MSCI MSCI Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 82.9%+0.7pp | 82.4%+0.5pp | 82.4%+0.4pp | 82.2%+0.1pp | 82.1%-0.1pp | |
| Operating margin | 55.4%+1.8pp | 54.7%+1.2pp | 54.2%+0.9pp | 53.9%+0.4pp | 53.6%-0.3pp | |
| Net margin | 40.7%+1.7pp | 38.4%-0.5pp | 40%-3.0pp | 39.5%-4.4pp | 39.1%-5.5pp | |
| EBITDA margin | 56.1%+1.9pp | 55.4%+1.3pp | 54.8%+0.9pp | 54.5%+0.3pp | 54.2%-0.4pp | |
| Free cash flow margin | 48.3%-1.8pp | 49.4%-2.0pp | 48.3%-2.9pp | 48.4%0.0pp | 50%+2.2pp | |
| Returns | ||||||
| Return on assets | 24.2%+3.1pp | 21.6%+1.3pp | 22.7%-0.8pp | 21.8%-1.4pp | 21.1%-1.0pp | |
| Return on invested capital | 44.9%+7.5pp | 42.6%+5.6pp | 41.1%+0.3pp | 38.5%-0.8pp | 37.4%-0.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×+0.1× | 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×+0.1× | 0.9×-0.1× | 0.9×-0.1× | 0.8×-0.2× | |
| Quick ratio | 0.9×0.0× | 0.9×+0.1× | 0.9×-0.1× | 0.9×-0.1× | 0.8×-0.2× | |
| Cash ratio | 0.2×0.0× | 0.3×0.0× | 0.3×-0.1× | 0.2×-0.1× | 0.2×-0.1× | |
| Leverage | ||||||
| Debt-to-assets | 1.2×+0.3× | 1.1×+0.3× | 1×+0.2× | 0.9×0.0× | 0.9×0.0× | |
| Net debt / EBITDA | 3.4×+0.7× | 3.4×+0.6× | 3.1×+0.4× | 2.6×-0.2× | 2.7×-0.2× | |
| Interest coverage | 7.7×-0.7× | 8.2×-0.1× | 8.6×+0.6× | 8.7×+1.0× | 8.5×+0.9× | |
| Per Share | ||||||
| Book value per share | -$37.79-207% | -$34.64-191% | -$25.02-162% | -$11.44-23.4% | -$12.32-50.6% | |
| Valuation | ||||||
| Market capitalization | $39.41B-10.2% | $43.11B-8.3% | $43.9B-4.8% | $44.54B+16.7% | $43.88B-1.1% | |
| Enterprise value | $45.6B-5.4% | $48.93B-4.6% | $49.14B-2.2% | $48.85B+15.3% | $48.21B-0.7% | |
| Price / earnings | 29.9×-8.6× | 35.9×-6.5× | 35.9×-2.3× | 37.8×+5.6× | 38.4×+0.4× | |
| Price / sales | 12.2×-2.9× | 13.8×-2.7× | 14.4×-2.1× | 14.9×+0.8× | 15×-1.9× | |
| EV / EBITDA | 25.1×-5.4× | 28.2×-5.0× | 29.3×-3.9× | 30×+1.1× | 30.4×-3.5× | |
| EV / sales | 14.1×-2.4× | 15.6×-2.3× | 16.1×-1.8× | 16.4×+0.7× | 16.5×-2.0× | |
| Free cash flow yield | 4%+0.6pp | 3.6%+0.5pp | 3.4%+0.2pp | 3.2%-0.2pp | 3.3%+0.5pp | |
| Earnings yield | 3.3%+0.7pp | 2.8%+0.4pp | 2.8%+0.2pp | 2.6%-0.5pp | 2.6%0.0pp | |
| Dividend yield | 1.4%+0.2pp | 1.3%+0.2pp | 1.2%+0.2pp | 1.2%-0.1pp | 1.2%+0.2pp | |
| PEG ratio | 1.9×— | 4.3×— | 26.8×+25.3× | —— | —— |
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.
