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Side-by-side financial comparison of CIVITAS RESOURCES, INC. (CIVI) and MSCI Inc. (MSCI). Click either name above to swap in a different company.

CIVITAS RESOURCES, INC. is the larger business by last-quarter revenue ($1.2B vs $822.5M, roughly 1.4× MSCI Inc.). On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -8.2%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 1.8%).

Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.

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.

CIVI vs MSCI — Head-to-Head

Bigger by revenue
CIVI
CIVI
1.4× larger
CIVI
$1.2B
$822.5M
MSCI
Growing faster (revenue YoY)
MSCI
MSCI
+18.8% gap
MSCI
10.6%
-8.2%
CIVI
Faster 2-yr revenue CAGR
MSCI
MSCI
Annualised
MSCI
10.0%
1.8%
CIVI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CIVI
CIVI
MSCI
MSCI
Revenue
$1.2B
$822.5M
Net Profit
$284.7M
Gross Margin
Operating Margin
20.0%
56.4%
Net Margin
34.6%
Revenue YoY
-8.2%
10.6%
Net Profit YoY
-6.8%
EPS (diluted)
$1.99
$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
CIVI
CIVI
MSCI
MSCI
Q4 25
$822.5M
Q3 25
$1.2B
$793.4M
Q2 25
$1.1B
$772.7M
Q1 25
$1.2B
$745.8M
Q4 24
$1.3B
$743.5M
Q3 24
$1.3B
$724.7M
Q2 24
$1.3B
$707.9M
Q1 24
$1.3B
$680.0M
Net Profit
CIVI
CIVI
MSCI
MSCI
Q4 25
$284.7M
Q3 25
$325.4M
Q2 25
$303.6M
Q1 25
$288.6M
Q4 24
$305.5M
Q3 24
$280.9M
Q2 24
$266.8M
Q1 24
$256.0M
Operating Margin
CIVI
CIVI
MSCI
MSCI
Q4 25
56.4%
Q3 25
20.0%
56.4%
Q2 25
15.3%
55.0%
Q1 25
20.7%
50.6%
Q4 24
15.4%
54.5%
Q3 24
30.6%
55.4%
Q2 24
21.6%
54.0%
Q1 24
15.9%
49.9%
Net Margin
CIVI
CIVI
MSCI
MSCI
Q4 25
34.6%
Q3 25
41.0%
Q2 25
39.3%
Q1 25
38.7%
Q4 24
41.1%
Q3 24
38.8%
Q2 24
37.7%
Q1 24
37.6%
EPS (diluted)
CIVI
CIVI
MSCI
MSCI
Q4 25
$3.81
Q3 25
$1.99
$4.25
Q2 25
$1.34
$3.92
Q1 25
$1.99
$3.71
Q4 24
$1.56
$3.89
Q3 24
$3.01
$3.57
Q2 24
$2.15
$3.37
Q1 24
$1.74
$3.22

Balance Sheet & Financial Strength

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

Metric
CIVI
CIVI
MSCI
MSCI
Cash + ST InvestmentsLiquidity on hand
$56.0M
$515.3M
Total DebtLower is stronger
$5.1B
$6.2B
Stockholders' EquityBook value
$6.7B
$-2.7B
Total Assets
$15.1B
$5.7B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIVI
CIVI
MSCI
MSCI
Q4 25
$515.3M
Q3 25
$56.0M
$400.1M
Q2 25
$69.0M
$347.3M
Q1 25
$20.0M
$360.7M
Q4 24
$76.0M
$409.4M
Q3 24
$47.1M
$501.0M
Q2 24
$91.9M
$451.4M
Q1 24
$52.1M
$519.3M
Total Debt
CIVI
CIVI
MSCI
MSCI
Q4 25
$6.2B
Q3 25
$5.1B
$5.5B
Q2 25
$5.4B
$4.5B
Q1 25
$5.1B
$4.5B
Q4 24
$4.5B
$4.5B
Q3 24
$4.8B
$4.5B
Q2 24
$4.9B
$4.5B
Q1 24
$4.4B
$4.5B
Stockholders' Equity
CIVI
CIVI
MSCI
MSCI
Q4 25
$-2.7B
Q3 25
$6.7B
$-1.9B
Q2 25
$6.8B
$-886.2M
Q1 25
$6.7B
$-958.6M
Q4 24
$6.6B
$-940.0M
Q3 24
$6.7B
$-751.0M
Q2 24
$6.6B
$-734.5M
Q1 24
$6.6B
$-650.5M
Total Assets
CIVI
CIVI
MSCI
MSCI
Q4 25
$5.7B
Q3 25
$15.1B
$5.4B
Q2 25
$15.4B
$5.4B
Q1 25
$15.3B
$5.3B
Q4 24
$14.9B
$5.4B
Q3 24
$15.0B
$5.4B
Q2 24
$15.0B
$5.5B
Q1 24
$15.1B
$5.5B
Debt / Equity
CIVI
CIVI
MSCI
MSCI
Q4 25
Q3 25
0.77×
Q2 25
0.79×
Q1 25
0.76×
Q4 24
0.68×
Q3 24
0.73×
Q2 24
0.74×
Q1 24
0.67×

Cash Flow & Capital Efficiency

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

Metric
CIVI
CIVI
MSCI
MSCI
Operating Cash FlowLast quarter
$860.0M
$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
CIVI
CIVI
MSCI
MSCI
Q4 25
$501.1M
Q3 25
$860.0M
$449.4M
Q2 25
$298.0M
$336.1M
Q1 25
$719.0M
$301.7M
Q4 24
$858.2M
$430.6M
Q3 24
$835.0M
$421.6M
Q2 24
$359.0M
$349.2M
Q1 24
$813.0M
$300.1M
Free Cash Flow
CIVI
CIVI
MSCI
MSCI
Q4 25
$488.7M
Q3 25
$445.5M
Q2 25
$324.7M
Q1 25
$290.2M
Q4 24
$416.4M
Q3 24
$415.0M
Q2 24
$340.6M
Q1 24
$295.9M
FCF Margin
CIVI
CIVI
MSCI
MSCI
Q4 25
59.4%
Q3 25
56.2%
Q2 25
42.0%
Q1 25
38.9%
Q4 24
56.0%
Q3 24
57.3%
Q2 24
48.1%
Q1 24
43.5%
Capex Intensity
CIVI
CIVI
MSCI
MSCI
Q4 25
1.5%
Q3 25
0.5%
Q2 25
1.5%
Q1 25
1.5%
Q4 24
1.9%
Q3 24
0.9%
Q2 24
1.2%
Q1 24
0.6%
Cash Conversion
CIVI
CIVI
MSCI
MSCI
Q4 25
1.76×
Q3 25
1.38×
Q2 25
1.11×
Q1 25
1.05×
Q4 24
1.41×
Q3 24
1.50×
Q2 24
1.31×
Q1 24
1.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CIVI
CIVI

Crude Oil Natural Gas And Natural Gas Liquids$1.2B99%
Oil And Gas Operation And Maintenance$8.0M1%
Natural Gas Reserves$2.0M0%

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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