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Madison Square Garden Entertainment Corp.（MSGE）与Rapid7, Inc.（RPD）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Rapid7, Inc.的2.0倍（$424.8M vs $217.4M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs 1.4%，领先20.4%），Madison Square Garden Entertainment Corp.同比增速更快（12.5% vs 0.5%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% vs 3.0%）
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。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
MSGE vs RPD — 直观对比
营收规模更大
MSGE
是对方的2.0倍
$217.4M
营收增速更快
MSGE
高出12.0%
0.5%
净利率更高
MSGE
高出20.4%
1.4%
两年增速更快
MSGE
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $424.8M | $217.4M |
| 净利润 | $92.7M | $3.1M |
| 毛利率 | — | 68.9% |
| 营业利润率 | 38.6% | 1.0% |
| 净利率 | 21.8% | 1.4% |
| 营收同比 | 12.5% | 0.5% |
| 净利润同比 | 22.2% | 44.1% |
| 每股收益（稀释后） | $1.94 | $0.05 |
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MSGERPD
| Q4 25 | $424.8M | $217.4M | ||
| Q3 25 | $154.1M | $218.0M | ||
| Q2 25 | $145.1M | $214.2M | ||
| Q1 25 | $206.0M | $210.3M | ||
| Q4 24 | $377.6M | $216.3M | ||
| Q3 24 | $134.1M | $214.7M | ||
| Q2 24 | $177.6M | $208.0M | ||
| Q1 24 | $191.6M | $205.1M |
净利润MSGERPD
| Q4 25 | $92.7M | $3.1M | ||
| Q3 25 | $-21.7M | $9.8M | ||
| Q2 25 | $-27.2M | $8.3M | ||
| Q1 25 | $8.0M | $2.1M | ||
| Q4 24 | $75.9M | $2.2M | ||
| Q3 24 | $-19.3M | $15.4M | ||
| Q2 24 | $66.9M | $6.5M | ||
| Q1 24 | $2.8M | $1.4M |
毛利率MSGERPD
| Q4 25 | — | 68.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.6% | ||
| Q1 25 | — | 71.7% | ||
| Q4 24 | — | 69.5% | ||
| Q3 24 | — | 70.6% | ||
| Q2 24 | — | 70.7% | ||
| Q1 24 | — | 70.3% |
营业利润率MSGERPD
| Q4 25 | 38.6% | 1.0% | ||
| Q3 25 | -19.3% | 2.7% | ||
| Q2 25 | -17.7% | 1.6% | ||
| Q1 25 | 13.3% | -0.0% | ||
| Q4 24 | 36.8% | 3.4% | ||
| Q3 24 | -13.8% | 6.0% | ||
| Q2 24 | -5.0% | 2.5% | ||
| Q1 24 | 8.8% | 4.7% |
净利率MSGERPD
| Q4 25 | 21.8% | 1.4% | ||
| Q3 25 | -14.0% | 4.5% | ||
| Q2 25 | -18.7% | 3.9% | ||
| Q1 25 | 3.9% | 1.0% | ||
| Q4 24 | 20.1% | 1.0% | ||
| Q3 24 | -14.4% | 7.2% | ||
| Q2 24 | 37.7% | 3.1% | ||
| Q1 24 | 1.5% | 0.7% |
每股收益（稀释后）MSGERPD
| Q4 25 | $1.94 | $0.05 | ||
| Q3 25 | $-0.46 | $0.15 | ||
| Q2 25 | $-0.56 | $0.13 | ||
| Q1 25 | $0.17 | $0.03 | ||
| Q4 24 | $1.56 | $0.08 | ||
| Q3 24 | $-0.40 | $0.21 | ||
| Q2 24 | $1.32 | $0.09 | ||
| Q1 24 | $0.06 | $0.02 |
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 | $474.7M |
| 总债务越低越好 | $554.6M | — |
| 股东权益账面价值 | $36.0M | $154.7M |
| 总资产 | $1.8B | $1.7B |
| 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MSGERPD
| Q4 25 | $157.1M | $474.7M | ||
| Q3 25 | $29.9M | $407.1M | ||
| Q2 25 | $43.0M | $511.7M | ||
| Q1 25 | $89.0M | $493.5M | ||
| Q4 24 | $54.9M | $521.7M | ||
| Q3 24 | $37.3M | $443.7M | ||
| Q2 24 | $33.3M | $442.6M | ||
| Q1 24 | $28.0M | $411.7M |
总债务MSGERPD
| 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MSGERPD
| Q4 25 | $36.0M | $154.7M | ||
| Q3 25 | $-65.8M | $127.2M | ||
| Q2 25 | $-13.3M | $90.4M | ||
| Q1 25 | $9.5M | $52.7M | ||
| Q4 24 | $10.3M | $17.7M | ||
| Q3 24 | $-48.7M | $-5.1M | ||
| Q2 24 | $-23.2M | $-52.6M | ||
| Q1 24 | $-94.6M | $-86.4M |
总资产MSGERPD
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.6B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
负债/权益比MSGERPD
| 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 | $37.6M |
| 自由现金流经营现金流 - 资本支出 | — | $36.4M |
| 自由现金流率自由现金流/营收 | — | 16.8% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 1.77× | 12.01× |
| 过去12个月自由现金流最近4个季度 | — | $146.2M |
8季度趋势，按日历期对齐
经营现金流MSGERPD
| Q4 25 | $164.4M | $37.6M | ||
| Q3 25 | $19.8M | $39.0M | ||
| Q2 25 | $-27.0M | $47.5M | ||
| Q1 25 | $56.8M | $29.8M | ||
| Q4 24 | $112.9M | $63.8M | ||
| Q3 24 | $-27.4M | $44.0M | ||
| Q2 24 | $212.0K | $32.9M | ||
| Q1 24 | $5.8M | $31.1M |
自由现金流MSGERPD
| Q4 25 | — | $36.4M | ||
| Q3 25 | — | $34.8M | ||
| Q2 25 | — | $46.6M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | — | $62.6M | ||
| Q3 24 | — | $42.6M | ||
| Q2 24 | — | $32.6M | ||
| Q1 24 | — | $30.4M |
自由现金流率MSGERPD
| Q4 25 | — | 16.8% | ||
| Q3 25 | — | 16.0% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 15.7% | ||
| Q1 24 | — | 14.8% |
资本支出强度MSGERPD
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.3% |
现金转化率MSGERPD
| Q4 25 | 1.77× | 12.01× | ||
| Q3 25 | — | 3.97× | ||
| Q2 25 | — | 5.70× | ||
| Q1 25 | 7.07× | 14.14× | ||
| Q4 24 | 1.49× | 29.36× | ||
| Q3 24 | — | 2.85× | ||
| Q2 24 | 0.00× | 5.03× | ||
| Q1 24 | 2.08× | 22.10× |
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% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
