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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and QUINSTREET, INC (QNST). 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 $287.8M, roughly 1.4× QUINSTREET, INC). QUINSTREET, INC runs the higher net margin — 17.4% vs 2.0%, a 15.4% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 1.9%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $20.7M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
QUINSTREET, INCQNSTEarnings & Financial Report
QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.
MSGS vs QNST — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $287.8M |
| Net Profit | $8.2M | $50.2M |
| Gross Margin | — | 9.6% |
| Operating Margin | 5.5% | 0.4% |
| Net Margin | 2.0% | 17.4% |
| Revenue YoY | 12.8% | 1.9% |
| Net Profit YoY | 641.9% | 3342.5% |
| EPS (diluted) | $0.34 | $0.87 |
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 | $287.8M | ||
| Q3 25 | $39.5M | $285.9M | ||
| Q2 25 | $204.0M | — | ||
| Q1 25 | $424.2M | $269.8M | ||
| Q4 24 | $357.8M | $282.6M | ||
| Q3 24 | $53.3M | $279.2M | ||
| Q2 24 | $227.3M | $198.3M | ||
| Q1 24 | $430.0M | $168.6M |
| Q4 25 | $8.2M | $50.2M | ||
| Q3 25 | $-8.8M | $4.5M | ||
| Q2 25 | $-1.8M | — | ||
| Q1 25 | $-14.2M | $4.4M | ||
| Q4 24 | $1.1M | $-1.5M | ||
| Q3 24 | $-7.5M | $-1.4M | ||
| Q2 24 | $25.5M | $-2.2M | ||
| Q1 24 | $37.9M | $-7.0M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 8.5% |
| Q4 25 | 5.5% | 0.4% | ||
| Q3 25 | -69.5% | 1.7% | ||
| Q2 25 | -11.1% | — | ||
| Q1 25 | 7.6% | 1.8% | ||
| Q4 24 | 3.7% | -0.5% | ||
| Q3 24 | -15.5% | -0.4% | ||
| Q2 24 | 23.0% | -0.7% | ||
| Q1 24 | 18.5% | -3.2% |
| Q4 25 | 2.0% | 17.4% | ||
| Q3 25 | -22.3% | 1.6% | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -3.4% | 1.6% | ||
| Q4 24 | 0.3% | -0.5% | ||
| Q3 24 | -14.1% | -0.5% | ||
| Q2 24 | 11.2% | -1.1% | ||
| Q1 24 | 8.8% | -4.2% |
| Q4 25 | $0.34 | $0.87 | ||
| Q3 25 | $-0.37 | $0.08 | ||
| Q2 25 | $-0.08 | — | ||
| Q1 25 | $-0.59 | $0.08 | ||
| Q4 24 | $0.05 | $-0.03 | ||
| Q3 24 | $-0.31 | $-0.02 | ||
| Q2 24 | $1.07 | $-0.04 | ||
| Q1 24 | $1.57 | $-0.13 |
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 | $107.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $294.4M |
| Total Assets | $1.5B | $493.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $107.0M | ||
| Q3 25 | $48.6M | $101.3M | ||
| Q2 25 | $144.6M | — | ||
| Q1 25 | $96.5M | $81.8M | ||
| Q4 24 | $107.8M | $57.8M | ||
| Q3 24 | $52.3M | $25.0M | ||
| Q2 24 | $89.1M | $50.5M | ||
| Q1 24 | $40.0M | $39.6M |
| Q4 25 | $-282.1M | $294.4M | ||
| Q3 25 | $-294.2M | $246.7M | ||
| Q2 25 | $-281.4M | — | ||
| Q1 25 | $-283.4M | $235.5M | ||
| Q4 24 | $-273.1M | $224.3M | ||
| Q3 24 | $-277.5M | $219.8M | ||
| Q2 24 | $-266.3M | $216.8M | ||
| Q1 24 | $-294.0M | $215.0M |
| Q4 25 | $1.5B | $493.0M | ||
| Q3 25 | $1.5B | $442.6M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | $417.2M | ||
| Q4 24 | $1.4B | $409.6M | ||
| Q3 24 | $1.4B | $401.2M | ||
| Q2 24 | $1.3B | $368.5M | ||
| Q1 24 | $1.4B | $349.3M |
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 | $21.6M |
| Free Cash FlowOCF − Capex | $31.6M | $20.7M |
| FCF MarginFCF / Revenue | 7.8% | 7.2% |
| Capex IntensityCapex / Revenue | 0.2% | 0.3% |
| Cash ConversionOCF / Net Profit | 3.94× | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $21.6M | ||
| Q3 25 | $-85.0M | $19.6M | ||
| Q2 25 | $49.7M | — | ||
| Q1 25 | $6.3M | $30.1M | ||
| Q4 24 | $61.8M | $38.7M | ||
| Q3 24 | $-26.2M | $-13.7M | ||
| Q2 24 | $108.4M | $16.6M | ||
| Q1 24 | $4.0M | $4.1M |
| Q4 25 | $31.6M | $20.7M | ||
| Q3 25 | $-85.3M | $18.4M | ||
| Q2 25 | $49.4M | — | ||
| Q1 25 | $3.9M | $29.5M | ||
| Q4 24 | $61.2M | $38.2M | ||
| Q3 24 | $-26.5M | $-14.1M | ||
| Q2 24 | $108.0M | $15.4M | ||
| Q1 24 | $3.9M | $2.9M |
| Q4 25 | 7.8% | 7.2% | ||
| Q3 25 | -216.3% | 6.4% | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 0.9% | 10.9% | ||
| Q4 24 | 17.1% | 13.5% | ||
| Q3 24 | -49.7% | -5.1% | ||
| Q2 24 | 47.5% | 7.8% | ||
| Q1 24 | 0.9% | 1.7% |
| Q4 25 | 0.2% | 0.3% | ||
| Q3 25 | 0.9% | 0.4% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.7% | 0.2% | ||
| Q2 24 | 0.2% | 0.6% | ||
| Q1 24 | 0.0% | 0.7% |
| Q4 25 | 3.94× | 0.43× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 6.82× | ||
| 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
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
