Madison Square Garden Sports Corp (MSGS)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 594 | 78,547 | 56,937 | 70,050 | 58,771 | 24,023 | 38,525 | 46,792 | 47,086 | 83,531 | 55,655 | 49,009 | 51,131 | 73,563 | 54,528 | -1,942 | -13,954 | -142,093 | -265,590 | -130,824 |
| 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 |
| Net profit margin | 0.06% | 7.39% | 5.33% | 6.75% | 5.72% | 2.59% | 4.38% | 5.16% | 5.31% | 8.93% | 6.25% | 5.93% | 6.23% | 9.28% | 8.54% | -0.51% | -3.36% | -54.26% | -52.82% | -11.86% |
June 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $594K ÷ $1,039,220K
= 0.06%
The net profit margin of Madison Square Garden Sports Corp has experienced significant fluctuations over the period from September 2020 to June 2025. During the latter half of 2020 and the beginning of 2021, the company faced considerable challenges, with net profit margins declining sharply into negative territory, reaching -52.82% in December 2020 and -54.26% in March 2021. These negative margins likely reflect the adverse impact of the COVID-19 pandemic, including event cancellations and restrictions affecting revenue streams.
From June 2021 onward, a notable recovery is observed, with the net profit margin improving from -3.36% in June 2021 to nearly break-even at -0.51% by September 2021. The transformation gains momentum in late 2021, with margins turning positive at 8.54% in December 2021 and sustaining growth through early 2022, reaching 9.28% in March 2022. These positive figures suggest a substantial rebound in profitability, likely driven by the resumption of events, increased attendance, and favorable operational conditions.
Throughout 2022, margins remained relatively stable, oscillating between approximately 5.93% and 8.93%, indicating sustained profitability levels. The first half of 2023 shows continued positive margins, peaking at 8.93% in March 2023, followed by a slight decline to 5.31% in June and 5.16% in September. Despite minor fluctuations, the company maintained a generally profitable stance.
Forecasts into late 2023 and early 2024 depict a decreasing trend, with margins reducing to 2.59% in March 2024. However, a sudden uptick is observed in June 2024, where the net profit margin rises to 5.72%, and further improves to 6.75% in September 2024. This period potentially reflects operational enhancements, cost management, or improved revenue generation.
The most recent data for December 2024 and March 2025 indicates continued profitability, with margins at 5.33% and 7.39% respectively. Nonetheless, the forecast for June 2025 suggests caution with a marginal net profit margin of 0.06%, indicating potential challenges in maintaining profitability levels at that point.
Overall, Madison Square Garden Sports Corp's net profit margin demonstrated a period of adversity in 2020 and early 2021, followed by a robust recovery and stabilization throughout 2022 and part of 2023. The subsequent periods reveal some volatility but generally reflect a positive trajectory, with margins largely remaining above 5% in recent quarters, barring brief declines. The company's profitability appears sensitive to external factors and operational variables, with recent projections indicating a cautious outlook given the near-zero margin forecasted for June 2025.
Peer comparison
Jun 30, 2025