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 $125.2B against $41.8B — 3.0× the size. S&P Global Inc. trades at the lower P/E: 26.2× against 31.1×. 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 (1.40% vs 0.90%). Across the 20 metrics below, MSCI Inc leads on 10 and S&P Global Inc. on 10.

Valuation

Metric MSCI SPGI Financial Data & Stock Exchanges median
P/E 31.06 26.19 23.59
P/S 12.43 7.87 6.89
P/B n/m 4.01 4.00
Price to free cash flow 27.76 22.75 19.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.22% 3.82% 4.04%
Free cash flow yield 3.60% 4.39% 4.39%

Profitability

Metric MSCI SPGI Financial Data & Stock Exchanges median
Gross margin 82.98% 70.90% 70.90%
Operating margin 55.66% 44.43% 28.27%
Net margin 40.73% 30.53% 22.52%
Free cash flow margin 44.77% 34.57% 28.57%
Return on equity (75.96%) 15.12% 15.12%
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% 15.41%
Revenue growth, 5-year CAGR 13.08% 15.56% 8.62%
Net income growth, 5-year CAGR 14.84% 13.83% 10.27%

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 1.19

Dividend

Metric MSCI SPGI Financial Data & Stock Exchanges median
Dividend yield 1.40% 0.90% 1.28%
Payout ratio 0.43 0.24 0.32

Size

Metric MSCI SPGI Financial Data & Stock Exchanges median
Market cap 41.81b 125.23b 32.17b

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