MSCI MSCI Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 329.9%+0.7pp | 329.1%+0.5pp | 328.7%+0.4pp | 328.3%+0.1pp | 328.1%-0.1pp | |
| Operating margin | 218.1%+1.8pp | 216.3%+1.2pp | 215.2%+0.9pp | 214.3%+0.4pp | 213.9%-0.3pp | |
| Net margin | 158.6%+1.7pp | 156.9%-0.5pp | 157.4%-3.0pp | 160.4%-4.4pp | 164.8%-5.5pp | |
| EBITDA margin | 220.9%+1.9pp | 218.9%+1.3pp | 217.6%+0.9pp | 216.7%+0.3pp | 216.4%-0.4pp | |
| Free cash flow margin | 194.4%-1.8pp | 196.2%-2.0pp | 198.2%-2.9pp | 201.1%0.0pp | 201.1%+2.2pp | |
| Returns | ||||||
| Return on assets | 90.2%+3.1pp | 87.1%+1.3pp | 85.8%-0.8pp | 86.6%-1.4pp | 88%-1.0pp | |
| Return on invested capital | 167%+7.5pp | 159.5%+5.6pp | 153.9%+0.3pp | 153.6%-0.8pp | 154.4%-0.9pp | |
| Efficiency | ||||||
| Asset turnover | 2.3×+0.1× | 2.2×0.0× | 2.2×0.0× | 2.2×0.0× | 2.1×0.0× | |
| Liquidity | ||||||
| Current ratio | 3.5×0.0× | 3.5×+0.1× | 3.4×-0.1× | 3.5×-0.1× | 3.6×-0.2× | |
| Quick ratio | 3.5×0.0× | 3.5×+0.1× | 3.4×-0.1× | 3.5×-0.1× | 3.6×-0.2× | |
| Cash ratio | 1×0.0× | 1×0.0× | 1×-0.1× | 1.1×-0.1× | 1.2×-0.1× | |
| Leverage | ||||||
| Debt-to-assets | 4.2×+0.3× | 3.9×+0.3× | 3.6×+0.2× | 3.5×0.0× | 3.4×0.0× | |
| Net debt / EBITDA | 12.5×+0.7× | 11.9×+0.6× | 11.3×+0.4× | 10.9×-0.2× | 11.1×-0.2× | |
| Interest coverage | 33.2×-0.7× | 33.9×-0.1× | 34×+0.6× | 33.4×+1.0× | 32.4×+0.9× | |
| Per Share | ||||||
| Book value per share | -$108.89-30.5% | -$83.41-37.5% | -$60.68-34.2% | -$45.20-5.0% | -$43.03-10.6% | |
| Valuation | ||||||
| Market capitalization | $170.96B-2.5% | $175.43B-2.2% | $179.35B-1.2% | $181.55B+3.6% | $175.16B-0.3% | |
| Enterprise value | $192.53B-1.3% | $195.14B-1.2% | $197.48B-0.5% | $198.57B+3.4% | $192.08B-0.2% | |
| Price / earnings | 139.4×-8.6× | 148×-6.5× | 154.5×-2.3× | 156.8×+5.6× | 151.2×+0.4× | |
| Price / sales | 55.2×-2.9× | 58.1×-2.7× | 60.8×-2.1× | 62.8×+0.8× | 62×-1.9× | |
| EV / EBITDA | 112.6×-5.4× | 118×-5.0× | 123×-3.9× | 126.9×+1.1× | 125.8×-3.5× | |
| EV / sales | 62.1×-2.4× | 64.6×-2.3× | 66.9×-1.8× | 68.7×+0.7× | 68×-2.0× | |
| Free cash flow yield | 14.2%+0.6pp | 13.5%+0.5pp | 13.1%+0.2pp | 12.8%-0.2pp | 13%+0.5pp | |
| Earnings yield | 11.6%+0.7pp | 10.8%+0.4pp | 10.4%+0.2pp | 10.2%-0.5pp | 10.7%0.0pp | |
| Dividend yield | 5.2%+0.2pp | 4.9%+0.2pp | 4.7%+0.2pp | 4.5%-0.1pp | 4.6%+0.2pp |
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.
