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MSGS (Madison Square Garden Sports) Gross Margin % : 52.59% (As of Jun. 2024)


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What is Madison Square Garden Sports Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Madison Square Garden Sports's Gross Profit for the three months ended in Jun. 2024 was $120 Mil. Madison Square Garden Sports's Revenue for the three months ended in Jun. 2024 was $227 Mil. Therefore, Madison Square Garden Sports's Gross Margin % for the quarter that ended in Jun. 2024 was 52.59%.


The historical rank and industry rank for Madison Square Garden Sports's Gross Margin % or its related term are showing as below:

MSGS' s Gross Margin % Range Over the Past 10 Years
Min: 32.19   Med: 38.61   Max: 41.18
Current: 39.98


During the past 13 years, the highest Gross Margin % of Madison Square Garden Sports was 41.18%. The lowest was 32.19%. And the median was 38.61%.

MSGS's Gross Margin % is ranked better than
52.07% of 966 companies
in the Media - Diversified industry
Industry Median: 38.59 vs MSGS: 39.98

Madison Square Garden Sports had a gross margin of 52.59% for the quarter that ended in Jun. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Madison Square Garden Sports was 0.20% per year.


Madison Square Garden Sports Gross Margin % Historical Data

The historical data trend for Madison Square Garden Sports's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Madison Square Garden Sports Gross Margin % Chart

Madison Square Garden Sports Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.34 32.19 39.06 38.16 39.98

Madison Square Garden Sports Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.67 91.82 28.96 36.50 52.59

Competitive Comparison of Madison Square Garden Sports's Gross Margin %

For the Entertainment subindustry, Madison Square Garden Sports's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Madison Square Garden Sports's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Madison Square Garden Sports's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Madison Square Garden Sports's Gross Margin % falls into.



Madison Square Garden Sports Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Madison Square Garden Sports's Gross Margin for the fiscal year that ended in Jun. 2024 is calculated as

Gross Margin % (A: Jun. 2024 )=Gross Profit (A: Jun. 2024 ) / Revenue (A: Jun. 2024 )
=410.6 / 1027.149
=(Revenue - Cost of Goods Sold) / Revenue
=(1027.149 - 616.514) / 1027.149
=39.98 %

Madison Square Garden Sports's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=119.5 / 227.251
=(Revenue - Cost of Goods Sold) / Revenue
=(227.251 - 107.743) / 227.251
=52.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Madison Square Garden Sports  (NYSE:MSGS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Madison Square Garden Sports had a gross margin of 52.59% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Madison Square Garden Sports Gross Margin % Related Terms

Thank you for viewing the detailed overview of Madison Square Garden Sports's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Madison Square Garden Sports Business Description

Traded in Other Exchanges
Address
Two Penn Plaza, New York, NY, USA, 10121
Madison Square Garden Sports Corp owns and operates a portfolio of assets featuring some of the recognized sports teams, including the Knicks of the NBA and the Rangers of the NHL. It generates revenue from several sources: ticket sales and a portion of suite rental fees at The Garden and others. It has one operating and reportable segment and one reporting unit for goodwill impairment testing purposes.
Executives
Alexander Shvartsman officer: SVP, Controller & PAO TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
James Lawrence Dolan director, officer: Executive Chairman, other: Member of 13(d) Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
David G. Hopkinson officer: President & COO C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065
David Granville-smith officer: Executive Vice President TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Jamaal T Lesane officer: EVP and General Counsel TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Quentin F Dolan director 11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Joseph Cohen director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Dolan Leinauer Corby other: Trustee of 13D Group Member BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lawrence J. Burian officer: EVP, GC and Secretary TWO PENN PLAZA, NEW YORK NY 10121
Stephen Mills director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Ivan G Seidenberg director VERIZON COMMUNICATIONS INC, 140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Anthony J Vinciquerra director FOX ENTERTAINMENT GROUP, INC., 10201 WEST PICO BLVD, LOS ANGELES CA 90035
Philip Gerard D'ambrosio officer: SVP, Treasurer TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Richard D Parsons director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Andrew Lustgarten officer: President TWO PENN PLAZA, NEW YORK NY 10121