MSCI (MSCI)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $40.8B, MSCI's free cash flow of $1.5B (fiscal 2025) would need to grow about 9% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from MSCI's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from MSCI's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from MSCI's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.2B | $2.5B | $2.9B | $3.1B |
| Net income | $726M | $871M | $1.1B | $1.1B | $1.2B |
| Free cash flow | $883M | $1.0B | $1.1B | $1.4B | $1.5B |
| EPS (diluted) | $8.70 | $10.72 | $14.39 | $14.05 | $15.69 |
| Operating margin | 52.5% | 53.7% | 54.8% | 53.5% | 54.7% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own MSCI
From each investor's latest 13F filing (what a 13F shows). 7 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Ron Baron Baron Capital (BAMCO) |
Added | $1.8B | 2.7% | Q2 2026 |
| Andreas Halvorsen Viking Global Investors |
New position | $650M | 1.9% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $364M | 0.13% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $143M | 0.12% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Held | $80M | 0.61% | Q2 2026 |
| Donald Yacktman Yacktman Asset Management |
Held | $6M | 0.08% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $3M | 0.01% | Q2 2026 |
Insider buying
Open-market purchases by MSCI's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 2, 2026 | Rajat Taneja Director |
1,786 | $560.00 | $1M |
| Mar 23, 2026 | Ro Khanna |
0 | $551.36 | — |
| Mar 23, 2026 | Ro Khanna |
0 | $551.36 | — |
| Feb 17, 2026 | Henry A Fernandez |
800 | $518.95 | $415,160 |
| Feb 13, 2026 | Henry A Fernandez |
6,000 | $524.18 | $3M |
| Jan 13, 2026 | Ro Khanna |
0 | $587.41 | — |
| Jan 13, 2026 | Ro Khanna |
0 | $587.41 | — |
| Jan 6, 2026 | Ro Khanna |
0 | $586.76 | — |
| Jan 6, 2026 | Ro Khanna |
0 | $586.76 | — |
| Dec 5, 2025 | Henry A Fernandez |
2,290 | $536.17 | $1M |
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In the full deep dive
Questions
What growth does MSCI's stock price imply?
At a market value of $40.8B, MSCI would need its free cash flow to grow about 9% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 15% a year.
Are MSCI insiders buying the stock?
10 open-market insider purchases of MSCI in the last 12 months, from SEC Form 4 filings.
Which superinvestors own MSCI?
7 of the superinvestors Investingly tracks hold MSCI in their latest 13F, including Ron Baron, Andreas Halvorsen, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.