Madison Square Garden Sports Corp (MSGS)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 141,125 | 57,789 | 248,598 | 53,510 | 26,575 |
| Revenue | US$ in thousands | 1,027,150 | 864,563 | 988,315 | 552,189 | 737,739 |
| Gross profit margin | 13.74% | 6.68% | 25.15% | 9.69% | 3.60% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $141,125K ÷ $1,027,150K
= 13.74%
Madison Square Garden Sports Corp's gross profit margin has shown fluctuations over the past five years. In 2024, the gross profit margin improved significantly to 13.74% from 6.68% in 2023. This indicates that the company was able to generate more profit from its sales after accounting for the cost of goods sold. The increase in gross profit margin could be attributed to various factors such as better cost management, pricing strategies, or an increase in revenue.
Comparing the 2024 gross profit margin to the margins in previous years, it is notably higher than the margins of 9.69% in 2021 and 3.60% in 2020. This suggests that Madison Square Garden Sports Corp's profitability has improved significantly over the past two years.
However, the 2024 gross profit margin of 13.74% is still lower than the exceptionally high margin of 25.15% in 2022. This indicates that the company may have faced challenges in maintaining or further improving its profitability in 2024 compared to the previous year.
Overall, Madison Square Garden Sports Corp's gross profit margin is trending upwards and showing positive signs of improvement, which is a good indicator of the company's ability to effectively manage its costs and generate profits.
Peer comparison
Jun 30, 2024