Moelis & Company MC

FinancialsInvestment Banking & Investment ServicesUnited States of America

Last close 58.59 USD on Nov 1, 2026, −12.1% year to date

Quant rating

Quant rating B Rank 264 of 799 in Financials

Growth A 46 of 799
Valuation B 150 of 799
Quality A 110 of 799
Revisions C 415 of 799
Momentum D 652 of 799

Wall Street consensus Hold (2.91)Average target 68.90 USD +17.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.6B
Enterprise value: 4.5B
52-week range: 51.14 – 78.18
3-year range: 41.55 – 81.20
Dividend yield: 4.44%
Beta (5 years): 1.87
Shares outstanding: 78.3M
Next earnings: Nov 5, 2026

About the company

Moelis & Company is a global independent investment bank that provides strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Company assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across various industry sectors. It advises clients on their critical decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, capital markets transactions, private fund raisings and secondary transactions and other corporate finance matters. It has an M&A and strategic advisory franchise advising clients on mergers, acquisitions and divestitures, spin-offs, joint ventures, fairness opinions and shareholder advisory across all sectors. For its clients seeking capital market solutions, it also structures and executes customized financing solutions and advises clients on all aspects of public and private equity and debt transactions.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,517	1,195	855	985	1,541	–
Revenue growth	27.0%	39.8%	−13.2%	−36.0%	63.3%	10.0%
EPS (basic, normalized)	2.99	1.82	−0.20	2.22	5.40	–
EPS growth	64.3%	–	–	−58.9%	–	–
Gross margin	–	–	–	–	–	–
Net margin	15.4%	11.4%	−2.9%	15.3%	23.7%	12.6%
ROE	–	39.7%	−3.7%	36.3%	84.7%	39.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	208
Current ratio	–
Long-term debt (mil)	0
Net debt (mil)	−72.0
Total equity (mil)	506
Net debt / equity	−0.14x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	1,517	+27.0%	3.0x	7.74	+45.0%	7.6x	2.99	+64.3%	19.6x
2026	1,727	+13.9%	2.6x	7.00	−9.7%	8.4x	3.04	+1.8%	19.3x
2027	2,027	+17.3%	2.2x	7.45	+6.5%	7.9x	3.84	+26.3%	15.2x
2028	2,164	+6.8%	2.1x	8.15	+9.4%	7.2x	4.25	+10.4%	13.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,727	−1.1%	−0.4%	+2.6%	3.04	−2.8%	−2.8%	−0.9%
2027	2,027	−1.6%	−0.5%	+0.9%	3.84	−1.7%	−2.5%	−2.4%
2028	2,164	−4.4%	−4.4%	−0.7%	4.25	−5.0%	−6.2%	−2.4%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	217	265	274	439	307	365	357	488	320	409
Sales mean (mil)	219	227	273	341	299	306	357	437	338	385
Surprise	−0.8%	+16.4%	+0.2%	+28.8%	+2.4%	+19.4%	0.0%	+11.7%	−5.3%	+6.2%
EPS reported	0.22	0.18	0.22	1.18	0.64	0.53	0.67	1.13	0.50	0.63
EPS mean	0.13	0.11	0.21	0.48	0.56	0.36	0.57	0.82	0.55	0.62
Surprise	+67.9%	+71.2%	+4.9%	+143.3%	+15.3%	+45.2%	+17.5%	+38.1%	−8.9%	+1.8%

Peer comparison Investment Banking & Investment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
MC Moelis & Company	4.6B	−0.25x	15.4%	9.07x	19.3x	15.2x	12.6x	9.2x
MS Morgan Stanley	288.4B	–	13.6%	2.49x	14.3x	13.5x	–	–
GS The Goldman Sachs Group, Inc.	260.5B	–	13.0%	2.08x	12.5x	12.0x	–	–
C Citigroup Inc.	203.0B	–	9.1%	0.97x	10.8x	9.5x	–	–
BLK BlackRock, Inc.	186.1B	–	22.9%	3.09x	19.8x	17.6x	14.4x	12.7x
SCHW The Charles Schwab Corporation	152.3B	–	30.4%	3.03x	13.7x	11.3x	24.3x	20.6x
Mean		−0.25x	17.4%	3.46x	15.0x	13.2x	17.1x	14.2x
Median		−0.25x	14.5%	2.76x	14.0x	12.8x	14.4x	12.7x

Technical analysis

1M+0.8%
3M−13.7%
1Y−14.4%
3Y+66.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Moelis & Company, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,517	1,195	855	985	1,541	943
Cost of revenue	–	–	–	–	–	–
Gross profit	1,517	1,195	855	985	1,541	943
Selling, general & administrative expenses	1,195	978	859	735	1,013	654
Research & development	–	–	–	–	–	–
Depreciation/amortization	11.9	10.4	8.3	8.0	7.2	4.7
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	1.1	–	–	–	–	–
Other operating expenses	34.5	33.4	27.6	26.1	24.4	18.6
Operating income	274	173	−40.4	216	496	266
Net interest income (expense)	2.8	3.4	2.8	−15.0	27.3	–
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	50.8	19.6	8.4	15.3	13.1	4.4
Net income before taxes	327	196	−29.1	216	536	270
Provision for taxes	67.9	44.5	−1.6	47.6	113	51.7
Minority interest	−26.6	−15.5	2.8	−18.3	−57.8	−39.6
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	233	136	−24.7	150	365	179
Extraordinary items	–	–	–	–	–	–
Net income	233	136	−24.7	150	365	179
EBIT, normalized	275	173	−40.4	216	496	266
EBITDA, normalized	287	183	−32.0	224	503	270
Basic EPS, normalized	2.99	1.82	−0.20	2.22	5.40	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Moelis & Company, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	509	412	186	207	520	202
Receivables	111	73.7	63.6	56.3	69.6	101
Total inventory	–	–	–	–	–	–
Prepaid expenses	42.0	32.7	28.4	33.5	18.9	16.7
Other current assets	–	–	–	–	–	–
Total current assets	–	–	–	–	–	–
Property, plant & equipment	307	246	236	209	223	227
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	369	185	210	265	263	212
Note receivable	–	–	–	–	–	–
Other long-term assets	1,065	949	734	742	1,069	758
Total assets	1,741	1,379	1,180	1,217	1,556	1,196
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	43.6	33.6	32.6	11.9	69.9	25.0
Accrued expenses	707	570	475	436	696	417
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	–	–	–	–	–	–
Total current liabilities	–	–	–	–	–	–
Long-term debt	0	0	0	0	0	0
Minority interest	112	37.8	10.3	14.4	−10.8	−35.5
Other liabilities	1,060	900	817	758	1,077	752
Total liabilities	1,172	937	828	772	1,067	716
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.9	0.9	0.8	0.8	0.7	0.7
Additional paid-in capital	1,912	1,731	1,574	1,413	1,280	1,052
Retained earnings (accumulated deficit)	−801	−822	−768	−561	−535	−421
Treasury stock	−536	−462	−451	−404	−256	−152
Other equity	−7.1	−6.7	−3.9	−4.5	−0.6	−0.2
Total equity	568	442	352	444	489	480
Total liabilities & shareholders' equity	1,741	1,379	1,180	1,217	1,556	1,196

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Moelis & Company, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	260	151	−27.5	169	423	218
Depreciation, depletion & amortization	11.9	10.4	8.3	8.0	7.2	4.7
Deferred taxes	50.0	35.1	−4.3	26.8	22.9	39.0
Non-cash items	199	150	148	141	134	134
Changes in working capital	56.1	80.8	34.0	−311	350	33.4
Cash from operations	576	427	158	33.0	937	429
Investing activities
Capital expenditures	−36.3	−12.1	−16.7	−6.0	−16.4	−40.7
Other investing cash flows	−160	29.2	65.3	−5.2	−0.6	0.7
Cash from investing	−196	17.1	48.6	−11.2	−17.0	−40.0
Financing activities
Financing cash flow items	−0.6	−20.1	0	−4.7	−18.4	−36.5
Cash dividends paid	−209	−184	−182	−175	−480	−283
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−74.6	−10.8	−47.0	−148	−104	−32.4
Cash from financing	−284	−215	−229	−327	−603	−352
Foreign exchange effects	−0.2	−3.5	1.8	−8.4	0.3	−2.8
Net change in cash	96.2	226	−20.3	−313	318	34.7
Free cash flow	540	415	142	27.0	921	389

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.