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Madison Square Garden Sports Corp.（MSGS）与ROYAL GOLD INC（RGLD）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ROYAL GOLD INC的1.1倍（$403.4M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 2.0%，领先22.9%），ROYAL GOLD INC同比增速更快（85.3% vs 12.8%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -3.1%）
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。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
MSGS vs RGLD — 直观对比
营收规模更大
MSGS
是对方的1.1倍
$375.3M
营收增速更快
RGLD
高出72.5%
12.8%
净利率更高
RGLD
高出22.9%
2.0%
两年增速更快
RGLD
近两年复合增速
-3.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $403.4M | $375.3M |
| 净利润 | $8.2M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 5.5% | 56.2% |
| 净利率 | 2.0% | 24.9% |
| 营收同比 | 12.8% | 85.3% |
| 净利润同比 | 641.9% | -12.8% |
| 每股收益（稀释后） | $0.34 | $1.04 |
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MSGSRGLD
| Q4 25 | $403.4M | $375.3M | ||
| Q3 25 | $39.5M | $252.1M | ||
| Q2 25 | $204.0M | $209.6M | ||
| Q1 25 | $424.2M | $193.4M | ||
| Q4 24 | $357.8M | $202.6M | ||
| Q3 24 | $53.3M | $193.8M | ||
| Q2 24 | $227.3M | $174.1M | ||
| Q1 24 | $430.0M | $148.9M |
净利润MSGSRGLD
| Q4 25 | $8.2M | $93.6M | ||
| Q3 25 | $-8.8M | $126.8M | ||
| Q2 25 | $-1.8M | $132.3M | ||
| Q1 25 | $-14.2M | $113.5M | ||
| Q4 24 | $1.1M | $107.4M | ||
| Q3 24 | $-7.5M | $96.2M | ||
| Q2 24 | $25.5M | $81.2M | ||
| Q1 24 | $37.9M | $47.2M |
毛利率MSGSRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率MSGSRGLD
| Q4 25 | 5.5% | 56.2% | ||
| Q3 25 | -69.5% | 64.4% | ||
| Q2 25 | -11.1% | 67.7% | ||
| Q1 25 | 7.6% | 63.6% | ||
| Q4 24 | 3.7% | 65.9% | ||
| Q3 24 | -15.5% | 61.3% | ||
| Q2 24 | 23.0% | 58.6% | ||
| Q1 24 | 18.5% | 50.7% |
净利率MSGSRGLD
| Q4 25 | 2.0% | 24.9% | ||
| Q3 25 | -22.3% | 50.3% | ||
| Q2 25 | -0.9% | 63.1% | ||
| Q1 25 | -3.4% | 58.7% | ||
| Q4 24 | 0.3% | 53.0% | ||
| Q3 24 | -14.1% | 49.7% | ||
| Q2 24 | 11.2% | 46.6% | ||
| Q1 24 | 8.8% | 31.7% |
每股收益（稀释后）MSGSRGLD
| Q4 25 | $0.34 | $1.04 | ||
| Q3 25 | $-0.37 | $1.92 | ||
| Q2 25 | $-0.08 | $2.01 | ||
| Q1 25 | $-0.59 | $1.72 | ||
| Q4 24 | $0.05 | $1.63 | ||
| Q3 24 | $-0.31 | $1.46 | ||
| Q2 24 | $1.07 | $1.23 | ||
| Q1 24 | $1.57 | $0.72 |
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 | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-282.1M | $7.2B |
| 总资产 | $1.5B | $9.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MSGSRGLD
| Q4 25 | $81.3M | $233.7M | ||
| Q3 25 | $48.6M | $172.8M | ||
| Q2 25 | $144.6M | $248.2M | ||
| Q1 25 | $96.5M | $240.8M | ||
| Q4 24 | $107.8M | $195.5M | ||
| Q3 24 | $52.3M | $127.9M | ||
| Q2 24 | $89.1M | $74.2M | ||
| Q1 24 | $40.0M | $137.9M |
总债务MSGSRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益MSGSRGLD
| Q4 25 | $-282.1M | $7.2B | ||
| Q3 25 | $-294.2M | $3.4B | ||
| Q2 25 | $-281.4M | $3.3B | ||
| Q1 25 | $-283.4M | $3.2B | ||
| Q4 24 | $-273.1M | $3.1B | ||
| Q3 24 | $-277.5M | $3.0B | ||
| Q2 24 | $-266.3M | $3.0B | ||
| Q1 24 | $-294.0M | $2.9B |
总资产MSGSRGLD
| Q4 25 | $1.5B | $9.5B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.5B | $3.6B | ||
| Q1 25 | $1.5B | $3.5B | ||
| Q4 24 | $1.4B | $3.4B | ||
| Q3 24 | $1.4B | $3.3B | ||
| Q2 24 | $1.3B | $3.3B | ||
| Q1 24 | $1.4B | $3.3B |
负债/权益比MSGSRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× | ||
| 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 | $32.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $31.6M | — |
| 自由现金流率自由现金流/营收 | 7.8% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 3.94× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $-480.0K | — |
8季度趋势，按日历期对齐
经营现金流MSGSRGLD
| Q4 25 | $32.4M | $241.7M | ||
| Q3 25 | $-85.0M | $174.0M | ||
| Q2 25 | $49.7M | $152.8M | ||
| Q1 25 | $6.3M | $136.4M | ||
| Q4 24 | $61.8M | $141.1M | ||
| Q3 24 | $-26.2M | $136.7M | ||
| Q2 24 | $108.4M | $113.5M | ||
| Q1 24 | $4.0M | $138.3M |
自由现金流MSGSRGLD
| Q4 25 | $31.6M | — | ||
| Q3 25 | $-85.3M | — | ||
| Q2 25 | $49.4M | — | ||
| Q1 25 | $3.9M | — | ||
| Q4 24 | $61.2M | — | ||
| Q3 24 | $-26.5M | — | ||
| Q2 24 | $108.0M | — | ||
| Q1 24 | $3.9M | — |
自由现金流率MSGSRGLD
| Q4 25 | 7.8% | — | ||
| Q3 25 | -216.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 17.1% | — | ||
| Q3 24 | -49.7% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 0.9% | — |
资本支出强度MSGSRGLD
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.0% | — |
现金转化率MSGSRGLD
| Q4 25 | 3.94× | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 55.61× | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | 4.25× | 1.40× | ||
| Q1 24 | 0.11× | 2.93× |
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% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
