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Side-by-side financial comparison of Madison Square Garden Sports Corp. (MSGS) and WESBANCO INC (WSBC). 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 $257.2M, roughly 1.6× WESBANCO INC). WESBANCO INC runs the higher net margin — 34.5% vs 2.0%, a 32.4% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% CAGR vs -3.1%).
Madison Square Garden Sports Corp. is an American sports holding company based in New York City.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
MSGS vs WSBC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $403.4M | $257.2M |
| Net Profit | $8.2M | $88.6M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | — |
| Net Margin | 2.0% | 34.5% |
| Revenue YoY | 12.8% | — |
| Net Profit YoY | 641.9% | 54.4% |
| EPS (diluted) | $0.34 | $0.88 |
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 | — | $257.2M | ||
| Q4 25 | $403.4M | $265.6M | ||
| Q3 25 | $39.5M | $261.6M | ||
| Q2 25 | $204.0M | $260.7M | ||
| Q1 25 | $424.2M | $193.2M | ||
| Q4 24 | $357.8M | $162.9M | ||
| Q3 24 | $53.3M | $150.8M | ||
| Q2 24 | $227.3M | $147.9M |
| Q1 26 | — | $88.6M | ||
| Q4 25 | $8.2M | $91.1M | ||
| Q3 25 | $-8.8M | $83.6M | ||
| Q2 25 | $-1.8M | $57.4M | ||
| Q1 25 | $-14.2M | $-9.0M | ||
| Q4 24 | $1.1M | $49.6M | ||
| Q3 24 | $-7.5M | $37.3M | ||
| Q2 24 | $25.5M | $28.9M |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 43.2% | ||
| Q3 25 | -69.5% | 39.5% | ||
| Q2 25 | -11.1% | 27.2% | ||
| Q1 25 | 7.6% | -5.0% | ||
| Q4 24 | 3.7% | 38.0% | ||
| Q3 24 | -15.5% | 29.7% | ||
| Q2 24 | 23.0% | 23.7% |
| Q1 26 | — | 34.5% | ||
| Q4 25 | 2.0% | 34.3% | ||
| Q3 25 | -22.3% | 31.9% | ||
| Q2 25 | -0.9% | 22.0% | ||
| Q1 25 | -3.4% | -4.7% | ||
| Q4 24 | 0.3% | 30.5% | ||
| Q3 24 | -14.1% | 24.7% | ||
| Q2 24 | 11.2% | 19.5% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.34 | $0.97 | ||
| Q3 25 | $-0.37 | $0.84 | ||
| Q2 25 | $-0.08 | $0.57 | ||
| Q1 25 | $-0.59 | $-0.15 | ||
| Q4 24 | $0.05 | $0.72 | ||
| Q3 24 | $-0.31 | $0.54 | ||
| Q2 24 | $1.07 | $0.44 |
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 | — | — |
| Stockholders' EquityBook value | $-282.1M | $4.1B |
| Total Assets | $1.5B | $27.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $81.3M | $956.1M | ||
| Q3 25 | $48.6M | $1.0B | ||
| Q2 25 | $144.6M | $1.2B | ||
| Q1 25 | $96.5M | $1.1B | ||
| Q4 24 | $107.8M | $568.1M | ||
| Q3 24 | $52.3M | $620.9M | ||
| Q2 24 | $89.1M | $486.8M |
| Q1 26 | — | $4.1B | ||
| Q4 25 | $-282.1M | $4.0B | ||
| Q3 25 | $-294.2M | $4.1B | ||
| Q2 25 | $-281.4M | $3.8B | ||
| Q1 25 | $-283.4M | $3.8B | ||
| Q4 24 | $-273.1M | $2.8B | ||
| Q3 24 | $-277.5M | $2.8B | ||
| Q2 24 | $-266.3M | $2.5B |
| Q1 26 | — | $27.5B | ||
| Q4 25 | $1.5B | $27.7B | ||
| Q3 25 | $1.5B | $27.5B | ||
| Q2 25 | $1.5B | $27.6B | ||
| Q1 25 | $1.5B | $27.4B | ||
| Q4 24 | $1.4B | $18.7B | ||
| Q3 24 | $1.4B | $18.5B | ||
| Q2 24 | $1.3B | $18.1B |
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 | $290.4M | ||
| Q3 25 | $-85.0M | $116.9M | ||
| Q2 25 | $49.7M | $105.0M | ||
| Q1 25 | $6.3M | $-26.4M | ||
| Q4 24 | $61.8M | $211.0M | ||
| Q3 24 | $-26.2M | $60.7M | ||
| Q2 24 | $108.4M | $18.2M |
| Q1 26 | — | — | ||
| Q4 25 | $31.6M | $280.0M | ||
| Q3 25 | $-85.3M | $114.9M | ||
| Q2 25 | $49.4M | $98.3M | ||
| Q1 25 | $3.9M | $-30.7M | ||
| Q4 24 | $61.2M | $200.7M | ||
| Q3 24 | $-26.5M | $56.9M | ||
| Q2 24 | $108.0M | $17.3M |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 105.4% | ||
| Q3 25 | -216.3% | 43.9% | ||
| Q2 25 | 24.2% | 37.7% | ||
| Q1 25 | 0.9% | -15.9% | ||
| Q4 24 | 17.1% | 123.2% | ||
| Q3 24 | -49.7% | 37.7% | ||
| Q2 24 | 47.5% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.9% | ||
| Q3 25 | 0.9% | 0.8% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | 0.6% | 2.2% | ||
| Q4 24 | 0.1% | 6.3% | ||
| Q3 24 | 0.7% | 2.5% | ||
| Q2 24 | 0.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.94× | 3.19× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | — | ||
| Q4 24 | 55.61× | 4.25× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | 4.25× | 0.63× |
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% |
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
