MSCI MSCI
MSCI scores excellent on business quality (8.7 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What MSCI does
MSCI sells mission-critical indexes, analytics, and ESG data to asset managers and institutional investors, charging recurring subscription fees for portfolio benchmarking. The firm is scaling its climate and private asset data offerings to capture emerging institutional workflows.
- What it does best
MSCI embeds its indexes so deeply into passive fund benchmarks that switching costs are virtually insurmountable, boasting an operating margin of 55.7% that outpaces peer MCO at 46.1%.
- The main risk
High leverage with net debt of $5.7 billion leaves little margin for error if institutional asset flows stall or fee pressure accelerates.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin reaches 55.7% and free cash flow margin hits the sector's top quartile at 88%, proving extreme pricing power and high scalability.
An unassailable ecosystem lock-in backed by an operating margin in the top decile of its sector at the 95th percentile.
Revenue grew 9.7% to $3.3 billion, sustaining a steady historical expansion rate across its core index and analytics segments.
Net debt sits at $5.7 billion against free cash flow of $1.5 billion, maintaining solid coverage while returning capital aggressively via buybacks.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 insider bought $1.0M on the open market.
Our sealed record on MSCI
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
MSCI scores excellent on the Cluenex quality check (8.7 of 10), measured against its own industry. Profitability is strong, moat strong, growth steady and financial health strong.
In the last 90 days of SEC Form 4 filings: 1 insider bought $1.0M on the open market.
Oct 20, 2026, before the open.
See MSCI today
- Today's verdict on MSCI, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “MSCI (MSCI)”, https://cluenex.com/stocks/msci/, data as of Oct 10, 2026.