Madison Square Garden Sports Corp (MSGS)

Pretax margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	105,668	92,086	76,183	-87,375	-161,795
Revenue	US$ in thousands	1,027,150	864,563	988,315	552,189	737,739
Pretax margin		10.29%	10.65%	7.71%	-15.82%	-21.93%

June 30, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $105,668K ÷ $1,027,150K
= 10.29%

The pretax margin of Madison Square Garden Sports Corp has fluctuated over the last five years. It increased from 7.71% in 2022 to 10.65% in 2023 before slightly decreasing to 10.29% in 2024. The company showed significant improvement in profitability compared to 2020 and 2021 when it reported negative pretax margins of -15.82% and -21.93% respectively. Despite the positive trend in recent years, further analysis is needed to understand the factors impacting the company's pretax margin and to assess its overall financial performance.

Peer comparison

Jun 30, 2024

Company name

Symbol

Pretax margin

Madison Square Garden Sports Corp

MSGS

10.29%

Golden Entertainment Inc