Madison Square Garden Sports Corp (MSGS)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 1,472,970 | 1,504,500 | 1,412,450 | 1,373,300 | 1,441,850 | 1,388,470 | 1,368,450 | 1,366,080 | 1,315,020 | 1,363,290 | 1,300,870 | 1,345,860 | 1,301,970 | 1,363,770 | 1,349,420 | 1,327,940 | 1,309,940 | 1,304,440 | 1,292,120 | 1,219,370 |
| ROA | 0.04% | 5.22% | 4.03% | 5.10% | 4.08% | 1.73% | 2.82% | 3.43% | 3.58% | 6.13% | 4.28% | 3.64% | 3.93% | 5.39% | 4.04% | -0.15% | -1.07% | -10.89% | -20.55% | -10.73% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $594K ÷ $1,472,970K
= 0.04%
The return on assets (ROA) for Madison Square Garden Sports Corp exhibits notable fluctuations over the analyzed period. Initially, in the fiscal quarter ending September 30, 2020, the ROA was significantly negative at -10.73%, reflecting substantial challenges in generating earnings from the company's assets amid the economic impact of that period. This negative trend persisted into the following quarter, with the ROA declining further to -20.55% by December 31, 2020, indicating ongoing asset utilization inefficiencies or losses.
Throughout 2021, a steady recovery is observed. The ROA improved to -10.89% by March 31, 2021, and continued toward break-even territory, reaching -0.15% at the end of September 2021. This indicates a gradual improvement in asset utilization and profitability. The positive trend gained momentum, as the ROA transitioned into positive territory with figures such as 4.04% on December 31, 2021, and further to 5.39% on March 31, 2022. Throughout 2022, the ROA remained relatively stable, fluctuating between approximately 3.6% and 4.3%, suggesting steady asset efficiency and profitability levels.
In 2023, the ROA continued to trend upward, reaching a peak of 6.13% at the end of March, before experiencing a slight decline to 3.58% by June and further to 3.43% in September. Despite the decline, the ratio remained positive, indicating ongoing asset utilization that generates returns above the company's operational baseline.
The first quarter of 2024 shows a decrease to 1.73%, yet the subsequent quarter sees a rebound to 4.08%, followed by a notable increase to 5.10% for the quarter ending September 30, 2024. This upward movement reflects an improving efficiency or profitability in asset use during this period. The trend continues with a slight decrease to 4.03% and then rising again to 5.22% in March 2025.
However, by June 30, 2025, the ROA drops sharply to a minimal 0.04%, indicating a period of diminished asset profitability or potentially increased asset base without commensurate earnings. The overall trajectory from early 2020 through mid-2025 reflects a transition from significant negative profitability levels toward positive and more stable returns, punctuated by periods of fluctuation and a recent decline, signaling possible challenges or sector-specific factors affecting asset efficiency.
Peer comparison
Jun 30, 2025