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Side-by-side financial comparison of MSCI Inc. (MSCI) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $766.5M, roughly 1.1× SCANSOURCE, INC.). MSCI Inc. runs the higher net margin — 34.6% vs 2.2%, a 32.5% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 2.5%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $28.9M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
MSCI vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $766.5M |
| Net Profit | $284.7M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 56.4% | 2.3% |
| Net Margin | 34.6% | 2.2% |
| Revenue YoY | 10.6% | 2.5% |
| Net Profit YoY | -6.8% | -3.3% |
| EPS (diluted) | $3.81 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $793.4M | $739.6M | ||
| Q2 25 | $772.7M | $812.9M | ||
| Q1 25 | $745.8M | $704.8M | ||
| Q4 24 | $743.5M | $747.5M | ||
| Q3 24 | $724.7M | $775.6M | ||
| Q2 24 | $707.9M | $746.1M | ||
| Q1 24 | $680.0M | $752.6M |
| Q4 25 | $284.7M | $16.5M | ||
| Q3 25 | $325.4M | $19.9M | ||
| Q2 25 | $303.6M | $20.1M | ||
| Q1 25 | $288.6M | $17.4M | ||
| Q4 24 | $305.5M | $17.1M | ||
| Q3 24 | $280.9M | $17.0M | ||
| Q2 24 | $266.8M | $16.1M | ||
| Q1 24 | $256.0M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 56.4% | 2.3% | ||
| Q3 25 | 56.4% | 3.5% | ||
| Q2 25 | 55.0% | 3.3% | ||
| Q1 25 | 50.6% | 3.2% | ||
| Q4 24 | 54.5% | 2.5% | ||
| Q3 24 | 55.4% | 2.3% | ||
| Q2 24 | 54.0% | 2.9% | ||
| Q1 24 | 49.9% | 2.3% |
| Q4 25 | 34.6% | 2.2% | ||
| Q3 25 | 41.0% | 2.7% | ||
| Q2 25 | 39.3% | 2.5% | ||
| Q1 25 | 38.7% | 2.5% | ||
| Q4 24 | 41.1% | 2.3% | ||
| Q3 24 | 38.8% | 2.2% | ||
| Q2 24 | 37.7% | 2.2% | ||
| Q1 24 | 37.6% | 1.7% |
| Q4 25 | $3.81 | $0.75 | ||
| Q3 25 | $4.25 | $0.89 | ||
| Q2 25 | $3.92 | $0.87 | ||
| Q1 25 | $3.71 | $0.74 | ||
| Q4 24 | $3.89 | $0.70 | ||
| Q3 24 | $3.57 | $0.69 | ||
| Q2 24 | $3.37 | $0.66 | ||
| Q1 24 | $3.22 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $6.2B | — |
| Stockholders' EquityBook value | $-2.7B | $910.9M |
| Total Assets | $5.7B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | $83.5M | ||
| Q3 25 | $400.1M | $124.9M | ||
| Q2 25 | $347.3M | $126.2M | ||
| Q1 25 | $360.7M | $146.3M | ||
| Q4 24 | $409.4M | $110.5M | ||
| Q3 24 | $501.0M | $145.0M | ||
| Q2 24 | $451.4M | $185.5M | ||
| Q1 24 | $519.3M | $159.1M |
| Q4 25 | $6.2B | — | ||
| Q3 25 | $5.5B | — | ||
| 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 | $910.9M | ||
| Q3 25 | $-1.9B | $914.0M | ||
| Q2 25 | $-886.2M | $906.4M | ||
| Q1 25 | $-958.6M | $901.7M | ||
| Q4 24 | $-940.0M | $900.7M | ||
| Q3 24 | $-751.0M | $920.9M | ||
| Q2 24 | $-734.5M | $924.3M | ||
| Q1 24 | $-650.5M | $944.1M |
| Q4 25 | $5.7B | $1.7B | ||
| Q3 25 | $5.4B | $1.7B | ||
| Q2 25 | $5.4B | $1.8B | ||
| Q1 25 | $5.3B | $1.7B | ||
| Q4 24 | $5.4B | $1.7B | ||
| Q3 24 | $5.4B | $1.8B | ||
| Q2 24 | $5.5B | $1.8B | ||
| Q1 24 | $5.5B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $488.7M | $28.9M |
| FCF MarginFCF / Revenue | 59.4% | 3.8% |
| Capex IntensityCapex / Revenue | 1.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.76× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | $30.8M | ||
| Q3 25 | $449.4M | $23.2M | ||
| Q2 25 | $336.1M | — | ||
| Q1 25 | $301.7M | $66.1M | ||
| Q4 24 | $430.6M | $-6.2M | ||
| Q3 24 | $421.6M | $44.8M | ||
| Q2 24 | $349.2M | — | ||
| Q1 24 | $300.1M | $160.2M |
| Q4 25 | $488.7M | $28.9M | ||
| Q3 25 | $445.5M | $20.8M | ||
| Q2 25 | $324.7M | — | ||
| Q1 25 | $290.2M | $64.6M | ||
| Q4 24 | $416.4M | $-8.2M | ||
| Q3 24 | $415.0M | $42.5M | ||
| Q2 24 | $340.6M | — | ||
| Q1 24 | $295.9M | $157.7M |
| Q4 25 | 59.4% | 3.8% | ||
| Q3 25 | 56.2% | 2.8% | ||
| Q2 25 | 42.0% | — | ||
| Q1 25 | 38.9% | 9.2% | ||
| Q4 24 | 56.0% | -1.1% | ||
| Q3 24 | 57.3% | 5.5% | ||
| Q2 24 | 48.1% | — | ||
| Q1 24 | 43.5% | 21.0% |
| Q4 25 | 1.5% | 0.3% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 1.9% | 0.3% | ||
| Q3 24 | 0.9% | 0.3% | ||
| Q2 24 | 1.2% | 0.2% | ||
| Q1 24 | 0.6% | 0.3% |
| Q4 25 | 1.76× | 1.87× | ||
| Q3 25 | 1.38× | 1.17× | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.05× | 3.79× | ||
| Q4 24 | 1.41× | -0.36× | ||
| Q3 24 | 1.50× | 2.64× | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
