vs
Madison Square Garden Entertainment Corp.（MSGE）与诺信（NDSN）财务数据对比。点击上方公司名可切换其他公司
诺信的季度营收约是Madison Square Garden Entertainment Corp.的1.8倍（$751.8M vs $424.8M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs 20.2%，领先1.7%），Madison Square Garden Entertainment Corp.同比增速更快（12.5% vs 1.0%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% vs 9.0%）
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。
诺信（Nordson Corporation）是总部位于美国的跨国企业，专业设计生产民用及工业场景使用的胶粘剂、密封剂、涂料喷涂设备，同时生产电子元器件检测设备、固化及表面处理技术系统，还布局了医疗设备与组件技术相关业务。
MSGE vs NDSN — 直观对比
营收规模更大
NDSN
是对方的1.8倍
$424.8M
营收增速更快
MSGE
高出11.5%
1.0%
净利率更高
MSGE
高出1.7%
20.2%
两年增速更快
MSGE
近两年复合增速
9.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $424.8M | $751.8M |
| 净利润 | $92.7M | $151.6M |
| 毛利率 | — | 56.3% |
| 营业利润率 | 38.6% | 28.5% |
| 净利率 | 21.8% | 20.2% |
| 营收同比 | 12.5% | 1.0% |
| 净利润同比 | 22.2% | 24.1% |
| 每股收益（稀释后） | $1.94 | $2.67 |
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MSGENDSN
| Q4 25 | $424.8M | $751.8M | ||
| Q3 25 | $154.1M | $741.5M | ||
| Q2 25 | $145.1M | $682.9M | ||
| Q1 25 | $206.0M | $615.4M | ||
| Q4 24 | $377.6M | $744.5M | ||
| Q3 24 | $134.1M | $661.6M | ||
| Q2 24 | $177.6M | $650.6M | ||
| Q1 24 | $191.6M | $633.2M |
净利润MSGENDSN
| Q4 25 | $92.7M | $151.6M | ||
| Q3 25 | $-21.7M | $125.8M | ||
| Q2 25 | $-27.2M | $112.4M | ||
| Q1 25 | $8.0M | $94.7M | ||
| Q4 24 | $75.9M | $122.2M | ||
| Q3 24 | $-19.3M | $117.3M | ||
| Q2 24 | $66.9M | $118.2M | ||
| Q1 24 | $2.8M | $109.6M |
毛利率MSGENDSN
| Q4 25 | — | 56.3% | ||
| Q3 25 | — | 54.8% | ||
| Q2 25 | — | 54.7% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 54.1% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 56.2% | ||
| Q1 24 | — | 55.0% |
营业利润率MSGENDSN
| Q4 25 | 38.6% | 28.5% | ||
| Q3 25 | -19.3% | 25.3% | ||
| Q2 25 | -17.7% | 24.7% | ||
| Q1 25 | 13.3% | 22.9% | ||
| Q4 24 | 36.8% | 24.0% | ||
| Q3 24 | -13.8% | 25.3% | ||
| Q2 24 | -5.0% | 25.9% | ||
| Q1 24 | 8.8% | 25.2% |
净利率MSGENDSN
| Q4 25 | 21.8% | 20.2% | ||
| Q3 25 | -14.0% | 17.0% | ||
| Q2 25 | -18.7% | 16.5% | ||
| Q1 25 | 3.9% | 15.4% | ||
| Q4 24 | 20.1% | 16.4% | ||
| Q3 24 | -14.4% | 17.7% | ||
| Q2 24 | 37.7% | 18.2% | ||
| Q1 24 | 1.5% | 17.3% |
每股收益（稀释后）MSGENDSN
| Q4 25 | $1.94 | $2.67 | ||
| Q3 25 | $-0.46 | $2.22 | ||
| Q2 25 | $-0.56 | $1.97 | ||
| Q1 25 | $0.17 | $1.65 | ||
| Q4 24 | $1.56 | $2.12 | ||
| Q3 24 | $-0.40 | $2.04 | ||
| Q2 24 | $1.32 | $2.05 | ||
| Q1 24 | $0.06 | $1.90 |
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 | $108.4M |
| 总债务越低越好 | $554.6M | $2.0B |
| 股东权益账面价值 | $36.0M | $3.0B |
| 总资产 | $1.8B | $5.9B |
| 负债/权益比越低杠杆越低 | 15.40× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资MSGENDSN
| Q4 25 | $157.1M | $108.4M | ||
| Q3 25 | $29.9M | $147.8M | ||
| Q2 25 | $43.0M | $130.2M | ||
| Q1 25 | $89.0M | $130.4M | ||
| Q4 24 | $54.9M | $116.0M | ||
| Q3 24 | $37.3M | $165.3M | ||
| Q2 24 | $33.3M | $125.4M | ||
| Q1 24 | $28.0M | $136.2M |
总债务MSGENDSN
| Q4 25 | $554.6M | $2.0B | ||
| Q3 25 | $581.7M | $2.1B | ||
| Q2 25 | $568.8M | $2.2B | ||
| Q1 25 | $577.4M | $2.2B | ||
| Q4 24 | $584.7M | $2.2B | ||
| Q3 24 | $647.0M | $1.5B | ||
| Q2 24 | $599.2M | $1.5B | ||
| Q1 24 | $602.5M | $1.6B |
股东权益MSGENDSN
| Q4 25 | $36.0M | $3.0B | ||
| Q3 25 | $-65.8M | $3.0B | ||
| Q2 25 | $-13.3M | $3.0B | ||
| Q1 25 | $9.5M | $2.9B | ||
| Q4 24 | $10.3M | $2.9B | ||
| Q3 24 | $-48.7M | $2.9B | ||
| Q2 24 | $-23.2M | $2.8B | ||
| Q1 24 | $-94.6M | $2.7B |
总资产MSGENDSN
| Q4 25 | $1.8B | $5.9B | ||
| Q3 25 | $1.7B | $6.0B | ||
| Q2 25 | $1.7B | $6.1B | ||
| Q1 25 | $1.7B | $5.9B | ||
| Q4 24 | $1.6B | $6.0B | ||
| Q3 24 | $1.6B | $5.2B | ||
| Q2 24 | $1.6B | $5.2B | ||
| Q1 24 | $1.5B | $5.2B |
负债/权益比MSGENDSN
| Q4 25 | 15.40× | 0.66× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | 60.61× | 0.75× | ||
| Q4 24 | 56.61× | 0.75× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.60× |
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 | $202.9M |
| 自由现金流经营现金流 - 资本支出 | — | $193.9M |
| 自由现金流率自由现金流/营收 | — | 25.8% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 1.77× | 1.34× |
| 过去12个月自由现金流最近4个季度 | — | $661.1M |
8季度趋势，按日历期对齐
经营现金流MSGENDSN
| Q4 25 | $164.4M | $202.9M | ||
| Q3 25 | $19.8M | $238.0M | ||
| Q2 25 | $-27.0M | $119.2M | ||
| Q1 25 | $56.8M | $159.1M | ||
| Q4 24 | $112.9M | $96.4M | ||
| Q3 24 | $-27.4M | $164.8M | ||
| Q2 24 | $212.0K | $122.6M | ||
| Q1 24 | $5.8M | $172.4M |
自由现金流MSGENDSN
| Q4 25 | — | $193.9M | ||
| Q3 25 | — | $226.4M | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | — | $137.7M | ||
| Q4 24 | — | $75.8M | ||
| Q3 24 | — | $143.0M | ||
| Q2 24 | — | $108.2M | ||
| Q1 24 | — | $164.8M |
自由现金流率MSGENDSN
| Q4 25 | — | 25.8% | ||
| Q3 25 | — | 30.5% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 26.0% |
资本支出强度MSGENDSN
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 1.2% |
现金转化率MSGENDSN
| Q4 25 | 1.77× | 1.34× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.06× | ||
| Q1 25 | 7.07× | 1.68× | ||
| Q4 24 | 1.49× | 0.79× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 0.00× | 1.04× | ||
| Q1 24 | 2.08× | 1.57× |
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
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% |
NDSN
| Advanced Technology Systems | $624.5M | 83% |
| Other | $127.3M | 17% |
