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Side-by-side financial comparison of MSCI Inc. (MSCI) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $822.5M, roughly 1.6× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 12.7%, a 21.9% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -0.6%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $279.4M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs -4.3%).
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.
Open Text Corporation is a global software company that develops and sells information management software.
MSCI vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $1.3B |
| Net Profit | $284.7M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | 56.4% | 22.0% |
| Net Margin | 34.6% | 12.7% |
| Revenue YoY | 10.6% | -0.6% |
| Net Profit YoY | -6.8% | -26.9% |
| EPS (diluted) | $3.81 | $0.66 |
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 | $1.3B | ||
| Q3 25 | $793.4M | $1.3B | ||
| Q2 25 | $772.7M | $1.3B | ||
| Q1 25 | $745.8M | $1.3B | ||
| Q4 24 | $743.5M | $1.3B | ||
| Q3 24 | $724.7M | $1.3B | ||
| Q2 24 | $707.9M | $1.4B | ||
| Q1 24 | $680.0M | $1.4B |
| Q4 25 | $284.7M | $168.1M | ||
| Q3 25 | $325.4M | $146.6M | ||
| Q2 25 | $303.6M | $28.8M | ||
| Q1 25 | $288.6M | $92.8M | ||
| Q4 24 | $305.5M | $229.9M | ||
| Q3 24 | $280.9M | $84.4M | ||
| Q2 24 | $266.8M | $248.2M | ||
| Q1 24 | $256.0M | $98.3M |
| Q4 25 | — | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | — | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 72.5% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | 56.4% | 22.0% | ||
| Q3 25 | 56.4% | 21.0% | ||
| Q2 25 | 55.0% | 13.9% | ||
| Q1 25 | 50.6% | 16.7% | ||
| Q4 24 | 54.5% | 22.2% | ||
| Q3 24 | 55.4% | 16.3% | ||
| Q2 24 | 54.0% | 14.2% | ||
| Q1 24 | 49.9% | 15.7% |
| Q4 25 | 34.6% | 12.7% | ||
| Q3 25 | 41.0% | 11.4% | ||
| Q2 25 | 39.3% | 2.2% | ||
| Q1 25 | 38.7% | 7.4% | ||
| Q4 24 | 41.1% | 17.2% | ||
| Q3 24 | 38.8% | 6.6% | ||
| Q2 24 | 37.7% | 18.2% | ||
| Q1 24 | 37.6% | 6.8% |
| Q4 25 | $3.81 | $0.66 | ||
| Q3 25 | $4.25 | $0.58 | ||
| Q2 25 | $3.92 | $0.11 | ||
| Q1 25 | $3.71 | $0.35 | ||
| Q4 24 | $3.89 | $0.87 | ||
| Q3 24 | $3.57 | $0.32 | ||
| Q2 24 | $3.37 | $0.91 | ||
| Q1 24 | $3.22 | $0.36 |
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 | $1.3B |
| Total DebtLower is stronger | $6.2B | $6.4B |
| Stockholders' EquityBook value | $-2.7B | $4.0B |
| Total Assets | $5.7B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | $1.3B | ||
| Q3 25 | $400.1M | $1.1B | ||
| Q2 25 | $347.3M | $1.2B | ||
| Q1 25 | $360.7M | $1.3B | ||
| Q4 24 | $409.4M | $1.1B | ||
| Q3 24 | $501.0M | $1.0B | ||
| Q2 24 | $451.4M | $1.3B | ||
| Q1 24 | $519.3M | $1.1B |
| Q4 25 | $6.2B | $6.4B | ||
| Q3 25 | $5.5B | $6.4B | ||
| Q2 25 | $4.5B | $6.4B | ||
| Q1 25 | $4.5B | $6.4B | ||
| Q4 24 | $4.5B | $6.4B | ||
| Q3 24 | $4.5B | $6.4B | ||
| Q2 24 | $4.5B | $6.4B | ||
| Q1 24 | $4.5B | $8.4B |
| Q4 25 | $-2.7B | $4.0B | ||
| Q3 25 | $-1.9B | $4.0B | ||
| Q2 25 | $-886.2M | $3.9B | ||
| Q1 25 | $-958.6M | $4.1B | ||
| Q4 24 | $-940.0M | $4.2B | ||
| Q3 24 | $-751.0M | $4.1B | ||
| Q2 24 | $-734.5M | $4.2B | ||
| Q1 24 | $-650.5M | $4.1B |
| Q4 25 | $5.7B | $13.6B | ||
| Q3 25 | $5.4B | $13.5B | ||
| Q2 25 | $5.4B | $13.8B | ||
| Q1 25 | $5.3B | $13.8B | ||
| Q4 24 | $5.4B | $13.7B | ||
| Q3 24 | $5.4B | $13.8B | ||
| Q2 24 | $5.5B | $14.2B | ||
| Q1 24 | $5.5B | $16.4B |
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| Free Cash FlowOCF − Capex | $488.7M | $279.4M |
| FCF MarginFCF / Revenue | 59.4% | 21.1% |
| Capex IntensityCapex / Revenue | 1.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.76× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | $318.7M | ||
| Q3 25 | $449.4M | $147.8M | ||
| Q2 25 | $336.1M | $158.2M | ||
| Q1 25 | $301.7M | $402.2M | ||
| Q4 24 | $430.6M | $348.0M | ||
| Q3 24 | $421.6M | $-77.8M | ||
| Q2 24 | $349.2M | $185.2M | ||
| Q1 24 | $300.1M | $384.7M |
| Q4 25 | $488.7M | $279.4M | ||
| Q3 25 | $445.5M | $101.2M | ||
| Q2 25 | $324.7M | $124.0M | ||
| Q1 25 | $290.2M | $373.8M | ||
| Q4 24 | $416.4M | $306.7M | ||
| Q3 24 | $415.0M | $-117.1M | ||
| Q2 24 | $340.6M | $145.2M | ||
| Q1 24 | $295.9M | $348.2M |
| Q4 25 | 59.4% | 21.1% | ||
| Q3 25 | 56.2% | 7.9% | ||
| Q2 25 | 42.0% | 9.5% | ||
| Q1 25 | 38.9% | 29.8% | ||
| Q4 24 | 56.0% | 23.0% | ||
| Q3 24 | 57.3% | -9.2% | ||
| Q2 24 | 48.1% | 10.7% | ||
| Q1 24 | 43.5% | 24.1% |
| Q4 25 | 1.5% | 3.0% | ||
| Q3 25 | 0.5% | 3.6% | ||
| Q2 25 | 1.5% | 2.6% | ||
| Q1 25 | 1.5% | 2.3% | ||
| Q4 24 | 1.9% | 3.1% | ||
| Q3 24 | 0.9% | 3.1% | ||
| Q2 24 | 1.2% | 2.9% | ||
| Q1 24 | 0.6% | 2.5% |
| Q4 25 | 1.76× | 1.90× | ||
| Q3 25 | 1.38× | 1.01× | ||
| Q2 25 | 1.11× | 5.49× | ||
| Q1 25 | 1.05× | 4.33× | ||
| Q4 24 | 1.41× | 1.51× | ||
| Q3 24 | 1.50× | -0.92× | ||
| Q2 24 | 1.31× | 0.75× | ||
| Q1 24 | 1.17× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
