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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and STONERIDGE INC (SRI). 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 $205.2M, roughly 2.0× STONERIDGE INC). On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs -6.0%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $2.6M). Over the past eight quarters, Madison Square Garden Sports Corp.'s revenue compounded faster (-3.1% CAGR vs -7.4%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
MSGS vs SRI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $205.2M |
| Net Profit | $8.2M | — |
| Gross Margin | — | 16.2% |
| Operating Margin | 5.5% | -14.4% |
| Net Margin | 2.0% | — |
| Revenue YoY | 12.8% | -6.0% |
| Net Profit YoY | 641.9% | — |
| EPS (diluted) | $0.34 | $-2.76 |
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 | $205.2M | ||
| Q3 25 | $39.5M | $210.3M | ||
| Q2 25 | $204.0M | $228.0M | ||
| Q1 25 | $424.2M | $217.9M | ||
| Q4 24 | $357.8M | $218.2M | ||
| Q3 24 | $53.3M | $213.8M | ||
| Q2 24 | $227.3M | $237.1M | ||
| Q1 24 | $430.0M | $239.2M |
| Q4 25 | $8.2M | — | ||
| Q3 25 | $-8.8M | $-9.4M | ||
| Q2 25 | $-1.8M | $-9.4M | ||
| Q1 25 | $-14.2M | $-7.2M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $-7.5M | $-7.1M | ||
| Q2 24 | $25.5M | $2.8M | ||
| Q1 24 | $37.9M | $-6.1M |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 20.3% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | 5.5% | -14.4% | ||
| Q3 25 | -69.5% | -1.6% | ||
| Q2 25 | -11.1% | -1.1% | ||
| Q1 25 | 7.6% | -1.5% | ||
| Q4 24 | 3.7% | -2.0% | ||
| Q3 24 | -15.5% | 0.1% | ||
| Q2 24 | 23.0% | 1.4% | ||
| Q1 24 | 18.5% | 0.1% |
| Q4 25 | 2.0% | — | ||
| Q3 25 | -22.3% | -4.5% | ||
| Q2 25 | -0.9% | -4.1% | ||
| Q1 25 | -3.4% | -3.3% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | -14.1% | -3.3% | ||
| Q2 24 | 11.2% | 1.2% | ||
| Q1 24 | 8.8% | -2.6% |
| Q4 25 | $0.34 | $-2.76 | ||
| Q3 25 | $-0.37 | $-0.34 | ||
| Q2 25 | $-0.08 | $-0.34 | ||
| Q1 25 | $-0.59 | $-0.26 | ||
| Q4 24 | $0.05 | $-0.22 | ||
| Q3 24 | $-0.31 | $-0.26 | ||
| Q2 24 | $1.07 | $0.10 | ||
| Q1 24 | $1.57 | $-0.22 |
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 | $66.3M |
| Total DebtLower is stronger | — | $180.9M |
| Stockholders' EquityBook value | $-282.1M | $179.8M |
| Total Assets | $1.5B | $551.2M |
| Debt / EquityLower = less leverage | — | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $66.3M | ||
| Q3 25 | $48.6M | $54.0M | ||
| Q2 25 | $144.6M | $49.8M | ||
| Q1 25 | $96.5M | $79.1M | ||
| Q4 24 | $107.8M | $71.8M | ||
| Q3 24 | $52.3M | $54.1M | ||
| Q2 24 | $89.1M | $42.1M | ||
| Q1 24 | $40.0M | $48.4M |
| Q4 25 | — | $180.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $201.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-282.1M | $179.8M | ||
| Q3 25 | $-294.2M | $251.2M | ||
| Q2 25 | $-281.4M | $260.5M | ||
| Q1 25 | $-283.4M | $253.1M | ||
| Q4 24 | $-273.1M | $245.3M | ||
| Q3 24 | $-277.5M | $271.4M | ||
| Q2 24 | $-266.3M | $270.5M | ||
| Q1 24 | $-294.0M | $277.3M |
| Q4 25 | $1.5B | $551.2M | ||
| Q3 25 | $1.5B | $632.1M | ||
| Q2 25 | $1.5B | $639.4M | ||
| Q1 25 | $1.5B | $657.4M | ||
| Q4 24 | $1.4B | $621.6M | ||
| Q3 24 | $1.4B | $662.5M | ||
| Q2 24 | $1.3B | $666.7M | ||
| Q1 24 | $1.4B | $675.4M |
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.8M |
| Free Cash FlowOCF − Capex | $31.6M | $2.6M |
| FCF MarginFCF / Revenue | 7.8% | 1.3% |
| Capex IntensityCapex / Revenue | 0.2% | 3.0% |
| Cash ConversionOCF / Net Profit | 3.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $12.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $8.8M | ||
| Q3 25 | $-85.0M | $3.6M | ||
| Q2 25 | $49.7M | $10.7M | ||
| Q1 25 | $6.3M | $10.9M | ||
| Q4 24 | $61.8M | $19.2M | ||
| Q3 24 | $-26.2M | $10.8M | ||
| Q2 24 | $108.4M | $8.7M | ||
| Q1 24 | $4.0M | $9.1M |
| Q4 25 | $31.6M | $2.6M | ||
| Q3 25 | $-85.3M | $-2.7M | ||
| Q2 25 | $49.4M | $7.4M | ||
| Q1 25 | $3.9M | $4.8M | ||
| Q4 24 | $61.2M | $14.0M | ||
| Q3 24 | $-26.5M | $4.6M | ||
| Q2 24 | $108.0M | $1.5M | ||
| Q1 24 | $3.9M | $3.3M |
| Q4 25 | 7.8% | 1.3% | ||
| Q3 25 | -216.3% | -1.3% | ||
| Q2 25 | 24.2% | 3.3% | ||
| Q1 25 | 0.9% | 2.2% | ||
| Q4 24 | 17.1% | 6.4% | ||
| Q3 24 | -49.7% | 2.2% | ||
| Q2 24 | 47.5% | 0.6% | ||
| Q1 24 | 0.9% | 1.4% |
| Q4 25 | 0.2% | 3.0% | ||
| Q3 25 | 0.9% | 3.0% | ||
| Q2 25 | 0.2% | 1.4% | ||
| Q1 25 | 0.6% | 2.8% | ||
| Q4 24 | 0.1% | 2.4% | ||
| Q3 24 | 0.7% | 2.9% | ||
| Q2 24 | 0.2% | 3.0% | ||
| Q1 24 | 0.0% | 2.4% |
| Q4 25 | 3.94× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 55.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.25× | 3.11× | ||
| 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% |
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
