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Side-by-side financial comparison of MSCI Inc. (MSCI) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $566.0M, roughly 1.5× WillScot Holdings Corp). MSCI Inc. runs the higher net margin — 34.6% vs -33.1%, a 67.7% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -6.1%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $149.7M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
MSCI vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $566.0M |
| Net Profit | $284.7M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 56.4% | -32.5% |
| Net Margin | 34.6% | -33.1% |
| Revenue YoY | 10.6% | -6.1% |
| Net Profit YoY | -6.8% | -310.0% |
| EPS (diluted) | $3.81 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $793.4M | $566.8M | ||
| Q2 25 | $772.7M | $589.1M | ||
| Q1 25 | $745.8M | $559.6M | ||
| Q4 24 | $743.5M | $602.5M | ||
| Q3 24 | $724.7M | $601.4M | ||
| Q2 24 | $707.9M | $604.6M | ||
| Q1 24 | $680.0M | $587.2M |
| Q4 25 | $284.7M | $-187.3M | ||
| Q3 25 | $325.4M | $43.3M | ||
| Q2 25 | $303.6M | $47.9M | ||
| Q1 25 | $288.6M | $43.1M | ||
| Q4 24 | $305.5M | $89.2M | ||
| Q3 24 | $280.9M | $-70.5M | ||
| Q2 24 | $266.8M | $-46.9M | ||
| Q1 24 | $256.0M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 56.4% | -32.5% | ||
| Q3 25 | 56.4% | 21.0% | ||
| Q2 25 | 55.0% | 21.5% | ||
| Q1 25 | 50.6% | 21.3% | ||
| Q4 24 | 54.5% | 28.9% | ||
| Q3 24 | 55.4% | -5.9% | ||
| Q2 24 | 54.0% | -0.9% | ||
| Q1 24 | 49.9% | 22.1% |
| Q4 25 | 34.6% | -33.1% | ||
| Q3 25 | 41.0% | 7.6% | ||
| Q2 25 | 39.3% | 8.1% | ||
| Q1 25 | 38.7% | 7.7% | ||
| Q4 24 | 41.1% | 14.8% | ||
| Q3 24 | 38.8% | -11.7% | ||
| Q2 24 | 37.7% | -7.7% | ||
| Q1 24 | 37.6% | 9.6% |
| Q4 25 | $3.81 | $-1.02 | ||
| Q3 25 | $4.25 | $0.24 | ||
| Q2 25 | $3.92 | $0.26 | ||
| Q1 25 | $3.71 | $0.23 | ||
| Q4 24 | $3.89 | $0.48 | ||
| Q3 24 | $3.57 | $-0.37 | ||
| Q2 24 | $3.37 | $-0.25 | ||
| Q1 24 | $3.22 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $6.2B | $3.6B |
| Stockholders' EquityBook value | $-2.7B | $856.3M |
| Total Assets | $5.7B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | $14.6M | ||
| Q3 25 | $400.1M | $14.8M | ||
| Q2 25 | $347.3M | $12.8M | ||
| Q1 25 | $360.7M | $10.7M | ||
| Q4 24 | $409.4M | $9.0M | ||
| Q3 24 | $501.0M | $11.0M | ||
| Q2 24 | $451.4M | $5.9M | ||
| Q1 24 | $519.3M | $13.1M |
| Q4 25 | $6.2B | $3.6B | ||
| Q3 25 | $5.5B | $3.6B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $4.5B | $3.6B | ||
| Q4 24 | $4.5B | $3.7B | ||
| Q3 24 | $4.5B | $3.6B | ||
| Q2 24 | $4.5B | $3.5B | ||
| Q1 24 | $4.5B | $3.5B |
| Q4 25 | $-2.7B | $856.3M | ||
| Q3 25 | $-1.9B | $1.1B | ||
| Q2 25 | $-886.2M | $1.0B | ||
| Q1 25 | $-958.6M | $1.0B | ||
| Q4 24 | $-940.0M | $1.0B | ||
| Q3 24 | $-751.0M | $1.1B | ||
| Q2 24 | $-734.5M | $1.2B | ||
| Q1 24 | $-650.5M | $1.3B |
| Q4 25 | $5.7B | $5.8B | ||
| Q3 25 | $5.4B | $6.1B | ||
| Q2 25 | $5.4B | $6.1B | ||
| Q1 25 | $5.3B | $6.0B | ||
| Q4 24 | $5.4B | $6.0B | ||
| Q3 24 | $5.4B | $6.0B | ||
| Q2 24 | $5.5B | $6.0B | ||
| Q1 24 | $5.5B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $488.7M | $149.7M |
| FCF MarginFCF / Revenue | 59.4% | 26.5% |
| Capex IntensityCapex / Revenue | 1.5% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | $158.9M | ||
| Q3 25 | $449.4M | $191.2M | ||
| Q2 25 | $336.1M | $205.3M | ||
| Q1 25 | $301.7M | $206.6M | ||
| Q4 24 | $430.6M | $178.9M | ||
| Q3 24 | $421.6M | $-1.6M | ||
| Q2 24 | $349.2M | $175.6M | ||
| Q1 24 | $300.1M | $208.7M |
| Q4 25 | $488.7M | $149.7M | ||
| Q3 25 | $445.5M | $186.9M | ||
| Q2 25 | $324.7M | $199.0M | ||
| Q1 25 | $290.2M | $202.0M | ||
| Q4 24 | $416.4M | $176.6M | ||
| Q3 24 | $415.0M | $-4.9M | ||
| Q2 24 | $340.6M | $169.4M | ||
| Q1 24 | $295.9M | $202.1M |
| Q4 25 | 59.4% | 26.5% | ||
| Q3 25 | 56.2% | 33.0% | ||
| Q2 25 | 42.0% | 33.8% | ||
| Q1 25 | 38.9% | 36.1% | ||
| Q4 24 | 56.0% | 29.3% | ||
| Q3 24 | 57.3% | -0.8% | ||
| Q2 24 | 48.1% | 28.0% | ||
| Q1 24 | 43.5% | 34.4% |
| Q4 25 | 1.5% | 1.6% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 1.5% | 1.1% | ||
| Q1 25 | 1.5% | 0.8% | ||
| Q4 24 | 1.9% | 0.4% | ||
| Q3 24 | 0.9% | 0.6% | ||
| Q2 24 | 1.2% | 1.0% | ||
| Q1 24 | 0.6% | 1.1% |
| Q4 25 | 1.76× | — | ||
| Q3 25 | 1.38× | 4.41× | ||
| Q2 25 | 1.11× | 4.28× | ||
| Q1 25 | 1.05× | 4.80× | ||
| Q4 24 | 1.41× | 2.01× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
