Madison Square Garden Sports Corp (MSGS)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 282,498 | 352,898 | 401,176 | 413,843 | 409,055 | 336,882 | 324,435 | 357,754 | 338,636 | 374,432 | 362,240 | 330,982 | 320,790 | 286,420 | 211,419 | 126,795 | 133,831 | 61,191 | 155,991 | 401,348 |
| Revenue (ttm) | US$ in thousands | 1,039,220 | 1,062,514 | 1,068,271 | 1,037,410 | 1,027,149 | 926,818 | 879,608 | 906,404 | 887,447 | 935,732 | 890,762 | 826,649 | 821,354 | 793,051 | 638,287 | 377,477 | 415,721 | 261,859 | 502,811 | 1,102,845 |
| Gross profit margin | 27.18% | 33.21% | 37.55% | 39.89% | 39.82% | 36.35% | 36.88% | 39.47% | 38.16% | 40.01% | 40.67% | 40.04% | 39.06% | 36.12% | 33.12% | 33.59% | 32.19% | 23.37% | 31.02% | 36.39% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $282,498K ÷ $1,039,220K
= 27.18%
The gross profit margin of Madison Square Garden Sports Corp has exhibited notable fluctuations over the analyzed period from September 2020 through June 2025. Beginning at 36.39% in September 2020, the margin declined notably to 23.37% by March 2021, reflecting potential impacts such as decreased revenue streams or increased costs during that period. Subsequently, the gross profit margin experienced a recovery, rising to over 40% by December 2022, with a peak of approximately 40.67% in December 2022.
Throughout 2023, the margin remained relatively stable, oscillating around the 39% to 40% range, indicative of a period of operational stability. However, starting in 2024, the gross profit margin demonstrated a downward trend, decreasing to about 36.88% in December 2024 and further declining to 33.21% by March 2025. The latest data point in June 2025 shows a reduced margin of approximately 27.18%.
This pattern suggests periods of recovery following declines, with a recent downward trend indicating potential challenges in maintaining previous profit levels. Factors influencing these fluctuations may include changes in operational efficiencies, revenue composition, cost structures, or external market conditions affecting the company's core operations during this timeframe.
Peer comparison
Jun 30, 2025