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Side-by-side financial comparison of MSCI Inc. (MSCI) and PRICESMART INC (PSMT). Click either name above to swap in a different company.
PRICESMART 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 2.9%, a 31.7% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 9.9%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $32.6M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 3.5%).
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.
PRICESMART INCPSMTEarnings & Financial Report
PriceSmart, Inc. is a United States based operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of Price Club; Robert Price is chairman of the board.
MSCI vs PSMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $1.4B |
| Net Profit | $284.7M | $40.2M |
| Gross Margin | — | 17.7% |
| Operating Margin | 56.4% | 4.6% |
| Net Margin | 34.6% | 2.9% |
| Revenue YoY | 10.6% | 9.9% |
| Net Profit YoY | -6.8% | 7.3% |
| EPS (diluted) | $3.81 | $1.29 |
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 | $1.4B | ||
| Q4 24 | $743.5M | $1.3B | ||
| Q3 24 | $724.7M | $1.2B | ||
| Q2 24 | $707.9M | $1.2B | ||
| Q1 24 | $680.0M | $1.3B |
| Q4 25 | $284.7M | $40.2M | ||
| Q3 25 | $325.4M | $31.5M | ||
| Q2 25 | $303.6M | $35.2M | ||
| Q1 25 | $288.6M | $43.8M | ||
| Q4 24 | $305.5M | $37.4M | ||
| Q3 24 | $280.9M | $29.1M | ||
| Q2 24 | $266.8M | $32.5M | ||
| Q1 24 | $256.0M | $39.3M |
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 56.4% | 4.6% | ||
| Q3 25 | 56.4% | 4.0% | ||
| Q2 25 | 55.0% | 4.3% | ||
| Q1 25 | 50.6% | 4.8% | ||
| Q4 24 | 54.5% | 4.6% | ||
| Q3 24 | 55.4% | 4.0% | ||
| Q2 24 | 54.0% | 4.1% | ||
| Q1 24 | 49.9% | 4.9% |
| Q4 25 | 34.6% | 2.9% | ||
| Q3 25 | 41.0% | 2.4% | ||
| Q2 25 | 39.3% | 2.7% | ||
| Q1 25 | 38.7% | 3.2% | ||
| Q4 24 | 41.1% | 3.0% | ||
| Q3 24 | 38.8% | 2.4% | ||
| Q2 24 | 37.7% | 2.6% | ||
| Q1 24 | 37.6% | 3.0% |
| Q4 25 | $3.81 | $1.29 | ||
| Q3 25 | $4.25 | $1.02 | ||
| Q2 25 | $3.92 | $1.14 | ||
| Q1 25 | $3.71 | $1.45 | ||
| Q4 24 | $3.89 | $1.21 | ||
| Q3 24 | $3.57 | $0.94 | ||
| Q2 24 | $3.37 | $1.08 | ||
| Q1 24 | $3.22 | $1.31 |
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 | $320.6M |
| Total DebtLower is stronger | $6.2B | $180.3M |
| Stockholders' EquityBook value | $-2.7B | $1.3B |
| Total Assets | $5.7B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | $320.6M | ||
| Q3 25 | $400.1M | $314.2M | ||
| Q2 25 | $347.3M | $262.4M | ||
| Q1 25 | $360.7M | $247.3M | ||
| Q4 24 | $409.4M | $222.2M | ||
| Q3 24 | $501.0M | $225.5M | ||
| Q2 24 | $451.4M | $228.2M | ||
| Q1 24 | $519.3M | $264.2M |
| Q4 25 | $6.2B | $180.3M | ||
| Q3 25 | $5.5B | $186.6M | ||
| Q2 25 | $4.5B | $103.1M | ||
| Q1 25 | $4.5B | $107.1M | ||
| Q4 24 | $4.5B | $115.6M | ||
| Q3 24 | $4.5B | $130.4M | ||
| Q2 24 | $4.5B | $135.1M | ||
| Q1 24 | $4.5B | $140.0M |
| Q4 25 | $-2.7B | $1.3B | ||
| Q3 25 | $-1.9B | $1.2B | ||
| Q2 25 | $-886.2M | $1.2B | ||
| Q1 25 | $-958.6M | $1.2B | ||
| Q4 24 | $-940.0M | $1.2B | ||
| Q3 24 | $-751.0M | $1.1B | ||
| Q2 24 | $-734.5M | $1.1B | ||
| Q1 24 | $-650.5M | $1.1B |
| Q4 25 | $5.7B | $2.4B | ||
| Q3 25 | $5.4B | $2.3B | ||
| Q2 25 | $5.4B | $2.1B | ||
| Q1 25 | $5.3B | $2.1B | ||
| Q4 24 | $5.4B | $2.1B | ||
| Q3 24 | $5.4B | $2.0B | ||
| Q2 24 | $5.5B | $2.0B | ||
| Q1 24 | $5.5B | $2.0B |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.13× |
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 | $71.2M |
| Free Cash FlowOCF − Capex | $488.7M | $32.6M |
| FCF MarginFCF / Revenue | 59.4% | 2.4% |
| Capex IntensityCapex / Revenue | 1.5% | 2.8% |
| Cash ConversionOCF / Net Profit | 1.76× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | $71.2M | ||
| Q3 25 | $449.4M | $82.1M | ||
| Q2 25 | $336.1M | $52.8M | ||
| Q1 25 | $301.7M | $87.9M | ||
| Q4 24 | $430.6M | $38.5M | ||
| Q3 24 | $421.6M | $41.8M | ||
| Q2 24 | $349.2M | $38.1M | ||
| Q1 24 | $300.1M | $86.6M |
| Q4 25 | $488.7M | $32.6M | ||
| Q3 25 | $445.5M | $25.6M | ||
| Q2 25 | $324.7M | $14.0M | ||
| Q1 25 | $290.2M | $53.2M | ||
| Q4 24 | $416.4M | $10.3M | ||
| Q3 24 | $415.0M | $15.2M | ||
| Q2 24 | $340.6M | $-308.0K | ||
| Q1 24 | $295.9M | $16.4M |
| Q4 25 | 59.4% | 2.4% | ||
| Q3 25 | 56.2% | 1.9% | ||
| Q2 25 | 42.0% | 1.1% | ||
| Q1 25 | 38.9% | 3.9% | ||
| Q4 24 | 56.0% | 0.8% | ||
| Q3 24 | 57.3% | 1.2% | ||
| Q2 24 | 48.1% | -0.0% | ||
| Q1 24 | 43.5% | 1.3% |
| Q4 25 | 1.5% | 2.8% | ||
| Q3 25 | 0.5% | 4.2% | ||
| Q2 25 | 1.5% | 2.9% | ||
| Q1 25 | 1.5% | 2.5% | ||
| Q4 24 | 1.9% | 2.2% | ||
| Q3 24 | 0.9% | 2.2% | ||
| Q2 24 | 1.2% | 3.1% | ||
| Q1 24 | 0.6% | 5.4% |
| Q4 25 | 1.76× | 1.77× | ||
| Q3 25 | 1.38× | 2.60× | ||
| Q2 25 | 1.11× | 1.50× | ||
| Q1 25 | 1.05× | 2.01× | ||
| Q4 24 | 1.41× | 1.03× | ||
| Q3 24 | 1.50× | 1.44× | ||
| Q2 24 | 1.31× | 1.17× | ||
| Q1 24 | 1.17× | 2.20× |
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% |
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
