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Side-by-side financial comparison of MSCI Inc. (MSCI) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
Qnity Electronics, Inc. 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 16.5%, a 18.1% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 10.6%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $488.7M).
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 Q — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $1.3B |
| Net Profit | $284.7M | $211.0M |
| Gross Margin | — | 45.1% |
| Operating Margin | 56.4% | 21.3% |
| Net Margin | 34.6% | 16.5% |
| Revenue YoY | 10.6% | 11.1% |
| Net Profit YoY | -6.8% | 6.0% |
| EPS (diluted) | $3.81 | $1.01 |
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 | — | ||
| Q3 25 | $793.4M | $1.3B | ||
| Q2 25 | $772.7M | — | ||
| Q1 25 | $745.8M | — | ||
| Q4 24 | $743.5M | — | ||
| Q3 24 | $724.7M | $1.1B | ||
| Q2 24 | $707.9M | — | ||
| Q1 24 | $680.0M | — |
| Q4 25 | $284.7M | — | ||
| Q3 25 | $325.4M | $211.0M | ||
| Q2 25 | $303.6M | — | ||
| Q1 25 | $288.6M | — | ||
| Q4 24 | $305.5M | — | ||
| Q3 24 | $280.9M | $199.0M | ||
| Q2 24 | $266.8M | — | ||
| Q1 24 | $256.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 45.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 56.4% | — | ||
| Q3 25 | 56.4% | 21.3% | ||
| Q2 25 | 55.0% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 54.5% | — | ||
| Q3 24 | 55.4% | 21.8% | ||
| Q2 24 | 54.0% | — | ||
| Q1 24 | 49.9% | — |
| Q4 25 | 34.6% | — | ||
| Q3 25 | 41.0% | 16.5% | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.7% | — | ||
| Q4 24 | 41.1% | — | ||
| Q3 24 | 38.8% | 17.3% | ||
| Q2 24 | 37.7% | — | ||
| Q1 24 | 37.6% | — |
| Q4 25 | $3.81 | — | ||
| Q3 25 | $4.25 | $1.01 | ||
| Q2 25 | $3.92 | — | ||
| Q1 25 | $3.71 | — | ||
| Q4 24 | $3.89 | — | ||
| Q3 24 | $3.57 | $0.95 | ||
| Q2 24 | $3.37 | — | ||
| Q1 24 | $3.22 | — |
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 | $128.0M |
| Total DebtLower is stronger | $6.2B | $1.7B |
| Stockholders' EquityBook value | $-2.7B | $9.1B |
| Total Assets | $5.7B | $12.5B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | — | ||
| Q3 25 | $400.1M | $128.0M | ||
| Q2 25 | $347.3M | — | ||
| Q1 25 | $360.7M | — | ||
| Q4 24 | $409.4M | — | ||
| Q3 24 | $501.0M | — | ||
| Q2 24 | $451.4M | — | ||
| Q1 24 | $519.3M | — |
| Q4 25 | $6.2B | — | ||
| Q3 25 | $5.5B | $1.7B | ||
| 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 | — | ||
| Q3 25 | $-1.9B | $9.1B | ||
| Q2 25 | $-886.2M | — | ||
| Q1 25 | $-958.6M | — | ||
| Q4 24 | $-940.0M | — | ||
| Q3 24 | $-751.0M | $11.1B | ||
| Q2 24 | $-734.5M | — | ||
| Q1 24 | $-650.5M | — |
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.4B | $12.5B | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $782.0M |
| Free Cash FlowOCF − Capex | $488.7M | $568.0M |
| FCF MarginFCF / Revenue | 59.4% | 44.5% |
| Capex IntensityCapex / Revenue | 1.5% | 16.8% |
| Cash ConversionOCF / Net Profit | 1.76× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | — | ||
| Q3 25 | $449.4M | $782.0M | ||
| Q2 25 | $336.1M | — | ||
| Q1 25 | $301.7M | — | ||
| Q4 24 | $430.6M | — | ||
| Q3 24 | $421.6M | — | ||
| Q2 24 | $349.2M | — | ||
| Q1 24 | $300.1M | — |
| Q4 25 | $488.7M | — | ||
| Q3 25 | $445.5M | $568.0M | ||
| 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% | 44.5% | ||
| 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% | 16.8% | ||
| 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× | — | ||
| Q3 25 | 1.38× | 3.71× | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | — |
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% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
