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Madison Square Garden Sports Corp.（MSGS）与Sotera Health Co（SHC）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Sotera Health Co的1.3倍（$403.4M vs $303.4M），Sotera Health Co净利率更高（11.5% vs 2.0%，领先9.4%），Madison Square Garden Sports Corp.同比增速更快（12.8% vs 4.6%），Sotera Health Co自由现金流更多（$52.4M vs $31.6M），过去两年Sotera Health Co的营收复合增速更高（10.6% 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。
Sotera Health Co是全球领先的医疗安全解决方案提供商，面向医疗器械厂商、制药企业、食品及消费品公司提供灭菌服务、实验室分析检测与合规咨询支持，帮助客户满足监管要求，保障上市产品的使用安全。
MSGS vs SHC — 直观对比
营收规模更大
MSGS
是对方的1.3倍
$303.4M
营收增速更快
MSGS
高出8.2%
4.6%
净利率更高
SHC
高出9.4%
2.0%
自由现金流更多
SHC
多$20.8M
$31.6M
两年增速更快
SHC
近两年复合增速
-3.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $403.4M | $303.4M |
| 净利润 | $8.2M | $34.8M |
| 毛利率 | — | 54.7% |
| 营业利润率 | 5.5% | 23.2% |
| 净利率 | 2.0% | 11.5% |
| 营收同比 | 12.8% | 4.6% |
| 净利润同比 | 641.9% | 182.8% |
| 每股收益（稀释后） | $0.34 | $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MSGSSHC
| Q4 25 | $403.4M | $303.4M | ||
| Q3 25 | $39.5M | $311.3M | ||
| Q2 25 | $204.0M | $294.3M | ||
| Q1 25 | $424.2M | $254.5M | ||
| Q4 24 | $357.8M | $290.2M | ||
| Q3 24 | $53.3M | $285.5M | ||
| Q2 24 | $227.3M | $276.6M | ||
| Q1 24 | $430.0M | $248.2M |
净利润MSGSSHC
| Q4 25 | $8.2M | $34.8M | ||
| Q3 25 | $-8.8M | $48.4M | ||
| Q2 25 | $-1.8M | $8.0M | ||
| Q1 25 | $-14.2M | $-13.3M | ||
| Q4 24 | $1.1M | $12.3M | ||
| Q3 24 | $-7.5M | $17.0M | ||
| Q2 24 | $25.5M | $8.8M | ||
| Q1 24 | $37.9M | $6.3M |
毛利率MSGSSHC
| Q4 25 | — | 54.7% | ||
| Q3 25 | — | 57.0% | ||
| Q2 25 | — | 56.6% | ||
| Q1 25 | — | 53.2% | ||
| Q4 24 | — | 56.6% | ||
| Q3 24 | — | 55.4% | ||
| Q2 24 | — | 55.2% | ||
| Q1 24 | — | 51.2% |
营业利润率MSGSSHC
| Q4 25 | 5.5% | 23.2% | ||
| Q3 25 | -69.5% | 23.4% | ||
| Q2 25 | -11.1% | 6.4% | ||
| Q1 25 | 7.6% | -5.8% | ||
| Q4 24 | 3.7% | 30.0% | ||
| Q3 24 | -15.5% | 28.2% | ||
| Q2 24 | 23.0% | 27.8% | ||
| Q1 24 | 18.5% | 21.4% |
净利率MSGSSHC
| Q4 25 | 2.0% | 11.5% | ||
| Q3 25 | -22.3% | 15.5% | ||
| Q2 25 | -0.9% | 2.7% | ||
| Q1 25 | -3.4% | -5.2% | ||
| Q4 24 | 0.3% | 4.2% | ||
| Q3 24 | -14.1% | 6.0% | ||
| Q2 24 | 11.2% | 3.2% | ||
| Q1 24 | 8.8% | 2.5% |
每股收益（稀释后）MSGSSHC
| Q4 25 | $0.34 | $0.12 | ||
| Q3 25 | $-0.37 | $0.17 | ||
| Q2 25 | $-0.08 | $0.03 | ||
| Q1 25 | $-0.59 | $-0.05 | ||
| Q4 24 | $0.05 | $0.05 | ||
| Q3 24 | $-0.31 | $0.06 | ||
| Q2 24 | $1.07 | $0.03 | ||
| Q1 24 | $1.57 | $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 | $81.3M | $344.6M |
| 总债务越低越好 | — | $2.1B |
| 股东权益账面价值 | $-282.1M | $606.0M |
| 总资产 | $1.5B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 3.53× |
8季度趋势，按日历期对齐
现金及短期投资MSGSSHC
| Q4 25 | $81.3M | $344.6M | ||
| Q3 25 | $48.6M | $299.2M | ||
| Q2 25 | $144.6M | $332.4M | ||
| Q1 25 | $96.5M | $304.4M | ||
| Q4 24 | $107.8M | $277.2M | ||
| Q3 24 | $52.3M | $306.7M | ||
| Q2 24 | $89.1M | $246.1M | ||
| Q1 24 | $40.0M | $261.1M |
总债务MSGSSHC
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.2B |
股东权益MSGSSHC
| Q4 25 | $-282.1M | $606.0M | ||
| Q3 25 | $-294.2M | $550.5M | ||
| Q2 25 | $-281.4M | $511.3M | ||
| Q1 25 | $-283.4M | $414.1M | ||
| Q4 24 | $-273.1M | $404.9M | ||
| Q3 24 | $-277.5M | $470.2M | ||
| Q2 24 | $-266.3M | $422.8M | ||
| Q1 24 | $-294.0M | $429.4M |
总资产MSGSSHC
| Q4 25 | $1.5B | $3.3B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.5B | $3.1B | ||
| Q4 24 | $1.4B | $3.1B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.3B | $3.1B | ||
| Q1 24 | $1.4B | $3.1B |
负债/权益比MSGSSHC
| Q4 25 | — | 3.53× | ||
| Q3 25 | — | 3.89× | ||
| Q2 25 | — | 4.34× | ||
| Q1 25 | — | 5.36× | ||
| Q4 24 | — | 5.49× | ||
| Q3 24 | — | 4.73× | ||
| Q2 24 | — | 5.26× | ||
| Q1 24 | — | 5.19× |
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 | $103.1M |
| 自由现金流经营现金流 - 资本支出 | $31.6M | $52.4M |
| 自由现金流率自由现金流/营收 | 7.8% | 17.3% |
| 资本支出强度资本支出/营收 | 0.2% | 16.7% |
| 现金转化率经营现金流/净利润 | 3.94× | 2.96× |
| 过去12个月自由现金流最近4个季度 | $-480.0K | $149.2M |
8季度趋势，按日历期对齐
经营现金流MSGSSHC
| Q4 25 | $32.4M | $103.1M | ||
| Q3 25 | $-85.0M | $71.2M | ||
| Q2 25 | $49.7M | $57.4M | ||
| Q1 25 | $6.3M | $55.5M | ||
| Q4 24 | $61.8M | $55.7M | ||
| Q3 24 | $-26.2M | $97.5M | ||
| Q2 24 | $108.4M | $61.3M | ||
| Q1 24 | $4.0M | $9.7M |
自由现金流MSGSSHC
| Q4 25 | $31.6M | $52.4M | ||
| Q3 25 | $-85.3M | $35.0M | ||
| Q2 25 | $49.4M | $26.2M | ||
| Q1 25 | $3.9M | $35.6M | ||
| Q4 24 | $61.2M | $-10.2M | ||
| Q3 24 | $-26.5M | $61.1M | ||
| Q2 24 | $108.0M | $19.4M | ||
| Q1 24 | $3.9M | $-25.2M |
自由现金流率MSGSSHC
| Q4 25 | 7.8% | 17.3% | ||
| Q3 25 | -216.3% | 11.2% | ||
| Q2 25 | 24.2% | 8.9% | ||
| Q1 25 | 0.9% | 14.0% | ||
| Q4 24 | 17.1% | -3.5% | ||
| Q3 24 | -49.7% | 21.4% | ||
| Q2 24 | 47.5% | 7.0% | ||
| Q1 24 | 0.9% | -10.2% |
资本支出强度MSGSSHC
| Q4 25 | 0.2% | 16.7% | ||
| Q3 25 | 0.9% | 11.6% | ||
| Q2 25 | 0.2% | 10.6% | ||
| Q1 25 | 0.6% | 7.8% | ||
| Q4 24 | 0.1% | 22.7% | ||
| Q3 24 | 0.7% | 12.7% | ||
| Q2 24 | 0.2% | 15.2% | ||
| Q1 24 | 0.0% | 14.1% |
现金转化率MSGSSHC
| Q4 25 | 3.94× | 2.96× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 7.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | 55.61× | 4.52× | ||
| Q3 24 | — | 5.73× | ||
| Q2 24 | 4.25× | 7.00× | ||
| Q1 24 | 0.11× | 1.53× |
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% |
SHC
| Transferred At Point In Time | $198.4M | 65% |
| Nelson Labs | $55.2M | 18% |
| Nordion | $49.8M | 16% |
