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MSCI MSCI Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin82.9%+0.4pp82.4%+0.1pp82.4%+0.2pp82.2%+0.1pp82.1%+0.1pp
Operating margin55.4%+0.7pp54.7%+0.5pp54.2%+0.3pp53.9%+0.3pp53.6%+0.1pp
Net margin40.7%+2.4pp38.4%-1.7pp40%+0.6pp39.5%+0.4pp39.1%+0.2pp
EBITDA margin56.1%+0.7pp55.4%+0.6pp54.8%+0.3pp54.5%+0.3pp54.2%+0.1pp
Free cash flow margin48.3%-1.2pp49.4%+1.1pp48.3%-0.1pp48.4%-1.6pp50%-1.4pp
Returns
Return on assets24.2%+2.7pp21.6%-1.1pp22.7%+0.9pp21.8%+0.7pp21.1%+0.9pp
Return on invested capital44.9%+2.4pp42.6%+1.5pp41.1%+2.6pp38.5%+1.0pp37.4%+0.4pp
Efficiency
Asset turnover0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×0.5×0.0×
Liquidity
Current ratio0.9×0.0×0.9×0.0×0.9×0.0×0.9×0.0×0.8×0.0×
Quick ratio0.9×0.0×0.9×0.0×0.9×0.0×0.9×0.0×0.8×0.0×
Cash ratio0.2×0.0×0.3×0.0×0.3×0.0×0.2×0.0×0.2×0.0×
Leverage
Debt-to-assets1.2×+0.1×1.1×+0.1×+0.2×0.9×0.0×0.9×0.0×
Net debt / EBITDA3.4×+0.1×3.4×+0.2×3.1×+0.5×2.6×-0.1×2.7×0.0×
Interest coverage7.7×-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 / earnings29.9×-6.0×35.9×0.0×35.9×-1.9×37.8×-0.6×38.4×-4.0×
Price / sales12.2×-1.6×13.8×-0.6×14.4×-0.5×14.9×-0.1×15×-1.4×
EV / EBITDA25.1×-3.1×28.2×-1.2×29.3×-0.7×30×-0.4×30.4×-2.7×
EV / sales14.1×-1.5×15.6×-0.5×16.1×-0.3×16.4×-0.1×16.5×-1.5×
Free cash flow yield4%+0.4pp3.6%+0.2pp3.4%+0.1pp3.2%-0.1pp3.3%+0.2pp
Earnings yield3.3%+0.6pp2.8%0.0pp2.8%+0.1pp2.6%0.0pp2.6%+0.2pp
Dividend yield1.4%+0.1pp1.3%0.0pp1.2%0.0pp1.2%0.0pp1.2%+0.1pp
PEG ratio1.9×-2.4×4.3×-22.5×26.8×

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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.