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Madison Square Garden Sports Corp.（MSGS）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
Madison Square Garden Sports Corp.的季度营收约是福尼克斯的1.9倍（$403.4M vs $210.4M），福尼克斯净利率更高（10.9% vs 2.0%，领先8.8%），Madison Square Garden Sports Corp.同比增速更快（12.8% vs -5.5%），Madison Square Garden Sports Corp.自由现金流更多（$31.6M vs $25.2M），过去两年Madison Square Garden Sports Corp.的营收复合增速更高（-3.1% vs -3.8%）
麦迪逊广场花园体育公司是总部位于美国纽约市的专业体育控股企业，深耕职业体育俱乐部运营、体育IP开发管理等核心业务，在北美体育产业领域拥有深厚的行业积累与较高的市场知名度。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
MSGS vs PLAB — 直观对比
营收规模更大
MSGS
是对方的1.9倍
$210.4M
营收增速更快
MSGS
高出18.3%
-5.5%
净利率更高
PLAB
高出8.8%
2.0%
自由现金流更多
MSGS
多$6.4M
$25.2M
两年增速更快
MSGS
近两年复合增速
-3.8%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $403.4M | $210.4M |
| 净利润 | $8.2M | $22.9M |
| 毛利率 | — | 33.7% |
| 营业利润率 | 5.5% | 22.9% |
| 净利率 | 2.0% | 10.9% |
| 营收同比 | 12.8% | -5.5% |
| 净利润同比 | 641.9% | -32.4% |
| 每股收益（稀释后） | $0.34 | $0.39 |
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MSGSPLAB
| Q4 25 | $403.4M | — | ||
| Q3 25 | $39.5M | $210.4M | ||
| Q2 25 | $204.0M | $211.0M | ||
| Q1 25 | $424.2M | $212.1M | ||
| Q4 24 | $357.8M | $222.6M | ||
| Q3 24 | $53.3M | $211.0M | ||
| Q2 24 | $227.3M | $217.0M | ||
| Q1 24 | $430.0M | $216.3M |
净利润MSGSPLAB
| Q4 25 | $8.2M | — | ||
| Q3 25 | $-8.8M | $22.9M | ||
| Q2 25 | $-1.8M | $8.9M | ||
| Q1 25 | $-14.2M | $42.9M | ||
| Q4 24 | $1.1M | $33.9M | ||
| Q3 24 | $-7.5M | $34.4M | ||
| Q2 24 | $25.5M | $36.3M | ||
| Q1 24 | $37.9M | $26.2M |
毛利率MSGSPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
营业利润率MSGSPLAB
| Q4 25 | 5.5% | — | ||
| Q3 25 | -69.5% | 22.9% | ||
| Q2 25 | -11.1% | 26.4% | ||
| Q1 25 | 7.6% | 24.6% | ||
| Q4 24 | 3.7% | 25.1% | ||
| Q3 24 | -15.5% | 24.7% | ||
| Q2 24 | 23.0% | 25.8% | ||
| Q1 24 | 18.5% | 26.6% |
净利率MSGSPLAB
| Q4 25 | 2.0% | — | ||
| Q3 25 | -22.3% | 10.9% | ||
| Q2 25 | -0.9% | 4.2% | ||
| Q1 25 | -3.4% | 20.2% | ||
| Q4 24 | 0.3% | 15.2% | ||
| Q3 24 | -14.1% | 16.3% | ||
| Q2 24 | 11.2% | 16.7% | ||
| Q1 24 | 8.8% | 12.1% |
每股收益（稀释后）MSGSPLAB
| Q4 25 | $0.34 | — | ||
| Q3 25 | $-0.37 | $0.39 | ||
| Q2 25 | $-0.08 | $0.15 | ||
| Q1 25 | $-0.59 | $0.68 | ||
| Q4 24 | $0.05 | $0.54 | ||
| Q3 24 | $-0.31 | $0.55 | ||
| Q2 24 | $1.07 | $0.58 | ||
| Q1 24 | $1.57 | $0.42 |
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 | $81.3M | $575.8M |
| 总债务越低越好 | — | $16.0K |
| 股东权益账面价值 | $-282.1M | $1.1B |
| 总资产 | $1.5B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MSGSPLAB
| Q4 25 | $81.3M | — | ||
| Q3 25 | $48.6M | $575.8M | ||
| Q2 25 | $144.6M | $558.4M | ||
| Q1 25 | $96.5M | $642.2M | ||
| Q4 24 | $107.8M | $640.7M | ||
| Q3 24 | $52.3M | $606.4M | ||
| Q2 24 | $89.1M | $559.9M | ||
| Q1 24 | $40.0M | $521.5M |
总债务MSGSPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | — | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M |
股东权益MSGSPLAB
| Q4 25 | $-282.1M | — | ||
| Q3 25 | $-294.2M | $1.1B | ||
| Q2 25 | $-281.4M | $1.1B | ||
| Q1 25 | $-283.4M | $1.1B | ||
| Q4 24 | $-273.1M | $1.1B | ||
| Q3 24 | $-277.5M | $1.1B | ||
| Q2 24 | $-266.3M | $1.0B | ||
| Q1 24 | $-294.0M | $1.0B |
总资产MSGSPLAB
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.5B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $1.4B | $1.6B |
负债/权益比MSGSPLAB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 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 | $32.4M | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $31.6M | $25.2M |
| 自由现金流率自由现金流/营收 | 7.8% | 12.0% |
| 资本支出强度资本支出/营收 | 0.2% | 11.8% |
| 现金转化率经营现金流/净利润 | 3.94× | 2.19× |
| 过去12个月自由现金流最近4个季度 | $-480.0K | $64.5M |
8季度趋势，按日历期对齐
经营现金流MSGSPLAB
| Q4 25 | $32.4M | — | ||
| Q3 25 | $-85.0M | $50.1M | ||
| Q2 25 | $49.7M | $31.5M | ||
| Q1 25 | $6.3M | $78.5M | ||
| Q4 24 | $61.8M | $68.4M | ||
| Q3 24 | $-26.2M | $75.1M | ||
| Q2 24 | $108.4M | $76.5M | ||
| Q1 24 | $4.0M | $41.5M |
自由现金流MSGSPLAB
| Q4 25 | $31.6M | — | ||
| Q3 25 | $-85.3M | $25.2M | ||
| Q2 25 | $49.4M | $-29.1M | ||
| Q1 25 | $3.9M | $43.3M | ||
| Q4 24 | $61.2M | $25.2M | ||
| Q3 24 | $-26.5M | $50.7M | ||
| Q2 24 | $108.0M | $56.5M | ||
| Q1 24 | $3.9M | $-1.8M |
自由现金流率MSGSPLAB
| Q4 25 | 7.8% | — | ||
| Q3 25 | -216.3% | 12.0% | ||
| Q2 25 | 24.2% | -13.8% | ||
| Q1 25 | 0.9% | 20.4% | ||
| Q4 24 | 17.1% | 11.3% | ||
| Q3 24 | -49.7% | 24.0% | ||
| Q2 24 | 47.5% | 26.0% | ||
| Q1 24 | 0.9% | -0.8% |
资本支出强度MSGSPLAB
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.9% | 11.8% | ||
| Q2 25 | 0.2% | 28.7% | ||
| Q1 25 | 0.6% | 16.6% | ||
| Q4 24 | 0.1% | 19.4% | ||
| Q3 24 | 0.7% | 11.6% | ||
| Q2 24 | 0.2% | 9.2% | ||
| Q1 24 | 0.0% | 20.0% |
现金转化率MSGSPLAB
| Q4 25 | 3.94× | — | ||
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | 55.61× | 2.02× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 4.25× | 2.11× | ||
| Q1 24 | 0.11× | 1.59× |
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
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
