vs
Madison Square Garden Entertainment Corp.（MSGE）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是Madison Square Garden Entertainment Corp.的1.9倍（$828.2M vs $424.8M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs 13.2%，领先8.6%），Rithm Capital Corp.同比增速更快（508.5% vs 12.5%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
MSGE vs RITM — 直观对比
营收规模更大
RITM
是对方的1.9倍
$424.8M
营收增速更快
RITM
高出496.0%
12.5%
净利率更高
MSGE
高出8.6%
13.2%
两年增速更快
MSGE
近两年复合增速
-17.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $424.8M | $828.2M |
| 净利润 | $92.7M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 38.6% | 29.9% |
| 净利率 | 21.8% | 13.2% |
| 营收同比 | 12.5% | 508.5% |
| 净利润同比 | 22.2% | 27.7% |
| 每股收益（稀释后） | $1.94 | $0.12 |
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MSGERITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $424.8M | $1.5B | ||
| Q3 25 | $154.1M | $1.1B | ||
| Q2 25 | $145.1M | $1.2B | ||
| Q1 25 | $206.0M | $768.4M | ||
| Q4 24 | $377.6M | $2.1B | ||
| Q3 24 | $134.1M | $619.5M | ||
| Q2 24 | $177.6M | $1.2B |
净利润MSGERITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $92.7M | $85.0M | ||
| Q3 25 | $-21.7M | $221.5M | ||
| Q2 25 | $-27.2M | $311.7M | ||
| Q1 25 | $8.0M | $78.8M | ||
| Q4 24 | $75.9M | $290.2M | ||
| Q3 24 | $-19.3M | $121.7M | ||
| Q2 24 | $66.9M | $235.6M |
营业利润率MSGERITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 38.6% | 13.8% | ||
| Q3 25 | -19.3% | 21.4% | ||
| Q2 25 | -17.7% | 25.2% | ||
| Q1 25 | 13.3% | 7.4% | ||
| Q4 24 | 36.8% | 23.8% | ||
| Q3 24 | -13.8% | 7.3% | ||
| Q2 24 | -5.0% | 23.6% |
净利率MSGERITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 21.8% | 5.7% | ||
| Q3 25 | -14.0% | 20.0% | ||
| Q2 25 | -18.7% | 25.6% | ||
| Q1 25 | 3.9% | 10.3% | ||
| Q4 24 | 20.1% | 14.0% | ||
| Q3 24 | -14.4% | 19.7% | ||
| Q2 24 | 37.7% | 19.2% |
每股收益（稀释后）MSGERITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.94 | $0.09 | ||
| Q3 25 | $-0.46 | $0.35 | ||
| Q2 25 | $-0.56 | $0.53 | ||
| Q1 25 | $0.17 | $0.07 | ||
| Q4 24 | $1.56 | $0.50 | ||
| Q3 24 | $-0.40 | $0.20 | ||
| Q2 24 | $1.32 | $0.43 |
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 | — |
| 总债务越低越好 | $554.6M | — |
| 股东权益账面价值 | $36.0M | $9.1B |
| 总资产 | $1.8B | $53.4B |
| 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MSGERITM
| Q1 26 | — | — | ||
| Q4 25 | $157.1M | $1.8B | ||
| Q3 25 | $29.9M | $1.6B | ||
| Q2 25 | $43.0M | $1.6B | ||
| Q1 25 | $89.0M | $1.5B | ||
| Q4 24 | $54.9M | $1.5B | ||
| Q3 24 | $37.3M | $1.6B | ||
| Q2 24 | $33.3M | $1.2B |
总债务MSGERITM
| Q1 26 | — | — | ||
| Q4 25 | $554.6M | $35.4B | ||
| Q3 25 | $581.7M | $32.2B | ||
| Q2 25 | $568.8M | $31.2B | ||
| Q1 25 | $577.4M | $32.2B | ||
| Q4 24 | $584.7M | $32.6B | ||
| Q3 24 | $647.0M | $29.6B | ||
| Q2 24 | $599.2M | $30.1B |
股东权益MSGERITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $36.0M | $8.4B | ||
| Q3 25 | $-65.8M | $8.5B | ||
| Q2 25 | $-13.3M | $7.9B | ||
| Q1 25 | $9.5M | $7.8B | ||
| Q4 24 | $10.3M | $7.8B | ||
| Q3 24 | $-48.7M | $7.7B | ||
| Q2 24 | $-23.2M | $7.3B |
总资产MSGERITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $1.8B | $53.1B | ||
| Q3 25 | $1.7B | $47.2B | ||
| Q2 25 | $1.7B | $44.3B | ||
| Q1 25 | $1.7B | $45.3B | ||
| Q4 24 | $1.6B | $46.0B | ||
| Q3 24 | $1.6B | $42.3B | ||
| Q2 24 | $1.6B | $42.0B |
负债/权益比MSGERITM
| Q1 26 | — | — | ||
| Q4 25 | 15.40× | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | 60.61× | 4.14× | ||
| Q4 24 | 56.61× | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.77× | — |
| 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MSGERITM
| Q1 26 | — | — | ||
| Q4 25 | $164.4M | $-114.6M | ||
| Q3 25 | $19.8M | $-2.0B | ||
| Q2 25 | $-27.0M | $-557.1M | ||
| Q1 25 | $56.8M | $1.4B | ||
| Q4 24 | $112.9M | $-1.8B | ||
| Q3 24 | $-27.4M | $768.1M | ||
| Q2 24 | $212.0K | $-55.7M |
现金转化率MSGERITM
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | -1.35× | ||
| Q3 25 | — | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | 7.07× | 18.03× | ||
| Q4 24 | 1.49× | -6.04× | ||
| Q3 24 | — | 6.31× | ||
| Q2 24 | 0.00× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
