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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and Champion Homes, Inc. (SKY). Click either name above to swap in a different company.
Champion Homes, Inc. is the larger business by last-quarter revenue ($656.6M vs $403.4M, roughly 1.6× Madison Square Garden Sports Corp.). Champion Homes, Inc. runs the higher net margin — 8.3% vs 2.0%, a 6.2% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 1.8%). Champion Homes, Inc. produced more free cash flow last quarter ($92.9M vs $31.6M). Over the past eight quarters, Champion Homes, Inc.'s revenue compounded faster (10.6% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Champion Homes, Inc., is a mobile and modular home manufacturing company. It is one of the largest modular homebuilders in North America. The company also provides factory-built housing to the United States and western Canada.
MSGS vs SKY — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $656.6M |
| Net Profit | $8.2M | $54.3M |
| Gross Margin | — | 26.2% |
| Operating Margin | 5.5% | 9.5% |
| Net Margin | 2.0% | 8.3% |
| Revenue YoY | 12.8% | 1.8% |
| Net Profit YoY | 641.9% | -11.7% |
| EPS (diluted) | $0.34 | $0.97 |
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 | $656.6M | ||
| Q3 25 | $39.5M | $684.4M | ||
| Q2 25 | $204.0M | $701.3M | ||
| Q1 25 | $424.2M | $593.9M | ||
| Q4 24 | $357.8M | $644.9M | ||
| Q3 24 | $53.3M | $616.9M | ||
| Q2 24 | $227.3M | $627.8M | ||
| Q1 24 | $430.0M | $536.4M |
| Q4 25 | $8.2M | $54.3M | ||
| Q3 25 | $-8.8M | $58.2M | ||
| Q2 25 | $-1.8M | $64.7M | ||
| Q1 25 | $-14.2M | $36.3M | ||
| Q4 24 | $1.1M | $61.5M | ||
| Q3 24 | $-7.5M | $54.7M | ||
| Q2 24 | $25.5M | $45.8M | ||
| Q1 24 | $37.9M | $2.8M |
| Q4 25 | — | 26.2% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 27.1% | ||
| Q1 25 | — | 25.7% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | — | 26.2% | ||
| Q1 24 | — | 18.3% |
| Q4 25 | 5.5% | 9.5% | ||
| Q3 25 | -69.5% | 10.9% | ||
| Q2 25 | -11.1% | 11.2% | ||
| Q1 25 | 7.6% | 7.1% | ||
| Q4 24 | 3.7% | 11.3% | ||
| Q3 24 | -15.5% | 10.8% | ||
| Q2 24 | 23.0% | 8.8% | ||
| Q1 24 | 18.5% | 1.4% |
| Q4 25 | 2.0% | 8.3% | ||
| Q3 25 | -22.3% | 8.5% | ||
| Q2 25 | -0.9% | 9.2% | ||
| Q1 25 | -3.4% | 6.1% | ||
| Q4 24 | 0.3% | 9.5% | ||
| Q3 24 | -14.1% | 8.9% | ||
| Q2 24 | 11.2% | 7.3% | ||
| Q1 24 | 8.8% | 0.5% |
| Q4 25 | $0.34 | $0.97 | ||
| Q3 25 | $-0.37 | $1.03 | ||
| Q2 25 | $-0.08 | $1.13 | ||
| Q1 25 | $-0.59 | $0.63 | ||
| Q4 24 | $0.05 | $1.06 | ||
| Q3 24 | $-0.31 | $0.94 | ||
| Q2 24 | $1.07 | $0.79 | ||
| Q1 24 | $1.57 | $0.04 |
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 | $659.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $1.6B |
| Total Assets | $1.5B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $659.8M | ||
| Q3 25 | $48.6M | $618.7M | ||
| Q2 25 | $144.6M | $605.3M | ||
| Q1 25 | $96.5M | $610.3M | ||
| Q4 24 | $107.8M | $581.8M | ||
| Q3 24 | $52.3M | $570.2M | ||
| Q2 24 | $89.1M | $548.9M | ||
| Q1 24 | $40.0M | $495.1M |
| Q4 25 | $-282.1M | $1.6B | ||
| Q3 25 | $-294.2M | $1.6B | ||
| Q2 25 | $-281.4M | $1.6B | ||
| Q1 25 | $-283.4M | $1.5B | ||
| Q4 24 | $-273.1M | $1.5B | ||
| Q3 24 | $-277.5M | $1.5B | ||
| Q2 24 | $-266.3M | $1.5B | ||
| Q1 24 | $-294.0M | $1.4B |
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.4B | $1.9B |
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 | $100.0M |
| Free Cash FlowOCF − Capex | $31.6M | $92.9M |
| FCF MarginFCF / Revenue | 7.8% | 14.1% |
| Capex IntensityCapex / Revenue | 0.2% | 1.1% |
| Cash ConversionOCF / Net Profit | 3.94× | 1.84× |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $259.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $100.0M | ||
| Q3 25 | $-85.0M | $75.9M | ||
| Q2 25 | $49.7M | $75.3M | ||
| Q1 25 | $6.3M | $46.0M | ||
| Q4 24 | $61.8M | $50.4M | ||
| Q3 24 | $-26.2M | $59.8M | ||
| Q2 24 | $108.4M | $84.6M | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $31.6M | $92.9M | ||
| Q3 25 | $-85.3M | $67.0M | ||
| Q2 25 | $49.4M | $66.4M | ||
| Q1 25 | $3.9M | $33.4M | ||
| Q4 24 | $61.2M | $37.3M | ||
| Q3 24 | $-26.5M | $45.7M | ||
| Q2 24 | $108.0M | $73.9M | ||
| Q1 24 | $3.9M | — |
| Q4 25 | 7.8% | 14.1% | ||
| Q3 25 | -216.3% | 9.8% | ||
| Q2 25 | 24.2% | 9.5% | ||
| Q1 25 | 0.9% | 5.6% | ||
| Q4 24 | 17.1% | 5.8% | ||
| Q3 24 | -49.7% | 7.4% | ||
| Q2 24 | 47.5% | 11.8% | ||
| Q1 24 | 0.9% | — |
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.9% | 1.3% | ||
| Q2 25 | 0.2% | 1.3% | ||
| Q1 25 | 0.6% | 2.1% | ||
| Q4 24 | 0.1% | 2.0% | ||
| Q3 24 | 0.7% | 2.3% | ||
| Q2 24 | 0.2% | 1.7% | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 3.94× | 1.84× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | 55.61× | 0.82× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | 4.25× | 1.85× | ||
| 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% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
