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FIRST FINANCIAL BANCORP（FFBC）与Madison Square Garden Sports Corp.（MSGS）财务数据对比。点击上方公司名可切换其他公司
Madison Square Garden Sports Corp.的季度营收约是FIRST FINANCIAL BANCORP的1.5倍（$403.4M vs $271.5M），FIRST FINANCIAL BANCORP净利率更高（27.4% vs 2.0%，领先25.4%），过去两年FIRST FINANCIAL BANCORP的营收复合增速更高（12.4% vs -3.1%）
第一金融银行集团是总部位于美国俄亥俄州辛辛那提的区域性银行，运营中心设于辛辛那提北郊斯普林代尔及印第安纳州格林斯堡。该行成立于1863年，拥有美国第六悠久的国家银行牌照，在俄亥俄、印第安纳、肯塔基、伊利诺伊四州共设有131个营业网点，2009年9月曾在政府协助下收购欧文金融公司及其子公司。
麦迪逊广场花园体育公司是总部位于美国纽约市的专业体育控股企业，深耕职业体育俱乐部运营、体育IP开发管理等核心业务，在北美体育产业领域拥有深厚的行业积累与较高的市场知名度。
FFBC vs MSGS — 直观对比
营收规模更大
MSGS
是对方的1.5倍
$271.5M
净利率更高
FFBC
高出25.4%
2.0%
两年增速更快
FFBC
近两年复合增速
-3.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.5M | $403.4M |
| 净利润 | $74.4M | $8.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 5.5% |
| 净利率 | 27.4% | 2.0% |
| 营收同比 | — | 12.8% |
| 净利润同比 | — | 641.9% |
| 每股收益（稀释后） | $0.71 | $0.34 |
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FFBCMSGS
| Q1 26 | $271.5M | — | ||
| Q4 25 | $238.8M | $403.4M | ||
| Q3 25 | $234.0M | $39.5M | ||
| Q2 25 | $226.3M | $204.0M | ||
| Q1 25 | $200.4M | $424.2M | ||
| Q4 24 | $224.3M | $357.8M | ||
| Q3 24 | $201.3M | $53.3M | ||
| Q2 24 | $214.8M | $227.3M |
净利润FFBCMSGS
| Q1 26 | $74.4M | — | ||
| Q4 25 | — | $8.2M | ||
| Q3 25 | $71.9M | $-8.8M | ||
| Q2 25 | $70.0M | $-1.8M | ||
| Q1 25 | $51.3M | $-14.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $52.5M | $-7.5M | ||
| Q2 24 | $60.8M | $25.5M |
营业利润率FFBCMSGS
| Q1 26 | — | — | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | 38.7% | -69.5% | ||
| Q2 25 | 38.8% | -11.1% | ||
| Q1 25 | 31.7% | 7.6% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 32.2% | -15.5% | ||
| Q2 24 | 34.8% | 23.0% |
净利率FFBCMSGS
| Q1 26 | 27.4% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | 30.7% | -22.3% | ||
| Q2 25 | 30.9% | -0.9% | ||
| Q1 25 | 25.6% | -3.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 26.1% | -14.1% | ||
| Q2 24 | 28.3% | 11.2% |
每股收益（稀释后）FFBCMSGS
| Q1 26 | $0.71 | — | ||
| Q4 25 | $0.64 | $0.34 | ||
| Q3 25 | $0.75 | $-0.37 | ||
| Q2 25 | $0.73 | $-0.08 | ||
| Q1 25 | $0.54 | $-0.59 | ||
| Q4 24 | $0.68 | $0.05 | ||
| Q3 24 | $0.55 | $-0.31 | ||
| Q2 24 | $0.64 | $1.07 |
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 | — | $81.3M |
| 总债务越低越好 | $13.1M | — |
| 股东权益账面价值 | $2.9B | $-282.1M |
| 总资产 | $22.5B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资FFBCMSGS
| Q1 26 | — | — | ||
| 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 |
总债务FFBCMSGS
| Q1 26 | $13.1M | — | ||
| Q4 25 | $514.1M | — | ||
| Q3 25 | $221.8M | — | ||
| Q2 25 | $345.0M | — | ||
| Q1 25 | $345.9M | — | ||
| Q4 24 | $347.5M | — | ||
| Q3 24 | $344.1M | — | ||
| Q2 24 | $338.6M | — |
股东权益FFBCMSGS
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.8B | $-282.1M | ||
| Q3 25 | $2.6B | $-294.2M | ||
| Q2 25 | $2.6B | $-281.4M | ||
| Q1 25 | $2.5B | $-283.4M | ||
| Q4 24 | $2.4B | $-273.1M | ||
| Q3 24 | $2.5B | $-277.5M | ||
| Q2 24 | $2.3B | $-266.3M |
总资产FFBCMSGS
| Q1 26 | $22.5B | — | ||
| Q4 25 | $21.1B | $1.5B | ||
| Q3 25 | $18.6B | $1.5B | ||
| Q2 25 | $18.6B | $1.5B | ||
| Q1 25 | $18.5B | $1.5B | ||
| Q4 24 | $18.6B | $1.4B | ||
| Q3 24 | $18.1B | $1.4B | ||
| Q2 24 | $18.2B | $1.3B |
负债/权益比FFBCMSGS
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — |
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 | — | $32.4M |
| 自由现金流经营现金流 - 资本支出 | — | $31.6M |
| 自由现金流率自由现金流/营收 | — | 7.8% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | — | 3.94× |
| 过去12个月自由现金流最近4个季度 | — | $-480.0K |
8季度趋势，按日历期对齐
经营现金流FFBCMSGS
| Q1 26 | — | — | ||
| Q4 25 | $337.9M | $32.4M | ||
| Q3 25 | $89.8M | $-85.0M | ||
| Q2 25 | $69.8M | $49.7M | ||
| Q1 25 | $56.1M | $6.3M | ||
| Q4 24 | $262.2M | $61.8M | ||
| Q3 24 | $88.1M | $-26.2M | ||
| Q2 24 | $68.1M | $108.4M |
自由现金流FFBCMSGS
| Q1 26 | — | — | ||
| Q4 25 | $317.1M | $31.6M | ||
| Q3 25 | $85.8M | $-85.3M | ||
| Q2 25 | $64.8M | $49.4M | ||
| Q1 25 | $52.4M | $3.9M | ||
| Q4 24 | $241.1M | $61.2M | ||
| Q3 24 | $84.4M | $-26.5M | ||
| Q2 24 | $64.8M | $108.0M |
自由现金流率FFBCMSGS
| Q1 26 | — | — | ||
| Q4 25 | 132.8% | 7.8% | ||
| Q3 25 | 36.7% | -216.3% | ||
| Q2 25 | 28.6% | 24.2% | ||
| Q1 25 | 26.1% | 0.9% | ||
| Q4 24 | 107.5% | 17.1% | ||
| Q3 24 | 42.0% | -49.7% | ||
| Q2 24 | 30.2% | 47.5% |
资本支出强度FFBCMSGS
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | 0.2% | ||
| Q3 25 | 1.7% | 0.9% | ||
| Q2 25 | 2.2% | 0.2% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 9.4% | 0.1% | ||
| Q3 24 | 1.8% | 0.7% | ||
| Q2 24 | 1.5% | 0.2% |
现金转化率FFBCMSGS
| Q1 26 | — | — | ||
| Q4 25 | — | 3.94× | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.09× | — | ||
| Q4 24 | — | 55.61× | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.12× | 4.25× |
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
FFBC
| Net Interest Income | $189.6M | 70% |
| Noninterest Income | $81.9M | 30% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
