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Side-by-side financial comparison of MSCI Inc. (MSCI) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $822.5M, roughly 1.7× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 4.4%, a 30.2% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 10.6%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
MSCI vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $1.4B |
| Net Profit | $284.7M | $59.7M |
| Gross Margin | — | — |
| Operating Margin | 56.4% | 7.0% |
| Net Margin | 34.6% | 4.4% |
| Revenue YoY | 10.6% | 18.4% |
| Net Profit YoY | -6.8% | 3022.5% |
| EPS (diluted) | $3.81 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $793.4M | $1.3B | ||
| Q2 25 | $772.7M | $1.3B | ||
| Q1 25 | $745.8M | $1.3B | ||
| Q4 24 | $743.5M | $1.1B | ||
| Q3 24 | $724.7M | $1.0B | ||
| Q2 24 | $707.9M | $981.4M | ||
| Q1 24 | $680.0M | $934.3M |
| Q4 25 | $284.7M | $59.7M | ||
| Q3 25 | $325.4M | $52.4M | ||
| Q2 25 | $303.6M | $51.0M | ||
| Q1 25 | $288.6M | $28.5M | ||
| Q4 24 | $305.5M | $1.9M | ||
| Q3 24 | $280.9M | $15.6M | ||
| Q2 24 | $266.8M | $-10.9M | ||
| Q1 24 | $256.0M | $49.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | 56.4% | 7.0% | ||
| Q3 25 | 56.4% | 6.4% | ||
| Q2 25 | 55.0% | 6.2% | ||
| Q1 25 | 50.6% | 3.8% | ||
| Q4 24 | 54.5% | 1.7% | ||
| Q3 24 | 55.4% | 2.2% | ||
| Q2 24 | 54.0% | 0.1% | ||
| Q1 24 | 49.9% | 8.6% |
| Q4 25 | 34.6% | 4.4% | ||
| Q3 25 | 41.0% | 3.9% | ||
| Q2 25 | 39.3% | 3.9% | ||
| Q1 25 | 38.7% | 2.2% | ||
| Q4 24 | 41.1% | 0.2% | ||
| Q3 24 | 38.8% | 1.5% | ||
| Q2 24 | 37.7% | -1.1% | ||
| Q1 24 | 37.6% | 5.3% |
| Q4 25 | $3.81 | $0.42 | ||
| Q3 25 | $4.25 | $0.32 | ||
| Q2 25 | $3.92 | $0.31 | ||
| Q1 25 | $3.71 | $0.17 | ||
| Q4 24 | $3.89 | $-0.03 | ||
| Q3 24 | $3.57 | $0.10 | ||
| Q2 24 | $3.37 | $-0.07 | ||
| Q1 24 | $3.22 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | $6.2B | $353.2M |
| Stockholders' EquityBook value | $-2.7B | $946.8M |
| Total Assets | $5.7B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | $197.0M | ||
| Q3 25 | $400.1M | $355.7M | ||
| Q2 25 | $347.3M | $294.2M | ||
| Q1 25 | $360.7M | $287.5M | ||
| Q4 24 | $409.4M | $157.7M | ||
| Q3 24 | $501.0M | $49.5M | ||
| Q2 24 | $451.4M | $73.4M | ||
| Q1 24 | $519.3M | $81.2M |
| Q4 25 | $6.2B | $353.2M | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | $411.9M | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-2.7B | $946.8M | ||
| Q3 25 | $-1.9B | $871.3M | ||
| Q2 25 | $-886.2M | $806.8M | ||
| Q1 25 | $-958.6M | $750.2M | ||
| Q4 24 | $-940.0M | $709.6M | ||
| Q3 24 | $-751.0M | $660.0M | ||
| Q2 24 | $-734.5M | $572.1M | ||
| Q1 24 | $-650.5M | $128.0M |
| Q4 25 | $5.7B | $5.6B | ||
| Q3 25 | $5.4B | $5.6B | ||
| Q2 25 | $5.4B | $5.5B | ||
| Q1 25 | $5.3B | $5.5B | ||
| Q4 24 | $5.4B | $5.2B | ||
| Q3 24 | $5.4B | $4.5B | ||
| Q2 24 | $5.5B | $3.9B | ||
| Q1 24 | $5.5B | $3.9B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-3.4M |
| Free Cash FlowOCF − Capex | $488.7M | — |
| FCF MarginFCF / Revenue | 59.4% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.76× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | $-3.4M | ||
| Q3 25 | $449.4M | $204.8M | ||
| Q2 25 | $336.1M | $52.6M | ||
| Q1 25 | $301.7M | $150.2M | ||
| Q4 24 | $430.6M | $64.6M | ||
| Q3 24 | $421.6M | $209.2M | ||
| Q2 24 | $349.2M | $34.8M | ||
| Q1 24 | $300.1M | $58.8M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.76× | -0.06× | ||
| Q3 25 | 1.38× | 3.91× | ||
| Q2 25 | 1.11× | 1.03× | ||
| Q1 25 | 1.05× | 5.28× | ||
| Q4 24 | 1.41× | 33.78× | ||
| Q3 24 | 1.50× | 13.39× | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | 1.20× |
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% |
PACS
Segment breakdown not available.
