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EEX vs MSGE vs LYV vs EVCM
Revenue, margins, valuation, and 5-year total return — side by side.
Entertainment
Entertainment
Software - Infrastructure
EEX vs MSGE vs LYV vs EVCM — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Advertising Agencies | Entertainment | Entertainment | Software - Infrastructure |
| Market Cap | $950M | $3.15B | $38.65B | $2.09B |
| Revenue (TTM) | $463M | $1.16B | $25.61B | $594M |
| Net Income (TTM) | $-31M | $42M | $84M | $32M |
| Gross Margin | 56.9% | 31.5% | 40.3% | 77.5% |
| Operating Margin | 15.6% | 10.1% | 3.4% | 9.7% |
| Forward P/E | 24.6x | 56.8x | 115.8x | 16.7x |
| Total Debt | $512M | $1.20B | $12.44B | $537M |
| Cash & Equiv. | $7M | $43M | $7.11B | $130M |
EEX vs MSGE vs LYV vs EVCM — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 21 | May 26 | Return |
|---|---|---|---|
| Emerald Holding, In… (EEX) | 100 | 121.5 | +21.5% |
| Madison Square Gard… (MSGE) | 100 | 95.4 | -4.6% |
| Live Nation Enterta… (LYV) | 100 | 210.8 | +110.8% |
| EverCommerce Inc. (EVCM) | 100 | 67.1 | -32.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EEX vs MSGE vs LYV vs EVCM
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EEX is the #2 pick in this set and the best alternative if income & stability is your priority.
- Dividend streak 1 yrs, beta 0.87, yield 1.2%
- 16.2% revenue growth vs EVCM's -15.7%
- 1.2% yield; 1-year raise streak; the other 3 pay no meaningful dividend
MSGE is the clearest fit if your priority is momentum.
- +83.6% vs EEX's +5.9%
LYV is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 8.8%, EPS growth -108.8%, 3Y rev CAGR 14.7%
- 6.2% 10Y total return vs MSGE's -24.6%
- Lower volatility, beta 0.80, current ratio 1.00x
- Beta 0.80, current ratio 1.00x
EVCM carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (16.7x vs 115.8x)
- 5.5% margin vs EEX's -6.6%
- 2.3% ROA vs EEX's -2.6%, ROIC 3.9% vs 8.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 16.2% revenue growth vs EVCM's -15.7% | |
| Value | Lower P/E (16.7x vs 115.8x) | |
| Quality / Margins | 5.5% margin vs EEX's -6.6% | |
| Stability / Safety | Beta 0.80 vs EVCM's 1.10 | |
| Dividends | 1.2% yield; 1-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +83.6% vs EEX's +5.9% | |
| Efficiency (ROA) | 2.3% ROA vs EEX's -2.6%, ROIC 3.9% vs 8.8% |
EEX vs MSGE vs LYV vs EVCM — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EEX vs MSGE vs LYV vs EVCM — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
EVCM leads in 2 of 6 categories
LYV leads 1 • EEX leads 0 • MSGE leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
EVCM leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LYV is the larger business by revenue, generating $25.6B annually — 55.3x EEX's $463M. EVCM is the more profitable business, keeping 5.5% of every revenue dollar as net income compared to EEX's -6.6%. On growth, MSGE holds the edge at +59.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $463M | $1.2B | $25.6B | $594M |
| EBITDAEarnings before interest/tax | $103M | $245M | $1.6B | $122M |
| Net IncomeAfter-tax profit | -$31M | $42M | $84M | $32M |
| Free Cash FlowCash after capex | $39M | $289M | $1.2B | $85M |
| Gross MarginGross profit ÷ Revenue | +56.9% | +31.5% | +40.3% | +77.5% |
| Operating MarginEBIT ÷ Revenue | +15.6% | +10.1% | +3.4% | +9.7% |
| Net MarginNet income ÷ Revenue | -6.6% | +3.6% | +0.3% | +5.5% |
| FCF MarginFCF ÷ Revenue | +8.5% | +25.0% | +4.8% | +14.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +24.3% | +59.4% | +12.1% | +3.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -7.0% | -123.5% | -4.8% | +2.0% |
Valuation Metrics
Evenly matched — EEX and LYV and EVCM each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 86.6x trailing earnings, MSGE trades at a 30% valuation discount to EVCM's 123.2x P/E. On an enterprise value basis, EEX's 12.6x EV/EBITDA is more attractive than MSGE's 24.0x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $950M | $3.2B | $38.6B | $2.1B |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $4.3B | $44.0B | $2.5B |
| Trailing P/EPrice ÷ TTM EPS | -32.00x | 86.64x | -692.98x | 123.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.62x | 56.83x | 115.80x | 16.68x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 12.58x | 23.97x | 19.89x | 19.72x |
| Price / SalesMarket cap ÷ Revenue | 2.05x | 3.35x | 1.53x | 3.54x |
| Price / BookPrice ÷ Book value/share | 2.82x | — | 21.20x | 3.02x |
| Price / FCFMarket cap ÷ FCF | 22.95x | 33.88x | 115.84x | 19.11x |
Profitability & Efficiency
EVCM leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
MSGE delivers a 7.7% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-8 for EEX. EVCM carries lower financial leverage with a 0.75x debt-to-equity ratio, signaling a more conservative balance sheet compared to LYV's 6.84x. On the Piotroski fundamental quality scale (0–9), EVCM scores 7/9 vs EEX's 4/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -8.2% | +7.7% | +4.4% | +4.5% |
| ROA (TTM)Return on assets | -2.6% | +1.8% | +0.4% | +2.3% |
| ROICReturn on invested capital | +8.8% | +8.5% | +19.7% | +3.9% |
| ROCEReturn on capital employed | +9.8% | +11.0% | +13.4% | +4.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 | 5 | 7 |
| Debt / EquityFinancial leverage | 1.51x | — | 6.84x | 0.75x |
| Net DebtTotal debt minus cash | $505M | $1.2B | $5.3B | $407M |
| Cash & Equiv.Liquid assets | $7M | $43M | $7.1B | $130M |
| Total DebtShort + long-term debt | $512M | $1.2B | $12.4B | $537M |
| Interest CoverageEBIT ÷ Interest expense | 1.38x | 4.43x | 3.68x | 2.19x |
Total Returns (Dividends Reinvested)
LYV leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LYV five years ago would be worth $20,800 today (with dividends reinvested), compared to $6,699 for EVCM. Over the past 12 months, MSGE leads with a +83.6% total return vs EEX's +5.9%. The 3-year compound annual growth rate (CAGR) favors LYV at 28.8% vs EVCM's -1.4% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +5.8% | +22.8% | +14.5% | +2.1% |
| 1-Year ReturnPast 12 months | +5.9% | +83.6% | +24.0% | +16.5% |
| 3-Year ReturnCumulative with dividends | +43.0% | +94.8% | +113.7% | -4.2% |
| 5-Year ReturnCumulative with dividends | -2.9% | -26.2% | +108.0% | -33.0% |
| 10-Year ReturnCumulative with dividends | -70.4% | -24.6% | +622.5% | -33.0% |
| CAGR (3Y)Annualised 3-year return | +12.7% | +24.9% | +28.8% | -1.4% |
Risk & Volatility
Evenly matched — MSGE and LYV each lead in 1 of 2 comparable metrics.
Risk & Volatility
LYV is the less volatile stock with a 0.80 beta — it tends to amplify market swings less than EVCM's 1.10 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MSGE currently trades 95.5% from its 52-week high vs EVCM's 87.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.87x | 0.94x | 0.80x | 1.10x |
| 52-Week HighHighest price in past year | $5.45 | $69.86 | $175.25 | $13.55 |
| 52-Week LowLowest price in past year | $3.32 | $35.31 | $125.34 | $7.66 |
| % of 52W HighCurrent price vs 52-week peak | +88.1% | +95.5% | +94.9% | +87.0% |
| RSI (14)Momentum oscillator 0–100 | 47.9 | 67.6 | 63.6 | 43.3 |
| Avg Volume (50D)Average daily shares traded | 24K | 312K | 2.8M | 131K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: EEX as "Hold", MSGE as "Buy", LYV as "Buy", EVCM as "Buy". Consensus price targets imply 64.6% upside for EEX (target: $8) vs -0.6% for MSGE (target: $66). EEX is the only dividend payer here at 1.25% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $7.90 | $66.29 | $181.00 | $12.25 |
| # AnalystsCovering analysts | 5 | 12 | 44 | 15 |
| Dividend YieldAnnual dividend ÷ price | +1.2% | — | — | — |
| Dividend StreakConsecutive years of raises | 1 | — | 1 | — |
| Dividend / ShareAnnual DPS | $0.06 | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +1.8% | +1.3% | +0.1% | +4.1% |
EVCM leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). LYV leads in 1 (Total Returns). 2 tied.
EEX vs MSGE vs LYV vs EVCM: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is EEX or MSGE or LYV or EVCM a better buy right now?
For growth investors, Emerald Holding, Inc.
(EEX) is the stronger pick with 16. 2% revenue growth year-over-year, versus -15. 7% for EverCommerce Inc. (EVCM). Madison Square Garden Entertainment Corp. (MSGE) offers the better valuation at 86. 6x trailing P/E (56. 8x forward), making it the more compelling value choice. Analysts rate Madison Square Garden Entertainment Corp. (MSGE) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EEX or MSGE or LYV or EVCM?
On trailing P/E, Madison Square Garden Entertainment Corp.
(MSGE) is the cheapest at 86. 6x versus EverCommerce Inc. at 123. 2x. On forward P/E, EverCommerce Inc. is actually cheaper at 16. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — EEX or MSGE or LYV or EVCM?
Over the past 5 years, Live Nation Entertainment, Inc.
(LYV) delivered a total return of +108. 0%, compared to -33. 0% for EverCommerce Inc. (EVCM). Over 10 years, the gap is even starker: LYV returned +622. 5% versus EEX's -70. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EEX or MSGE or LYV or EVCM?
By beta (market sensitivity over 5 years), Live Nation Entertainment, Inc.
(LYV) is the lower-risk stock at 0. 80β versus EverCommerce Inc. 's 1. 10β — meaning EVCM is approximately 38% more volatile than LYV relative to the S&P 500. On balance sheet safety, EverCommerce Inc. (EVCM) carries a lower debt/equity ratio of 75% versus 7% for Live Nation Entertainment, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — EEX or MSGE or LYV or EVCM?
By revenue growth (latest reported year), Emerald Holding, Inc.
(EEX) is pulling ahead at 16. 2% versus -15. 7% for EverCommerce Inc. (EVCM). On earnings-per-share growth, the picture is similar: EverCommerce Inc. grew EPS 143. 5% year-over-year, compared to -123. 9% for Emerald Holding, Inc.. Over a 3-year CAGR, LYV leads at 14. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EEX or MSGE or LYV or EVCM?
Madison Square Garden Entertainment Corp.
(MSGE) is the more profitable company, earning 4. 0% net margin versus -6. 6% for Emerald Holding, Inc. — meaning it keeps 4. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EEX leads at 18. 3% versus 5. 9% for LYV. At the gross margin level — before operating expenses — EVCM leads at 77. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is EEX or MSGE or LYV or EVCM more undervalued right now?
On forward earnings alone, EverCommerce Inc.
(EVCM) trades at 16. 7x forward P/E versus 115. 8x for Live Nation Entertainment, Inc. — 99. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EEX: 64. 6% to $7. 90.
08Which pays a better dividend — EEX or MSGE or LYV or EVCM?
In this comparison, EEX (1.
2% yield) pays a dividend. MSGE, LYV, EVCM do not pay a meaningful dividend and should not be held primarily for income.
09Is EEX or MSGE or LYV or EVCM better for a retirement portfolio?
For long-horizon retirement investors, Live Nation Entertainment, Inc.
(LYV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 80), +622. 5% 10Y return). Both have compounded well over 10 years (LYV: +622. 5%, EVCM: -33. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between EEX and MSGE and LYV and EVCM?
These companies operate in different sectors (EEX (Communication Services) and MSGE (Communication Services) and LYV (Communication Services) and EVCM (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: EEX is a small-cap high-growth stock; MSGE is a small-cap quality compounder stock; LYV is a mid-cap quality compounder stock; EVCM is a small-cap quality compounder stock. EEX pays a dividend while MSGE, LYV, EVCM do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 12%
- Gross Margin > 34%
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- Market Cap > $100B
- Revenue Growth > 29%
- Gross Margin > 18%
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