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Stock Comparison

MSCI vs FTNT

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
MSCI
MSCI Inc.

Financial - Data & Stock Exchanges

Financial ServicesNYSE • US
Market Cap$42.38B
5Y Perf.+77.0%
FTNT
Fortinet, Inc.

Software - Infrastructure

TechnologyNASDAQ • US
Market Cap$66.56B
5Y Perf.+223.1%

MSCI vs FTNT — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
MSCI logoMSCI
FTNT logoFTNT
IndustryFinancial - Data & Stock ExchangesSoftware - Infrastructure
Market Cap$42.38B$66.56B
Revenue (TTM)$3.13B$7.11B
Net Income (TTM)$1.32B$1.95B
Gross Margin82.4%80.7%
Operating Margin54.7%31.1%
Forward P/E29.7x30.2x
Total Debt$6.31B$996M
Cash & Equiv.$515M$2.50B

MSCI vs FTNTLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

MSCI
FTNT
StockMay 20May 26Return
MSCI Inc. (MSCI)100177.0+77.0%
Fortinet, Inc. (FTNT)100323.1+223.1%

Price return only. Dividends and distributions are not included.

Quick Verdict: MSCI vs FTNT

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: MSCI leads in 6 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Fortinet, Inc. is the stronger pick specifically for growth and revenue expansion. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
MSCI
MSCI Inc.
The Banking Pick

MSCI carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.

  • Dividend streak 11 yrs, beta 0.61, yield 1.2%
  • Lower volatility, beta 0.61, current ratio 0.90x
  • Beta 0.61, yield 1.2%, current ratio 0.90x
Best for: income & stability and sleep-well-at-night
FTNT
Fortinet, Inc.
The Growth Play

FTNT is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 14.2%, EPS growth 7.5%, 3Y rev CAGR 15.5%
  • 13.1% 10Y total return vs MSCI's 7.2%
  • PEG 0.91 vs MSCI's 1.75
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthFTNT logoFTNT14.2% revenue growth vs MSCI's 9.7%
ValueMSCI logoMSCILower P/E (29.7x vs 30.2x)
Quality / MarginsMSCI logoMSCI38.4% margin vs FTNT's 27.5%
Stability / SafetyMSCI logoMSCIBeta 0.61 vs FTNT's 1.02
DividendsMSCI logoMSCI1.2% yield; 11-year raise streak; the other pay no meaningful dividend
Momentum (1Y)MSCI logoMSCI+8.1% vs FTNT's -16.0%
Efficiency (ROA)MSCI logoMSCI24.0% ROA vs FTNT's 19.4%

MSCI vs FTNT — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

MSCIMSCI Inc.
FY 2025
Index
64.3%$1.8B
Analytics
25.7%$714M
All Other Segments
10.0%$279M
FTNTFortinet, Inc.
FY 2025
Security Subscription
38.7%$2.6B
Product
32.6%$2.2B
Technical Support and Other
28.6%$1.9B

MSCI vs FTNT — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLMSCILAGGINGFTNT

Income & Cash Flow (Last 12 Months)

MSCI leads this category, winning 5 of 5 comparable metrics.

FTNT is the larger business by revenue, generating $7.1B annually — 2.3x MSCI's $3.1B. MSCI is the more profitable business, keeping 38.4% of every revenue dollar as net income compared to FTNT's 27.5%.

MetricMSCI logoMSCIMSCI Inc.FTNT logoFTNTFortinet, Inc.
RevenueTrailing 12 months$3.1B$7.1B
EBITDAEarnings before interest/tax$2.0B$2.3B
Net IncomeAfter-tax profit$1.3B$2.0B
Free Cash FlowCash after capex$1.5B$2.4B
Gross MarginGross profit ÷ Revenue+82.4%+80.7%
Operating MarginEBIT ÷ Revenue+54.7%+31.1%
Net MarginNet income ÷ Revenue+38.4%+27.5%
FCF MarginFCF ÷ Revenue+49.4%+34.3%
Rev. Growth (YoY)Latest quarter vs prior year+20.1%
EPS Growth (YoY)Latest quarter vs prior year+49.1%+28.6%
MSCI leads this category, winning 5 of 5 comparable metrics.

Valuation Metrics

Evenly matched — MSCI and FTNT each lead in 3 of 6 comparable metrics.

At 37.0x trailing earnings, FTNT trades at a 1% valuation discount to MSCI's 37.4x P/E. Adjusting for growth (PEG ratio), FTNT offers better value at 1.12x vs MSCI's 2.21x — a lower PEG means you pay less per unit of expected earnings growth.

MetricMSCI logoMSCIMSCI Inc.FTNT logoFTNTFortinet, Inc.
Market CapShares × price$42.4B$66.6B
Enterprise ValueMkt cap + debt − cash$48.2B$65.1B
Trailing P/EPrice ÷ TTM EPS37.41x37.02x
Forward P/EPrice ÷ next-FY EPS est.29.67x30.23x
PEG RatioP/E ÷ EPS growth rate2.21x1.12x
EV / EBITDAEnterprise value multiple24.93x29.12x
Price / SalesMarket cap ÷ Revenue13.52x9.79x
Price / BookPrice ÷ Book value/share54.37x
Price / FCFMarket cap ÷ FCF27.36x29.90x
Evenly matched — MSCI and FTNT each lead in 3 of 6 comparable metrics.

Profitability & Efficiency

Evenly matched — MSCI and FTNT each lead in 3 of 6 comparable metrics.

On the Piotroski fundamental quality scale (0–9), MSCI scores 8/9 vs FTNT's 7/9, reflecting strong financial health.

MetricMSCI logoMSCIMSCI Inc.FTNT logoFTNTFortinet, Inc.
ROE (TTM)Return on equity+155.7%
ROA (TTM)Return on assets+24.0%+19.4%
ROICReturn on invested capital+34.9%
ROCEReturn on capital employed+44.3%+37.7%
Piotroski ScoreFundamental quality 0–987
Debt / EquityFinancial leverage0.81x
Net DebtTotal debt minus cash$5.8B-$1.5B
Cash & Equiv.Liquid assets$515M$2.5B
Total DebtShort + long-term debt$6.3B$996M
Interest CoverageEBIT ÷ Interest expense7.67x161.63x
Evenly matched — MSCI and FTNT each lead in 3 of 6 comparable metrics.

Total Returns (Dividends Reinvested)

FTNT leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in FTNT five years ago would be worth $21,780 today (with dividends reinvested), compared to $12,833 for MSCI. Over the past 12 months, MSCI leads with a +8.1% total return vs FTNT's -16.0%. The 3-year compound annual growth rate (CAGR) favors FTNT at 10.8% vs MSCI's 8.4% — a key indicator of consistent wealth creation.

MetricMSCI logoMSCIMSCI Inc.FTNT logoFTNTFortinet, Inc.
YTD ReturnYear-to-date+3.4%+15.5%
1-Year ReturnPast 12 months+8.1%-16.0%
3-Year ReturnCumulative with dividends+27.3%+36.1%
5-Year ReturnCumulative with dividends+28.3%+117.8%
10-Year ReturnCumulative with dividends+723.8%+1305.5%
CAGR (3Y)Annualised 3-year return+8.4%+10.8%
FTNT leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

MSCI leads this category, winning 2 of 2 comparable metrics.

MSCI is the less volatile stock with a 0.61 beta — it tends to amplify market swings less than FTNT's 1.02 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MSCI currently trades 93.0% from its 52-week high vs FTNT's 82.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricMSCI logoMSCIMSCI Inc.FTNT logoFTNTFortinet, Inc.
Beta (5Y)Sensitivity to S&P 5000.61x1.02x
52-Week HighHighest price in past year$626.28$108.77
52-Week LowLowest price in past year$501.08$70.12
% of 52W HighCurrent price vs 52-week peak+93.0%+82.7%
RSI (14)Momentum oscillator 0–10053.964.3
Avg Volume (50D)Average daily shares traded519K5.5M
MSCI leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates MSCI as "Buy" and FTNT as "Hold". Consensus price targets imply 15.8% upside for MSCI (target: $674) vs -3.5% for FTNT (target: $87). MSCI is the only dividend payer here at 1.24% yield — a key consideration for income-focused portfolios.

MetricMSCI logoMSCIMSCI Inc.FTNT logoFTNTFortinet, Inc.
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$674.33$86.81
# AnalystsCovering analysts2768
Dividend YieldAnnual dividend ÷ price+1.2%
Dividend StreakConsecutive years of raises11
Dividend / ShareAnnual DPS$7.20
Buyback YieldShare repurchases ÷ mkt cap+5.9%+3.4%
Insufficient data to determine a leader in this category.
Key Takeaway

MSCI leads in 2 of 6 categories (Income & Cash Flow, Risk & Volatility). FTNT leads in 1 (Total Returns). 2 tied.

Best OverallMSCI Inc. (MSCI)Leads 2 of 6 categories
Loading custom metrics...

MSCI vs FTNT: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is MSCI or FTNT a better buy right now?

For growth investors, Fortinet, Inc.

(FTNT) is the stronger pick with 14. 2% revenue growth year-over-year, versus 9. 7% for MSCI Inc. (MSCI). Fortinet, Inc. (FTNT) offers the better valuation at 37. 0x trailing P/E (30. 2x forward), making it the more compelling value choice. Analysts rate MSCI Inc. (MSCI) a "Buy" — based on 27 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — MSCI or FTNT?

On trailing P/E, Fortinet, Inc.

(FTNT) is the cheapest at 37. 0x versus MSCI Inc. at 37. 4x. On forward P/E, MSCI Inc. is actually cheaper at 29. 7x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Fortinet, Inc. wins at 0. 91x versus MSCI Inc. 's 1. 75x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

Which is the better long-term investment — MSCI or FTNT?

Over the past 5 years, Fortinet, Inc.

(FTNT) delivered a total return of +117. 8%, compared to +28. 3% for MSCI Inc. (MSCI). Over 10 years, the gap is even starker: FTNT returned +1305% versus MSCI's +723. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — MSCI or FTNT?

By beta (market sensitivity over 5 years), MSCI Inc.

(MSCI) is the lower-risk stock at 0. 61β versus Fortinet, Inc. 's 1. 02β — meaning FTNT is approximately 67% more volatile than MSCI relative to the S&P 500.

05

Which is growing faster — MSCI or FTNT?

By revenue growth (latest reported year), Fortinet, Inc.

(FTNT) is pulling ahead at 14. 2% versus 9. 7% for MSCI Inc. (MSCI). On earnings-per-share growth, the picture is similar: MSCI Inc. grew EPS 10. 7% year-over-year, compared to 7. 5% for Fortinet, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — MSCI or FTNT?

MSCI Inc.

(MSCI) is the more profitable company, earning 38. 4% net margin versus 27. 3% for Fortinet, Inc. — meaning it keeps 38. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MSCI leads at 54. 7% versus 30. 6% for FTNT. At the gross margin level — before operating expenses — MSCI leads at 82. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is MSCI or FTNT more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Fortinet, Inc. (FTNT) is the more undervalued stock at a PEG of 0. 91x versus MSCI Inc. 's 1. 75x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, MSCI Inc. (MSCI) trades at 29. 7x forward P/E versus 30. 2x for Fortinet, Inc. — 0. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MSCI: 15. 8% to $674. 33.

08

Which pays a better dividend — MSCI or FTNT?

In this comparison, MSCI (1.

2% yield) pays a dividend. FTNT does not pay a meaningful dividend and should not be held primarily for income.

09

Is MSCI or FTNT better for a retirement portfolio?

For long-horizon retirement investors, MSCI Inc.

(MSCI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 61), 1. 2% yield, +723. 8% 10Y return). Both have compounded well over 10 years (MSCI: +723. 8%, FTNT: +1305%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between MSCI and FTNT?

These companies operate in different sectors (MSCI (Financial Services) and FTNT (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

MSCI pays a dividend while FTNT does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

MSCI

Quality Mega-Cap Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 23%
Run This Screen
Stocks Like

FTNT

High-Growth Quality Leader

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 10%
  • Net Margin > 16%
Run This Screen
Custom Screen

Beat Both

Find stocks that outperform MSCI and FTNT on the metrics below

Revenue Growth>
%
(MSCI: 9.7% · FTNT: 20.1%)
Net Margin>
%
(MSCI: 38.4% · FTNT: 27.5%)
P/E Ratio<
x
(MSCI: 37.4x · FTNT: 37.0x)

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