Friday 6 November 2026 Export MSCI’s income statement to Excel — free account

MSCI Inc

MSCI Financial Financial Data & Stock Exchanges

MSCI Inc’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 9.75% from fiscal 2024.

Revenue: +12.4%
EPS: +14.3%
Free cash flow: −8.93%
Total debt: +22.0%

Quarter to September 2026, against a year earlier

639.96 15.95 −2.43%

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Market cap: $46.9B
P/E: 34.8×
Fwd P/E: 31.4×
Dividend yield: 1.21%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	28.94	38.00	25.73	38.77	62.02	69.62	42.78	38.44	42.58	36.50
Piotroski F-Score Full definition →	7	9	7	6	6	6	7	8	6	8
P/S ratio Full definition →	6.57	9.05	8.96	14.03	22.05	24.74	16.56	17.46	16.54	14.00
P/FCF ratio Full definition →	18.90	32.46	22.80	33.33	49.18	57.66	36.42	38.57	34.06	30.09
P/Operating CF Full definition →	54.41	80.57	74.22	89.69	158.45	180.76	118.05	113.55	109.67	87.58
P/B ratio Full definition →	23.79	28.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	7.70	10.00	10.14	15.05	23.28	26.09	18.12	19.06	17.98	15.82
EV/EBITDA Full definition →	15.47	19.22	18.74	27.20	39.47	44.00	30.07	31.13	29.51	25.59
EV/Operating CF Full definition →	20.02	31.53	23.74	33.04	48.66	56.96	37.21	39.00	34.19	31.22
EV/FCF Full definition →	22.16	35.86	25.80	35.75	51.93	60.81	39.86	42.10	37.03	34.00
Quick Ratio Full definition →	1.89	2.00	1.70	2.23	1.82	1.67	1.32	0.86	0.78	0.82
Current Ratio Full definition →	1.97	2.09	1.77	2.31	1.88	1.71	1.40	0.93	0.85	0.90
Net Debt/EBITDA Full definition →	2.24	1.79	2.15	1.84	2.09	2.28	2.60	2.61	2.36	2.93
Debt/Assets Full definition →	67.32%	63.44%	76.02%	73.59%	80.73%	75.99%	90.28%	81.69%	82.84%	108.77%
Debt/Equity Full definition →	6.53	5.18	(15.47)	(40.33)	(7.65)	(25.60)	(4.48)	(6.09)	(4.80)	(2.34)
Asset Turnover Full definition →	0.37	0.40	0.43	0.41	0.40	0.42	0.43	0.48	0.52	0.56
Operating CF/Net income Full definition →	1.70	1.33	1.21	1.26	1.35	1.29	1.26	1.08	1.35	1.32
Capex/Depreciation Full definition →	(0.50)	(0.59)	(0.55)	(0.51)	(0.44)	(0.43)	(0.49)	(0.55)	(0.54)	(0.58)
Interest Coverage Full definition →	4.80	4.99	5.16	5.10	5.66	6.72	7.04	7.42	8.24	8.16
ROE Full definition →	42.79%	84.60%	433.13%	(463.51%)	(231.49%)	(239.32%)	(148.64%)	(131.44%)	(132.06%)	(66.90%)
ROA Full definition →	8.37%	9.56%	15.24%	14.85%	14.32%	14.96%	16.58%	21.85%	20.23%	21.57%
ROIC Full definition →	19.05%	22.80%	28.53%	31.27%	33.59%	25.79%	30.07%	26.17%	30.22%	35.32%
Return on Tangible Assets Full definition →	42.44%	40.32%	70.84%	44.32%	61.14%	75.69%	157.91%	(2,674.13%)	(649.57%)	(1,231.30%)
Average Days of Receivables Full definition →	70.26	93.84	120.51	116.98	120.25	118.69	107.66	121.17	104.88	114.90
Research and Development Expense of Revenue Full definition →	6.54%	5.95%	5.68%	6.31%	5.96%	5.46%	4.77%	5.22%	5.55%	5.67%
Selling, General and Administrative Expense of Revenue Full definition →	22.07%	20.79%	20.42%	21.14%	19.53%	19.14%	18.30%	17.01%	16.58%	15.95%
Intangible Assets out of Total Assets Full definition →	0.62	0.57	0.54	0.43	0.43	0.51	0.56	0.70	0.70	0.66
Share Based Compensation of Revenue Full definition →	2.78%	2.87%	2.71%	2.64%	3.01%	2.69%	2.58%	2.83%	3.33%	3.55%
Graham Net Nets Full definition →	(0.23)	(0.14)	(0.16)	(0.10)	(0.07)	(0.07)	(0.11)	(0.11)	(0.11)	(0.15)
Graham Number Full definition →	14.23	18.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	3.46%	2.63%	3.89%	2.58%	1.61%	1.44%	2.34%	2.60%	2.35%	2.74%
Free Cash Flow Yield Full definition →	5.29%	3.08%	4.39%	3.00%	2.03%	1.73%	2.75%	2.59%	2.94%	3.32%
Revenue per Share Full definition →	11.99	14.10	16.45	18.40	20.25	24.77	27.85	31.83	36.29	40.97
Operating CF per Share Full definition →	4.61	4.47	7.03	8.38	9.69	11.35	13.57	15.56	19.08	20.76
Capex per Share Full definition →	(0.44)	(0.54)	(0.56)	(0.64)	(0.61)	(0.72)	(0.90)	(1.14)	(1.46)	(1.70)
Free Cash Flow per Share Full definition →	4.16	3.93	6.47	7.75	9.08	10.63	12.66	14.41	17.62	19.07
Cash per Share Full definition →	8.25	9.85	10.37	17.80	15.53	17.23	12.30	5.81	5.20	6.74
Shareholders Equity per Share Full definition →	3.31	4.44	(1.91)	(0.91)	(5.29)	(1.98)	(12.48)	(9.31)	(11.94)	(34.70)
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	3.31	4.44	(1.91)	(0.91)	(5.29)	(1.98)	(12.48)	(9.31)	(11.94)	(34.70)
Free Cash Flow Full definition →	399.74	355.34	563.81	655.75	760.13	876.76	1,022.47	1,145.18	1,386.51	1,458.59
Working Capital Full definition →	519.10	659.46	626.08	1,180.99	903.83	892.47	497.45	(98.87)	(241.63)	(184.94)
Capital Expenditures Full definition →	(42.63)	(48.82)	(48.95)	(53.77)	(50.97)	(59.31)	(72.89)	(90.85)	(115.12)	(129.86)
Net Current Asset Value Full definition →	(1,709.30)	(1,607.53)	(2,119.36)	(2,199.38)	(2,716.28)	(3,526.76)	(4,257.49)	(4,839.83)	(5,041.41)	(6,712.23)
EV/EBIT Full definition →	18.15	21.98	21.17	31.02	44.61	49.70	33.75	34.82	33.59	28.94
Capex to Sales Full definition →	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04
Price to Operating Income Full definition →	15.48	19.89	18.71	28.92	42.25	47.12	30.83	31.90	30.90	25.61
Other line items
Depreciation/Fixed assets Full definition →	0.88	0.88	0.98	1.17	1.43	2.08	2.74	2.94	2.98	2.57
Cash ROIC Full definition →	12.55%	10.55%	17.02%	14.50%	17.90%	16.11%	22.73%	27.07%	34.84%	35.90%
Accounts Receivable Turnover Full definition →	5.36	4.64	3.58	3.20	3.21	3.34	3.39	3.37	3.44	3.47
Accounts Payable Turnover Full definition →	163.71	251.08	104.41	56.78	28.11	25.90	28.39	35.94	42.29	36.87
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	0.82	2.15	4.94	8.04	17.83	13.68	13.58	8.02	10.30	10.17
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	214.87	274.55	400.52	486.35	528.92	611.54	663.87	751.40	830.13	903.71
Average Payables Full definition →	1.54	1.09	2.75	5.20	10.38	13.85	14.24	12.43	12.16	14.93
Average Assets Full definition →	3,114.78	3,179.12	3,331.81	3,796.20	4,201.54	4,852.68	5,252.12	5,257.88	5,481.83	5,573.95
Average Common Equity Full definition →	609.55	359.31	117.26	(121.60)	(259.97)	(303.35)	(585.70)	(873.84)	(839.88)	(1,797.27)

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Columns are period end dates · fundamentals updated 2 Nov 2026

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