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Madison Square Garden Entertainment Corp.（MSGE）与Perion Network Ltd.（PERI）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Perion Network Ltd.的1.2倍（$424.8M vs $368.7M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs 2.1%，领先19.7%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% vs 16.4%）
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。
佩里昂网络是一家上市广告科技企业，为广告主、代理商、零售商与媒体出版商提供数字广告技术解决方案。其核心服务通过一体化全渠道广告平台Perion One交付，支持互联电视、数字户外、展示广告、视频广告、零售媒体等多渠道多领域的营销活动策划、投放、优化与效果监测。
MSGE vs PERI — 直观对比
营收规模更大
MSGE
是对方的1.2倍
$368.7M
净利率更高
MSGE
高出19.7%
2.1%
两年增速更快
MSGE
近两年复合增速
16.4%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $424.8M | $368.7M |
| 净利润 | $92.7M | $7.7M |
| 毛利率 | — | — |
| 营业利润率 | 38.6% | 2.0% |
| 净利率 | 21.8% | 2.1% |
| 营收同比 | 12.5% | — |
| 净利润同比 | 22.2% | — |
| 每股收益（稀释后） | $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MSGEPERI
| Q4 25 | $424.8M | — | ||
| Q3 25 | $154.1M | $368.7M | ||
| Q2 25 | $145.1M | $266.5M | ||
| Q1 25 | $206.0M | $157.8M | ||
| Q4 24 | $377.6M | — | ||
| Q3 24 | $134.1M | $508.9M | ||
| Q2 24 | $177.6M | $323.6M | ||
| Q1 24 | $191.6M | $145.2M |
净利润MSGEPERI
| Q4 25 | $92.7M | — | ||
| Q3 25 | $-21.7M | $7.7M | ||
| Q2 25 | $-27.2M | $5.6M | ||
| Q1 25 | $8.0M | $11.8M | ||
| Q4 24 | $75.9M | — | ||
| Q3 24 | $-19.3M | $78.0M | ||
| Q2 24 | $66.9M | $45.2M | ||
| Q1 24 | $2.8M | $23.8M |
营业利润率MSGEPERI
| Q4 25 | 38.6% | — | ||
| Q3 25 | -19.3% | 2.0% | ||
| Q2 25 | -17.7% | -1.7% | ||
| Q1 25 | 13.3% | 5.4% | ||
| Q4 24 | 36.8% | — | ||
| Q3 24 | -13.8% | 15.1% | ||
| Q2 24 | -5.0% | 13.7% | ||
| Q1 24 | 8.8% | 16.9% |
净利率MSGEPERI
| Q4 25 | 21.8% | — | ||
| Q3 25 | -14.0% | 2.1% | ||
| Q2 25 | -18.7% | 2.1% | ||
| Q1 25 | 3.9% | 7.5% | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | -14.4% | 15.3% | ||
| Q2 24 | 37.7% | 14.0% | ||
| Q1 24 | 1.5% | 16.4% |
每股收益（稀释后）MSGEPERI
| Q4 25 | $1.94 | — | ||
| Q3 25 | $-0.46 | — | ||
| Q2 25 | $-0.56 | — | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $1.56 | — | ||
| Q3 24 | $-0.40 | — | ||
| Q2 24 | $1.32 | — | ||
| Q1 24 | $0.06 | — |
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 | $156.2M |
| 总债务越低越好 | $554.6M | — |
| 股东权益账面价值 | $36.0M | $722.9M |
| 总资产 | $1.8B | $915.5M |
| 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MSGEPERI
| Q4 25 | $157.1M | — | ||
| Q3 25 | $29.9M | $156.2M | ||
| Q2 25 | $43.0M | $156.2M | ||
| Q1 25 | $89.0M | $156.2M | ||
| Q4 24 | $54.9M | — | ||
| Q3 24 | $37.3M | $187.6M | ||
| Q2 24 | $33.3M | $187.6M | ||
| Q1 24 | $28.0M | $187.6M |
总债务MSGEPERI
| Q4 25 | $554.6M | — | ||
| Q3 25 | $581.7M | — | ||
| Q2 25 | $568.8M | — | ||
| Q1 25 | $577.4M | — | ||
| Q4 24 | $584.7M | — | ||
| Q3 24 | $647.0M | — | ||
| Q2 24 | $599.2M | — | ||
| Q1 24 | $602.5M | — |
股东权益MSGEPERI
| Q4 25 | $36.0M | — | ||
| Q3 25 | $-65.8M | $722.9M | ||
| Q2 25 | $-13.3M | $722.9M | ||
| Q1 25 | $9.5M | $722.9M | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $-48.7M | $718.1M | ||
| Q2 24 | $-23.2M | $718.1M | ||
| Q1 24 | $-94.6M | $718.1M |
总资产MSGEPERI
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $915.5M | ||
| Q2 25 | $1.7B | $915.5M | ||
| Q1 25 | $1.7B | $915.5M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
负债/权益比MSGEPERI
| Q4 25 | 15.40× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.61× | — | ||
| Q4 24 | 56.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-2.9M |
| 自由现金流率自由现金流/营收 | — | -0.8% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 1.77× | 0.34× |
| 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MSGEPERI
| Q4 25 | $164.4M | — | ||
| Q3 25 | $19.8M | $2.6M | ||
| Q2 25 | $-27.0M | — | ||
| Q1 25 | $56.8M | — | ||
| Q4 24 | $112.9M | — | ||
| Q3 24 | $-27.4M | $105.2M | ||
| Q2 24 | $212.0K | — | ||
| Q1 24 | $5.8M | $17.8M |
自由现金流MSGEPERI
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $17.6M |
自由现金流率MSGEPERI
| Q4 25 | — | — | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.2% |
资本支出强度MSGEPERI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.1% |
现金转化率MSGEPERI
| Q4 25 | 1.77× | — | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 2.08× | 0.75× |
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% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
