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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and Westrock Coffee Co (WEST). 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 $339.5M, roughly 1.2× Westrock Coffee Co). Madison Square Garden Sports Corp. runs the higher net margin — 2.0% vs -6.6%, a 8.7% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 12.8%). Madison Square Garden Sports Corp. produced more free cash flow last quarter ($31.6M vs $27.8M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
MSGS vs WEST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $339.5M |
| Net Profit | $8.2M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | 5.5% | -2.6% |
| Net Margin | 2.0% | -6.6% |
| Revenue YoY | 12.8% | 48.3% |
| Net Profit YoY | 641.9% | 8.3% |
| EPS (diluted) | $0.34 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $39.5M | $354.8M | ||
| Q2 25 | $204.0M | $280.9M | ||
| Q1 25 | $424.2M | $213.8M | ||
| Q4 24 | $357.8M | $229.0M | ||
| Q3 24 | $53.3M | $220.9M | ||
| Q2 24 | $227.3M | $208.4M | ||
| Q1 24 | $430.0M | $192.5M |
| Q4 25 | $8.2M | $-22.6M | ||
| Q3 25 | $-8.8M | $-19.1M | ||
| Q2 25 | $-1.8M | $-21.6M | ||
| Q1 25 | $-14.2M | $-27.2M | ||
| Q4 24 | $1.1M | $-24.6M | ||
| Q3 24 | $-7.5M | $-14.3M | ||
| Q2 24 | $25.5M | $-17.8M | ||
| Q1 24 | $37.9M | $-23.7M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 5.5% | -2.6% | ||
| Q3 25 | -69.5% | -2.4% | ||
| Q2 25 | -11.1% | -5.3% | ||
| Q1 25 | 7.6% | -6.1% | ||
| Q4 24 | 3.7% | -4.3% | ||
| Q3 24 | -15.5% | -5.8% | ||
| Q2 24 | 23.0% | -7.9% | ||
| Q1 24 | 18.5% | -5.3% |
| Q4 25 | 2.0% | -6.6% | ||
| Q3 25 | -22.3% | -5.4% | ||
| Q2 25 | -0.9% | -7.7% | ||
| Q1 25 | -3.4% | -12.7% | ||
| Q4 24 | 0.3% | -10.7% | ||
| Q3 24 | -14.1% | -6.5% | ||
| Q2 24 | 11.2% | -8.5% | ||
| Q1 24 | 8.8% | -12.3% |
| Q4 25 | $0.34 | $-0.22 | ||
| Q3 25 | $-0.37 | $-0.20 | ||
| Q2 25 | $-0.08 | $-0.23 | ||
| Q1 25 | $-0.59 | $-0.29 | ||
| Q4 24 | $0.05 | $-0.26 | ||
| Q3 24 | $-0.31 | $-0.16 | ||
| Q2 24 | $1.07 | $-0.20 | ||
| Q1 24 | $1.57 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | — | $444.1M |
| Stockholders' EquityBook value | $-282.1M | $-1.9M |
| Total Assets | $1.5B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.3M | $49.9M | ||
| Q3 25 | $48.6M | $34.0M | ||
| Q2 25 | $144.6M | $44.0M | ||
| Q1 25 | $96.5M | $33.1M | ||
| Q4 24 | $107.8M | $26.2M | ||
| Q3 24 | $52.3M | $22.4M | ||
| Q2 24 | $89.1M | $24.3M | ||
| Q1 24 | $40.0M | $12.6M |
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-282.1M | $-1.9M | ||
| Q3 25 | $-294.2M | $11.4M | ||
| Q2 25 | $-281.4M | $18.2M | ||
| Q1 25 | $-283.4M | $71.4M | ||
| Q4 24 | $-273.1M | $97.5M | ||
| Q3 24 | $-277.5M | $110.3M | ||
| Q2 24 | $-266.3M | $81.5M | ||
| Q1 24 | $-294.0M | $91.7M |
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.4B | $983.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $36.7M |
| Free Cash FlowOCF − Capex | $31.6M | $27.8M |
| FCF MarginFCF / Revenue | 7.8% | 8.2% |
| Capex IntensityCapex / Revenue | 0.2% | 2.6% |
| Cash ConversionOCF / Net Profit | 3.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-480.0K | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.4M | $36.7M | ||
| Q3 25 | $-85.0M | $-26.6M | ||
| Q2 25 | $49.7M | $-7.0M | ||
| Q1 25 | $6.3M | $-22.1M | ||
| Q4 24 | $61.8M | $2.8M | ||
| Q3 24 | $-26.2M | $-332.0K | ||
| Q2 24 | $108.4M | $-23.7M | ||
| Q1 24 | $4.0M | $8.0M |
| Q4 25 | $31.6M | $27.8M | ||
| Q3 25 | $-85.3M | $-44.7M | ||
| Q2 25 | $49.4M | $-27.5M | ||
| Q1 25 | $3.9M | $-63.4M | ||
| Q4 24 | $61.2M | $-15.4M | ||
| Q3 24 | $-26.5M | $-36.7M | ||
| Q2 24 | $108.0M | $-59.9M | ||
| Q1 24 | $3.9M | $-60.9M |
| Q4 25 | 7.8% | 8.2% | ||
| Q3 25 | -216.3% | -12.6% | ||
| Q2 25 | 24.2% | -9.8% | ||
| Q1 25 | 0.9% | -29.7% | ||
| Q4 24 | 17.1% | -6.7% | ||
| Q3 24 | -49.7% | -16.6% | ||
| Q2 24 | 47.5% | -28.7% | ||
| Q1 24 | 0.9% | -31.7% |
| Q4 25 | 0.2% | 2.6% | ||
| Q3 25 | 0.9% | 5.1% | ||
| Q2 25 | 0.2% | 7.3% | ||
| Q1 25 | 0.6% | 19.3% | ||
| Q4 24 | 0.1% | 7.9% | ||
| Q3 24 | 0.7% | 16.5% | ||
| Q2 24 | 0.2% | 17.4% | ||
| Q1 24 | 0.0% | 35.8% |
| Q4 25 | 3.94× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 55.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.25× | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
