$613.58
-2.6%MSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct. The Analytics segment offers risk management, performance attribution and portfolio management content, application, and service that provides an integrated view of risk and return, and an analysis of market, credit, liquidity, and counterparty risk across asset classes; managed services, including consolidation of client portfolio data from various sources, review and reconciliation of input data and results, and customized reporting; and HedgePlatform to measure, evaluate, and monitor the risk of hedge fund investments. The ESG and Climate segment provides products and services that help institutional investors understand how ESG factors impact the long-term risk and return of their portfolio and individual security-level investments; and data, ratings, research, and tools to help investors navigate increasing regulation. The All Other Private Assets segment includes real estate market and transaction data, benchmarks, return-analytics, climate assessments and market insights for funds, investors, and managers; business intelligence to real estate owners, managers, developers, and brokers; and offers investment decision support tools for private capital. It serves asset owners and managers, financial intermediaries, wealth managers, real estate professionals, and corporates. MSCI Inc. was incorporated in 1998 and is headquartered in New York, New York.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
MSCI โข NYSE
| MSCI Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Nov 2010 | Nov 2009 | Nov 2008 | Nov 2007 | Nov 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
1.2B | 1.1B | 1.1B | 870.6M | 726M | 601.8M | 563.6M | 507.9M | 304M | 260.9M | 223.6M | 284.1M | 222.6M | 184.2M | 173.5M | 92.2M | 81.8M | 68.3M | 81.1M | 71.4M | |
218.6M | 206.3M | 159.2M | 142.5M | 134.1M | 110.8M | 79.4M | 85.5M | 80M | 81.4M | 77.8M | 74.5M | 80.5M | 82M | 85.2M | 59M | 37.5M | 33.5M | 27.8M | 29.7M | |
46.7M | 14.3M | -15.3M | 36.4M | -111.4M | -55.6M | -20.8M | -780K | -18.9M | -17M | -10.3M | -5M | -15.1M | -30.2M | 5.6M | 926K | -14.3M | -7.2M | -22.6M | -10M | |
111.3M | 95.2M | 71.7M | 58.1M | 54.9M | 51.1M | 41.2M | 38.9M | 36.6M | 32M | 28.6M | 26.6M | 25M | 25.3M | 31.7M | 32.3M | 35.2M | 30.3M | 1M | 0.0 | |
33.6M | 3.9M | -130.6M | 7.2M | 72.3M | 51.1M | 44.4M | -57.9M | 4.1M | -3.8M | -15.2M | -75.6M | 1.4M | 22.3M | 1.1M | 4.1M | -3.8M | 6.8M | 119K | 654K | |
(222.3M) | (201M) | (240.5M) | (180.7M) | (222.6M) | (113.6M) | (72.9M) | (143.2M) | (128.7M) | (97.8M) | (129.5M) | (120.4M) | (128.2M) | (134.4M) | (93.7M) | (46.2M) | (61.4M) | (64.4M) | (0.0) | (0.0) | |
-24M | 72.7M | 2.5M | -19.4M | 60.1M | 51.9M | 1.6M | 39.1M | -1.6M | 81.3M | 1.5M | 1M | 6M | 63.4M | -42.1M | -5.2M | -5.4M | 23.4M | 22.8M | -8.1M | |
1.6B | 1.5B | 1.2B | 1.1B | 936.1M | 811.1M | 709.5M | 612.8M | 404.2M | 434.7M | 306M | 305.7M | 320.4M | 347.1M | 255M | 183.4M | 130.9M | 155.1M | 110.2M | 83.7M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-39.3M | -115.1M | -90.9M | -72.9M | -52.8M | -51M | -53.8M | -49M | -48.8M | -42.6M | -49.2M | -50.9M | -43.5M | -44.9M | -23.1M | -13.2M | -13.4M | -25.6M | -535K | -2.4M | |
(0.0) | -27.5M | -727.3M | -5K | -975.4M | -190.8M | -18.2M | (83.8M) | (0.0) | (597K) | -6.5M | (347.9M) | -23.3M | -119.6M | (23.1M) | -1.1B | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (0.0) | (0.0) | -5K | -26.4M | -190.8M | (0.0) | (0.0) | (0.0) | (0.0) | (40.2M) | (0.0) | (40.5M) | -137.3M | -217.8M | -194.4M | -563.4M | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 5K | 26.4M | 410.8M | 0.0 | 0.0 | 771K | 0.0 | 6.7M | 0.0 | 70.9M | 207M | 150.3M | 416.6M | 268.6M | 0.0 | 0.0 | 20K | |
-90.7M | -1.7M | -1.2M | -6.4M | -7.6M | -220M | 10K | 10K | 0.0 | 0.0 | -40.1M | 22K | -40.5M | 351K | -23.1M | 22K | 0.0 | 137.6M | 192.6M | -77.3M | |
-130.1M | -144.3M | -819.4M | -79.3M | -1B | -241.8M | -71.9M | (34.9M) | -48M | -42M | -48.9M | (297M) | (4.1M) | -94.4M | -90.6M | -892.3M | -308.2M | (112.1M) | (192.1M) | -79.8M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-2.5B | -885.3M | -504.2M | -1.4B | -198.4M | -778.5M | -292.1M | -949.9M | -150.5M | -774.6M | -700.7M | -409.7M | -112.2M | -106M | -14.6M | -14.2M | 97.3M | -681K | 265M | 0.0 | |
1.7B | -2.2M | -8.8M | 347.8M | 751.9M | 262.6M | 486.9M | 500M | 0.0 | 500M | 800M | -10M | -48M | -227.5M | -187.1M | 740.2M | -22.3M | -22.3M | 415.9M | 0.0 | |
-556.5M | -509.1M | -441M | -372.9M | -302.4M | -246.4M | -222.9M | -170.9M | -119.7M | -96.2M | -87.7M | -20.4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -973M | -5M | |
-2.5B | -885.3M | -504.2M | -1.4B | -198.4M | -778.5M | -292.1M | -949.9M | -150.5M | -774.6M | -700.7M | -409.7M | -112.2M | -106M | -14.6M | -14.2M | -18.5M | -681K | (0.0) | (0.0) | |
-25.3M | -5.7M | 0.0 | -2.8M | -21.6M | -16.7M | -8.5M | -5.7M | 2.6M | 5.5M | 8.4M | -12M | 14.3M | 10.5M | 23.7M | 32M | 7.5M | -21K | 0.0 | 0.0 | |
-1.4B | -1.4B | -953.9M | -1.4B | 229.5M | -779M | -36.7M | -626.5M | -267.5M | -365.3M | 19.9M | -442.3M | -145.8M | -323M | -178M | 758.1M | 82.5M | -23M | -292.1M | -5M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
9.6M | -7.4M | 5.4M | -18.5M | -8.9M | 3.7M | 1.5M | -6.5M | 9.1M | -13.3M | -8.2M | -10M | -3.6M | 1.4M | -3.6M | 1.4M | 2.7M | -9.9M | -776K | 2.1M | |
106M | -52.3M | -531.9M | -427.9M | 120.9M | -206M | 602.4M | 14.7M | 97.7M | 14.1M | 268.9M | 150.4M | 175.1M | -68.9M | -17.2M | 50.6M | -92.1M | 234.3M | 9.5M | 951K | |
409.4M | 461.7M | 993.6M | 1.4B | 1.3B | 1.5B | 904.2M | 889.5M | 791.8M | 777.7M | 508.8M | 358.4M | 183.3M | 252.2M | 269.4M | 176M | 268.1M | 33.8M | 24.4M | 23.4M | |
515.3M | 409.4M | 461.7M | 993.6M | 1.4B | 1.3B | 1.5B | 904.2M | 889.5M | 791.8M | 777.7M | 508.8M | 358.4M | 183.3M | 252.2M | 226.6M | 176M | 268.1M | 33.8M | 24.4M | |
1.5B | 1.5B | 1.1B | 1B | 883.3M | 760.1M | 655.8M | 563.8M | 355.3M | 392.1M | 256.8M | 254.8M | 276.9M | 302.2M | 231.9M | 170.2M | 117.5M | 129.5M | 109.7M | 81.2M |
MSCI - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | April 23, 2026 | April 21, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 21, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 27, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 11, 2026 | April 21, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 06, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 27, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 17, 2025 | November 12, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 06, 2025 | October 30, 2025 | 2025 |
Continue your MSCI research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.