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Side-by-side financial comparison of MSCI Inc. (MSCI) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $822.5M, roughly 1.1× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 14.4%, a 20.2% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 10.6%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $118.5M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 10.0%).
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.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
MSCI vs NXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $909.4M |
| Net Profit | $284.7M | $131.2M |
| Gross Margin | — | 31.7% |
| Operating Margin | 56.4% | 19.4% |
| Net Margin | 34.6% | 14.4% |
| Revenue YoY | 10.6% | 33.9% |
| Net Profit YoY | -6.8% | 13.8% |
| EPS (diluted) | $3.81 | $0.85 |
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.
| Q4 25 | $822.5M | $909.4M | ||
| Q3 25 | $793.4M | $905.3M | ||
| Q2 25 | $772.7M | $864.3M | ||
| Q1 25 | $745.8M | $924.3M | ||
| Q4 24 | $743.5M | $679.4M | ||
| Q3 24 | $724.7M | $635.6M | ||
| Q2 24 | $707.9M | $719.9M | ||
| Q1 24 | $680.0M | $736.5M |
| Q4 25 | $284.7M | $131.2M | ||
| Q3 25 | $325.4M | $146.9M | ||
| Q2 25 | $303.6M | $157.2M | ||
| Q1 25 | $288.6M | $156.8M | ||
| Q4 24 | $305.5M | $115.3M | ||
| Q3 24 | $280.9M | $115.4M | ||
| Q2 24 | $266.8M | $121.7M | ||
| Q1 24 | $256.0M | $205.2M |
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 32.6% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 33.0% | ||
| Q1 24 | — | 46.2% |
| Q4 25 | 56.4% | 19.4% | ||
| Q3 25 | 56.4% | 20.0% | ||
| Q2 25 | 55.0% | 21.5% | ||
| Q1 25 | 50.6% | 21.1% | ||
| Q4 24 | 54.5% | 22.1% | ||
| Q3 24 | 55.4% | 21.0% | ||
| Q2 24 | 54.0% | 22.2% | ||
| Q1 24 | 49.9% | 36.8% |
| Q4 25 | 34.6% | 14.4% | ||
| Q3 25 | 41.0% | 16.2% | ||
| Q2 25 | 39.3% | 18.2% | ||
| Q1 25 | 38.7% | 17.0% | ||
| Q4 24 | 41.1% | 17.0% | ||
| Q3 24 | 38.8% | 18.2% | ||
| Q2 24 | 37.7% | 16.9% | ||
| Q1 24 | 37.6% | 27.9% |
| Q4 25 | $3.81 | $0.85 | ||
| Q3 25 | $4.25 | $0.97 | ||
| Q2 25 | $3.92 | $1.04 | ||
| Q1 25 | $3.71 | $1.05 | ||
| Q4 24 | $3.89 | $0.79 | ||
| Q3 24 | $3.57 | $0.79 | ||
| Q2 24 | $3.37 | $0.84 | ||
| Q1 24 | $3.22 | $1.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $515.3M | $952.6M |
| Total DebtLower is stronger | $6.2B | — |
| Stockholders' EquityBook value | $-2.7B | $2.2B |
| Total Assets | $5.7B | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | $952.6M | ||
| Q3 25 | $400.1M | $845.3M | ||
| Q2 25 | $347.3M | $743.4M | ||
| Q1 25 | $360.7M | $766.1M | ||
| Q4 24 | $409.4M | $693.5M | ||
| Q3 24 | $501.0M | $561.9M | ||
| Q2 24 | $451.4M | $471.9M | ||
| Q1 24 | $519.3M | $474.1M |
| Q4 25 | $6.2B | — | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-2.7B | $2.2B | ||
| Q3 25 | $-1.9B | $2.0B | ||
| Q2 25 | $-886.2M | $1.8B | ||
| Q1 25 | $-958.6M | $1.6B | ||
| Q4 24 | $-940.0M | $1.4B | ||
| Q3 24 | $-751.0M | $1.3B | ||
| Q2 24 | $-734.5M | $1.1B | ||
| Q1 24 | $-650.5M | $961.0M |
| Q4 25 | $5.7B | $3.8B | ||
| Q3 25 | $5.4B | $3.7B | ||
| Q2 25 | $5.4B | $3.4B | ||
| Q1 25 | $5.3B | $3.2B | ||
| Q4 24 | $5.4B | $3.0B | ||
| Q3 24 | $5.4B | $2.8B | ||
| Q2 24 | $5.5B | $2.6B | ||
| Q1 24 | $5.5B | $2.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $501.1M | $123.3M |
| Free Cash FlowOCF − Capex | $488.7M | $118.5M |
| FCF MarginFCF / Revenue | 59.4% | 13.0% |
| Capex IntensityCapex / Revenue | 1.5% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.76× | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | $123.3M | ||
| Q3 25 | $449.4M | $186.9M | ||
| Q2 25 | $336.1M | $81.3M | ||
| Q1 25 | $301.7M | $237.3M | ||
| Q4 24 | $430.6M | $143.8M | ||
| Q3 24 | $421.6M | $153.8M | ||
| Q2 24 | $349.2M | $120.8M | ||
| Q1 24 | $300.1M | $111.5M |
| Q4 25 | $488.7M | $118.5M | ||
| Q3 25 | $445.5M | $171.4M | ||
| Q2 25 | $324.7M | $70.1M | ||
| Q1 25 | $290.2M | $227.2M | ||
| Q4 24 | $416.4M | $134.9M | ||
| Q3 24 | $415.0M | $141.8M | ||
| Q2 24 | $340.6M | $118.0M | ||
| Q1 24 | $295.9M | $109.2M |
| Q4 25 | 59.4% | 13.0% | ||
| Q3 25 | 56.2% | 18.9% | ||
| Q2 25 | 42.0% | 8.1% | ||
| Q1 25 | 38.9% | 24.6% | ||
| Q4 24 | 56.0% | 19.9% | ||
| Q3 24 | 57.3% | 22.3% | ||
| Q2 24 | 48.1% | 16.4% | ||
| Q1 24 | 43.5% | 14.8% |
| Q4 25 | 1.5% | 0.5% | ||
| Q3 25 | 0.5% | 1.7% | ||
| Q2 25 | 1.5% | 1.3% | ||
| Q1 25 | 1.5% | 1.1% | ||
| Q4 24 | 1.9% | 1.3% | ||
| Q3 24 | 0.9% | 1.9% | ||
| Q2 24 | 1.2% | 0.4% | ||
| Q1 24 | 0.6% | 0.3% |
| Q4 25 | 1.76× | 0.94× | ||
| Q3 25 | 1.38× | 1.27× | ||
| Q2 25 | 1.11× | 0.52× | ||
| Q1 25 | 1.05× | 1.51× | ||
| Q4 24 | 1.41× | 1.25× | ||
| Q3 24 | 1.50× | 1.33× | ||
| Q2 24 | 1.31× | 0.99× | ||
| Q1 24 | 1.17× | 0.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
