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Side-by-side financial comparison of MSCI Inc. (MSCI) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
VALMONT INDUSTRIES INC is the larger business by last-quarter revenue ($1.0B vs $822.5M, roughly 1.3× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 10.5%, a 24.1% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 6.2%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs -0.5%).
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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
MSCI vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $1.0B |
| Net Profit | $284.7M | $108.0M |
| Gross Margin | — | 30.8% |
| Operating Margin | 56.4% | 15.1% |
| Net Margin | 34.6% | 10.5% |
| Revenue YoY | 10.6% | 6.2% |
| Net Profit YoY | -6.8% | 23.8% |
| EPS (diluted) | $3.81 | $5.51 |
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 | — | $1.0B | ||
| Q4 25 | $822.5M | $1.0B | ||
| Q3 25 | $793.4M | $1.0B | ||
| Q2 25 | $772.7M | $1.1B | ||
| Q1 25 | $745.8M | $969.3M | ||
| Q4 24 | $743.5M | $1.0B | ||
| Q3 24 | $724.7M | $1.0B | ||
| Q2 24 | $707.9M | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $284.7M | $168.0M | ||
| Q3 25 | $325.4M | $99.0M | ||
| Q2 25 | $303.6M | $-4.0M | ||
| Q1 25 | $288.6M | $87.3M | ||
| Q4 24 | $305.5M | $77.7M | ||
| Q3 24 | $280.9M | $83.1M | ||
| Q2 24 | $266.8M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 56.4% | 11.2% | ||
| Q3 25 | 56.4% | 13.5% | ||
| Q2 25 | 55.0% | 2.8% | ||
| Q1 25 | 50.6% | 13.2% | ||
| Q4 24 | 54.5% | 11.6% | ||
| Q3 24 | 55.4% | 12.3% | ||
| Q2 24 | 54.0% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 34.6% | 16.2% | ||
| Q3 25 | 41.0% | 9.5% | ||
| Q2 25 | 39.3% | -0.4% | ||
| Q1 25 | 38.7% | 9.0% | ||
| Q4 24 | 41.1% | 7.5% | ||
| Q3 24 | 38.8% | 8.1% | ||
| Q2 24 | 37.7% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $3.81 | $9.02 | ||
| Q3 25 | $4.25 | $4.98 | ||
| Q2 25 | $3.92 | $-1.53 | ||
| Q1 25 | $3.71 | $4.32 | ||
| Q4 24 | $3.89 | $3.85 | ||
| Q3 24 | $3.57 | $4.11 | ||
| Q2 24 | $3.37 | $4.91 |
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 | $160.2M |
| Total DebtLower is stronger | $6.2B | — |
| Stockholders' EquityBook value | $-2.7B | $1.7B |
| Total Assets | $5.7B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $515.3M | $187.1M | ||
| Q3 25 | $400.1M | $226.1M | ||
| Q2 25 | $347.3M | $208.5M | ||
| Q1 25 | $360.7M | $184.4M | ||
| Q4 24 | $409.4M | $164.3M | ||
| Q3 24 | $501.0M | $200.5M | ||
| Q2 24 | $451.4M | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | $6.2B | $795.7M | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | $730.6M | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-2.7B | $1.6B | ||
| Q3 25 | $-1.9B | $1.6B | ||
| Q2 25 | $-886.2M | $1.5B | ||
| Q1 25 | $-958.6M | $1.6B | ||
| Q4 24 | $-940.0M | $1.5B | ||
| Q3 24 | $-751.0M | $1.5B | ||
| Q2 24 | $-734.5M | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.7B | $3.4B | ||
| Q3 25 | $5.4B | $3.4B | ||
| Q2 25 | $5.4B | $3.3B | ||
| Q1 25 | $5.3B | $3.4B | ||
| Q4 24 | $5.4B | $3.3B | ||
| Q3 24 | $5.4B | $3.5B | ||
| Q2 24 | $5.5B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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 | $111.2M | ||
| Q3 25 | $449.4M | $112.5M | ||
| Q2 25 | $336.1M | $167.6M | ||
| Q1 25 | $301.7M | $65.1M | ||
| Q4 24 | $430.6M | $193.4M | ||
| Q3 24 | $421.6M | $225.1M | ||
| Q2 24 | $349.2M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $488.7M | $70.4M | ||
| Q3 25 | $445.5M | $70.6M | ||
| Q2 25 | $324.7M | $135.6M | ||
| Q1 25 | $290.2M | $34.8M | ||
| Q4 24 | $416.4M | $167.8M | ||
| Q3 24 | $415.0M | $204.6M | ||
| Q2 24 | $340.6M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 6.8% | ||
| Q3 25 | 56.2% | 6.7% | ||
| Q2 25 | 42.0% | 12.9% | ||
| Q1 25 | 38.9% | 3.6% | ||
| Q4 24 | 56.0% | 16.2% | ||
| Q3 24 | 57.3% | 20.1% | ||
| Q2 24 | 48.1% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 3.9% | ||
| Q3 25 | 0.5% | 4.0% | ||
| Q2 25 | 1.5% | 3.0% | ||
| Q1 25 | 1.5% | 3.1% | ||
| Q4 24 | 1.9% | 2.5% | ||
| Q3 24 | 0.9% | 2.0% | ||
| Q2 24 | 1.2% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.76× | 0.66× | ||
| Q3 25 | 1.38× | 1.14× | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.05× | 0.75× | ||
| Q4 24 | 1.41× | 2.49× | ||
| Q3 24 | 1.50× | 2.71× | ||
| Q2 24 | 1.31× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
