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MSCI NYSE

MSCI Inc.
1W: +2.6% 1M: -4.2% 3M: +7.0% YTD: +3.4% 1Y: +2.6% 3Y: +31.2% 5Y: +31.8%
$588.55
+6.21 (+1.07%)
 
Weekly Expected Move ±3.5%
$522 $542 $562 $581 $601
NYSE · Financial Services · Financial - Data & Stock Exchanges · Alpha Radar Buy · Power 66 · $42.8B mcap · 69M float · 0.859% daily turnover · Short 48% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE
69.3 / 100
NoneWeakNarrowWide
Primary source: Cost Advantage  ·  ROIC: 48.6%
Cost Advantage ★
80
Intangibles
80
Switching Cost
63
Network Effect
54
Scale
63
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. MSCI has a Narrow competitive edge (69.3/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Cost Advantage. ROIC of 48.6% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$730
Low
$730
Avg Target
$730
High
Based on 1 analyst since Apr 21, 2026 earnings
Analyst Recommendations
Strong Buy: 1Buy: 17Hold: 8Sell: 1Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$730.00
Analysts1
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-04-21 Raymond James Patrick O&#039;Shaughnessy $690 $730 +40 +23.9% $589.17
2026-01-29 Deutsche Bank $569 $715 +146 +18.1% $605.47
2026-01-29 Evercore ISI David Motemaden Initiated $690 +13.6% $607.30
2026-01-29 RBC Capital Ashish Sabadra $638 $655 +17 +8.3% $604.54
2026-01-29 Wells Fargo $570 $618 +48 +0.5% $614.87
2026-01-28 UBS $710 $638 -72 +3.8% $614.87
2026-01-12 Raymond James Patrick O'Shaughnessy $549 $690 +141 +17.7% $586.47
2025-10-29 UBS $601 $710 +109 +19.6% $593.76
2025-10-29 UBS $585 $601 +16 +1.2% $593.76
2025-10-29 Barclays Manav Patnaik $700 $660 -40 +11.2% $593.76
2025-10-01 Seaport Global Initiated $650 +14.6% $567.41
2024-12-18 Goldman Sachs George Tong $617 $723 +106 +20.9% $597.90
2024-10-30 Goldman Sachs George Tong $526 $617 +91 +6.6% $578.93
2024-10-29 Morgan Stanley Toni Kaplan $543 $662 +119 +14.3% $578.93
2024-09-13 Barclays Manav Patnaik $600 $700 +100 +25.1% $559.75
2024-08-12 Wells Fargo Jason Haas Initiated $570 +7.1% $532.41
2024-07-26 Argus Research John Eade Initiated $600 +10.2% $544.60
2024-07-09 UBS Alex Kramm Initiated $585 +18.7% $493.00
2024-06-06 RBC Capital Ashish Sabadra $600 $638 +38 +28.0% $498.31
2024-05-23 Goldman Sachs George Tong Initiated $526 +4.4% $503.83
2024-04-24 Deutsche Bank Faiza Alwy $477 $569 +92 +21.5% $468.50
2023-02-02 J.P. Morgan $580 $585 +5 +4.1% $561.94
2023-02-01 Morgan Stanley $518 $543 +25 +0.9% $538.02
2023-02-01 RBC Capital $520 $600 +80 +11.6% $537.72
2023-02-01 Oppenheimer Initiated $575 +8.0% $532.18
2023-02-01 Raymond James $539 $549 +10 +3.3% $531.56
2023-01-15 Raymond James Patrick O'Shaughnessy Initiated $539 +6.7% $505.24
2023-01-04 Morgan Stanley $540 $518 -22 +9.4% $473.58
2022-12-13 J.P. Morgan Initiated $580 +10.9% $522.87
2022-12-02 Barclays $470 $600 +130 +15.1% $521.39
2022-06-28 RBC Capital Ashish Sabadra Initiated $520 +21.0% $429.78
2022-06-24 Barclays Manav Patnaik $570 $470 -100 +12.8% $416.71
2022-04-27 Deutsche Bank Initiated $477 +13.5% $420.22
2022-04-27 Barclays Initiated $570 +34.9% $422.42
2022-04-27 Morgan Stanley Initiated $540 +27.2% $424.62

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+
May 22, 2026
DCF
3
ROE
1
ROA
5
D/E
1
P/E
1
P/B
1
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. MSCI receives an overall rating of C+. Strongest factors: ROA (5/5). Areas of concern: ROE (1/5), D/E (1/5), P/E (1/5), P/B (1/5).

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

74 Grade A+
Profitability
80
Balance Sheet
34
Earnings Quality
64
Growth
70
Value
43
Momentum
85
Safety
100
Cash Flow
75
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. MSCI scores highest in Safety (100/100) and lowest in Balance Sheet (34/100). An overall grade of A+ places MSCI among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-B Score
12.51
Safe Zone
Piotroski F-Score
9/9
Beneish M-Score
-2.55
Unlikely Manipulator
Ohlson O-Score
-4.15
Bankruptcy prob: 1.6%
Low Risk
Credit Rating
BB
Score: 42.8/100
Trend: Deteriorating
Earnings Quality
100/100
OCF/NI: 1.21x
Accruals: -4.9%
The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. MSCI scores 12.51, placing it in the Safe Zone (safe > 3.0, distress < 1.5). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. MSCI scores 9/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. MSCI's score of -2.55 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. MSCI's implied 1.6% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. MSCI receives an estimated rating of BB (score: 42.8/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). MSCI's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
32.69x
PEG
1.68x
P/S
13.23x
P/B
-15.55x
P/FCF
25.74x
P/OCF
24.83x
EV/EBITDA
23.40x
EV/Revenue
14.00x
EV/EBIT
25.43x
EV/FCF
29.51x
Earnings Yield
3.34%
FCF Yield
3.88%
Shareholder Yield
8.21%
Graham Number
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 32.7x earnings, MSCI commands a growth premium.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.850
NI / EBT
×
Interest Burden
0.870
EBT / EBIT
×
EBIT Margin
0.551
EBIT / Rev
×
Asset Turnover
0.581
Rev / Assets
×
Equity Multiplier
-3.101
Assets / Equity
=
ROE
-73.4%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. MSCI's ROE of -73.4% is driven by Asset Turnover (0.581), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate
17.99%
Fair P/E
44.49x
Intrinsic Value
$799.83
Price/Value
0.67x
Margin of Safety
32.61%
Premium
-32.61%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with MSCI's realized 18.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $799.83, MSCI appears undervalued with a 33% margin of safety. The adjusted fair P/E of 44.5x compares to the current market P/E of 32.7x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$588.62
Median 1Y
$655.66
5th Pctile
$384.54
95th Pctile
$1119.05
Ann. Volatility
34.1%
Analyst Target
$730.00
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Henry A. Fernandez
Chairman, Chief Executive Officer and President
$1,000,000 $4,380,024 $33,320,590
C.D. Baer Pettit
Former President and COO
$823,996 $2,160,219 $9,854,504
Alvise J. Munari
Chief Product Officer and Head of Client Segments
$663,568 $1,800,544 $4,974,868
Andrew C. Wiechmann
Chief Financial Officer
$600,000 $1,800,544 $4,430,583
Scott A. Crum
Chief Human Resources Officer
$550,000 $1,440,533 $3,800,143

CEO Pay Ratio

418:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $33,320,590
Avg Employee Cost (SGA/emp): $79,777
Employees: 6,268

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
6,268
+2.2% YoY
Revenue / Employee
$500,073
Rev: $3,134,459,000
Profit / Employee
$191,816
NI: $1,202,305,000
SGA / Employee
$79,777
Avg labor cost proxy
R&D / Employee
$28,334
Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
ROE -2.7% -2.6% -2.4% -2.5% -2.6% -2.8% -1.5% -1.5% -1.6% -1.6% -1.3% -1.3% -1.4% -1.4% -1.3% -1.4% -1.4% -1.5% -66.9% -73.4% -73.43%
ROA 16.7% 16.4% 15.0% 15.6% 16.5% 17.5% 16.6% 16.8% 17.5% 18.3% 21.8% 22.2% 22.6% 23.0% 20.2% 20.8% 21.5% 22.3% 21.6% 23.7% 23.68%
ROIC 48.3% 49.3% 33.3% 34.5% 35.4% 35.9% 38.1% 38.4% 39.7% 41.2% 33.9% 34.5% 35.2% 36.0% 38.0% 39.1% 40.4% 41.9% 43.9% 48.6% 48.56%
ROCE 29.8% 30.3% 23.9% 24.8% 26.3% 28.0% 32.4% 33.3% 34.7% 36.1% 38.9% 39.3% 40.2% 41.1% 39.9% 40.8% 41.8% 43.0% 44.0% 46.1% 46.05%
Gross Margin 82.5% 82.7% 82.6% 81.6% 81.7% 82.4% 82.2% 81.7% 82.3% 83.2% 82.2% 81.1% 81.9% 82.6% 82.3% 81.7% 82.2% 83.3% 82.6% 83.3% 83.33%
Operating Margin 51.7% 54.2% 51.0% 51.6% 54.4% 55.2% 53.6% 53.1% 55.7% 56.5% 53.7% 49.9% 54.0% 55.4% 54.5% 50.6% 55.0% 56.4% 56.4% 53.7% 53.70%
Net Margin 33.2% 32.9% 35.3% 40.8% 38.2% 38.6% 37.3% 40.3% 39.7% 41.5% 58.5% 37.6% 37.7% 38.8% 41.1% 38.7% 39.3% 41.0% 34.6% 47.7% 47.72%
EBITDA Margin 55.9% 52.2% 58.5% 57.9% 60.9% 62.4% 60.3% 60.5% 62.9% 64.3% 81.6% 57.3% 61.8% 63.1% 62.1% 57.9% 55.6% 63.4% 60.9% 59.3% 59.32%
FCF Margin 44.8% 43.3% 43.2% 42.7% 40.7% 44.6% 45.5% 45.4% 47.1% 44.4% 45.3% 45.0% 45.7% 49.2% 50.0% 49.4% 48.4% 48.3% 49.4% 47.4% 47.44%
OCF Margin 47.5% 46.1% 45.8% 45.4% 43.7% 47.7% 48.7% 48.9% 50.8% 48.1% 48.9% 48.6% 49.2% 52.1% 52.6% 51.4% 49.9% 49.7% 50.7% 49.2% 49.19%
ROA 3Y Avg snapshot only 21.75%
ROIC 3Y Avg snapshot only 40.96%
ROIC Economic snapshot only 42.46%
Cash ROA snapshot only 27.94%
Cash ROIC snapshot only 50.75%
CROIC snapshot only 48.95%
NOPAT Margin snapshot only 47.06%
Pretax Margin snapshot only 47.92%
R&D / Revenue snapshot only 5.54%
SGA / Revenue snapshot only 16.02%
SBC / Revenue snapshot only 3.67%
Valuation
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
P/E Ratio 60.40 70.52 67.47 52.34 40.11 38.68 41.50 49.51 39.70 41.35 38.22 37.41 31.62 37.45 41.86 38.17 37.68 35.74 36.88 29.98 32.690
P/S Ratio 22.94 25.05 23.97 18.66 14.78 14.79 16.07 19.12 15.49 16.44 17.36 16.67 13.87 16.13 16.26 14.92 14.87 14.31 14.15 12.21 13.227
P/B Ratio -95.51 -109.51 -299.63 -242.58 -196.95 -201.00 -35.85 -43.27 -36.12 -39.39 -59.34 -58.96 -50.68 -61.10 -49.39 -46.37 -47.25 -46.51 -16.70 -14.90 -15.551
P/FCF 51.24 57.84 55.45 43.72 36.31 33.17 35.34 42.09 32.86 37.00 38.33 37.01 30.36 32.75 32.49 30.19 30.71 29.60 28.62 25.74 25.742
P/OCF 48.31 54.40 52.32 41.10 33.80 31.01 32.99 39.10 30.48 34.16 35.51 34.29 28.20 30.96 30.92 28.99 29.81 28.80 27.92 24.83 24.828
EV/EBITDA 41.42 46.52 45.03 35.63 28.03 26.84 29.30 33.95 27.69 28.92 28.03 27.37 23.24 26.72 29.01 26.73 27.31 26.25 26.88 23.40 23.403
EV/Revenue 24.14 26.20 25.38 20.02 16.10 16.09 17.69 20.72 17.05 17.95 19.01 18.26 15.41 17.61 17.74 16.36 16.29 15.69 16.00 14.00 14.002
EV/EBIT 47.00 52.65 50.96 40.37 31.34 30.03 32.73 37.86 30.79 32.06 30.90 30.36 25.93 29.99 32.89 30.32 30.13 28.87 29.42 25.43 25.432
EV/FCF 53.92 60.48 58.72 46.91 39.57 36.09 38.91 45.61 36.16 40.41 41.97 40.55 33.73 35.78 35.44 33.12 33.63 32.46 32.37 29.51 29.513
Earnings Yield 1.7% 1.4% 1.5% 1.9% 2.5% 2.6% 2.4% 2.0% 2.5% 2.4% 2.6% 2.7% 3.2% 2.7% 2.4% 2.6% 2.7% 2.8% 2.7% 3.3% 3.34%
FCF Yield 2.0% 1.7% 1.8% 2.3% 2.8% 3.0% 2.8% 2.4% 3.0% 2.7% 2.6% 2.7% 3.3% 3.1% 3.1% 3.3% 3.3% 3.4% 3.5% 3.9% 3.88%
PEG Ratio snapshot only 1.683
EV/OCF snapshot only 28.464
EV/Gross Profit snapshot only 16.899
Acquirers Multiple snapshot only 25.291
Shareholder Yield snapshot only 8.21%
Leverage & Solvency
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Current Ratio 1.88 1.88 1.71 1.71 1.71 1.71 1.40 1.40 1.40 1.40 0.93 0.93 0.93 0.93 0.85 0.85 0.85 0.85 0.90 0.90 0.899
Quick Ratio 1.88 1.88 1.71 1.71 1.71 1.71 1.40 1.40 1.40 1.40 0.93 0.93 0.93 0.93 0.85 0.85 0.85 0.85 0.90 0.90 0.899
Debt/Equity -7.94 -7.94 -26.38 -26.38 -26.38 -26.38 -4.61 -4.61 -4.61 -4.61 -6.26 -6.26 -6.26 -6.26 -4.93 -4.93 -4.93 -4.93 -2.38 -2.38 -2.377
Net Debt/Equity
Debt/Assets 0.84 0.84 0.78 0.78 0.78 0.78 0.93 0.93 0.93 0.93 0.84 0.84 0.84 0.84 0.85 0.85 0.85 0.85 1.11 1.11 1.107
Debt/EBITDA 3.27 3.23 3.74 3.61 3.44 3.24 3.42 3.34 3.21 3.10 2.70 2.65 2.58 2.50 2.65 2.59 2.60 2.54 3.38 3.26 3.256
Net Debt/EBITDA 2.06 2.03 2.51 2.42 2.31 2.17 2.69 2.62 2.52 2.43 2.43 2.39 2.33 2.26 2.42 2.36 2.37 2.31 3.11 2.99 2.990
Interest Coverage 6.24 6.16 6.38 6.48 6.82 7.16 7.08 7.05 7.13 7.30 8.33 8.41 8.59 8.80 8.30 8.51 8.73 8.66 8.12 7.67 7.671
Equity Multiplier -9.47 -9.47 -33.69 -33.69 -33.69 -33.69 -4.96 -4.96 -4.96 -4.96 -7.46 -7.46 -7.46 -7.46 -5.79 -5.79 -5.79 -5.79 -2.15 -2.15 -2.148
Cash Ratio snapshot only 0.282
Debt Service Coverage snapshot only 8.336
Cash to Debt snapshot only 0.082
FCF to Debt snapshot only 0.244
Defensive Interval snapshot only 615.6 days
Efficiency & Turnover
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Asset Turnover 0.44 0.46 0.42 0.44 0.45 0.46 0.43 0.43 0.45 0.46 0.48 0.50 0.51 0.53 0.52 0.53 0.54 0.56 0.56 0.58 0.581
Inventory Turnover
Receivables Turnover 3.49 3.66 3.34 3.47 3.56 3.63 3.39 3.44 3.54 3.64 3.37 3.48 3.60 3.73 3.44 3.52 3.60 3.68 3.47 3.58 3.585
Payables Turnover 30.82 32.65 25.90 27.12 28.09 28.73 28.39 28.80 29.45 29.94 35.94 37.54 38.99 40.67 42.29 42.97 43.75 44.27 36.87 37.20 37.204
DSO 105 100 109 105 102 100 108 106 103 100 108 105 101 98 106 104 101 99 105 102 101.8 days
DIO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 days
DPO 12 11 14 13 13 13 13 13 12 12 10 10 9 9 9 8 8 8 10 10 9.8 days
Cash Conversion Cycle 93 88 95 92 89 88 95 94 91 88 98 95 92 89 97 95 93 91 95 92 92.0 days
Fixed Asset Turnover snapshot only 16.183
Cash Velocity snapshot only 6.286
Capital Intensity snapshot only 1.760
Growth (YoY)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 13.4% 16.8% 20.5% 20.9% 18.0% 14.7% 10.0% 7.3% 7.9% 8.7% 12.5% 14.7% 15.0% 16.1% 12.9% 11.7% 10.5% 9.0% 9.7% 10.9% 10.86%
Net Income 34.0% 21.1% 20.6% 16.5% 14.5% 23.4% 19.9% 16.3% 14.2% 13.0% 31.9% 32.3% 29.3% 25.7% -3.4% -2.1% -0.6% 1.3% 8.4% 15.6% 15.58%
EPS 35.7% 22.4% 20.8% 18.2% 17.4% 27.5% 24.6% 18.9% 16.2% 15.0% 33.5% 34.0% 30.4% 26.9% -2.0% 0.1% 1.6% 3.2% 9.9% 22.5% 22.52%
FCF 9.9% 9.5% 16.2% 5.1% 7.3% 18.0% 15.8% 14.2% 25.0% 8.3% 12.0% 13.7% 11.5% 28.6% 24.8% 22.5% 17.1% 7.0% 8.4% 6.5% 6.47%
EBITDA 22.8% 21.2% 20.8% 18.8% 16.4% 22.1% 17.9% 16.6% 15.6% 12.6% 26.3% 25.4% 23.9% 23.2% 1.8% 2.5% -0.7% -1.2% 6.8% 8.3% 8.34%
Op. Income 18.2% 20.7% 21.2% 18.9% 18.1% 14.9% 12.6% 11.4% 11.2% 12.1% 14.7% 14.3% 13.1% 13.0% 10.4% 11.1% 11.3% 10.8% 12.1% 14.5% 14.51%
OCF Growth snapshot only 6.01%
Asset Growth snapshot only 4.72%
Debt Growth snapshot only 36.22%
Shares Change snapshot only -5.66%
Dividend Growth snapshot only 7.99%
Growth (CAGR)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 3Y 10.4% 11.2% 12.5% 13.5% 13.8% 13.7% 13.0% 12.5% 13.0% 13.3% 14.3% 14.2% 13.6% 13.1% 11.8% 11.2% 11.1% 11.2% 11.7% 12.4% 12.41%
Revenue 5Y 10.7% 11.4% 12.2% 12.6% 12.7% 12.5% 12.0% 11.5% 11.4% 11.4% 12.0% 12.5% 12.9% 13.1% 12.9% 12.8% 12.9% 13.0% 13.1% 13.0% 13.02%
EPS 3Y 26.4% 21.4% 15.2% 11.4% 13.3% 14.9% 18.0% 20.6% 22.8% 21.5% 26.2% 23.5% 21.2% 23.0% 17.7% 16.8% 15.5% 14.6% 12.8% 18.0% 17.99%
EPS 5Y 26.6% 25.6% 25.6% 25.3% 25.8% 25.7% 26.9% 24.0% 22.5% 21.3% 20.6% 17.1% 17.1% 17.2% 16.5% 18.7% 19.7% 18.7% 16.7% 18.2% 18.20%
Net Income 3Y 22.5% 17.9% 12.6% 9.9% 11.5% 12.7% 15.6% 18.2% 20.6% 19.1% 24.0% 21.5% 19.2% 20.6% 15.2% 14.7% 13.7% 12.9% 11.4% 14.4% 14.42%
Net Income 5Y 22.8% 22.3% 22.7% 22.6% 22.8% 22.5% 23.4% 20.5% 19.2% 18.0% 17.7% 15.3% 15.4% 15.3% 14.5% 16.4% 17.6% 16.6% 14.8% 15.2% 15.20%
EBITDA 3Y 12.8% 11.8% 10.7% 12.0% 13.5% 14.7% 17.0% 16.1% 18.2% 18.5% 21.6% 20.2% 18.6% 19.2% 14.9% 14.4% 12.5% 11.1% 11.2% 11.7% 11.66%
EBITDA 5Y 15.2% 14.7% 15.1% 15.2% 15.5% 16.0% 15.4% 14.7% 14.1% 13.9% 15.1% 15.5% 16.0% 15.9% 15.6% 15.0% 15.3% 15.2% 14.4% 14.0% 14.04%
Gross Profit 3Y 11.8% 12.5% 13.7% 14.8% 15.0% 14.5% 13.5% 12.4% 12.9% 13.2% 14.0% 13.9% 13.3% 12.8% 11.6% 11.1% 11.1% 11.3% 11.9% 12.8% 12.79%
Gross Profit 5Y 12.3% 12.7% 13.4% 13.8% 13.8% 13.6% 13.0% 12.3% 12.1% 12.1% 12.7% 13.2% 13.5% 13.6% 13.1% 12.8% 12.8% 12.9% 13.0% 13.0% 13.04%
Op. Income 3Y 14.8% 15.2% 16.0% 17.5% 17.9% 17.6% 16.9% 15.5% 15.8% 15.9% 16.1% 14.8% 14.1% 13.3% 12.5% 12.3% 11.8% 12.0% 12.4% 13.3% 13.29%
Op. Income 5Y 16.4% 16.9% 17.1% 17.0% 16.9% 16.4% 15.8% 14.9% 14.7% 14.5% 15.1% 15.6% 15.6% 15.5% 15.1% 14.4% 14.3% 14.3% 14.1% 14.0% 14.00%
FCF 3Y 18.6% 16.1% 16.1% 17.4% 18.1% 19.5% 16.0% 15.2% 13.8% 11.9% 14.6% 10.9% 14.3% 18.0% 17.4% 16.8% 17.7% 14.2% 14.9% 14.0% 14.04%
FCF 5Y 21.2% 20.7% 17.6% 18.3% 17.1% 22.4% 23.5% 20.3% 17.5% 14.9% 15.2% 16.0% 18.1% 18.9% 16.9% 16.3% 14.0% 14.0% 15.3% 12.2% 12.23%
OCF 3Y 17.5% 15.3% 15.2% 16.4% 17.0% 18.4% 15.6% 14.9% 13.9% 12.4% 15.1% 11.7% 14.9% 17.8% 17.1% 15.9% 16.1% 12.7% 13.2% 12.6% 12.63%
OCF 5Y 19.1% 18.7% 16.6% 17.1% 16.5% 21.6% 22.1% 19.6% 17.2% 14.8% 15.1% 15.8% 17.5% 18.0% 16.2% 15.4% 13.0% 13.1% 14.4% 11.8% 11.76%
Assets 3Y 8.6% 8.6% 17.6% 17.6% 17.6% 17.6% 5.9% 5.9% 5.9% 5.9% 9.5% 9.5% 9.5% 9.5% -0.4% -0.4% -0.4% -0.4% 4.5% 4.5% 4.50%
Assets 5Y 5.9% 5.9% 12.3% 12.3% 12.3% 12.3% 8.8% 8.8% 8.8% 8.8% 10.2% 10.2% 10.2% 10.2% 5.3% 5.3% 5.3% 5.3% 6.3% 6.3% 6.31%
Equity 3Y
Book Value 3Y
Dividend 3Y 7.3% 8.6% 9.5% 10.0% 11.5% 10.5% 9.5% 9.2% 9.1% 8.6% 7.6% 6.7% 5.8% 6.6% 7.2% 6.2% 5.5% 5.0% 4.4% 5.8% 5.79%
Growth Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue Stability 0.98 0.97 0.95 0.95 0.96 0.96 0.96 0.96 0.97 0.97 0.97 0.97 0.98 0.99 0.99 0.99 0.99 0.99 1.00 1.00 0.998
Earnings Stability 0.91 0.94 0.95 0.93 0.93 0.95 0.95 0.93 0.93 0.94 0.89 0.87 0.90 0.92 0.92 0.95 0.96 0.97 0.92 0.95 0.951
Margin Stability 0.97 0.97 0.98 0.97 0.98 0.98 0.98 0.98 0.98 0.99 0.99 0.98 0.99 0.99 0.99 1.00 1.00 1.00 1.00 1.00 0.995
Rev. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.000
Earn. Growth Consistency 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.500
FCF Positive Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence 0.86 0.92 0.92 0.93 0.94 0.91 0.92 0.93 0.94 0.95 0.87 0.87 0.88 0.90 0.99 0.99 1.00 0.99 0.97 0.94 0.938
Earnings Smoothness 0.71 0.81 0.81 0.85 0.86 0.79 0.82 0.85 0.87 0.88 0.72 0.72 0.74 0.77 0.97 0.98 0.99 0.99 0.92 0.86 0.855
ROE Trend
Gross Margin Trend 0.02 0.01 0.01 -0.00 -0.00 -0.01 -0.01 -0.01 -0.00 0.00 0.00 0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00 0.01 0.007
FCF Margin Trend 0.03 0.01 -0.00 -0.03 -0.05 -0.00 0.01 -0.00 0.04 0.00 0.01 0.01 0.02 0.05 0.05 0.04 0.02 0.02 0.02 0.00 0.002
Sustainable Growth Rate
Internal Growth Rate 11.7% 10.7% 9.6% 9.8% 10.4% 11.3% 10.5% 10.1% 10.4% 11.2% 15.6% 15.5% 15.6% 15.7% 12.3% 12.8% 13.3% 14.1% 13.1% 15.7% 15.70%
Cash Flow Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
OCF/Net Income 1.25 1.30 1.29 1.27 1.19 1.25 1.26 1.27 1.30 1.21 1.08 1.09 1.12 1.21 1.35 1.32 1.26 1.24 1.32 1.21 1.207
FCF/OCF 0.94 0.94 0.94 0.94 0.93 0.93 0.93 0.93 0.93 0.92 0.93 0.93 0.93 0.95 0.95 0.96 0.97 0.97 0.98 0.96 0.964
FCF/Net Income snapshot only 1.165
OCF/EBITDA snapshot only 0.822
CapEx/Revenue 2.7% 2.7% 2.6% 2.7% 3.0% 3.1% 3.2% 3.5% 3.7% 3.7% 3.6% 3.6% 3.5% 2.9% 2.5% 2.0% 1.5% 1.3% 1.3% 1.7% 1.75%
CapEx/Depreciation snapshot only 0.366
Accruals Ratio -0.04 -0.05 -0.04 -0.04 -0.03 -0.04 -0.04 -0.04 -0.05 -0.04 -0.02 -0.02 -0.03 -0.05 -0.07 -0.07 -0.06 -0.05 -0.07 -0.05 -0.049
Sloan Accruals snapshot only -0.018
Cash Flow Adequacy snapshot only 2.571
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Dividend Yield 0.6% 0.6% 0.6% 0.8% 1.1% 1.1% 1.0% 0.9% 1.2% 1.1% 1.0% 1.1% 1.3% 1.1% 1.1% 1.2% 1.2% 1.3% 1.3% 1.4% 1.31%
Dividend/Share $3.13 $3.36 $3.62 $3.94 $4.23 $4.44 $4.64 $4.94 $5.30 $5.43 $5.55 $5.79 $6.02 $6.27 $6.50 $6.70 $6.90 $7.07 $7.20 $7.67 $7.70
Payout Ratio 37.2% 40.8% 41.7% 42.8% 42.8% 42.2% 42.8% 45.1% 46.1% 45.0% 38.4% 39.5% 40.2% 40.9% 45.9% 45.7% 45.3% 44.7% 46.3% 42.7% 42.68%
FCF Payout Ratio 31.5% 33.5% 34.2% 35.7% 38.8% 36.2% 36.5% 38.3% 38.2% 40.2% 38.5% 39.0% 38.6% 35.8% 35.6% 36.1% 37.0% 37.0% 35.9% 36.6% 36.65%
Total Payout Ratio 1.2% 92.8% 69.0% 1.6% 1.9% 2.0% 2.0% 1.1% 1.3% 1.0% 82.3% 85.0% 68.1% 83.2% 1.3% 1.4% 1.2% 2.0% 2.5% 2.5% 2.46%
Div. Increase Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Chowder Number 0.13 0.18 0.23 0.29 0.33 0.29 0.24 0.23 0.24 0.21 0.19 0.17 0.14 0.15 0.17 0.15 0.13 0.12 0.11 0.09 0.094
Buyback Yield 1.3% 0.7% 0.4% 2.2% 3.6% 4.1% 3.9% 1.3% 2.0% 1.4% 1.1% 1.2% 0.9% 1.1% 1.9% 2.4% 2.1% 4.5% 5.6% 6.8% 6.79%
Net Buyback Yield 1.3% 0.7% 0.4% 2.2% 3.6% 4.1% 3.9% 1.3% 2.0% 1.4% 1.1% 1.2% 0.9% 1.1% 1.9% 2.4% 2.1% 4.5% 5.6% 6.8% 6.78%
Total Shareholder Return 1.9% 1.3% 1.0% 3.1% 4.7% 5.1% 4.9% 2.2% 3.2% 2.5% 2.2% 2.3% 2.2% 2.2% 3.0% 3.6% 3.3% 5.7% 6.9% 8.2% 8.20%
DuPont Factors
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Tax Burden (NI/EBT) 0.88 0.85 0.85 0.85 0.84 0.83 0.83 0.82 0.82 0.82 0.84 0.84 0.83 0.83 0.82 0.82 0.82 0.83 0.80 0.85 0.850
Interest Burden (EBT/EBIT) 0.84 0.84 0.84 0.85 0.85 0.86 0.86 0.86 0.86 0.86 0.88 0.88 0.88 0.89 0.88 0.88 0.89 0.88 0.88 0.87 0.870
EBIT Margin 0.51 0.50 0.50 0.50 0.51 0.54 0.54 0.55 0.55 0.56 0.62 0.60 0.59 0.59 0.54 0.54 0.54 0.54 0.54 0.55 0.551
Asset Turnover 0.44 0.46 0.42 0.44 0.45 0.46 0.43 0.43 0.45 0.46 0.48 0.50 0.51 0.53 0.52 0.53 0.54 0.56 0.56 0.58 0.581
Equity Multiplier -16.16 -16.16 -16.00 -16.00 -16.00 -16.00 -8.97 -8.97 -8.97 -8.97 -6.02 -6.02 -6.02 -6.02 -6.53 -6.53 -6.53 -6.53 -3.10 -3.10 -3.101
Per Share
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
EPS (Diluted TTM) $8.41 $8.24 $8.69 $9.21 $9.87 $10.50 $10.82 $10.95 $11.48 $12.08 $14.45 $14.66 $14.96 $15.33 $14.15 $14.67 $15.21 $15.83 $15.56 $17.98 $17.98
Book Value/Share $-5.32 $-5.30 $-1.96 $-1.99 $-2.01 $-2.02 $-12.53 $-12.52 $-12.61 $-12.68 $-9.31 $-9.30 $-9.34 $-9.40 $-12.00 $-12.08 $-12.13 $-12.16 $-34.35 $-36.17 $-37.85
Tangible Book/Share $-26.94 $-26.86 $-35.81 $-36.38 $-36.82 $-37.01 $-47.20 $-47.17 $-47.51 $-47.75 $-57.66 $-57.65 $-57.84 $-58.22 $-60.78 $-61.21 $-61.46 $-61.62 $-82.94 $-87.34 $-87.34
Revenue/Share $22.16 $23.19 $24.45 $25.83 $26.80 $27.48 $27.96 $28.34 $29.41 $30.38 $31.81 $32.91 $34.12 $35.60 $36.45 $37.55 $38.54 $39.53 $40.55 $44.13 $44.19
FCF/Share $9.92 $10.04 $10.57 $11.02 $10.91 $12.25 $12.71 $12.87 $13.87 $13.50 $14.40 $14.82 $15.59 $17.53 $18.24 $18.55 $18.66 $19.11 $20.04 $20.94 $20.97
OCF/Share $10.52 $10.68 $11.20 $11.72 $11.72 $13.10 $13.62 $13.86 $14.95 $14.62 $15.55 $16.00 $16.78 $18.54 $19.16 $19.32 $19.23 $19.64 $20.55 $21.71 $21.74
Cash/Share $15.61 $15.57 $17.01 $17.27 $17.49 $17.58 $12.35 $12.34 $12.43 $12.49 $5.76 $5.76 $5.78 $5.82 $5.18 $5.22 $5.24 $5.25 $6.67 $7.02 $5.26
EBITDA/Share $12.91 $13.06 $13.78 $14.51 $15.40 $16.47 $16.88 $17.30 $18.11 $18.86 $21.57 $21.96 $22.62 $23.47 $22.28 $22.99 $22.98 $23.63 $24.14 $26.41 $26.41
Debt/Share $42.25 $42.12 $51.59 $52.40 $53.03 $53.31 $57.74 $57.70 $58.11 $58.41 $58.21 $58.21 $58.40 $58.78 $59.11 $59.53 $59.77 $59.93 $81.64 $85.96 $85.96
Net Debt/Share $26.64 $26.55 $34.58 $35.12 $35.55 $35.73 $45.39 $45.36 $45.68 $45.92 $52.45 $52.45 $52.62 $52.97 $53.93 $54.32 $54.53 $54.68 $74.97 $78.94 $78.94
Academic Models
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Altman-B Score 12.514
Altman Z-Prime snapshot only 9.963
Piotroski F-Score 6 6 7 7 6 6 6 7 7 7 8 7 7 7 6 6 7 7 9 9 9
Beneish M-Score -2.50 -2.55 -2.34 -2.34 -2.29 -2.33 -2.67 -2.69 -2.73 -2.67 -2.22 -2.25 -2.27 -2.36 -2.83 -2.80 -2.76 -2.75 -2.62 -2.55 -2.549
Ohlson O-Score snapshot only -4.150
Net-Net WC snapshot only $-91.45
EVA snapshot only $1210637269.43
Credit
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Credit Rating snapshot only BB
Credit Score 47.66 47.21 48.32 48.25 48.53 48.30 46.57 46.27 47.18 46.54 43.96 42.63 43.59 42.62 49.18 48.50 48.81 47.77 42.68 42.83 42.829
Credit Grade snapshot only 12
Credit Trend snapshot only -5.672
Implied Spread (bps) snapshot only 475.000
Industry Credit Rank snapshot only 13
Sector Credit Rank snapshot only 31

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