Studio City International Holdings (MSC) Gross Margin (2017 - 2026)
Studio City International Holdings (MSC) posted quarterly Gross Margin of 87.92% for Q1 2026, up 199.0% year-over-year from 29.41% in Q1 2025, and up 2.3% quarter-over-quarter from 85.95% in Q4 2025.
Studio City International Holdings (MSC) Gross Margin (2017 - 2026) Analysis & Trends
Studio City International Holdings (MSC) has reported Gross Margin for 10 consecutive years, with 87.92% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 199.0% year-over-year to 87.92%; the TTM figure through Mar 2026 stood at 87.5% (up 187.0% YoY), while the FY2025 annual figure was 81.32%, down 45.0% from the prior year.
- Gross Margin climbed to 87.92% in Q1 2026 per MSC's latest filing, from 85.95% in the prior quarter.
- Across five years, Gross Margin topped out at 88.71% in Q2 2025 and bottomed at 212.76% in Q2 2022.
- Historically, Gross Margin has averaged 48.15% across 5 years, with a median of 85.93% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 28973 bps — and 2023, when it surged 30057 bps.
- Studio City International Holdings' Gross Margin stood at 45.43% in 2022, then soared by 289 bps to 85.97% in 2023, then decreased by 1 bps to 85.49% in 2024, then rose by 1 bps to 85.95% in 2025, then advanced by 2 bps to 87.92% in 2026.
- Business Quant data shows MSC's Gross Margin at 87.92% in Q1 2026, 85.95% in Q4 2025, and 87.18% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.32 Bn | 26.94 Bn | 1.81 Bn | 57.23% |
| 2 | MGM Resorts International | 10.99 Bn | 8.44 Bn | 3.10 Bn | 69.69% |
| 3 | Wynn Resorts | 10.29 Bn | 8.72 Bn | 1.14 Bn | 61.15% |
| 4 | Boyd Gaming | 6.09 Bn | 5.77 Bn | 766.76 Mn | 74.13% |
| 5 | Caesars Entertainment | 6.06 Bn | 4.99 Bn | 2.04 Bn | 68.09% |
| 6 | Vail Resorts | 5.45 Bn | 5.08 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.89 Bn | 3.59 Bn | 1.29 Bn | 97.80% |
| 8 | Hilton Grand Vacations | 3.63 Bn | 3.36 Bn | 499.00 Mn | 36.75% |
| 9 | Red Rock Resorts | 3.58 Bn | 2.97 Bn | 420.02 Mn | 82.32% |
| 10 | Studio City International Holdings | 337.03 Mn | 262.00 Mn | 155.38 Mn | 87.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |