Madison Square Garden Sports (MSGS) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 42.8%
EBITDA Margin: 11.8%
Op. Margin: 11.5%
Net Margin: 10.2%

Op. margin of 11.5% is up 22.6% YoY — cost efficiency is improving. Net margin at 10.2% and gross margin of 42.8% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit