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Madison Square Garden Sports Corp.（MSGS）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是Madison Square Garden Sports Corp.的2.0倍（$825.7M vs $403.4M），STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs 2.0%，领先9.6%），STERLING INFRASTRUCTURE, INC.同比增速更快（91.6% vs 12.8%），过去两年STERLING INFRASTRUCTURE, INC.的营收复合增速更高（19.0% 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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
MSGS vs STRL — 直观对比
营收规模更大
STRL
是对方的2.0倍
$403.4M
营收增速更快
STRL
高出78.8%
12.8%
净利率更高
STRL
高出9.6%
2.0%
两年增速更快
STRL
近两年复合增速
-3.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $403.4M | $825.7M |
| 净利润 | $8.2M | $96.0M |
| 毛利率 | — | 23.5% |
| 营业利润率 | 5.5% | 16.7% |
| 净利率 | 2.0% | 11.6% |
| 营收同比 | 12.8% | 91.6% |
| 净利润同比 | 641.9% | 143.1% |
| 每股收益（稀释后） | $0.34 | $3.09 |
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MSGSSTRL
| Q1 26 | — | $825.7M | ||
| Q4 25 | $403.4M | $755.6M | ||
| Q3 25 | $39.5M | $689.0M | ||
| Q2 25 | $204.0M | $614.5M | ||
| Q1 25 | $424.2M | $430.9M | ||
| Q4 24 | $357.8M | $498.8M | ||
| Q3 24 | $53.3M | $593.7M | ||
| Q2 24 | $227.3M | $582.8M |
净利润MSGSSTRL
| Q1 26 | — | $96.0M | ||
| Q4 25 | $8.2M | $87.6M | ||
| Q3 25 | $-8.8M | $92.1M | ||
| Q2 25 | $-1.8M | $71.0M | ||
| Q1 25 | $-14.2M | $39.5M | ||
| Q4 24 | $1.1M | $113.2M | ||
| Q3 24 | $-7.5M | $61.3M | ||
| Q2 24 | $25.5M | $51.9M |
毛利率MSGSSTRL
| Q1 26 | — | 23.5% | ||
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 19.3% |
营业利润率MSGSSTRL
| Q1 26 | — | 16.7% | ||
| Q4 25 | 5.5% | 15.9% | ||
| Q3 25 | -69.5% | 18.2% | ||
| Q2 25 | -11.1% | 17.0% | ||
| Q1 25 | 7.6% | 13.0% | ||
| Q4 24 | 3.7% | 12.5% | ||
| Q3 24 | -15.5% | 14.7% | ||
| Q2 24 | 23.0% | 12.5% |
净利率MSGSSTRL
| Q1 26 | — | 11.6% | ||
| Q4 25 | 2.0% | 11.6% | ||
| Q3 25 | -22.3% | 13.4% | ||
| Q2 25 | -0.9% | 11.6% | ||
| Q1 25 | -3.4% | 9.2% | ||
| Q4 24 | 0.3% | 22.7% | ||
| Q3 24 | -14.1% | 10.3% | ||
| Q2 24 | 11.2% | 8.9% |
每股收益（稀释后）MSGSSTRL
| Q1 26 | — | $3.09 | ||
| Q4 25 | $0.34 | $2.82 | ||
| Q3 25 | $-0.37 | $2.97 | ||
| Q2 25 | $-0.08 | $2.31 | ||
| Q1 25 | $-0.59 | $1.28 | ||
| Q4 24 | $0.05 | $3.63 | ||
| Q3 24 | $-0.31 | $1.97 | ||
| Q2 24 | $1.07 | $1.67 |
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 | $511.9M |
| 总债务越低越好 | — | $287.5M |
| 股东权益账面价值 | $-282.1M | $1.2B |
| 总资产 | $1.5B | $2.8B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资MSGSSTRL
| Q1 26 | — | $511.9M | ||
| Q4 25 | $81.3M | $390.7M | ||
| Q3 25 | $48.6M | $306.4M | ||
| Q2 25 | $144.6M | $699.4M | ||
| Q1 25 | $96.5M | $638.6M | ||
| Q4 24 | $107.8M | $664.2M | ||
| Q3 24 | $52.3M | $648.1M | ||
| Q2 24 | $89.1M | $540.0M |
总债务MSGSSTRL
| Q1 26 | — | $287.5M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MSGSSTRL
| Q1 26 | — | $1.2B | ||
| Q4 25 | $-282.1M | $1.1B | ||
| Q3 25 | $-294.2M | $1.1B | ||
| Q2 25 | $-281.4M | $881.7M | ||
| Q1 25 | $-283.4M | $805.4M | ||
| Q4 24 | $-273.1M | $808.1M | ||
| Q3 24 | $-277.5M | $716.5M | ||
| Q2 24 | $-266.3M | $670.7M |
总资产MSGSSTRL
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.5B | $2.6B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.5B | $2.0B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.3B | $2.0B |
负债/权益比MSGSSTRL
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $165.6M |
| 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% | 2.4% |
| 现金转化率经营现金流/净利润 | 3.94× | 1.73× |
| 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MSGSSTRL
| Q1 26 | — | $165.6M | ||
| Q4 25 | $32.4M | $186.1M | ||
| Q3 25 | $-85.0M | $83.6M | ||
| Q2 25 | $49.7M | $85.4M | ||
| Q1 25 | $6.3M | $84.9M | ||
| Q4 24 | $61.8M | $174.3M | ||
| Q3 24 | $-26.2M | $152.3M | ||
| Q2 24 | $108.4M | $121.0M |
自由现金流MSGSSTRL
| Q1 26 | — | — | ||
| Q4 25 | $31.6M | $159.7M | ||
| Q3 25 | $-85.3M | $64.0M | ||
| Q2 25 | $49.4M | $72.1M | ||
| Q1 25 | $3.9M | $67.0M | ||
| Q4 24 | $61.2M | $158.6M | ||
| Q3 24 | $-26.5M | $138.3M | ||
| Q2 24 | $108.0M | $92.1M |
自由现金流率MSGSSTRL
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 21.1% | ||
| Q3 25 | -216.3% | 9.3% | ||
| Q2 25 | 24.2% | 11.7% | ||
| Q1 25 | 0.9% | 15.5% | ||
| Q4 24 | 17.1% | 31.8% | ||
| Q3 24 | -49.7% | 23.3% | ||
| Q2 24 | 47.5% | 15.8% |
资本支出强度MSGSSTRL
| Q1 26 | — | 2.4% | ||
| Q4 25 | 0.2% | 3.5% | ||
| Q3 25 | 0.9% | 2.9% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.6% | 4.2% | ||
| Q4 24 | 0.1% | 3.1% | ||
| Q3 24 | 0.7% | 2.4% | ||
| Q2 24 | 0.2% | 5.0% |
现金转化率MSGSSTRL
| Q1 26 | — | 1.73× | ||
| Q4 25 | 3.94× | 2.12× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | 55.61× | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | 4.25× | 2.33× |
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% |
STRL
| E-Infrastructure Solutions | $597.7M | 72% |
| Transportation Solutions | $132.9M | 16% |
| Building Solutions | $95.1M | 12% |
