FactSet Research Systems Inc. (FDS) vs MSCI Inc (MSCI)

FactSet Research Systems Inc. and MSCI Inc are both Financial Data & Stock Exchanges companies. MSCI Inc is the larger, with a market value of $41.8B against $10.7B — 3.9× the size. FactSet Research Systems Inc. trades at the lower P/E: 20.6× against 31.1×. MSCI Inc grew revenue faster over the last twelve months: 11.6% against 6.65%. MSCI Inc has the higher net margin (40.7% vs 21.5%) and the higher return on invested capital (34.8% vs 14.1%). Both pay a dividend; FactSet Research Systems Inc. yields more (1.50% vs 1.40%). Across the 20 metrics below, MSCI Inc leads on 12 and FactSet Research Systems Inc. on 8.

Valuation

Metric FDS MSCI Financial Data & Stock Exchanges median
P/E 20.65 31.06 23.59
P/S 4.31 12.43 6.89
P/B 5.26 n/m 4.00
Price to free cash flow 15.10 27.76 19.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.84% 3.22% 4.04%
Free cash flow yield 6.62% 3.60% 4.39%

Profitability

Metric FDS MSCI Financial Data & Stock Exchanges median
Gross margin 50.61% 82.98% 70.90%
Operating margin 28.27% 55.66% 28.27%
Net margin 21.54% 40.73% 22.52%
Free cash flow margin 28.57% 44.77% 28.57%
Return on equity 0.00% (75.96%) 15.12%
Return on assets 12.63% 24.74% 6.82%
Return on invested capital 14.08% 34.78% 9.96%

Growth

Metric FDS MSCI Financial Data & Stock Exchanges median
Revenue growth (TTM) 6.65% 11.62% 9.16%
EPS growth (last fiscal year) (6.29%) 11.67% 15.41%
Revenue growth, 5-year CAGR 9.24% 13.08% 8.62%
Net income growth, 5-year CAGR 5.95% 14.84% 10.27%

Health

Metric FDS MSCI Financial Data & Stock Exchanges median
Debt to equity 0.68 (2.37) 0.48
Current ratio 0.60 0.89 1.06
Net debt to EBITDA 1.21 2.93 1.19

Dividend

Metric FDS MSCI Financial Data & Stock Exchanges median
Dividend yield 1.50% 1.40% 1.28%
Payout ratio 0.31 0.43 0.32

Size

Metric FDS MSCI Financial Data & Stock Exchanges median
Market cap 10.73b 41.81b 32.17b

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