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 $137.0B against $46.9B — 2.9× the size. S&P Global Inc. trades at the lower P/E: 27.6× against 34.8×. MSCI Inc grew revenue faster over the last twelve months: 12.3% against 12.3%. MSCI Inc has the higher net margin (40.3% vs 30.5%) and the higher return on invested capital (34.7% vs 15.5%). Both pay a dividend; MSCI Inc yields more (1.21% vs 0.82%). Across the 20 metrics below, MSCI Inc leads on 11 and S&P Global Inc. on 9.

Valuation

Metric MSCI SPGI Financial Data & Stock Exchanges median
P/E 34.79 27.60 24.85
P/S 13.83 8.44 6.75
P/B n/m 6.96 4.56
Price to free cash flow 32.64 23.63 20.23
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 2.87% 3.62% 4.00%
Free cash flow yield 3.06% 4.23% 4.59%

Profitability

Metric MSCI SPGI Financial Data & Stock Exchanges median
Gross margin 82.89% 71.03% 72.83%
Operating margin 55.65% 46.24% 29.06%
Net margin 40.31% 30.48% 25.36%
Free cash flow margin 42.38% 35.71% 32.14%
Return on equity (56.11%) 18.79% 17.00%
Return on assets 25.19% 9.25% 8.22%
Return on invested capital 34.71% 15.52% 10.55%

Growth

Metric MSCI SPGI Financial Data & Stock Exchanges median
Revenue growth (TTM) 12.34% 12.27% 10.44%
EPS growth (last fiscal year) 11.67% 18.70% 13.54%
Revenue growth, 5-year CAGR 13.08% 15.56% 9.24%
Net income growth, 5-year CAGR 14.84% 13.83% 10.85%

Health

Metric MSCI SPGI Financial Data & Stock Exchanges median
Debt to equity (2.23) 0.66 0.67
Current ratio 0.82 0.74 1.04
Net debt to EBITDA 2.93 1.47 1.20

Dividend

Metric MSCI SPGI Financial Data & Stock Exchanges median
Dividend yield 1.21% 0.82% 1.13%
Payout ratio 0.42 0.23 0.29

Size

Metric MSCI SPGI Financial Data & Stock Exchanges median
Market cap 46.90b 136.95b 38.07b

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