Sphere Entertainment (SPHR) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 55.6%
EBITDA Margin: 7.4%
Op. Margin: -19.6%
Net Margin: -12.2%

Op. margin of -19.6% is down 1.8% YoY — costs are rising relative to revenue. Net margin at -12.2% and gross margin of 55.6% 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