vs
Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and Bristow Group Inc. (VTOL). 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 $377.3M, roughly 1.1× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs 2.0%, a 2.8% gap on every dollar of revenue. On growth, Madison Square Garden Sports Corp. posted the faster year-over-year revenue change (12.8% vs 6.7%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $31.6M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
MSGS vs VTOL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $377.3M |
| Net Profit | $8.2M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | 8.5% |
| Net Margin | 2.0% | 4.9% |
| Revenue YoY | 12.8% | 6.7% |
| Net Profit YoY | 641.9% | -42.1% |
| EPS (diluted) | $0.34 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $39.5M | $386.3M | ||
| Q2 25 | $204.0M | $376.4M | ||
| Q1 25 | $424.2M | $350.5M | ||
| Q4 24 | $357.8M | $353.5M | ||
| Q3 24 | $53.3M | $365.1M | ||
| Q2 24 | $227.3M | $359.7M | ||
| Q1 24 | $430.0M | $337.1M |
| Q4 25 | $8.2M | $18.4M | ||
| Q3 25 | $-8.8M | $51.5M | ||
| Q2 25 | $-1.8M | $31.7M | ||
| Q1 25 | $-14.2M | $27.4M | ||
| Q4 24 | $1.1M | $31.8M | ||
| Q3 24 | $-7.5M | $28.2M | ||
| Q2 24 | $25.5M | $28.2M | ||
| Q1 24 | $37.9M | $6.6M |
| Q4 25 | 5.5% | 8.5% | ||
| Q3 25 | -69.5% | 13.1% | ||
| Q2 25 | -11.1% | 11.3% | ||
| Q1 25 | 7.6% | 9.6% | ||
| Q4 24 | 3.7% | 9.0% | ||
| Q3 24 | -15.5% | 9.1% | ||
| Q2 24 | 23.0% | 12.4% | ||
| Q1 24 | 18.5% | 6.8% |
| Q4 25 | 2.0% | 4.9% | ||
| Q3 25 | -22.3% | 13.3% | ||
| Q2 25 | -0.9% | 8.4% | ||
| Q1 25 | -3.4% | 7.8% | ||
| Q4 24 | 0.3% | 9.0% | ||
| Q3 24 | -14.1% | 7.7% | ||
| Q2 24 | 11.2% | 7.8% | ||
| Q1 24 | 8.8% | 2.0% |
| Q4 25 | $0.34 | $0.61 | ||
| Q3 25 | $-0.37 | $1.72 | ||
| Q2 25 | $-0.08 | $1.07 | ||
| Q1 25 | $-0.59 | $0.92 | ||
| Q4 24 | $0.05 | $1.07 | ||
| Q3 24 | $-0.31 | $0.95 | ||
| Q2 24 | $1.07 | $0.96 | ||
| Q1 24 | $1.57 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $-282.1M | $1.1B |
| Total Assets | $1.5B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $286.2M | ||
| Q3 25 | $48.6M | $245.5M | ||
| Q2 25 | $144.6M | $251.8M | ||
| Q1 25 | $96.5M | $191.1M | ||
| Q4 24 | $107.8M | $247.5M | ||
| Q3 24 | $52.3M | $200.3M | ||
| Q2 24 | $89.1M | $178.6M | ||
| Q1 24 | $40.0M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $-282.1M | $1.1B | ||
| Q3 25 | $-294.2M | $1.0B | ||
| Q2 25 | $-281.4M | $984.4M | ||
| Q1 25 | $-283.4M | $931.7M | ||
| Q4 24 | $-273.1M | $891.7M | ||
| Q3 24 | $-277.5M | $899.2M | ||
| Q2 24 | $-266.3M | $849.1M | ||
| Q1 24 | $-294.0M | $820.7M |
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.4B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $31.6M | $47.8M |
| FCF MarginFCF / Revenue | 7.8% | 12.7% |
| Capex IntensityCapex / Revenue | 0.2% | 7.7% |
| Cash ConversionOCF / Net Profit | 3.94× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $76.9M | ||
| Q3 25 | $-85.0M | $23.1M | ||
| Q2 25 | $49.7M | $99.0M | ||
| Q1 25 | $6.3M | $-603.0K | ||
| Q4 24 | $61.8M | $51.1M | ||
| Q3 24 | $-26.2M | $66.0M | ||
| Q2 24 | $108.4M | $33.7M | ||
| Q1 24 | $4.0M | $26.7M |
| Q4 25 | $31.6M | $47.8M | ||
| Q3 25 | $-85.3M | $-6.2M | ||
| Q2 25 | $49.4M | $67.4M | ||
| Q1 25 | $3.9M | $-52.7M | ||
| Q4 24 | $61.2M | $-32.4M | ||
| Q3 24 | $-26.5M | $9.0M | ||
| Q2 24 | $108.0M | $-16.7M | ||
| Q1 24 | $3.9M | $-37.9M |
| Q4 25 | 7.8% | 12.7% | ||
| Q3 25 | -216.3% | -1.6% | ||
| Q2 25 | 24.2% | 17.9% | ||
| Q1 25 | 0.9% | -15.0% | ||
| Q4 24 | 17.1% | -9.2% | ||
| Q3 24 | -49.7% | 2.5% | ||
| Q2 24 | 47.5% | -4.6% | ||
| Q1 24 | 0.9% | -11.2% |
| Q4 25 | 0.2% | 7.7% | ||
| Q3 25 | 0.9% | 7.6% | ||
| Q2 25 | 0.2% | 8.4% | ||
| Q1 25 | 0.6% | 14.9% | ||
| Q4 24 | 0.1% | 23.6% | ||
| Q3 24 | 0.7% | 15.6% | ||
| Q2 24 | 0.2% | 14.0% | ||
| Q1 24 | 0.0% | 19.2% |
| Q4 25 | 3.94× | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 3.12× | ||
| Q1 25 | — | -0.02× | ||
| Q4 24 | 55.61× | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | 4.25× | 1.20× | ||
| Q1 24 | 0.11× | 4.04× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
