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ASSOCIATED BANC-CORP（ASB）与Madison Square Garden Entertainment Corp.（MSGE）财务数据对比。点击上方公司名可切换其他公司
Madison Square Garden Entertainment Corp.的季度营收约是ASSOCIATED BANC-CORP的1.1倍（$424.8M vs $383.0M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 21.8%，领先9.4%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% vs 9.1%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
麦迪逊广场花园娱乐公司是总部位于美国纽约的体育控股企业，依托麦迪逊广场花园的核心资源，在体育赛事运营、体育IP管理及相关商业化领域拥有深厚行业积累与广泛影响力。
ASB vs MSGE — 直观对比
营收规模更大
MSGE
是对方的1.1倍
$383.0M
净利率更高
ASB
高出9.4%
21.8%
两年增速更快
MSGE
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $424.8M |
| 净利润 | $119.6M | $92.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 38.6% |
| 净利率 | 31.2% | 21.8% |
| 营收同比 | — | 12.5% |
| 净利润同比 | 566.6% | 22.2% |
| 每股收益（稀释后） | $0.70 | $1.94 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ASBMSGE
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $424.8M | ||
| Q3 25 | $305.2M | $154.1M | ||
| Q2 25 | $300.0M | $145.1M | ||
| Q1 25 | $285.9M | $206.0M | ||
| Q4 24 | $270.3M | $377.6M | ||
| Q3 24 | $329.7M | $134.1M | ||
| Q2 24 | $321.8M | $177.6M |
净利润ASBMSGE
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $92.7M | ||
| Q3 25 | $124.7M | $-21.7M | ||
| Q2 25 | $111.2M | $-27.2M | ||
| Q1 25 | $101.7M | $8.0M | ||
| Q4 24 | $-161.6M | $75.9M | ||
| Q3 24 | $88.0M | $-19.3M | ||
| Q2 24 | $115.6M | $66.9M |
营业利润率ASBMSGE
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 38.6% | ||
| Q3 25 | 50.5% | -19.3% | ||
| Q2 25 | 46.5% | -17.7% | ||
| Q1 25 | 42.3% | 13.3% | ||
| Q4 24 | -65.8% | 36.8% | ||
| Q3 24 | 32.8% | -13.8% | ||
| Q2 24 | 32.0% | -5.0% |
净利率ASBMSGE
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | 21.8% | ||
| Q3 25 | 40.9% | -14.0% | ||
| Q2 25 | 37.1% | -18.7% | ||
| Q1 25 | 35.6% | 3.9% | ||
| Q4 24 | -59.8% | 20.1% | ||
| Q3 24 | 26.7% | -14.4% | ||
| Q2 24 | 35.9% | 37.7% |
每股收益（稀释后）ASBMSGE
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $1.94 | ||
| Q3 25 | $0.73 | $-0.46 | ||
| Q2 25 | $0.65 | $-0.56 | ||
| Q1 25 | $0.59 | $0.17 | ||
| Q4 24 | $-1.10 | $1.56 | ||
| Q3 24 | $0.56 | $-0.40 | ||
| Q2 24 | $0.74 | $1.32 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $157.1M |
| 总债务越低越好 | — | $554.6M |
| 股东权益账面价值 | $5.0B | $36.0M |
| 总资产 | $45.6B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 15.40× |
8季度趋势，按日历期对齐
现金及短期投资ASBMSGE
| Q1 26 | — | — | ||
| Q4 25 | — | $157.1M | ||
| Q3 25 | — | $29.9M | ||
| Q2 25 | — | $43.0M | ||
| Q1 25 | — | $89.0M | ||
| Q4 24 | — | $54.9M | ||
| Q3 24 | — | $37.3M | ||
| Q2 24 | — | $33.3M |
总债务ASBMSGE
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $554.6M | ||
| Q3 25 | $594.1M | $581.7M | ||
| Q2 25 | $593.5M | $568.8M | ||
| Q1 25 | $591.4M | $577.4M | ||
| Q4 24 | $1.4B | $584.7M | ||
| Q3 24 | $844.3M | $647.0M | ||
| Q2 24 | $536.1M | $599.2M |
股东权益ASBMSGE
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $36.0M | ||
| Q3 25 | $4.9B | $-65.8M | ||
| Q2 25 | $4.8B | $-13.3M | ||
| Q1 25 | $4.7B | $9.5M | ||
| Q4 24 | $4.6B | $10.3M | ||
| Q3 24 | $4.4B | $-48.7M | ||
| Q2 24 | $4.2B | $-23.2M |
总资产ASBMSGE
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $1.8B | ||
| Q3 25 | $44.5B | $1.7B | ||
| Q2 25 | $44.0B | $1.7B | ||
| Q1 25 | $43.3B | $1.7B | ||
| Q4 24 | $43.0B | $1.6B | ||
| Q3 24 | $42.2B | $1.6B | ||
| Q2 24 | $41.6B | $1.6B |
负债/权益比ASBMSGE
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 15.40× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.13× | 60.61× | ||
| Q4 24 | 0.31× | 56.61× | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.13× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $164.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ASBMSGE
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $164.4M | ||
| Q3 25 | $158.0M | $19.8M | ||
| Q2 25 | $141.5M | $-27.0M | ||
| Q1 25 | $98.2M | $56.8M | ||
| Q4 24 | $207.1M | $112.9M | ||
| Q3 24 | $105.1M | $-27.4M | ||
| Q2 24 | $113.5M | $212.0K |
现金转化率ASBMSGE
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | 1.77× | ||
| Q3 25 | 1.27× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 0.97× | 7.07× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 0.98× | 0.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
