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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) 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 $733.7M, roughly 1.1× BRIGHT HORIZONS FAMILY SOLUTIONS INC.). On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 8.8%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $258.5M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 8.5%).

Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.

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.

BFAM vs MSCI — Head-to-Head

Bigger by revenue
MSCI
MSCI
1.1× larger
MSCI
$822.5M
$733.7M
BFAM
Growing faster (revenue YoY)
MSCI
MSCI
+1.8% gap
MSCI
10.6%
8.8%
BFAM
More free cash flow
MSCI
MSCI
$230.1M more FCF
MSCI
$488.7M
$258.5M
BFAM
Faster 2-yr revenue CAGR
MSCI
MSCI
Annualised
MSCI
10.0%
8.5%
BFAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFAM
BFAM
MSCI
MSCI
Revenue
$733.7M
$822.5M
Net Profit
$284.7M
Gross Margin
19.3%
Operating Margin
6.2%
56.4%
Net Margin
34.6%
Revenue YoY
8.8%
10.6%
Net Profit YoY
-6.8%
EPS (diluted)
$0.38
$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
BFAM
BFAM
MSCI
MSCI
Q4 25
$733.7M
$822.5M
Q3 25
$802.8M
$793.4M
Q2 25
$731.6M
$772.7M
Q1 25
$665.5M
$745.8M
Q4 24
$674.1M
$743.5M
Q3 24
$719.1M
$724.7M
Q2 24
$670.1M
$707.9M
Q1 24
$622.7M
$680.0M
Net Profit
BFAM
BFAM
MSCI
MSCI
Q4 25
$284.7M
Q3 25
$78.6M
$325.4M
Q2 25
$54.8M
$303.6M
Q1 25
$38.0M
$288.6M
Q4 24
$305.5M
Q3 24
$54.9M
$280.9M
Q2 24
$39.2M
$266.8M
Q1 24
$17.0M
$256.0M
Gross Margin
BFAM
BFAM
MSCI
MSCI
Q4 25
19.3%
Q3 25
27.0%
Q2 25
25.0%
Q1 25
23.4%
Q4 24
20.8%
Q3 24
25.2%
Q2 24
24.2%
Q1 24
21.7%
Operating Margin
BFAM
BFAM
MSCI
MSCI
Q4 25
6.2%
56.4%
Q3 25
15.1%
56.4%
Q2 25
11.8%
55.0%
Q1 25
9.4%
50.6%
Q4 24
7.2%
54.5%
Q3 24
12.4%
55.4%
Q2 24
10.3%
54.0%
Q1 24
6.4%
49.9%
Net Margin
BFAM
BFAM
MSCI
MSCI
Q4 25
34.6%
Q3 25
9.8%
41.0%
Q2 25
7.5%
39.3%
Q1 25
5.7%
38.7%
Q4 24
41.1%
Q3 24
7.6%
38.8%
Q2 24
5.8%
37.7%
Q1 24
2.7%
37.6%
EPS (diluted)
BFAM
BFAM
MSCI
MSCI
Q4 25
$0.38
$3.81
Q3 25
$1.37
$4.25
Q2 25
$0.95
$3.92
Q1 25
$0.66
$3.71
Q4 24
$0.50
$3.89
Q3 24
$0.94
$3.57
Q2 24
$0.67
$3.37
Q1 24
$0.29
$3.22

Balance Sheet & Financial Strength

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

Metric
BFAM
BFAM
MSCI
MSCI
Cash + ST InvestmentsLiquidity on hand
$140.1M
$515.3M
Total DebtLower is stronger
$747.6M
$6.2B
Stockholders' EquityBook value
$1.3B
$-2.7B
Total Assets
$3.9B
$5.7B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFAM
BFAM
MSCI
MSCI
Q4 25
$140.1M
$515.3M
Q3 25
$116.6M
$400.1M
Q2 25
$179.2M
$347.3M
Q1 25
$112.0M
$360.7M
Q4 24
$110.3M
$409.4M
Q3 24
$109.9M
$501.0M
Q2 24
$140.2M
$451.4M
Q1 24
$63.7M
$519.3M
Total Debt
BFAM
BFAM
MSCI
MSCI
Q4 25
$747.6M
$6.2B
Q3 25
$747.5M
$5.5B
Q2 25
$797.0M
$4.5B
Q1 25
$872.7M
$4.5B
Q4 24
$918.4M
$4.5B
Q3 24
$925.7M
$4.5B
Q2 24
$931.9M
$4.5B
Q1 24
$938.1M
$4.5B
Stockholders' Equity
BFAM
BFAM
MSCI
MSCI
Q4 25
$1.3B
$-2.7B
Q3 25
$1.4B
$-1.9B
Q2 25
$1.4B
$-886.2M
Q1 25
$1.3B
$-958.6M
Q4 24
$1.3B
$-940.0M
Q3 24
$1.4B
$-751.0M
Q2 24
$1.3B
$-734.5M
Q1 24
$1.2B
$-650.5M
Total Assets
BFAM
BFAM
MSCI
MSCI
Q4 25
$3.9B
$5.7B
Q3 25
$3.9B
$5.4B
Q2 25
$3.9B
$5.4B
Q1 25
$3.8B
$5.3B
Q4 24
$3.9B
$5.4B
Q3 24
$3.9B
$5.4B
Q2 24
$3.8B
$5.5B
Q1 24
$3.8B
$5.5B
Debt / Equity
BFAM
BFAM
MSCI
MSCI
Q4 25
0.56×
Q3 25
0.52×
Q2 25
0.57×
Q1 25
0.66×
Q4 24
0.72×
Q3 24
0.66×
Q2 24
0.73×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
BFAM
BFAM
MSCI
MSCI
Operating Cash FlowLast quarter
$350.7M
$501.1M
Free Cash FlowOCF − Capex
$258.5M
$488.7M
FCF MarginFCF / Revenue
35.2%
59.4%
Capex IntensityCapex / Revenue
12.6%
1.5%
Cash ConversionOCF / Net Profit
1.76×
TTM Free Cash FlowTrailing 4 quarters
$402.4M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFAM
BFAM
MSCI
MSCI
Q4 25
$350.7M
$501.1M
Q3 25
$-17.6M
$449.4M
Q2 25
$134.2M
$336.1M
Q1 25
$86.2M
$301.7M
Q4 24
$337.5M
$430.6M
Q3 24
$-8.9M
$421.6M
Q2 24
$109.4M
$349.2M
Q1 24
$116.3M
$300.1M
Free Cash Flow
BFAM
BFAM
MSCI
MSCI
Q4 25
$258.5M
$488.7M
Q3 25
$-42.4M
$445.5M
Q2 25
$115.4M
$324.7M
Q1 25
$70.9M
$290.2M
Q4 24
$240.2M
$416.4M
Q3 24
$-32.2M
$415.0M
Q2 24
$86.8M
$340.6M
Q1 24
$96.9M
$295.9M
FCF Margin
BFAM
BFAM
MSCI
MSCI
Q4 25
35.2%
59.4%
Q3 25
-5.3%
56.2%
Q2 25
15.8%
42.0%
Q1 25
10.7%
38.9%
Q4 24
35.6%
56.0%
Q3 24
-4.5%
57.3%
Q2 24
13.0%
48.1%
Q1 24
15.6%
43.5%
Capex Intensity
BFAM
BFAM
MSCI
MSCI
Q4 25
12.6%
1.5%
Q3 25
3.1%
0.5%
Q2 25
2.6%
1.5%
Q1 25
2.3%
1.5%
Q4 24
14.4%
1.9%
Q3 24
3.2%
0.9%
Q2 24
3.4%
1.2%
Q1 24
3.1%
0.6%
Cash Conversion
BFAM
BFAM
MSCI
MSCI
Q4 25
1.76×
Q3 25
-0.22×
1.38×
Q2 25
2.45×
1.11×
Q1 25
2.26×
1.05×
Q4 24
1.41×
Q3 24
-0.16×
1.50×
Q2 24
2.79×
1.31×
Q1 24
6.85×
1.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFAM
BFAM

Segment breakdown not available.

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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