vs
Madison Square Garden Entertainment Corp.（MSGE）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是Madison Square Garden Entertainment Corp.的1.1倍（$461.6M vs $424.8M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs 14.6%，领先7.2%），RBC Bearings INC同比增速更快（17.0% vs 12.5%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
MSGE vs RBC — 直观对比
营收规模更大
RBC
是对方的1.1倍
$424.8M
营收增速更快
RBC
高出4.5%
12.5%
净利率更高
MSGE
高出7.2%
14.6%
两年增速更快
MSGE
近两年复合增速
5.6%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $424.8M | $461.6M |
| 净利润 | $92.7M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 38.6% | 22.3% |
| 净利率 | 21.8% | 14.6% |
| 营收同比 | 12.5% | 17.0% |
| 净利润同比 | 22.2% | 16.4% |
| 每股收益（稀释后） | $1.94 | $2.13 |
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MSGERBC
| Q4 25 | $424.8M | $461.6M | ||
| Q3 25 | $154.1M | $455.3M | ||
| Q2 25 | $145.1M | $436.0M | ||
| Q1 25 | $206.0M | $437.7M | ||
| Q4 24 | $377.6M | $394.4M | ||
| Q3 24 | $134.1M | $397.9M | ||
| Q2 24 | $177.6M | $406.3M | ||
| Q1 24 | $191.6M | $413.7M |
净利润MSGERBC
| Q4 25 | $92.7M | $67.4M | ||
| Q3 25 | $-21.7M | $60.0M | ||
| Q2 25 | $-27.2M | $68.5M | ||
| Q1 25 | $8.0M | $72.7M | ||
| Q4 24 | $75.9M | $57.9M | ||
| Q3 24 | $-19.3M | $54.2M | ||
| Q2 24 | $66.9M | $61.4M | ||
| Q1 24 | $2.8M | — |
毛利率MSGERBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率MSGERBC
| Q4 25 | 38.6% | 22.3% | ||
| Q3 25 | -19.3% | 21.5% | ||
| Q2 25 | -17.7% | 23.2% | ||
| Q1 25 | 13.3% | 23.0% | ||
| Q4 24 | 36.8% | 21.7% | ||
| Q3 24 | -13.8% | 21.6% | ||
| Q2 24 | -5.0% | 24.0% | ||
| Q1 24 | 8.8% | 22.8% |
净利率MSGERBC
| Q4 25 | 21.8% | 14.6% | ||
| Q3 25 | -14.0% | 13.2% | ||
| Q2 25 | -18.7% | 15.7% | ||
| Q1 25 | 3.9% | 16.6% | ||
| Q4 24 | 20.1% | 14.7% | ||
| Q3 24 | -14.4% | 13.6% | ||
| Q2 24 | 37.7% | 15.1% | ||
| Q1 24 | 1.5% | — |
每股收益（稀释后）MSGERBC
| Q4 25 | $1.94 | $2.13 | ||
| Q3 25 | $-0.46 | $1.90 | ||
| Q2 25 | $-0.56 | $2.17 | ||
| Q1 25 | $0.17 | $2.33 | ||
| Q4 24 | $1.56 | $1.82 | ||
| Q3 24 | $-0.40 | $1.65 | ||
| Q2 24 | $1.32 | $1.90 | ||
| Q1 24 | $0.06 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $554.6M | $990.2M |
| 股东权益账面价值 | $36.0M | $3.3B |
| 总资产 | $1.8B | $5.1B |
| 负债/权益比越低杠杆越低 | 15.40× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MSGERBC
| Q4 25 | $157.1M | $107.6M | ||
| Q3 25 | $29.9M | $91.2M | ||
| Q2 25 | $43.0M | $132.9M | ||
| Q1 25 | $89.0M | $36.8M | ||
| Q4 24 | $54.9M | — | ||
| Q3 24 | $37.3M | — | ||
| Q2 24 | $33.3M | $76.8M | ||
| Q1 24 | $28.0M | $63.5M |
总债务MSGERBC
| Q4 25 | $554.6M | $990.2M | ||
| Q3 25 | $581.7M | $1.1B | ||
| Q2 25 | $568.8M | $915.6M | ||
| Q1 25 | $577.4M | $920.1M | ||
| Q4 24 | $584.7M | — | ||
| Q3 24 | $647.0M | — | ||
| Q2 24 | $599.2M | — | ||
| Q1 24 | $602.5M | $1.2B |
股东权益MSGERBC
| Q4 25 | $36.0M | $3.3B | ||
| Q3 25 | $-65.8M | $3.2B | ||
| Q2 25 | $-13.3M | $3.1B | ||
| Q1 25 | $9.5M | $3.0B | ||
| Q4 24 | $10.3M | $2.9B | ||
| Q3 24 | $-48.7M | $2.9B | ||
| Q2 24 | $-23.2M | $2.8B | ||
| Q1 24 | $-94.6M | $2.8B |
总资产MSGERBC
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.7B | $5.1B | ||
| Q2 25 | $1.7B | $4.8B | ||
| Q1 25 | $1.7B | $4.7B | ||
| Q4 24 | $1.6B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.5B | $4.7B |
负债/权益比MSGERBC
| Q4 25 | 15.40× | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | 60.61× | 0.30× | ||
| Q4 24 | 56.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 1.77× | 1.81× |
| 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MSGERBC
| Q4 25 | $164.4M | $122.1M | ||
| Q3 25 | $19.8M | $88.4M | ||
| Q2 25 | $-27.0M | $120.0M | ||
| Q1 25 | $56.8M | — | ||
| Q4 24 | $112.9M | $84.0M | ||
| Q3 24 | $-27.4M | — | ||
| Q2 24 | $212.0K | $97.4M | ||
| Q1 24 | $5.8M | — |
自由现金流MSGERBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率MSGERBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度MSGERBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率MSGERBC
| Q4 25 | 1.77× | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 1.49× | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.00× | 1.59× | ||
| Q1 24 | 2.08× | — |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
