MSCI Inc (MSCI) vs S&P Global Inc. (SPGI)

MSCI Inc and S&P Global Inc. are both Financial Data & Stock Exchanges companies. S&P Global Inc. is the larger, with a market value of $119.1B against $41.0B — 2.9× the size. S&P Global Inc. trades at the lower P/E: 24.6× against 30.1×. MSCI Inc grew revenue faster over the last twelve months: 11.6% against 9.67%. MSCI Inc has the higher net margin (40.7% vs 30.5%) and the higher return on invested capital (34.8% vs 10.5%). Both pay a dividend; MSCI Inc yields more (1.04% vs 0.88%). Across the 22 metrics below, S&P Global Inc. leads on 12 and MSCI Inc on 10.

Valuation

Metric MSCI SPGI Financial Data & Stock Exchanges median
P/E 30.13 24.61 21.77
P/S 12.05 7.39 7.79
P/B n/m 3.77 3.85
Price to free cash flow 26.92 21.38 18.75
EV/EBITDA 22.18 15.55 15.55
EV/Sales 13.86 8.07 6.94
Earnings yield 3.32% 4.06% 4.49%
Free cash flow yield 3.71% 4.68% 4.68%

Profitability

Metric MSCI SPGI Financial Data & Stock Exchanges median
Gross margin 82.98% 70.90% 70.90%
Operating margin 55.66% 44.43% 29.55%
Net margin 40.73% 30.53% 23.21%
Free cash flow margin 44.77% 34.57% 29.05%
Return on equity (75.96%) 15.12% 15.34%
Return on assets 24.74% 7.98% 6.82%
Return on invested capital 34.78% 10.50% 9.96%

Growth

Metric MSCI SPGI Financial Data & Stock Exchanges median
Revenue growth (TTM) 11.62% 9.67% 9.16%
EPS growth (last fiscal year) 11.67% 18.70% —
Revenue growth, 5-year CAGR 13.08% 15.56% 7.76%
Net income growth, 5-year CAGR 14.84% 13.83% 9.78%

Health

Metric MSCI SPGI Financial Data & Stock Exchanges median
Debt to equity (2.37) 0.48 0.48
Current ratio 0.89 0.95 1.06
Net debt to EBITDA 2.93 1.47 1.08

Dividend

Metric MSCI SPGI Financial Data & Stock Exchanges median
Dividend yield 1.04% 0.88% 1.16%
Payout ratio 0.46 0.49 0.42

Size

Metric MSCI SPGI Financial Data & Stock Exchanges median
Market cap 41.00b 119.08b 27.94b

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