Studio City International Holdings (MSC) Gross Margin (2017 - 2026)

Studio City International Holdings' (MSC) quarterly Gross Margin came in at 87.92% in Q1 2026, up 199.0% year-on-year from 29.41% in Q1 2025, and up 2.3% on a QoQ basis from 85.95% in Q4 2025.

Studio City International Holdings (MSC) Gross Margin (2017 - 2026) Analysis & Trends

Studio City International Holdings (MSC) has 10 years of Gross Margin data on file, last reported at 87.92% in Q1 2026.

  • On a quarterly basis, Gross Margin rose 199.0% year-over-year to 87.92% in Q1 2026; TTM through Mar 2026 was 87.5%, a 187.0% increase from a year earlier, with the FY2025 full-year figure at 94.46%, down 520.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 87.92%, up from 85.95% in the prior quarter.
  • Over the last five years, Gross Margin for MSC reached as high as 88.71% in Q2 2025 and fell as low as 212.76% in Q2 2022.
  • Historically, Gross Margin has averaged 48.15% across 5 years, with a median of 85.93% in 2025.
  • Across the five-year window, Gross Margin slumped 28973 bps in 2022 and soared 30057 bps in 2023, its largest moves.
  • Year by year, Gross Margin stood at 45.43% in 2022, then surged by 289 bps to 85.97% in 2023, then dropped by 1 bps to 85.49% in 2024, then advanced by 1 bps to 85.95% in 2025, then grew by 2 bps to 87.92% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 87.92% in Q1 2026, 85.95% in Q4 2025, and 87.18% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 97.43%
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 97.02%
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 94.08%
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 98.68%
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 96.69%
7 Vail Resorts 5.23 Bn 5.21 Bn - -
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 95.41%
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 85.38%
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn 87.92%

Historic Data

Download Data
DateValue
Mar 31, 2026 87.92%
Dec 31, 2025 85.95%
Sep 30, 2025 87.18%
Jun 30, 2025 88.71%
Mar 31, 2025 85.93%
Dec 31, 2024 85.49%
Sep 30, 2024 85.92%
Jun 30, 2024 85.15%
Mar 31, 2024 87.40%
Dec 31, 2023 85.97%
Sep 30, 2023 85.98%
Jun 30, 2023 87.81%
Mar 31, 2023 82.00%
Dec 31, 2022 -45.43%
Sep 30, 2022 -84.82%
Jun 30, 2022 -212.76%
Mar 31, 2022 40.18%
Dec 31, 2021 75.64%
Sep 30, 2021 63.34%
Jun 30, 2021 76.96%