | — |
| Total DebtLower is stronger | — | $488.8M |
| Stockholders' EquityBook value | $-282.1M | $1.1B |
| Total Assets | $1.5B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $81.3M | $695.9M | ||
| Q3 25 | $48.6M | $7.0M | ||
| Q2 25 | $144.6M | $7.0M | ||
| Q1 25 | $96.5M | $7.0M | ||
| Q4 24 | $107.8M | $504.5M | ||
| Q3 24 | $52.3M | — | ||
| Q2 24 | $89.1M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $-282.1M | $1.1B | ||
| Q3 25 | $-294.2M | $907.7M | ||
| Q2 25 | $-281.4M | $842.1M | ||
| Q1 25 | $-283.4M | $773.1M | ||
| Q4 24 | $-273.1M | $714.3M | ||
| Q3 24 | $-277.5M | $698.0M | ||
| Q2 24 | $-266.3M | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.3B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| 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 | $-76.5M |
| FCF MarginFCF / Revenue | 7.8% | -11.1% |
| Capex IntensityCapex / Revenue | 0.2% | 2.5% |
| Cash ConversionOCF / Net Profit | 3.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $32.4M | $221.1M | ||
| Q3 25 | $-85.0M | $101.3M | ||
| Q2 25 | $49.7M | $77.2M | ||
| Q1 25 | $6.3M | $-80.7M | ||
| Q4 24 | $61.8M | $128.4M | ||
| Q3 24 | $-26.2M | $91.9M | ||
| Q2 24 | $108.4M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $31.6M | $190.7M | ||
| Q3 25 | $-85.3M | $77.0M | ||
| Q2 25 | $49.4M | $46.9M | ||
| Q1 25 | $3.9M | $-106.8M | ||
| Q4 24 | $61.2M | $94.5M | ||
| Q3 24 | $-26.5M | $67.0M | ||
| Q2 24 | $108.0M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 7.8% | 28.5% | ||
| Q3 25 | -216.3% | 10.4% | ||
| Q2 25 | 24.2% | 6.7% | ||
| Q1 25 | 0.9% | -15.8% | ||
| Q4 24 | 17.1% | 13.2% | ||
| Q3 24 | -49.7% | 9.9% | ||
| Q2 24 | 47.5% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 0.2% | 4.6% | ||
| Q3 25 | 0.9% | 3.3% | ||
| Q2 25 | 0.2% | 4.3% | ||
| Q1 25 | 0.6% | 3.9% | ||
| Q4 24 | 0.1% | 4.7% | ||
| Q3 24 | 0.7% | 3.7% | ||
| Q2 24 | 0.2% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.94× | 1.24× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | -1.60× | ||
| Q4 24 | 55.61× | 2.29× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | 4.25× | 1.50× |
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% |
OII
Segment breakdown not available.
