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STUDIO CITY INTERNATIONAL HOLDINGS Ltd

MSC Clue Score54
Hong Kong Fiscal year ends December CIK 0001713334
$1.00 +1.53% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $1.00 −87.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 18 Oct 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue424.5Operating income−54.8Net income−242.8Fiscal year 2017Revenue539.8 +27.2%Operating income80.5Net income−76.4Fiscal year 2018Revenue571.2 +5.8%Operating income137.9Net income−21.6EPS, diluted−0.11Fiscal year 2019Revenue626.7 +9.7%Operating income178.0Net income33.6EPS, diluted0.14Fiscal year 2020Revenue49.2 −92.1%Operating income−279.9Net income−321.6 −1,058.2%EPS, diluted−1.10Fiscal year 2021Revenue106.9 +117.2%Operating income−191.6Net income−252.6Fiscal year 2022Revenue11.5 −89.2%Operating income−277.2Net income−326.5Fiscal year 2023Revenue445.5 +3,758.1%Operating income−29.0Net income−133.5Fiscal year 2024Revenue639.1 +43.5%Operating income38.1Net income−96.7Fiscal year 2025Revenue694.6 +8.7%Operating income70.0Net income−58.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 424.5 539.8 571.2 626.7 49.2 106.9 11.5 445.5 639.1 694.6
Growth +27.2% +5.8% +9.7% −92.1% +117.2% −89.2% +3,758.1% +43.5% +8.7%
Operating income −54.8 80.5 137.9 178.0 −279.9 −191.6 −277.2 −29.0 38.1 70.0
Net income −242.8 −76.4 −21.6 33.6 −321.6 −252.6 −326.5 −133.5 −96.7 −58.8
Growth −1,058.2%
EPS, diluted n/a n/a −0.11 0.14 −1.10 n/a n/a n/a n/a n/a

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−12.9%Net margin−57.2%Fiscal year 2017Operating margin14.9%Net margin−14.2%Fiscal year 2018Operating margin24.1%Net margin−3.8%Fiscal year 2019Operating margin28.4%Net margin5.4%Fiscal year 2020Operating margin−568.9%Net margin−653.6%Fiscal year 2021Operating margin−179.3%Net margin−236.3%Fiscal year 2022Operating margin−2,400.6%Net margin−2,826.9%Fiscal year 2023Operating margin−6.5%Net margin−30.0%Fiscal year 2024Operating margin6.0%Net margin−15.1%Fiscal year 2025Operating margin10.1%Net margin−8.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −12.9% 14.9% 24.1% 28.4% −568.9% −179.3% −2,400.6% −6.5% 6.0% 10.1%
Net margin −57.2% −14.2% −3.8% 5.4% −653.6% −236.3% −2,826.9% −30.0% −15.1% −8.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow14.6Dividends paid0.0Fiscal year 2017Operating cash flow68.3Dividends paid0.0Fiscal year 2018Operating cash flow139.5Dividends paid0.0Fiscal year 2019Operating cash flow228.5Dividends paid0.0Fiscal year 2020Operating cash flow−167.4Dividends paid0.0Fiscal year 2021Operating cash flow−136.8Dividends paid0.0Fiscal year 2022Operating cash flow−178.8Dividends paid0.0Fiscal year 2023Operating cash flow−18.9Dividends paid0.0Fiscal year 2024Operating cash flow189.9Dividends paid0.0Fiscal year 2025Operating cash flow210.3Dividends paid0.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 14.6 68.3 139.5 228.5 −167.4 −136.8 −178.8 −18.9 189.9 210.3
Dividends paid 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash371.2Fiscal year 2017Cash348.4Total debt1,999.4Net cash (debt)−1,651.0Shareholders’ equity740.0Debt to equity2.70Fiscal year 2018Cash345.9Total debt1,609.6Net cash (debt)−1,263.8Shareholders’ equity843.5Debt to equity1.91Fiscal year 2019Cash299.4Total debt1,435.1Net cash (debt)−1,135.7Shareholders’ equity891.4Debt to equity1.61Fiscal year 2020Cash575.2Total debt1,584.7Net cash (debt)−1,009.4Shareholders’ equity1,060.0Debt to equity1.49Fiscal year 2021Cash499.3Total debt2,087.5Net cash (debt)−1,588.2Shareholders’ equity789.4Debt to equity2.64Fiscal year 2022Cash509.5Total debt2,434.5Net cash (debt)−1,925.0Shareholders’ equity800.6Debt to equity3.04Fiscal year 2023Cash228.0Total debt2,335.2Net cash (debt)−2,107.1Shareholders’ equity666.1Debt to equity3.51Fiscal year 2024Cash127.6Total debt2,163.3Net cash (debt)−2,035.7Shareholders’ equity590.7Debt to equity3.66Fiscal year 2025Cash109.4Total debt2,024.6Net cash (debt)−1,915.2Shareholders’ equity523.9Debt to equity3.86
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 371.2 348.4 345.9 299.4 575.2 499.3 509.5 228.0 127.6 109.4
Total debt n/a 1,999.4 1,609.6 1,435.1 1,584.7 2,087.5 2,434.5 2,335.2 2,163.3 2,024.6
Net cash (debt) n/a −1,651.0 −1,263.8 −1,135.7 −1,009.4 −1,588.2 −1,925.0 −2,107.1 −2,035.7 −1,915.2
Shareholders’ equity n/a 740.0 843.5 891.4 1,060.0 789.4 800.6 666.1 590.7 523.9
Debt to equity n/a 2.70 1.91 1.61 1.49 2.64 3.04 3.51 3.66 3.86

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
424.5 539.8 571.2 626.7 49.2 106.9 11.5 445.5 639.1 694.6
Growth +27.2% +5.8% +9.7% −92.1% +117.2% −89.2% +3,758.1% +43.5% +8.7%
135.1 130.5 132.6 128.9 89.0 87.6 79.8 115.2 171.3 183.4
−54.8 80.5 137.9 178.0 −279.9 −191.6 −277.2 −29.0 38.1 70.0
Growth +71.4% +29.1% −257.3% +83.6%
0.5 −0.2 0.5 0.4 −1.0 −0.5 0.4 −0.1 7.4 7.6
−242.8 −76.4 −21.6 33.6 −321.6 −252.6 −326.5 −133.5 −96.7 −58.8
Growth −1,058.2%
Per share
n/a n/a −0.11 0.14 −1.09 n/a n/a n/a n/a n/a
n/a n/a −0.11 0.14 −1.10 n/a n/a n/a n/a n/a
Growth −893.5%
n/a n/a 191.5 241.8 294.8 n/a n/a n/a n/a n/a
n/a n/a 191.5 241.8 367.3 n/a n/a n/a n/a n/a
Growth +26.3% +51.9%

† The diluted share count jumps at 2020, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 69.8% a year over five years.
  • Operating margin is up 579.0 points on five years ago, at 10.1%.
  • A net loss in 9 of 10 years on file.