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MSCI MSCI Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin82.9%+0.7pp82.4%+0.5pp82.4%+0.4pp82.2%+0.1pp82.1%-0.1pp
Operating margin55.4%+1.8pp54.7%+1.2pp54.2%+0.9pp53.9%+0.4pp53.6%-0.3pp
Net margin40.7%+1.7pp38.4%-0.5pp40%-3.0pp39.5%-4.4pp39.1%-5.5pp
EBITDA margin56.1%+1.9pp55.4%+1.3pp54.8%+0.9pp54.5%+0.3pp54.2%-0.4pp
Free cash flow margin48.3%-1.8pp49.4%-2.0pp48.3%-2.9pp48.4%0.0pp50%+2.2pp
Returns
Return on assets24.2%+3.1pp21.6%+1.3pp22.7%-0.8pp21.8%-1.4pp21.1%-1.0pp
Return on invested capital44.9%+7.5pp42.6%+5.6pp41.1%+0.3pp38.5%-0.8pp37.4%-0.9pp
Efficiency
Asset turnover0.6×+0.1×0.6×0.0×0.6×0.0×0.6×0.0×0.5×0.0×
Liquidity
Current ratio0.9×0.0×0.9×+0.1×0.9×-0.1×0.9×-0.1×0.8×-0.2×
Quick ratio0.9×0.0×0.9×+0.1×0.9×-0.1×0.9×-0.1×0.8×-0.2×
Cash ratio0.2×0.0×0.3×0.0×0.3×-0.1×0.2×-0.1×0.2×-0.1×
Leverage
Debt-to-assets1.2×+0.3×1.1×+0.3×+0.2×0.9×0.0×0.9×0.0×
Net debt / EBITDA3.4×+0.7×3.4×+0.6×3.1×+0.4×2.6×-0.2×2.7×-0.2×
Interest coverage7.7×-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 / earnings29.9×-8.6×35.9×-6.5×35.9×-2.3×37.8×+5.6×38.4×+0.4×
Price / sales12.2×-2.9×13.8×-2.7×14.4×-2.1×14.9×+0.8×15×-1.9×
EV / EBITDA25.1×-5.4×28.2×-5.0×29.3×-3.9×30×+1.1×30.4×-3.5×
EV / sales14.1×-2.4×15.6×-2.3×16.1×-1.8×16.4×+0.7×16.5×-2.0×
Free cash flow yield4%+0.6pp3.6%+0.5pp3.4%+0.2pp3.2%-0.2pp3.3%+0.5pp
Earnings yield3.3%+0.7pp2.8%+0.4pp2.8%+0.2pp2.6%-0.5pp2.6%0.0pp
Dividend yield1.4%+0.2pp1.3%+0.2pp1.2%+0.2pp1.2%-0.1pp1.2%+0.2pp
PEG ratio1.9×4.3×26.8×+25.3×

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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.