MSCI Inc. (MSCI) 10-Year Financial Performance & Capital Metrics

MSCI • • Banking & Credit

Financial ServicesFinancial Data & ExchangesCredit Ratings & IndicesIndex & Benchmark Providers

AboutMSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct. The Analytics segment offers risk management, performance attribution and portfolio management content, application, and service that provides an integrated view of risk and return, and an analysis of market, credit, liquidity, and counterparty risk across asset classes; managed services, including consolidation of client portfolio data from various sources, review and reconciliation of input data and results, and customized reporting; and HedgePlatform to measure, evaluate, and monitor the risk of hedge fund investments. The ESG and Climate segment provides products and services that help institutional investors understand how ESG factors impact the long-term risk and return of their portfolio and individual security-level investments; and data, ratings, research, and tools to help investors navigate increasing regulation. The All Other Private Assets segment includes real estate market and transaction data, benchmarks, return-analytics, climate assessments and market insights for funds, investors, and managers; business intelligence to real estate owners, managers, developers, and brokers; and offers investment decision support tools for private capital. It serves asset owners and managers, financial intermediaries, wealth managers, real estate professionals, and corporates. MSCI Inc. was incorporated in 1998 and is headquartered in New York, New York.Show more

Net Interest Income -$164M -7.9%
Total Revenue $2.86B +12.9%
Net Income $1.11B -3.4%
Return on Equity -
Net Interest Margin -3.02% -9.3%
Efficiency Ratio 28.47% +3.2%
ROA 20.23% -7.4%
Equity / Assets -17.26% -28.8%
Book Value per Share -11.90 -28.5%
Tangible BV/Share -60.32 -5.1%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 28.5% efficiency ratio
✓10 consecutive years of dividend growth
✓Diversified revenue: 99.3% from non-interest income

✗Weaknesses

✗Weak NIM of -3.0%
✗Thin capital base

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.1%

5Y12.89%

3Y11.81%

TTM-

Profit (Net Income) CAGR

10Y14.59%

5Y14.5%

3Y15.17%

TTM1.34%

EPS CAGR

10Y19.18%

5Y16.35%

3Y17.32%

TTM3.55%

ROCE

10Y Avg26.98%

5Y Avg32.2%

3Y Avg34.94%

Latest38.89%

Peer Comparison

Index & Benchmark Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MSCIMSCI Inc.	44.88B	597.31	42.51	12.94%	38.83%		3.27%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-61.22M	-98.75M	-109.78M	-113.44M	-131.64M	-151.29M	-158.12M	-159.8M	-152.2M	-164.22M
NII Growth %	-0.98%	-0.61%	-0.11%	-0.03%	-0.16%	-0.15%	-0.05%	-0.01%	0.05%	-0.08%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	1.17M	2.91M	6.31M	19.67M	16.4M	5.03M	1.5M	11.77M	34.48M	21.28M
Interest Expense	62.39M	101.65M	116.1M	133.11M	148.04M	156.32M	159.61M	171.57M	186.68M	185.5M
Loan Loss Provision	205.31M	150.46M	157.81M	154.22M	146.92M	135.38M	199.07M	232.77M	259.9M	328.88M
Non-Interest Income+	1.07B	1.15B	1.27B	1.41B	1.54B	1.69B	2.04B	2.24B	2.49B	2.83B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	1.08B	1.15B	1.27B	1.43B	1.56B	1.7B	2.04B	2.25B	2.53B	2.86B
Revenue Growth %	0.08%	0.07%	0.11%	0.13%	0.09%	0.09%	0.21%	0.1%	0.12%	0.13%
Non-Interest Expense	403.42M	410.46M	421.07M	459.75M	507.13M	518.92M	612.13M	636.62M	697.73M	813.23M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	403.9M	488.1M	579.77M	686.9M	755.7M	884.76M	1.07B	1.21B	1.38B	1.53B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.2%	0.21%	0.19%	0.18%	0.1%	0.17%	0.21%	0.13%	0.15%	0.1%
Pretax Income+	349.55M	385.94M	466.9M	629.9M	603.32M	686.23M	858.14M	1.04B	1.37B	1.36B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	119.52M	125.08M	162.93M	122.01M	39.67M	84.4M	132.15M	173.27M	220.47M	247.04M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	223.65M	260.86M	303.97M	507.88M	563.65M	601.82M	725.98M	870.57M	1.15B	1.11B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.21%	0.17%	0.17%	0.67%	0.11%	0.07%	0.21%	0.2%	0.32%	-0.03%
Net Income (Continuing)	230.04M	260.86M	303.97M	507.88M	563.65M	601.82M	725.98M	870.57M	1.15B	1.11B
EPS (Diluted)+	2.03	2.70	3.31	5.66	6.59	7.12	8.70	10.72	14.39	14.05
EPS Growth %	-0.16%	0.33%	0.23%	0.71%	0.16%	0.08%	0.22%	0.23%	0.34%	-0.02%
EPS (Basic)	2.05	2.72	3.36	5.83	6.66	7.19	8.80	10.78	14.45	14.09
Diluted Shares Outstanding	109.93M	96.54M	91.91M	89.7M	85.54M	84.52M	83.48M	81.22M	79.84M	78.96M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	777.71M	791.83M	889.5M	904.18M	1.51B	1.3B	1.42B	993.2M	457.81M	405.85M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	0	0	0	0	0	190.9M	218.76M	214.39M	0	0
Investments Growth %	-	-	-	-	-	-	0.15%	-0.02%	-1%	-
Long-Term Investments	0	0	0	0	0	190.9M	218.76M	214.39M	0	0
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.57B	1.56B	1.56B	1.55B	1.56B	1.57B	2.24B	2.23B	2.89B	2.92B
Intangible Assets	391.49M	347.64M	321.84M	280.8M	261.49M	234.75M	593.34M	558.52M	956.23M	907.61M
PP&E (Net)	98.93M	95.58M	94.44M	90.88M	257.11M	233.78M	211.3M	180.44M	171.16M	190.32M
Other Assets	18.5M	18.3M	19.63M	20.52M	20.28M	23.98M	63.38M	37.34M	43.9M	47.69M
Total Current Assets	1.06B	1.06B	1.27B	1.44B	2.08B	1.93B	2.14B	1.75B	1.42B	1.34B
Total Non-Current Assets	2.08B	2.03B	2.01B	1.95B	2.12B	2.27B	3.36B	3.25B	4.1B	4.1B
Total Assets+	3.15B	3.08B	3.28B	3.39B	4.2B	4.2B	5.51B	5B	5.52B	5.45B
Asset Growth %	0.09%	-0.02%	0.06%	0.03%	0.24%	-0%	0.31%	-0.09%	0.1%	-0.01%
Return on Assets (ROA)	0.07%	0.08%	0.1%	0.15%	0.15%	0.14%	0.15%	0.17%	0.22%	0.2%
Accounts Payable	2.51M	568K	1.61M	3.89M	6.5M	14.25M	13.45M	15.04M	9.81M	14.52M
Total Debt+	1.58B	2.08B	2.08B	2.58B	3.24B	3.52B	4.31B	4.64B	4.63B	4.63B
Net Debt	801.7M	1.28B	1.19B	1.67B	1.73B	2.22B	2.89B	3.65B	4.17B	4.23B
Long-Term Debt	1.58B	2.08B	2.08B	2.58B	3.07B	3.37B	4.16B	4.5B	4.5B	4.51B
Short-Term Debt	0	0	0	0	0	0	0	8.71M	10.9M	0
Other Liabilities	57.04M	59.13M	110.86M	87.93M	77.66M	88.22M	104.13M	91.03M	96.97M	120.19M
Total Current Liabilities	498.12M	536.57M	607.67M	809.01M	900.79M	1.02B	1.25B	1.25B	1.52B	1.59B
Total Non-Current Liabilities	1.75B	2.23B	2.27B	2.75B	3.38B	3.62B	4.42B	4.75B	4.74B	4.8B
Total Liabilities	2.25B	2.76B	2.87B	3.55B	4.28B	4.64B	5.67B	6.01B	6.26B	6.39B
Total Equity+	901.49M	317.61M	401.01M	-166.49M	-76.71M	-443.23M	-163.47M	-1.01B	-739.76M	-940M
Equity Growth %	-0.37%	-0.65%	0.26%	-1.42%	0.54%	-4.78%	0.63%	-5.17%	0.27%	-0.27%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.19%	0.43%	0.85%	4.33%	-	-	-	-	-	-
Book Value per Share	8.20	3.29	4.36	-1.86	-0.90	-5.24	-1.96	-12.41	-9.27	-11.90
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.28M	1.29M	1.29M	1.3M	1.32M	1.33M	1.33M	1.34M	1.34M	1.34M
Additional Paid-in Capital	1.17B	1.23B	1.26B	1.31B	1.35B	1.4B	1.46B	1.52B	1.59B	1.68B
Retained Earnings	1.16B	1.32B	1.51B	1.86B	2.2B	2.55B	2.98B	3.47B	4.18B	4.78B
Accumulated OCI	-35.74M	-60.73M	-48.35M	-58.4M	-62.58M	-58.86M	-58.8M	-60.21M	-61.35M	-71.04M
Treasury Stock	-1.4B	-2.17B	-2.32B	-3.27B	-3.57B	-4.34B	-4.54B	-5.94B	-6.45B	-7.33B
Preferred Stock	0	0	347K	399K	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	305.99M	434.74M	404.16M	612.76M	709.52M	811.11M	936.07M	1.1B	1.24B	1.5B
Operating CF Growth %	0%	0.42%	-0.07%	0.52%	0.16%	0.14%	0.15%	0.17%	0.13%	0.21%
Net Income	223.65M	260.86M	303.97M	507.88M	563.65M	601.82M	725.98M	870.57M	1.15B	1.11B
Depreciation & Amortization	77.8M	81.35M	79.99M	85.53M	79.41M	110.8M	134.13M	142.5M	159.22M	206.28M
Deferred Taxes	-10.29M	-16.97M	-18.9M	-780K	-20.77M	-55.65M	-111.37M	36.44M	-15.26M	14.33M
Other Non-Cash Items	-15.19M	-3.81M	4.1M	-57.88M	44.45M	51.12M	72.27M	7.2M	-130.63M	3.95M
Working Capital Changes	1.46M	81.31M	-1.57M	39.1M	1.58M	51.92M	60.15M	-19.43M	2.46M	72.74M
Cash from Investing+	-48.86M	-42.03M	-48.05M	34.87M	-71.94M	-241.79M	-1.04B	-79.33M	-819.38M	-144.25M
Purchase of Investments	40.15M	0	0	0	0	-190.82M	-26.36M	-5K	0	0
Sale/Maturity of Investments	1000K	0	771K	0	0	1000K	1000K	5K	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-6.5M	597K	0	83.83M	-18.18M	-190.82M	-975.35M	-5K	-727.34M	-27.47M
Other Investing	-40.1M	0	0	10K	10K	-219.97M	-7.57M	-6.43M	-1.19M	-1.67M
Cash from Financing+	19.95M	-365.27M	-267.54M	-626.48M	-36.67M	-779.04M	229.5M	-1.43B	-953.93M	-1.4B
Dividends Paid	-87.74M	-96.19M	-119.72M	-170.94M	-222.92M	-246.44M	-302.45M	-372.92M	-440.99M	-509.11M
Share Repurchases	-700.72M	-774.57M	-150.46M	-949.89M	-292.07M	-778.52M	-198.37M	-1.4B	-504.19M	-885.27M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K
Other Financing	8.41M	5.48M	2.63M	-5.66M	-8.54M	-16.69M	-21.61M	-2.77M	0	-5.75M
Net Change in Cash+	268.91M	14.13M	97.67M	14.67M	602.39M	-206.05M	120.93M	-427.88M	-531.87M	-52.34M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	508.8M	777.71M	791.83M	889.5M	904.18M	1.51B	1.3B	1.42B	993.56M	461.69M
Cash at End	777.71M	791.83M	889.5M	904.18M	1.51B	1.3B	1.42B	993.56M	461.69M	409.35M
Interest Paid	42.11M	89.14M	112.5M	125.99M	141.48M	163.39M	151.34M	165.12M	182.31M	179.95M
Income Taxes Paid	129.53M	97.84M	128.73M	143.22M	72.94M	113.65M	222.62M	180.69M	240.48M	201.03M
Free Cash Flow+	256.84M	392.11M	355.34M	563.8M	655.75M	760.13M	883.27M	1.02B	1.15B	1.47B
FCF Growth %	0.01%	0.53%	-0.09%	0.59%	0.16%	0.16%	0.16%	0.16%	0.12%	0.28%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	19.16%	42.8%	84.6%	433.13%	-	-	-	-	-	-
Return on Assets (ROA)	7.4%	8.37%	9.56%	15.24%	14.85%	14.32%	14.96%	16.58%	21.85%	20.23%
Net Interest Margin	-1.95%	-3.2%	-3.35%	-3.35%	-3.13%	-3.6%	-2.87%	-3.2%	-2.76%	-3.02%
Efficiency Ratio	37.53%	35.67%	33.05%	32.06%	32.55%	30.61%	29.95%	28.31%	27.59%	28.47%
Equity / Assets	28.65%	10.3%	12.24%	-4.91%	-1.82%	-10.56%	-2.97%	-20.17%	-13.41%	-17.26%
Book Value / Share	8.2	3.29	4.36	-1.86	-0.9	-5.24	-1.96	-12.41	-9.27	-11.9
NII Growth	-97.68%	-61.29%	-11.18%	-3.33%	-16.04%	-14.93%	-4.51%	-1.07%	4.76%	-7.9%
Dividend Payout	39.23%	36.88%	39.38%	33.66%	39.55%	40.95%	41.66%	42.84%	38.39%	45.9%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Recurring Subscriptions	-	-	-	-	-	-	-	-	-	2.11B
Recurring Subscriptions Growth	-	-	-	-	-	-	-	-	-	-
Asset Based Fees	-	-	-	-	-	-	-	-	-	657.5M
Asset Based Fees Growth	-	-	-	-	-	-	-	-	-	-
Non Recurring	-	-	-	-	-	-	-	-	-	84.18M
Non Recurring Growth	-	-	-	-	-	-	-	-	-	-
Index	558.96M	613.55M	718.96M	835.48M	920.94M	1.02B	1.25B	1.3B	1.45B	-
Index Growth	-	9.77%	17.18%	16.21%	10.23%	10.38%	23.15%	4.11%	11.40%	-
Analytics	433.42M	448.35M	458.27M	479.94M	496.93M	513.81M	544.3M	576.11M	615.96M	-
Analytics Growth	-	3.44%	2.21%	4.73%	3.54%	3.40%	5.93%	5.84%	6.92%	-
E S G And Climate	-	-	-	-	-	-	166.19M	228.31M	287.57M	-
E S G And Climate Growth	-	-	-	-	-	-	-	37.38%	25.95%	-
All Others	-	88.77M	96.94M	118.57M	139.93M	165.09M	81.29M	140.97M	173.58M	-
All Others Growth	-	-	9.21%	22.31%	18.02%	17.97%	-50.76%	73.42%	23.13%	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	519.43M	556.78M	622.13M	662.35M	698.11M	723.96M	836.88M	934.46M	1.04B	1.17B
UNITED STATES Growth	-	7.19%	11.74%	6.46%	5.40%	3.70%	15.60%	11.66%	11.72%	11.97%
Other Europe Middle East And Africa Countries	215.19M	229.01M	250.27M	293.25M	325.22M	364.55M	454.24M	512.02M	569.03M	632.13M
Other Europe Middle East And Africa Countries Growth	-	6.42%	9.28%	17.18%	10.90%	12.09%	24.60%	12.72%	11.14%	11.09%
UNITED KINGDOM	166.02M	175.75M	193.83M	214.2M	234.93M	262.19M	344.98M	351.23M	408.09M	479.67M
UNITED KINGDOM Growth	-	5.86%	10.29%	10.51%	9.67%	11.60%	31.58%	1.81%	16.19%	17.54%
Other Asia And Australia Countries	87.45M	91.79M	105.45M	139.02M	161.92M	192.69M	230.29M	263.61M	295M	332.22M
Other Asia And Australia Countries Growth	-	4.96%	14.89%	31.83%	16.47%	19.01%	19.51%	14.47%	11.91%	12.62%
Other America Countries	41.55M	45.19M	48.14M	58.06M	66M	71.41M	85.74M	96.02M	111.97M	128.95M
Other America Countries Growth	-	8.74%	6.54%	20.62%	13.66%	8.20%	20.08%	11.99%	16.60%	15.17%
JAPAN	45.37M	52.16M	54.35M	67.1M	71.63M	80.59M	91.42M	91.26M	100.82M	114.16M
JAPAN Growth	-	14.97%	4.20%	23.46%	6.75%	12.51%	13.44%	-0.17%	10.48%	13.23%

Frequently Asked Questions

Valuation & Price

MSCI Inc. (MSCI) has a price-to-earnings (P/E) ratio of 42.5x. This suggests investors expect higher future growth.

Growth & Financials

MSCI Inc. (MSCI) grew revenue by 12.9% over the past year. This is steady growth.

Yes, MSCI Inc. (MSCI) is profitable, generating $1.22B in net income for fiscal year 2024 (38.8% net margin).

Dividend & Returns

Yes, MSCI Inc. (MSCI) pays a dividend with a yield of 1.08%. This makes it attractive for income-focused investors.

Industry Metrics

MSCI Inc. (MSCI) has a net interest margin (NIM) of -3.0%. NIM has been under pressure due to interest rate environment.

MSCI Inc. (MSCI) has an efficiency ratio of 28.5%. This is excellent, indicating strong cost control.

US Stock Screener

...