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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and RADIAN GROUP INC (RDN). 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 $300.5M, roughly 1.3× RADIAN GROUP INC). RADIAN GROUP INC runs the higher net margin — 51.5% vs 2.0%, a 49.5% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 2.7%). RADIAN GROUP INC produced more free cash flow last quarter ($115.7M vs $31.6M). Over the past eight quarters, RADIAN GROUP INC's revenue compounded faster (-0.2% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Radian Group Inc. is a mortgage insurance company with a suite of mortgage, risk, real estate, and title services.
MSGS vs RDN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $300.5M |
| Net Profit | $8.2M | $154.8M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | 76.2% |
| Net Margin | 2.0% | 51.5% |
| Revenue YoY | 12.8% | 2.7% |
| Net Profit YoY | 641.9% | 4.4% |
| EPS (diluted) | $0.34 | $1.11 |
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 | $300.5M | ||
| Q3 25 | $39.5M | $303.2M | ||
| Q2 25 | $204.0M | $298.6M | ||
| Q1 25 | $424.2M | $294.8M | ||
| Q4 24 | $357.8M | $292.7M | ||
| Q3 24 | $53.3M | $313.4M | ||
| Q2 24 | $227.3M | $298.6M | ||
| Q1 24 | $430.0M | $301.7M |
| Q4 25 | $8.2M | $154.8M | ||
| Q3 25 | $-8.8M | $141.4M | ||
| Q2 25 | $-1.8M | $141.8M | ||
| Q1 25 | $-14.2M | $144.6M | ||
| Q4 24 | $1.1M | $148.3M | ||
| Q3 24 | $-7.5M | $151.9M | ||
| Q2 24 | $25.5M | $151.9M | ||
| Q1 24 | $37.9M | $152.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 97.2% | ||
| Q1 25 | — | 97.0% | ||
| Q4 24 | — | 96.6% | ||
| Q3 24 | — | 97.0% | ||
| Q2 24 | — | 96.8% | ||
| Q1 24 | — | 96.9% |
| Q4 25 | 5.5% | 76.2% | ||
| Q3 25 | -69.5% | 65.5% | ||
| Q2 25 | -11.1% | 58.6% | ||
| Q1 25 | 7.6% | 63.9% | ||
| Q4 24 | 3.7% | 83.6% | ||
| Q3 24 | -15.5% | 68.4% | ||
| Q2 24 | 23.0% | 63.0% | ||
| Q1 24 | 18.5% | 65.8% |
| Q4 25 | 2.0% | 51.5% | ||
| Q3 25 | -22.3% | 46.7% | ||
| Q2 25 | -0.9% | 47.5% | ||
| Q1 25 | -3.4% | 49.0% | ||
| Q4 24 | 0.3% | 50.7% | ||
| Q3 24 | -14.1% | 48.5% | ||
| Q2 24 | 11.2% | 50.9% | ||
| Q1 24 | 8.8% | 50.5% |
| Q4 25 | $0.34 | $1.11 | ||
| Q3 25 | $-0.37 | $1.03 | ||
| Q2 25 | $-0.08 | $1.02 | ||
| Q1 25 | $-0.59 | $0.98 | ||
| Q4 24 | $0.05 | $0.97 | ||
| Q3 24 | $-0.31 | $0.99 | ||
| Q2 24 | $1.07 | $0.98 | ||
| Q1 24 | $1.57 | $0.98 |
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 | $24.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $4.8B |
| Total Assets | $1.5B | $8.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $24.8M | ||
| Q3 25 | $48.6M | $15.3M | ||
| Q2 25 | $144.6M | $22.1M | ||
| Q1 25 | $96.5M | $24.2M | ||
| Q4 24 | $107.8M | $19.2M | ||
| Q3 24 | $52.3M | $28.1M | ||
| Q2 24 | $89.1M | $13.8M | ||
| Q1 24 | $40.0M | $27.0M |
| Q4 25 | $-282.1M | $4.8B | ||
| Q3 25 | $-294.2M | $4.7B | ||
| Q2 25 | $-281.4M | $4.5B | ||
| Q1 25 | $-283.4M | $4.6B | ||
| Q4 24 | $-273.1M | $4.6B | ||
| Q3 24 | $-277.5M | $4.7B | ||
| Q2 24 | $-266.3M | $4.5B | ||
| Q1 24 | $-294.0M | $4.4B |
| Q4 25 | $1.5B | $8.1B | ||
| Q3 25 | $1.5B | $8.2B | ||
| Q2 25 | $1.5B | $9.6B | ||
| Q1 25 | $1.5B | $8.8B | ||
| Q4 24 | $1.4B | $8.7B | ||
| Q3 24 | $1.4B | $8.4B | ||
| Q2 24 | $1.3B | $8.1B | ||
| Q1 24 | $1.4B | $7.8B |
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 | $119.9M |
| Free Cash FlowOCF − Capex | $31.6M | $115.7M |
| FCF MarginFCF / Revenue | 7.8% | 38.5% |
| Capex IntensityCapex / Revenue | 0.2% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.94× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $-174.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $119.9M | ||
| Q3 25 | $-85.0M | $358.4M | ||
| Q2 25 | $49.7M | $-713.3M | ||
| Q1 25 | $6.3M | $67.8M | ||
| Q4 24 | $61.8M | $-663.6M | ||
| Q3 24 | $-26.2M | $-237.9M | ||
| Q2 24 | $108.4M | $-207.3M | ||
| Q1 24 | $4.0M | $51.0M |
| Q4 25 | $31.6M | $115.7M | ||
| Q3 25 | $-85.3M | $357.6M | ||
| Q2 25 | $49.4M | $-714.6M | ||
| Q1 25 | $3.9M | $66.6M | ||
| Q4 24 | $61.2M | $-665.1M | ||
| Q3 24 | $-26.5M | $-239.2M | ||
| Q2 24 | $108.0M | $-208.3M | ||
| Q1 24 | $3.9M | $49.5M |
| Q4 25 | 7.8% | 38.5% | ||
| Q3 25 | -216.3% | 117.9% | ||
| Q2 25 | 24.2% | -239.4% | ||
| Q1 25 | 0.9% | 22.6% | ||
| Q4 24 | 17.1% | -227.3% | ||
| Q3 24 | -49.7% | -76.3% | ||
| Q2 24 | 47.5% | -69.8% | ||
| Q1 24 | 0.9% | 16.4% |
| Q4 25 | 0.2% | 1.4% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 0.2% | 0.4% | ||
| Q1 25 | 0.6% | 0.4% | ||
| Q4 24 | 0.1% | 0.5% | ||
| Q3 24 | 0.7% | 0.4% | ||
| Q2 24 | 0.2% | 0.4% | ||
| Q1 24 | 0.0% | 0.5% |
| Q4 25 | 3.94× | 0.77× | ||
| Q3 25 | — | 2.53× | ||
| Q2 25 | — | -5.03× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | 55.61× | -4.47× | ||
| Q3 24 | — | -1.57× | ||
| Q2 24 | 4.25× | -1.36× | ||
| Q1 24 | 0.11× | 0.34× |
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% |
RDN
Segment breakdown not available.
