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MSCI MSCI Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin329.9%+1.7pp329.1%+0.9pp328.7%+0.1pp328.3%-0.7pp328.1%-0.9pp
Operating margin218.1%+4.2pp216.3%+2.1pp215.2%-0.3pp214.3%-2.6pp213.9%-3.9pp
Net margin158.6%-6.2pp156.9%-13.4pp157.4%-19.5pp160.4%-13.2pp164.8%-3.9pp
EBITDA margin220.9%+4.4pp218.9%+2.1pp217.6%-0.7pp216.7%-3.3pp216.4%-4.9pp
Free cash flow margin194.4%-6.7pp196.2%-2.7pp198.2%+2.7pp201.1%+9.8pp201.1%+8.4pp
Returns
Return on assets90.2%+2.2pp87.1%-2.0pp85.8%-4.9pp86.6%-0.5pp88%+5.0pp
Return on invested capital167%+12.6pp159.5%+4.2pp153.9%-2.3pp153.6%-2.2pp154.4%-0.5pp
Efficiency
Asset turnover2.3×+0.1×2.2×+0.1×2.2×+0.1×2.2×+0.2×2.1×+0.2×
Liquidity
Current ratio3.5×-0.1×3.5×-0.2×3.4×-0.4×3.5×-0.8×3.6×-1.0×
Quick ratio3.5×-0.1×3.5×-0.2×3.4×-0.4×3.5×-0.8×3.6×-1.0×
Cash ratio-0.2×-0.3×-0.4×1.1×-0.7×1.2×-0.9×
Leverage
Debt-to-assets4.2×+0.8×3.9×+0.5×3.6×+0.2×3.5×0.0×3.4×-0.2×
Net debt / EBITDA12.5×+1.4×11.9×+0.6×11.3×-0.2×10.9×-0.7×11.1×-0.5×
Interest coverage33.2×+0.8×33.9×+2.5×34×+3.4×33.4×+3.6×32.4×+3.3×
Per Share
Book value per share-$108.89-153%-$83.41-114%-$60.68-67.4%-$45.20-13.3%-$43.03+5.6%
Valuation
Market capitalization$170.96B-2.4%$175.43B-0.1%$179.35B+3.4%$181.55B+8.1%$175.16B+5.0%
Enterprise value$192.53B+0.2%$195.14B+1.4%$197.48B+3.9%$198.57B+7.8%$192.08B+5.1%
Price / earnings139.4×-11.8×148×-2.9×154.5×+7.1×156.8×+5.3×151.2×-8.6×
Price / sales55.2×-6.8×58.1×-5.9×60.8×-4.5×62.8×-2.7×62×-5.2×
EV / EBITDA112.6×-13.2×118×-11.3×123×-8.0×126.9×-3.8×125.8×-7.4×
EV / sales62.1×-5.9×64.6×-5.5×66.9×-4.6×68.7×-3.2×68×-5.6×
Free cash flow yield14.2%+1.2pp13.5%+1.0pp13.1%+1.0pp12.8%+1.1pp13%+1.5pp
Earnings yield11.6%+0.9pp10.8%+0.1pp10.4%-0.5pp10.2%-0.4pp10.7%+0.7pp
Dividend yield5.2%+0.6pp4.9%+0.5pp4.7%+0.4pp4.5%+0.2pp4.6%+0.4pp

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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.