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Side-by-side financial comparison of MSCI Inc. (MSCI) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $629.0M, roughly 1.3× Park Hotels & Resorts Inc.). MSCI Inc. runs the higher net margin — 34.6% vs -32.6%, a 67.2% 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 $-3.0M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs -0.8%).
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.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
MSCI vs PK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $629.0M |
| Net Profit | $284.7M | $-205.0M |
| Gross Margin | — | — |
| Operating Margin | 56.4% | -26.1% |
| Net Margin | 34.6% | -32.6% |
| Revenue YoY | 10.6% | 0.6% |
| Net Profit YoY | -6.8% | -410.6% |
| EPS (diluted) | $3.81 | $-1.04 |
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 | $629.0M | ||
| Q3 25 | $793.4M | $610.0M | ||
| Q2 25 | $772.7M | $672.0M | ||
| Q1 25 | $745.8M | $630.0M | ||
| Q4 24 | $743.5M | $625.0M | ||
| Q3 24 | $724.7M | $649.0M | ||
| Q2 24 | $707.9M | $686.0M | ||
| Q1 24 | $680.0M | $639.0M |
| Q4 25 | $284.7M | $-205.0M | ||
| Q3 25 | $325.4M | $-16.0M | ||
| Q2 25 | $303.6M | $-5.0M | ||
| Q1 25 | $288.6M | $-57.0M | ||
| Q4 24 | $305.5M | $66.0M | ||
| Q3 24 | $280.9M | $54.0M | ||
| Q2 24 | $266.8M | $64.0M | ||
| Q1 24 | $256.0M | $28.0M |
| Q4 25 | 56.4% | -26.1% | ||
| Q3 25 | 56.4% | 9.7% | ||
| Q2 25 | 55.0% | 9.7% | ||
| Q1 25 | 50.6% | 1.1% | ||
| Q4 24 | 54.5% | 13.3% | ||
| Q3 24 | 55.4% | 14.6% | ||
| Q2 24 | 54.0% | 17.6% | ||
| Q1 24 | 49.9% | 14.4% |
| Q4 25 | 34.6% | -32.6% | ||
| Q3 25 | 41.0% | -2.6% | ||
| Q2 25 | 39.3% | -0.7% | ||
| Q1 25 | 38.7% | -9.0% | ||
| Q4 24 | 41.1% | 10.6% | ||
| Q3 24 | 38.8% | 8.3% | ||
| Q2 24 | 37.7% | 9.3% | ||
| Q1 24 | 37.6% | 4.4% |
| Q4 25 | $3.81 | $-1.04 | ||
| Q3 25 | $4.25 | $-0.08 | ||
| Q2 25 | $3.92 | $-0.02 | ||
| Q1 25 | $3.71 | $-0.29 | ||
| Q4 24 | $3.89 | $0.32 | ||
| Q3 24 | $3.57 | $0.26 | ||
| Q2 24 | $3.37 | $0.30 | ||
| Q1 24 | $3.22 | $0.13 |
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 | $232.0M |
| Total DebtLower is stronger | $6.2B | $3.9B |
| Stockholders' EquityBook value | $-2.7B | $3.1B |
| Total Assets | $5.7B | $7.7B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | $232.0M | ||
| Q3 25 | $400.1M | $278.0M | ||
| Q2 25 | $347.3M | $319.0M | ||
| Q1 25 | $360.7M | $233.0M | ||
| Q4 24 | $409.4M | $402.0M | ||
| Q3 24 | $501.0M | $480.0M | ||
| Q2 24 | $451.4M | $449.0M | ||
| Q1 24 | $519.3M | $378.0M |
| Q4 25 | $6.2B | $3.9B | ||
| Q3 25 | $5.5B | $3.9B | ||
| Q2 25 | $4.5B | $3.9B | ||
| Q1 25 | $4.5B | $3.9B | ||
| Q4 24 | $4.5B | $3.9B | ||
| Q3 24 | $4.5B | $3.9B | ||
| Q2 24 | $4.5B | $3.9B | ||
| Q1 24 | $4.5B | $3.8B |
| Q4 25 | $-2.7B | $3.1B | ||
| Q3 25 | $-1.9B | $3.4B | ||
| Q2 25 | $-886.2M | $3.4B | ||
| Q1 25 | $-958.6M | $3.5B | ||
| Q4 24 | $-940.0M | $3.6B | ||
| Q3 24 | $-751.0M | $3.8B | ||
| Q2 24 | $-734.5M | $3.8B | ||
| Q1 24 | $-650.5M | $3.8B |
| Q4 25 | $5.7B | $7.7B | ||
| Q3 25 | $5.4B | $8.8B | ||
| Q2 25 | $5.4B | $8.9B | ||
| Q1 25 | $5.3B | $8.9B | ||
| Q4 24 | $5.4B | $9.2B | ||
| Q3 24 | $5.4B | $9.2B | ||
| Q2 24 | $5.5B | $9.2B | ||
| Q1 24 | $5.5B | $9.1B |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.00× |
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 | $105.0M |
| Free Cash FlowOCF − Capex | $488.7M | $-3.0M |
| FCF MarginFCF / Revenue | 59.4% | -0.5% |
| Capex IntensityCapex / Revenue | 1.5% | 17.2% |
| Cash ConversionOCF / Net Profit | 1.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $102.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | $105.0M | ||
| Q3 25 | $449.4M | $99.0M | ||
| Q2 25 | $336.1M | $108.0M | ||
| Q1 25 | $301.7M | $86.0M | ||
| Q4 24 | $430.6M | $80.0M | ||
| Q3 24 | $421.6M | $140.0M | ||
| Q2 24 | $349.2M | $117.0M | ||
| Q1 24 | $300.1M | $92.0M |
| Q4 25 | $488.7M | $-3.0M | ||
| Q3 25 | $445.5M | $31.0M | ||
| Q2 25 | $324.7M | $65.0M | ||
| Q1 25 | $290.2M | $9.0M | ||
| Q4 24 | $416.4M | $17.0M | ||
| Q3 24 | $415.0M | $97.0M | ||
| Q2 24 | $340.6M | $66.0M | ||
| Q1 24 | $295.9M | $22.0M |
| Q4 25 | 59.4% | -0.5% | ||
| Q3 25 | 56.2% | 5.1% | ||
| Q2 25 | 42.0% | 9.7% | ||
| Q1 25 | 38.9% | 1.4% | ||
| Q4 24 | 56.0% | 2.7% | ||
| Q3 24 | 57.3% | 14.9% | ||
| Q2 24 | 48.1% | 9.6% | ||
| Q1 24 | 43.5% | 3.4% |
| Q4 25 | 1.5% | 17.2% | ||
| Q3 25 | 0.5% | 11.1% | ||
| Q2 25 | 1.5% | 6.4% | ||
| Q1 25 | 1.5% | 12.2% | ||
| Q4 24 | 1.9% | 10.1% | ||
| Q3 24 | 0.9% | 6.6% | ||
| Q2 24 | 1.2% | 7.4% | ||
| Q1 24 | 0.6% | 11.0% |
| Q4 25 | 1.76× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.41× | 1.21× | ||
| Q3 24 | 1.50× | 2.59× | ||
| Q2 24 | 1.31× | 1.83× | ||
| Q1 24 | 1.17× | 3.29× |
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
