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Earnings transcript
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MSCI
MSCI Inc.
$607.54
4.6
(0.76%)
| Exchange: | NYSE |
| Market Cap: | 44.229B |
| Shares Outstanding: | 83.9M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Financial – Data & Stock Exchanges | |||||
| CEO: | Henry A. Fernandez | |||||
| Full Time Employees: | 6184 | |||||
| Address: |
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| Website: | https://www.msci.com |
MSCI Inc., alongside its subsidiaries, offers sophisticated tools and services to support global investment decision-making and process management for its clients. The company is structured into four key segments: Index, Analytics, ESG and Climate, and Private Assets. The Index division furnishes benchmarks employed across diverse investment applications, including the creation of indexed financial products such as ETFs, mutual funds, and various derivatives; performance evaluation; portfolio building and adjustment; and strategic asset allocation. This segment also oversees the licensing of GICS and GICS Direct. Its Analytics segment provides comprehensive solutions for risk management, performance attribution, and portfolio oversight, encompassing content, applications, and services. These offerings deliver an integrated perspective on risk and return, alongside detailed analysis of market, credit, liquidity, and counterparty risks across all asset classes. The segment also includes managed services like consolidating client portfolio data from disparate sources, reviewing and reconciling inputs, and producing tailored reports. Furthermore, its HedgePlatform is specifically designed for assessing, evaluating, and monitoring risks related to hedge fund investments. The ESG and Climate segment delivers offerings that enable institutional investors to understand the long-term impact of environmental, social, and governance factors on both their portfolios and individual securities. It also equips investors with essential data, ratings, research, and analytical tools for navigating evolving regulatory landscapes. The Private Assets segment specializes in providing real estate market and transaction data, benchmarks, return analytics, climate impact assessments, and valuable market insights for funds, investors, and managers. It also extends business intelligence to real estate owners, managers, developers, and brokers, while offering critical investment decision support for private capital. Its diverse clientele includes asset owners and managers, financial intermediaries, wealth management firms, real estate professionals, and corporations. Founded in 1998, MSCI Inc. is headquartered in New York City.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2,528,920 | 2,856,128 | 3,134,459 |
| Gross Profit | 2,082,339 | 2,341,746 | 2,584,093 |
| EBITDA | 1,714,959 | 1,747,943 | 1,932,137 |
| Operating Income | 1,384,609 | 1,528,518 | 1,713,567 |
| Net Income | 1,148,592 | 1,109,128 | 1,202,305 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 5,518,219 | 5,445,439 | 5,702,459 |
| Total Liabilities | 6,257,983 | 6,385,436 | 8,356,999 |
| Total Stockholders Equity | -739,764 | -939,997 | -2,654,540 |
| Total Debt | 4,627,862 | 4,631,969 | 6,417,348 |
| Cash and Cash Equivalents | 457,815 | 405,854 | 515,332 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,236,029 | 1,501,627 | 1,588,446 |
| Capital Expenditure | -90,851 | -33,762 | -39,319 |
| Free Cash Flow | 1,145,178 | 1,467,865 | 1,549,127 |
| Net Income | 1,148,592 | 1,109,128 | 1,202,305 |
| Net Change in Cash | -531,871 | -52,342 | 105,981 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 4,619,907.524 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 4,796,464.820 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 4,708,353.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,078,065.316 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 3,195,698.599 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,136,993.528 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,388,190.696 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,507,525.685 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,447,971.421 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 803,665.957 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 834,379.362 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 819,051.790 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 31.670 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 32.440 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 30.900 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: MSCI has demonstrated consistent revenue increases as per the Income Statements data, reflecting strong demand for its financial products and services. This growth aligns with industry trends in the financial data and analytics sector, indicating a solid market position.
- High Profitability Metrics: Key Metrics data shows strong gross and net profit margins (grossProfitMarginTTM and netProfitMarginTTM), highlighting operational efficiency and a competitive edge in generating returns compared to industry peers.
- Strong Cash Flow Generation: Cash Flow Statements indicate significant free cash flow (freeCashFlowTTM and freeCashFlow from recent periods), providing financial flexibility for innovation, debt management, and shareholder returns.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MSCI intrinsic value between $273.54 – $512.95 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about MSCI valuation
Is MSCI Inc. (MSCI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for MSCI Inc. (MSCI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MSCI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MSCI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MSCI’s P/E ratio?
You can see MSCI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MSCI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MSCI a good long-term investment?
Whether MSCI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MSCI
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
0.76
Trading Metrics:
| Open: | 602.16 | Previous Close: | 602.94 | |
| Day Low: | 594 | Day High: | 610.1 | |
| Year Low: | 501.08 | Year High: | 644.68 | |
| Price Avg 50: | 580.1 | Price Avg 200: | 567.99 | |
| Volume: | 368673 | Average Volume: | 616811 |
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Login — it's freeMSCI full analysis
Welcome to MARKETSNAP’s SWOT analysis for MSCI! If you’re a long-term investor looking to dig into a company that’s a powerhouse in the financial data and analytics space, you’ve come to the right place. Today, we’re breaking down MSCI, a name many of you are likely familiar with, given its role in shaping investment decisions through indexes and analytics. We’ll cover a comprehensive SWOT analysis—strengths, weaknesses, opportunities, and threats—while weaving in the latest financials, news, and insights to keep you…
