MSCI - MSCI Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$674.33
DETAILS
HIGH:
$730.00
LOW:
$618.00
MEDIAN:
$672.50
CONSENSUS:
$674.33
UPSIDE:
14.57%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||
| Revenue | 3,134.5 | 2,856.1 | 2,528.9 | 2,248.6 | 2,043.5 | 1,695.4 | 1,557.8 | 1,434.0 | 1,274.2 | 1,150.7 | 1,075.0 | 996.7 | 1,035.7 | 950.1 | 900.9 | 662.9 | 442.9 | 431.0 | 369.9 | 310.7 | 278.5 | 178.4 | 91.3 |
| Cost of Revenue | 550.4 | 514.4 | 446.6 | 404.3 | 358.7 | 291.7 | 295.0 | 287.3 | 273.9 | 252.1 | 267.7 | 308.6 | 328.3 | 288.1 | 277.1 | 198.6 | 118.7 | 124.7 | 121.7 | 115.4 | 106.6 | 0 | 0 |
| Gross Profit | 2,584.1 | 2,341.7 | 2,082.3 | 1,844.3 | 1,684.9 | 1,403.7 | 1,262.8 | 1,146.6 | 1,000.3 | 898.6 | 807.3 | 688.1 | 707.4 | 662.1 | 623.8 | 464.3 | 324.3 | 306.3 | 248.2 | 195.3 | 171.9 | 178.4 | 91.3 |
| Operating Expenses | |||||||||||||||||||||||
| R&D Expenses | 177.6 | 158.7 | 132.1 | 107.2 | 111.6 | 101.1 | 98.3 | 81.4 | 75.9 | 75.2 | 77.3 | 71.1 | 61.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 500.0 | 473.6 | 430.2 | 411.4 | 391.1 | 331.1 | 329.4 | 292.8 | 265.2 | 253.9 | 248.3 | 240.2 | 206.2 | 233.2 | 213.0 | 190.2 | 135.8 | 142 | 92.5 | 85.8 | 70.2 | 0 | 0 |
| Other Expenses | 192.9 | 181.0 | 135.4 | 118.0 | 109.5 | 86.7 | 79.4 | 85.5 | 80.0 | 81.4 | 77.8 | 2.1 | (0.7) | (2.1) | 85.2 | 59.0 | 37.5 | 28.5 | 26.4 | 26.2 | 28.0 | 0 | (74.8) |
| Operating Expenses | 870.5 | 813.2 | 697.7 | 636.6 | 612.1 | 518.9 | 507.1 | 459.8 | 421.1 | 410.5 | 403.4 | 350.9 | 335.9 | 315.2 | 298.2 | 249.3 | 173.3 | 170.5 | 118.8 | 112.0 | 98.3 | 0 | (74.8) |
| Operating Income | |||||||||||||||||||||||
| Operating Income | 1,713.6 | 1,528.5 | 1,384.6 | 1,207.6 | 1,072.7 | 884.8 | 755.7 | 686.9 | 579.8 | 488.1 | 403.9 | 337.2 | 371.5 | 346.9 | 322.0 | 206.1 | 151.0 | 135.8 | 129.3 | 83.3 | 73.6 | 178.4 | 16.5 |
| Interest Expense | 209.9 | 185.5 | 186.7 | 171.6 | 159.6 | 156.3 | 148.0 | 133.1 | 116.1 | 101.7 | 62.4 | 31.8 | 26.3 | 56.4 | 55.8 | 51.3 | 19.7 | 26.9 | 9.6 | 0 | 0 | 0 | 0 |
| Interest Income | 16.0 | 21.3 | 34.5 | 11.8 | 1.5 | 5.0 | 16.4 | 19.7 | 6.3 | 2.9 | 1.2 | 0.9 | 1.0 | 1.0 | 0.8 | 1.0 | 1.1 | 8.1 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||
| EBITDA | 1,932.1 | 1,747.9 | 1,715.0 | 1,357.9 | 1,151.9 | 953.3 | 853.3 | 848.5 | 661.1 | 568.9 | 489.7 | 411.7 | 420.8 | 430.3 | 402.4 | 263.8 | 188.9 | 170.0 | 170.7 | 113.0 | 105.7 | 178.4 | 91.3 |
| EBIT | 1,704.1 | 1,541.7 | 1,555.7 | 1,215.4 | 1,017.8 | 842.5 | 751.4 | 763.0 | 579.8 | 488.1 | 403.9 | 340.2 | 339.1 | 317.2 | 319.2 | 204.8 | 151.4 | 136.6 | 130.0 | 83.3 | 73.6 | 178.4 | 91.3 |
| Income Before Tax | 1,494.3 | 1,356.2 | 1,369.1 | 1,043.8 | 858.1 | 686.2 | 603.3 | 629.9 | 466.9 | 385.9 | 349.6 | 308.3 | 345.6 | 289.4 | 263.4 | 153.5 | 131.7 | 109.6 | 133.3 | 99.5 | 80.9 | 0 | 5.5 |
| Income Tax Expense | 292.0 | 247.0 | 220.5 | 173.3 | 132.2 | 84.4 | 39.7 | 122.0 | 162.9 | 125.1 | 119.5 | 109.4 | 123.1 | 105.2 | 90.0 | 61.3 | 49.9 | 41.4 | 52.2 | 36.1 | 30.4 | (20.9) | (5.9) |
| Net Income | 1,202.3 | 1,109.1 | 1,148.6 | 870.6 | 726.0 | 601.8 | 563.6 | 507.9 | 304.0 | 260.9 | 223.6 | 284.1 | 222.6 | 184.2 | 173.5 | 92.2 | 81.8 | 68.3 | 81.1 | 71.4 | 54.6 | 20.9 | 11.4 |
| Per Share Data | |||||||||||||||||||||||
| EPS (Basic) | 15.58 | 14.09 | 14.45 | 10.78 | 8.80 | 7.19 | 6.66 | 5.83 | 3.36 | 2.72 | 2.05 | 2.45 | 1.85 | 1.51 | 1.44 | 0.82 | 0.81 | 0.68 | 0.96 | 0.85 | 0.65 | 0.25 | 0.14 |
| EPS (Diluted) | 15.56 | 14.05 | 14.39 | 10.72 | 8.70 | 7.12 | 6.59 | 5.66 | 3.31 | 2.70 | 2.03 | 2.43 | 1.84 | 1.50 | 1.42 | 0.81 | 0.80 | 0.67 | 0.96 | 0.85 | 0.65 | 0.37 | 0.14 |
| Shares Outstanding | 77.2 | 78.7 | 79.5 | 80.7 | 82.5 | 83.7 | 84.6 | 87.2 | 90.3 | 96.0 | 109.1 | 115.7 | 120.1 | 122.0 | 120.7 | 112.1 | 100.6 | 100.0 | 84.6 | 83.9 | 83.9 | 83.9 | 83.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 515.3 | 405.9 | 457.8 | 993.2 | 1,421.4 | 1,300.5 | 1,506.6 | 904.2 | 889.5 | 791.8 | 176.0 | 268.1 | 5.7 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 295.3 | 0 | 0 |
| Net Receivables | 986.7 | 820.7 | 839.6 | 663.2 | 664.5 | 558.6 | 499.3 | 473.4 | 327.6 | 221.5 | 77.2 | 87.5 | 89.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 77.1 | 69.3 | 61.8 | 54.9 | 51.5 | 46.4 | 44.4 | 38.2 | 34.9 | 29.9 | 24.6 | 18.6 | 0 |
| Total Current Assets | 1,644.8 | 1,344.0 | 1,418.2 | 1,748.0 | 2,143.4 | 1,925.6 | 2,081.8 | 1,435.1 | 1,267.1 | 1,055.7 | 602.5 | 392.3 | 94.9 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 200.2 | 190.3 | 171.2 | 180.4 | 211.3 | 233.8 | 257.1 | 90.9 | 94.4 | 95.6 | 29.4 | 28.4 | 0 |
| Goodwill | 2,923.4 | 2,915.2 | 2,887.7 | 2,229.7 | 2,236.4 | 1,566.0 | 1,562.9 | 1,545.8 | 1,560.6 | 1,555.8 | 441.6 | 441.6 | 0 |
| Intangible Assets | 832.5 | 907.6 | 956.2 | 558.5 | 593.3 | 234.7 | 261.5 | 280.8 | 321.8 | 347.6 | 120.2 | 145.9 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 214.4 | 218.8 | 190.9 | 0 | 0 | 0 | 0 | 0 | (18.6) | 0 |
| Other Non-Current Assets | 55.8 | 47.7 | 43.9 | 37.3 | 63.4 | 24.0 | 20.3 | 20.5 | 19.6 | 18.3 | 6.6 | 6.8 | 28.2 |
| Total Non-Current Assets | 4,057.7 | 4,101.4 | 4,100.1 | 3,249.6 | 3,363.3 | 2,273.0 | 2,122.7 | 1,952.9 | 2,008.5 | 2,026.9 | 597.8 | 622.8 | 0 |
| Total Assets | 5,702.5 | 5,445.4 | 5,518.2 | 4,997.5 | 5,506.7 | 4,198.6 | 4,204.4 | 3,388.0 | 3,275.7 | 3,082.6 | 1,200.3 | 1,015.0 | 123.1 |
| Current Liabilities | |||||||||||||
| Account Payables | 15.3 | 14.5 | 9.8 | 15.0 | 13.4 | 14.3 | 6.5 | 3.9 | 1.6 | 0.6 | 1.9 | 0.9 | 0 |
| Short-Term Debt | 0 | 24.9 | 10.9 | 8.7 | 23.3 | 22.7 | 0 | 0 | 0 | 0 | 42.1 | 22.1 | 0 |
| Deferred Revenue | 1,231.8 | 1,123.4 | 1,083.9 | 882.9 | 824.9 | 675.9 | 574.7 | 538.0 | 374.4 | 334.4 | 152.9 | 144.7 | 0 |
| Other Current Liabilities | 242.9 | 192.6 | 219.5 | 182.4 | 184.3 | 138.9 | 166.3 | 137.0 | 131.2 | 119.1 | 0 | 0 | 0 |
| Total Current Liabilities | 1,829.7 | 1,585.7 | 1,517.0 | 1,250.5 | 1,250.9 | 1,021.8 | 900.8 | 809.0 | 607.7 | 536.6 | 292.5 | 291.1 | 0 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 6,202.3 | 4,510.8 | 4,496.8 | 4,503.2 | 4,161.4 | 3,366.8 | 3,071.9 | 2,575.5 | 2,078.1 | 2,075.2 | 337.6 | 379.7 | 0 |
| Deferred Tax Liabilities | 101.6 | 47.6 | 27.0 | 29.1 | 3.6 | 12.8 | 66.6 | 82.0 | 78.0 | 94.1 | 40.1 | 49.4 | 0 |
| Other Non-Current Liabilities | 115.8 | 120.2 | 68.2 | 91.0 | 104.1 | 88.2 | 77.7 | 87.9 | 110.9 | 59.1 | 23.0 | 8.5 | 0 |
| Total Non-Current Liabilities | 6,527.3 | 4,799.8 | 4,741.0 | 4,754.9 | 4,419.2 | 3,620.1 | 3,380.4 | 2,745.4 | 2,267.0 | 2,228.4 | 400.7 | 437.6 | 0 |
| Total Liabilities | 8,357.0 | 6,385.4 | 6,258.0 | 6,005.5 | 5,670.2 | 4,641.9 | 4,281.2 | 3,554.4 | 2,874.7 | 2,765.0 | 693.2 | 728.7 | 86.5 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.1 | 1.0 | 0 |
| Retained Earnings | 5,427.6 | 4,780.3 | 4,179.7 | 3,473.2 | 2,976.5 | 2,554.3 | 2,199.3 | 1,857.0 | 1,505.2 | 1,322.2 | 84.0 | 2.2 | 0 |
| Accumulated Other Comprehensive Income | (51.6) | (71.0) | (61.4) | (60.2) | (58.8) | (58.9) | (62.6) | (58.4) | (48.3) | (60.7) | (7.6) | (7.4) | 0 |
| Total Stockholders' Equity | (2,654.5) | (940.0) | (739.8) | (1,007.9) | (163.5) | (443.2) | (76.7) | (166.5) | 401.0 | 317.6 | 507.1 | 286.4 | 36.6 |
| Total Liabilities & Equity | 5,702.5 | 5,445.4 | 5,518.2 | 4,997.5 | 5,506.7 | 4,198.6 | 4,204.4 | 3,388.0 | 3,275.7 | 3,082.6 | 1,200.3 | 1,015.0 | 123.1 |
| Debt Metrics | |||||||||||||
| Total Debt | 6,309.8 | 4,656.8 | 4,627.9 | 4,643.5 | 4,334.8 | 3,519.1 | 3,236.1 | 2,575.5 | 2,078.1 | 2,075.2 | 379.7 | 401.8 | 0 |
| Net Debt | 5,794.5 | 4,251.0 | 4,170.0 | 3,650.3 | 2,913.3 | 2,218.6 | 1,729.5 | 1,671.3 | 1,188.6 | 1,283.4 | 203.7 | 133.7 | (5.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 1,202.3 | 1,109.1 | 1,148.6 | 870.6 | 726.0 | 601.8 | 563.6 | 507.9 | 304.0 | 260.9 | 54.6 | 20.9 |
| Depreciation & Amortization | 218.6 | 206.3 | 159.2 | 142.5 | 134.1 | 110.8 | 79.4 | 85.5 | 80.0 | 81.4 | 32.1 | 22.8 |
| Stock-Based Compensation | 111.3 | 95.2 | 71.7 | 58.1 | 54.9 | 51.1 | 41.2 | 38.9 | 36.6 | 32.0 | 0 | 0 |
| Change in Working Capital | (24.0) | 72.7 | 2.5 | (19.4) | 60.1 | 51.9 | 1.6 | 39.1 | (1.6) | 81.3 | 32.3 | (19.9) |
| Other Non-Cash Items | 33.6 | 3.9 | (130.6) | 7.2 | 72.3 | 51.1 | 44.4 | (57.9) | 4.1 | (3.8) | 0.8 | (0.7) |
| Operating Cash Flow | 1,588.4 | 1,501.6 | 1,236.0 | 1,095.4 | 936.1 | 811.1 | 709.5 | 612.8 | 404.2 | 434.7 | 59.9 | 22.1 |
| Investing Activities | ||||||||||||
| Capital Expenditure | (39.3) | (33.8) | (90.9) | (72.9) | (52.8) | (51.0) | (53.8) | (49.0) | (48.8) | (42.6) | (0.3) | (2.1) |
| Acquisitions | 0 | (27.5) | (727.3) | (0.0) | (975.4) | (190.8) | (18.2) | 83.8 | 0 | 0.6 | 90 | 0 |
| Purchases of Investments | 0 | 0 | 0 | (0.0) | (26.4) | (190.8) | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0.0 | 26.4 | 410.8 | 0 | 0 | 0.8 | 0 | 0.6 | 168.6 |
| Other Investing Activities | (90.7) | (1.7) | (1.2) | (6.4) | (7.6) | (220.0) | 0.0 | 0.0 | 0 | 0 | (154.0) | (31.4) |
| Investing Cash Flow | (130.1) | (144.3) | (819.4) | (79.3) | (1,035.7) | (241.8) | (71.9) | 34.9 | (48.0) | (42.0) | (63.7) | 135.1 |
| Financing Activities | ||||||||||||
| Net Debt Issuance | 1,704.1 | (2.2) | (8.8) | 347.8 | 751.9 | 262.6 | 486.9 | 500 | 0 | 500 | 0 | 0 |
| Stock Repurchased | (2,484.3) | (885.3) | (504.2) | (1,397.5) | (198.4) | (778.5) | (292.1) | (949.9) | (150.5) | (774.6) | 0 | 0 |
| Dividends Paid | (556.5) | (509.1) | (441.0) | (372.9) | (302.4) | (246.4) | (222.9) | (170.9) | (119.7) | (96.2) | 0 | (177.5) |
| Other Financing Activities | (25.3) | (5.7) | 0 | (2.8) | (21.6) | (16.7) | (8.5) | (5.7) | 2.6 | 5.5 | 0 | 46.0 |
| Financing Cash Flow | (1,362.0) | (1,402.3) | (953.9) | (1,425.4) | 229.5 | (779.0) | (36.7) | (626.5) | (267.5) | (365.3) | 0 | (131.5) |
| Cash Position | ||||||||||||
| Net Change in Cash | 106.0 | (52.3) | (531.9) | (427.9) | 120.9 | (206.0) | 602.4 | 14.7 | 97.7 | 14.1 | (9.7) | 0 |
| Cash at Beginning | 409.4 | 461.7 | 993.6 | 1,421.4 | 1,300.5 | 1,506.6 | 904.2 | 889.5 | 791.8 | 777.7 | 33.1 | 0 |
| Cash at End | 515.3 | 409.4 | 461.7 | 993.6 | 1,421.4 | 1,300.5 | 1,506.6 | 904.2 | 889.5 | 791.8 | 23.4 | 98.9 |
| Free Cash Flow | 1,549.1 | 1,467.9 | 1,145.2 | 1,022.5 | 883.3 | 760.1 | 655.8 | 563.8 | 355.3 | 392.1 | 59.5 | 20.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||
| Revenue | 3,134.5 | 2,856.1 | 2,528.9 | 2,248.6 | 2,043.5 | 1,695.4 | 1,557.8 | 1,434.0 | 1,274.2 | 1,150.7 | 1,075.0 | 996.7 | 1,035.7 | 950.1 | 900.9 | 662.9 | 442.9 | 431.0 | 369.9 | 310.7 | 278.5 | 178.4 | 91.3 |
| Gross Profit | 2,584.1 | 2,341.7 | 2,082.3 | 1,844.3 | 1,684.9 | 1,403.7 | 1,262.8 | 1,146.6 | 1,000.3 | 898.6 | 807.3 | 688.1 | 707.4 | 662.1 | 623.8 | 464.3 | 324.3 | 306.3 | 248.2 | 195.3 | 171.9 | 178.4 | 91.3 |
| Operating Income | 1,713.6 | 1,528.5 | 1,384.6 | 1,207.6 | 1,072.7 | 884.8 | 755.7 | 686.9 | 579.8 | 488.1 | 403.9 | 337.2 | 371.5 | 346.9 | 322.0 | 206.1 | 151.0 | 135.8 | 129.3 | 83.3 | 73.6 | 178.4 | 16.5 |
| Net Income | 1,202.3 | 1,109.1 | 1,148.6 | 870.6 | 726.0 | 601.8 | 563.6 | 507.9 | 304.0 | 260.9 | 223.6 | 284.1 | 222.6 | 184.2 | 173.5 | 92.2 | 81.8 | 68.3 | 81.1 | 71.4 | 54.6 | 20.9 | 11.4 |
| EPS (Diluted) | 15.56 | 14.05 | 14.39 | 10.72 | 8.70 | 7.12 | 6.59 | 5.66 | 3.31 | 2.70 | 2.03 | 2.43 | 1.84 | 1.50 | 1.42 | 0.81 | 0.80 | 0.67 | 0.96 | 0.85 | 0.65 | 0.37 | 0.14 |
| Balance Sheet | |||||||||||||||||||||||
| Cash & Equivalents | 515.3 | 405.9 | 457.8 | 993.2 | 1,421.4 | 1,300.5 | 1,506.6 | 904.2 | 889.5 | 791.8 | 176.0 | 268.1 | 5.7 | ||||||||||
| Total Assets | 5,702.5 | 5,445.4 | 5,518.2 | 4,997.5 | 5,506.7 | 4,198.6 | 4,204.4 | 3,388.0 | 3,275.7 | 3,082.6 | 1,200.3 | 1,015.0 | 123.1 | ||||||||||
| Total Debt | 6,309.8 | 4,656.8 | 4,627.9 | 4,643.5 | 4,334.8 | 3,519.1 | 3,236.1 | 2,575.5 | 2,078.1 | 2,075.2 | 379.7 | 401.8 | 0 | ||||||||||
| Stockholders' Equity | (2,654.5) | (940.0) | (739.8) | (1,007.9) | (163.5) | (443.2) | (76.7) | (166.5) | 401.0 | 317.6 | 507.1 | 286.4 | 36.6 | ||||||||||
| Cash Flow | |||||||||||||||||||||||
| Operating Cash Flow | 1,588.4 | 1,501.6 | 1,236.0 | 1,095.4 | 936.1 | 811.1 | 709.5 | 612.8 | 404.2 | 434.7 | 59.9 | 22.1 | |||||||||||
| Capital Expenditure | (39.3) | (33.8) | (90.9) | (72.9) | (52.8) | (51.0) | (53.8) | (49.0) | (48.8) | (42.6) | (0.3) | (2.1) | |||||||||||
| Free Cash Flow | 1,549.1 | 1,467.9 | 1,145.2 | 1,022.5 | 883.3 | 760.1 | 655.8 | 563.8 | 355.3 | 392.1 | 59.5 | 20.0 | |||||||||||