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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and UNITED BANKSHARES INC (UBSI). 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 $318.4M, roughly 1.3× UNITED BANKSHARES INC). UNITED BANKSHARES INC runs the higher net margin — 40.5% vs 2.0%, a 38.4% gap on every dollar of revenue. On growth, UNITED BANKSHARES INC posted the faster year-over-year revenue change (21.6% vs 12.8%). UNITED BANKSHARES INC produced more free cash flow last quarter ($481.2M vs $31.6M). Over the past eight quarters, UNITED BANKSHARES INC's revenue compounded faster (11.8% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
United Bankshares Inc. (WV) is a regional financial holding company operating mainly across the Mid-Atlantic and Southeastern United States. It provides full-spectrum banking solutions including consumer and commercial lending, deposit products, wealth management, and mortgage services for individual, small business and corporate clients.
MSGS vs UBSI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $318.4M |
| Net Profit | $8.2M | $128.8M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | 50.2% |
| Net Margin | 2.0% | 40.5% |
| Revenue YoY | 12.8% | 21.6% |
| Net Profit YoY | 641.9% | 36.5% |
| EPS (diluted) | $0.34 | $0.91 |
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 | $318.4M | ||
| Q3 25 | $39.5M | $323.3M | ||
| Q2 25 | $204.0M | $306.0M | ||
| Q1 25 | $424.2M | $289.6M | ||
| Q4 24 | $357.8M | $261.9M | ||
| Q3 24 | $53.3M | $262.2M | ||
| Q2 24 | $227.3M | $255.9M | ||
| Q1 24 | $430.0M | $254.7M |
| Q4 25 | $8.2M | $128.8M | ||
| Q3 25 | $-8.8M | $130.7M | ||
| Q2 25 | $-1.8M | $120.7M | ||
| Q1 25 | $-14.2M | $84.3M | ||
| Q4 24 | $1.1M | $94.4M | ||
| Q3 24 | $-7.5M | $95.3M | ||
| Q2 24 | $25.5M | $96.5M | ||
| Q1 24 | $37.9M | $86.8M |
| Q4 25 | 5.5% | 50.2% | ||
| Q3 25 | -69.5% | 50.9% | ||
| Q2 25 | -11.1% | 49.7% | ||
| Q1 25 | 7.6% | 36.9% | ||
| Q4 24 | 3.7% | 46.2% | ||
| Q3 24 | -15.5% | 45.7% | ||
| Q2 24 | 23.0% | 45.1% | ||
| Q1 24 | 18.5% | 42.5% |
| Q4 25 | 2.0% | 40.5% | ||
| Q3 25 | -22.3% | 40.4% | ||
| Q2 25 | -0.9% | 39.5% | ||
| Q1 25 | -3.4% | 29.1% | ||
| Q4 24 | 0.3% | 36.0% | ||
| Q3 24 | -14.1% | 36.3% | ||
| Q2 24 | 11.2% | 37.7% | ||
| Q1 24 | 8.8% | 34.1% |
| Q4 25 | $0.34 | $0.91 | ||
| Q3 25 | $-0.37 | $0.92 | ||
| Q2 25 | $-0.08 | $0.85 | ||
| Q1 25 | $-0.59 | $0.59 | ||
| Q4 24 | $0.05 | $0.70 | ||
| Q3 24 | $-0.31 | $0.70 | ||
| Q2 24 | $1.07 | $0.71 | ||
| Q1 24 | $1.57 | $0.64 |
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 | — | $531.8M |
| Stockholders' EquityBook value | $-282.1M | $5.5B |
| Total Assets | $1.5B | $33.7B |
| Debt / EquityLower = less leverage | — | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $40.0M | — |
| Q4 25 | — | $531.8M | ||
| Q3 25 | — | $250.0M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $250.0M | ||
| Q4 24 | — | $540.4M | ||
| Q3 24 | — | $260.3M | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | $-282.1M | $5.5B | ||
| Q3 25 | $-294.2M | $5.4B | ||
| Q2 25 | $-281.4M | $5.4B | ||
| Q1 25 | $-283.4M | $5.3B | ||
| Q4 24 | $-273.1M | $5.0B | ||
| Q3 24 | $-277.5M | $5.0B | ||
| Q2 24 | $-266.3M | $4.9B | ||
| Q1 24 | $-294.0M | $4.8B |
| Q4 25 | $1.5B | $33.7B | ||
| Q3 25 | $1.5B | $33.4B | ||
| Q2 25 | $1.5B | $32.8B | ||
| Q1 25 | $1.5B | $32.8B | ||
| Q4 24 | $1.4B | $30.0B | ||
| Q3 24 | $1.4B | $29.9B | ||
| Q2 24 | $1.3B | $30.0B | ||
| Q1 24 | $1.4B | $30.0B |
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.30× |
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 | $498.9M |
| Free Cash FlowOCF − Capex | $31.6M | $481.2M |
| FCF MarginFCF / Revenue | 7.8% | 151.1% |
| Capex IntensityCapex / Revenue | 0.2% | 5.6% |
| Cash ConversionOCF / Net Profit | 3.94× | 3.87× |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $828.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $498.9M | ||
| Q3 25 | $-85.0M | $150.6M | ||
| Q2 25 | $49.7M | $89.4M | ||
| Q1 25 | $6.3M | $120.0M | ||
| Q4 24 | $61.8M | $445.5M | ||
| Q3 24 | $-26.2M | $123.6M | ||
| Q2 24 | $108.4M | $61.2M | ||
| Q1 24 | $4.0M | $124.4M |
| Q4 25 | $31.6M | $481.2M | ||
| Q3 25 | $-85.3M | $146.4M | ||
| Q2 25 | $49.4M | $85.2M | ||
| Q1 25 | $3.9M | $116.1M | ||
| Q4 24 | $61.2M | $433.3M | ||
| Q3 24 | $-26.5M | $122.0M | ||
| Q2 24 | $108.0M | $58.2M | ||
| Q1 24 | $3.9M | $119.6M |
| Q4 25 | 7.8% | 151.1% | ||
| Q3 25 | -216.3% | 45.3% | ||
| Q2 25 | 24.2% | 27.8% | ||
| Q1 25 | 0.9% | 40.1% | ||
| Q4 24 | 17.1% | 165.4% | ||
| Q3 24 | -49.7% | 46.5% | ||
| Q2 24 | 47.5% | 22.7% | ||
| Q1 24 | 0.9% | 47.0% |
| Q4 25 | 0.2% | 5.6% | ||
| Q3 25 | 0.9% | 1.3% | ||
| Q2 25 | 0.2% | 1.4% | ||
| Q1 25 | 0.6% | 1.3% | ||
| Q4 24 | 0.1% | 4.6% | ||
| Q3 24 | 0.7% | 0.6% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.0% | 1.9% |
| Q4 25 | 3.94× | 3.87× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | 55.61× | 4.72× | ||
| Q3 24 | — | 1.30× | ||
| Q2 24 | 4.25× | 0.63× | ||
| Q1 24 | 0.11× | 1.43× |
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% |
UBSI
Segment breakdown not available.
