Factset Research Systems vs MSCI
MSCI is the larger business, with $3.13bn of revenue in fiscal 2025 against $2.48bn for Factset Research Systems (1.3 times as much). MSCI grew faster (9.7% against 6.7%). MSCI kept more of each dollar of sales as profit: a net margin of 38.4% against 21.5%.
| Latest fiscal year | Factset Research SystemsFDS, 2026 | MSCIMSCI, 2025 |
|---|---|---|
| Revenue | $2.48bn | $3.13bn |
| Revenue growth | 6.7% | 9.7% |
| Net income | $533m | $1.20bn |
| Operating margin | 28.3% | 54.7% |
| Net margin | 21.5% | 38.4% |
| Return on equity | 25.5% | — |
| Free cash flow | $707m | $1.55bn |
| Cash | $233m | $515m |
| Total debt | $1.38bn | $6.25bn |
| Debt to equity | 68.7% | — |
| Dividend per share | — | $7.20 |
| Dividend yield | 1.4% | 1.3% |
| Share buybacks | $644m | $2.48bn |
| Employees | 12,444 | 6,268 |
| Market value | $11.77bn | $45.99bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 90 (Strong) | 92 (Strong) |
| Insider trades, 12 months | 1 buys, 4 sales | 32 buys, 8 sales |