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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and TEXAS CAPITAL BANCSHARES INC (TCBI). 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 $324.0M, roughly 1.2× TEXAS CAPITAL BANCSHARES INC). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs 2.0%, a 20.7% gap on every dollar of revenue. On growth, TEXAS CAPITAL BANCSHARES INC posted the faster year-over-year revenue change (15.5% vs 12.8%). Over the past eight quarters, TEXAS CAPITAL BANCSHARES INC's revenue compounded faster (10.2% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
MSGS vs TCBI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $324.0M |
| Net Profit | $8.2M | $73.8M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | — |
| Net Margin | 2.0% | 22.8% |
| Revenue YoY | 12.8% | 15.5% |
| Net Profit YoY | 641.9% | 56.8% |
| EPS (diluted) | $0.34 | $1.56 |
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 | — | $324.0M | ||
| Q4 25 | $403.4M | $327.5M | ||
| Q3 25 | $39.5M | $340.4M | ||
| Q2 25 | $204.0M | $307.5M | ||
| Q1 25 | $424.2M | $280.5M | ||
| Q4 24 | $357.8M | $229.6M | ||
| Q3 24 | $53.3M | $125.3M | ||
| Q2 24 | $227.3M | $267.0M |
| Q1 26 | — | $73.8M | ||
| Q4 25 | $8.2M | $100.7M | ||
| Q3 25 | $-8.8M | $105.2M | ||
| Q2 25 | $-1.8M | $77.3M | ||
| Q1 25 | $-14.2M | $47.0M | ||
| Q4 24 | $1.1M | $71.0M | ||
| Q3 24 | $-7.5M | $-61.3M | ||
| Q2 24 | $25.5M | $41.7M |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 40.4% | ||
| Q3 25 | -69.5% | 40.5% | ||
| Q2 25 | -11.1% | 33.2% | ||
| Q1 25 | 7.6% | 21.6% | ||
| Q4 24 | 3.7% | 40.7% | ||
| Q3 24 | -15.5% | -63.8% | ||
| Q2 24 | 23.0% | 21.9% |
| Q1 26 | — | 22.8% | ||
| Q4 25 | 2.0% | 30.7% | ||
| Q3 25 | -22.3% | 30.9% | ||
| Q2 25 | -0.9% | 25.2% | ||
| Q1 25 | -3.4% | 16.8% | ||
| Q4 24 | 0.3% | 30.9% | ||
| Q3 24 | -14.1% | -48.9% | ||
| Q2 24 | 11.2% | 15.6% |
| Q1 26 | — | $1.56 | ||
| Q4 25 | $0.34 | $2.11 | ||
| Q3 25 | $-0.37 | $2.18 | ||
| Q2 25 | $-0.08 | $1.58 | ||
| Q1 25 | $-0.59 | $0.92 | ||
| Q4 24 | $0.05 | $1.43 | ||
| Q3 24 | $-0.31 | $-1.41 | ||
| Q2 24 | $1.07 | $0.80 |
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 | — |
| Total DebtLower is stronger | — | $878.3M |
| Stockholders' EquityBook value | $-282.1M | $3.6B |
| Total Assets | $1.5B | $33.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | — | $878.3M | ||
| Q4 25 | — | $620.6M | ||
| Q3 25 | — | $620.4M | ||
| Q2 25 | — | $620.3M | ||
| Q1 25 | — | $660.5M | ||
| Q4 24 | — | $660.3M | ||
| Q3 24 | — | $660.2M | ||
| Q2 24 | — | $660.0M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $-282.1M | $3.6B | ||
| Q3 25 | $-294.2M | $3.6B | ||
| Q2 25 | $-281.4M | $3.5B | ||
| Q1 25 | $-283.4M | $3.4B | ||
| Q4 24 | $-273.1M | $3.4B | ||
| Q3 24 | $-277.5M | $3.4B | ||
| Q2 24 | $-266.3M | $3.2B |
| Q1 26 | — | $33.5B | ||
| Q4 25 | $1.5B | $31.5B | ||
| Q3 25 | $1.5B | $32.5B | ||
| Q2 25 | $1.5B | $31.9B | ||
| Q1 25 | $1.5B | $31.4B | ||
| Q4 24 | $1.4B | $30.7B | ||
| Q3 24 | $1.4B | $31.6B | ||
| Q2 24 | $1.3B | $29.9B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.21× |
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 | $360.2M | ||
| Q3 25 | $-85.0M | $166.3M | ||
| Q2 25 | $49.7M | $63.0M | ||
| Q1 25 | $6.3M | $368.0K | ||
| Q4 24 | $61.8M | $480.1M | ||
| Q3 24 | $-26.2M | $332.8M | ||
| Q2 24 | $108.4M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $31.6M | $347.6M | ||
| Q3 25 | $-85.3M | $161.3M | ||
| Q2 25 | $49.4M | $57.5M | ||
| Q1 25 | $3.9M | $-2.0M | ||
| Q4 24 | $61.2M | $415.2M | ||
| Q3 24 | $-26.5M | $317.6M | ||
| Q2 24 | $108.0M | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 106.1% | ||
| Q3 25 | -216.3% | 47.4% | ||
| Q2 25 | 24.2% | 18.7% | ||
| Q1 25 | 0.9% | -0.7% | ||
| Q4 24 | 17.1% | 180.9% | ||
| Q3 24 | -49.7% | 253.4% | ||
| Q2 24 | 47.5% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.8% | ||
| Q3 25 | 0.9% | 1.5% | ||
| Q2 25 | 0.2% | 1.8% | ||
| Q1 25 | 0.6% | 0.9% | ||
| Q4 24 | 0.1% | 28.2% | ||
| Q3 24 | 0.7% | 12.1% | ||
| Q2 24 | 0.2% | 8.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.94× | 3.58× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | 55.61× | 6.76× | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.25× | 0.80× |
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% |
TCBI
Segment breakdown not available.
