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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and POTLATCHDELTIC CORP (PCH). 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 $314.2M, roughly 1.3× POTLATCHDELTIC CORP). POTLATCHDELTIC CORP runs the higher net margin — 8.2% vs 2.0%, a 6.2% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs 12.8%). POTLATCHDELTIC CORP produced more free cash flow last quarter ($50.1M vs $31.6M). Over the past eight quarters, POTLATCHDELTIC CORP's revenue compounded faster (11.1% CAGR vs -3.1%).

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

PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.

MSGS vs PCH — Head-to-Head

Bigger by revenue
MSGS
MSGS
1.3× larger
MSGS
$403.4M
$314.2M
PCH
Growing faster (revenue YoY)
PCH
PCH
+10.4% gap
PCH
23.1%
12.8%
MSGS
Higher net margin
PCH
PCH
6.2% more per $
PCH
8.2%
2.0%
MSGS
More free cash flow
PCH
PCH
$18.5M more FCF
PCH
$50.1M
$31.6M
MSGS
Faster 2-yr revenue CAGR
PCH
PCH
Annualised
PCH
11.1%
-3.1%
MSGS

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
MSGS
MSGS
PCH
PCH
Revenue
$403.4M
$314.2M
Net Profit
$8.2M
$25.9M
Gross Margin
18.2%
Operating Margin
5.5%
11.2%
Net Margin
2.0%
8.2%
Revenue YoY
12.8%
23.1%
Net Profit YoY
641.9%
682.5%
EPS (diluted)
$0.34
$0.33

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
PCH
PCH
Q4 25
$403.4M
Q3 25
$39.5M
$314.2M
Q2 25
$204.0M
$275.0M
Q1 25
$424.2M
$268.3M
Q4 24
$357.8M
$258.1M
Q3 24
$53.3M
$255.1M
Q2 24
$227.3M
$320.7M
Q1 24
$430.0M
$228.1M
Net Profit
MSGS
MSGS
PCH
PCH
Q4 25
$8.2M
Q3 25
$-8.8M
$25.9M
Q2 25
$-1.8M
$7.4M
Q1 25
$-14.2M
$25.8M
Q4 24
$1.1M
$5.2M
Q3 24
$-7.5M
$3.3M
Q2 24
$25.5M
$13.7M
Q1 24
$37.9M
$-305.0K
Gross Margin
MSGS
MSGS
PCH
PCH
Q4 25
Q3 25
18.2%
Q2 25
13.0%
Q1 25
17.8%
Q4 24
13.4%
Q3 24
10.8%
Q2 24
11.9%
Q1 24
7.0%
Operating Margin
MSGS
MSGS
PCH
PCH
Q4 25
5.5%
Q3 25
-69.5%
11.2%
Q2 25
-11.1%
5.0%
Q1 25
7.6%
10.3%
Q4 24
3.7%
5.2%
Q3 24
-15.5%
2.8%
Q2 24
23.0%
5.4%
Q1 24
18.5%
-2.1%
Net Margin
MSGS
MSGS
PCH
PCH
Q4 25
2.0%
Q3 25
-22.3%
8.2%
Q2 25
-0.9%
2.7%
Q1 25
-3.4%
9.6%
Q4 24
0.3%
2.0%
Q3 24
-14.1%
1.3%
Q2 24
11.2%
4.3%
Q1 24
8.8%
-0.1%
EPS (diluted)
MSGS
MSGS
PCH
PCH
Q4 25
$0.34
Q3 25
$-0.37
$0.33
Q2 25
$-0.08
$0.09
Q1 25
$-0.59
$0.33
Q4 24
$0.05
$0.07
Q3 24
$-0.31
$0.04
Q2 24
$1.07
$0.17
Q1 24
$1.57
$0.00

Balance Sheet & Financial Strength

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

Metric
MSGS
MSGS
PCH
PCH
Cash + ST InvestmentsLiquidity on hand
$81.3M
$88.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-282.1M
$1.9B
Total Assets
$1.5B
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSGS
MSGS
PCH
PCH
Q4 25
$81.3M
Q3 25
$48.6M
$88.8M
Q2 25
$144.6M
$95.3M
Q1 25
$96.5M
$147.5M
Q4 24
$107.8M
$151.6M
Q3 24
$52.3M
$161.1M
Q2 24
$89.1M
$199.7M
Q1 24
$40.0M
$180.2M
Total Debt
MSGS
MSGS
PCH
PCH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.0B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MSGS
MSGS
PCH
PCH
Q4 25
$-282.1M
Q3 25
$-294.2M
$1.9B
Q2 25
$-281.4M
$1.9B
Q1 25
$-283.4M
$2.0B
Q4 24
$-273.1M
$2.0B
Q3 24
$-277.5M
$2.1B
Q2 24
$-266.3M
$2.1B
Q1 24
$-294.0M
$2.2B
Total Assets
MSGS
MSGS
PCH
PCH
Q4 25
$1.5B
Q3 25
$1.5B
$3.2B
Q2 25
$1.5B
$3.2B
Q1 25
$1.5B
$3.3B
Q4 24
$1.4B
$3.3B
Q3 24
$1.4B
$3.3B
Q2 24
$1.3B
$3.4B
Q1 24
$1.4B
$3.4B
Debt / Equity
MSGS
MSGS
PCH
PCH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.51×
Q3 24
Q2 24
Q1 24

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
PCH
PCH
Operating Cash FlowLast quarter
$32.4M
$65.7M
Free Cash FlowOCF − Capex
$31.6M
$50.1M
FCF MarginFCF / Revenue
7.8%
15.9%
Capex IntensityCapex / Revenue
0.2%
4.9%
Cash ConversionOCF / Net Profit
3.94×
2.54×
TTM Free Cash FlowTrailing 4 quarters
$-480.0K
$132.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSGS
MSGS
PCH
PCH
Q4 25
$32.4M
Q3 25
$-85.0M
$65.7M
Q2 25
$49.7M
$41.0M
Q1 25
$6.3M
$49.1M
Q4 24
$61.8M
$45.4M
Q3 24
$-26.2M
$26.5M
Q2 24
$108.4M
$100.6M
Q1 24
$4.0M
$16.0M
Free Cash Flow
MSGS
MSGS
PCH
PCH
Q4 25
$31.6M
Q3 25
$-85.3M
$50.1M
Q2 25
$49.4M
$30.6M
Q1 25
$3.9M
$26.3M
Q4 24
$61.2M
$25.4M
Q3 24
$-26.5M
$-8.2M
Q2 24
$108.0M
$72.4M
Q1 24
$3.9M
$2.0M
FCF Margin
MSGS
MSGS
PCH
PCH
Q4 25
7.8%
Q3 25
-216.3%
15.9%
Q2 25
24.2%
11.1%
Q1 25
0.9%
9.8%
Q4 24
17.1%
9.9%
Q3 24
-49.7%
-3.2%
Q2 24
47.5%
22.6%
Q1 24
0.9%
0.9%
Capex Intensity
MSGS
MSGS
PCH
PCH
Q4 25
0.2%
Q3 25
0.9%
4.9%
Q2 25
0.2%
3.8%
Q1 25
0.6%
8.5%
Q4 24
0.1%
7.7%
Q3 24
0.7%
13.6%
Q2 24
0.2%
8.8%
Q1 24
0.0%
6.1%
Cash Conversion
MSGS
MSGS
PCH
PCH
Q4 25
3.94×
Q3 25
2.54×
Q2 25
5.58×
Q1 25
1.90×
Q4 24
55.61×
8.74×
Q3 24
7.99×
Q2 24
4.25×
7.35×
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%

PCH
PCH

Lumber$131.8M42%
Timberlands$52.5M17%
Rural Real Estate$51.3M16%
Residuals And Panels$34.0M11%
Pulpwood$16.7M5%
Development Real Estate$14.6M5%
Other$8.1M3%
Other Products$5.2M2%

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