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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $403.4M, roughly 1.6× Madison Square Garden Sports Corp.). SouthState Bank Corp runs the higher net margin — 34.1% vs 2.0%, a 32.1% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
MSGS vs SSB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $661.7M |
| Net Profit | $8.2M | $225.8M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | 15.1% |
| Net Margin | 2.0% | 34.1% |
| Revenue YoY | 12.8% | — |
| Net Profit YoY | 641.9% | 153.5% |
| EPS (diluted) | $0.34 | $2.28 |
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.
| Q1 26 | — | $661.7M | ||
| Q4 25 | $403.4M | $581.1M | ||
| Q3 25 | $39.5M | $599.7M | ||
| Q2 25 | $204.0M | $577.9M | ||
| Q1 25 | $424.2M | $544.5M | ||
| Q4 24 | $357.8M | $369.8M | ||
| Q3 24 | $53.3M | $351.5M | ||
| Q2 24 | $227.3M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $8.2M | $247.7M | ||
| Q3 25 | $-8.8M | $246.6M | ||
| Q2 25 | $-1.8M | $215.2M | ||
| Q1 25 | $-14.2M | $89.1M | ||
| Q4 24 | $1.1M | $144.2M | ||
| Q3 24 | $-7.5M | $143.2M | ||
| Q2 24 | $25.5M | $132.4M |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 5.5% | 54.3% | ||
| Q3 25 | -69.5% | 53.6% | ||
| Q2 25 | -11.1% | 48.8% | ||
| Q1 25 | 7.6% | 22.3% | ||
| Q4 24 | 3.7% | 50.7% | ||
| Q3 24 | -15.5% | 53.1% | ||
| Q2 24 | 23.0% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 2.0% | 42.6% | ||
| Q3 25 | -22.3% | 41.1% | ||
| Q2 25 | -0.9% | 37.2% | ||
| Q1 25 | -3.4% | 16.4% | ||
| Q4 24 | 0.3% | 39.0% | ||
| Q3 24 | -14.1% | 40.7% | ||
| Q2 24 | 11.2% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $0.34 | $2.47 | ||
| Q3 25 | $-0.37 | $2.42 | ||
| Q2 25 | $-0.08 | $2.11 | ||
| Q1 25 | $-0.59 | $0.87 | ||
| Q4 24 | $0.05 | $1.88 | ||
| Q3 24 | $-0.31 | $1.86 | ||
| Q2 24 | $1.07 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-282.1M | $9.0B |
| Total Assets | $1.5B | $68.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $81.3M | — | ||
| Q3 25 | $48.6M | — | ||
| Q2 25 | $144.6M | — | ||
| Q1 25 | $96.5M | — | ||
| Q4 24 | $107.8M | — | ||
| Q3 24 | $52.3M | — | ||
| Q2 24 | $89.1M | — |
| Q1 26 | — | $9.0B | ||
| Q4 25 | $-282.1M | $9.1B | ||
| Q3 25 | $-294.2M | $9.0B | ||
| Q2 25 | $-281.4M | $8.8B | ||
| Q1 25 | $-283.4M | $8.6B | ||
| Q4 24 | $-273.1M | $5.9B | ||
| Q3 24 | $-277.5M | $5.9B | ||
| Q2 24 | $-266.3M | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $1.5B | $67.2B | ||
| Q3 25 | $1.5B | $66.0B | ||
| Q2 25 | $1.5B | $65.9B | ||
| Q1 25 | $1.5B | $65.1B | ||
| Q4 24 | $1.4B | $46.4B | ||
| Q3 24 | $1.4B | $46.1B | ||
| Q2 24 | $1.3B | $45.5B |
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 | — |
| Free Cash FlowOCF − Capex | $31.6M | — |
| FCF MarginFCF / Revenue | 7.8% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 3.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $32.4M | $232.1M | ||
| Q3 25 | $-85.0M | $122.4M | ||
| Q2 25 | $49.7M | $72.6M | ||
| Q1 25 | $6.3M | $-126.3M | ||
| Q4 24 | $61.8M | $354.3M | ||
| Q3 24 | $-26.2M | $-246.8M | ||
| Q2 24 | $108.4M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | $31.6M | $215.5M | ||
| Q3 25 | $-85.3M | $101.7M | ||
| Q2 25 | $49.4M | $52.5M | ||
| Q1 25 | $3.9M | $-139.1M | ||
| Q4 24 | $61.2M | $340.9M | ||
| Q3 24 | $-26.5M | $-254.2M | ||
| Q2 24 | $108.0M | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 37.1% | ||
| Q3 25 | -216.3% | 17.0% | ||
| Q2 25 | 24.2% | 9.1% | ||
| Q1 25 | 0.9% | -25.5% | ||
| Q4 24 | 17.1% | 92.2% | ||
| Q3 24 | -49.7% | -72.3% | ||
| Q2 24 | 47.5% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.9% | ||
| Q3 25 | 0.9% | 3.5% | ||
| Q2 25 | 0.2% | 3.5% | ||
| Q1 25 | 0.6% | 2.4% | ||
| Q4 24 | 0.1% | 3.6% | ||
| Q3 24 | 0.7% | 2.1% | ||
| Q2 24 | 0.2% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.94× | 0.94× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | 55.61× | 2.46× | ||
| Q3 24 | — | -1.72× | ||
| Q2 24 | 4.25× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
