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MSCI (MSCI) Financials

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$566.42 +7.75 (+1.39%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$556.25 -10.17 (-1.80%)
As of 05/27/2025 07:24 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for MSCI

Annual Income Statements for MSCI

This table shows MSCI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
1,109 1,149 871 726 602 564 508 304 261 224
Consolidated Net Income / (Loss)
1,109 1,149 871 726 602 564 508 304 261 224
Net Income / (Loss) Continuing Operations
1,109 1,149 871 726 602 564 508 304 261 230
Total Pre-Tax Income
1,356 1,369 1,044 858 686 603 630 467 386 350
Total Operating Income
1,529 1,385 1,208 1,073 885 756 687 580 488 404
Total Gross Profit
2,342 2,082 1,844 1,685 1,404 1,263 1,147 1,000 899 807
Total Revenue
2,856 2,529 2,249 2,044 1,695 1,558 1,434 1,274 1,151 1,075
Operating Revenue
2,856 2,529 2,249 2,044 1,695 1,558 1,434 1,274 1,151 1,075
Total Cost of Revenue
514 447 404 359 292 295 287 274 252 268
Operating Cost of Revenue
514 447 404 359 292 295 287 274 252 268
Total Operating Expenses
813 698 637 612 519 507 460 421 410 403
Selling, General & Admin Expense
182 154 147 148 115 110 100 88 87 86
Marketing Expense
291 276 265 243 216 219 193 177 167 162
Research & Development Expense
159 132 107 112 101 98 81 76 75 77
Depreciation Expense
17 21 27 29 30 30 31 35 34 31
Amortization Expense
164 114 91 81 57 49 54 45 47 47
Total Other Income / (Expense), net
-172 -16 -164 -215 -199 -152 -57 -113 -102 -54
Interest Expense
186 187 172 160 156 148 133 116 102 62
Interest & Investment Income
21 34 12 1.50 5.03 16 20 6.31 2.91 1.17
Other Income / (Expense), net
-8.13 137 -4.00 -56 -47 -21 56 -3.09 -3.42 6.88
Income Tax Expense
247 220 173 132 84 40 122 163 125 120
Basic Earnings per Share
$14.09 $14.45 $10.78 $8.80 $7.19 $6.66 $5.83 $3.36 $2.72 $2.05
Weighted Average Basic Shares Outstanding
78.71M 79.46M 80.75M 82.51M 83.72M 84.64M 87.18M 90.34M 95.99M 109.12M
Diluted Earnings per Share
$14.05 $14.39 $10.72 $8.70 $7.12 $6.59 $5.66 $3.31 $2.70 $2.03
Weighted Average Diluted Shares Outstanding
78.96M 79.84M 81.22M 83.48M 84.52M 85.54M 89.70M 91.91M 96.54M 109.93M
Weighted Average Basic & Diluted Shares Outstanding
77.65M 79.09M 79.96M 81.27M 82.57M 84.81M 88M 90.50M 95.90M 109.10M
Cash Dividends to Common per Share
$6.40 $5.52 $4.58 $3.64 $2.92 $2.52 $1.92 $1.32 $1.00 $0.80

Quarterly Income Statements for MSCI

This table shows MSCI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
289 306 281 267 256 403 260 247 239 215 217
Consolidated Net Income / (Loss)
289 306 281 267 256 403 260 247 239 215 217
Net Income / (Loss) Continuing Operations
289 306 281 267 256 403 260 247 239 215 217
Total Pre-Tax Income
331 363 357 340 296 468 318 307 276 266 269
Total Operating Income
377 405 401 383 339 371 353 346 315 309 310
Total Gross Profit
609 612 599 580 551 568 520 511 484 474 462
Total Revenue
746 744 725 708 680 690 625 621 592 576 561
Operating Revenue
746 744 725 708 680 690 625 621 592 576 561
Total Cost of Revenue
137 132 126 128 129 123 105 110 109 102 98
Operating Cost of Revenue
137 132 126 128 129 123 105 110 109 102 98
Total Operating Expenses
232 207 197 197 212 197 167 165 169 165 153
Selling, General & Admin Expense
57 44 42 40 57 40 37 36 41 34 31
Marketing Expense
79 77 71 71 72 75 67 68 66 72 66
Research & Development Expense
48 38 39 41 41 39 31 30 31 29 26
Depreciation Expense
4.75 4.34 4.33 4.23 4.08 5.10 5.25 5.20 5.46 6.47 7.13
Amortization Expense
44 43 42 41 39 37 27 26 25 24 23
Total Other Income / (Expense), net
-46 -42 -44 -43 -43 97 -36 -39 -38 -43 -40
Interest Expense
46 46 47 47 47 47 47 47 46 46 44
Interest & Investment Income
3.88 3.90 5.22 6.11 6.05 3.40 10 10 10 6.61 3.94
Other Income / (Expense), net
-3.34 -0.25 -2.93 -2.09 -2.86 141 0.94 -2.58 -2.39 -4.09 -0.10
Income Tax Expense
42 58 76 73 40 64 58 60 38 51 53
Basic Earnings per Share
$3.72 $3.91 $3.58 $3.37 $3.23 $5.09 $3.28 $3.10 $2.98 $2.69 $2.69
Weighted Average Basic Shares Outstanding
77.63M 78.71M 78.50M 79.09M 79.20M 79.46M 79.12M 79.59M 80.04M 80.75M 80.50M
Diluted Earnings per Share
$3.71 $3.89 $3.57 $3.37 $3.22 $5.06 $3.27 $3.09 $2.97 $2.67 $2.68
Weighted Average Diluted Shares Outstanding
77.81M 78.96M 78.73M 79.25M 79.51M 79.84M 79.50M 79.91M 80.48M 81.22M 80.87M
Weighted Average Basic & Diluted Shares Outstanding
77.37M 77.65M 78.37M 78.65M 79.22M 79.09M 79.09M 79.09M 80.06M 79.96M 79.96M
Cash Dividends to Common per Share
$1.80 - $1.60 $1.60 $1.60 - $1.38 $1.38 $1.38 - $1.25

Annual Cash Flow Statements for MSCI

This table details how cash moves in and out of MSCI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-52 -532 -428 121 -206 602 21 98 14 269
Net Cash From Operating Activities
1,502 1,236 1,095 936 811 710 613 404 442 321
Net Cash From Continuing Operating Activities
1,502 1,236 1,095 936 811 706 613 404 442 321
Net Income / (Loss) Continuing Operations
1,109 1,149 871 726 602 564 508 304 261 224
Consolidated Net Income / (Loss)
1,109 1,149 871 726 602 564 508 304 261 224
Depreciation Expense
17 21 27 29 30 30 31 35 34 31
Amortization Expense
194 143 121 110 85 76 58 48 50 49
Non-Cash Adjustments To Reconcile Net Income
94 -64 60 122 98 59 -23 37 33 26
Changes in Operating Assets and Liabilities, net
87 -13 17 -51 -3.72 -23 38 -20 64 -8.83
Net Cash From Investing Activities
-144 -819 -79 -1,036 -242 -72 35 -48 -42 -49
Net Cash From Continuing Investing Activities
-144 -819 -79 -1,036 -242 -72 35 -48 -42 -49
Purchase of Property, Plant & Equipment
-115 -91 -73 -59 -51 -54 -49 -49 -43 -49
Acquisitions
-27 -727 -0.01 -975 -191 -18 0.00 - -0.06 -6.50
Other Investing Activities, net
-1.67 -1.19 -6.44 -1.06 0.00 0.01 - - - -
Net Cash From Financing Activities
-1,402 -954 -1,425 230 -779 -37 -626 -268 -373 4.70
Net Cash From Continuing Financing Activities
-1,402 -954 -1,425 230 -779 -37 -626 -268 -373 4.70
Repayment of Debt
-563 -8.75 -9.75 -1,073 -1,159 -525 -6.26 - -7.18 -10
Repurchase of Common Equity
-885 -504 -1,398 -198 -779 -292 -950 -150 -775 -701
Payment of Dividends
-509 -441 -373 -302 -246 -223 -171 -120 -96 -88
Issuance of Debt
557 0.00 355 1,804 1,405 1,000 500 - 500 800
Other Financing Activities, net
-2.01 0.00 -0.21 0.00 0.00 3.24 0.61 2.64 5.04 3.63
Effect of Exchange Rate Changes
-7.41 5.41 -19 -8.93 - - - - - -8.18
Cash Interest Paid
180 182 165 151 163 141 126 113 89 42
Cash Income Taxes Paid
201 240 181 223 114 73 143 129 98 130

Quarterly Cash Flow Statements for MSCI

This table details how cash moves in and out of MSCI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-49 -92 50 -68 58 -467 136 -288 87 126 25
Net Cash From Operating Activities
302 431 422 349 300 389 291 292 264 315 323
Net Cash From Continuing Operating Activities
302 431 422 349 300 389 291 292 264 315 323
Net Income / (Loss) Continuing Operations
289 306 281 267 256 403 260 247 239 215 217
Consolidated Net Income / (Loss)
289 306 281 267 256 403 260 247 239 215 217
Depreciation Expense
4.75 4.34 4.33 4.23 4.08 5.10 5.25 5.20 5.46 6.47 7.13
Amortization Expense
51 50 51 48 46 44 34 33 32 31 31
Non-Cash Adjustments To Reconcile Net Income
47 12 30 20 32 -121 13 18 25 17 5.85
Changes in Operating Assets and Liabilities, net
-90 59 56 10 -38 57 -21 -12 -37 46 63
Net Cash From Investing Activities
-33 -37 -28 -47 -32 -750 -21 -27 -22 -27 -18
Net Cash From Continuing Investing Activities
-33 -37 -28 -47 -32 -750 -21 -27 -22 -27 -18
Purchase of Property, Plant & Equipment
-33 -36 -28 -27 -24 -22 -21 -26 -22 -20 -18
Acquisitions
0.00 - - -20 -7.82 -727 - - 0.00 - -
Other Investing Activities, net
-0.04 -0.78 -0.46 -0.15 -0.28 -0.80 - -0.20 -0.19 -6.46 0.00
Net Cash From Financing Activities
-322 -476 -350 -369 -207 -112 -130 -554 -158 -173 -270
Net Cash From Continuing Financing Activities
-322 -476 -350 -369 -207 -112 -130 -554 -158 -173 -270
Repayment of Debt
-65 -195 -25 - -343 -2.19 -2.19 -2.19 -2.19 -2.19 -0.28
Repurchase of Common Equity
-213 -374 -200 -242 -70 -0.03 -19 -441 -44 -70 -169
Payment of Dividends
-144 -125 -126 -127 -131 -109 -109 -110 -112 -100 -101
Issuance of Debt
100 220 - - 337 - - - 0.00 - -
Other Financing Activities, net
0.16 - - - - - - - - - -0.00
Effect of Exchange Rate Changes
4.21 -9.35 6.30 -1.40 -2.96 5.72 -3.62 - - 11 -10
Cash Interest Paid
34 55 34 57 34 57 34 57 34 58 29
Cash Income Taxes Paid
11 40 48 102 11 43 59 120 19 26 31

Annual Balance Sheets for MSCI

This table presents MSCI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
5,445 5,518 4,998 5,507 4,199 4,204 3,388 3,276 3,083 3,147
Total Current Assets
1,344 1,418 1,748 2,143 1,926 2,082 1,435 1,267 1,056 1,063
Cash & Equivalents
409 462 994 1,421 1,301 1,507 904 890 792 778
Accounts Receivable
821 840 663 665 559 499 473 328 222 208
Prepaid Expenses
66 58 55 51 46 44 38 35 30 31
Current Deferred & Refundable Income Taxes
48 59 37 5.95 20 32 19 15 12 46
Plant, Property, & Equipment, net
71 56 54 67 80 91 91 94 96 99
Total Noncurrent Assets
4,031 4,044 3,196 3,297 2,193 2,032 1,862 1,914 1,931 1,985
Goodwill
2,915 2,888 2,230 2,236 1,566 1,563 1,546 1,561 1,556 1,566
Intangible Assets
908 956 559 593 235 261 281 322 348 391
Noncurrent Deferred & Refundable Income Taxes
41 41 29 40 24 21 15 12 9.53 9.18
Other Noncurrent Operating Assets
167 159 164 208 177 187 21 20 18 18
Total Liabilities & Shareholders' Equity
5,445 5,518 4,998 5,507 4,199 4,204 3,388 3,276 3,083 3,147
Total Liabilities
6,385 6,258 6,005 5,670 4,642 4,281 3,554 2,875 2,765 2,246
Total Current Liabilities
1,586 1,517 1,251 1,251 1,022 901 809 608 537 498
Short-Term Debt
0.00 11 8.71 0.00 - - - - - -
Accounts Payable
15 9.81 15 13 14 6.50 3.89 1.61 0.57 2.51
Accrued Expenses
192 168 153 145 144 139 114 86 83 61
Current Deferred Revenue
1,123 1,084 883 825 676 575 538 374 334 318
Current Deferred & Payable Income Tax Liabilities
38 25 8.06 60 26 14 16 15 - -
Current Employee Benefit Liabilities
217 219 182 208 162 166 137 131 119 117
Total Noncurrent Liabilities
4,800 4,741 4,755 4,419 3,620 3,380 2,745 2,267 2,228 1,747
Long-Term Debt
4,511 4,497 4,503 4,161 3,367 3,072 2,576 2,078 2,075 1,579
Noncurrent Deferred & Payable Income Tax Liabilities
48 27 29 3.65 13 67 82 78 94 111
Other Noncurrent Operating Liabilities
241 217 223 254 241 242 88 111 59 57
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-940 -740 -1,008 -163 -443 -77 -166 401 318 901
Total Preferred & Common Equity
-940 -740 -1,008 -163 -443 -77 -166 401 318 901
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
-940 -740 -1,008 -163 -443 -77 -166 401 318 901
Common Stock
1,685 1,589 1,517 1,459 1,404 1,352 1,308 1,266 1,227 1,174
Retained Earnings
4,780 4,180 3,473 2,977 2,554 2,199 1,857 1,505 1,322 1,158
Treasury Stock
-7,334 -6,447 -5,938 -4,540 -4,343 -3,566 -3,273 -2,322 -2,171 -1,396
Accumulated Other Comprehensive Income / (Loss)
-71 -61 -60 -59 -59 -63 -58 -48 -61 -36

Quarterly Balance Sheets for MSCI

This table presents MSCI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
5,344 5,445 5,409 5,457 5,479 5,518 4,865 4,763 5,059 4,998 4,778
Total Current Assets
1,236 1,344 1,286 1,315 1,365 1,418 1,639 1,524 1,811 1,748 1,527
Cash & Equivalents
361 409 501 451 519 462 929 792 1,081 994 867
Accounts Receivable
749 821 644 709 746 840 603 613 642 663 525
Prepaid Expenses
73 66 64 56 56 58 53 49 55 55 52
Current Deferred & Refundable Income Taxes
52 48 77 99 44 59 55 70 33 37 83
Plant, Property, & Equipment, net
86 71 62 64 56 56 58 61 59 54 54
Total Noncurrent Assets
4,023 4,031 4,061 4,078 4,058 4,044 3,168 3,178 3,189 3,196 3,196
Goodwill
2,919 2,915 2,916 2,909 2,891 2,888 2,230 2,232 2,231 2,230 2,226
Intangible Assets
887 908 931 949 948 956 536 546 551 559 566
Noncurrent Deferred & Refundable Income Taxes
41 41 42 40 39 41 35 28 29 29 28
Other Noncurrent Operating Assets
177 167 172 179 180 159 156 160 166 164 161
Total Liabilities & Shareholders' Equity
5,344 5,445 5,409 5,457 5,479 5,518 4,865 4,763 5,059 4,998 4,778
Total Liabilities
6,303 6,385 6,160 6,191 6,129 6,258 5,915 5,956 5,960 6,005 5,855
Total Current Liabilities
1,466 1,586 1,378 1,376 1,369 1,517 1,205 1,218 1,209 1,251 1,067
Accounts Payable
11 15 8.75 13 12 9.81 10 7.28 11 15 5.30
Accrued Expenses
208 192 209 191 174 168 171 161 166 153 171
Current Deferred Revenue
1,083 1,123 943 1,018 1,054 1,084 837 910 920 883 736
Current Deferred & Payable Income Tax Liabilities
72 38 39 25 45 25 20 12 27 8.06 3.77
Current Employee Benefit Liabilities
93 217 179 130 85 219 157 119 76 182 142
Total Noncurrent Liabilities
4,837 4,800 4,782 4,815 4,760 4,741 4,710 4,738 4,751 4,755 4,788
Long-Term Debt
4,547 4,511 4,485 4,509 4,508 4,497 4,500 4,501 4,502 4,503 4,504
Noncurrent Deferred & Payable Income Tax Liabilities
52 48 61 70 18 27 4.22 18 27 29 47
Other Noncurrent Operating Liabilities
238 241 236 236 235 217 206 220 222 223 236
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 - - - 0.00 0.00
Total Equity & Noncontrolling Interests
-959 -940 -751 -734 -651 -740 -1,049 -1,194 -901 -1,008 -1,077
Total Preferred & Common Equity
-959 -940 -751 -734 -651 -740 -1,049 -1,194 -901 -1,008 -1,077
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
-959 -940 -751 -734 -651 -740 -1,049 -1,194 -901 -1,008 -1,077
Common Stock
1,726 1,685 1,662 1,644 1,624 1,589 1,573 1,555 1,538 1,517 1,506
Retained Earnings
4,928 4,780 4,600 4,446 4,306 4,180 3,886 3,736 3,600 3,473 3,359
Treasury Stock
-7,548 -7,334 -6,961 -6,759 -6,517 -6,447 -6,447 -6,428 -5,982 -5,938 -5,868
Accumulated Other Comprehensive Income / (Loss)
-64 -71 -53 -65 -64 -61 -61 -57 -57 -60 -74

Annual Metrics And Ratios for MSCI

This table displays calculated financial ratios and metrics derived from MSCI's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
12.94% 12.47% 10.03% 20.54% 8.83% 8.63% 12.54% 10.73% 7.04% 7.86%
EBITDA Growth
2.75% 24.74% 16.96% 21.26% 13.30% 1.00% 26.14% 15.98% 15.98% 15.78%
EBIT Growth
-0.06% 26.39% 18.44% 21.34% 13.96% -1.13% 28.90% 18.98% 17.99% 21.06%
NOPAT Growth
7.61% 15.34% 10.98% 16.96% 9.91% 27.47% 46.73% 14.41% 24.12% 22.18%
Net Income Growth
-3.44% 31.94% 19.92% 20.63% 6.77% 10.98% 67.08% 16.53% 16.64% -21.28%
EPS Growth
-2.36% 34.24% 23.22% 22.19% 8.04% 16.43% 71.00% 22.59% 33.00% -16.46%
Operating Cash Flow Growth
21.49% 12.84% 17.02% 15.41% 14.32% 15.79% 51.61% -8.64% 37.70% 5.10%
Free Cash Flow Firm Growth
821.12% -85.83% 6,007.34% -102.17% 15.27% 13.09% 64.24% -10.02% 57.13% -47.00%
Invested Capital Growth
-4.38% 44.00% -2.62% 64.63% -3.80% -1.08% -5.33% -0.71% -6.00% -0.54%
Revenue Q/Q Growth
1.91% 4.72% 1.19% 5.48% 2.23% 2.97% 1.91% 3.41% 1.76% 2.07%
EBITDA Q/Q Growth
-5.56% 14.92% 1.49% 5.57% 5.80% -3.32% 8.29% 4.31% 3.47% 2.97%
EBIT Q/Q Growth
-6.55% 15.73% 1.60% 5.56% 6.44% -4.62% 9.31% 5.20% 3.72% 5.54%
NOPAT Q/Q Growth
1.26% 6.73% 2.93% 3.75% 2.39% 5.61% 11.80% -2.79% 4.09% 9.39%
Net Income Q/Q Growth
-8.11% 19.62% 2.48% 5.47% 5.88% -4.95% 20.82% -1.19% 3.51% 7.22%
EPS Q/Q Growth
-7.69% 19.92% 3.38% 5.45% 6.43% -4.91% 23.85% -1.19% 7.14% 7.98%
Operating Cash Flow Q/Q Growth
2.85% 6.32% 3.38% 4.90% -0.94% 11.03% 5.15% 1.08% 10.57% -2.28%
Free Cash Flow Firm Q/Q Growth
332.86% -86.49% 3.32% 62.55% 1.41% 9.38% 7.67% -3.17% 16.95% -1.72%
Invested Capital Q/Q Growth
-2.21% 42.48% -2.42% -2.14% -3.63% -3.91% -2.34% -2.99% -3.09% -0.08%
Profitability Metrics
- - - - - - - - - -
Gross Margin
81.99% 82.34% 82.02% 82.45% 82.79% 81.07% 79.96% 78.52% 78.09% 75.10%
EBITDA Margin
60.63% 66.65% 60.09% 56.53% 56.20% 53.98% 58.06% 51.80% 49.46% 45.65%
Operating Margin
53.52% 54.75% 53.71% 52.49% 52.19% 48.51% 47.90% 45.50% 42.42% 37.57%
EBIT Margin
53.23% 60.15% 53.53% 49.73% 49.40% 47.18% 51.84% 45.26% 42.12% 38.21%
Profit (Net Income) Margin
38.83% 45.42% 38.72% 35.53% 35.50% 36.18% 35.42% 23.86% 22.67% 20.80%
Tax Burden Percent
81.78% 83.90% 83.40% 84.60% 87.70% 93.42% 80.63% 65.10% 67.59% 63.98%
Interest Burden Percent
89.20% 90.00% 86.72% 84.44% 81.94% 82.09% 84.74% 80.96% 79.63% 85.10%
Effective Tax Rate
18.22% 16.10% 16.60% 15.40% 12.30% 6.58% 19.37% 34.90% 32.41% 34.19%
Return on Invested Capital (ROIC)
38.66% 41.47% 43.28% 47.89% 53.13% 47.17% 35.80% 23.66% 19.97% 15.56%
ROIC Less NNEP Spread (ROIC-NNEP)
35.20% 41.11% 38.59% 39.63% 43.01% 38.37% 32.58% 17.72% 13.35% 7.77%
Return on Net Nonoperating Assets (RNNOA)
-170.71% -172.91% -191.92% -287.21% -284.63% -510.68% 397.33% 60.94% 22.83% 3.60%
Return on Equity (ROE)
-132.06% -131.44% -148.64% -239.32% -231.49% -463.51% 433.13% 84.60% 42.80% 19.16%
Cash Return on Invested Capital (CROIC)
43.13% 5.41% 45.93% -0.95% 57.00% 48.25% 41.28% 24.37% 26.16% 16.10%
Operating Return on Assets (OROA)
27.74% 28.93% 22.92% 20.94% 19.93% 19.36% 22.31% 18.14% 15.56% 13.63%
Return on Assets (ROA)
20.23% 21.85% 16.58% 14.96% 14.32% 14.85% 15.24% 9.56% 8.37% 7.42%
Return on Common Equity (ROCE)
-132.06% -131.44% -148.64% -239.32% -231.49% -463.51% 433.13% 84.60% 42.80% 19.16%
Return on Equity Simple (ROE_SIMPLE)
-117.99% -155.26% -86.37% -444.12% -135.78% -734.74% -305.05% 75.80% 82.13% 24.81%
Net Operating Profit after Tax (NOPAT)
1,250 1,162 1,007 908 776 706 554 377 330 266
NOPAT Margin
43.77% 45.93% 44.79% 44.41% 45.77% 45.32% 38.62% 29.62% 28.67% 24.73%
Net Nonoperating Expense Percent (NNEP)
3.46% 0.35% 4.69% 8.26% 10.12% 8.80% 3.21% 5.95% 6.62% 7.80%
Return On Investment Capital (ROIC_SIMPLE)
35.01% 30.83% 28.74% - - - - - - -
Cost of Revenue to Revenue
18.01% 17.66% 17.98% 17.55% 17.21% 18.93% 20.04% 21.48% 21.91% 24.90%
SG&A Expenses to Revenue
6.38% 6.09% 6.53% 7.24% 6.76% 7.07% 6.97% 6.89% 7.58% 8.00%
R&D to Revenue
5.55% 5.22% 4.77% 5.46% 5.96% 6.31% 5.68% 5.95% 6.54% 7.19%
Operating Expenses to Revenue
28.47% 27.59% 28.31% 29.95% 30.61% 32.55% 32.06% 33.02% 35.67% 37.53%
Earnings before Interest and Taxes (EBIT)
1,520 1,521 1,204 1,016 838 735 743 577 485 411
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,732 1,686 1,351 1,155 953 841 833 660 569 491
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 26.54 21.54 7.48
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
16.46 17.49 16.18 24.01 21.06 13.43 8.56 8.35 5.94 6.27
Price to Earnings (P/E)
42.40 38.50 41.79 67.57 59.33 37.12 24.16 35.02 26.22 30.16
Dividend Yield
1.07% 0.99% 1.01% 0.61% 0.68% 1.02% 1.38% 1.12% 1.38% 1.22%
Earnings Yield
2.36% 2.60% 2.39% 1.48% 1.69% 2.69% 4.14% 2.86% 3.81% 3.32%
Enterprise Value to Invested Capital (EV/IC)
16.17 14.60 17.28 21.88 26.24 15.11 9.27 7.44 5.07 4.43
Enterprise Value to Revenue (EV/Rev)
17.90 19.09 17.65 25.24 22.17 14.44 9.72 9.29 7.06 7.02
Enterprise Value to EBITDA (EV/EBITDA)
29.52 28.64 29.37 44.64 39.44 26.74 16.75 17.93 14.27 15.38
Enterprise Value to EBIT (EV/EBIT)
33.63 31.73 32.97 50.75 44.87 30.60 18.76 20.52 16.76 18.37
Enterprise Value to NOPAT (EV/NOPAT)
40.90 41.55 39.40 56.83 48.43 31.85 25.17 31.35 24.62 28.39
Enterprise Value to Operating Cash Flow (EV/OCF)
34.05 39.05 36.23 55.10 46.33 31.69 22.75 29.28 18.36 23.49
Enterprise Value to Free Cash Flow (EV/FCFF)
36.65 318.75 37.13 0.00 45.14 31.14 21.83 30.43 18.80 27.44
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
-4.80 -6.09 -4.48 -25.46 -7.60 -40.04 -15.47 5.18 6.53 1.75
Long-Term Debt to Equity
-4.80 -6.08 -4.47 -25.46 -7.60 -40.04 -15.47 5.18 6.53 1.75
Financial Leverage
-4.85 -4.21 -4.97 -7.25 -6.62 -13.31 12.19 3.44 1.71 0.46
Leverage Ratio
-6.53 -6.02 -8.97 -16.00 -16.16 -31.22 28.41 8.85 5.11 2.58
Compound Leverage Factor
-5.82 -5.42 -7.78 -13.51 -13.24 -25.63 24.08 7.16 4.07 2.20
Debt to Total Capital
126.32% 119.63% 128.76% 104.09% 115.16% 102.56% 106.91% 83.82% 86.73% 63.66%
Short-Term Debt to Total Capital
0.00% 0.29% 0.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
126.32% 119.34% 128.52% 104.09% 115.16% 102.56% 106.91% 83.82% 86.73% 63.66%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
-26.32% -19.63% -28.76% -4.09% -15.16% -2.56% -6.91% 16.18% 13.27% 36.34%
Debt to EBITDA
2.60 2.67 3.34 3.60 3.53 3.65 3.09 3.15 3.65 3.22
Net Debt to EBITDA
2.37 2.40 2.45 2.18 1.97 1.86 2.01 1.80 2.26 1.63
Long-Term Debt to EBITDA
2.60 2.67 3.33 3.60 3.53 3.65 3.09 3.15 3.65 3.22
Debt to NOPAT
3.61 3.88 4.48 4.59 4.34 4.35 4.65 5.51 6.29 5.94
Net Debt to NOPAT
3.28 3.48 3.28 2.78 2.42 2.22 3.02 3.15 3.89 3.02
Long-Term Debt to NOPAT
3.61 3.87 4.47 4.59 4.34 4.35 4.65 5.51 6.29 5.94
Altman Z-Score
7.04 6.65 5.97 7.12 6.79 4.95 4.21 4.08 3.18 3.31
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.85 0.93 1.40 1.71 1.88 2.31 1.77 2.09 1.97 2.13
Quick Ratio
0.78 0.86 1.32 1.67 1.82 2.23 1.70 2.00 1.89 1.98
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,395 151 1,069 -18 832 722 639 389 432 275
Operating Cash Flow to CapEx
1,304.42% 1,360.50% 1,502.67% 1,578.37% 1,591.19% 1,319.55% 1,251.79% 827.90% 1,037.73% 654.31%
Free Cash Flow to Firm to Interest Expense
7.52 0.81 6.23 -0.11 5.33 4.88 4.80 3.35 4.25 4.41
Operating Cash Flow to Interest Expense
8.10 6.62 6.38 5.86 5.19 4.79 4.60 3.48 4.35 5.15
Operating Cash Flow Less CapEx to Interest Expense
7.47 6.13 5.96 5.49 4.86 4.43 4.24 3.06 3.93 4.36
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.52 0.48 0.43 0.42 0.40 0.41 0.43 0.40 0.37 0.36
Accounts Receivable Turnover
3.44 3.37 3.39 3.34 3.21 3.20 3.58 4.64 5.36 5.56
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
45.05 46.08 37.30 27.77 19.81 17.16 15.48 13.41 11.83 11.14
Accounts Payable Turnover
42.29 35.94 28.39 25.90 28.11 56.78 104.41 251.08 163.71 100.13
Days Sales Outstanding (DSO)
106.09 108.45 107.76 109.23 113.87 113.95 101.95 78.65 68.16 65.69
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
8.63 10.16 12.86 14.09 12.98 6.43 3.50 1.45 2.23 3.65
Cash Conversion Cycle (CCC)
97.46 98.29 94.90 95.13 100.89 107.53 98.45 77.19 65.93 62.05
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
3,161 3,306 2,296 2,358 1,432 1,489 1,505 1,590 1,601 1,703
Invested Capital Turnover
0.88 0.90 0.97 1.08 1.16 1.04 0.93 0.80 0.70 0.63
Increase / (Decrease) in Invested Capital
-145 1,010 -62 926 -57 -16 -85 -11 -102 -9.21
Enterprise Value (EV)
51,125 48,270 39,681 51,578 37,581 22,488 13,943 11,833 8,124 7,547
Market Capitalization
47,024 44,224 36,377 49,057 35,706 20,923 12,271 10,645 6,840 6,745
Book Value per Share
($11.99) ($9.35) ($12.61) ($1.98) ($5.35) ($0.91) ($1.89) $4.45 $3.37 $8.78
Tangible Book Value per Share
($60.77) ($57.95) ($47.48) ($36.30) ($27.07) ($22.44) ($22.64) ($16.45) ($16.85) ($10.28)
Total Capital
3,571 3,768 3,504 3,998 2,924 2,995 2,409 2,479 2,393 2,481
Total Debt
4,511 4,508 4,512 4,161 3,367 3,072 2,576 2,078 2,075 1,579
Total Long-Term Debt
4,511 4,497 4,503 4,161 3,367 3,072 2,576 2,078 2,075 1,579
Net Debt
4,101 4,046 3,304 2,521 1,875 1,565 1,671 1,189 1,283 802
Capital Expenditures (CapEx)
115 91 73 59 51 54 49 49 43 49
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-651 -550 -487 -529 -397 -326 -278 -230 -273 -213
Debt-free Net Working Capital (DFNWC)
-242 -88 506 892 904 1,181 626 659 519 565
Net Working Capital (NWC)
-242 -99 497 892 904 1,181 626 659 519 565
Net Nonoperating Expense (NNE)
141 13 137 182 174 142 46 73 69 42
Net Nonoperating Obligations (NNO)
4,101 4,046 3,304 2,521 1,875 1,565 1,671 1,189 1,283 802
Total Depreciation and Amortization (D&A)
211 164 148 139 115 106 89 83 84 80
Debt-free, Cash-free Net Working Capital to Revenue
-22.79% -21.74% -21.68% -25.89% -23.40% -20.90% -19.39% -18.05% -23.70% -19.77%
Debt-free Net Working Capital to Revenue
-8.46% -3.48% 22.51% 43.67% 53.31% 75.81% 43.66% 51.76% 45.11% 52.57%
Net Working Capital to Revenue
-8.46% -3.91% 22.12% 43.67% 53.31% 75.81% 43.66% 51.76% 45.11% 52.57%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$14.09 $14.45 $10.78 $8.80 $7.19 $6.66 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
78.71M 79.46M 80.75M 82.51M 83.72M 84.64M 0.00 0.00 0.00 0.00
Adjusted Diluted Earnings per Share
$14.05 $14.39 $10.72 $8.70 $7.12 $6.59 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
78.96M 79.84M 81.22M 83.48M 84.52M 85.54M 0.00 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
77.65M 79.09M 79.96M 81.27M 82.57M 84.81M 0.00 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
1,250 1,162 1,007 908 776 706 554 377 330 266
Normalized NOPAT Margin
43.77% 45.93% 44.79% 44.41% 45.77% 45.32% 38.62% 29.62% 28.67% 24.73%
Pre Tax Income Margin
47.48% 54.14% 46.42% 41.99% 40.48% 38.73% 43.93% 36.64% 33.54% 32.52%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
8.20 8.15 7.02 6.37 5.36 4.96 5.58 4.97 4.77 6.58
NOPAT to Interest Expense
6.74 6.22 5.87 5.69 4.96 4.77 4.16 3.25 3.25 4.26
EBIT Less CapEx to Interest Expense
7.58 7.66 6.59 6.00 5.03 4.60 5.22 4.55 4.35 5.80
NOPAT Less CapEx to Interest Expense
6.12 5.74 5.45 5.31 4.64 4.41 3.79 2.83 2.83 3.47
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
45.90% 38.39% 42.84% 41.66% 40.95% 39.55% 33.66% 39.38% 36.88% 39.23%
Augmented Payout Ratio
125.72% 82.29% 203.36% 68.99% 170.31% 91.37% 220.69% 88.88% 333.81% 352.54%

Quarterly Metrics And Ratios for MSCI

This table displays calculated financial ratios and metrics derived from MSCI's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
9.69% 7.74% 15.87% 13.97% 14.82% 19.77% 11.56% 12.57% 5.76% 4.80% 8.42%
EBITDA Growth
11.19% -18.18% 15.34% 13.37% 10.56% 63.95% 13.28% 13.45% 7.40% 6.16% 28.26%
EBIT Growth
11.04% -20.82% 12.47% 10.82% 7.78% 67.87% 14.48% 14.38% 7.90% 6.63% 27.66%
NOPAT Growth
11.95% 6.59% 9.36% 7.98% 8.03% 27.94% 15.97% 14.28% 2.49% 12.88% 4.97%
Net Income Growth
12.75% -24.26% 8.18% 8.08% 7.22% 87.64% 19.88% 17.21% 4.51% 10.89% 27.50%
EPS Growth
15.22% -23.12% 9.17% 9.06% 8.42% 89.51% 22.01% 19.31% 6.83% 15.09% 32.02%
Operating Cash Flow Growth
0.53% 10.72% 44.82% 19.69% 13.63% 23.31% -9.89% 37.20% 8.17% 12.79% 49.64%
Free Cash Flow Firm Growth
160.35% 170.31% -285.56% -235.44% -313.54% -321.68% 5.36% 159.55% 150.73% 144.23% 144.49%
Invested Capital Growth
-3.30% -4.38% 39.32% 43.64% 44.06% 44.00% -1.39% -9.60% -2.89% -2.62% -2.33%
Revenue Q/Q Growth
0.31% 2.59% 2.37% 4.12% -1.47% 10.34% 0.69% 4.89% 2.78% 2.78% 1.60%
EBITDA Q/Q Growth
-6.42% 1.16% 4.83% 12.05% -31.14% 42.60% 3.04% 9.27% 2.11% -1.46% 3.18%
EBIT Q/Q Growth
-7.72% 1.64% 4.70% 13.07% -34.20% 44.37% 3.17% 9.98% 2.48% -1.54% 3.08%
NOPAT Q/Q Growth
-3.54% 7.87% 5.21% 2.25% -8.15% 10.68% 3.89% 2.30% 8.77% 0.32% 2.37%
Net Income Q/Q Growth
-5.54% 8.76% 5.30% 4.22% -36.55% 55.35% 5.20% 3.39% 11.05% -0.75% 2.85%
EPS Q/Q Growth
-4.63% 8.96% 5.93% 4.66% -36.36% 54.74% 5.83% 4.04% 11.24% -0.37% 3.47%
Operating Cash Flow Q/Q Growth
-29.93% 2.14% 20.72% 16.36% -22.83% 33.60% -0.23% 10.47% -16.26% -2.37% 51.90%
Free Cash Flow Firm Q/Q Growth
-9.60% 181.40% 15.91% 2.47% -5.32% -314.82% -38.62% 53.77% 9.33% 2.10% 134.69%
Invested Capital Q/Q Growth
2.09% -2.21% -2.71% -0.45% 0.96% 42.48% 0.31% -0.16% 0.91% -2.42% -8.05%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
81.66% 82.30% 82.59% 81.90% 81.10% 82.24% 83.16% 82.28% 81.65% 82.23% 82.45%
EBITDA Margin
57.59% 61.73% 62.61% 61.14% 56.81% 81.29% 62.90% 61.46% 59.00% 59.38% 61.94%
Operating Margin
50.55% 54.50% 55.38% 54.04% 49.91% 53.72% 56.49% 55.69% 53.12% 53.58% 55.21%
EBIT Margin
50.10% 54.46% 54.98% 53.75% 49.49% 74.11% 56.64% 55.28% 52.72% 52.87% 55.19%
Profit (Net Income) Margin
38.70% 41.09% 38.76% 37.68% 37.64% 58.45% 41.52% 39.74% 40.31% 37.31% 38.63%
Tax Burden Percent
87.17% 84.08% 78.70% 78.46% 86.50% 86.22% 81.74% 80.36% 86.38% 80.92% 80.46%
Interest Burden Percent
88.60% 89.73% 89.59% 89.35% 87.93% 91.48% 89.67% 89.45% 88.52% 87.20% 87.00%
Effective Tax Rate
12.83% 15.92% 21.30% 21.54% 13.50% 13.78% 18.26% 19.64% 13.62% 19.08% 19.54%
Return on Invested Capital (ROIC)
39.22% 40.47% 43.99% 40.68% 39.96% 41.82% 47.72% 43.18% 44.51% 41.90% 41.46%
ROIC Less NNEP Spread (ROIC-NNEP)
38.24% 39.61% 43.04% 39.79% 38.91% 44.09% 46.86% 42.30% 43.49% 40.70% 40.40%
Return on Net Nonoperating Assets (RNNOA)
-194.29% -192.11% -175.82% -156.12% -180.70% -185.44% -149.86% -135.12% -158.36% -202.41% -182.12%
Return on Equity (ROE)
-155.06% -151.64% -131.83% -115.44% -140.75% -143.63% -102.14% -91.95% -113.85% -160.51% -140.66%
Cash Return on Invested Capital (CROIC)
42.51% 43.13% 11.61% 6.98% 5.74% 5.41% 47.97% 53.13% 46.05% 45.93% 43.45%
Operating Return on Assets (OROA)
27.05% 28.38% 29.99% 28.44% 24.58% 35.64% 28.37% 27.08% 24.66% 22.64% 24.73%
Return on Assets (ROA)
20.89% 21.41% 21.15% 19.94% 18.70% 28.11% 20.79% 19.46% 18.86% 15.97% 17.31%
Return on Common Equity (ROCE)
-155.06% -151.64% -131.83% -115.44% -140.75% -143.63% -102.14% -91.95% -113.85% -160.51% -140.66%
Return on Equity Simple (ROE_SIMPLE)
-119.11% 0.00% -160.72% -161.44% -179.21% 0.00% -91.52% -76.83% -97.73% 0.00% -78.84%
Net Operating Profit after Tax (NOPAT)
329 341 316 300 294 320 289 278 272 250 249
NOPAT Margin
44.07% 45.82% 43.58% 42.40% 43.17% 46.32% 46.18% 44.76% 45.89% 43.36% 44.42%
Net Nonoperating Expense Percent (NNEP)
0.98% 0.86% 0.95% 0.88% 1.04% -2.28% 0.86% 0.88% 1.02% 1.20% 1.06%
Return On Investment Capital (ROIC_SIMPLE)
9.16% 9.54% - - - 8.48% - - - 7.13% -
Cost of Revenue to Revenue
18.34% 17.70% 17.41% 18.10% 18.90% 17.76% 16.84% 17.72% 18.35% 17.77% 17.55%
SG&A Expenses to Revenue
7.66% 5.97% 5.73% 5.61% 8.34% 5.86% 5.89% 5.74% 6.93% 5.88% 5.48%
R&D to Revenue
6.38% 5.17% 5.32% 5.80% 5.96% 5.68% 5.03% 4.85% 5.29% 5.04% 4.63%
Operating Expenses to Revenue
31.11% 27.81% 27.21% 27.86% 31.19% 28.52% 26.67% 26.59% 28.53% 28.65% 27.24%
Earnings before Interest and Taxes (EBIT)
374 405 398 381 337 511 354 343 312 305 309
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
430 459 454 433 386 561 393 382 349 342 347
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
15.03 16.46 16.36 14.08 16.84 17.49 16.61 15.76 19.29 16.18 14.94
Price to Earnings (P/E)
38.46 42.40 37.98 32.10 37.79 38.50 41.77 40.39 49.94 41.79 39.09
Dividend Yield
1.17% 1.07% 1.06% 1.24% 1.03% 0.99% 1.06% 1.14% 0.89% 1.01% 1.06%
Earnings Yield
2.60% 2.36% 2.63% 3.12% 2.65% 2.60% 2.39% 2.48% 2.00% 2.39% 2.56%
Enterprise Value to Invested Capital (EV/IC)
14.90 16.17 15.41 12.67 14.39 14.60 18.74 17.53 20.38 17.28 15.57
Enterprise Value to Revenue (EV/Rev)
16.46 17.90 17.78 15.58 18.36 19.09 18.00 17.25 20.70 17.65 16.49
Enterprise Value to EBITDA (EV/EBITDA)
27.10 29.52 27.17 23.75 27.89 28.64 29.64 28.54 34.33 29.37 27.52
Enterprise Value to EBIT (EV/EBIT)
30.88 33.63 30.63 26.61 31.09 31.73 33.07 31.94 38.49 32.97 30.93
Enterprise Value to NOPAT (EV/NOPAT)
37.42 40.90 40.36 34.91 40.60 41.55 39.95 38.67 46.56 39.40 37.44
Enterprise Value to Operating Cash Flow (EV/OCF)
32.00 34.05 34.13 31.68 37.77 39.05 37.40 33.95 42.33 36.23 34.58
Enterprise Value to Free Cash Flow (EV/FCFF)
34.47 36.65 154.64 214.01 295.79 318.75 38.78 31.33 43.60 37.13 35.42
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
-4.74 -4.80 -5.97 -6.14 -6.93 -6.09 -4.30 -3.78 -5.00 -4.48 -4.19
Long-Term Debt to Equity
-4.74 -4.80 -5.97 -6.14 -6.93 -6.08 -4.29 -3.77 -4.99 -4.47 -4.18
Financial Leverage
-5.08 -4.85 -4.09 -3.92 -4.64 -4.21 -3.20 -3.19 -3.64 -4.97 -4.51
Leverage Ratio
-6.73 -6.53 -5.71 -5.30 -6.79 -6.02 -4.53 -4.32 -5.48 -8.97 -7.31
Compound Leverage Factor
-5.96 -5.86 -5.11 -4.74 -5.97 -5.50 -4.07 -3.87 -4.85 -7.82 -6.36
Debt to Total Capital
126.71% 126.32% 120.11% 119.46% 116.87% 119.63% 130.32% 136.00% 124.97% 128.76% 131.36%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.29% 0.25% 0.26% 0.24% 0.25% 0.25%
Long-Term Debt to Total Capital
126.71% 126.32% 120.11% 119.46% 116.87% 119.34% 130.07% 135.73% 124.73% 128.52% 131.11%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
-26.71% -26.32% -20.11% -19.46% -16.87% -19.63% -30.32% -36.00% -24.97% -28.76% -31.36%
Debt to EBITDA
2.56 2.60 2.45 2.54 2.62 2.67 3.07 3.17 3.28 3.34 3.39
Net Debt to EBITDA
2.36 2.37 2.17 2.29 2.32 2.40 2.30 2.47 2.34 2.45 2.58
Long-Term Debt to EBITDA
2.56 2.60 2.45 2.54 2.62 2.67 3.07 3.17 3.27 3.33 3.38
Debt to NOPAT
3.54 3.61 3.63 3.74 3.81 3.88 4.14 4.30 4.45 4.48 4.61
Net Debt to NOPAT
3.26 3.28 3.23 3.36 3.37 3.48 3.10 3.34 3.17 3.28 3.51
Long-Term Debt to NOPAT
3.54 3.61 3.63 3.74 3.81 3.87 4.13 4.29 4.44 4.47 4.60
Altman Z-Score
6.20 6.36 6.40 5.54 6.09 6.04 6.03 5.64 6.22 5.38 5.18
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.84 0.85 0.93 0.96 1.00 0.93 1.36 1.25 1.50 1.40 1.43
Quick Ratio
0.76 0.78 0.83 0.84 0.92 0.86 1.27 1.15 1.43 1.32 1.30
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
439 486 -596 -709 -727 -691 321 524 341 312 305
Operating Cash Flow to CapEx
918.22% 1,197.70% 1,527.51% 1,278.13% 1,238.34% 1,781.82% 1,387.59% 1,102.60% 1,224.24% 1,541.83% 1,794.73%
Free Cash Flow to Firm to Interest Expense
9.44 10.67 -12.78 -15.21 -15.58 -14.71 6.85 11.23 7.37 6.83 6.91
Operating Cash Flow to Interest Expense
6.49 9.46 9.03 7.49 6.43 8.28 6.21 6.26 5.72 6.92 7.32
Operating Cash Flow Less CapEx to Interest Expense
5.78 8.67 8.44 6.90 5.91 7.82 5.76 5.69 5.25 6.47 6.91
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.54 0.52 0.55 0.53 0.50 0.48 0.50 0.49 0.47 0.43 0.45
Accounts Receivable Turnover
3.91 3.44 4.49 4.09 3.77 3.37 4.28 3.92 3.70 3.39 4.35
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
41.32 45.05 46.58 43.28 45.65 46.08 42.98 39.05 36.93 37.30 35.59
Accounts Payable Turnover
46.04 42.29 53.28 47.97 40.93 35.94 54.92 50.63 34.61 28.39 52.39
Days Sales Outstanding (DSO)
93.37 106.09 81.20 89.27 96.75 108.45 85.29 93.16 98.73 107.76 83.94
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
7.93 8.63 6.85 7.61 8.92 10.16 6.65 7.21 10.54 12.86 6.97
Cash Conversion Cycle (CCC)
85.44 97.46 74.35 81.66 87.83 98.29 78.64 85.95 88.18 94.90 76.97
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
3,228 3,161 3,233 3,323 3,338 3,306 2,320 2,313 2,317 2,296 2,353
Invested Capital Turnover
0.89 0.88 1.01 0.96 0.93 0.90 1.03 0.96 0.97 0.97 0.93
Increase / (Decrease) in Invested Capital
-110 -145 912 1,010 1,021 1,010 -33 -246 -69 -62 -56
Enterprise Value (EV)
48,098 51,125 49,831 42,115 48,045 48,270 43,477 40,549 47,211 39,681 36,639
Market Capitalization
43,912 47,024 45,847 38,058 44,056 44,224 40,107 37,042 43,993 36,377 33,209
Book Value per Share
($12.34) ($11.99) ($9.55) ($9.27) ($8.21) ($9.35) ($13.26) ($14.91) ($11.27) ($12.61) ($13.38)
Tangible Book Value per Share
($61.35) ($60.77) ($58.47) ($57.98) ($56.69) ($57.95) ($48.24) ($49.62) ($46.07) ($47.48) ($48.06)
Total Capital
3,588 3,571 3,734 3,774 3,857 3,768 3,460 3,316 3,610 3,504 3,436
Total Debt
4,547 4,511 4,485 4,509 4,508 4,508 4,509 4,510 4,511 4,512 4,513
Total Long-Term Debt
4,547 4,511 4,485 4,509 4,508 4,497 4,500 4,501 4,502 4,503 4,504
Net Debt
4,186 4,101 3,984 4,057 3,988 4,046 3,370 3,507 3,218 3,304 3,431
Capital Expenditures (CapEx)
33 36 28 27 24 22 21 26 22 20 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-591 -651 -593 -513 -523 -550 -485 -478 -470 -487 -399
Debt-free Net Working Capital (DFNWC)
-231 -242 -92 -61 -4.04 -88 443 315 611 506 468
Net Working Capital (NWC)
-231 -242 -92 -61 -4.04 -99 435 306 602 497 460
Net Nonoperating Expense (NNE)
40 35 35 33 38 -84 29 31 33 35 32
Net Nonoperating Obligations (NNO)
4,186 4,101 3,984 4,057 3,988 4,046 3,370 3,507 3,218 3,304 3,431
Total Depreciation and Amortization (D&A)
56 54 55 52 50 50 39 38 37 38 38
Debt-free, Cash-free Net Working Capital to Revenue
-20.24% -22.79% -21.16% -18.97% -20.00% -21.74% -20.09% -20.32% -20.60% -21.68% -17.94%
Debt-free Net Working Capital to Revenue
-7.90% -8.46% -3.29% -2.27% -0.15% -3.48% 18.36% 13.39% 26.77% 22.51% 21.08%
Net Working Capital to Revenue
-7.90% -8.46% -3.29% -2.27% -0.15% -3.91% 18.00% 13.02% 26.39% 22.12% 20.68%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$3.72 $3.91 $3.58 $3.37 $3.23 $5.09 $3.28 $3.10 $2.98 $2.69 $2.69
Adjusted Weighted Average Basic Shares Outstanding
77.63M 78.71M 78.50M 79.09M 79.20M 79.46M 79.12M 79.59M 80.04M 80.75M 80.50M
Adjusted Diluted Earnings per Share
$3.71 $3.89 $3.57 $3.37 $3.22 $5.06 $3.27 $3.09 $2.97 $2.67 $2.68
Adjusted Weighted Average Diluted Shares Outstanding
77.81M 78.96M 78.73M 79.25M 79.51M 79.84M 79.50M 79.91M 80.48M 81.22M 80.87M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
77.37M 77.65M 78.37M 78.65M 79.22M 79.09M 79.09M 79.09M 80.06M 79.96M 79.96M
Normalized Net Operating Profit after Tax (NOPAT)
329 341 316 300 294 320 289 278 272 250 249
Normalized NOPAT Margin
44.07% 45.82% 43.58% 42.40% 43.17% 46.32% 46.18% 44.76% 45.89% 43.36% 44.42%
Pre Tax Income Margin
44.39% 48.87% 49.25% 48.03% 43.52% 67.80% 50.79% 49.45% 46.67% 46.11% 48.02%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
8.04 8.90 8.53 8.16 7.21 10.89 7.55 7.37 6.76 6.68 7.01
NOPAT to Interest Expense
7.07 7.49 6.76 6.44 6.29 6.81 6.16 5.96 5.88 5.48 5.64
EBIT Less CapEx to Interest Expense
7.33 8.11 7.94 7.57 6.69 10.43 7.11 6.80 6.29 6.23 6.60
NOPAT Less CapEx to Interest Expense
6.36 6.70 6.17 5.85 5.77 6.34 5.71 5.40 5.41 5.03 5.23
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
45.68% 45.90% 40.87% 40.22% 39.47% 38.39% 44.97% 46.15% 45.10% 42.84% 42.23%
Augmented Payout Ratio
135.75% 125.72% 83.23% 68.09% 84.95% 82.29% 104.79% 125.14% 109.11% 203.36% 199.10%

Frequently Asked Questions About MSCI's Financials

When does MSCI's financial year end?

According to the most recent income statement we have on file, MSCI's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MSCI's net income changed over the last 9 years?

MSCI's net income appears to be on an upward trend, with a most recent value of $1.11 billion in 2024, rising from $223.65 million in 2015. The previous period was $1.15 billion in 2023. Check out MSCI's forecast to explore projected trends and price targets.

What is MSCI's operating income?
MSCI's total operating income in 2024 was $1.53 billion, based on the following breakdown:
  • Total Gross Profit: $2.34 billion
  • Total Operating Expenses: $813.23 million
How has MSCI revenue changed over the last 9 years?

Over the last 9 years, MSCI's total revenue changed from $1.08 billion in 2015 to $2.86 billion in 2024, a change of 165.7%.

How much debt does MSCI have?

MSCI's total liabilities were at $6.39 billion at the end of 2024, a 2.0% increase from 2023, and a 184.4% increase since 2015.

How much cash does MSCI have?

In the past 9 years, MSCI's cash and equivalents has ranged from $409.35 million in 2024 to $1.51 billion in 2019, and is currently $409.35 million as of their latest financial filing in 2024.

How has MSCI's book value per share changed over the last 9 years?

Over the last 9 years, MSCI's book value per share changed from 8.78 in 2015 to -11.99 in 2024, a change of -236.6%.



This page (NYSE:MSCI) was last updated on 5/28/2025 by MarketBeat.com Staff
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