vs
Fair Isaac（FICO）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
Fair Isaac的季度营收约是Madison Square Garden Sports Corp.的1.3倍（$512.0M vs $403.4M），Fair Isaac净利率更高（30.9% vs 2.0%，领先28.9%），Fair Isaac同比增速更快（16.4% vs 12.8%），Fair Isaac自由现金流更多（$173.9M vs $31.6M），过去两年Fair Isaac的营收复合增速更高（8.6% vs -3.1%）
FICO（原Fair, Isaac and Company）是美国知名数据分析企业，1956年由比尔·费尔与厄尔·艾萨克创立，总部位于蒙大拿州博兹曼市，核心业务为信用评分服务，其推出的FICO信用分是评估消费者信贷风险的重要指标，目前已被美国消费信贷行业广泛采用。
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。
FICO vs MSGS — 直观对比
营收规模更大
FICO
是对方的1.3倍
$403.4M
营收增速更快
FICO
高出3.6%
12.8%
净利率更高
FICO
高出28.9%
2.0%
自由现金流更多
FICO
多$142.3M
$31.6M
两年增速更快
FICO
近两年复合增速
-3.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $512.0M | $403.4M |
| 净利润 | $158.4M | $8.2M |
| 毛利率 | 83.0% | — |
| 营业利润率 | 45.7% | 5.5% |
| 净利率 | 30.9% | 2.0% |
| 营收同比 | 16.4% | 12.8% |
| 净利润同比 | 3.8% | 641.9% |
| 每股收益（稀释后） | $6.61 | $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FICOMSGS
| Q4 25 | $512.0M | $403.4M | ||
| Q3 25 | $515.8M | $39.5M | ||
| Q2 25 | $536.4M | $204.0M | ||
| Q1 25 | $498.7M | $424.2M | ||
| Q4 24 | $440.0M | $357.8M | ||
| Q3 24 | $453.8M | $53.3M | ||
| Q2 24 | $447.8M | $227.3M | ||
| Q1 24 | $433.8M | $430.0M |
净利润FICOMSGS
| Q4 25 | $158.4M | $8.2M | ||
| Q3 25 | $155.0M | $-8.8M | ||
| Q2 25 | $181.8M | $-1.8M | ||
| Q1 25 | $162.6M | $-14.2M | ||
| Q4 24 | $152.5M | $1.1M | ||
| Q3 24 | $135.7M | $-7.5M | ||
| Q2 24 | $126.3M | $25.5M | ||
| Q1 24 | $129.8M | $37.9M |
毛利率FICOMSGS
| Q4 25 | 83.0% | — | ||
| Q3 25 | 82.3% | — | ||
| Q2 25 | 83.7% | — | ||
| Q1 25 | 82.4% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | 80.3% | — | ||
| Q2 24 | 80.3% | — | ||
| Q1 24 | 80.0% | — |
营业利润率FICOMSGS
| Q4 25 | 45.7% | 5.5% | ||
| Q3 25 | 46.0% | -69.5% | ||
| Q2 25 | 48.9% | -11.1% | ||
| Q1 25 | 49.3% | 7.6% | ||
| Q4 24 | 40.8% | 3.7% | ||
| Q3 24 | 43.4% | -15.5% | ||
| Q2 24 | 42.5% | 23.0% | ||
| Q1 24 | 44.9% | 18.5% |
净利率FICOMSGS
| Q4 25 | 30.9% | 2.0% | ||
| Q3 25 | 30.1% | -22.3% | ||
| Q2 25 | 33.9% | -0.9% | ||
| Q1 25 | 32.6% | -3.4% | ||
| Q4 24 | 34.7% | 0.3% | ||
| Q3 24 | 29.9% | -14.1% | ||
| Q2 24 | 28.2% | 11.2% | ||
| Q1 24 | 29.9% | 8.8% |
每股收益（稀释后）FICOMSGS
| Q4 25 | $6.61 | $0.34 | ||
| Q3 25 | $6.41 | $-0.37 | ||
| Q2 25 | $7.40 | $-0.08 | ||
| Q1 25 | $6.59 | $-0.59 | ||
| Q4 24 | $6.14 | $0.05 | ||
| Q3 24 | $5.44 | $-0.31 | ||
| Q2 24 | $5.05 | $1.07 | ||
| Q1 24 | $5.16 | $1.57 |
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 | $162.0M | $81.3M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $-1.8B | $-282.1M |
| 总资产 | $1.9B | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FICOMSGS
| Q4 25 | $162.0M | $81.3M | ||
| Q3 25 | $134.1M | $48.6M | ||
| Q2 25 | $189.0M | $144.6M | ||
| Q1 25 | $146.6M | $96.5M | ||
| Q4 24 | $184.3M | $107.8M | ||
| Q3 24 | $150.7M | $52.3M | ||
| Q2 24 | $156.0M | $89.1M | ||
| Q1 24 | $135.7M | $40.0M |
总债务FICOMSGS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.0B | — |
股东权益FICOMSGS
| Q4 25 | $-1.8B | $-282.1M | ||
| Q3 25 | $-1.7B | $-294.2M | ||
| Q2 25 | $-1.4B | $-281.4M | ||
| Q1 25 | $-1.1B | $-283.4M | ||
| Q4 24 | $-1.1B | $-273.1M | ||
| Q3 24 | $-962.7M | $-277.5M | ||
| Q2 24 | $-829.3M | $-266.3M | ||
| Q1 24 | $-735.7M | $-294.0M |
总资产FICOMSGS
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.7B | $1.4B |
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 | $174.1M | $32.4M |
| 自由现金流经营现金流 - 资本支出 | $173.9M | $31.6M |
| 自由现金流率自由现金流/营收 | 34.0% | 7.8% |
| 资本支出强度资本支出/营收 | 0.0% | 0.2% |
| 现金转化率经营现金流/净利润 | 1.10× | 3.94× |
| 过去12个月自由现金流最近4个季度 | $750.6M | $-480.0K |
8季度趋势，按日历期对齐
经营现金流FICOMSGS
| Q4 25 | $174.1M | $32.4M | ||
| Q3 25 | $223.7M | $-85.0M | ||
| Q2 25 | $286.2M | $49.7M | ||
| Q1 25 | $74.9M | $6.3M | ||
| Q4 24 | $194.0M | $61.8M | ||
| Q3 24 | $226.5M | $-26.2M | ||
| Q2 24 | $213.3M | $108.4M | ||
| Q1 24 | $71.0M | $4.0M |
自由现金流FICOMSGS
| Q4 25 | $173.9M | $31.6M | ||
| Q3 25 | $219.5M | $-85.3M | ||
| Q2 25 | $284.4M | $49.4M | ||
| Q1 25 | $72.8M | $3.9M | ||
| Q4 24 | $193.2M | $61.2M | ||
| Q3 24 | $224.7M | $-26.5M | ||
| Q2 24 | $211.6M | $108.0M | ||
| Q1 24 | $67.0M | $3.9M |
自由现金流率FICOMSGS
| Q4 25 | 34.0% | 7.8% | ||
| Q3 25 | 42.6% | -216.3% | ||
| Q2 25 | 53.0% | 24.2% | ||
| Q1 25 | 14.6% | 0.9% | ||
| Q4 24 | 43.9% | 17.1% | ||
| Q3 24 | 49.5% | -49.7% | ||
| Q2 24 | 47.2% | 47.5% | ||
| Q1 24 | 15.4% | 0.9% |
资本支出强度FICOMSGS
| Q4 25 | 0.0% | 0.2% | ||
| Q3 25 | 0.8% | 0.9% | ||
| Q2 25 | 0.3% | 0.2% | ||
| Q1 25 | 0.4% | 0.6% | ||
| Q4 24 | 0.2% | 0.1% | ||
| Q3 24 | 0.4% | 0.7% | ||
| Q2 24 | 0.4% | 0.2% | ||
| Q1 24 | 0.9% | 0.0% |
现金转化率FICOMSGS
| Q4 25 | 1.10× | 3.94× | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.27× | 55.61× | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 1.69× | 4.25× | ||
| Q1 24 | 0.55× | 0.11× |
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
FICO
| Business To Business Scores | $248.6M | 49% |
| Saa S Products | $115.7M | 23% |
| Platform Software | $73.9M | 14% |
| Business To Consumer Scores | $55.9M | 11% |
| Technology Service | $19.2M | 4% |
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
