# MSCI, Inc. (MSCI) — Stock CV

MSCI, Inc. is a $41.3B technology company. Revenue grew 11.6% over the last year, it keeps 41¢ of every dollar of sales as profit, and its net debt equals ~3.6 years of free cash flow. It trades at 30.3× earnings — near the lowest of its own history.

> MSCI has described its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners.

## Identity

- **Ticker**: MSCI
- **Sector**: Technology
- **Industry**: Services-Business Services, Nec
- **Headquarters**: NEW YORK, NY
- **Employees**: 6 327
- **Website**: https://www.msci.com
- **Market cap**: $41.3B
- **Last price**: $568.00
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $3.33B
- **Net income**: $1.36B
- **Free cash flow**: $1.60B
- **Net debt**: $5.69B
- **P/E**: 30.3
- **Revenue growth (YoY)**: 11.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 54 |
| Growth | 80 |
| Profitability | 100 |
| Health | 49 |
| Quality | 75 |
| Moat | 100 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +11.6% YoY
- [x] Profitable — $1.36B TTM
- [x] Profit growing — +13.5% YoY
- [x] Generates cash — $1.60B TTM
- [x] Debt under control — ~3.6y of cash flow to repay
- [x] Established company — $41.3B market cap
- [x] Not printing shares — -9.3% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 5.3 — safe
- [x] Pays a dividend — yield 1.39%
- [x] Valuation not extreme — P/E 30.3

## Experience (career milestones)

- **Q2 2026** — 6 open-market insider purchases: ~4K shares bought by insiders
- **FY2025** — Best year on record: $1.20B net income
- **2023** — MSCI completed the acquisition of New Jersey–based private assets data provider, Burgiss Group for…
- **2021** — MSCI acquired Real Capital Analytics
- **2019** — MSCI acquired Carbon Delta, a Zurich-based climate change analytics company
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.15B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2014** — MSCI acquired GMI Ratings
- **2013** — MSCI acquired Investor Force from ICG Group (formerly Internet Capital Group)
- **2012** — MSCI acquired Investment Property Databank
- **2010** — MSCI acquired RiskMetrics Group, Inc. and Measurisk
- **2007** — This was followed by an initial public offering of a minority of stock in November 2007
- **2004** — MSCI acquired Barra, Inc., to form MSCI Barra

## Strengths

- High gross margin (83.0%)
- Strongly profitable — 40.7% net margin
- Revenue growing 11.6% year over year
- Strong cash conversion — FCF is 47.9% of revenue
- Interest covered 8.7× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.04B | $726M | $923M |
| FY2022 | $2.25B | $871M | $1.08B |
| FY2023 | $2.53B | $1.15B | $1.21B |
| FY2024 | $2.86B | $1.11B | $1.47B |
| FY2025 | $3.13B | $1.20B | $1.55B |

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Source: https://stockcv.com/MSCI — derived from company filings; may be delayed or incomplete. Information, not investment advice.