vs
Side-by-side financial comparison of MSCI Inc. (MSCI) and SM Energy Co (SM). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $704.9M, roughly 1.2× SM Energy Co). On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
MSCI vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $704.9M |
| Net Profit | $284.7M | — |
| Gross Margin | — | — |
| Operating Margin | 56.4% | 25.9% |
| Net Margin | 34.6% | — |
| Revenue YoY | 10.6% | -17.3% |
| Net Profit YoY | -6.8% | — |
| EPS (diluted) | $3.81 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $793.4M | $811.6M | ||
| Q2 25 | $772.7M | $792.9M | ||
| Q1 25 | $745.8M | $844.5M | ||
| Q4 24 | $743.5M | $852.0M | ||
| Q3 24 | $724.7M | $643.6M | ||
| Q2 24 | $707.9M | $634.6M | ||
| Q1 24 | $680.0M | $559.9M |
| Q4 25 | $284.7M | — | ||
| Q3 25 | $325.4M | $155.1M | ||
| Q2 25 | $303.6M | $201.7M | ||
| Q1 25 | $288.6M | $182.3M | ||
| Q4 24 | $305.5M | — | ||
| Q3 24 | $280.9M | $240.5M | ||
| Q2 24 | $266.8M | $210.3M | ||
| Q1 24 | $256.0M | $131.2M |
| Q4 25 | 56.4% | 25.9% | ||
| Q3 25 | 56.4% | 30.4% | ||
| Q2 25 | 55.0% | 37.2% | ||
| Q1 25 | 50.6% | 32.7% | ||
| Q4 24 | 54.5% | 33.7% | ||
| Q3 24 | 55.4% | 51.4% | ||
| Q2 24 | 54.0% | 44.0% | ||
| Q1 24 | 49.9% | 31.9% |
| Q4 25 | 34.6% | — | ||
| Q3 25 | 41.0% | 19.1% | ||
| Q2 25 | 39.3% | 25.4% | ||
| Q1 25 | 38.7% | 21.6% | ||
| Q4 24 | 41.1% | — | ||
| Q3 24 | 38.8% | 37.4% | ||
| Q2 24 | 37.7% | 33.1% | ||
| Q1 24 | 37.6% | 23.4% |
| Q4 25 | $3.81 | $0.94 | ||
| Q3 25 | $4.25 | $1.35 | ||
| Q2 25 | $3.92 | $1.76 | ||
| Q1 25 | $3.71 | $1.59 | ||
| Q4 24 | $3.89 | $1.63 | ||
| Q3 24 | $3.57 | $2.09 | ||
| Q2 24 | $3.37 | $1.82 | ||
| Q1 24 | $3.22 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $6.2B | — |
| Stockholders' EquityBook value | $-2.7B | $4.8B |
| Total Assets | $5.7B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | $368.0M | ||
| Q3 25 | $400.1M | $162.3M | ||
| Q2 25 | $347.3M | $101.9M | ||
| Q1 25 | $360.7M | $54.0K | ||
| Q4 24 | $409.4M | — | ||
| Q3 24 | $501.0M | $1.7B | ||
| Q2 24 | $451.4M | $487.9M | ||
| Q1 24 | $519.3M | $506.3M |
| 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 | $4.8B | ||
| Q3 25 | $-1.9B | $4.7B | ||
| Q2 25 | $-886.2M | $4.6B | ||
| Q1 25 | $-958.6M | $4.4B | ||
| Q4 24 | $-940.0M | $4.2B | ||
| Q3 24 | $-751.0M | $4.1B | ||
| Q2 24 | $-734.5M | $3.8B | ||
| Q1 24 | $-650.5M | $3.7B |
| Q4 25 | $5.7B | $9.3B | ||
| Q3 25 | $5.4B | $9.1B | ||
| Q2 25 | $5.4B | $9.0B | ||
| Q1 25 | $5.3B | $8.8B | ||
| Q4 24 | $5.4B | $8.6B | ||
| Q3 24 | $5.4B | $8.0B | ||
| Q2 24 | $5.5B | $6.7B | ||
| Q1 24 | $5.5B | $6.4B |
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 | $451.9M |
| 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.
| Q4 25 | $501.1M | $451.9M | ||
| Q3 25 | $449.4M | $505.0M | ||
| Q2 25 | $336.1M | $571.1M | ||
| Q1 25 | $301.7M | $483.0M | ||
| Q4 24 | $430.6M | $578.4M | ||
| Q3 24 | $421.6M | $452.3M | ||
| Q2 24 | $349.2M | $476.4M | ||
| Q1 24 | $300.1M | $276.0M |
| Q4 25 | $488.7M | — | ||
| Q3 25 | $445.5M | — | ||
| 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% | — | ||
| 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% | — | ||
| 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× | 3.26× | ||
| Q2 25 | 1.11× | 2.83× | ||
| Q1 25 | 1.05× | 2.65× | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.50× | 1.88× | ||
| Q2 24 | 1.31× | 2.27× | ||
| Q1 24 | 1.17× | 2.10× |
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% |
SM
Segment breakdown not available.
