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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Madison Square Garden Sports (MSGS) Gross Margin (2016 - 2025)

Madison Square Garden Sports' Gross Margin history spans 12 years, with the latest figure at 22.81% for Q4 2025.

  • For Q4 2025, Gross Margin fell 11.0% year-over-year to 22.81%; the TTM value through Dec 2025 reached 26.16%, down 1161.0%, while the annual FY2025 figure was 27.34%, 1264.0% down from the prior year.
  • Gross Margin reached 22.81% in Q4 2025 per MSGS's latest filing, down from 79.02% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 91.82% in Q3 2023 to a low of 22.81% in Q4 2025.
  • Average Gross Margin over 5 years is 45.05%, with a median of 36.58% recorded in 2023.
  • Peak YoY movement for Gross Margin: plummeted -32051bps in 2021, then surged 3036bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 33.4% in 2021, then grew by 8bps to 36.19% in 2022, then decreased by -20bps to 28.96% in 2023, then decreased by -21bps to 22.92% in 2024, then fell by 0bps to 22.81% in 2025.
  • Per Business Quant, the three most recent readings for MSGS's Gross Margin are 22.81% (Q4 2025), 79.02% (Q3 2025), and 24.09% (Q2 2025).