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MSC Financials STUDIO CITY INTERNATIONAL HOLDINGS Ltd

10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 69.8% per year over the past 5 years.
  • Operating margin has expanded, at 10.1% in the latest year.

Financial health

  • Total debt ($2.0B) exceeds cash ($109M); net debt is $1.9B.
  • Total debt has grown slower than revenue (5.0% vs 69.8% per year).
  • Operating income covered interest expense 0.6× in the latest year, up from -2.7× 5 years ago.
  • Total debt is 7.2× EBITDA.
Revenue & net income
-$326M $184M $695M $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-2827% -1399% 28% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-41% -19% 4% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
$0 $1 $1 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $1B $2B 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$453M $95M $643M $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $695M -$59M 0.0% 10.1% -11.2% -2.1% — $2.0B $109M
2024 $639M -$97M 0.0% 6.0% -16.4% -3.2% — $2.2B $128M
2023 $446M -$134M 0.0% -6.5% -20.0% -4.1% — $2.3B $228M
2022 $12M -$326M 0.0% -2400.6% -40.8% -9.1% — $2.4B $510M
2021 $107M -$253M 0.0% -179.3% -32.0% -7.6% — $2.1B $499M
2020 $49M -$322M 0.0% -568.9% -30.3% -10.6% — $1.6B $575M
2019 $627M $34M 0.0% 28.4% 3.8% 1.2% — $1.4B $299M
2018 $571M -$22M 0.0% 24.1% -2.6% -0.8% — $1.6B $346M
2017 $540M -$76M 0.0% 14.9% -10.3% -2.6% — $2.0B $348M
2016 $425M -$243M 0.0% -12.9% — — — — —

Valuation over time

How the market has priced MSC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 116.1 232.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is MSC growing its revenue and profit?

Over the past 5 years, STUDIO CITY INTERNATIONAL HOLDINGS Ltd's revenue has grown 69.8% per year. These are computed facts, not advice.

How much debt does MSC have?

As of FY2025, STUDIO CITY INTERNATIONAL HOLDINGS Ltd reported $2.0B of total debt against $109M of cash; operating income covered interest expense 0.6×.

What is MSC's profit margin?

In FY2025, gross margin was —, operating margin 10.1%, and net margin -8.5%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.