ICE vs MSCI
Intercontinental Exchange (ICE) and MSCI (MSCI) compared side by side. Intercontinental Exchange (ICE) is larger, with a market cap of $91.4B versus $44.8B for MSCI, about 2.0 times the size. On trailing earnings, ICE is cheaper at 23.0x versus 31.7x for MSCI.
Head to head
| Metric | ICE | MSCI |
|---|---|---|
| Market cap | $91.4B | $44.8B |
| P/E (TTM) | 23.0x | 31.7x |
| Forward P/E | 18.3x | 27.5x |
| Revenue (TTM) | $10.6B | $3.4B |
| Revenue growth | 4.8% | 12.4% |
| Gross margin | 100.0% | 82.9% |
| Operating margin | 52.6% | 56.4% |
| Free cash flow | $4.6B | $1.5B |
| Dividend yield | 1.28% | 1.33% |
| 1-year return | +4.7% | +15.9% |
| 5-year return (annual) | +5.7% | +0.1% |
| Max drawdown | -74% | -69% |
| FI Handbook grade | C+ | B |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
ICE vs MSCI FAQ
Which is bigger, ICE or MSCI?
Intercontinental Exchange (ICE) is larger, with a market cap of $91.4B versus $44.8B for MSCI, about 2.0 times the size.
Is ICE or MSCI cheaper?
On trailing earnings, ICE is cheaper at 23.0x versus 31.7x for MSCI. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, ICE or MSCI?
MSCI returned +15.9% over the past year including dividends, versus +4.7% for ICE, through October 23, 2026.
Which pays a higher dividend, ICE or MSCI?
MSCI yields 1.33% versus 1.28% for ICE.
Full pages: Intercontinental Exchange · MSCI