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Side-by-side financial comparison of MSCI Inc. (MSCI) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS CORP 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 4.5%, a 30.1% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 5.0%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 5.3%).
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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
MSCI vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $1.4B |
| Net Profit | $284.7M | $63.8M |
| Gross Margin | — | — |
| Operating Margin | 56.4% | 6.9% |
| Net Margin | 34.6% | 4.5% |
| Revenue YoY | 10.6% | 5.0% |
| Net Profit YoY | -6.8% | -14.7% |
| 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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $822.5M | $1.4B | ||
| Q3 25 | $793.4M | $1.4B | ||
| Q2 25 | $772.7M | $1.3B | ||
| Q1 25 | $745.8M | $1.4B | ||
| Q4 24 | $743.5M | $1.3B | ||
| Q3 24 | $724.7M | $1.3B | ||
| Q2 24 | $707.9M | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $284.7M | $20.2M | ||
| Q3 25 | $325.4M | $28.8M | ||
| Q2 25 | $303.6M | $40.6M | ||
| Q1 25 | $288.6M | $56.7M | ||
| Q4 24 | $305.5M | $-16.1M | ||
| Q3 24 | $280.9M | $55.6M | ||
| Q2 24 | $266.8M | $77.6M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 56.4% | 4.6% | ||
| Q3 25 | 56.4% | 5.4% | ||
| Q2 25 | 55.0% | 6.5% | ||
| Q1 25 | 50.6% | 8.3% | ||
| Q4 24 | 54.5% | 1.6% | ||
| Q3 24 | 55.4% | 4.3% | ||
| Q2 24 | 54.0% | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 34.6% | 1.4% | ||
| Q3 25 | 41.0% | 2.1% | ||
| Q2 25 | 39.3% | 3.0% | ||
| Q1 25 | 38.7% | 4.2% | ||
| Q4 24 | 41.1% | -1.2% | ||
| Q3 24 | 38.8% | 4.4% | ||
| Q2 24 | 37.7% | 6.1% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $3.81 | $0.17 | ||
| Q3 25 | $4.25 | $0.23 | ||
| Q2 25 | $3.92 | $0.32 | ||
| Q1 25 | $3.71 | $0.44 | ||
| Q4 24 | $3.89 | $-0.12 | ||
| Q3 24 | $3.57 | $0.43 | ||
| Q2 24 | $3.37 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | $6.2B | $1.8B |
| Stockholders' EquityBook value | $-2.7B | $2.1B |
| Total Assets | $5.7B | $6.0B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $515.3M | $26.5M | ||
| Q3 25 | $400.1M | $60.1M | ||
| Q2 25 | $347.3M | $52.3M | ||
| Q1 25 | $360.7M | $53.2M | ||
| Q4 24 | $409.4M | $59.7M | ||
| Q3 24 | $501.0M | $191.5M | ||
| Q2 24 | $451.4M | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $6.2B | $1.8B | ||
| Q3 25 | $5.5B | $1.7B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $4.5B | $1.8B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.5B | $3.1B | ||
| Q2 24 | $4.5B | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $-2.7B | $1.7B | ||
| Q3 25 | $-1.9B | $1.7B | ||
| Q2 25 | $-886.2M | $1.7B | ||
| Q1 25 | $-958.6M | $1.7B | ||
| Q4 24 | $-940.0M | $1.7B | ||
| Q3 24 | $-751.0M | $1.9B | ||
| Q2 24 | $-734.5M | $1.4B |
| Q1 26 | — | $6.0B | ||
| Q4 25 | $5.7B | $5.9B | ||
| Q3 25 | $5.4B | $5.7B | ||
| Q2 25 | $5.4B | $5.7B | ||
| Q1 25 | $5.3B | $5.7B | ||
| Q4 24 | $5.4B | $5.6B | ||
| Q3 24 | $5.4B | $8.0B | ||
| Q2 24 | $5.5B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 2.54× |
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 | — |
| Free Cash FlowOCF − Capex | $488.7M | — |
| FCF MarginFCF / Revenue | 59.4% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $501.1M | $64.3M | ||
| Q3 25 | $449.4M | $175.3M | ||
| Q2 25 | $336.1M | $110.3M | ||
| Q1 25 | $301.7M | $-3.5M | ||
| Q4 24 | $430.6M | $125.4M | ||
| Q3 24 | $421.6M | $181.0M | ||
| Q2 24 | $349.2M | $278.2M |
| Q1 26 | — | — | ||
| Q4 25 | $488.7M | $5.2M | ||
| Q3 25 | $445.5M | $122.2M | ||
| Q2 25 | $324.7M | $45.6M | ||
| Q1 25 | $290.2M | $-55.8M | ||
| Q4 24 | $416.4M | $62.0M | ||
| Q3 24 | $415.0M | $130.3M | ||
| Q2 24 | $340.6M | $222.6M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 0.4% | ||
| Q3 25 | 56.2% | 9.0% | ||
| Q2 25 | 42.0% | 3.4% | ||
| Q1 25 | 38.9% | -4.1% | ||
| Q4 24 | 56.0% | 4.7% | ||
| Q3 24 | 57.3% | 10.2% | ||
| Q2 24 | 48.1% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 4.2% | ||
| Q3 25 | 0.5% | 3.9% | ||
| Q2 25 | 1.5% | 4.8% | ||
| Q1 25 | 1.5% | 3.9% | ||
| Q4 24 | 1.9% | 4.8% | ||
| Q3 24 | 0.9% | 4.0% | ||
| Q2 24 | 1.2% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.76× | 3.19× | ||
| Q3 25 | 1.38× | 6.09× | ||
| Q2 25 | 1.11× | 2.72× | ||
| Q1 25 | 1.05× | -0.06× | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.50× | 3.25× | ||
| Q2 24 | 1.31× | 3.59× |
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% |
SEM
Segment breakdown not available.
