Msci Inc. - Understand $msci stock

$MSCI Market Cap: $48.27 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$2.803B

TTM

Gross Margin

81.96%

TTM

Net Earnings

$1.207B

TTM

Current Assets

$1.286B

Q3 2024

Current Liabilities

$1.378B

Q3 2024

Current Ratio

93.31%

Q3 2024

Total Assets

$5.409B

Q3 2024

Total Liabilities

$6.160B

Q3 2024

Book Value

-$751.0M

Q3 2024

Cash

$501.0M

Q3 2024

P/E

39.99

Nov 29, 2024 EST

Free Cash Flow

$1.359B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$2.529B	$2.249B	$2.044B	$1.695B	$1.558B	$1.434B	$1.274B	$1.151B	$1.075B	$996.7M	$913.4M	$827.0M	$900.9M	$662.9M	$442.9M	$431.0M	$369.9M	$310.7M	$278.5M	$178.4M	$91.30M
YoY Change	12.47%	10.03%	20.54%	8.83%	8.63%	12.54%	10.73%	7.04%	7.86%	9.12%	10.44%	-8.21%	35.91%	49.67%	2.76%	16.52%	19.05%	11.56%	56.11%	95.4%	8.95%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$2.529B	$2.249B	$2.044B	$1.695B	$1.558B	$1.434B	$1.274B	$1.151B	$1.075B	$996.7M	$913.4M	$827.0M	$900.9M	$662.9M	$442.9M	$431.0M	$369.9M	$310.7M	$278.5M	$178.4M	$91.30M
Cost Of Revenue	$446.6M	$404.3M	$358.7M	$291.7M	$295.0M	$287.3M	$273.7M	$252.1M	$267.7M	$276.6M	$240.7M	$230.3M	$277.1M	$198.6M	$118.7M	$123.4M	$121.0M	$115.1M	$106.6M	$86.40M	$44.70M
Gross Profit	$2.082B	$1.844B	$1.685B	$1.404B	$1.263B	$1.147B	$1.001B	$898.6M	$807.3M	$720.1M	$672.7M	$596.7M	$623.8M	$464.3M	$324.3M	$307.6M	$248.9M	$195.6M	$171.9M	$92.00M	$46.60M
Gross Profit Margin	82.34%	82.02%	82.45%	82.8%	81.06%	79.96%	78.52%	78.09%	75.1%	72.25%	73.65%	72.15%	69.24%	70.04%	73.22%	71.37%	67.29%	62.95%	61.72%	51.57%	51.04%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$430.2M	$411.4M	$391.1M	$331.1M	$329.4M	$292.8M	$264.9M	$253.9M	$248.3M	$279.4M	$232.4M	$211.9M	$213.0M	$190.2M	$135.8M	$138.3M	$91.10M	$86.40M	$70.20M	$51.30M	$30.40M
YoY Change	4.55%	5.21%	18.11%	0.52%	12.5%	10.53%	4.33%	2.26%	-11.12%	20.18%	9.69%	-0.5%	11.95%	40.09%	-1.81%	51.81%	5.44%	23.08%	36.84%	68.75%	23.58%
% of Gross Profit	20.66%	22.31%	23.21%	23.59%	26.08%	25.54%	26.48%	28.26%	30.76%	38.8%	34.56%	35.51%	34.14%	40.98%	41.87%	44.96%	36.6%	44.17%	40.84%	55.76%	65.24%
Research & Development	$132.1M	$107.2M	$111.6M	$101.1M	$98.33M	$81.40M	$75.80M	$75.20M	$77.32M	$71.10M	$61.00M
YoY Change	23.24%	-3.91%	10.4%	2.77%	20.8%	7.39%	0.79%	-2.74%	8.76%	16.54%
% of Gross Profit	6.34%	5.81%	6.62%	7.2%	7.79%	7.1%	7.58%	8.37%	9.58%	9.87%	9.07%
Depreciation & Amortization	$135.4M	$118.0M	$28.90M	$29.81M	$30.00M	$31.35M	$35.44M	$34.32M	$30.89M	$25.93M	$22.30M	$18.70M	$19.43M	$17.41M	$37.60M	$33.50M	$27.90M	$29.70M	$32.00M	$22.80M	$0.00
YoY Change	14.81%	308.19%	-3.03%	-0.65%	-4.3%	-11.55%	3.26%	11.11%	19.12%	16.27%	19.26%	-3.73%	11.55%	-53.69%	12.24%	20.07%	-6.06%	-7.19%	40.35%
% of Gross Profit	6.5%	6.4%	1.72%	2.12%	2.38%	2.73%	3.54%	3.82%	3.83%	3.6%	3.32%	3.13%	3.11%	3.75%	11.59%	10.89%	11.21%	15.18%	18.62%	24.78%	0.0%
Operating Expenses	$697.7M	$636.6M	$612.1M	$101.1M	$427.7M	$459.8M	$420.7M	$329.1M	$325.6M	$350.4M	$293.5M	$211.9M	$213.0M	$190.2M	$173.3M	$171.8M	$118.9M	$112.5M	$98.20M	$66.20M	$30.40M
YoY Change	9.6%	4.0%	505.76%	-76.37%	-6.98%	9.29%	27.83%	1.07%	-7.08%	19.42%	38.48%	-0.5%	11.95%	9.78%	0.87%	44.49%	5.69%	14.56%	48.34%	117.76%	23.58%
Operating Profit	$1.385B	$1.208B	$1.073B	$884.8M	$755.7M	$686.9M	$579.8M	$488.1M	$403.9M	$337.2M	$340.3M	$318.2M	$322.0M	$206.1M	$151.0M	$135.8M	$130.0M	$83.10M	$73.70M	$25.80M	$16.20M
YoY Change	14.65%	12.58%	21.24%	17.08%	10.02%	18.48%	18.78%	20.85%	19.79%	-0.93%	6.94%	-1.17%	56.22%	36.51%	11.19%	4.46%	56.44%	12.75%	185.66%	59.26%	12.5%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	-$9.171M	-$159.8M	-$158.1M	$156.3M	$148.0M	$133.1M	$116.1M	$101.7M	$62.39M	$31.82M	$26.26M	$56.40M	$55.82M	$51.34M	-$18.60M	-$18.80M	$3.600M	$15.10M	$6.900M	$600.0K	$800.0K
YoY Change	-94.26%	1.07%	-201.15%	5.6%	11.21%	14.66%	14.21%	62.94%	96.06%	21.19%	-53.45%	1.04%	8.73%	-376.01%	-1.06%	-622.22%	-76.16%	118.84%	1050.0%	-25.0%	0.0%
% of Operating Profit	-0.66%	-13.23%	-14.74%	17.67%	19.59%	19.38%	20.02%	20.83%	15.45%	9.44%	7.71%	17.72%	17.34%	24.91%	-12.32%	-13.84%	2.77%	18.17%	9.36%	2.33%	4.94%
Other Income/Expense, Net	-$6.377M	-$3.997M	-$214.6M	-$198.5M	-$152.4M	-$57.00M	-$112.9M	-$102.2M	-$54.34M	-$28.83M	-$27.50M	-$57.43M	-$58.59M	-$52.63M	-$600.0K	-$7.400M	-$200.0K	$1.300M	$400.0K	$0.00	$0.00
YoY Change	59.54%	-98.14%	8.08%	30.29%	167.33%	-49.5%	10.48%	88.0%	88.51%	4.82%	-52.11%	-1.96%	11.31%	8672.0%	-91.89%	3600.0%	-115.38%	225.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$1.369B	$1.044B	$858.1M	$686.2M	$603.3M	$629.9M	$466.9M	$385.9M	$349.6M	$308.3M	$312.8M	$220.1M	$220.3M	$130.9M	$131.7M	$109.6M	$133.3M	$99.50M	$80.90M	$26.40M	$17.00M
YoY Change	31.16%	21.64%	25.05%	13.74%	-4.22%	34.91%	20.98%	10.41%	13.37%	-1.44%	42.15%	-0.1%	68.3%	-0.61%	20.16%	-17.78%	33.97%	22.99%	206.44%	55.29%	11.11%
Income Tax	$220.5M	$173.3M	$132.2M	$84.40M	$39.67M	$122.0M	$162.9M	$125.1M	$119.5M	$109.4M	$112.9M	$96.01M	$89.96M	$61.32M	$49.90M	$41.40M	$52.20M	$36.10M	$30.40M	$8.500M	$5.800M
% Of Pretax Income	16.1%	16.6%	15.4%	12.3%	6.58%	19.37%	34.9%	32.41%	34.19%	35.48%	36.1%	43.63%	40.83%	46.85%	37.89%	37.77%	39.16%	36.28%	37.58%	32.2%	34.12%
Net Earnings	$1.149B	$870.6M	$726.0M	$601.8M	$563.6M	$507.9M	$304.0M	$260.9M	$223.6M	$284.1M	$222.6M	$184.2M	$173.5M	$92.17M	$81.80M	$68.30M	$81.10M	$71.40M	$54.60M	$17.80M	$11.20M
YoY Change	31.94%	19.92%	20.63%	6.77%	10.98%	67.08%	16.53%	16.64%	-21.28%	27.66%	20.8%	6.22%	88.19%	12.68%	19.77%	-15.78%	13.59%	30.77%	206.74%	58.93%	6.67%
Net Earnings / Revenue	45.42%	38.72%	35.53%	35.5%	36.18%	35.42%	23.86%	22.67%	20.8%	28.51%	24.37%	22.28%	19.25%	13.9%	18.47%	15.85%	21.92%	22.98%	19.61%	9.98%	12.27%
Basic Earnings Per Share	$14.45	$10.78	$8.80	$7.19	$6.66	$5.83	$3.36	$2.72	$2.05	$2.45	$1.85	$1.50	$1.43	$0.82
Diluted Earnings Per Share	$14.39	$10.72M	$8.70	$7.12	$6.59	$5.66	$3.31	$2.70	$2.03	$2.43	$1.83	$1.48	$1.41	$0.81	$810.7K	$681.0K	$958.6K	$851.0K	$650.8K	$212.2K	$133.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$457.8M	$993.6M	$1.421B	$1.301B	$1.507B	$904.2M	$889.5M	$791.8M	$777.7M	$508.8M	$358.4M	$254.2M	$392.7M	$342.2M	$471.3M	$268.1M	$171.4M	$354.6M	$276.3M
YoY Change	-53.92%	-30.1%	9.3%	-13.68%	66.62%	1.65%	12.34%	1.81%	52.85%	41.96%	40.99%	-35.27%	14.76%	-27.39%	75.79%	56.42%	-51.66%	28.34%
Cash & Equivalents	$457.8M	$993.6M	$1.421B	$1.301B	$1.507B	$904.2M	$889.5M	$791.8M	$777.7M	$508.8M	$358.4M	$183.3M	$252.2M	$269.4M	$176.0M	$268.1M	$171.4M	$354.6M	$276.3M
Short-Term Investments												$70.90M	$140.5M	$72.80M	$295.3M	$0.00
Other Short-Term Assets	$120.8M	$91.17M	$57.45M	$66.50M	$75.90M	$57.50M	$50.00M	$42.30M	$77.30M	$81.90M	$96.40M	$107.1M	$104.7M	$94.70M	$54.00M	$36.70M	$29.60M	$7.500M	$5.900M
YoY Change	32.48%	58.7%	-13.61%	-12.38%	32.0%	15.0%	18.2%	-45.28%	-5.62%	-15.04%	-9.99%	2.29%	10.56%	75.37%	47.14%	23.99%	294.67%	27.12%
Inventory
Prepaid Expenses
Receivables	$839.6M	$663.2M	$664.5M	$558.6M	$499.3M	$473.4M	$327.6M	$221.5M	$208.2M	$178.7M	$169.5M	$153.6M	$180.6M	$138.0M	$77.20M	$87.50M	$80.40M	$100.2M	$79.10M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.418B	$1.748B	$2.143B	$1.926B	$2.082B	$1.435B	$1.267B	$1.056B	$1.063B	$769.5M	$624.3M	$514.8M	$677.9M	$575.0M	$602.5M	$392.3M	$281.4M	$462.2M	$361.3M
YoY Change	-18.87%	-18.45%	11.31%	-7.5%	45.06%	13.26%	20.02%	-0.71%	38.18%	23.26%	21.27%	-24.06%	17.9%	-4.56%	53.58%	39.41%	-39.12%	27.93%
Property, Plant & Equipment	$171.2M	$180.4M	$211.3M	$233.8M	$257.1M	$90.90M	$94.40M	$95.60M	$98.90M	$94.10M	$85.60M	$67.40M	$37.60M	$35.70M	$29.40M	$28.40M	$4.200M	$5.200M	$6.300M
YoY Change	-5.14%	-14.61%	-9.62%	-9.06%	182.84%	-3.71%	-1.26%	-3.34%	5.1%	9.93%	27.0%	79.26%	5.32%	21.43%	3.52%	576.19%	-19.23%	-17.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$0.00	$214.4M	$218.8M	$190.9M													$3.000M	$3.000M	$3.000M
YoY Change	-100.0%	-2.0%	14.6%														0.0%	0.0%
Other Assets	$84.98M	$66.55M	$103.5M	$47.60M	$41.20M	$35.40M	$31.60M	$27.80M	$27.70M	$20.50M	$17.40M	$12.90M	$24.00M	$29.40M	$6.600M	$6.800M	$0.00
YoY Change	27.69%	-35.7%	117.45%	15.53%	16.38%	12.03%	13.67%	0.36%	35.12%	17.82%	34.88%	-46.25%	-18.37%	345.45%	-2.94%
Total Long-Term Assets	$4.100B	$3.250B	$3.363B	$2.273B	$2.123B	$1.953B	$2.009B	$2.027B	$2.084B	$2.113B	$2.512B	$2.505B	$2.415B	$2.483B	$597.8M	$622.7M	$623.3M	$650.6M	$677.8M
YoY Change	26.17%	-3.38%	47.97%	7.09%	8.69%	-2.77%	-0.9%	-2.73%	-1.39%	-15.88%	0.28%	3.71%	-2.72%	315.27%	-4.0%	-0.1%	-4.2%	-4.01%
Total Assets	$5.518B	$4.998B	$5.507B	$4.199B	$4.204B	$3.388B	$3.276B	$3.083B	$3.147B	$2.883B	$3.136B	$3.020B	$3.093B	$3.058B	$1.200B	$1.015B	$904.7M	$1.113B	$1.039B
YoY Change
Accounts Payable	$9.812M	$15.04M	$13.45M	$14.30M	$6.500M	$3.900M	$1.600M	$600.0K	$2.500M	$2.800M	$1.200M	$3.000M	$200.0K	$200.0K	$1.900M	$35.90M	$17.20M	$64.70M	$68.10M
YoY Change	-34.76%	11.83%	-5.96%	120.0%	66.67%	143.75%	166.67%	-76.0%	-10.71%	133.33%	-60.0%	1400.0%	0.0%	-89.47%	-94.71%	108.72%	-73.42%	-4.99%
Accrued Expenses	$387.7M	$335.8M	$352.9M	$305.5M	$305.4M	$250.9M	$231.6M	$201.5M	$178.1M	$159.1M	$162.2M	$155.8M	$153.0M	$142.1M	$95.60M	$88.40M	$64.00M	$52.90M	$48.60M
YoY Change	15.46%	-4.85%	15.53%	0.03%	21.72%	8.33%	14.94%	13.14%	11.94%	-1.91%	4.11%	1.83%	7.67%	48.64%	8.14%	38.13%	20.98%	8.85%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$10.90M	$8.713M									$19.80M	$43.10M	$10.30M	$54.90M	$42.10M	$22.10M	$22.30M	$0.00
YoY Change	25.12%										-54.06%	318.45%	-81.24%	30.4%	90.5%	-0.9%
Total Short-Term Liabilities	$1.517B	$1.251B	$1.251B	$1.022B	$900.8M	$809.0M	$607.7M	$536.6M	$498.1M	$472.9M	$503.0M	$509.9M	$452.8M	$466.1M	$292.5M	$291.1M	$244.9M	$221.0M	$212.7M
YoY Change	21.31%	-0.03%	22.42%	13.43%	11.35%	33.12%	13.25%	7.73%	5.33%	-5.98%	-1.35%	12.61%	-2.85%	59.35%	0.48%	18.86%	10.81%	3.9%
Long-Term Debt	$4.497B	$4.503B	$4.161B	$3.367B	$3.072B	$2.576B	$2.078B	$2.075B	$1.579B	$788.4M	$788.0M	$811.6M	$1.067B	$1.208B	$337.6M	$379.7M	$402.8M	$0.00	$0.00
YoY Change	-0.14%	8.21%	23.6%	9.6%	19.27%	23.94%	0.14%	31.39%	100.33%	0.05%	-2.91%	-23.9%	-11.71%	257.82%	-11.09%	-5.73%
Other Long-Term Liabilities	$217.1M	$222.6M	$254.2M	$240.6M	$241.8M	$87.90M	$110.9M	$59.10M	$57.00M	$50.60M	$46.10M	$38.60M	$27.80M	$27.10M	$23.00M	$8.500M	$0.00
YoY Change	-2.47%	-12.42%	5.64%	-0.5%	175.09%	-20.74%	87.65%	3.68%	12.65%	9.76%	19.43%	38.85%	2.58%	17.83%	170.59%
Total Long-Term Liabilities	$4.714B	$4.726B	$4.416B	$3.607B	$3.314B	$2.663B	$2.189B	$2.134B	$1.636B	$839.0M	$834.1M	$850.2M	$1.094B	$1.235B	$360.6M	$388.2M	$402.8M	$0.00	$0.00
YoY Change	-0.25%	7.03%	22.4%	8.86%	24.42%	21.67%	2.56%	30.43%	95.04%	0.59%	-1.89%	-22.31%	-11.4%	242.51%	-7.11%	-3.62%
Total Liabilities	$6.258B	$6.005B	$5.670B	$4.642B	$4.281B	$3.554B	$2.875B	$2.765B	$2.246B	$1.450B	$1.572B	$1.594B	$1.788B	$1.955B	$693.2M	$728.7M	$704.7M	$287.1M	$288.2M
YoY Change	4.2%	5.91%	22.15%	8.43%	20.45%	23.64%	3.97%	23.14%	54.89%	-7.77%	-1.42%	-10.81%	-8.58%	182.07%	-4.87%	3.41%	145.45%	-0.38%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	79.46M shares	80.75M shares	82.51M	83.72M	84.64M	87.18M	90.34M	95.99M	109.1M	115.7M	120.1M shares	122.0M shares	120.7M shares	112.1M shares
Diluted Shares Outstanding	79.84M shares	81.22M shares	83.48M	84.52M	85.54M	89.70M	91.91M	96.54M	109.9M	116.7M	121.1M shares	123.2M shares	122.3M shares	113.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $48.271 Billion

About MSCI Inc.

MSCI, Inc. engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company is headquartered in New York City, New York and currently employs 6,118 full-time employees. The company went IPO on 2007-11-15. The firm operates through four segments: Index, Analytics, ESG and Climate, and All Other-Private Assets. The Index segment offers products, such as MSCI Global Equity Indexes, ESG and Climate Indexes, Factor Indexes, Thematic Indexes, Client-Designed Indexes, Fixed Income Indexes and Real Assets Indexes. The Analytics segment offers risk management, performance attribution and portfolio management content, applications and services. Its ESG and Climate segment offerings include MSCI ESG Ratings, MSCI ESG Business Involvement Screening Research, and MSCI Climate Solutions. The firm's All Other-Private Assets segment comprises the Real Assets segment and Private Capital Solutions segment. The Real Assets segment offers data, benchmarks, return-analytics, climate assessments and market insights for tangible assets such as real estate and infrastructure.

Industry: Services-Business Services, NEC Peers: Cboe Global Markets, Inc. CME GROUP INC. Coinbase Global, Inc. MOODYS CORP /DE/ FACTSET RESEARCH SYSTEMS INC Intercontinental Exchange, Inc. S&P Global Inc. NASDAQ, INC. Tradeweb Markets Inc.