vs
Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and Smith Douglas Homes Corp. (SDHC). 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 $260.4M, roughly 1.5× Smith Douglas Homes Corp.). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs 1.4%, a 0.7% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs -9.4%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
MSGS vs SDHC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $260.4M |
| Net Profit | $8.2M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 5.5% | 6.5% |
| Net Margin | 2.0% | 1.4% |
| Revenue YoY | 12.8% | -9.4% |
| Net Profit YoY | 641.9% | -14.3% |
| EPS (diluted) | $0.34 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $39.5M | $262.0M | ||
| Q2 25 | $204.0M | $223.9M | ||
| Q1 25 | $424.2M | $224.7M | ||
| Q4 24 | $357.8M | $287.5M | ||
| Q3 24 | $53.3M | $277.8M | ||
| Q2 24 | $227.3M | $220.9M | ||
| Q1 24 | $430.0M | $189.2M |
| Q4 25 | $8.2M | $3.5M | ||
| Q3 25 | $-8.8M | $2.1M | ||
| Q2 25 | $-1.8M | $2.4M | ||
| Q1 25 | $-14.2M | $2.7M | ||
| Q4 24 | $1.1M | $4.1M | ||
| Q3 24 | $-7.5M | $5.3M | ||
| Q2 24 | $25.5M | $3.6M | ||
| Q1 24 | $37.9M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 5.5% | 6.5% | ||
| Q3 25 | -69.5% | 6.6% | ||
| Q2 25 | -11.1% | 7.7% | ||
| Q1 25 | 7.6% | 8.7% | ||
| Q4 24 | 3.7% | 10.4% | ||
| Q3 24 | -15.5% | 14.2% | ||
| Q2 24 | 23.0% | 11.7% | ||
| Q1 24 | 18.5% | 11.3% |
| Q4 25 | 2.0% | 1.4% | ||
| Q3 25 | -22.3% | 0.8% | ||
| Q2 25 | -0.9% | 1.1% | ||
| Q1 25 | -3.4% | 1.2% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | -14.1% | 1.9% | ||
| Q2 24 | 11.2% | 1.7% | ||
| Q1 24 | 8.8% | 1.6% |
| Q4 25 | $0.34 | $0.39 | ||
| Q3 25 | $-0.37 | $0.24 | ||
| Q2 25 | $-0.08 | $0.26 | ||
| Q1 25 | $-0.59 | $0.30 | ||
| Q4 24 | $0.05 | $0.50 | ||
| Q3 24 | $-0.31 | $0.58 | ||
| Q2 24 | $1.07 | $0.40 | ||
| Q1 24 | $1.57 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $86.7M |
| Total Assets | $1.5B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $12.7M | ||
| Q3 25 | $48.6M | $14.8M | ||
| Q2 25 | $144.6M | $16.8M | ||
| Q1 25 | $96.5M | $12.7M | ||
| Q4 24 | $107.8M | $22.4M | ||
| Q3 24 | $52.3M | $23.7M | ||
| Q2 24 | $89.1M | $17.3M | ||
| Q1 24 | $40.0M | $32.8M |
| Q4 25 | $-282.1M | $86.7M | ||
| Q3 25 | $-294.2M | $82.2M | ||
| Q2 25 | $-281.4M | $80.0M | ||
| Q1 25 | $-283.4M | $76.9M | ||
| Q4 24 | $-273.1M | $73.6M | ||
| Q3 24 | $-277.5M | $68.4M | ||
| Q2 24 | $-266.3M | $62.1M | ||
| Q1 24 | $-294.0M | $59.7M |
| Q4 25 | $1.5B | $557.6M | ||
| Q3 25 | $1.5B | $571.6M | ||
| Q2 25 | $1.5B | $570.2M | ||
| Q1 25 | $1.5B | $513.9M | ||
| Q4 24 | $1.4B | $475.9M | ||
| Q3 24 | $1.4B | $460.1M | ||
| Q2 24 | $1.3B | $429.3M | ||
| Q1 24 | $1.4B | $401.3M |
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 | $9.8M |
| Free Cash FlowOCF − Capex | $31.6M | $8.7M |
| FCF MarginFCF / Revenue | 7.8% | 3.4% |
| Capex IntensityCapex / Revenue | 0.2% | 0.4% |
| Cash ConversionOCF / Net Profit | 3.94× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $9.8M | ||
| Q3 25 | $-85.0M | $22.8M | ||
| Q2 25 | $49.7M | $-28.9M | ||
| Q1 25 | $6.3M | $-34.9M | ||
| Q4 24 | $61.8M | $5.5M | ||
| Q3 24 | $-26.2M | $22.9M | ||
| Q2 24 | $108.4M | $39.0K | ||
| Q1 24 | $4.0M | $-9.3M |
| Q4 25 | $31.6M | $8.7M | ||
| Q3 25 | $-85.3M | $21.4M | ||
| Q2 25 | $49.4M | $-31.1M | ||
| Q1 25 | $3.9M | $-35.9M | ||
| Q4 24 | $61.2M | $4.8M | ||
| Q3 24 | $-26.5M | $22.3M | ||
| Q2 24 | $108.0M | $-2.1M | ||
| Q1 24 | $3.9M | $-9.7M |
| Q4 25 | 7.8% | 3.4% | ||
| Q3 25 | -216.3% | 8.2% | ||
| Q2 25 | 24.2% | -13.9% | ||
| Q1 25 | 0.9% | -16.0% | ||
| Q4 24 | 17.1% | 1.7% | ||
| Q3 24 | -49.7% | 8.0% | ||
| Q2 24 | 47.5% | -1.0% | ||
| Q1 24 | 0.9% | -5.1% |
| Q4 25 | 0.2% | 0.4% | ||
| Q3 25 | 0.9% | 0.5% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.6% | 0.5% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.7% | 0.2% | ||
| Q2 24 | 0.2% | 1.0% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | 3.94× | 2.77× | ||
| Q3 25 | — | 10.70× | ||
| Q2 25 | — | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | 55.61× | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | 4.25× | 0.01× | ||
| Q1 24 | 0.11× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
