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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). 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 $335.4M, roughly 1.2× SOLAREDGE TECHNOLOGIES, INC.). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs -39.4%, a 41.4% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs 12.8%). SOLAREDGE TECHNOLOGIES, INC. produced more free cash flow last quarter ($43.3M vs $31.6M). Over the past eight quarters, SOLAREDGE TECHNOLOGIES, INC.'s revenue compounded faster (28.1% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.
MSGS vs SEDG — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $335.4M |
| Net Profit | $8.2M | $-132.1M |
| Gross Margin | — | 22.2% |
| Operating Margin | 5.5% | -14.4% |
| Net Margin | 2.0% | -39.4% |
| Revenue YoY | 12.8% | 70.9% |
| Net Profit YoY | 641.9% | 54.0% |
| EPS (diluted) | $0.34 | $-2.21 |
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 | $335.4M | ||
| Q3 25 | $39.5M | $340.2M | ||
| Q2 25 | $204.0M | $289.4M | ||
| Q1 25 | $424.2M | $219.5M | ||
| Q4 24 | $357.8M | $196.2M | ||
| Q3 24 | $53.3M | $235.4M | ||
| Q2 24 | $227.3M | $265.4M | ||
| Q1 24 | $430.0M | $204.4M |
| Q4 25 | $8.2M | $-132.1M | ||
| Q3 25 | $-8.8M | $-50.1M | ||
| Q2 25 | $-1.8M | $-124.7M | ||
| Q1 25 | $-14.2M | $-98.5M | ||
| Q4 24 | $1.1M | $-287.4M | ||
| Q3 24 | $-7.5M | $-1.2B | ||
| Q2 24 | $25.5M | $-130.8M | ||
| Q1 24 | $37.9M | $-157.3M |
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | -57.2% | ||
| Q3 24 | — | -309.1% | ||
| Q2 24 | — | -4.1% | ||
| Q1 24 | — | -12.8% |
| Q4 25 | 5.5% | -14.4% | ||
| Q3 25 | -69.5% | -10.3% | ||
| Q2 25 | -11.1% | -39.9% | ||
| Q1 25 | 7.6% | -46.8% | ||
| Q4 24 | 3.7% | -134.4% | ||
| Q3 24 | -15.5% | -471.8% | ||
| Q2 24 | 23.0% | -60.4% | ||
| Q1 24 | 18.5% | -85.0% |
| Q4 25 | 2.0% | -39.4% | ||
| Q3 25 | -22.3% | -14.7% | ||
| Q2 25 | -0.9% | -43.1% | ||
| Q1 25 | -3.4% | -44.9% | ||
| Q4 24 | 0.3% | -146.5% | ||
| Q3 24 | -14.1% | -522.8% | ||
| Q2 24 | 11.2% | -49.3% | ||
| Q1 24 | 8.8% | -77.0% |
| Q4 25 | $0.34 | $-2.21 | ||
| Q3 25 | $-0.37 | $-0.84 | ||
| Q2 25 | $-0.08 | $-2.13 | ||
| Q1 25 | $-0.59 | $-1.70 | ||
| Q4 24 | $0.05 | $-5.00 | ||
| Q3 24 | $-0.31 | $-21.58 | ||
| Q2 24 | $1.07 | $-2.31 | ||
| Q1 24 | $1.57 | $-2.75 |
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 | $493.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $427.5M |
| Total Assets | $1.5B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $493.2M | ||
| Q3 25 | $48.6M | $498.6M | ||
| Q2 25 | $144.6M | $758.0M | ||
| Q1 25 | $96.5M | $651.6M | ||
| Q4 24 | $107.8M | $585.9M | ||
| Q3 24 | $52.3M | $678.8M | ||
| Q2 24 | $89.1M | $689.8M | ||
| Q1 24 | $40.0M | $680.6M |
| Q4 25 | $-282.1M | $427.5M | ||
| Q3 25 | $-294.2M | $479.8M | ||
| Q2 25 | $-281.4M | $513.2M | ||
| Q1 25 | $-283.4M | $594.2M | ||
| Q4 24 | $-273.1M | $658.3M | ||
| Q3 24 | $-277.5M | $930.9M | ||
| Q2 24 | $-266.3M | $2.1B | ||
| Q1 24 | $-294.0M | $2.2B |
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.3B | $3.9B | ||
| Q1 24 | $1.4B | $4.2B |
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 | $52.6M |
| Free Cash FlowOCF − Capex | $31.6M | $43.3M |
| FCF MarginFCF / Revenue | 7.8% | 12.9% |
| Capex IntensityCapex / Revenue | 0.2% | 2.8% |
| Cash ConversionOCF / Net Profit | 3.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $80.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $52.6M | ||
| Q3 25 | $-85.0M | $25.6M | ||
| Q2 25 | $49.7M | $-7.8M | ||
| Q1 25 | $6.3M | $33.8M | ||
| Q4 24 | $61.8M | $37.8M | ||
| Q3 24 | $-26.2M | $-89.3M | ||
| Q2 24 | $108.4M | $-44.8M | ||
| Q1 24 | $4.0M | $-217.0M |
| Q4 25 | $31.6M | $43.3M | ||
| Q3 25 | $-85.3M | $22.8M | ||
| Q2 25 | $49.4M | $-9.1M | ||
| Q1 25 | $3.9M | $23.7M | ||
| Q4 24 | $61.2M | $25.5M | ||
| Q3 24 | $-26.5M | $-136.7M | ||
| Q2 24 | $108.0M | $-67.0M | ||
| Q1 24 | $3.9M | $-243.4M |
| Q4 25 | 7.8% | 12.9% | ||
| Q3 25 | -216.3% | 6.7% | ||
| Q2 25 | 24.2% | -3.1% | ||
| Q1 25 | 0.9% | 10.8% | ||
| Q4 24 | 17.1% | 13.0% | ||
| Q3 24 | -49.7% | -58.1% | ||
| Q2 24 | 47.5% | -25.2% | ||
| Q1 24 | 0.9% | -119.1% |
| Q4 25 | 0.2% | 2.8% | ||
| Q3 25 | 0.9% | 0.8% | ||
| Q2 25 | 0.2% | 0.4% | ||
| Q1 25 | 0.6% | 4.6% | ||
| Q4 24 | 0.1% | 6.2% | ||
| Q3 24 | 0.7% | 20.1% | ||
| Q2 24 | 0.2% | 8.4% | ||
| Q1 24 | 0.0% | 12.9% |
| Q4 25 | 3.94× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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% |
SEDG
| Other | $197.7M | 59% |
| Europe Except Netherlands | $99.4M | 30% |
| Others | $38.2M | 11% |
