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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and PRA GROUP INC (PRAA). 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 $333.4M, roughly 1.2× PRA GROUP INC). PRA GROUP INC runs the higher net margin — 17.0% vs 2.0%, a 14.9% gap on every dollar of revenue. On growth, PRA GROUP INC posted the faster year-over-year revenue change (13.7% vs 12.8%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $-90.4M). Over the past eight quarters, PRA GROUP INC's revenue compounded faster (14.2% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
MSGS vs PRAA — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $333.4M |
| Net Profit | $8.2M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | 37.7% |
| Net Margin | 2.0% | 17.0% |
| Revenue YoY | 12.8% | 13.7% |
| Net Profit YoY | 641.9% | 206.3% |
| EPS (diluted) | $0.34 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $39.5M | $311.1M | ||
| Q2 25 | $204.0M | $287.7M | ||
| Q1 25 | $424.2M | $269.6M | ||
| Q4 24 | $357.8M | $293.2M | ||
| Q3 24 | $53.3M | $281.5M | ||
| Q2 24 | $227.3M | $284.2M | ||
| Q1 24 | $430.0M | $255.6M |
| Q4 25 | $8.2M | $56.5M | ||
| Q3 25 | $-8.8M | $-407.7M | ||
| Q2 25 | $-1.8M | $42.4M | ||
| Q1 25 | $-14.2M | $3.7M | ||
| Q4 24 | $1.1M | $18.5M | ||
| Q3 24 | $-7.5M | $27.2M | ||
| Q2 24 | $25.5M | $21.5M | ||
| Q1 24 | $37.9M | $3.5M |
| Q4 25 | 5.5% | 37.7% | ||
| Q3 25 | -69.5% | -101.4% | ||
| Q2 25 | -11.1% | 29.6% | ||
| Q1 25 | 7.6% | 27.7% | ||
| Q4 24 | 3.7% | 32.1% | ||
| Q3 24 | -15.5% | 32.0% | ||
| Q2 24 | 23.0% | 31.4% | ||
| Q1 24 | 18.5% | 26.0% |
| Q4 25 | 2.0% | 17.0% | ||
| Q3 25 | -22.3% | -131.0% | ||
| Q2 25 | -0.9% | 14.7% | ||
| Q1 25 | -3.4% | 1.4% | ||
| Q4 24 | 0.3% | 6.3% | ||
| Q3 24 | -14.1% | 9.6% | ||
| Q2 24 | 11.2% | 7.6% | ||
| Q1 24 | 8.8% | 1.4% |
| Q4 25 | $0.34 | $1.47 | ||
| Q3 25 | $-0.37 | $-10.43 | ||
| Q2 25 | $-0.08 | $1.08 | ||
| Q1 25 | $-0.59 | $0.09 | ||
| Q4 24 | $0.05 | $0.47 | ||
| Q3 24 | $-0.31 | $0.69 | ||
| Q2 24 | $1.07 | $0.54 | ||
| Q1 24 | $1.57 | $0.09 |
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 | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $979.9M |
| Total Assets | $1.5B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $104.4M | ||
| Q3 25 | $48.6M | $107.5M | ||
| Q2 25 | $144.6M | $131.6M | ||
| Q1 25 | $96.5M | $128.7M | ||
| Q4 24 | $107.8M | $105.9M | ||
| Q3 24 | $52.3M | $141.1M | ||
| Q2 24 | $89.1M | $118.9M | ||
| Q1 24 | $40.0M | $108.1M |
| Q4 25 | $-282.1M | $979.9M | ||
| Q3 25 | $-294.2M | $928.5M | ||
| Q2 25 | $-281.4M | $1.3B | ||
| Q1 25 | $-283.4M | $1.2B | ||
| Q4 24 | $-273.1M | $1.1B | ||
| Q3 24 | $-277.5M | $1.2B | ||
| Q2 24 | $-266.3M | $1.1B | ||
| Q1 24 | $-294.0M | $1.1B |
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.5B | $5.0B | ||
| Q2 25 | $1.5B | $5.4B | ||
| Q1 25 | $1.5B | $5.1B | ||
| Q4 24 | $1.4B | $4.9B | ||
| Q3 24 | $1.4B | $4.9B | ||
| Q2 24 | $1.3B | $4.7B | ||
| Q1 24 | $1.4B | $4.5B |
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 | $-85.5M |
| Free Cash FlowOCF − Capex | $31.6M | $-90.4M |
| FCF MarginFCF / Revenue | 7.8% | -27.1% |
| Capex IntensityCapex / Revenue | 0.2% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.94× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $-85.5M | ||
| Q3 25 | $-85.0M | $-10.1M | ||
| Q2 25 | $49.7M | $-12.9M | ||
| Q1 25 | $6.3M | $-52.6M | ||
| Q4 24 | $61.8M | $-94.6M | ||
| Q3 24 | $-26.2M | $-35.0M | ||
| Q2 24 | $108.4M | $-29.5M | ||
| Q1 24 | $4.0M | $-73.0M |
| Q4 25 | $31.6M | $-90.4M | ||
| Q3 25 | $-85.3M | $-11.3M | ||
| Q2 25 | $49.4M | $-14.2M | ||
| Q1 25 | $3.9M | $-53.5M | ||
| Q4 24 | $61.2M | $-98.6M | ||
| Q3 24 | $-26.5M | $-36.1M | ||
| Q2 24 | $108.0M | $-30.8M | ||
| Q1 24 | $3.9M | $-73.5M |
| Q4 25 | 7.8% | -27.1% | ||
| Q3 25 | -216.3% | -3.6% | ||
| Q2 25 | 24.2% | -4.9% | ||
| Q1 25 | 0.9% | -19.8% | ||
| Q4 24 | 17.1% | -33.6% | ||
| Q3 24 | -49.7% | -12.8% | ||
| Q2 24 | 47.5% | -10.8% | ||
| Q1 24 | 0.9% | -28.8% |
| Q4 25 | 0.2% | 1.4% | ||
| Q3 25 | 0.9% | 0.4% | ||
| Q2 25 | 0.2% | 0.4% | ||
| Q1 25 | 0.6% | 0.3% | ||
| Q4 24 | 0.1% | 1.4% | ||
| Q3 24 | 0.7% | 0.4% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | 3.94× | -1.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.30× | ||
| Q1 25 | — | -14.37× | ||
| Q4 24 | 55.61× | -5.13× | ||
| Q3 24 | — | -1.29× | ||
| Q2 24 | 4.25× | -1.37× | ||
| Q1 24 | 0.11× | -21.01× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
