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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and SYNAPTICS Inc (SYNA). 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 $302.5M, roughly 1.3× SYNAPTICS Inc). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs -4.9%, a 6.9% gap on every dollar of revenue. On growth, SYNAPTICS Inc posted the faster year-over-year revenue change (13.2% vs 12.8%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $18.2M). Over the past eight quarters, SYNAPTICS Inc's revenue compounded faster (12.9% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Synaptics, Inc. is an American neural network technologies and computer-to-human interface devices development company based in San Jose, California. It develops touchpads and fingerprint biometrics technology for computer laptops; touch, display driver, and fingerprint biometrics technology for smartphones; and touch, video and far-field voice, low-power AI processors, and wireless technology for smart home devices, wearables, and automobiles. Synaptics sells its products to original equipme...
MSGS vs SYNA — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $302.5M |
| Net Profit | $8.2M | $-14.8M |
| Gross Margin | — | 43.5% |
| Operating Margin | 5.5% | -5.0% |
| Net Margin | 2.0% | -4.9% |
| Revenue YoY | 12.8% | 13.2% |
| Net Profit YoY | 641.9% | -922.2% |
| EPS (diluted) | $0.34 | $-0.38 |
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 | $302.5M | ||
| Q3 25 | $39.5M | $292.5M | ||
| Q2 25 | $204.0M | $282.8M | ||
| Q1 25 | $424.2M | $266.6M | ||
| Q4 24 | $357.8M | $267.2M | ||
| Q3 24 | $53.3M | $257.7M | ||
| Q2 24 | $227.3M | $247.4M | ||
| Q1 24 | $430.0M | $237.3M |
| Q4 25 | $8.2M | $-14.8M | ||
| Q3 25 | $-8.8M | $-20.6M | ||
| Q2 25 | $-1.8M | $-4.7M | ||
| Q1 25 | $-14.2M | $-21.8M | ||
| Q4 24 | $1.1M | $1.8M | ||
| Q3 24 | $-7.5M | $-23.1M | ||
| Q2 24 | $25.5M | $208.3M | ||
| Q1 24 | $37.9M | $-18.1M |
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 42.6% | ||
| Q2 25 | — | 43.0% | ||
| Q1 25 | — | 43.4% | ||
| Q4 24 | — | 45.7% | ||
| Q3 24 | — | 46.9% | ||
| Q2 24 | — | 45.8% | ||
| Q1 24 | — | 46.5% |
| Q4 25 | 5.5% | -5.0% | ||
| Q3 25 | -69.5% | -7.9% | ||
| Q2 25 | -11.1% | -8.6% | ||
| Q1 25 | 7.6% | -9.9% | ||
| Q4 24 | 3.7% | -5.7% | ||
| Q3 24 | -15.5% | -11.0% | ||
| Q2 24 | 23.0% | -12.6% | ||
| Q1 24 | 18.5% | -7.3% |
| Q4 25 | 2.0% | -4.9% | ||
| Q3 25 | -22.3% | -7.0% | ||
| Q2 25 | -0.9% | -1.7% | ||
| Q1 25 | -3.4% | -8.2% | ||
| Q4 24 | 0.3% | 0.7% | ||
| Q3 24 | -14.1% | -9.0% | ||
| Q2 24 | 11.2% | 84.2% | ||
| Q1 24 | 8.8% | -7.6% |
| Q4 25 | $0.34 | $-0.38 | ||
| Q3 25 | $-0.37 | $-0.53 | ||
| Q2 25 | $-0.08 | $-0.13 | ||
| Q1 25 | $-0.59 | $-0.56 | ||
| Q4 24 | $0.05 | $0.05 | ||
| Q3 24 | $-0.31 | $-0.58 | ||
| Q2 24 | $1.07 | $5.28 | ||
| Q1 24 | $1.57 | $-0.46 |
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 | $437.4M |
| Total DebtLower is stronger | — | $836.0M |
| Stockholders' EquityBook value | $-282.1M | $1.4B |
| Total Assets | $1.5B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.60× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $437.4M | ||
| Q3 25 | $48.6M | $459.9M | ||
| Q2 25 | $144.6M | $452.5M | ||
| Q1 25 | $96.5M | $421.4M | ||
| Q4 24 | $107.8M | $596.1M | ||
| Q3 24 | $52.3M | $853.6M | ||
| Q2 24 | $89.1M | $876.9M | ||
| Q1 24 | $40.0M | $828.6M |
| Q4 25 | — | $836.0M | ||
| Q3 25 | — | $835.4M | ||
| Q2 25 | — | $834.8M | ||
| Q1 25 | — | $834.2M | ||
| Q4 24 | — | $832.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $983.5M | ||
| Q1 24 | — | — |
| Q4 25 | $-282.1M | $1.4B | ||
| Q3 25 | $-294.2M | $1.4B | ||
| Q2 25 | $-281.4M | $1.4B | ||
| Q1 25 | $-283.4M | $1.4B | ||
| Q4 24 | $-273.1M | $1.4B | ||
| Q3 24 | $-277.5M | $1.5B | ||
| Q2 24 | $-266.3M | $1.5B | ||
| Q1 24 | $-294.0M | $1.2B |
| Q4 25 | $1.5B | $2.6B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.6B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.4B | $2.5B |
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.67× | ||
| 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 | $29.8M |
| Free Cash FlowOCF − Capex | $31.6M | $18.2M |
| FCF MarginFCF / Revenue | 7.8% | 6.0% |
| Capex IntensityCapex / Revenue | 0.2% | 3.8% |
| Cash ConversionOCF / Net Profit | 3.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $154.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $29.8M | ||
| Q3 25 | $-85.0M | $30.2M | ||
| Q2 25 | $49.7M | $57.2M | ||
| Q1 25 | $6.3M | $73.4M | ||
| Q4 24 | $61.8M | $22.8M | ||
| Q3 24 | $-26.2M | $-11.4M | ||
| Q2 24 | $108.4M | $65.0M | ||
| Q1 24 | $4.0M | $-13.7M |
| Q4 25 | $31.6M | $18.2M | ||
| Q3 25 | $-85.3M | $18.0M | ||
| Q2 25 | $49.4M | $50.6M | ||
| Q1 25 | $3.9M | $68.0M | ||
| Q4 24 | $61.2M | $18.1M | ||
| Q3 24 | $-26.5M | $-20.5M | ||
| Q2 24 | $108.0M | $57.3M | ||
| Q1 24 | $3.9M | $-22.7M |
| Q4 25 | 7.8% | 6.0% | ||
| Q3 25 | -216.3% | 6.2% | ||
| Q2 25 | 24.2% | 17.9% | ||
| Q1 25 | 0.9% | 25.5% | ||
| Q4 24 | 17.1% | 6.8% | ||
| Q3 24 | -49.7% | -8.0% | ||
| Q2 24 | 47.5% | 23.2% | ||
| Q1 24 | 0.9% | -9.6% |
| Q4 25 | 0.2% | 3.8% | ||
| Q3 25 | 0.9% | 4.2% | ||
| Q2 25 | 0.2% | 2.3% | ||
| Q1 25 | 0.6% | 2.0% | ||
| Q4 24 | 0.1% | 1.8% | ||
| Q3 24 | 0.7% | 3.5% | ||
| Q2 24 | 0.2% | 3.1% | ||
| Q1 24 | 0.0% | 3.8% |
| Q4 25 | 3.94× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 55.61× | 12.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.25× | 0.31× | ||
| 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% |
SYNA
| Enterprise And Automotive Product Applications | $161.1M | 53% |
| Internet Of Things Product Applications | $93.2M | 31% |
| Mobile Product Applications | $48.2M | 16% |
