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ICE vs. MSCI: Intercontinental Exchange vs. MSCI Stock Comparison

How do Intercontinental Exchange (ICE) and MSCI (MSCI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Intercontinental Exchange (ICE) and MSCI (MSCI) are both classified in the Financial Exchanges & Data sub-industry within the broader Capital Markets industry, placing them in the closest GICS peer bucket.

Company profile comparison for Intercontinental Exchange (ICE) and MSCI (MSCI)
Profile ItemICEMSCI
NameIntercontinental Exchange, Inc.MSCI Inc.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsCapital Markets
GICS Sub-IndustryFinancial Exchanges & DataFinancial Exchanges & Data
Market Capitalization96.27 billion USD46.60 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 16, 2005November 15, 2007
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ICE
MSCI
GSPC
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Intercontinental Exchange (ICE) vs. MSCI (MSCI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Intercontinental Exchange (ICE) and MSCI (MSCI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Intercontinental Exchange (ICE) and MSCI (MSCI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Intercontinental Exchange (ICE) and MSCI (MSCI)
MetricICEMSCI
Total Return (1Y)18.71%12.76%
Total Return (3Y, Annualized)18.62%9.86%
Total Return (5Y, Annualized)6.59%1.00%

Risk Profile

Drawdown History

ICE
MSCI
GSPC
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Intercontinental Exchange (ICE) vs. MSCI (MSCI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Intercontinental Exchange (ICE) and MSCI (MSCI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Intercontinental Exchange (ICE) and MSCI (MSCI)
MetricICEMSCI
Volatility (1Y, Annualized)25.87%29.82%
Beta (5Y)0.821.17
Max Drawdown (5Y)-33.97%-43.74%
Avg. Volume (3M)3.09M590.34K

Risk-Adjusted Performance

Risk-Return Positioning

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ICE and MSCI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Intercontinental Exchange (ICE) and MSCI (MSCI)
MetricICEMSCI
Sharpe Ratio (1Y)0.560.28
Sortino Ratio (1Y)0.800.40

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Intercontinental Exchange (ICE) earns 14.40% on shareholders’ equity, ranked against its industry; MSCI (MSCI) has no ROE this period.

ICE

Financial Services industry group

14.40%

Max
44.78%
Q3
21.85%
ICE
14.40%
Median
12.91%
Q1
4.48%
Min
-18.71%

MSCI

Financial Services industry group

--

Max
44.78%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
MSCI
--
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Intercontinental Exchange (ICE) vs. MSCI (MSCI): MSCI does not report ROE, so it has no value marker; ICE is benchmarked against the Financial Services industry group.

Net Margin (TTM)

For every dollar of sales, both Intercontinental Exchange (ICE) at 38.14% and MSCI (MSCI) at 40.31% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ICE

Financial Services industry group

38.14%

Max
62.84%
ICE
38.14%
Q3
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%

MSCI

Financial Services industry group

40.31%

Max
62.84%
MSCI
40.31%
Q3
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%
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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

MSCI (MSCI) at 56.41% operates in the top operating margin quartile, ahead of Intercontinental Exchange (ICE) at 52.77%, which runs around its industry’s norm.

ICE

Financial Services industry group

52.77%

Max
107.33%
Q3
55.90%
ICE
52.77%
Median
30.09%
Q1
14.60%
Min
-44.34%

MSCI

Financial Services industry group

56.41%

Max
107.33%
MSCI
56.41%
Q3
55.90%
Median
30.09%
Q1
14.60%
Min
-44.34%
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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Intercontinental Exchange (ICE) and MSCI (MSCI)
MetricICEMSCI
ROE (TTM)14.40%--
ROA (TTM)2.28%21.75%
Net Margin (TTM)38.14%40.31%
Operating Margin (TTM)52.77%56.41%
Gross Margin (TTM)----

Growth

Revenue Growth

Both Intercontinental Exchange (ICE) at 7.47% and MSCI (MSCI) at 9.75% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Intercontinental Exchange (ICE) at 20.71% and MSCI (MSCI) at 11.67% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Intercontinental Exchange (ICE) and MSCI (MSCI)
MetricICEMSCI
Revenue Growth (YoY)7.47%9.75%
Revenue Growth (3Y CAGR)9.47%11.71%
EPS Growth (YoY)20.71%11.67%
EPS Growth (3Y CAGR)30.77%13.54%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Intercontinental Exchange (ICE) in Financial Services and MSCI (MSCI) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Intercontinental Exchange (ICE) in Financial Services and MSCI (MSCI) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Intercontinental Exchange (ICE) and MSCI (MSCI)
MetricICEMSCI
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Intercontinental Exchange (ICE) at 1.17% and MSCI (MSCI) at 1.21% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

ICE

Financial Services industry group

1.17%

Max
9.77%
Q3
3.92%
ICE
1.17%
Median
1.09%
Q1
0.00%
Min
0.00%

MSCI

Financial Services industry group

1.21%

Max
9.77%
Q3
3.92%
MSCI
1.21%
Median
1.09%
Q1
0.00%
Min
0.00%
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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Intercontinental Exchange (ICE) at 27.79% and MSCI (MSCI) at 42.04% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

ICE

Financial Services industry group

27.79%

Max
241.07%
Q3
97.36%
ICE
27.79%
Median
25.77%
Q1
0.00%
Min
0.00%

MSCI

Financial Services industry group

42.04%

Max
241.07%
Q3
97.36%
MSCI
42.04%
Median
25.77%
Q1
0.00%
Min
0.00%
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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Intercontinental Exchange (ICE) and MSCI (MSCI)
MetricICEMSCI
Dividend Yield (TTM)1.17%1.21%
Dividend Payout Ratio (TTM)27.79%42.04%

Valuation

P/E Ratio (TTM)

Intercontinental Exchange (ICE) at 23.47 is near its industry’s usual P/E ratio, while MSCI (MSCI) at 33.90 sits in the richer quartile — MSCI needs stronger growth or earnings quality to justify the premium.

ICE

Financial Services industry group

23.47

Max
45.85
Q3
24.64
ICE
23.47
Median
15.37
Q1
9.68
Min
0.16

MSCI

Financial Services industry group

33.90

Max
45.85
MSCI
33.90
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Intercontinental Exchange (ICE) at 8.82 sits in the upper P/S ratio quartile, and MSCI (MSCI) at 13.58 prices even higher, above its industry range.

ICE

Financial Services industry group

8.82

Max
9.23
ICE
8.82
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55

MSCI

Financial Services industry group

13.58

MSCI
13.58
Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

MSCI (MSCI) reports a negative P/B ratio of -15.24, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Intercontinental Exchange (ICE) reports 3.22, ranking against industry peers normally.

ICE

Financial Services industry group

3.22

Max
7.79
Q3
3.63
ICE
3.22
Median
1.57
Q1
0.81
Min
-0.39

MSCI

Financial Services industry group

-15.24

Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
MSCI
-15.24
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Intercontinental Exchange (ICE) vs. MSCI (MSCI): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Intercontinental Exchange (ICE) and MSCI (MSCI)
MetricICEMSCI
P/E Ratio (TTM)23.4733.90
P/S Ratio (TTM)8.8213.58
P/B Ratio (MRQ)3.22-15.24
Free Cash Flow Yield (TTM)----