For fiscal 2025 (ended Dec 31, 2025), Studio City International Holdings Limited reported $694.57M of revenue and -$58.77M of net income.
MSC revenue was $694.57M for fiscal 2025 (ended Dec 31, 2025), up 8.7% from fiscal 2024. Compound annual growth was +69.8% over 5 years. It rose in 7 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.
MSC net income was -$58.77M for fiscal 2025 (ended Dec 31, 2025), compared with -$96.73M in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $694.57M | $639.14M | $445.54M | $11.55M | $106.87M | $49.21M | $626.73M | $571.21M | $539.81M | $424.53M |
| Selling, general and admin | $183.39M | $171.27M | $115.20M | $79.78M | $87.58M | $89.01M | $128.93M | $132.64M | $130.47M | $135.07M |
| Operating income | $70.04M | $38.15M | -$29.04M | -$277.22M | -$191.57M | -$279.93M | $178.00M | $137.86M | $80.45M | -$54.77M |
| Interest expense | $126.27M | $133.59M | $129.57M | $92.36M | $90.97M | $104.80M | $132.29M | $160.51M | $159.92M | $159.24M |
| Income tax | $7.61M | $7.35M | -$81.0K | $382.0K | -$457.0K | -$1.01M | $402.0K | $544.0K | -$239.0K | $474.0K |
| Net income | -$58.77M | -$96.73M | -$133.52M | -$326.45M | -$252.56M | -$321.63M | $33.56M | -$21.60M | -$76.44M | -$242.79M |
| EPS, basic | - | - | - | - | - | -$1.09 | $0.14 | -$0.11 | -$0.42 | -$1.34 |
| EPS, diluted | - | - | - | - | - | -$1.10 | $0.14 | -$0.11 | -$0.42 | -$1.34 |
| Diluted shares | - | - | - | - | - | 367.3M | 241.8M | 191.5M | 181.3M | 181.3M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $109.40M | $127.63M | $228.17M | $509.65M | $499.42M | $575.36M | $327.23M | $377.56M | $382.93M | $371.25M |
| Receivables | $1.89M | $1.98M | $2.28M | $263.0K | $247.0K | $157.0K | $1.40M | $1.71M | $2.35M | - |
| Inventory | $8.73M | $7.31M | $5.76M | $5.12M | $5.83M | $9.30M | $9.76M | $9.90M | $10.14M | - |
| Current assets | $131.49M | $166.37M | $316.05M | $553.85M | $563.69M | $607.82M | $414.44M | $459.04M | $460.93M | - |
| Total assets | $2.80B | $2.99B | $3.24B | $3.59B | $3.32B | $3.04B | $2.71B | $2.80B | $2.93B | - |
| Current liabilities | $180.04M | $180.76M | $156.78M | $247.39M | $254.73M | $162.15M | $100.17M | $438.97M | $178.07M | - |
| Short-term debt | $0 | $21.60M | $0 | - | - | - | $0 | $347.74M | $0 | - |
| Long-term debt | $2.02B | $2.14B | $2.34B | $2.43B | $2.09B | $1.58B | $1.44B | $1.26B | $2.00B | - |
| Total debt | $2.02B | $2.16B | $2.34B | $2.43B | $2.09B | $1.58B | $1.44B | $1.61B | $2.00B | - |
| Total liabilities | $2.22B | $2.34B | $2.51B | $2.72B | $2.37B | $1.78B | $1.55B | $1.71B | $2.19B | - |
| Shareholders' equity | $523.89M | $590.74M | $666.10M | $800.61M | $789.42M | $1.06B | $891.37M | $843.47M | $740.04M | - |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $210.32M | $189.90M | -$18.89M | -$178.78M | -$136.84M | -$167.43M | $228.50M | $139.52M | $68.31M | $14.58M |
| Investing cash flow | -$85.15M | -$108.46M | -$161.54M | -$453.39M | -$407.24M | -$209.79M | -$90.92M | -$147.51M | -$55.34M | -$106.71M |
| Financing cash flow | -$143.11M | -$183.26M | -$100.90M | $643.11M | $471.51M | $623.81M | -$189.98M | $5.15M | -$1.28M | -$122.79M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Depreciation and amortization | $212.02M | $205.06M | $169.40M | $126.96M | $127.63M | $160.33M | $171.94M | $167.89M | $176.33M | $171.86M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 8.7% | 43.5% | 3758.1% | -89.2% | 117.2% | -92.1% | 9.7% | 5.8% | 27.2% | - |
| Operating margin | 10.1% | 6.0% | -6.5% | -2400.6% | -179.3% | -568.9% | 28.4% | 24.1% | 14.9% | -12.9% |
| Net margin | -8.5% | -15.1% | -30.0% | -2826.9% | -236.3% | -653.6% | 5.4% | -3.8% | -14.2% | -57.2% |
| Return on equity | -11.2% | -16.4% | -20.0% | -40.8% | -32.0% | -30.3% | 3.8% | -2.6% | -10.3% | - |
| Return on assets | -2.1% | -3.2% | -4.1% | -9.1% | -7.6% | -10.6% | 1.2% | -0.8% | -2.6% | - |
| Current ratio | 0.73 | 0.92 | 2.02 | 2.24 | 2.21 | 3.75 | 4.14 | 1.05 | 2.59 | - |
| Debt to equity | 3.86 | 3.66 | 3.51 | 3.04 | 2.64 | 1.49 | 1.61 | 1.91 | 2.70 | - |
Source: XBRL data Studio City International Holdings Limited files with the SEC, latest filing dated Mar 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MSC | $694.57M | +8.7% | -$58.77M | -8.5% | $206.5M |
| MAR | $27.42B | +5.8% | $2.65B | 9.7% | $107.24B |
| HLT | $12.69B | +8.1% | $1.70B | 13.4% | $82.43B |
| IHG | $5.19B | +5.4% | $758.00M | 14.6% | $26.30B |
| LVS | $13.60B | +10.9% | $1.61B | 11.8% | $25.53B |
| H | $7.11B | +2.8% | $188.00M | 2.6% | $17.21B |
| HTHT | CN¥25.31B | +5.9% | CN¥5.08B | 20.1% | $15.69B |
| LTH | $3.29B | +13.0% | $418.95M | 12.7% | $10.58B |
| WYNN | $7.27B | +2.2% | $377.87M | 5.2% | $8.56B |