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Side-by-side financial comparison of MSCI Inc. (MSCI) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $490.7M, roughly 1.7× OLYMPIC STEEL INC). MSCI Inc. runs the higher net margin — 34.6% vs 0.4%, a 34.2% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 4.4%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $-12.9M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
MSCI vs ZEUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $490.7M |
| Net Profit | $284.7M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | 56.4% | 1.5% |
| Net Margin | 34.6% | 0.4% |
| Revenue YoY | 10.6% | 4.4% |
| Net Profit YoY | -6.8% | -21.2% |
| EPS (diluted) | $3.81 | $0.18 |
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 | — | ||
| Q3 25 | $793.4M | $490.7M | ||
| Q2 25 | $772.7M | $496.5M | ||
| Q1 25 | $745.8M | $492.9M | ||
| Q4 24 | $743.5M | $418.8M | ||
| Q3 24 | $724.7M | $470.0M | ||
| Q2 24 | $707.9M | $526.3M | ||
| Q1 24 | $680.0M | $526.6M |
| Q4 25 | $284.7M | — | ||
| Q3 25 | $325.4M | $2.2M | ||
| Q2 25 | $303.6M | $5.2M | ||
| Q1 25 | $288.6M | $2.5M | ||
| Q4 24 | $305.5M | $3.9M | ||
| Q3 24 | $280.9M | $2.7M | ||
| Q2 24 | $266.8M | $7.7M | ||
| Q1 24 | $256.0M | $8.7M |
| Q4 25 | 56.4% | — | ||
| Q3 25 | 56.4% | 1.5% | ||
| Q2 25 | 55.0% | 2.3% | ||
| Q1 25 | 50.6% | 1.6% | ||
| Q4 24 | 54.5% | 2.1% | ||
| Q3 24 | 55.4% | 1.7% | ||
| Q2 24 | 54.0% | 2.9% | ||
| Q1 24 | 49.9% | 3.0% |
| Q4 25 | 34.6% | — | ||
| Q3 25 | 41.0% | 0.4% | ||
| Q2 25 | 39.3% | 1.1% | ||
| Q1 25 | 38.7% | 0.5% | ||
| Q4 24 | 41.1% | 0.9% | ||
| Q3 24 | 38.8% | 0.6% | ||
| Q2 24 | 37.7% | 1.5% | ||
| Q1 24 | 37.6% | 1.7% |
| Q4 25 | $3.81 | — | ||
| Q3 25 | $4.25 | $0.18 | ||
| Q2 25 | $3.92 | $0.45 | ||
| Q1 25 | $3.71 | $0.21 | ||
| Q4 24 | $3.89 | $0.33 | ||
| Q3 24 | $3.57 | $0.23 | ||
| Q2 24 | $3.37 | $0.66 | ||
| Q1 24 | $3.22 | $0.75 |
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 | $7.5M |
| Total DebtLower is stronger | $6.2B | $240.9M |
| Stockholders' EquityBook value | $-2.7B | $579.1M |
| Total Assets | $5.7B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $515.3M | — | ||
| Q3 25 | $400.1M | $7.5M | ||
| Q2 25 | $347.3M | $14.8M | ||
| Q1 25 | $360.7M | $13.3M | ||
| Q4 24 | $409.4M | $11.9M | ||
| Q3 24 | $501.0M | $11.1M | ||
| Q2 24 | $451.4M | $9.4M | ||
| Q1 24 | $519.3M | $10.3M |
| Q4 25 | $6.2B | — | ||
| Q3 25 | $5.5B | $240.9M | ||
| Q2 25 | $4.5B | $233.2M | ||
| Q1 25 | $4.5B | $235.4M | ||
| Q4 24 | $4.5B | $272.5M | ||
| Q3 24 | $4.5B | $197.3M | ||
| Q2 24 | $4.5B | $209.2M | ||
| Q1 24 | $4.5B | $196.8M |
| Q4 25 | $-2.7B | — | ||
| Q3 25 | $-1.9B | $579.1M | ||
| Q2 25 | $-886.2M | $578.2M | ||
| Q1 25 | $-958.6M | $574.2M | ||
| Q4 24 | $-940.0M | $573.9M | ||
| Q3 24 | $-751.0M | $570.6M | ||
| Q2 24 | $-734.5M | $569.5M | ||
| Q1 24 | $-650.5M | $563.0M |
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.4B | $1.1B | ||
| Q2 25 | $5.4B | $1.1B | ||
| Q1 25 | $5.3B | $1.1B | ||
| Q4 24 | $5.4B | $1.0B | ||
| Q3 24 | $5.4B | $1.0B | ||
| Q2 24 | $5.5B | $1.0B | ||
| Q1 24 | $5.5B | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.35× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $488.7M | $-12.9M |
| FCF MarginFCF / Revenue | 59.4% | -2.6% |
| Capex IntensityCapex / Revenue | 1.5% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.76× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $501.1M | — | ||
| Q3 25 | $449.4M | $-5.4M | ||
| Q2 25 | $336.1M | $15.5M | ||
| Q1 25 | $301.7M | $49.4M | ||
| Q4 24 | $430.6M | $14.6M | ||
| Q3 24 | $421.6M | $24.6M | ||
| Q2 24 | $349.2M | $-2.9M | ||
| Q1 24 | $300.1M | $-2.6M |
| Q4 25 | $488.7M | — | ||
| Q3 25 | $445.5M | $-12.9M | ||
| Q2 25 | $324.7M | $6.8M | ||
| Q1 25 | $290.2M | $40.6M | ||
| Q4 24 | $416.4M | $7.4M | ||
| Q3 24 | $415.0M | $15.6M | ||
| Q2 24 | $340.6M | $-11.3M | ||
| Q1 24 | $295.9M | $-7.4M |
| Q4 25 | 59.4% | — | ||
| Q3 25 | 56.2% | -2.6% | ||
| Q2 25 | 42.0% | 1.4% | ||
| Q1 25 | 38.9% | 8.2% | ||
| Q4 24 | 56.0% | 1.8% | ||
| Q3 24 | 57.3% | 3.3% | ||
| Q2 24 | 48.1% | -2.2% | ||
| Q1 24 | 43.5% | -1.4% |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | 1.5% | 1.7% | ||
| Q1 25 | 1.5% | 1.8% | ||
| Q4 24 | 1.9% | 1.7% | ||
| Q3 24 | 0.9% | 1.9% | ||
| Q2 24 | 1.2% | 1.6% | ||
| Q1 24 | 0.6% | 0.9% |
| Q4 25 | 1.76× | — | ||
| Q3 25 | 1.38× | -2.50× | ||
| Q2 25 | 1.11× | 2.96× | ||
| Q1 25 | 1.05× | 19.70× | ||
| Q4 24 | 1.41× | 3.75× | ||
| Q3 24 | 1.50× | 9.01× | ||
| Q2 24 | 1.31× | -0.38× | ||
| Q1 24 | 1.17× | -0.30× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
