Filing Flows › Comparisons › MTN vs MSGE
Vail Resorts vs Madison Square Garden Entertainment: MTN and MSGE compared
Vail Resorts is the larger company: $278M of revenue in its latest quarter (Q4 FY26) against $217M for Madison Square Garden Entertainment (Q1 FY27). Madison Square Garden Entertainment is growing faster (+37% against +2% a year earlier). Madison Square Garden Entertainment is more profitable, with an operating margin of 4.5% against -75.1%.
Where the money goes: MTN and MSGE
Vail Resorts (MTN) · Q4 FY26
Vail Resorts, Q4 FY26: revenue $278M (+2% year over year), operating margin -75.1%, net loss $199M, operating cash flow −$103M. The chart follows the revenue to costs, profit and cash.
Madison Square Garden Entertainment (MSGE) · Q1 FY27
Madison Square Garden Entertainment, Q1 FY27: revenue $217M (+37% year over year), operating margin 4.5%, net earnings $8.9M, operating cash flow −$26.2M. The chart follows the revenue to costs, profit and cash.
| Vail Resorts (MTN) | Madison Square Garden Entertainment (MSGE) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q1 FY27 |
| Revenue | $278M | $217M |
| Revenue growth, Y/Y | +2% | +37% |
| Operating margin | -75.1% | 4.5% |
| Net earnings | −$199M | $8.9M |
| Net margin | -71.5% | 4.1% |
| Operating cash flow | −$103M | −$26.2M |
| Market value | $5.4B | $3.7B |
| P/E | 36.5× | 38.3× |
| Analysts’ mean target | $148.36 | $91.75 |
Where the revenue comes from
Madison Square Garden Entertainment
- Entertainment and Food, Beverage And Merchandise Revenues: $211M (97%)
- Arena license fees and other leasing revenue: $6.6M (3%)
Questions
Which is bigger, Vail Resorts or Madison Square Garden Entertainment?
Vail Resorts is the larger company: $278M of revenue in its latest quarter (Q4 FY26) against $217M for Madison Square Garden Entertainment (Q1 FY27).
Is Vail Resorts or Madison Square Garden Entertainment growing faster?
Madison Square Garden Entertainment is growing faster (+37% against +2% a year earlier).
Which is more profitable, Vail Resorts or Madison Square Garden Entertainment?
Madison Square Garden Entertainment is more profitable, with an operating margin of 4.5% against -75.1%.
More: Vail Resorts earnings · how Vail Resorts makes money · Madison Square Garden Entertainment earnings · how Madison Square Garden Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 28, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.