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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and SunOpta Inc. (STKL). 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 $205.4M, roughly 2.0× SunOpta Inc.). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs 0.4%, a 1.6% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs 12.8%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $12.1M). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
MSGS vs STKL — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $205.4M |
| Net Profit | $8.2M | $816.0K |
| Gross Margin | — | 12.4% |
| Operating Margin | 5.5% | 3.3% |
| Net Margin | 2.0% | 0.4% |
| Revenue YoY | 12.8% | 16.6% |
| Net Profit YoY | 641.9% | 113.1% |
| EPS (diluted) | $0.34 | $0.01 |
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 | — | ||
| Q3 25 | $39.5M | $205.4M | ||
| Q2 25 | $204.0M | $191.5M | ||
| Q1 25 | $424.2M | $201.6M | ||
| Q4 24 | $357.8M | $193.9M | ||
| Q3 24 | $53.3M | $175.9M | ||
| Q2 24 | $227.3M | $169.5M | ||
| Q1 24 | $430.0M | $184.4M |
| Q4 25 | $8.2M | — | ||
| Q3 25 | $-8.8M | $816.0K | ||
| Q2 25 | $-1.8M | $4.4M | ||
| Q1 25 | $-14.2M | $4.8M | ||
| Q4 24 | $1.1M | $-8.7M | ||
| Q3 24 | $-7.5M | $-6.2M | ||
| Q2 24 | $25.5M | $-5.3M | ||
| Q1 24 | $37.9M | $2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 16.8% |
| Q4 25 | 5.5% | — | ||
| Q3 25 | -69.5% | 3.3% | ||
| Q2 25 | -11.1% | 5.5% | ||
| Q1 25 | 7.6% | 5.2% | ||
| Q4 24 | 3.7% | 1.4% | ||
| Q3 24 | -15.5% | 0.5% | ||
| Q2 24 | 23.0% | 1.2% | ||
| Q1 24 | 18.5% | 5.5% |
| Q4 25 | 2.0% | — | ||
| Q3 25 | -22.3% | 0.4% | ||
| Q2 25 | -0.9% | 2.3% | ||
| Q1 25 | -3.4% | 2.4% | ||
| Q4 24 | 0.3% | -4.5% | ||
| Q3 24 | -14.1% | -3.5% | ||
| Q2 24 | 11.2% | -3.1% | ||
| Q1 24 | 8.8% | 1.6% |
| Q4 25 | $0.34 | — | ||
| Q3 25 | $-0.37 | $0.01 | ||
| Q2 25 | $-0.08 | $0.03 | ||
| Q1 25 | $-0.59 | $0.04 | ||
| Q4 24 | $0.05 | $-0.08 | ||
| Q3 24 | $-0.31 | $-0.05 | ||
| Q2 24 | $1.07 | $-0.04 | ||
| Q1 24 | $1.57 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | — | $250.8M |
| Stockholders' EquityBook value | $-282.1M | $162.8M |
| Total Assets | $1.5B | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | — | ||
| Q3 25 | $48.6M | $2.2M | ||
| Q2 25 | $144.6M | $2.2M | ||
| Q1 25 | $96.5M | $2.3M | ||
| Q4 24 | $107.8M | $1.6M | ||
| Q3 24 | $52.3M | $2.9M | ||
| Q2 24 | $89.1M | $3.2M | ||
| Q1 24 | $40.0M | $1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $260.6M | ||
| Q4 24 | — | $265.2M | ||
| Q3 24 | — | $289.9M | ||
| Q2 24 | — | $303.1M | ||
| Q1 24 | — | $258.8M |
| Q4 25 | $-282.1M | — | ||
| Q3 25 | $-294.2M | $162.8M | ||
| Q2 25 | $-281.4M | $159.8M | ||
| Q1 25 | $-283.4M | $154.8M | ||
| Q4 24 | $-273.1M | $148.6M | ||
| Q3 24 | $-277.5M | $155.0M | ||
| Q2 24 | $-266.3M | $158.8M | ||
| Q1 24 | $-294.0M | $163.6M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $694.1M | ||
| Q2 25 | $1.5B | $704.9M | ||
| Q1 25 | $1.5B | $690.7M | ||
| Q4 24 | $1.4B | $668.5M | ||
| Q3 24 | $1.4B | $699.3M | ||
| Q2 24 | $1.3B | $704.7M | ||
| Q1 24 | $1.4B | $671.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $31.6M | $12.1M |
| FCF MarginFCF / Revenue | 7.8% | 5.9% |
| Capex IntensityCapex / Revenue | 0.2% | 2.1% |
| Cash ConversionOCF / Net Profit | 3.94× | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | — | ||
| Q3 25 | $-85.0M | $16.3M | ||
| Q2 25 | $49.7M | $-4.5M | ||
| Q1 25 | $6.3M | $22.3M | ||
| Q4 24 | $61.8M | $33.1M | ||
| Q3 24 | $-26.2M | $17.2M | ||
| Q2 24 | $108.4M | $-5.6M | ||
| Q1 24 | $4.0M | $5.3M |
| Q4 25 | $31.6M | — | ||
| Q3 25 | $-85.3M | $12.1M | ||
| Q2 25 | $49.4M | $-9.2M | ||
| Q1 25 | $3.9M | $9.5M | ||
| Q4 24 | $61.2M | $24.0M | ||
| Q3 24 | $-26.5M | $11.7M | ||
| Q2 24 | $108.0M | $-15.3M | ||
| Q1 24 | $3.9M | $-2.3M |
| Q4 25 | 7.8% | — | ||
| Q3 25 | -216.3% | 5.9% | ||
| Q2 25 | 24.2% | -4.8% | ||
| Q1 25 | 0.9% | 4.7% | ||
| Q4 24 | 17.1% | 12.4% | ||
| Q3 24 | -49.7% | 6.6% | ||
| Q2 24 | 47.5% | -9.0% | ||
| Q1 24 | 0.9% | -1.2% |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.9% | 2.1% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | 0.6% | 6.3% | ||
| Q4 24 | 0.1% | 4.7% | ||
| Q3 24 | 0.7% | 3.2% | ||
| Q2 24 | 0.2% | 5.7% | ||
| Q1 24 | 0.0% | 4.1% |
| Q4 25 | 3.94× | — | ||
| Q3 25 | — | 20.03× | ||
| Q2 25 | — | -1.03× | ||
| Q1 25 | — | 4.63× | ||
| Q4 24 | 55.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.25× | — | ||
| Q1 24 | 0.11× | 1.83× |
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% |
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
