MSCI MSCI Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 82.9%+0.4pp | 82.4%+0.1pp | 82.4%+0.2pp | 82.2%+0.1pp | 82.1%+0.1pp | |
| Operating margin | 55.4%+0.7pp | 54.7%+0.5pp | 54.2%+0.3pp | 53.9%+0.3pp | 53.6%+0.1pp | |
| Net margin | 40.7%+2.4pp | 38.4%-1.7pp | 40%+0.6pp | 39.5%+0.4pp | 39.1%+0.2pp | |
| EBITDA margin | 56.1%+0.7pp | 55.4%+0.6pp | 54.8%+0.3pp | 54.5%+0.3pp | 54.2%+0.1pp | |
| Free cash flow margin | 48.3%-1.2pp | 49.4%+1.1pp | 48.3%-0.1pp | 48.4%-1.6pp | 50%-1.4pp | |
| Returns | ||||||
| Return on assets | 24.2%+2.7pp | 21.6%-1.1pp | 22.7%+0.9pp | 21.8%+0.7pp | 21.1%+0.9pp | |
| Return on invested capital | 44.9%+2.4pp | 42.6%+1.5pp | 41.1%+2.6pp | 38.5%+1.0pp | 37.4%+0.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.5×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.8×0.0× | |
| Quick ratio | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.8×0.0× | |
| Cash ratio | 0.2×0.0× | 0.3×0.0× | 0.3×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Leverage | ||||||
| Debt-to-assets | 1.2×+0.1× | 1.1×+0.1× | 1×+0.2× | 0.9×0.0× | 0.9×0.0× | |
| Net debt / EBITDA | 3.4×+0.1× | 3.4×+0.2× | 3.1×+0.5× | 2.6×-0.1× | 2.7×0.0× | |
| Interest coverage | 7.7×-0.4× | 8.2×-0.5× | 8.6×-0.1× | 8.7×+0.3× | 8.5×+0.2× | |
| Per Share | ||||||
| Book value per share | -$37.79-9.1% | -$34.64-38.4% | -$25.02-119% | -$11.44+7.2% | -$12.32-3.5% | |
| Valuation | ||||||
| Market capitalization | $39.41B-8.6% | $43.11B-1.8% | $43.9B-1.4% | $44.54B+1.5% | $43.88B-6.7% | |
| Enterprise value | $45.6B-6.8% | $48.93B-0.4% | $49.14B+0.6% | $48.85B+1.3% | $48.21B-6.0% | |
| Price / earnings | 29.9×-6.0× | 35.9×0.0× | 35.9×-1.9× | 37.8×-0.6× | 38.4×-4.0× | |
| Price / sales | 12.2×-1.6× | 13.8×-0.6× | 14.4×-0.5× | 14.9×-0.1× | 15×-1.4× | |
| EV / EBITDA | 25.1×-3.1× | 28.2×-1.2× | 29.3×-0.7× | 30×-0.4× | 30.4×-2.7× | |
| EV / sales | 14.1×-1.5× | 15.6×-0.5× | 16.1×-0.3× | 16.4×-0.1× | 16.5×-1.5× | |
| Free cash flow yield | 4%+0.4pp | 3.6%+0.2pp | 3.4%+0.1pp | 3.2%-0.1pp | 3.3%+0.2pp | |
| Earnings yield | 3.3%+0.6pp | 2.8%0.0pp | 2.8%+0.1pp | 2.6%0.0pp | 2.6%+0.2pp | |
| Dividend yield | 1.4%+0.1pp | 1.3%0.0pp | 1.2%0.0pp | 1.2%0.0pp | 1.2%+0.1pp | |
| PEG ratio | 1.9×-2.4× | 4.3×-22.5× | 26.8×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are MSCI's profit margins?
- MSCI (MSCI) runs a 82.9% gross margin and a 55.4% operating margin, with a 40.7% net margin.
- Where do MSCI's ratios come from?
- Every ratio is computed from MSCI's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
