FWONK
Formula One Group
Entertainment
Market Cap$20.83B
5Y Perf.+174.4%
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Stock Comparison
FWONK vs MSGS vs TKO vs MSGE
Revenue, margins, valuation, and 5-year total return — side by side.
MSGS
Madison Square Garden Sports Corp.
Entertainment
Market Cap$8.00B
5Y Perf.+94.9%
TKO
TKO Group Holdings, Inc.
Entertainment
Market Cap$36.50B
5Y Perf.+305.3%
MSGE
Madison Square Garden Entertainment Corp.
Entertainment
Market Cap$3.15B
5Y Perf.-15.8%
FWONK vs MSGS vs TKO vs MSGE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FWONK | MSGS | TKO | MSGE |
|---|---|---|---|---|
| Industry | Entertainment | Entertainment | Entertainment | Entertainment |
| Market Cap | $20.83B | $8.00B | $36.50B | $3.15B |
| Revenue (TTM) | $1.02B | $1.07B | $5.06B | $1.16B |
| Net Income (TTM) | $449M | $-17M | $385M | $42M |
| Gross Margin | -18.4% | 25.9% | 34.5% | 31.5% |
| Operating Margin | -3.4% | 0.4% | 20.0% | 10.1% |
| Forward P/E | 57.5x | — | 38.1x | 56.8x |
| Total Debt | $0.00 | $1.18B | $4.06B | $1.20B |
| Cash & Equiv. | $1.05B | $153M | $831M | $43M |
FWONK vs MSGS vs TKO vs MSGE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
FWONK
MSGS
TKO
MSGE
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Formula One Group (FWONK) | 100 | 274.4 | +174.4% |
| Madison Square Gard… (MSGS) | 100 | 194.9 | +94.9% |
| TKO Group Holdings,… (TKO) | 100 | 405.3 | +305.3% |
| Madison Square Gard… (MSGE) | 100 | 84.2 | -15.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FWONK vs MSGS vs TKO vs MSGE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: FWONK and TKO are tied at the top with 3 categories each — the right choice depends on your priorities. TKO Group Holdings, Inc. is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. MSGE also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
FWONK
Formula One Group
The Defensive Pick
FWONK carries the broadest edge in this set and is the clearest fit for sleep-well-at-night.
- Lower volatility, beta 0.35
- 43.8% margin vs MSGS's -1.5%
- Beta 0.35 vs MSGE's 0.94
- 42.6% ROA vs MSGS's -1.1%
Best for: sleep-well-at-night
MSGS
Madison Square Garden Sports Corp.
The Lower-Volatility Pick
MSGS lags the leaders in this set but could rank higher in a more targeted comparison.
Best for: communication services exposure
TKO
TKO Group Holdings, Inc.
The Income Pick
TKO is the #2 pick in this set and the best alternative if income & stability and growth exposure is your priority.
- Dividend streak 1 yrs, beta 0.64, yield 1.8%
- Rev growth 68.9%, EPS growth 40.3%, 3Y rev CAGR 60.7%
- 10.6% 10Y total return vs FWONK's 418.1%
- Beta 0.64, yield 1.8%, current ratio 1.26x
Best for: income & stability and growth exposure
MSGE
Madison Square Garden Entertainment Corp.
The Momentum Pick
MSGE is the clearest fit if your priority is momentum.
- +83.6% vs FWONK's -0.1%
Best for: momentum
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TKO | 68.9% revenue growth vs FWONK's -100.0% |
| Value | TKO | Lower P/E (38.1x vs 56.8x) |
| Quality / Margins | FWONK | 43.8% margin vs MSGS's -1.5% |
| Stability / Safety | FWONK | Beta 0.35 vs MSGE's 0.94 |
| Dividends | TKO | 1.8% yield; 1-year raise streak; the other 3 pay no meaningful dividend |
| Momentum (1Y) | MSGE | +83.6% vs FWONK's -0.1% |
| Efficiency (ROA) | FWONK | 42.6% ROA vs MSGS's -1.1% |
FWONK vs MSGS vs TKO vs MSGE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
Segment breakdown not available.
FY 2025
FWONK vs MSGS vs TKO vs MSGE — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMSGELAGGINGMSGS
Who Leads Where
MSGE leads in 3 of 6 categories
TKO leads 2 • FWONK leads 0 • MSGS leads 0 • 1 tied
Explore the data ↓MSGSMadison Square Garden…
0leads
FWONKFormula One Group
0leads
TKOTKO Group Holdings, I…
2leads
MSGEMadison Square Garden…
3leads
6 Total Categories
CATEGORYLEADERvs TKOvs FWONKMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
TKO3/6
Valuation MetricsMultiples, price ratios, and targets
MSGE2/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MSGE4/8
Total Returns1Y, 3Y, 5Y total returns with dividends
MSGE3/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
TKO2/2
Income & Cash Flow (Last 12 Months)
TKO leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TKO is the larger business by revenue, generating $5.1B annually — 4.9x FWONK's $1.0B. FWONK is the more profitable business, keeping 43.8% of every revenue dollar as net income compared to MSGS's -1.5%. On growth, MSGE holds the edge at +59.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | FWONKFormula One Group | MSGSMadison Square Ga… | TKOTKO Group Holding… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| RevenueTrailing 12 months | $1.0B | $1.1B | $5.1B | $1.2B |
| EBITDAEarnings before interest/tax | $231M | $8M | $1.5B | $245M |
| Net IncomeAfter-tax profit | $449M | -$17M | $385M | $42M |
| Free Cash FlowCash after capex | $279M | $3M | $1.8B | $289M |
| Gross MarginGross profit ÷ Revenue | -18.4% | +25.9% | +34.5% | +31.5% |
| Operating MarginEBIT ÷ Revenue | -3.4% | +0.4% | +20.0% | +10.1% |
| Net MarginNet income ÷ Revenue | +43.8% | -1.5% | +7.6% | +3.6% |
| FCF MarginFCF ÷ Revenue | +27.3% | +0.3% | +35.0% | +25.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | -2.6% | +12.8% | +25.9% | +59.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +100.0% | +6.5% | +62.3% | -123.5% |
TKO leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
MSGE leads this category, winning 2 of 5 comparable metrics.
Valuation Metrics
At 83.0x trailing earnings, TKO trades at a 4% valuation discount to MSGE's 86.6x P/E. On an enterprise value basis, MSGE's 24.0x EV/EBITDA is more attractive than MSGS's 501.2x.
| Metric | FWONKFormula One Group | MSGSMadison Square Ga… | TKOTKO Group Holding… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| Market CapShares × price | $20.8B | $8.0B | $36.5B | $3.2B |
| Enterprise ValueMkt cap + debt − cash | $19.8B | $9.0B | $39.7B | $4.3B |
| Trailing P/EPrice ÷ TTM EPS | — | -357.55x | 82.98x | 86.64x |
| Forward P/EPrice ÷ next-FY EPS est. | 57.49x | — | 38.12x | 56.83x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 69.62x | — |
| EV / EBITDAEnterprise value multiple | — | 501.20x | 27.47x | 23.97x |
| Price / SalesMarket cap ÷ Revenue | — | 7.70x | 7.71x | 3.35x |
| Price / BookPrice ÷ Book value/share | — | — | 3.93x | — |
| Price / FCFMarket cap ÷ FCF | 22.94x | 90.96x | 31.50x | 33.88x |
MSGE leads this category, winning 2 of 5 comparable metrics.
Profitability & Efficiency
MSGE leads this category, winning 4 of 8 comparable metrics.
Profitability & Efficiency
MSGE delivers a 7.7% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $4 for TKO. On the Piotroski fundamental quality scale (0–9), MSGE scores 6/9 vs FWONK's 3/9, reflecting solid financial health.
| Metric | FWONKFormula One Group | MSGSMadison Square Ga… | TKOTKO Group Holding… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| ROE (TTM)Return on equity | — | — | +4.1% | +7.7% |
| ROA (TTM)Return on assets | +42.6% | -1.1% | +2.5% | +1.8% |
| ROICReturn on invested capital | — | +1.5% | +6.1% | +8.5% |
| ROCEReturn on capital employed | -0.5% | +1.5% | +7.5% | +11.0% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 | 5 | 6 |
| Debt / EquityFinancial leverage | — | — | 0.44x | — |
| Net DebtTotal debt minus cash | -$1.1B | $1.0B | $3.2B | $1.2B |
| Cash & Equiv.Liquid assets | $1.1B | $153M | $831M | $43M |
| Total DebtShort + long-term debt | $0 | $1.2B | $4.1B | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 3.35x | 0.68x | 6.00x | 4.43x |
MSGE leads this category, winning 4 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
MSGE leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TKO five years ago would be worth $35,640 today (with dividends reinvested), compared to $7,384 for MSGE. Over the past 12 months, MSGE leads with a +83.6% total return vs FWONK's -0.1%. The 3-year compound annual growth rate (CAGR) favors MSGE at 24.9% vs FWONK's 9.3% — a key indicator of consistent wealth creation.
| Metric | FWONKFormula One Group | MSGSMadison Square Ga… | TKOTKO Group Holding… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| YTD ReturnYear-to-date | -4.7% | +28.5% | -9.0% | +22.8% |
| 1-Year ReturnPast 12 months | -0.1% | +74.7% | +12.1% | +83.6% |
| 3-Year ReturnCumulative with dividends | +30.5% | +62.8% | +83.0% | +94.8% |
| 5-Year ReturnCumulative with dividends | +117.7% | +84.5% | +256.4% | -26.2% |
| 10-Year ReturnCumulative with dividends | +418.1% | +321.1% | +1060.3% | -24.6% |
| CAGR (3Y)Annualised 3-year return | +9.3% | +17.6% | +22.3% | +24.9% |
MSGE leads this category, winning 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — FWONK and MSGS each lead in 1 of 2 comparable metrics.
Risk & Volatility
FWONK is the less volatile stock with a 0.35 beta — it tends to amplify market swings less than MSGE's 0.94 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MSGS currently trades 96.2% from its 52-week high vs TKO's 82.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FWONKFormula One Group | MSGSMadison Square Ga… | TKOTKO Group Holding… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.35x | 0.61x | 0.64x | 0.94x |
| 52-Week HighHighest price in past year | $109.36 | $345.50 | $226.94 | $69.86 |
| 52-Week LowLowest price in past year | $80.15 | $186.00 | $152.29 | $35.31 |
| % of 52W HighCurrent price vs 52-week peak | +85.5% | +96.2% | +82.6% | +95.5% |
| RSI (14)Momentum oscillator 0–100 | 54.6 | 54.4 | 50.5 | 67.6 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 223K | 1.3M | 312K |
Evenly matched — FWONK and MSGS each lead in 1 of 2 comparable metrics.
Analyst Outlook
TKO leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: FWONK as "Buy", MSGS as "Buy", TKO as "Buy", MSGE as "Buy". Consensus price targets imply 26.2% upside for TKO (target: $237) vs -0.6% for MSGE (target: $66). TKO is the only dividend payer here at 1.76% yield — a key consideration for income-focused portfolios.
| Metric | FWONKFormula One Group | MSGSMadison Square Ga… | TKOTKO Group Holding… | MSGEMadison Square Ga… |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $116.33 | $363.67 | $236.67 | $66.29 |
| # AnalystsCovering analysts | 24 | 29 | 19 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | +0.0% | +1.8% | — |
| Dividend StreakConsecutive years of raises | 1 | 0 | 1 | — |
| Dividend / ShareAnnual DPS | — | $0.03 | $3.30 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% | +2.4% | +1.3% |
TKO leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
MSGE leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). TKO leads in 2 (Income & Cash Flow, Analyst Outlook). 1 tied.
Best OverallMadison Square Garden Enter… (MSGE)Leads 3 of 6 categories
Loading custom metrics...
FWONK vs MSGS vs TKO vs MSGE: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is FWONK or MSGS or TKO or MSGE a better buy right now?
For growth investors, TKO Group Holdings, Inc.
(TKO) is the stronger pick with 68. 9% revenue growth year-over-year, versus -100. 0% for Formula One Group (FWONK). TKO Group Holdings, Inc. (TKO) offers the better valuation at 83. 0x trailing P/E (38. 1x forward), making it the more compelling value choice. Analysts rate Formula One Group (FWONK) a "Buy" — based on 24 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 — FWONK or MSGS or TKO or MSGE?
On trailing P/E, TKO Group Holdings, Inc.
(TKO) is the cheapest at 83. 0x versus Madison Square Garden Entertainment Corp. at 86. 6x. On forward P/E, TKO Group Holdings, Inc. is actually cheaper at 38. 1x.
03Which is the better long-term investment — FWONK or MSGS or TKO or MSGE?
Over the past 5 years, TKO Group Holdings, Inc.
(TKO) delivered a total return of +256. 4%, compared to -26. 2% for Madison Square Garden Entertainment Corp. (MSGE). Over 10 years, the gap is even starker: TKO returned +1060% versus MSGE's -24. 6%. 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 — FWONK or MSGS or TKO or MSGE?
By beta (market sensitivity over 5 years), Formula One Group (FWONK) is the lower-risk stock at 0.
35β versus Madison Square Garden Entertainment Corp. 's 0. 94β — meaning MSGE is approximately 166% more volatile than FWONK relative to the S&P 500.
05Which is growing faster — FWONK or MSGS or TKO or MSGE?
By revenue growth (latest reported year), TKO Group Holdings, Inc.
(TKO) is pulling ahead at 68. 9% versus -100. 0% for Formula One Group (FWONK). On earnings-per-share growth, the picture is similar: TKO Group Holdings, Inc. grew EPS 40. 3% year-over-year, compared to -138. 1% for Madison Square Garden Sports Corp.. Over a 3-year CAGR, TKO leads at 60. 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 — FWONK or MSGS or TKO or MSGE?
Formula One Group (FWONK) is the more profitable company, earning 43.
8% net margin versus -2. 2% for Madison Square Garden Sports Corp. — meaning it keeps 43. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TKO leads at 20. 3% versus -3. 4% for FWONK. At the gross margin level — before operating expenses — TKO leads at 49. 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 FWONK or MSGS or TKO or MSGE more undervalued right now?
On forward earnings alone, TKO Group Holdings, Inc.
(TKO) trades at 38. 1x forward P/E versus 57. 5x for Formula One Group — 19. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TKO: 26. 2% to $236. 67.
08Which pays a better dividend — FWONK or MSGS or TKO or MSGE?
In this comparison, TKO (1.
8% yield) pays a dividend. FWONK, MSGS, MSGE do not pay a meaningful dividend and should not be held primarily for income.
09Is FWONK or MSGS or TKO or MSGE better for a retirement portfolio?
For long-horizon retirement investors, TKO Group Holdings, Inc.
(TKO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 64), 1. 8% yield, +1060% 10Y return). Both have compounded well over 10 years (TKO: +1060%, MSGE: -24. 6%), 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 FWONK and MSGS and TKO and MSGE?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FWONK is a mid-cap quality compounder stock; MSGS is a small-cap quality compounder stock; TKO is a mid-cap high-growth stock; MSGE is a small-cap quality compounder stock. TKO pays a dividend while FWONK, MSGS, MSGE 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.
Find Stocks Like These
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- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 6%
- Gross Margin > 15%
- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 29%
- Gross Margin > 18%
Revenue Growth>
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