Growth Metrics

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

Madison Square Garden Sports' Net Margin history spans 12 years, with the latest figure at 2.04% for Q4 2025.

  • For Q4 2025, Net Margin rose 173.0% year-over-year to 2.04%; the TTM value through Dec 2025 reached 1.55%, down 688.0%, while the annual FY2025 figure was 2.16%, 788.0% down from the prior year.
  • Net Margin reached 2.04% in Q4 2025 per MSGS's latest filing, 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.
  • Average Net Margin over 5 years is 10.26%, with a median of 1.18% recorded in 2024.
  • The largest YoY upside for Net Margin was 3319bps in 2023 against a maximum downside of -2269bps in 2023.
  • A 5-year view of Net Margin shows it 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.
  • Per Business Quant, the three most recent readings for MSGS's Net Margin are 2.04% (Q4 2025), 22.3% (Q3 2025), and 0.87% (Q2 2025).