COMP <GO>
SPHR vs MSGE // ALTMAN Z-SCORE & DEBT/EQUITY
Sphere Entertainment Co. (NYSE) VS. Madison Square Garden Entertainment Corp. (Class A) (NYSE) • 15-METRIC TALLY: SPHR 4
— MSGE 6
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: MSGE
LAST: $109.14 (-3.50%) • MKT CAP: $4.06B
balance-sheet
1.30
LAST: $80.35 (-0.90%) • MKT CAP: $3.85B
balance-sheet
2.07
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SPHR VS. MSGE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | SPHR | MSGE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -7.30% | 22.20% | -29.50 | MSGE | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 34.8x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 4.64% | 3.00% | +1.64 | SPHR | /fcf-yield <GO> |
| Operating Margin | -18.80% | 13.00% | -31.80 | MSGE | /operating-margins <GO> |
| Net Profit Margin | 2.70% | 4.00% | -1.30 | MSGE | /net-margins <GO> |
| Revenue Growth (YoY) | 19.00% | -1.70% | +20.70 | SPHR | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 1.30 | 2.07 | -0.77 | MSGE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 4/9 | +5.00 | SPHR | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 46.2 | 55.4 | -9.20 | MSGE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.99 | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 102.1x | 95.5x | +6.60 | MSGE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $4.06B | $3.85B | $216.5M | SPHR | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | SPHR REV | MSGE REV | SPHR GROSS % | MSGE GROSS % | SPHR FCF | MSGE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.22B | $942.7M | — | — | $188.5M | $115.3M |
| FY 2024 | $1.02B | $959.3M | — | — | -$65.7M | $111.3M |
| FY 2023 | $571.2M | $779.8M | — | — | $127.9M | $135.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
SPHR // BETA 0.99
MSGE // BETA —