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Side-by-side financial comparison of MSCI Inc. (MSCI) and STEVEN MADDEN, LTD. (SHOO). Click either name above to swap in a different company.

MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $749.8M, roughly 1.1× STEVEN MADDEN, LTD.). MSCI Inc. runs the higher net margin — 34.6% vs 3.3%, a 31.3% gap on every dollar of revenue. On growth, STEVEN MADDEN, LTD. posted the faster year-over-year revenue change (29.5% vs 10.6%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $80.8M). Over the past eight quarters, STEVEN MADDEN, LTD.'s revenue compounded faster (16.7% CAGR vs 10.0%).

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.

Steven Madden, Ltd. is a publicly traded company that designs and markets shoes and fashion accessories. Based in Long Island City, New York, the company's brands include Dolce Vita, Betsey Johnson, Blondo, BB Dakota and Mad Love. Steve Madden is also a licensee of various brands, including Anne Klein and Superga.

MSCI vs SHOO — Head-to-Head

Bigger by revenue
MSCI
MSCI
1.1× larger
MSCI
$822.5M
$749.8M
SHOO
Growing faster (revenue YoY)
SHOO
SHOO
+18.9% gap
SHOO
29.5%
10.6%
MSCI
Higher net margin
MSCI
MSCI
31.3% more per $
MSCI
34.6%
3.3%
SHOO
More free cash flow
MSCI
MSCI
$407.9M more FCF
MSCI
$488.7M
$80.8M
SHOO
Faster 2-yr revenue CAGR
SHOO
SHOO
Annualised
SHOO
16.7%
10.0%
MSCI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MSCI
MSCI
SHOO
SHOO
Revenue
$822.5M
$749.8M
Net Profit
$284.7M
$24.7M
Gross Margin
42.6%
Operating Margin
56.4%
4.8%
Net Margin
34.6%
3.3%
Revenue YoY
10.6%
29.5%
Net Profit YoY
-6.8%
-34.8%
EPS (diluted)
$3.81
$0.33

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.

Revenue
MSCI
MSCI
SHOO
SHOO
Q4 25
$822.5M
$749.8M
Q3 25
$793.4M
$664.2M
Q2 25
$772.7M
$556.1M
Q1 25
$745.8M
$551.4M
Q4 24
$743.5M
$578.8M
Q3 24
$724.7M
$621.2M
Q2 24
$707.9M
$521.7M
Q1 24
$680.0M
$550.6M
Net Profit
MSCI
MSCI
SHOO
SHOO
Q4 25
$284.7M
$24.7M
Q3 25
$325.4M
$20.5M
Q2 25
$303.6M
$-38.7M
Q1 25
$288.6M
$41.3M
Q4 24
$305.5M
$37.8M
Q3 24
$280.9M
$55.3M
Q2 24
$266.8M
$36.9M
Q1 24
$256.0M
$44.6M
Gross Margin
MSCI
MSCI
SHOO
SHOO
Q4 25
42.6%
Q3 25
41.8%
Q2 25
40.6%
Q1 25
41.0%
Q4 24
40.7%
Q3 24
41.8%
Q2 24
41.6%
Q1 24
40.8%
Operating Margin
MSCI
MSCI
SHOO
SHOO
Q4 25
56.4%
4.8%
Q3 25
56.4%
4.7%
Q2 25
55.0%
-7.2%
Q1 25
50.6%
9.7%
Q4 24
54.5%
8.1%
Q3 24
55.4%
12.0%
Q2 24
54.0%
9.0%
Q1 24
49.9%
10.3%
Net Margin
MSCI
MSCI
SHOO
SHOO
Q4 25
34.6%
3.3%
Q3 25
41.0%
3.1%
Q2 25
39.3%
-7.0%
Q1 25
38.7%
7.5%
Q4 24
41.1%
6.5%
Q3 24
38.8%
8.9%
Q2 24
37.7%
7.1%
Q1 24
37.6%
8.1%
EPS (diluted)
MSCI
MSCI
SHOO
SHOO
Q4 25
$3.81
$0.33
Q3 25
$4.25
$0.29
Q2 25
$3.92
$-0.56
Q1 25
$3.71
$0.57
Q4 24
$3.89
$0.49
Q3 24
$3.57
$0.77
Q2 24
$3.37
$0.49
Q1 24
$3.22
$0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MSCI
MSCI
SHOO
SHOO
Cash + ST InvestmentsLiquidity on hand
$515.3M
$112.4M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$-2.7B
$866.4M
Total Assets
$5.7B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSCI
MSCI
SHOO
SHOO
Q4 25
$515.3M
$112.4M
Q3 25
$400.1M
$140.0K
Q2 25
$347.3M
$111.9M
Q1 25
$360.7M
$147.2M
Q4 24
$409.4M
$203.4M
Q3 24
$501.0M
$11.1M
Q2 24
$451.4M
$192.2M
Q1 24
$519.3M
$143.1M
Total Debt
MSCI
MSCI
SHOO
SHOO
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
Stockholders' Equity
MSCI
MSCI
SHOO
SHOO
Q4 25
$-2.7B
$866.4M
Q3 25
$-1.9B
$850.8M
Q2 25
$-886.2M
$833.2M
Q1 25
$-958.6M
$875.3M
Q4 24
$-940.0M
$847.7M
Q3 24
$-751.0M
$833.9M
Q2 24
$-734.5M
$808.3M
Q1 24
$-650.5M
$825.2M
Total Assets
MSCI
MSCI
SHOO
SHOO
Q4 25
$5.7B
$1.9B
Q3 25
$5.4B
$2.0B
Q2 25
$5.4B
$1.9B
Q1 25
$5.3B
$1.4B
Q4 24
$5.4B
$1.4B
Q3 24
$5.4B
$1.5B
Q2 24
$5.5B
$1.4B
Q1 24
$5.5B
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MSCI
MSCI
SHOO
SHOO
Operating Cash FlowLast quarter
$501.1M
$91.1M
Free Cash FlowOCF − Capex
$488.7M
$80.8M
FCF MarginFCF / Revenue
59.4%
10.8%
Capex IntensityCapex / Revenue
1.5%
1.4%
Cash ConversionOCF / Net Profit
1.76×
3.70×
TTM Free Cash FlowTrailing 4 quarters
$1.5B
$119.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSCI
MSCI
SHOO
SHOO
Q4 25
$501.1M
$91.1M
Q3 25
$449.4M
$23.4M
Q2 25
$336.1M
$66.5M
Q1 25
$301.7M
$-18.8M
Q4 24
$430.6M
$103.9M
Q3 24
$421.6M
$444.0K
Q2 24
$349.2M
$109.5M
Q1 24
$300.1M
$-15.7M
Free Cash Flow
MSCI
MSCI
SHOO
SHOO
Q4 25
$488.7M
$80.8M
Q3 25
$445.5M
$8.6M
Q2 25
$324.7M
$58.8M
Q1 25
$290.2M
$-28.7M
Q4 24
$416.4M
$94.6M
Q3 24
$415.0M
$-6.9M
Q2 24
$340.6M
$104.2M
Q1 24
$295.9M
$-19.7M
FCF Margin
MSCI
MSCI
SHOO
SHOO
Q4 25
59.4%
10.8%
Q3 25
56.2%
1.3%
Q2 25
42.0%
10.6%
Q1 25
38.9%
-5.2%
Q4 24
56.0%
16.3%
Q3 24
57.3%
-1.1%
Q2 24
48.1%
20.0%
Q1 24
43.5%
-3.6%
Capex Intensity
MSCI
MSCI
SHOO
SHOO
Q4 25
1.5%
1.4%
Q3 25
0.5%
2.2%
Q2 25
1.5%
1.4%
Q1 25
1.5%
1.8%
Q4 24
1.9%
1.6%
Q3 24
0.9%
1.2%
Q2 24
1.2%
1.0%
Q1 24
0.6%
0.7%
Cash Conversion
MSCI
MSCI
SHOO
SHOO
Q4 25
1.76×
3.70×
Q3 25
1.38×
1.14×
Q2 25
1.11×
Q1 25
1.05×
-0.46×
Q4 24
1.41×
2.75×
Q3 24
1.50×
0.01×
Q2 24
1.31×
2.96×
Q1 24
1.17×
-0.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MSCI
MSCI

Recurring Subscriptions$246.4M30%
Asset Based Fees$211.7M26%
Analytics Segment$182.3M22%
Sustainability And Climate Segment$90.3M11%
Other$70.9M9%
Non Recurring$21.1M3%

SHOO
SHOO

Segment breakdown not available.

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