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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and MSCI Inc. (MSCI). Click either name above to swap in a different company.

MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $732.4M, roughly 1.1× Allegiant Travel CO). MSCI Inc. runs the higher net margin — 34.6% vs 5.8%, a 28.8% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 4.8%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 10.0%).

Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.

MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.

ALGT vs MSCI — Head-to-Head

Bigger by revenue
MSCI
MSCI
1.1× larger
MSCI
$822.5M
$732.4M
ALGT
Growing faster (revenue YoY)
MSCI
MSCI
+5.9% gap
MSCI
10.6%
4.8%
ALGT
Higher net margin
MSCI
MSCI
28.8% more per $
MSCI
34.6%
5.8%
ALGT
Faster 2-yr revenue CAGR
ALGT
ALGT
Annualised
ALGT
11.0%
10.0%
MSCI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALGT
ALGT
MSCI
MSCI
Revenue
$732.4M
$822.5M
Net Profit
$42.5M
$284.7M
Gross Margin
Operating Margin
11.1%
56.4%
Net Margin
5.8%
34.6%
Revenue YoY
4.8%
10.6%
Net Profit YoY
32.4%
-6.8%
EPS (diluted)
$2.30
$3.81

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALGT
ALGT
MSCI
MSCI
Q1 26
$732.4M
Q4 25
$595.5M
$822.5M
Q3 25
$494.1M
$793.4M
Q2 25
$617.9M
$772.7M
Q1 25
$616.8M
$745.8M
Q4 24
$553.6M
$743.5M
Q3 24
$489.0M
$724.7M
Q2 24
$594.5M
$707.9M
Net Profit
ALGT
ALGT
MSCI
MSCI
Q1 26
$42.5M
Q4 25
$31.9M
$284.7M
Q3 25
$-43.6M
$325.4M
Q2 25
$-65.2M
$303.6M
Q1 25
$32.1M
$288.6M
Q4 24
$-216.2M
$305.5M
Q3 24
$-36.8M
$280.9M
Q2 24
$13.7M
$266.8M
Operating Margin
ALGT
ALGT
MSCI
MSCI
Q1 26
11.1%
Q4 25
11.2%
56.4%
Q3 25
-5.5%
56.4%
Q2 25
-10.9%
55.0%
Q1 25
10.5%
50.6%
Q4 24
-47.7%
54.5%
Q3 24
-5.4%
55.4%
Q2 24
5.9%
54.0%
Net Margin
ALGT
ALGT
MSCI
MSCI
Q1 26
5.8%
Q4 25
5.4%
34.6%
Q3 25
-8.8%
41.0%
Q2 25
-10.5%
39.3%
Q1 25
5.2%
38.7%
Q4 24
-39.1%
41.1%
Q3 24
-7.5%
38.8%
Q2 24
2.3%
37.7%
EPS (diluted)
ALGT
ALGT
MSCI
MSCI
Q1 26
$2.30
Q4 25
$1.82
$3.81
Q3 25
$-2.41
$4.25
Q2 25
$-3.62
$3.92
Q1 25
$1.73
$3.71
Q4 24
$-12.12
$3.89
Q3 24
$-2.05
$3.57
Q2 24
$0.75
$3.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALGT
ALGT
MSCI
MSCI
Cash + ST InvestmentsLiquidity on hand
$902.1M
$515.3M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$-2.7B
Total Assets
$5.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
MSCI
MSCI
Q1 26
$902.1M
Q4 25
$805.7M
$515.3M
Q3 25
$956.7M
$400.1M
Q2 25
$842.8M
$347.3M
Q1 25
$878.6M
$360.7M
Q4 24
$781.1M
$409.4M
Q3 24
$759.3M
$501.0M
Q2 24
$791.9M
$451.4M
Total Debt
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
$1.7B
$6.2B
Q3 25
$1.8B
$5.5B
Q2 25
$1.8B
$4.5B
Q1 25
$1.7B
$4.5B
Q4 24
$1.6B
$4.5B
Q3 24
$1.8B
$4.5B
Q2 24
$1.7B
$4.5B
Stockholders' Equity
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
$1.1B
$-2.7B
Q3 25
$1.0B
$-1.9B
Q2 25
$1.1B
$-886.2M
Q1 25
$1.1B
$-958.6M
Q4 24
$1.1B
$-940.0M
Q3 24
$1.3B
$-751.0M
Q2 24
$1.3B
$-734.5M
Total Assets
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
$4.2B
$5.7B
Q3 25
$4.4B
$5.4B
Q2 25
$4.4B
$5.4B
Q1 25
$4.5B
$5.3B
Q4 24
$4.4B
$5.4B
Q3 24
$4.8B
$5.4B
Q2 24
$4.9B
$5.5B
Debt / Equity
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
1.60×
Q3 25
1.76×
Q2 25
1.68×
Q1 25
1.57×
Q4 24
1.48×
Q3 24
1.36×
Q2 24
1.30×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALGT
ALGT
MSCI
MSCI
Operating Cash FlowLast quarter
$501.1M
Free Cash FlowOCF − Capex
$488.7M
FCF MarginFCF / Revenue
59.4%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.76×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
$112.2M
$501.1M
Q3 25
$-6.1M
$449.4M
Q2 25
$92.2M
$336.1M
Q1 25
$191.4M
$301.7M
Q4 24
$84.4M
$430.6M
Q3 24
$17.3M
$421.6M
Q2 24
$68.9M
$349.2M
Free Cash Flow
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
$90.4M
$488.7M
Q3 25
$-121.7M
$445.5M
Q2 25
$-10.5M
$324.7M
Q1 25
$116.9M
$290.2M
Q4 24
$24.0M
$416.4M
Q3 24
$-28.7M
$415.0M
Q2 24
$7.0M
$340.6M
FCF Margin
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
15.2%
59.4%
Q3 25
-24.6%
56.2%
Q2 25
-1.7%
42.0%
Q1 25
19.0%
38.9%
Q4 24
4.3%
56.0%
Q3 24
-5.9%
57.3%
Q2 24
1.2%
48.1%
Capex Intensity
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
3.7%
1.5%
Q3 25
23.4%
0.5%
Q2 25
16.6%
1.5%
Q1 25
12.1%
1.5%
Q4 24
10.9%
1.9%
Q3 24
9.4%
0.9%
Q2 24
10.4%
1.2%
Cash Conversion
ALGT
ALGT
MSCI
MSCI
Q1 26
Q4 25
3.51×
1.76×
Q3 25
1.38×
Q2 25
1.11×
Q1 25
5.96×
1.05×
Q4 24
1.41×
Q3 24
1.50×
Q2 24
5.03×
1.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALGT
ALGT

Passenger$671.8M92%
Third party products$42.3M6%
Fixed fee contracts$18.1M2%
Resort and other$175.0K0%

MSCI
MSCI

Recurring Subscriptions$246.4M30%
Asset Based Fees$211.7M26%
Analytics Segment$182.3M22%
Sustainability And Climate Segment$90.3M11%
Other$70.9M9%
Non Recurring$21.1M3%

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