Madison Square Garden Sports Corp (MSGS)
Gross profit margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 280,884 | 410,635 | 338,636 | 320,790 | 133,831 |
| Revenue | US$ in thousands | 1,039,220 | 1,027,150 | 887,447 | 821,354 | 415,721 |
| Gross profit margin | 27.03% | 39.98% | 38.16% | 39.06% | 32.19% |
June 30, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $280,884K ÷ $1,039,220K
= 27.03%
The gross profit margin of Madison Square Garden Sports Corp has exhibited notable fluctuations over the period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the gross profit margin stood at approximately 32.19%, indicating a relatively modest ability to retain gross profit from revenues after deducting cost of goods sold. By June 30, 2022, this margin increased significantly to approximately 39.06%, reflecting improved efficiency in generating gross profit relative to sales, possibly due to operational efficiencies, revenue growth, or a favorable shift in cost structure.
This upward trend continued into June 30, 2023, with the gross profit margin approximately 38.16%, showing a slight decrease from the previous year but maintaining a high level of gross profitability. The margin further increased to approximately 39.98% by June 30, 2024, approaching nearly 40%, which signifies a period of strong gross profitability and favorable margins likely driven by effective cost management, premium revenue streams, or portfolio performance.
However, the margin experienced a substantial decline by June 30, 2025, falling to approximately 27.03%. This decrease indicates a significant reduction in gross profit relative to revenue, which could be attributed to increased costs, declining revenues, or a combination of both factors. The sharp drop suggests potential challenges in maintaining previous levels of gross profitability, possibly due to market pressures, operational inefficiencies, or changes in revenue composition.
Overall, the gross profit margin trajectory indicates periods of robust profitability growth interrupted by a notable downturn in 2025, warranting further examination of underlying operational and market factors influencing cost structures and revenue generation within the period.
Peer comparison
Jun 30, 2025