Studio City International Holdings Limited (MSC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Studio City International Holdings Limited (MSC) stock price & volume — 10-year historical chart
Studio City International Holdings Limited (MSC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Studio City International Holdings Limited (MSC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.01vs $0.28+103.6% | —vs $166M |
| Q1 2026 | Feb 12, 2026 | $0.11 | $153M |
| Q4 2025 | Nov 6, 2025 | $0.10 | $183M |
| Q3 2025 | Jul 31, 2025 | $0.02 | $190M |
Studio City International Holdings Limited (MSC) competitors in Integrated Destination Casino Resorts — business model, growth, and fundamentals comparison
Studio City International Holdings Limited (MSC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Studio City International Holdings Limited (MSC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 539.81M | 571.21M | 626.73M | 49.21M | 106.87M | 11.55M | 445.54M | 639.14M | 694.57M |
| Revenue Growth % | 27.16% | 5.82% | 9.72% | -92.15% | 117.18% | -89.19% | 3758.14% | 43.45% | 8.67% |
| Cost of Goods Sold | 130.25M | 128.27M | 145.3M | 79.59M | 82.25M | 78.76M | 172.53M | 223.86M | 438.65M |
| COGS % of Revenue | 24.13% | 22.46% | 23.18% | 161.75% | 76.96% | 682.02% | 38.72% | 35.02% | 63.15% |
| Gross Profit | 409.57M▲ 0% | 442.94M▲ 8.1% | 481.44M▲ 8.7% | -30.39M▼ 106.3% | 24.62M▲ 181.0% | -67.21M▼ 373.0% | 273.01M▲ 506.2% | 415.29M▲ 52.1% | 255.92M▼ 38.4% |
| Gross Margin % | 75.87% | 77.54% | 76.82% | -61.75% | 23.04% | -582.02% | 61.28% | 64.98% | 36.85% |
| Gross Profit Growth % | 58.72% | 8.15% | 8.69% | -106.31% | 181.03% | -372.98% | 506.19% | 52.11% | -38.38% |
| Operating Expenses | 329.12M | 305.08M | 303.44M | 249.54M | 216.19M | 210M | 302.05M | 377.14M | 185.37M |
| OpEx % of Revenue | 60.97% | 53.41% | 48.42% | 507.11% | 202.3% | 1818.53% | 67.79% | 59.01% | 26.69% |
| Selling, General & Admin | 152.68M | 132.64M | 128.93M | 89.01M | 87.58M | 79.78M | 115.2M | 171.27M | 183.39M |
| SG&A % of Revenue | 28.28% | 23.22% | 20.57% | 180.88% | 81.95% | 690.9% | 25.86% | 26.8% | 26.4% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 176.44M | 172.44M | 174.51M | 160.53M | 128.62M | 130.22M | 186.85M | 205.87M | 1.99M |
| Operating Income | 80.45M▲ 0% | 137.86M▲ 71.4% | 178M▲ 29.1% | -279.93M▼ 257.3% | -191.57M▲ 31.6% | -277.22M▼ 44.7% | -29.04M▲ 89.5% | 38.15M▲ 231.4% | 70.55M▲ 84.9% |
| Operating Margin % | 14.9% | 24.14% | 28.4% | -568.87% | -179.26% | -2400.55% | -6.52% | 5.97% | 10.16% |
| Operating Income Growth % | 246.9% | 71.36% | 29.11% | -257.27% | 31.56% | -44.71% | 89.52% | 231.35% | 84.93% |
| EBITDA | 256.78M | 305.75M | 349.94M | -119.59M | -63.94M | -150.26M | 140.35M | 243.21M | 282.56M |
| EBITDA Margin % | 47.57% | 53.53% | 55.84% | -243.04% | -59.83% | -1301.18% | 31.5% | 38.05% | 40.68% |
| EBITDA Growth % | 119.29% | 19.07% | 14.45% | -134.18% | 46.54% | -135.01% | 193.41% | 73.28% | 16.18% |
| D&A (Non-Cash Add-back) | 176.33M | 167.89M | 171.94M | 160.33M | 127.63M | 126.96M | 169.4M | 205.06M | 212.02M |
| EBIT | 83.24M | 140.31M | 176.32M | -301.3M | -211.49M | -268.57M | -16.6M | 35.12M | 70.55M |
| Net Interest Income | -158.17M | -157.35M | -126.85M | -103.52M | -87.91M | -85.93M | -118.89M | -129.53M | -127.19M |
| Interest Income | 2.17M | 3.58M | 5.86M | 1.28M | 3.06M | 6.43M | 10.68M | 4.06M | 914K |
| Interest Expense | 159.92M | 160.51M | 132.29M | 104.8M | 90.97M | 92.36M | 129.57M | 133.59M | 128.1M |
| Other Income/Expense | -157.13M | -158.06M | -133.97M | -126.17M | -110.89M | -83.71M | -117.12M | -136.63M | -127.24M |
| Pretax Income | -76.68M▲ 0% | -20.2M▲ 73.7% | 44.03M▲ 318.0% | -406.1M▼ 1022.3% | -302.46M▲ 25.5% | -360.93M▼ 19.3% | -146.16M▲ 59.5% | -98.48M▲ 32.6% | -56.69M▲ 42.4% |
| Pretax Margin % | -14.2% | -3.54% | 7.03% | -825.28% | -283.02% | -3125.43% | -32.81% | -15.41% | -8.16% |
| Income Tax | -239K | 544K | 402K | -1.01M | -457K | 382K | -81K | 7.35M | 7.61M |
| Effective Tax Rate % | 0.31% | -2.69% | 0.91% | 0.25% | 0.15% | -0.11% | 0.06% | -7.47% | -13.42% |
| Net Income | -76.44M▲ 0% | -21.6M▲ 71.7% | 33.56M▲ 255.4% | -321.63M▼ 1058.2% | -252.56M▲ 21.5% | -326.45M▼ 29.3% | -133.52M▲ 59.1% | -96.73M▲ 27.6% | -58.77M▲ 39.2% |
| Net Margin % | -14.16% | -3.78% | 5.36% | -653.61% | -236.32% | -2826.91% | -29.97% | -15.13% | -8.46% |
| Net Income Growth % | 68.52% | 71.74% | 255.4% | -1058.25% | 21.48% | -29.26% | 59.1% | 27.56% | 39.25% |
| Net Income (Continuing) | -76.44M | -20.75M | 43.63M | -405.09M | -302M | -361.31M | -146.08M | -105.83M | -64.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 252.93M | 0 | 0 | 0 | 0 | 0 | 55.78M | 49.49M |
| EPS (Diluted) | -1.03▲ 0% | -0.43▲ 58.3% | 0.56▲ 230.2% | -17.32▼ 3192.9% | -10.92▲ 37.0% | -7.36▲ 32.6% | -2.76▲ 62.5% | -2.00▲ 27.5% | -1.24▲ 38.0% |
| EPS Growth % | 68.5% | 58.25% | 230.23% | -3192.86% | 36.95% | 32.6% | 62.5% | 27.54% | 38% |
| EPS (Basic) | -1.03 | -0.43 | 0.56 | -17.32 | -10.92 | -7.36 | -2.76 | -2.00 | -1.24 |
| Diluted Shares Outstanding | 74.27M | 47.88M | 60.45M | 23.15M | 23.15M | 48.94M | 48.15M | 48.15M | 48.15M |
| Basic Shares Outstanding | 74.27M | 47.88M | 60.45M | 23.15M | 23.15M | 44.41M | 48.15M | 48.15M | 48.15M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Studio City International Holdings Limited (MSC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 460.93M | 459.04M | 414.44M | 607.82M | 563.69M | 553.85M | 316.05M | 166.37M | 131.49M |
| Cash & Short-Term Investments | 358.28M | 345.85M | 299.37M | 575.22M | 499.29M | 509.52M | 228.04M | 127.63M | 109.4M |
| Cash Only | 348.4M | 345.85M | 299.37M | 575.22M | 499.29M | 509.52M | 228.04M | 127.63M | 109.4M |
| Short-Term Investments | 9.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 40.17M | 44.05M | 63.39M | 10.83M | 15.94M | 484K | 43.25M | 2.29M | 2.62M |
| Days Sales Outstanding | 27.16 | 28.15 | 36.92 | 80.32 | 54.46 | 15.3 | 35.43 | 1.3 | 1.38 |
| Inventory | 10.14M | 9.9M | 9.76M | 9.3M | 5.83M | 5.12M | 5.76M | 7.31M | 8.73M |
| Days Inventory Outstanding | 28.42 | 28.18 | 24.53 | 42.63 | 25.86 | 23.73 | 12.19 | 11.91 | 7.26 |
| Other Current Assets | 34.4M | 31.58M | 27.73M | 13K | 0 | 0 | 39M | 0 | 10.74M |
| Total Non-Current Assets | 2.47B | 2.34B | 2.3B | 2.44B | 2.76B | 3.04B | 2.92B | 2.82B | 2.66B |
| Property, Plant & Equipment | 2.28B | 2.18B | 2.14B | 2.23B | 2.59B | 2.88B | 2.79B | 2.66B | 2.5B |
| Fixed Asset Turnover | 0.24x | 0.26x | 0.29x | 0.02x | 0.04x | 0.00x | 0.16x | 0.24x | 0.28x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99.07M |
| Intangible Assets | 125.67M | 121.54M | 118.89M | 120.11M | 114.89M | 110.02M | 105.31M | 102.63M | 0 |
| Long-Term Investments | 130K | 129K | 0 | 0 | 0 | 0 | 0 | 130K | 130K |
| Other Non-Current Assets | 60.85M | 45.9M | 43M | 86.76M | 48.1M | 46.81M | 26.99M | 52.5M | 69.14M |
| Total Assets | 2.93B▲ 0% | 2.8B▼ 4.3% | 2.71B▼ 3.2% | 3.04B▲ 12.2% | 3.32B▲ 9.0% | 3.59B▲ 8.3% | 3.24B▼ 9.9% | 2.99B▼ 7.8% | 2.8B▼ 6.3% |
| Asset Turnover | 0.18x | 0.20x | 0.23x | 0.02x | 0.03x | 0.00x | 0.14x | 0.21x | 0.25x |
| Asset Growth % | -3.12% | -4.28% | -3.22% | 12.23% | 9.04% | 8.27% | -9.93% | -7.76% | -6.33% |
| Total Current Liabilities | 178.07M | 438.97M | 100.17M | 162.15M | 254.73M | 247.39M | 156.78M | 180.76M | 180.04M |
| Accounts Payable | 2.72M | 6.42M | 3.34M | 206K | 211K | 501K | 2.45M | 3.29M | 6.4M |
| Days Payables Outstanding | 7.63 | 18.27 | 8.38 | 0.94 | 0.94 | 2.32 | 5.19 | 5.36 | 5.33 |
| Short-Term Debt | 0 | 347.74M | 0 | 0 | 0 | 0 | 0 | 21.6M | 0 |
| Deferred Revenue (Current) | 4.41M | 4.38M | 3.95M | 2.4M | 2.26M | 1.79M | 4.43M | 0 | 0 |
| Other Current Liabilities | 103.5M | 0 | 0 | 0 | 0 | 0 | 7.51M | 49.08M | 158.38M |
| Current Ratio | 2.59x | 1.05x | 4.14x | 3.75x | 2.21x | 2.24x | 2.02x | 0.92x | 0.73x |
| Quick Ratio | 2.53x | 1.02x | 4.04x | 3.69x | 2.19x | 2.22x | 1.98x | 0.88x | 0.68x |
| Cash Conversion Cycle | 47.96 | 38.06 | 53.06 | 122.01 | 79.38 | 36.71 | 42.43 | 7.86 | 3.31 |
| Total Non-Current Liabilities | 2.01B | 1.27B | 1.45B | 1.61B | 2.12B | 2.47B | 2.35B | 2.16B | 2.04B |
| Long-Term Debt | 2B | 1.26B | 1.44B | 1.58B | 2.09B | 2.43B | 2.34B | 2.14B | 2.04B |
| Capital Lease Obligations | 0 | 0 | 13.72M | 17.14M | 14.8M | 13.5M | 12.25M | 12.23M | 12.1M |
| Deferred Tax Liabilities | 588K | 1.04M | 1.45M | 448K | 0 | 382K | 309K | 77K | 60K |
| Other Non-Current Liabilities | 9.51M | 4.02M | 3.15M | 11.78M | 17.77M | 21.63M | 3.21M | 4.12M | -5.8M |
| Total Liabilities | 2.19B | 1.71B | 1.55B | 1.78B | 2.37B | 2.72B | 2.51B | 2.34B | 2.22B |
| Total Debt | 2B | 1.61B | 1.45B | 1.6B | 2.1B | 2.45B | 2.35B | 2.18B | 2.05B |
| Net Debt | 1.65B | 1.26B | 1.15B | 1.03B | 1.6B | 1.94B | 2.12B | 2.05B | 1.94B |
| Debt / Equity | 2.70x | 1.19x | 1.25x | 1.26x | 2.23x | 2.80x | 3.22x | 3.37x | 3.57x |
| Debt / EBITDA | 7.79x | 5.26x | 4.14x | - | - | - | 16.73x | 8.95x | 7.25x |
| Net Debt / EBITDA | 6.43x | 4.13x | 3.29x | - | - | - | 15.11x | 8.43x | 6.86x |
| Interest Coverage | 0.52x | 0.87x | 1.33x | -2.88x | -2.32x | -2.91x | -0.13x | 0.26x | 0.55x |
| Total Equity | 740.04M▲ 0% | 1.35B▲ 82.3% | 1.16B▼ 14.1% | 1.27B▲ 9.4% | 944.18M▼ 25.5% | 876.14M▼ 7.2% | 728.98M▼ 16.8% | 646.52M▼ 11.3% | 573.38M▼ 11.3% |
| Equity Growth % | -9.36% | 82.33% | -14.13% | 9.41% | -25.52% | -7.21% | -16.8% | -11.31% | -11.31% |
| Book Value per Share | 9.96 | 28.18 | 19.17 | 54.77 | 40.79 | 17.90 | 15.14 | 13.43 | 11.91 |
| Total Shareholders' Equity | 740.04M | 1.1B | 1.16B | 1.27B | 944.18M | 876.14M | 728.98M | 590.74M | 523.89M |
| Common Stock | 18K | 31K | 31K | 44K | 44K | 84K | 84K | 84K | 84K |
| Retained Earnings | -773.17M | -798.1M | -764.53M | -1.09B | -1.34B | -1.67B | -1.8B | -1.9B | -1.95B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 488K | -14.06M | 269K | 11.88M | -6.14M | -11.67M | -12.66M | 8.7M | 618K |
| Minority Interest | 0 | 252.93M | 0 | 0 | 0 | 0 | 0 | 55.78M | 49.49M |
Studio City International Holdings Limited (MSC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 68.31M | 139.52M | 228.5M | -181.63M | -136.84M | -178.78M | -18.89M | 189.9M | 0 |
| Operating CF Margin % | 12.65% | 24.42% | 36.46% | -369.1% | -128.05% | -1548.1% | -4.24% | 29.71% | - |
| Operating CF Growth % | 368.57% | 104.23% | 63.78% | -179.48% | 24.66% | -30.64% | 89.43% | 1105.08% | -100% |
| Net Income | -76.44M | -20.75M | 43.63M | -406.53M | -302M | -361.31M | -133.52M | -105.83M | -58.77M |
| Depreciation & Amortization | 176.33M | 167.89M | 171.94M | 160.56M | 127.63M | 126.96M | 169.4M | 205.06M | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 791K | 438K | 361K | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | -791K | 20.97M | -361K | 0 | 0 | 0 |
| Other Non-Cash Items | 28.62M | 11.69M | 19.25M | 28.02M | 10.48M | 2.02M | -11.36M | 5.37M | 58.77M |
| Working Capital Changes | -60.2M | -19.32M | -6.32M | 36.32M | 5.64M | 53.56M | -43.41M | 85.3M | 0 |
| Change in Receivables | 442K | 241K | 324K | 1.25M | -91K | -16K | -42.68M | 41.14M | 0 |
| Change in Inventory | -7.22M | -9.39M | 3.62M | 2.13M | -1.79M | 4.07M | -339K | 8.43M | 0 |
| Change in Payables | 5.82M | -4.81M | 9.52M | 11.61M | -6.02M | 10.88M | -20.72M | 13.63M | 0 |
| Cash from Investing | -55.34M | -147.51M | -90.92M | -195.51M | -407.24M | -453.39M | -161.54M | -108.46M | 0 |
| Capital Expenditures | -43.8M | -153.25M | -78.59M | -188.54M | -404.48M | -452.13M | -156.82M | -86.76M | 0 |
| CapEx % of Revenue | 8.11% | 26.83% | 12.54% | 383.14% | 378.49% | 3915.19% | 35.2% | 13.57% | - |
| Acquisitions | -2.84M | -13.36M | -13.71M | 2.64M | -2.42M | 9K | 0 | -31.3M | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -2.73M | 9.23M | 1.38M | -6.98M | -336K | -1.27M | -4.72M | 9.6M | 0 |
| Cash from Financing | -1.28M | 5.15M | -189.98M | 623.89M | 471.51M | 643.11M | -100.9M | -183.26M | 0 |
| Debt Issued (Net) | 0 | -400M | -184.91M | 150M | 505.25M | 350M | -100.37M | -175.38M | 0 |
| Equity Issued (Net) | 0 | 405.15M | -5.06M | 499.22M | -445K | 299.16M | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -5.06M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.28M | 0 | 0 | -25.33M | -33.3M | -6.05M | -530K | -7.88M | 0 |
| Net Change in Cash | 11.68M▲ 0% | -5.36M▼ 145.9% | -50.33M▼ 838.3% | 248.27M▲ 593.3% | -75.94M▼ 130.6% | 10.23M▲ 113.5% | -281.48M▼ 2850.5% | -100.41M▲ 64.3% | -127.76M▼ 27.2% |
| Free Cash Flow | 24.52M▲ 0% | -13.73M▼ 156.0% | 149.92M▲ 1192.0% | -370.16M▼ 346.9% | -541.32M▼ 46.2% | -630.9M▼ 16.5% | -175.72M▲ 72.1% | 103.14M▲ 158.7% | 0▼ 100.0% |
| FCF Margin % | 4.54% | -2.4% | 23.92% | -752.24% | -506.53% | -5463.29% | -39.44% | 16.14% | - |
| FCF Growth % | 125.23% | -156% | 1191.97% | -346.91% | -46.24% | -16.55% | 72.15% | 158.7% | -100% |
| FCF per Share | 0.33 | -0.29 | 2.48 | -15.99 | -23.39 | -12.89 | -3.65 | 2.14 | - |
| FCF Conversion (FCF/Net Income) | -0.89x | -6.46x | 6.81x | 0.56x | 0.54x | 0.55x | 0.14x | -1.96x | - |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Studio City International Holdings Limited (MSC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -25.89% | -9.82% | -2.07% | 2.68% | -26.51% | -22.84% | -35.87% | -16.64% | -14.06% | -9.63% |
| Return on Invested Capital (ROIC) | -1.55% | 2.48% | 4.13% | 5.42% | -9.12% | -5.93% | -7.75% | -0.77% | 1.03% | 2.03% |
| Gross Margin | 60.78% | 75.87% | 77.54% | 76.82% | -61.75% | 23.04% | -582.02% | 61.28% | 64.98% | 36.85% |
| Net Margin | -57.19% | -14.16% | -3.78% | 5.36% | -653.61% | -236.32% | -2826.91% | -29.97% | -15.13% | -8.46% |
| Debt / Equity | 2.44x | 2.70x | 1.19x | 1.25x | 1.26x | 2.23x | 2.80x | 3.22x | 3.37x | 3.57x |
| Interest Coverage | -0.52x | 0.52x | 0.87x | 1.33x | -2.88x | -2.32x | -2.91x | -0.13x | 0.26x | 0.55x |
| FCF Conversion | -0.06x | -0.89x | -6.46x | 6.81x | 0.56x | 0.54x | 0.55x | 0.14x | -1.96x | - |
| Revenue Growth | 512.3% | 27.16% | 5.82% | 9.72% | -92.15% | 117.18% | -89.19% | 3758.14% | 43.45% | 8.67% |
Studio City International Holdings Limited (MSC) stock FAQ — growth, dividends, profitability & financials explained
Studio City International Holdings Limited (MSC) reported $694.6M in revenue for fiscal year 2025. This represents a 902% increase from $69.3M in 2015.
Studio City International Holdings Limited (MSC) grew revenue by 8.7% over the past year. This is steady growth.
Studio City International Holdings Limited (MSC) reported a net loss of $58.8M for fiscal year 2025.
Studio City International Holdings Limited (MSC) has a return on equity (ROE) of -9.6%. Negative ROE indicates the company is unprofitable.
Studio City International Holdings Limited (MSC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates