Growth Metrics

Madison Square Garden Sports (MSGS) Net Margin (2016 - 2026)

Madison Square Garden Sports filings provide 12 years of Net Margin readings, the most recent being 2.04% for Q4 2025.

  • On a quarterly basis, Net Margin rose 173.0% to 2.04% in Q4 2025 year-over-year; TTM through Dec 2025 was 1.55%, a 688.0% decrease, with the full-year FY2025 number at 2.16%, down 788.0% from a year prior.
  • Net Margin hit 2.04% in Q4 2025 for Madison Square Garden Sports, up from 22.3% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 15.21% in Q2 2022 to a low of 89.84% in Q3 2021.
  • Median Net Margin over the past 5 years was 1.18% (2024), compared with a mean of 10.26%.
  • The widest YoY moves for Net Margin: up 3319bps in 2023, down -2269bps in 2023.
  • Madison Square Garden Sports' Net Margin stood at 5.25% in 2021, then rose by 18bps to 6.17% in 2022, then fell by -30bps to 4.35% in 2023, then tumbled by -93bps to 0.31% in 2024, then surged by 558bps to 2.04% in 2025.
  • The last three reported values for Net Margin were 2.04% (Q4 2025), 22.3% (Q3 2025), and 0.87% (Q2 2025) per Business Quant data.