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Side-by-side financial comparison of MSCI Inc. (MSCI) and Ralliant Corp (RAL). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $529.1M, roughly 1.6× Ralliant Corp). MSCI Inc. runs the higher net margin — 34.6% vs 7.5%, a 27.1% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -0.5%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $126.6M).
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 RAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $529.1M |
| Net Profit | $284.7M | $39.9M |
| Gross Margin | — | 50.8% |
| Operating Margin | 56.4% | 9.8% |
| Net Margin | 34.6% | 7.5% |
| Revenue YoY | 10.6% | -0.5% |
| Net Profit YoY | -6.8% | -56.1% |
| EPS (diluted) | $3.81 | $0.35 |
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 | $529.1M | ||
| Q2 25 | $772.7M | $503.3M | ||
| Q1 25 | $745.8M | — | ||
| Q4 24 | $743.5M | — | ||
| Q3 24 | $724.7M | $531.7M | ||
| Q2 24 | $707.9M | $533.7M | ||
| Q1 24 | $680.0M | — |
| Q4 25 | $284.7M | — | ||
| Q3 25 | $325.4M | $39.9M | ||
| Q2 25 | $303.6M | $47.6M | ||
| Q1 25 | $288.6M | — | ||
| Q4 24 | $305.5M | — | ||
| Q3 24 | $280.9M | $90.9M | ||
| Q2 24 | $266.8M | $64.8M | ||
| Q1 24 | $256.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | — | 51.5% | ||
| Q1 24 | — | — |
| Q4 25 | 56.4% | — | ||
| Q3 25 | 56.4% | 9.8% | ||
| Q2 25 | 55.0% | 11.7% | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 54.5% | — | ||
| Q3 24 | 55.4% | 20.9% | ||
| Q2 24 | 54.0% | 19.7% | ||
| Q1 24 | 49.9% | — |
| Q4 25 | 34.6% | — | ||
| Q3 25 | 41.0% | 7.5% | ||
| Q2 25 | 39.3% | 9.5% | ||
| Q1 25 | 38.7% | — | ||
| Q4 24 | 41.1% | — | ||
| Q3 24 | 38.8% | 17.1% | ||
| Q2 24 | 37.7% | 12.1% | ||
| Q1 24 | 37.6% | — |
| Q4 25 | $3.81 | — | ||
| Q3 25 | $4.25 | $0.35 | ||
| Q2 25 | $3.92 | $0.42 | ||
| Q1 25 | $3.71 | — | ||
| Q4 24 | $3.89 | — | ||
| Q3 24 | $3.57 | $0.81 | ||
| Q2 24 | $3.37 | $0.57 | ||
| 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 | $264.2M |
| Total DebtLower is stronger | $6.2B | $1.1B |
| Stockholders' EquityBook value | $-2.7B | $3.0B |
| Total Assets | $5.7B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | — | ||
| Q3 25 | $400.1M | $264.2M | ||
| Q2 25 | $347.3M | $198.6M | ||
| 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 | $1.1B | ||
| Q2 25 | $4.5B | $1.1B | ||
| 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 | $3.0B | ||
| Q2 25 | $-886.2M | $3.0B | ||
| Q1 25 | $-958.6M | — | ||
| Q4 24 | $-940.0M | — | ||
| Q3 24 | $-751.0M | $4.0B | ||
| Q2 24 | $-734.5M | $4.0B | ||
| Q1 24 | $-650.5M | — |
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.4B | $5.3B | ||
| Q2 25 | $5.4B | $5.2B | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| 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 | $138.6M |
| Free Cash FlowOCF − Capex | $488.7M | $126.6M |
| FCF MarginFCF / Revenue | 59.4% | 23.9% |
| Capex IntensityCapex / Revenue | 1.5% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.76× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | — | ||
| Q3 25 | $449.4M | $138.6M | ||
| 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 | $126.6M | ||
| 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% | 23.9% | ||
| 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% | 2.3% | ||
| 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× | 3.47× | ||
| 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% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
