Madison Square Garden Sports Corp (MSGS)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 58,771 | 47,793 | 51,131 | -13,954 | -182,388 |
| Revenue | US$ in thousands | 1,027,150 | 864,563 | 988,315 | 552,189 | 737,739 |
| Net profit margin | 5.72% | 5.53% | 5.17% | -2.53% | -24.72% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $58,771K ÷ $1,027,150K
= 5.72%
Madison Square Garden Sports Corp's net profit margin has shown a fluctuating trend over the past five years. In the most recent fiscal year ending June 30, 2024, the company's net profit margin improved to 5.72%, indicating that the company generated $0.0572 of net profit for every dollar of revenue earned. This uptick in profitability suggests efficient cost management or revenue growth measures.
Comparing this with the previous years, we observe a steady increase in net profit margin from 2020 to 2022, demonstrating an improvement in the company's efficiency and profitability. However, in June 2021, the net profit margin turned negative at -2.53%, indicating that the company incurred losses during that period.
The significant negative net profit margin in 2020 at -24.72% reflects a challenging year for the company, possibly due to exceptional circumstances or financial challenges. Overall, the recent increase in net profit margin is a positive sign for Madison Square Garden Sports Corp, indicating improved financial performance and profitability.
Peer comparison
Jun 30, 2024