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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and Orla Mining Ltd. (ORLA). 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 $251.2M, roughly 1.6× Orla Mining Ltd.).

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

Orla Mining Ltd. is a Canada-based mineral exploration and development firm focused on high-grade gold and precious metal assets in North and Central America, with core projects in Mexico and Nevada, U.S. It follows sustainable responsible mining practices, collaborates with local communities, and delivers long-term value to stakeholders.

MSGS vs ORLA — Head-to-Head

Bigger by revenue
MSGS
MSGS
1.6× larger
MSGS
$403.4M
$251.2M
ORLA

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
MSGS
MSGS
ORLA
ORLA
Revenue
$403.4M
$251.2M
Net Profit
$8.2M
Gross Margin
Operating Margin
5.5%
Net Margin
2.0%
Revenue YoY
12.8%
Net Profit YoY
641.9%
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.

Revenue
MSGS
MSGS
ORLA
ORLA
Q4 25
$403.4M
Q3 25
$39.5M
$251.2M
Q2 25
$204.0M
$151.8M
Q1 25
$424.2M
Q4 24
$357.8M
Q3 24
$53.3M
$584.4M
Q2 24
$227.3M
$110.4M
Q1 24
$430.0M
Net Profit
MSGS
MSGS
ORLA
ORLA
Q4 25
$8.2M
Q3 25
$-8.8M
Q2 25
$-1.8M
Q1 25
$-14.2M
Q4 24
$1.1M
Q3 24
$-7.5M
$-368.9M
Q2 24
$25.5M
Q1 24
$37.9M
Operating Margin
MSGS
MSGS
ORLA
ORLA
Q4 25
5.5%
Q3 25
-69.5%
Q2 25
-11.1%
Q1 25
7.6%
Q4 24
3.7%
Q3 24
-15.5%
Q2 24
23.0%
Q1 24
18.5%
Net Margin
MSGS
MSGS
ORLA
ORLA
Q4 25
2.0%
Q3 25
-22.3%
Q2 25
-0.9%
Q1 25
-3.4%
Q4 24
0.3%
Q3 24
-14.1%
-63.1%
Q2 24
11.2%
Q1 24
8.8%
EPS (diluted)
MSGS
MSGS
ORLA
ORLA
Q4 25
$0.34
Q3 25
$-0.37
Q2 25
$-0.08
Q1 25
$-0.59
Q4 24
$0.05
Q3 24
$-0.31
Q2 24
$1.07
Q1 24
$1.57

Balance Sheet & Financial Strength

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

Metric
MSGS
MSGS
ORLA
ORLA
Cash + ST InvestmentsLiquidity on hand
$81.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-282.1M
$507.4M
Total Assets
$1.5B
$598.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSGS
MSGS
ORLA
ORLA
Q4 25
$81.3M
Q3 25
$48.6M
Q2 25
$144.6M
Q1 25
$96.5M
Q4 24
$107.8M
Q3 24
$52.3M
Q2 24
$89.1M
$96.6M
Q1 24
$40.0M
Stockholders' Equity
MSGS
MSGS
ORLA
ORLA
Q4 25
$-282.1M
Q3 25
$-294.2M
$507.4M
Q2 25
$-281.4M
$507.4M
Q1 25
$-283.4M
Q4 24
$-273.1M
Q3 24
$-277.5M
$968.6M
Q2 24
$-266.3M
$400.5M
Q1 24
$-294.0M
Total Assets
MSGS
MSGS
ORLA
ORLA
Q4 25
$1.5B
Q3 25
$1.5B
$598.3M
Q2 25
$1.5B
$598.3M
Q1 25
$1.5B
Q4 24
$1.4B
Q3 24
$1.4B
$1.3B
Q2 24
$1.3B
$535.8M
Q1 24
$1.4B

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
ORLA
ORLA
Operating Cash FlowLast quarter
$32.4M
$126.9M
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.

Operating Cash Flow
MSGS
MSGS
ORLA
ORLA
Q4 25
$32.4M
Q3 25
$-85.0M
$126.9M
Q2 25
$49.7M
$74.9M
Q1 25
$6.3M
Q4 24
$61.8M
Q3 24
$-26.2M
$92.4M
Q2 24
$108.4M
$22.4M
Q1 24
$4.0M
Free Cash Flow
MSGS
MSGS
ORLA
ORLA
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
FCF Margin
MSGS
MSGS
ORLA
ORLA
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%
Capex Intensity
MSGS
MSGS
ORLA
ORLA
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%
Cash Conversion
MSGS
MSGS
ORLA
ORLA
Q4 25
3.94×
Q3 25
Q2 25
Q1 25
Q4 24
55.61×
Q3 24
Q2 24
4.25×
Q1 24
0.11×

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%

ORLA
ORLA

Segment breakdown not available.

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