Madison Square Garden Sports Corp (MSGS)
Gross profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 142,703 | 54,889 | 57,374 | 80,483 | 59,408 | 284,500 | 264,640 | 249,632 | 250,489 | 175,461 | 122,559 | 48,626 | 56,160 | -61,996 | -182,056 | -40,945 | -78,096 | 192,420 | 366,245 | 366,193 |
| Revenue (ttm) | US$ in thousands | 1,027,149 | 903,934 | 856,724 | 883,520 | 864,563 | 1,102,693 | 1,057,723 | 993,610 | 988,315 | 929,519 | 774,755 | 513,945 | 552,189 | 396,279 | 480,900 | 744,927 | 737,739 | 873,835 | 1,123,394 | 1,462,783 |
| Gross profit margin | 13.89% | 6.07% | 6.70% | 9.11% | 6.87% | 25.80% | 25.02% | 25.12% | 25.35% | 18.88% | 15.82% | 9.46% | 10.17% | -15.64% | -37.86% | -5.50% | -10.59% | 22.02% | 32.60% | 25.03% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $142,703K ÷ $1,027,149K
= 13.89%
Madison Square Garden Sports Corp's gross profit margin has exhibited fluctuations over the past several quarters. The trend shows volatility, with varying levels of profitability over time. In the most recent quarter ending June 30, 2024, the gross profit margin stood at 13.89%, reflecting an improvement compared to the previous quarter.
However, it is noteworthy that the gross profit margin had significantly decreased in the prior three quarters, hitting negative figures in the first quarter of 2021. This could indicate challenges in managing production costs, pricing strategies, or changes in revenue streams during those periods.
Overall, the analysis suggests that Madison Square Garden Sports Corp has experienced shifts in its profitability at the gross level, emphasizing the importance of closely monitoring and managing cost structures and revenue generation strategies to ensure sustainable performance.
Peer comparison
Jun 30, 2024