Which has grown faster, MSGM or REFR?

Over the past five years, REFR grew revenue faster — MSGM at a -2.69% CAGR versus REFR at 0.98%.

Is MSGM or REFR more profitable?

MSGM runs the higher net margin — MSGM at 16.16% versus REFR at -343.85%.

How have MSGM and REFR total returns compared?

Over the past 5 years, MSGM delivered -47.59% and REFR delivered -21.61% annualized total return. Past performance doesn't predict future results.

Motorsport Games Inc. (MSGM) vs Research Frontiers Incorporated (REFR)

A side-by-side comparison of Motorsport Games Inc. and Research Frontiers Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

MSGM

Motorsport Games Inc.

$28M

$5.20TechnologyDelayed quote: Oct 6, 2026, 1:25 PM EDT

REFR

Research Frontiers Incorporated

$25M

$0.72TechnologyDelayed quote: Oct 6, 2026, 1:23 PM EDT

Total return — MSGM vs REFR

growth of $100 · dividends reinvested · last 6y

MSGM -98.5% (-50.1%/yr)REFR -74.4% (-20.3%/yr)REFR compounded faster over this window

Log scale — wide-divergence pair

MSGM REFR

MSGM vs REFR: by the numbers

•MSGM is the larger company ($28M vs $25M market cap).
•MSGM is profitable (16.16% net margin) while REFR runs a net loss (-343.85%).
•REFR grew revenue faster over the past five years (0.98% vs -2.69% CAGR).

Metrics side by side

Valuation

Metric	MSGM	REFR
P/E ratio	12.38	N/A
Forward P/E	8.00	N/A
P/S ratio	1.94	38.45
P/B ratio	7.24	22.40
EV / EBITDA	9.40	N/A
FCF yield	18.40%	N/A

Profitability

Metric	MSGM	REFR
Gross margin	83.55%	86.55%
Operating margin	10.25%	-190.16%
Net margin	16.16%	-343.85%
ROE	60.39%	-200.30%
ROIC	18.36%	-110.32%

Growth (annualized)

Metric	MSGM	REFR
Revenue CAGR (5Y)	-2.69%	0.98%
Total return CAGR (5Y)	-47.59%	-21.61%

Frequently asked

Which has grown faster, MSGM or REFR?: Over the past five years, REFR grew revenue faster — MSGM at a -2.69% CAGR versus REFR at 0.98%.
Is MSGM or REFR more profitable?: MSGM runs the higher net margin — MSGM at 16.16% versus REFR at -343.85%.
How have MSGM and REFR total returns compared?: Over the past 5 years, MSGM delivered -47.59% and REFR delivered -21.61% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MSGM analysis Full REFR analysis Interactive comparison tool

Dig into the metrics

Motorsport Games P/E ratio Motorsport Games ROE Research Frontiers ROE Motorsport Games operating margin Research Frontiers operating margin Motorsport Games revenue growth Research Frontiers revenue growth Motorsport Games free cash flow Research Frontiers free cash flow

Motorsport Games & Research Frontiers appear in these rankings

Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.