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Madison Square Garden Entertainment Corp.（MSGE）与GIBRALTAR INDUSTRIES, INC.（ROCK）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GIBRALTAR INDUSTRIES, INC.的1.9倍（$424.8M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 12.5%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% vs -12.3%）
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MSGE vs ROCK — 直观对比
营收规模更大
MSGE
是对方的1.9倍
$225.0M
营收增速更快
ROCK
高出12.5%
12.5%
两年增速更快
MSGE
近两年复合增速
-12.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $424.8M | $225.0M |
| 净利润 | $92.7M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 38.6% | 7.9% |
| 净利率 | 21.8% | — |
| 营收同比 | 12.5% | 24.9% |
| 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MSGEROCK
| Q4 25 | $424.8M | $225.0M | ||
| Q3 25 | $154.1M | $310.9M | ||
| Q2 25 | $145.1M | $309.5M | ||
| Q1 25 | $206.0M | $290.0M | ||
| Q4 24 | $377.6M | $180.1M | ||
| Q3 24 | $134.1M | $277.1M | ||
| Q2 24 | $177.6M | $273.6M | ||
| Q1 24 | $191.6M | $292.5M |
净利润MSGEROCK
| Q4 25 | $92.7M | — | ||
| Q3 25 | $-21.7M | $-89.1M | ||
| Q2 25 | $-27.2M | $26.0M | ||
| Q1 25 | $8.0M | $21.1M | ||
| Q4 24 | $75.9M | — | ||
| Q3 24 | $-19.3M | $34.0M | ||
| Q2 24 | $66.9M | $32.2M | ||
| Q1 24 | $2.8M | $24.9M |
毛利率MSGEROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率MSGEROCK
| Q4 25 | 38.6% | 7.9% | ||
| Q3 25 | -19.3% | 12.8% | ||
| Q2 25 | -17.7% | 12.8% | ||
| Q1 25 | 13.3% | 8.8% | ||
| Q4 24 | 36.8% | 13.3% | ||
| Q3 24 | -13.8% | 15.6% | ||
| Q2 24 | -5.0% | 14.9% | ||
| Q1 24 | 8.8% | 10.8% |
净利率MSGEROCK
| Q4 25 | 21.8% | — | ||
| Q3 25 | -14.0% | -28.6% | ||
| Q2 25 | -18.7% | 8.4% | ||
| Q1 25 | 3.9% | 7.3% | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | -14.4% | 12.3% | ||
| Q2 24 | 37.7% | 11.8% | ||
| Q1 24 | 1.5% | 8.5% |
每股收益（稀释后）MSGEROCK
| Q4 25 | $1.94 | — | ||
| Q3 25 | $-0.46 | $-2.98 | ||
| Q2 25 | $-0.56 | $0.87 | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $1.56 | — | ||
| Q3 24 | $-0.40 | $1.11 | ||
| Q2 24 | $1.32 | $1.05 | ||
| 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 | $115.7M |
| 总债务越低越好 | $554.6M | $0 |
| 股东权益账面价值 | $36.0M | $950.4M |
| 总资产 | $1.8B | $1.4B |
| 负债/权益比越低杠杆越低 | 15.40× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MSGEROCK
| Q4 25 | $157.1M | $115.7M | ||
| Q3 25 | $29.9M | $89.4M | ||
| Q2 25 | $43.0M | $43.3M | ||
| Q1 25 | $89.0M | $25.1M | ||
| Q4 24 | $54.9M | $269.5M | ||
| Q3 24 | $37.3M | $228.9M | ||
| Q2 24 | $33.3M | $179.1M | ||
| Q1 24 | $28.0M | $146.7M |
总债务MSGEROCK
| Q4 25 | $554.6M | $0 | ||
| Q3 25 | $581.7M | $0 | ||
| Q2 25 | $568.8M | $0 | ||
| Q1 25 | $577.4M | $0 | ||
| Q4 24 | $584.7M | $0 | ||
| Q3 24 | $647.0M | $0 | ||
| Q2 24 | $599.2M | $0 | ||
| Q1 24 | $602.5M | $0 |
股东权益MSGEROCK
| Q4 25 | $36.0M | $950.4M | ||
| Q3 25 | $-65.8M | $951.8M | ||
| Q2 25 | $-13.3M | $1.0B | ||
| Q1 25 | $9.5M | $1.0B | ||
| Q4 24 | $10.3M | $1.0B | ||
| Q3 24 | $-48.7M | $1.0B | ||
| Q2 24 | $-23.2M | $975.7M | ||
| Q1 24 | $-94.6M | $940.2M |
总资产MSGEROCK
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $1.5B | $1.3B |
负债/权益比MSGEROCK
| Q4 25 | 15.40× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | 60.61× | 0.00× | ||
| Q4 24 | 56.61× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | — | $26.2M |
| 自由现金流率自由现金流/营收 | — | 11.7% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 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 | — | $120.6M |
8季度趋势，按日历期对齐
经营现金流MSGEROCK
| Q4 25 | $164.4M | $35.5M | ||
| Q3 25 | $19.8M | $73.0M | ||
| Q2 25 | $-27.0M | $44.9M | ||
| Q1 25 | $56.8M | $13.7M | ||
| Q4 24 | $112.9M | $19.9M | ||
| Q3 24 | $-27.4M | $64.7M | ||
| Q2 24 | $212.0K | $36.5M | ||
| Q1 24 | $5.8M | $53.2M |
自由现金流MSGEROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $60.5M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $48.8M |
自由现金流率MSGEROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 12.2% | ||
| Q1 24 | — | 16.7% |
资本支出强度MSGEROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.5% |
现金转化率MSGEROCK
| Q4 25 | 1.77× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | 7.07× | 0.65× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | 0.00× | 1.13× | ||
| Q1 24 | 2.08× | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
