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Brightstar Lottery vs Madison Square Garden Sports: revenue, profit, margins and growth compared

Brightstar Lottery brought in $2.5B of revenue in fiscal 2025, Madison Square Garden Sports $1.2B in fiscal 2026. Revenue changed by -0.0% at Brightstar Lottery and +11.0% at Madison Square Garden Sports on the year before, so Madison Square Garden Sports grew faster. Brightstar Lottery kept 5.9% of its revenue as net profit, Madison Square Garden Sports 0.7%. Free cash flow was -$415M at Brightstar Lottery and $61.3M at Madison Square Garden Sports.

Side by side, latest fiscal year

BRSLMSGS
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$2.5B$1.2B
Revenue growth-0.0%+11.0%
Net income$147M$7.8M
Net margin5.9%0.7%
Free cash flow-$415M$61.3M
Free cash flow margin-16.5%5.3%
Earnings per share (diluted)$0.74$0.32
Cash$1.4B$164.5M
Debt$4.2B$242M
Price to earningsn/a1258.9
Market value$1.8B$9.7B
Dividend yieldn/a1.74%
Rank by revenue in sector#322 of 778 · Consumer discretionary#441 of 778 · Consumer discretionary

Over the years

Revenue
BRSL FY2018: $4BBRSL FY2019: $4BBRSL FY2020: $3.1BBRSL FY2021: $4.1BBRSL FY2022: $2.6BBRSL FY2023: $2.5BBRSL FY2024: $2.5BBRSL FY2025: $2.5BMSGS FY2019: $1.6BMSGS FY2020: $603.3MMSGS FY2021: $415.7MMSGS FY2022: $821.4MMSGS FY2023: $887.4MMSGS FY2024: $1BMSGS FY2025: $1BMSGS FY2026: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
BRSL $2.5BMSGS $1.2B
Net income
BRSL FY2018: -$21.4MBRSL FY2019: -$19MBRSL FY2020: -$898MBRSL FY2021: $482MBRSL FY2022: $275MBRSL FY2023: $156MBRSL FY2024: $348MBRSL FY2025: $147MMSGS FY2019: $11.4MMSGS FY2020: -$182.4MMSGS FY2021: -$14MMSGS FY2022: $51.1MMSGS FY2023: $47.8MMSGS FY2024: $58.8MMSGS FY2025: -$22.4MMSGS FY2026: $7.8MFY18FY19FY20FY21FY22FY23FY24FY25FY26
BRSL $147MMSGS $7.8M
Net margin
BRSL FY2018: -0.5%BRSL FY2019: -0.5%BRSL FY2020: -28.8%BRSL FY2021: 11.8%BRSL FY2022: 10.6%BRSL FY2023: 6.2%BRSL FY2024: 13.9%BRSL FY2025: 5.9%MSGS FY2019: 0.7%MSGS FY2020: -30.2%MSGS FY2021: -3.4%MSGS FY2022: 6.2%MSGS FY2023: 5.4%MSGS FY2024: 5.7%MSGS FY2025: -2.2%MSGS FY2026: 0.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
BRSL 5.9%MSGS 0.7%
Revenue growth
BRSL FY2019: +1.3%BRSL FY2020: -22.7%BRSL FY2021: +31.3%BRSL FY2022: -36.5%BRSL FY2023: -2.6%BRSL FY2024: -0.7%BRSL FY2025: -0.0%MSGS FY2020: -63.0%MSGS FY2021: -31.1%MSGS FY2022: +97.6%MSGS FY2023: +8.0%MSGS FY2024: +15.7%MSGS FY2025: +1.2%MSGS FY2026: +11.0%FY19FY20FY21FY22FY23FY24FY25FY26
BRSL -0.0%MSGS +11.0%
Free cash flow
BRSL FY2018: -$442.7MBRSL FY2019: $716MBRSL FY2020: $611MBRSL FY2021: $740MBRSL FY2022: $737MBRSL FY2023: $865MBRSL FY2024: $901MBRSL FY2025: -$415MMSGS FY2019: -$27.6MMSGS FY2020: -$358.9MMSGS FY2021: -$35.8MMSGS FY2022: $177.1MMSGS FY2023: $151.3MMSGS FY2024: $90.7MMSGS FY2025: $88MMSGS FY2026: $61.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
BRSL -$415MMSGS $61.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Brightstar Lottery and Madison Square Garden Sports

Which is bigger by revenue, Brightstar Lottery or Madison Square Garden Sports?

Brightstar Lottery is bigger by revenue: $2.5B in fiscal 2025, against $1.2B for Madison Square Garden Sports in fiscal 2026.

Which keeps more of its revenue as profit, Brightstar Lottery or Madison Square Garden Sports?

Brightstar Lottery had a net margin of 5.9% in fiscal 2025; Madison Square Garden Sports had 0.7% in fiscal 2026.

Which grew revenue faster, Brightstar Lottery or Madison Square Garden Sports?

In their latest fiscal years revenue changed by -0.0% at Brightstar Lottery and +11.0% at Madison Square Garden Sports.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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