Moelis & Company (MC) Financials

$63.56 +1.24 (+1.99%)

Closing price 03:59 PM Eastern

Extended Trading

$63.50 -0.06 (-0.09%)

As of 05:13 PM Eastern

Annual Income Statements for Moelis & Company

This table shows Moelis & Company's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	33	38	29	141	105	179	365	150	-25	136	233
Consolidated Net Income / (Loss)	120	142	127	208	136	218	423	169	-28	151	260
Net Income / (Loss) Continuing Operations	120	142	127	208	136	218	423	169	-28	151	260
Total Pre-Tax Income	144	167	350	238	148	270	536	216	-29	196	327
Total Operating Income	138	161	164	227	115	266	496	216	-40	173	274
Total Gross Profit	552	613	685	886	747	943	1,541	985	855	1,195	1,517
Total Revenue	552	613	685	886	747	943	1,541	985	855	1,195	1,517
Operating Revenue	552	613	685	886	747	943	1,541	985	855	1,195	1,517
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	414	452	520	659	632	678	1,045	769	895	1,022	1,243
Selling, General & Admin Expense	61	49	68	79	77	69	82	86	106	111	121
Depreciation Expense	2.64	3.18	3.54	4.63	4.97	4.71	7.24	7.98	8.32	10	12
Other Operating Expenses / (Income)	351	400	449	575	550	604	956	675	780	900	1,110
Total Other Income / (Expense), net	6.56	5.59	186	12	33	4.40	40	0.22	11	23	54
Other Income / (Expense), net	2.09	0.51	186	12	33	4.40	40	0.22	11	23	54
Income Tax Expense	24	25	224	30	12	52	113	48	-1.63	45	68
Net Income / (Loss) Attributable to Noncontrolling Interest	87	103	97	67	31	40	58	18	-2.82	15	27
Basic Earnings per Share	$1.65	$1.83	$0.96	$3.26	$2.09	$3.16	$5.79	$2.29	($0.36)	$1.89	$3.11
Weighted Average Basic Shares Outstanding	20.02M	20.93M	30.60M	43.22M	50.37M	56.57M	63.13M	65.77M	68.50M	71.88M	75.03M
Diluted Earnings per Share	$1.55	$1.58	$0.78	$2.78	$1.89	$2.95	$5.34	$2.14	($0.36)	$1.78	$2.94
Weighted Average Diluted Shares Outstanding	21.36M	24.24M	37.68M	50.69M	55.51M	60.72M	68.44M	70.32M	68.50M	76.61M	79.23M
Weighted Average Basic & Diluted Shares Outstanding	51.57M	51.81M	53.44M	56.05M	60.65M	63.98M	67.14M	68.63M	71.16M	74.94M	77.63M

This table shows Moelis & Company's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-11	-5.66	17	13	17	89	50	42	53	88	38
Consolidated Net Income / (Loss)	-11	-6.46	17	15	19	100	54	47	60	99	42
Net Income / (Loss) Continuing Operations	-11	-6.46	17	15	19	100	54	47	60	99	42
Total Pre-Tax Income	-10	-4.20	10	22	27	138	43	64	82	138	46
Total Operating Income	-20	-9.35	5.80	20	16	132	37	61	48	128	40
Total Gross Profit	272	215	217	265	274	439	307	365	357	488	320
Total Revenue	272	215	217	265	274	439	307	365	357	488	320
Operating Revenue	272	215	217	265	274	439	307	365	357	488	320
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	292	224	212	245	258	307	270	305	309	360	279
Selling, General & Admin Expense	32	26	26	29	29	28	30	28	31	33	37
Depreciation Expense	2.01	2.29	2.38	2.43	2.80	2.83	2.78	2.76	2.98	3.36	3.49
Other Operating Expenses / (Income)	258	196	184	213	227	276	237	274	275	324	239
Total Other Income / (Expense), net	9.94	5.15	4.23	1.71	11	6.04	6.14	3.51	34	9.96	5.67
Other Income / (Expense), net	9.94	5.15	4.23	1.71	11	6.04	6.14	3.51	34	9.96	5.67
Income Tax Expense	1.29	2.26	-7.45	6.86	7.42	38	-11	17	22	39	3.87
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.64	-0.80	0.92	1.76	2.35	10	3.51	5.22	6.71	11	3.86
Basic Earnings per Share	($0.16)	($0.08)	$0.24	$0.18	$0.23	$1.24	$0.68	$0.55	$0.71	$1.17	$0.51
Weighted Average Basic Shares Outstanding	68.75M	68.50M	70.23M	72.15M	72.33M	71.88M	73.87M	75.62M	75.44M	75.03M	75.44M
Diluted Earnings per Share	($0.16)	($0.08)	$0.22	$0.17	$0.22	$1.17	$0.64	$0.53	$0.67	$1.10	$0.48
Weighted Average Diluted Shares Outstanding	68.75M	68.50M	75.10M	75.79M	76.91M	76.61M	78.56M	78.64M	79.67M	79.23M	79.48M
Weighted Average Basic & Diluted Shares Outstanding	71.15M	71.16M	74.79M	74.80M	74.92M	74.94M	78.51M	78.50M	78.32M	77.63M	78.56M

This table details how cash moves in and out of Moelis & Company's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	50	71	-106	48	-93	35	318	-313	-20	226	96
Net Cash From Operating Activities	143	232	233	391	209	429	937	33	158	427	576
Net Cash From Continuing Operating Activities	143	232	233	391	209	429	937	33	158	427	576
Net Income / (Loss) Continuing Operations	120	142	127	208	136	218	423	169	-28	151	260
Consolidated Net Income / (Loss)	120	142	127	208	136	218	423	169	-28	151	260
Depreciation Expense	2.64	3.18	3.54	4.63	4.97	4.71	7.24	7.98	8.32	10	12
Non-Cash Adjustments To Reconcile Net Income	44	73	113	127	102	173	156	168	144	153	249
Changes in Operating Assets and Liabilities, net	-24	14	-10	52	-34	33	350	-311	34	113	56
Net Cash From Investing Activities	-1.74	1.38	-69	9.28	-52	-40	-17	-11	49	17	-196
Net Cash From Continuing Investing Activities	-1.74	1.38	-69	9.28	-52	-40	-17	-11	49	17	-195
Purchase of Property, Plant & Equipment	-4.00	-2.87	-5.65	-6.92	-6.47	-41	-16	-5.96	-17	-12	-36
Purchase of Investments	-158	-121	-180	-184	-212	-391	-486	-335	-211	-169	-525
Divestitures	-	-	-	-	-	-	-	0.00	0.00	17	30
Sale and/or Maturity of Investments	160	126	116	200	167	391	485	333	276	188	336
Other Investing Activities, net	-0.02	-0.85	0.38	0.37	0.00	-0.20	0.07	-3.00	0.00	-6.58	0.00
Net Cash From Financing Activities	-90	-158	-273	-352	-253	-352	-603	-327	-229	-215	-284
Net Cash From Continuing Financing Activities	-90	-158	-273	-352	-253	-352	-603	-327	-229	-215	-284
Repayment of Debt	-	-	-	-	0.00	0.00	0.20	1.90	-0.02	0.00	-0.29
Payment of Dividends	-81	-155	-256	-314	-209	-283	-480	-175	-182	-184	-209
Other Financing Activities, net	-9.20	0.00	-4.33	-4.15	-44	-69	-123	-154	-47	-31	-75
Effect of Exchange Rate Changes	-0.74	-4.20	3.07	-0.56	2.06	-2.76	0.31	-8.39	1.80	-3.53	-0.24
Cash Income Taxes Paid	26	29	32	23	13	-0.31	55	76	-3.63	2.62	9.30

This table details how cash moves in and out of Moelis & Company's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-13	39	-83	47	-5.18	267	-228	37	58	229	-356
Net Cash From Operating Activities	140	99	-165	140	137	315	-165	204	199	339	-279
Net Cash From Continuing Operating Activities	140	99	-165	140	137	315	-165	204	199	339	-279
Net Income / (Loss) Continuing Operations	-11	-6.46	17	15	19	100	54	47	60	99	42
Consolidated Net Income / (Loss)	-11	-6.46	17	15	19	100	54	47	60	99	42
Depreciation Expense	2.01	2.29	2.38	2.43	2.80	2.83	2.78	2.76	2.98	3.36	3.49
Non-Cash Adjustments To Reconcile Net Income	26	32	63	23	36	63	75	59	6.63	108	77
Changes in Operating Assets and Liabilities, net	123	71	-248	99	80	150	-297	95	129	128	-401
Net Cash From Investing Activities	-108	-15	129	-21	-95	3.69	-6.98	-106	-73	-9.73	128
Net Cash From Continuing Investing Activities	-108	-15	129	-21	-95	3.69	-7.23	-106	-73	-9.14	127
Purchase of Property, Plant & Equipment	-4.73	-5.28	-5.37	-2.34	-2.08	-2.31	-3.10	-4.75	-19	-9.16	-13
Purchase of Investments	-115	-61	-23	-18	-129	-	-153	-104	-152	-116	-202
Sale and/or Maturity of Investments	11	51	164	-	19	6.00	148	3.00	68	116	341
Net Cash From Financing Activities	-45	-46	-48	-72	-49	-47	-57	-61	-67	-100	-204
Net Cash From Continuing Financing Activities	-45	-46	-48	-72	-49	-47	-57	-61	-67	-100	-204
Payment of Dividends	-45	-45	-39	-51	-48	-46	-45	-59	-51	-53	-55
Other Financing Activities, net	-0.76	-1.48	-8.39	-20	-1.03	-1.09	-12	-1.94	-15	-46	-149
Effect of Exchange Rate Changes	0.62	1.25	-	-	1.57	-4.96	1.38	0.12	-	-	-0.01
Cash Income Taxes Paid	-0.31	-5.94	0.60	0.65	1.04	0.33	3.41	1.40	0.90	3.60	-2.02

This table presents Moelis & Company's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	539	599	699	914	1,072	1,196	1,556	1,217	1,180	1,379	1,741
Total Current Assets	299	359	387	490	455	533	873	563	490	704	1,031
Cash & Equivalents	248	319	213	261	168	202	520	207	186	412	509
Restricted Cash	0.82	0.66	0.70	0.67	0.76	0.81	0.80	0.75	0.80	0.71	0.77
Short-Term Investments	-	-	96	144	213	212	263	265	210	185	369
Accounts Receivable	39	30	62	69	56	101	70	56	64	74	111
Prepaid Expenses	12	9.62	15	16	17	17	19	34	28	33	42
Plant, Property, & Equipment, net	8.70	8.40	10	13	14	50	59	57	64	65	90
Total Noncurrent Assets	231	231	302	412	603	613	624	597	626	609	620
Noncurrent Deferred & Refundable Income Taxes	166	168	234	403	400	424	448	430	437	411	371
Employee Benefit Assets	9.04	8.70	8.85	8.79	12	12	11	15	17	18	32
Other Noncurrent Operating Assets	-	-	-	0.00	191	177	164	152	172	180	217
Total Liabilities & Shareholders' Equity	539	599	699	914	1,072	1,196	1,556	1,217	1,180	1,379	1,741
Total Liabilities	282	347	355	543	678	752	1,077	758	817	900	1,060
Total Current Liabilities	21	14	163	224	179	245	574	255	292	380	483
Accounts Payable	21	14	18	27	16	25	70	12	33	34	44
Other Current Liabilities	-	-	145	198	163	220	504	243	260	346	439
Total Noncurrent Liabilities	261	333	191	318	499	507	504	503	525	520	577
Capital Lease Obligations	-	-	-	0.00	198	-	192	193	216	223	267
Noncurrent Deferred Revenue	7.00	2.97	4.95	7.07	3.02	2.69	4.54	7.71	4.65	5.59	9.08
Other Noncurrent Operating Liabilities	130	198	9.24	-	-	504	307	302	305	291	301
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	257	251	344	372	394	444	478	459	362	479	680
Total Preferred & Common Equity	168	212	325	404	443	480	489	444	352	442	568
Total Common Equity	168	212	325	404	443	480	489	444	352	442	568
Common Stock	191	292	488	699	873	1,053	1,281	1,414	1,575	1,732	1,913
Retained Earnings	-15	-68	-140	-238	-324	-421	-535	-561	-768	-822	-801
Treasury Stock	-7.62	-11	-23	-57	-108	-152	-256	-404	-451	-462	-536
Accumulated Other Comprehensive Income / (Loss)	0.11	-0.54	0.35	0.29	1.43	-0.20	-0.56	-4.53	-3.93	-6.73	-7.12
Noncontrolling Interest	89	40	19	-33	-49	-35	-11	14	10	38	112

This table presents Moelis & Company's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,158	989	1,018	1,120	1,012	1,051	1,153	1,206	1,343	1,517	1,289
Total Current Assets	502	313	331	425	284	342	454	500	650	789	550
Cash & Equivalents	148	135	160	147	103	150	145	185	222	282	153
Restricted Cash	0.70	0.76	0.62	0.77	0.61	0.81	0.73	0.85	0.80	0.85	0.79
Short-Term Investments	247	92	87	198	68	87	188	188	290	367	229
Accounts Receivable	64	49	52	47	85	75	88	93	103	99	125
Prepaid Expenses	42	37	32	32	28	29	31	33	34	40	42
Plant, Property, & Equipment, net	57	56	60	63	67	67	66	66	68	84	99
Total Noncurrent Assets	599	619	627	633	661	642	633	641	625	644	640
Noncurrent Deferred & Refundable Income Taxes	428	436	438	436	451	444	440	431	414	390	367
Employee Benefit Assets	18	34	28	22	42	33	26	33	36	31	58
Other Noncurrent Operating Assets	154	150	161	175	168	165	168	177	175	223	215
Total Liabilities & Shareholders' Equity	1,158	989	1,018	1,120	1,012	1,051	1,153	1,206	1,343	1,517	1,289
Total Liabilities	714	557	612	740	620	666	758	640	747	899	667
Total Current Liabilities	208	58	96	215	92	165	242	113	222	328	123
Accounts Payable	7.01	29	27	28	43	25	28	48	32	35	58
Other Current Liabilities	201	29	69	187	49	140	214	65	189	294	65
Total Noncurrent Liabilities	506	498	516	526	528	501	516	527	525	570	544
Capital Lease Obligations	-	-	201	217	212	209	211	220	219	268	267
Noncurrent Deferred Revenue	3.51	4.09	10	4.19	5.73	3.67	14	8.21	7.16	3.24	7.77
Other Noncurrent Operating Liabilities	502	494	-	305	310	288	291	299	299	299	269
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	445	432	406	380	393	384	395	566	596	619	622
Total Preferred & Common Equity	430	411	390	367	364	358	368	485	516	535	487
Total Common Equity	430	411	390	367	364	358	368	485	516	535	487
Common Stock	1,379	1,467	1,503	1,538	1,627	1,652	1,692	1,789	1,833	1,868	1,965
Retained Earnings	-537	-603	-661	-717	-799	-831	-862	-825	-838	-837	-817
Treasury Stock	-403	-448	-449	-449	-459	-460	-461	-473	-475	-490	-654
Accumulated Other Comprehensive Income / (Loss)	-9.67	-4.27	-3.99	-4.76	-4.65	-4.17	-2.09	-5.58	-4.35	-5.76	-7.32
Noncontrolling Interest	15	21	16	13	28	27	28	81	80	84	135

This table displays calculated financial ratios and metrics derived from Moelis & Company's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.38%	11.15%	11.61%	29.39%	-15.73%	26.35%	63.33%	-36.05%	-13.25%	39.75%	26.98%
EBITDA Growth	180.25%	15.86%	114.77%	-31.31%	-37.28%	260.49%	801.21%	-176.21%	-103.10%	1,091.15%	64.37%
EBIT Growth	187.93%	15.77%	116.80%	-31.94%	-38.14%	266.24%	200.39%	-157.99%	-104.49%	772.49%	67.07%
NOPAT Growth	241.76%	19.50%	-56.73%	233.44%	-46.74%	103.93%	328.08%	-170.75%	-116.76%	573.20%	62.44%
Net Income Growth	269.27%	18.01%	-10.81%	64.40%	-34.76%	60.98%	280.91%	-120.24%	-116.31%	650.56%	71.37%
EPS Growth	915.79%	1.94%	-50.63%	256.41%	-32.01%	56.08%	243.05%	-119.85%	-116.82%	594.44%	65.17%
Operating Cash Flow Growth	-31.66%	62.21%	0.69%	67.63%	-46.45%	105.06%	473.20%	-385.91%	380.31%	169.75%	34.81%
Free Cash Flow Firm Growth	99.56%	163.55%	-118.15%	638.41%	-166.72%	364.65%	54.19%	-609.57%	134.80%	-83.92%	20.75%
Invested Capital Growth	41.93%	-157.65%	79.91%	-38.01%	717.67%	-85.99%	-883.21%	1,026.86%	-88.05%	-41.94%	-34.09%
Revenue Q/Q Growth	5.93%	5.11%	-4.92%	8.46%	-1.94%	26.65%	0.19%	-18.11%	0.91%	23.06%	3.35%
EBITDA Q/Q Growth	0.42%	10.60%	58.31%	-33.08%	-61.03%	221.68%	12,430.70%	8,068.20%	-414.56%	221.75%	0.28%
EBIT Q/Q Growth	0.39%	10.72%	59.14%	-33.57%	-61.29%	233.55%	-10.11%	-36.34%	-1,747.08%	261.23%	0.13%
NOPAT Q/Q Growth	-1.47%	14.85%	-61.68%	138.89%	-25.43%	154.33%	-8.64%	-34.81%	-8,030.19%	400.31%	-1.70%
Net Income Q/Q Growth	0.40%	12.67%	-32.30%	42.13%	-17.54%	142.64%	-9.04%	-35.00%	-1,798.52%	235.29%	-0.32%
EPS Q/Q Growth	-9.88%	6.76%	-62.86%	105.93%	-14.86%	136.00%	-11.00%	-34.76%	-3,500.00%	235.85%	-2.33%
Operating Cash Flow Q/Q Growth	11.53%	15.93%	-14.57%	18.28%	25.31%	41.18%	14.68%	-267.05%	-12.71%	102.14%	4.23%
Free Cash Flow Firm Q/Q Growth	46.69%	81.64%	-137.15%	97.68%	-312.09%	4,509.97%	-102.15%	-506,605.24%	1,331.40%	3,609.45%	-1.20%
Invested Capital Q/Q Growth	-1,887.28%	-2,396.87%	-143.47%	-198.13%	0.11%	-241.74%	-6.04%	5,102.57%	-28.08%	-61.48%	-70.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	200.00%	100.00%	100.00%	100.00%	200.00%	500.00%	200.00%	100.00%	100.00%	100.00%
EBITDA Margin	25.77%	53.73%	51.69%	27.44%	20.42%	87.40%	141.13%	45.53%	-2.44%	17.28%	22.37%
Operating Margin	24.92%	26.26%	24.00%	25.60%	15.34%	56.34%	96.57%	65.80%	-4.72%	14.48%	18.06%
EBIT Margin	25.29%	52.69%	51.17%	26.92%	19.76%	85.91%	104.44%	65.86%	-3.41%	16.41%	21.59%
Profit (Net Income) Margin	21.78%	23.13%	18.48%	23.48%	18.18%	92.63%	109.82%	85.60%	-3.22%	12.68%	17.12%
Tax Burden Percent	83.45%	170.23%	36.11%	87.23%	91.99%	161.74%	315.47%	77.98%	94.40%	77.29%	79.28%
Interest Burden Percent	103.21%	206.28%	100.00%	100.00%	100.00%	201.66%	300.00%	300.00%	100.00%	100.00%	100.00%
Effective Tax Rate	16.55%	29.77%	63.89%	12.77%	8.01%	76.52%	84.53%	66.07%	0.00%	22.71%	20.72%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	119.94%	911.60%	0.00%	520.50%	-3.34%	93.66%	249.66%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	109.66%	2,371.42%	0.00%	520.46%	-3.63%	87.26%	241.03%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	-84.49%	-383.07%	0.00%	-484.50%	2.24%	-57.67%	-204.89%
Return on Equity (ROE)	55.68%	55.76%	42.48%	58.10%	35.45%	156.34%	183.35%	107.99%	-1.10%	35.99%	44.77%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-65.93%	306.09%	0.00%	-1,115.15%	153.97%	146.73%	290.76%
Operating Return on Assets (OROA)	27.81%	56.79%	53.99%	29.56%	14.85%	245.90%	38.97%	78.02%	-2.43%	15.32%	20.99%
Return on Assets (ROA)	23.95%	49.85%	19.50%	25.78%	13.66%	128.80%	92.21%	60.84%	-2.30%	11.84%	16.64%
Return on Common Equity (ROCE)	36.33%	83.32%	38.28%	59.18%	39.23%	172.10%	96.27%	35.85%	-1.07%	33.93%	38.99%
Return on Equity Simple (ROE_SIMPLE)	71.40%	133.93%	38.94%	51.44%	30.64%	182.05%	259.46%	113.85%	-7.81%	34.30%	0.00%
Net Operating Profit after Tax (NOPAT)	115	137	59	198	105	215	391	169	-28	134	217
NOPAT Margin	20.79%	44.71%	8.67%	22.33%	14.11%	22.78%	25.39%	17.10%	-3.30%	11.19%	14.31%
Net Nonoperating Expense Percent (NNEP)	1.95%	2.80%	18.10%	2.63%	10.28%	4.75%	10.40%	0.04%	0.29%	6.41%	8.62%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	25.86%	-4.89%	19.02%	22.91%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	11.07%	15.96%	9.88%	8.96%	10.30%	14.67%	26.49%	26.30%	12.45%	9.30%	7.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	75.08%	147.47%	76.00%	74.40%	84.66%	215.49%	474.67%	468.41%	104.72%	85.52%	81.94%
Earnings before Interest and Taxes (EBIT)	140	162	350	238	148	540	1,073	649	-29	196	327
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	142	165	354	243	152	550	1,631	673	-21	206	339
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.35	4.52	4.63	3.04	2.97	4.78	15.11	11.21	10.79	12.43	9.38
Price to Tangible Book Value (P/TBV)	4.35	4.52	4.63	3.04	2.97	14.40	15.11	11.21	10.79	12.43	9.38
Price to Revenue (P/Rev)	1.33	1.56	2.20	1.39	1.76	2.43	4.80	5.06	4.45	4.59	3.51
Price to Earnings (P/E)	22.11	24.94	51.22	8.74	12.52	25.74	20.24	67.97	0.00	40.34	22.87
Dividend Yield	7.04%	16.15%	14.35%	18.02%	9.08%	36.68%	23.73%	25.62%	4.49%	3.28%	3.82%
Earnings Yield	4.52%	4.01%	1.95%	11.44%	7.98%	23.59%	10.39%	6.36%	0.00%	2.48%	4.37%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	5.17	126.08	0.00	51.18	20.10	49.13	69.92
Enterprise Value to Revenue (EV/Rev)	0.94	1.02	1.69	0.89	1.45	3.92	3.98	2.13	4.25	4.31	3.19
Enterprise Value to EBITDA (EV/EBITDA)	3.63	3.78	3.27	3.25	7.10	27.33	17.13	32.70	0.00	24.95	14.24
Enterprise Value to EBIT (EV/EBIT)	3.70	3.86	3.30	3.32	7.34	20.82	11.44	46.01	0.00	26.28	14.75
Enterprise Value to NOPAT (EV/NOPAT)	4.50	5.58	19.49	4.00	10.28	34.53	7.44	27.99	0.00	38.54	22.25
Enterprise Value to Operating Cash Flow (EV/OCF)	3.61	2.69	4.96	2.02	5.17	12.96	3.11	301.63	22.90	12.05	8.38
Enterprise Value to Free Cash Flow (EV/FCFF)	6.41	2.94	0.00	3.82	0.00	5.04	10.88	0.00	2.79	24.60	19.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.50	0.00	1.60	1.26	0.60	0.47	0.39
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.50	0.00	1.60	1.26	0.60	0.47	0.39
Financial Leverage	-1.30	-2.07	-1.25	-1.08	-0.77	-2.14	-3.98	-4.34	-0.62	-0.66	-0.85
Leverage Ratio	2.32	4.47	2.18	2.25	2.59	13.53	14.91	8.87	2.92	3.04	2.69
Compound Leverage Factor	2.40	4.61	2.18	2.25	2.59	8.18	11.93	8.87	2.92	3.04	2.69
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	33.41%	0.00%	85.90%	29.58%	37.31%	31.77%	28.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	33.41%	0.00%	114.53%	29.58%	37.31%	31.77%	28.19%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	34.59%	31.50%	5.61%	-8.77%	-8.28%	-31.93%	-6.43%	11.66%	1.79%	5.38%	11.81%
Common Equity to Total Capital	65.41%	84.25%	94.39%	108.77%	74.87%	539.91%	379.73%	165.06%	60.91%	62.85%	59.99%
Debt to EBITDA	0.00	0.00	0.00	0.00	1.30	0.00	0.71	1.72	-10.35	1.08	0.79
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-1.21	0.00	-1.09	-1.25	8.73	-1.81	-1.80
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	1.30	0.00	0.71	3.44	-10.35	1.08	0.79
Debt to NOPAT	0.00	0.00	0.00	0.00	1.88	0.00	1.96	3.43	-7.64	1.67	1.23
Net Debt to NOPAT	0.00	0.00	0.00	0.00	-1.75	0.00	-1.51	-1.66	6.44	-2.80	-2.82
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	1.88	0.00	0.98	4.58	-7.64	1.67	1.23
Altman Z-Score	4.01	7.37	5.28	3.17	2.20	3.16	3.83	6.05	2.72	4.44	4.24
Noncontrolling Interest Sharing Ratio	34.75%	25.28%	9.89%	-1.86%	-10.66%	-18.06%	-25.06%	1.57%	3.01%	5.71%	12.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	14.12	50.12	2.37	2.18	2.54	4.35	3.04	4.41	1.67	1.85	2.14
Quick Ratio	13.55	48.78	2.27	2.11	2.44	10.52	2.97	8.28	1.57	1.77	2.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	80	212	-38	207	-138	366	564	-3,743	1,303	209	253
Operating Cash Flow to CapEx	3,572.67%	8,068.78%	4,129.33%	5,648.69%	3,236.54%	2,111.29%	28,521.25%	1,661.61%	949.22%	3,535.27%	1,586.28%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.10	2.16	1.06	1.10	0.75	3.99	5.60	2.13	0.71	0.93	0.97
Accounts Receivable Turnover	16.43	35.19	14.88	13.61	12.00	12.02	54.13	46.95	14.25	17.39	16.43
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	68.83	143.52	72.62	76.40	55.87	29.49	84.70	50.83	14.13	18.48	19.54
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	22.21	41.49	24.54	26.82	30.41	91.13	101.15	46.64	25.62	20.98	22.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	22.21	41.49	24.54	26.82	30.41	121.51	161.84	69.96	25.62	20.98	22.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-48	-122	-25	-34	210	59	-114	1,511	181	105	69
Invested Capital Turnover	-8.54	-12.26	-9.31	-30.27	8.50	7.89	-80.49	30.43	1.01	8.37	17.44
Increase / (Decrease) in Invested Capital	34	-75	98	-9.35	244	-151	-519	3,708	-1,331	-76	-36
Enterprise Value (EV)	516	623	1,156	791	1,083	1,843	6,138	2,100	3,629	5,151	4,831
Market Capitalization	732	958	1,506	1,229	1,316	2,293	7,392	2,365	3,801	5,488	5,331
Book Value per Share	$3.27	$4.10	$6.09	$7.19	$7.41	$7.50	$22.29	$6.48	$4.95	$5.89	$7.26
Tangible Book Value per Share	$3.27	$4.10	$6.09	$7.19	$7.41	$15.01	$14.86	$12.96	$4.95	$5.89	$7.26
Total Capital	257	251	344	372	591	1,333	1,340	1,303	578	703	948
Total Debt	0.00	0.00	0.00	0.00	198	0.00	384	193	216	223	267
Total Long-Term Debt	0.00	0.00	0.00	0.00	198	0.00	576	578	216	223	267
Net Debt	-305	-374	-369	-406	-184	-830	-1,185	-295	-182	-375	-611
Capital Expenditures (CapEx)	4.00	2.87	5.65	6.92	6.47	122	16	18	17	12	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	29	25	-87	-140	-106	-127	-970	-661	-200	-273	-330
Debt-free Net Working Capital (DFNWC)	278	345	223	266	275	576	299	923	197	324	548
Net Working Capital (NWC)	278	345	223	266	275	864	598	1,230	197	324	548
Net Nonoperating Expense (NNE)	-5.47	-4.75	-67	-10	-30	-7.12	-64	-0.17	-0.73	-18	-43
Net Nonoperating Obligations (NNO)	-305	-374	-369	-406	-184	-1,245	-592	-324	-182	-375	-611
Total Depreciation and Amortization (D&A)	2.64	3.18	3.54	4.63	4.97	14	14	24	8.32	10	12
Debt-free, Cash-free Net Working Capital to Revenue	5.30%	8.29%	-12.64%	-15.80%	-14.24%	-53.92%	-94.47%	-33.55%	-23.44%	-22.89%	-21.77%
Debt-free Net Working Capital to Revenue	50.40%	112.39%	32.64%	29.99%	36.90%	91.58%	58.27%	156.06%	23.07%	27.15%	36.15%
Net Working Capital to Revenue	50.40%	112.39%	32.64%	29.99%	36.90%	122.11%	58.27%	124.84%	23.07%	27.15%	36.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.65	$1.83	$0.96	$3.26	$2.09	$3.16	$5.79	$2.29	($0.36)	$1.89	$3.11
Adjusted Weighted Average Basic Shares Outstanding	20.02M	20.93M	30.60M	43.22M	50.37M	56.57M	126.25M	65.77M	68.50M	71.88M	75.03M
Adjusted Diluted Earnings per Share	$1.55	$1.58	$0.78	$2.78	$1.89	$2.95	$10.68	$4.28	($0.36)	$1.78	$2.94
Adjusted Weighted Average Diluted Shares Outstanding	21.36M	24.24M	37.68M	50.69M	55.51M	60.72M	136.87M	70.32M	68.50M	76.61M	79.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	51.57M	51.81M	53.44M	56.05M	60.65M	63.98M	134.28M	68.63M	71.16M	74.94M	77.63M
Normalized Net Operating Profit after Tax (NOPAT)	115	137	115	198	105	215	391	169	-28	134	217
Normalized NOPAT Margin	20.79%	44.71%	16.80%	22.33%	14.11%	68.34%	101.55%	51.31%	-3.30%	11.19%	14.31%
Pre Tax Income Margin	26.11%	54.35%	51.17%	26.92%	19.76%	114.54%	174.06%	43.91%	-3.41%	16.41%	21.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	67.30%	109.05%	202.09%	150.88%	154.16%	647.60%	226.94%	207.08%	-662.00%	121.57%	80.39%
Augmented Payout Ratio	67.38%	222.77%	211.96%	167.11%	154.16%	777.12%	453.89%	207.08%	-662.00%	121.57%	80.39%

This table displays calculated financial ratios and metrics derived from Moelis & Company's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	77,626,703.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	77,626,703.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.50
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.56%	3.71%	15.79%	47.10%	0.58%	104.17%	40.97%	38.09%	30.37%	11.22%	4.30%
EBITDA Growth	-106.79%	-106.04%	70.32%	282.32%	465.11%	7,449.69%	269.43%	176.33%	189.50%	0.68%	8.34%
EBIT Growth	-106.69%	-107.14%	1,312.82%	243.12%	364.40%	3,371.79%	329.20%	194.54%	208.76%	0.31%	7.22%
NOPAT Growth	-152.76%	-131.69%	172.44%	304.92%	180.13%	1,558.74%	355.87%	221.41%	213.90%	-3.77%	-19.52%
Net Income Growth	-139.81%	-128.51%	390.74%	212.65%	269.23%	1,644.63%	207.55%	213.35%	212.22%	-0.83%	-21.35%
EPS Growth	-143.24%	-129.63%	340.00%	200.00%	237.50%	1,562.50%	190.91%	211.76%	204.55%	-5.98%	-25.00%
Operating Cash Flow Growth	11.62%	-18.84%	-8.45%	96.70%	-2.10%	217.45%	-0.29%	45.87%	44.97%	7.42%	-68.48%
Free Cash Flow Firm Growth	65.28%	99.47%	119.48%	112.52%	91.76%	2,187.22%	-81.99%	463.97%	814.66%	-25.46%	-185.12%
Invested Capital Growth	72.39%	0.93%	-45.69%	-0.98%	8.39%	-41.94%	-4.94%	-14.95%	-12.88%	-34.09%	22.94%
Revenue Q/Q Growth	51.32%	-21.05%	1.21%	21.66%	3.47%	60.26%	-30.12%	19.17%	-2.32%	36.72%	-34.46%
EBITDA Q/Q Growth	39.23%	76.33%	749.53%	95.15%	21.69%	376.49%	-67.35%	45.97%	27.49%	65.71%	-64.87%
EBIT Q/Q Growth	33.73%	58.31%	338.61%	117.09%	22.42%	415.95%	-68.70%	48.98%	28.34%	67.61%	-66.54%
NOPAT Q/Q Growth	-108.91%	53.32%	254.54%	35.96%	-18.31%	749.88%	-51.70%	-4.14%	-20.22%	160.56%	-59.61%
Net Income Q/Q Growth	14.17%	43.14%	370.50%	-14.66%	28.95%	418.94%	-46.14%	-13.05%	28.48%	64.83%	-57.28%
EPS Q/Q Growth	5.88%	50.00%	375.00%	-22.73%	29.41%	431.82%	-45.30%	-17.19%	26.42%	64.18%	-56.36%
Operating Cash Flow Q/Q Growth	96.93%	-29.11%	-266.10%	184.83%	-1.99%	129.87%	-152.48%	223.38%	-2.60%	70.34%	-182.30%
Free Cash Flow Firm Q/Q Growth	13.36%	93.13%	4,671.05%	-95.40%	-157.01%	1,840.13%	-60.56%	44.13%	-27.76%	81.50%	-145.04%
Invested Capital Q/Q Growth	-30.02%	-28.08%	140.17%	-18.08%	-23.40%	-61.48%	293.23%	-26.71%	-21.53%	-70.86%	633.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-2.96%	-0.89%	5.70%	9.15%	10.76%	32.00%	14.95%	18.31%	23.90%	28.96%	15.53%
Operating Margin	-7.36%	-4.35%	2.67%	7.58%	5.69%	29.98%	12.04%	16.59%	13.54%	26.23%	12.66%
EBIT Margin	-3.70%	-1.96%	4.61%	8.23%	9.74%	31.35%	14.04%	17.55%	23.06%	28.28%	14.44%
Profit (Net Income) Margin	-4.18%	-3.01%	8.04%	5.64%	7.03%	22.76%	17.54%	12.80%	16.83%	20.29%	13.23%
Tax Burden Percent	112.75%	153.76%	174.31%	68.52%	72.17%	72.59%	124.90%	72.90%	72.98%	71.77%	91.63%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	-74.31%	31.48%	27.83%	27.41%	-24.90%	27.10%	27.02%	28.23%	8.38%
Return on Invested Capital (ROIC)	-21.99%	-14.48%	6.68%	14.11%	15.22%	182.14%	45.64%	50.95%	56.94%	328.39%	38.63%
ROIC Less NNEP Spread (ROIC-NNEP)	-22.40%	-14.52%	2.09%	11.03%	8.87%	180.57%	32.04%	49.36%	47.11%	326.94%	34.77%
Return on Net Nonoperating Assets (RNNOA)	35.78%	8.42%	-0.81%	-1.06%	-2.88%	-119.35%	-3.77%	-16.26%	-23.44%	-277.90%	-7.87%
Return on Equity (ROE)	13.79%	-6.06%	5.86%	13.04%	12.34%	62.79%	41.87%	34.68%	33.50%	50.48%	30.76%
Cash Return on Invested Capital (CROIC)	-53.33%	724.68%	55.45%	0.17%	2.16%	146.73%	44.62%	76.38%	100.51%	290.76%	24.74%
Operating Return on Assets (OROA)	-2.75%	-1.40%	4.08%	7.71%	8.32%	29.27%	16.25%	20.31%	25.35%	27.50%	17.70%
Return on Assets (ROA)	-3.11%	-2.15%	7.11%	5.28%	6.00%	21.25%	20.29%	14.80%	18.50%	19.73%	16.22%
Return on Common Equity (ROCE)	13.33%	-5.88%	5.51%	12.34%	11.70%	59.21%	37.08%	30.90%	29.83%	43.96%	25.15%
Return on Equity Simple (ROE_SIMPLE)	0.44%	0.00%	-3.73%	4.08%	12.29%	0.00%	38.76%	42.56%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-14	-6.54	10	14	11	95	46	44	35	92	37
NOPAT Margin	-5.15%	-3.05%	4.65%	5.20%	4.10%	21.76%	15.04%	12.10%	9.88%	18.83%	11.60%
Net Nonoperating Expense Percent (NNEP)	0.40%	0.03%	4.59%	3.08%	6.36%	1.57%	13.60%	1.58%	9.84%	1.45%	3.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.13%	-	-	-	13.59%	5.87%	5.42%	3.98%	9.70%	4.17%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	11.90%	12.24%	11.85%	10.82%	10.43%	6.40%	9.71%	7.71%	8.58%	6.68%	11.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	107.36%	104.35%	97.33%	92.42%	94.31%	70.02%	87.96%	83.41%	86.46%	73.77%	87.34%
Earnings before Interest and Taxes (EBIT)	-10	-4.20	10	22	27	138	43	64	82	138	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.07	-1.91	12	24	29	140	46	67	85	141	50
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.34	10.79	10.85	11.78	13.94	12.43	9.03	9.48	10.46	9.38	9.08
Price to Tangible Book Value (P/TBV)	8.34	10.79	10.85	11.78	13.94	12.43	9.03	9.48	10.46	9.38	9.08
Price to Revenue (P/Rev)	3.61	4.45	4.47	4.35	5.28	4.59	3.41	3.53	3.82	3.51	2.89
Price to Earnings (P/E)	3,016.13	0.00	0.00	315.81	125.10	40.34	25.77	24.70	23.87	22.87	20.00
Dividend Yield	6.96%	4.49%	4.32%	4.26%	3.50%	3.28%	4.20%	4.01%	3.58%	3.82%	4.56%
Earnings Yield	0.03%	0.00%	0.00%	0.32%	0.80%	2.48%	3.88%	4.05%	4.19%	4.37%	5.00%
Enterprise Value to Invested Capital (EV/IC)	11.73	20.10	9.28	11.85	18.48	49.13	10.43	15.49	22.36	69.92	8.77
Enterprise Value to Revenue (EV/Rev)	3.48	4.25	4.55	4.34	5.18	4.31	3.35	3.38	3.61	3.19	2.90
Enterprise Value to EBITDA (EV/EBITDA)	444.78	0.00	0.00	158.02	78.37	24.95	17.93	16.56	15.66	14.24	12.95
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	240.25	92.68	26.28	18.78	17.24	16.21	14.75	13.44
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	188.23	38.54	25.71	23.64	24.00	22.25	21.34
Enterprise Value to Operating Cash Flow (EV/OCF)	16.22	22.90	27.63	19.63	23.78	12.05	10.07	9.53	9.59	8.38	9.60
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.79	11.78	7,115.17	890.84	24.60	22.79	18.64	20.71	19.11	39.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.57	0.60	0.54	0.54	0.54	0.47	0.39	0.37	0.43	0.39	0.43
Long-Term Debt to Equity	0.57	0.60	0.54	0.54	0.54	0.47	0.39	0.37	0.43	0.39	0.43
Financial Leverage	-1.60	-0.58	-0.39	-0.10	-0.33	-0.66	-0.12	-0.33	-0.50	-0.85	-0.23
Leverage Ratio	2.76	2.92	2.43	2.62	2.93	3.04	2.31	2.44	2.63	2.69	2.10
Compound Leverage Factor	2.76	2.92	2.43	2.62	2.93	3.04	2.31	2.44	2.63	2.69	2.10
Debt to Total Capital	36.33%	37.31%	35.04%	35.24%	34.86%	31.77%	28.00%	26.86%	30.21%	28.19%	30.04%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.33%	37.31%	35.04%	35.24%	34.86%	31.77%	28.00%	26.86%	30.21%	28.19%	30.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.18%	1.79%	4.68%	4.53%	4.54%	5.38%	10.36%	9.82%	9.43%	11.81%	15.19%
Common Equity to Total Capital	61.49%	60.91%	60.28%	60.23%	60.60%	62.85%	61.64%	63.32%	60.36%	59.99%	54.77%
Debt to EBITDA	32.75	-10.35	-19.52	7.85	3.29	1.08	0.92	0.77	0.79	0.79	0.78
Net Debt to EBITDA	-19.48	8.73	-3.77	-1.10	-1.92	-1.81	-0.64	-1.04	-1.13	-1.80	-0.34
Long-Term Debt to EBITDA	32.75	-10.35	-19.52	7.85	3.29	1.08	0.92	0.77	0.79	0.79	0.78
Debt to NOPAT	-624.20	-7.64	-9.13	-71.76	7.91	1.67	1.32	1.11	1.21	1.23	1.28
Net Debt to NOPAT	371.33	6.44	-1.76	10.01	-4.60	-2.80	-0.92	-1.48	-1.73	-2.82	-0.55
Long-Term Debt to NOPAT	-624.20	-7.64	-9.13	-71.76	7.91	1.67	1.32	1.11	1.21	1.23	1.28
Altman Z-Score	2.54	2.79	3.86	3.88	4.15	4.30	4.71	4.63	4.48	3.88	4.80
Noncontrolling Interest Sharing Ratio	3.34%	3.01%	5.97%	5.37%	5.23%	5.71%	11.44%	10.91%	10.96%	12.91%	18.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.98	1.67	3.09	2.07	1.88	1.85	4.41	2.93	2.40	2.14	4.48
Quick Ratio	1.83	1.57	2.78	1.89	1.74	1.77	4.11	2.77	2.28	2.05	4.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-119	-8.20	375	17	-9.84	171	68	97	70	128	-57
Operating Cash Flow to CapEx	2,962.43%	1,881.03%	-3,074.88%	5,986.40%	6,604.72%	13,645.22%	-5,331.19%	4,296.44%	1,029.60%	3,698.47%	-2,179.81%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.71	0.88	0.94	0.85	0.93	1.16	1.16	1.10	0.97	1.23
Accounts Receivable Turnover	15.37	14.25	13.18	15.35	14.43	17.39	14.38	15.62	15.67	16.43	14.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.14	14.13	14.38	15.32	15.11	18.48	19.37	20.59	19.56	19.54	18.56
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	23.75	25.62	27.69	23.78	25.30	20.98	25.39	23.37	23.29	22.22	26.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	23.75	25.62	27.69	23.78	25.30	20.98	25.39	23.37	23.29	22.22	26.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	251	181	434	355	272	105	412	302	237	69	507
Invested Capital Turnover	4.27	4.76	1.44	2.71	3.71	8.37	3.03	4.21	5.76	17.44	3.33
Increase / (Decrease) in Invested Capital	105	1.66	-365	-3.51	21	-76	-21	-53	-35	-36	95
Enterprise Value (EV)	2,945	3,629	4,023	4,209	5,029	5,151	4,301	4,679	5,301	4,831	4,444
Market Capitalization	3,061	3,801	3,954	4,211	5,124	5,488	4,374	4,893	5,599	5,331	4,425
Book Value per Share	$5.17	$4.95	$5.19	$4.78	$4.91	$5.89	$6.47	$6.57	$6.82	$7.26	$6.27
Tangible Book Value per Share	$5.17	$4.95	$5.19	$4.78	$4.91	$5.89	$6.47	$6.57	$6.82	$7.26	$6.27
Total Capital	597	578	605	594	607	703	786	815	886	948	889
Total Debt	217	216	212	209	211	223	220	219	268	267	267
Total Long-Term Debt	217	216	212	209	211	223	220	219	268	267	267
Net Debt	-129	-182	41	-29	-123	-375	-154	-294	-382	-611	-115
Capital Expenditures (CapEx)	4.73	5.28	5.37	2.34	2.08	2.31	3.10	4.75	19	9.16	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-136	-200	21	-62	-122	-273	13	-85	-189	-330	45
Debt-free Net Working Capital (DFNWC)	210	197	192	177	212	324	386	428	461	548	427
Net Working Capital (NWC)	210	197	192	177	212	324	386	428	461	548	427
Net Nonoperating Expense (NNE)	-2.65	-0.08	-7.37	-1.17	-8.01	-4.38	-7.67	-2.56	-25	-7.15	-5.19
Net Nonoperating Obligations (NNO)	-129	-182	41	-29	-123	-375	-154	-294	-382	-611	-115
Total Depreciation and Amortization (D&A)	2.01	2.29	2.38	2.43	2.80	2.83	2.78	2.76	2.98	3.36	3.49
Debt-free, Cash-free Net Working Capital to Revenue	-16.03%	-23.44%	2.43%	-6.36%	-12.61%	-22.89%	0.98%	-6.12%	-12.86%	-21.77%	2.91%
Debt-free Net Working Capital to Revenue	24.80%	23.07%	21.75%	18.24%	21.84%	27.15%	30.10%	30.91%	31.38%	36.15%	27.92%
Net Working Capital to Revenue	24.80%	23.07%	21.75%	18.24%	21.84%	27.15%	30.10%	30.91%	31.38%	36.15%	27.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	($0.08)	$0.24	$0.18	$0.23	$1.24	$0.68	$0.55	$0.71	$1.17	$0.51
Adjusted Weighted Average Basic Shares Outstanding	68.75M	68.50M	70.23M	72.15M	72.33M	71.88M	73.87M	75.62M	75.44M	75.03M	75.44M
Adjusted Diluted Earnings per Share	($0.16)	($0.08)	$0.22	$0.17	$0.22	$1.17	$0.64	$0.53	$0.67	$1.10	$0.48
Adjusted Weighted Average Diluted Shares Outstanding	68.75M	68.50M	75.10M	75.79M	76.91M	76.61M	78.56M	78.64M	79.67M	79.23M	79.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	71.15M	71.16M	74.79M	74.80M	74.92M	74.94M	78.51M	78.50M	78.32M	77.63M	78.56M
Normalized Net Operating Profit after Tax (NOPAT)	-14	-6.54	4.06	14	11	95	26	44	35	92	37
Normalized NOPAT Margin	-5.15%	-3.05%	1.87%	5.20%	4.10%	21.76%	8.43%	12.10%	9.88%	18.83%	11.60%
Pre Tax Income Margin	-3.70%	-1.96%	4.61%	8.23%	9.74%	31.35%	14.04%	17.55%	23.06%	28.28%	14.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	11,256.36%	-662.00%	-1,290.19%	1,234.67%	404.95%	121.57%	101.17%	90.00%	77.36%	80.39%	88.08%
Augmented Payout Ratio	11,256.36%	-662.00%	-1,290.19%	1,234.67%	404.95%	121.57%	101.17%	90.00%	77.36%	80.39%	88.08%

Financials Breakdown Chart

Key Financial Trends

Moelis & Co (MC) has shown a multi-year revenue and cash-flow expansion through 2025, with notable improvements in liquidity and equity. The following bullets summarize the most important year-over-year trends from the last four years of quarterly statements (income, cash flow, and balance sheet). Items are sorted with positive items first, then neutral, then negative.

Rising revenue trend over four years: Operating revenue grew from about $207–214 million in 2022–2023 quarters to $487.9 million in Q4 2025, signaling meaningful top-line growth.
Strong quarterly cash flow from operations in 2025: Net cash from continuing operating activities was $338.7 million in Q4 2025, with $198.9 million (Q3 2025) and $204.2 million (Q2 2025) in the preceding quarters, indicating solid cash generation.
Healthy free cash flow signal in Q4 2025: After capex (~$9.16 million for PPE) and investing cash outflows, free cash flow for Q4 2025 appears to be roughly $329 million, suggesting ample cash available after investments.
Improving liquidity on the balance sheet: Cash & equivalents were about $281.6 million in Q3 2025, total current assets were around $789 million, and total current liabilities about $328 million, implying a robust liquidity position (current ratio around the low-to-mid 2s).
Equity base expanding: Total common equity rose to roughly $535.0 million by Q3 2025, up from about $484.5 million in early 2025, indicating retained earnings growth and occasional equity improvements.
One-off/non-cash items to watch: Q4 2025 includes non-cash adjustments to net income of about $108 million, which may reflect accounting adjustments rather than core operating performance.
EPS volatility with improving context: Q4 2025 basic EPS is $1.17 and diluted $1.10, vs. $1.24 (Q4 2024) and $0.71 (Q4 2023); this shows profitability but with quarterly fluctuations that investors should monitor.
Significant 2025 quarter expense load: Q4 2025 Other Operating Expenses / (Income) total $323.952 million, a large drag on quarterly profitability and a key item to monitor for ongoing profitability vs. top-line growth.
Financing outflows persisted: Net cash from financing activities was negative in Q4 2025 (around $99.5 million) and contributed to overall cash outflows, limiting the cash build from operations alone.

05/05/26 06:01 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Moelis & Company's Financials

When does Moelis & Company's fiscal year end?

According to the most recent income statement we have on file, Moelis & Company's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Moelis & Company's net income changed over the last 10 years?

Moelis & Company's net income appears to be on an upward trend, with a most recent value of $259.62 million in 2025, rising from $120.22 million in 2015. The previous period was $151.49 million in 2024. View Moelis & Company's forecast to see where analysts expect Moelis & Company to go next.

What is Moelis & Company's operating income?

Moelis & Company's total operating income in 2025 was $273.86 million, based on the following breakdown:

Total Gross Profit: $1.52 billion
Total Operating Expenses: $1.24 billion

How has Moelis & Company's revenue changed over the last 10 years?

Over the last 10 years, Moelis & Company's total revenue changed from $551.86 million in 2015 to $1.52 billion in 2025, a change of 174.9%.

How much debt does Moelis & Company have?

Moelis & Company's total liabilities were at $1.06 billion at the end of 2025, a 17.9% increase from 2024, and a 275.9% increase since 2015.

How much cash does Moelis & Company have?

In the past 10 years, Moelis & Company's cash and equivalents has ranged from $167.81 million in 2019 to $520.21 million in 2021, and is currently $508.60 million as of their latest financial filing in 2025.

How has Moelis & Company's book value per share changed over the last 10 years?

Over the last 10 years, Moelis & Company's book value per share changed from 3.27 in 2015 to 7.26 in 2025, a change of 122.3%.

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Financial statements for NYSE:MC last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Moelis & Company (MC) Financials

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Moelis & Company (MC) Financials

Annual Income Statements for Moelis & Company

Quarterly Income Statements for Moelis & Company

Annual Cash Flow Statements for Moelis & Company

Quarterly Cash Flow Statements for Moelis & Company

Annual Balance Sheets for Moelis & Company

Quarterly Balance Sheets for Moelis & Company

Annual Metrics And Ratios for Moelis & Company

Quarterly Metrics And Ratios for Moelis & Company

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Moelis & Company's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools