ESBA vs KRC vs MSGS Stock Comparison

Empire State Realty OP, Kilroy Realty and Madison Square Garden Sports Prices as of Oct 27, 2026 Peers: Industry group
KRC Kilroy Realty Corp
$35.98 +5.2% 1M -12.8% 1Y
Market cap
$4.16B
P/E
145.5x
Revenue (TTM)
$1.09B
Div. yield
0.06%
Office REITs Real Estate
4 wins

Head to Head

9 decided of 12

Madison Square Garden Sports leads on 5 of the 12 questions below (Madison Square Garden Sports 5, Kilroy Realty 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionESBAKRCMSGSLeader
Larger companyMarket capitalisation $1.31B $4.16B $9.26B MSGS
Cheaper on earningsLower P/E, profitable companies only 259.5x 145.5x 1,197x KRC
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 156.4x — –
Faster revenue growthRevenue growth, trailing twelve months +2.0% -3.6% +11.0% MSGS
More profitableNet margin, trailing twelve months 0.6% 2.6% 0.7% KRC
Better return on capitalReturn on invested capital -1.1% — — –
Less leveragedLower net debt / EBITDA 5.0x — 2.9x MSGS
Higher dividend yieldTrailing dividend yield 0.00% 0.06% 0.00% –
Better 1-year returnPrice return, last 12 months -36.1% -12.8% +68.6% MSGS
Better 5-year returnAnnualised price return, 5 years -13.2%/yr -12.0%/yr +15.9%/yr MSGS
Less volatileAnnualised volatility, 1 year 51.7% 29.2% 29.7% KRC
Higher overall scoreMean of the five percentile scores vs peers 33/100 44/100 37/100 KRC

Percentile Scorecard

ESBAKRCMSGS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisESBAKRCMSGS
Valuation 69 #46 of 145 71 #43 of 145 16 #37 of 44
Growth 2 #138 of 141 1 #140 of 141 45 #24 of 43
Profitability 27 #98 of 134 45 #74 of 134 45 #23 of 41
Financial Health 57 #60 of 138 64 #50 of 138 41 #28 of 47
Shareholder Returns 12 #116 of 131 42 #77 of 131 –
Overall 33 44 37
  • ESBA ranked among 149 companies in Property REITs
  • KRC ranked among 149 companies in Property REITs
  • MSGS ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodESBAKRCMSGSSPY
1 month +22.0%+5.2%-4.6% -0.2%
3 months -12.9%-7.0%-3.2% +3.9%
6 months -14.1%+5.5%+14.7% +8.2%
Year to date -22.5%-3.7%+48.6% +12.9%
1 year -36.1%-12.8%+68.6% +12.3%
3 years -38.1%+30.3%+132.7% +87.4%
3 years, per year -14.8%+9.2%+32.5% +23.3%
5 years -50.6%-47.1%+108.8% +67.9%
5 years, per year -13.2%-12.0%+15.9% +10.9%
10 years -74.7%-49.0%+135.9% +261.1%
10 years, per year -12.9%-6.5%+9.0% +13.7%

Risk

MeasureESBAKRCMSGSSPY
Volatility, 1Y 51.7%29.2%29.7% 12.7%
Downside volatility, 1Y 61.1%30.1%23.8% 12.7%
Beta vs S&P 500, 1Y 0.420.560.53 1.00
Return / volatility, 1Y -0.70-0.442.31 0.97
Max drawdown, 5Y -66.4%-67.0%-32.0% -25.4%
From 52-week high -37.0%-17.2%-7.6% -1.2%
52-week high $7.75$43.48$416.24 $779.14
52-week low $3.85$27.72$212.91 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleESBAKRCMSGS
P/E now vs peer median 259.5xmedian 26.3x 146.4xmedian 26.3x 1,197xmedian 17.0x
P/S now vs peer median 1.7xmedian 4.0x 3.9xmedian 4.0x 8.0xmedian 1.9x
EV/EBITDA now vs peer median 12.6xmedian 14.4x —median 14.4x 291.8xmedian 10.8x
P/FCF now vs peer median -3.0xmedian 23.3x -59.6xmedian 23.3x 151.1xmedian 11.2x
P/B now vs peer median 0.7xmedian 1.3x 0.8xmedian 1.3x -35.2xmedian 2.4x
PEG now vs peer median -4.34median 1.91 -2.98median 1.91 -26.31median 0.56

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsESBAKRCMSGS
Revenue $784.18M $1.09B $1.15B
Gross profit – – $320.12M
Operating income -$34.52M – $28.87M
Net income $9.26M $47.42M $7.76M
Free cash flow -$437.31M -$70.24M $61.26M
EPS (diluted) $0.02 $0.24 $0.32
Cash & equivalents $85.61M $94.30M $164.51M
Total debt $4.54B $4.38B $1.10B
Shares (diluted) 268.95M 117.24M 24.25M
Enterprise value $871.27M $3.31B $8.86B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricESBAKRCMSGS
P/E 259.5x 146.4x 1,197x
P/FCF -3.0x -59.6x 151.1x
P/Operating cash flow 5.8x 8.5x 147.7x
P/S 1.7x 3.9x 8.0x
P/B 0.7x 0.8x -35.2x
P/Tangible book 0.7x 0.8x -25.2x
EV/EBITDA 12.6x – 291.8x
EV/EBIT -63.2x – 323.9x
EV/Revenue 2.8x 7.8x 8.1x
EV/FCF -5.0x -120.1x 152.7x
EV/Operating cash flow 9.6x 17.1x 149.2x
PEG (3Y EPS CAGR) -4.34 -2.98 -26.31

Growth

14 metrics
MetricESBAKRCMSGS
Revenue growth (1Y) 2.0% -3.6% 11.0%
Revenue CAGR (3Y) 2.9% -1.7% 9.1%
Gross profit growth (1Y) – – 12.7%
Gross profit CAGR (3Y) – – -1.9%
Operating income growth (1Y) -123.1% – 94.9%
Operating income CAGR (3Y) -31.0% – -30.3%
Net income growth (1Y) -86.5% -86.5% 134.6%
Net income CAGR (3Y) -51.3% -42.1% -45.2%
EPS growth (1Y) -92.1% -91.0% 134.3%
EPS CAGR (3Y) -59.8% -49.1% -45.5%
Operating cash flow growth (1Y) -13.3% -12.6% -31.6%
Operating cash flow CAGR (3Y) -0.8% -6.3% -25.7%
Free cash flow growth (1Y) -169.4% -237.0% -30.4%
Free cash flow CAGR (3Y) -149.9% -52.0% -26.0%

Profitability

14 metrics
MetricESBAKRCMSGS
Gross margin – – 27.7%
EBITDA margin 22.1% – 2.8%
Operating margin -4.4% – 2.5%
Pretax margin 1.3% – 1.6%
Net margin 0.6% 2.6% 0.7%
FCF margin -55.8% -6.5% 5.3%
Operating cash flow margin 29.0% 45.5% 5.4%
Return on equity 0.5% 0.9% –
Return on assets 0.2% 0.4% 0.5%
Return on invested capital -1.1% – –
Return on capital employed – – 3.3%
Asset turnover 0.2x 0.1x 0.8x
Cash conversion (OCF / net income) 24.6x 10.4x 8.1x
Stock comp / revenue 3.9% 1.5% 1.9%

Financial Health

11 metrics
MetricESBAKRCMSGS
Debt / assets 22.4% 41.8% 16.8%
Debt / equity 0.5x 0.8x -1.0x
Net debt / EBITDA 5.0x – 2.9x
Debt / FCF -2.2x -62.3x 4.2x
Liabilities / assets 58.1% 48.4% 117.1%
Equity / assets 41.9% 51.6% -17.1%
Interest coverage -0.3x – 1.4x
Current ratio – – 0.5x
Quick ratio – – 0.4x
Cash ratio – – 0.3x
Altman Z-score – – 3.53

Shareholder Returns

7 metrics
MetricESBAKRCMSGS
Dividend yield 3.3% 6.0% –
Net buyback yield – 1.7% –
Shareholder yield 3.3% 7.7% 0.0%
Payout ratio (earnings) – 539.6% –
Payout ratio (FCF) – -364.3% –
Dividend growth (1Y) – -0.7% –
Dividend CAGR (3Y) – 0.1% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusESBAKRCMSGS
Forward P/E – 156.4xFY2026 –
EPS, next fiscal year – $0.23FY2026 $-1.03FY2027
EPS growth, next FY – -90.1%FY2026 -421.9%FY2027
EPS growth, the year after – +82.6% –
Revenue, next fiscal year – $1.13BFY2026 $1.06BFY2027
Revenue growth, next FY – +2.1%FY2026 -7.9%FY2027
Revenue growth, the year after – +0.9% +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersESBAKRCMSGS
Held by institutions – 100.0% 81.3%
Institutions holding – 385 463
Change in shares held, QoQ – +0.0% +10.3%
Institutions buying – 212 247
Institutions selling – 121 136
Buyers to sellers – 1.75 1.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ESBAKRCMSGS
ESBA 1.00 0.14 -0.01
KRC 0.14 1.00 0.11
MSGS -0.01 0.11 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ESBA, KRC and MSGS?

Madison Square Garden Sports (MSGS) is the largest by market capitalisation: Empire State Realty OP (ESBA) $1.31B, Kilroy Realty (KRC) $4.16B, Madison Square Garden Sports (MSGS) $9.26B.

Which stock is cheaper, ESBA, KRC and MSGS?

Kilroy Realty (KRC) trades on the lowest price-to-earnings ratio (Empire State Realty OP (ESBA) 259.5x, Kilroy Realty (KRC) 145.5x, Madison Square Garden Sports (MSGS) 1,197x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Madison Square Garden Sports (MSGS) grew revenue fastest over the trailing twelve months: Empire State Realty OP (ESBA) +2.0%, Kilroy Realty (KRC) -3.6%, Madison Square Garden Sports (MSGS) +11.0%.

Which company is more profitable?

Kilroy Realty (KRC) has the highest net margin (Empire State Realty OP (ESBA) 0.6%, Kilroy Realty (KRC) 2.6%, Madison Square Garden Sports (MSGS) 0.7%).

Which stock has performed better?

Over the past year Madison Square Garden Sports (MSGS) returned the most: Empire State Realty OP (ESBA) -36.1%, Kilroy Realty (KRC) -12.8%, Madison Square Garden Sports (MSGS) +68.6%. Over five years, Madison Square Garden Sports (MSGS) compounded fastest (Empire State Realty OP (ESBA) -13.2%/yr, Kilroy Realty (KRC) -12.0%/yr, Madison Square Garden Sports (MSGS) +15.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Empire State Realty OP (ESBA) 0.00%, Kilroy Realty (KRC) 0.06%, Madison Square Garden Sports (MSGS) 0.00%. Empire State Realty OP (ESBA) and Madison Square Garden Sports (MSGS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Kilroy Realty (KRC) has been the steadiest (Empire State Realty OP (ESBA) 51.7%, Kilroy Realty (KRC) 29.2%, Madison Square Garden Sports (MSGS) 29.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ESBA, KRC and MSGS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Madison Square Garden Sports (MSGS) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.