Madison Square Garden Sports Corp (MSGS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 105,668 | 50,950 | 74,396 | 96,434 | 92,086 | 125,375 | 89,530 | 75,444 | 76,183 | 31,356 | -22,619 | -96,034 | -87,375 | -110,643 | -228,595 | -91,226 | -161,795 | -213,456 | -54,501 | -69,160 |
| 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 |
| Pretax margin | 10.29% | 5.64% | 8.68% | 10.91% | 10.65% | 11.37% | 8.46% | 7.59% | 7.71% | 3.37% | -2.92% | -18.69% | -15.82% | -27.92% | -47.53% | -12.25% | -21.93% | -24.43% | -4.85% | -4.73% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $105,668K ÷ $1,027,149K
= 10.29%
Madison Square Garden Sports Corp's pretax margin has shown fluctuations over the past few quarters. In the latest quarter ending June 30, 2024, the pretax margin improved to 10.29%, indicating that the company generated $0.1029 in pretax profit for every dollar of revenue. This represents an increase from the previous quarter but is lower than the levels seen in the first half of 2023 when the pretax margin was consistently above 10%.
The company experienced a dip in pretax margin in the latter half of 2023, with the lowest point being in the fourth quarter of 2023 at 8.46%. This decline could be attributed to various factors such as changes in revenue, operating costs, or one-time expenses impacting profitability.
Looking back further, there were significant fluctuations in pretax margin, with negative margins reported in multiple quarters in 2021 and 2022. The company seems to have faced challenges during those periods, potentially indicating financial distress or operational issues.
Overall, Madison Square Garden Sports Corp's pretax margin trend suggests that the company has experienced both periods of strength and challenges in profitability. It will be important to monitor future performance to assess the company's ability to maintain and improve its pretax margin consistently.
Peer comparison
Jun 30, 2024