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Seaport Entertainment Group vs MSG Rangers: SEG and MSGR compared
Seaport Entertainment Group is the larger company: $32.7M of revenue in its latest quarter (Q3 2026) against $14.1M for MSG Rangers (Q1 FY27). MSG Rangers is growing faster (+3% against -27% a year earlier). Seaport Entertainment Group is more profitable, with an operating margin of -28.2% against -167.4%.
Where the money goes: SEG and MSGR
Seaport Entertainment Group (SEG) · Q3 2026
Seaport Entertainment Group, Q3 2026: revenue $32.7M (-27% year over year), operating margin -28.2%, net loss $8.0M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
MSG Rangers (MSGR) · Q1 FY27
MSG Rangers, Q1 FY27: revenue $14.1M (+3% year over year), operating margin -167.4%, net loss $16.9M, operating cash flow −$71.2M. The chart follows the revenue to costs, profit and cash.
| Seaport Entertainment Group (SEG) | MSG Rangers (MSGR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $32.7M | $14.1M |
| Revenue growth, Y/Y | -27% | +3% |
| Operating margin | -28.2% | -167.4% |
| Net earnings | −$8.0M | −$16.9M |
| Net margin | -24.5% | -119.9% |
| Operating cash flow | −$9.2M | −$71.2M |
| Market value | $267M | — |
| Analysts’ mean target | $36.00 | — |
Where the revenue comes from
Seaport Entertainment Group
- Entertainment: $19.7M (60%)
- Hospitality: $7.9M (24%)
- Rental revenue: $4.3M (13%)
- Other revenue: $847K (3%)
MSG Rangers
- Event-related: $5.2M (37%)
- Sponsorship, signage and suite licenses: $4.1M (29%)
- League distributions and other: $3.0M (21%)
- Media rights: $1.8M (13%)
Questions
Which is bigger, Seaport Entertainment Group or MSG Rangers?
Seaport Entertainment Group is the larger company: $32.7M of revenue in its latest quarter (Q3 2026) against $14.1M for MSG Rangers (Q1 FY27).
Is Seaport Entertainment Group or MSG Rangers growing faster?
MSG Rangers is growing faster (+3% against -27% a year earlier).
Which is more profitable, Seaport Entertainment Group or MSG Rangers?
Seaport Entertainment Group is more profitable, with an operating margin of -28.2% against -167.4%.
More: Seaport Entertainment Group earnings · how Seaport Entertainment Group makes money · MSG Rangers earnings · how MSG Rangers makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.