NYSE : MC
Moelis & Company — Financial statements
Financials · Capital Markets · United States
Last price 59.98 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.87B
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Financial statements
Moelis & Company (MC) reported revenue of 1.57B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Underwriting & Investment Banking Fee | 1.57B | 1.52B | 1.19B | 854.75M | 985.30M | 1.54B |
| Revenue | 1.57B | 1.52B | 1.19B | 854.75M | 985.30M | 1.54B |
| Salaries & Employee Benefits | 1.03B | 1.02B | 830.15M | 714.75M | 618.20M | 913.91M |
| Cost of Services Provided | 192.31M | 179.46M | 147.59M | 143.24M | 116.94M | 99.13M |
| Other Operating Expenses | 44.79M | 34.52M | 33.41M | 27.65M | 26.09M | 24.41M |
| Total Operating Expenses | 1.28B | 1.24B | 1.02B | 893.95M | 769.20M | 1.04B |
| Operating Income | 289.65M | 273.86M | 172.94M | -39.20M | 216.10M | 495.92M |
| Other Non-Operating Income (Expenses) | 22.35M | 20.44M | 9.77M | 11.76M | 220.00K | 40.40M |
| EBT Excluding Unusual Items | 315.70M | 299.50M | 186.02M | -27.44M | 216.32M | 536.31M |
| Asset Writedown | -1.71M | |||||
| Gain (Loss) on Sale of Investments | 19.52M | 21.47M | 9.99M | |||
| Other Unusual Items | 6.50M | 6.50M | ||||
| Pretax Income | 341.72M | 327.47M | 196.01M | -29.15M | 216.32M | 536.31M |
| Income Tax Expense | 85.21M | 67.85M | 44.52M | -1.63M | 47.64M | 113.33M |
| Earnings From Continuing Ops. | 256.51M | 259.62M | 151.49M | -27.52M | 168.68M | 422.98M |
| Minority Interest in Earnings | -28.25M | -26.58M | -15.47M | 2.82M | -18.34M | -57.77M |
| Net Income | 228.26M | 233.04M | 136.02M | -24.70M | 150.34M | 365.21M |
| Net Income to Common | 228.26M | 233.04M | 136.02M | -24.70M | 150.34M | 365.21M |
| Shares Outstanding (Basic) | 74.08M | 73.42M | 70.59M | 66.68M | 127.98M | 62.65M |
| Shares Outstanding (Diluted) | 74.08M | 73.42M | 70.59M | 66.68M | 127.98M | 62.65M |
| EPS (Basic) | 3.08 | 3.17 | 1.93 | -0.37 | 1.17 | 5.83 |
| EPS (Diluted) | 3.08 | 3.17 | 1.93 | -0.37 | 1.17 | 5.83 |
| Free Cash Flow | 433.41M | 539.97M | 415.39M | 141.78M | 27.04M | 920.55M |
| Free Cash Flow Per Share | 5.85 | 7.35 | 5.88 | 2.13 | 0.21 | 14.69 |
| Dividend Per Share | 2.60 | 2.60 | 2.45 | 2.40 | 2.40 | 2.35 |
| Operating Margin | 18.40% | 18.05% | 14.48% | -4.59% | 21.93% | 32.19% |
| Profit Margin | 14.50% | 15.36% | 11.39% | -2.89% | 15.26% | 23.71% |
| Free Cash Flow Margin | 27.53% | 35.60% | 34.77% | 16.59% | 2.74% | 59.75% |
| Effective Tax Rate | 24.94% | 20.72% | 22.71% | 22.02% | 21.13% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 207.74M | 508.60M | 412.47M | 186.42M | 206.79M | 520.21M |
| Other Receivables | 45.01M | 109.24M | 71.33M | 59.21M | 46.88M | 49.53M |
| Property, Plant & Equipment | 319.66M | 306.65M | 245.82M | 235.80M | 209.49M | 223.25M |
| Other Intangible Assets | 768.00K | 954.00K | 1.15M | 1.64M | 2.87M | |
| Investments in Debt & Equity Securities | 273.38M | 340.25M | 147.92M | 162.90M | 218.08M | 219.52M |
| Restricted Cash | 877.00K | 770.00K | 712.00K | 798.00K | 745.00K | 801.00K |
| Other Current Assets | 41.19M | 31.78M | 27.23M | 31.86M | 16.02M | |
| Long-Term Deferred Tax Assets | 346.77M | 370.69M | 410.51M | 437.24M | 429.65M | 448.12M |
| Other Long-Term Assets | 147.82M | 62.54M | 57.44M | 69.01M | 71.73M | 75.36M |
| Total Assets | 1.41B | 1.74B | 1.38B | 1.18B | 1.22B | 1.56B |
| Accounts Payable | 31.25M | 43.63M | 33.60M | 32.63M | 11.93M | 69.88M |
| Accrued Expenses | 189.40M | 439.39M | 346.32M | 259.77M | 243.18M | 503.71M |
| Current Portion of Leases | 15.32M | 28.89M | ||||
| Other Current Liabilities | 38.60M | |||||
| Long-Term Leases | 247.44M | 238.27M | 223.24M | 215.68M | 192.76M | 191.89M |
| Long-Term Unearned Revenue | 13.55M | 9.08M | 5.58M | 4.65M | 7.71M | 4.54M |
| Other Long-Term Liabilities | 231.04M | 301.05M | 290.81M | 304.57M | 302.36M | 307.36M |
| Total Liabilities | 766.60M | 1.06B | 899.55M | 817.30M | 757.93M | 1.08B |
| Common Stock | 921.00K | 891.00K | 853.00K | 813.00K | 776.00K | 732.00K |
| Additional Paid-In Capital | 2.01B | 1.91B | 1.73B | 1.57B | 1.41B | 1.28B |
| Retained Earnings | -822.41M | -801.23M | -821.65M | -767.59M | -560.69M | -535.28M |
| Comprehensive Income & Other | -7.28M | -7.12M | -6.73M | -3.93M | -4.53M | -560.00K |
| Total Common Equity | 505.81M | 568.44M | 441.61M | 352.14M | 444.50M | 489.07M |
| Minority Interest | 135.76M | 111.94M | 37.78M | 10.32M | 14.44M | -10.77M |
| Shareholders' Equity | 641.56M | 680.38M | 479.38M | 362.46M | 458.94M | 478.30M |
| Total Liabilities & Equity | 1.41B | 1.74B | 1.38B | 1.18B | 1.22B | 1.56B |
| Total Debt | 262.75M | 267.15M | 223.24M | 215.68M | 192.76M | 191.89M |
| Net Cash (Debt) | -55.01M | 241.44M | 189.23M | -29.27M | 14.03M | 328.32M |
| Net Cash Per Share | -0.74 | 3.29 | 2.68 | -0.44 | 0.11 | 5.24 |
| Filing Date Shares Outstanding | 74.08M | 73.44M | 70.61M | 66.68M | 63.99M | 62.46M |
| Total Common Shares Outstanding | 74.08M | 73.42M | 70.59M | 66.68M | 63.99M | 62.65M |
| Working Capital | 45.97M | 147.88M | 136.37M | -18.74M | 31.18M | 12.97M |
| Book Value Per Share | 6.83 | 7.74 | 6.26 | 5.28 | 6.95 | 7.81 |
| Tangible Book Value | 505.81M | 567.67M | 440.65M | 350.99M | 442.86M | 486.20M |
| Tangible Book Value Per Share | 6.83 | 7.73 | 6.24 | 5.26 | 6.92 | 7.76 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 228.26M | 233.04M | 136.02M | -24.70M | 150.34M | 365.21M |
| Depreciation & Amortization, Total | 14.04M | 11.88M | 10.44M | 8.32M | 7.97M | 7.24M |
| Gain (Loss) On Sale of Investments | -19.09M | -19.09M | -6.97M | |||
| Stock-Based Compensation | 220.10M | 230.26M | 161.44M | 158.19M | 128.94M | 167.94M |
| Change in Accounts Receivable | -15.71M | -31.24M | -1.83M | -4.01M | -20.32M | 26.94M |
| Change in Accounts Payable | 8.45M | 18.23M | 21.00K | 23.74M | -45.04M | 52.87M |
| Change in Other Net Operating Assets | -42.28M | 65.68M | 81.71M | 17.44M | -249.08M | 268.62M |
| Other Operating Activities | 85.22M | 63.35M | 44.07M | -18.48M | 54.32M | 44.28M |
| Operating Cash Flow | 488.34M | 576.30M | 427.49M | 158.47M | 32.99M | 936.98M |
| Capital Expenditures | -54.93M | -36.33M | -12.09M | -16.70M | -5.96M | -16.43M |
| Investment in Securities | 12.09M | -159.05M | 35.78M | 65.27M | -2.23M | -658.00K |
| Other Investing Activities | -4.52M | -595.00K | -6.58M | -3.00M | 70.00K | |
| Investing Cash Flow | -47.36M | -195.97M | 17.11M | 48.57M | -11.18M | -17.01M |
| Repurchase of Common Stock | -202.09M | -74.59M | -10.84M | -47.00M | -147.54M | -104.15M |
| Common Dividends Paid | -217.25M | -208.70M | -168.98M | -160.34M | -154.95M | -416.44M |
| Other Financing Activities | -32.49M | -602.00K | -35.29M | -21.83M | -24.41M | -81.95M |
| Financing Cash Flow | -451.83M | -283.90M | -215.10M | -229.17M | -326.90M | -602.54M |
| Foreign Exchange Rate Adjustments | -3.04M | -243.00K | -3.53M | 1.80M | -8.38M | 305.00K |
| Net Cash Flow | -13.90M | 96.19M | 225.96M | -20.32M | -313.48M | 317.73M |
| Free Cash Flow | 433.41M | 539.97M | 415.39M | 141.78M | 27.04M | 920.55M |
| Free Cash Flow Margin | 27.53% | 35.60% | 34.77% | 16.59% | 2.74% | 59.75% |
| Free Cash Flow Per Share | 5.85 | 7.35 | 5.88 | 2.13 | 0.21 | 14.69 |
| Cash Income Tax Paid | 31.59M | 9.30M | 2.62M | -3.62M | 76.42M | 55.19M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.75B | 5.09B | 5.22B | 3.74B | 2.45B | 3.81B |
| Last Close Price | 58.59 | 66.73 | 68.88 | 50.23 | 32.43 | 50.02 |
| PE Ratio | 19.02 | 21.83 | 38.34 | 16.32 | 10.44 | |
| PS Ratio | 3.02 | 3.35 | 4.37 | 4.38 | 2.49 | 2.47 |
| PB Ratio | 8.58 | 7.48 | 10.88 | 10.32 | 5.35 | 7.97 |
| P/FCF Ratio | 10.97 | 9.42 | 12.55 | 26.39 | 90.78 | 4.14 |
| P/OCF Ratio | 9.73 | 8.83 | 12.20 | 23.61 | 74.39 | 4.07 |
| Debt / Equity Ratio | 0.41 | 0.39 | 0.47 | 0.59 | 0.42 | 0.40 |
| Debt / FCF Ratio | 0.61 | 0.49 | 0.54 | 1.52 | 7.13 | 0.21 |
| Net Debt / Equity Ratio | 0.09 | -0.35 | -0.40 | 0.08 | -0.03 | -0.69 |
| Net Debt / FCF Ratio | 0.13 | -0.45 | -0.46 | 0.21 | -0.52 | -0.36 |
| Asset Turnover | 1.14 | 0.97 | 0.93 | 0.71 | 0.71 | 1.12 |
| Quick Ratio | 1.16 | 1.21 | 1.27 | 0.84 | 0.99 | 0.99 |
| Current Ratio | 1.17 | 1.29 | 1.36 | 0.94 | 1.12 | 1.02 |
| Return on Equity (ROE) | 41.45% | 44.77% | 35.99% | -6.70% | 36.00% | 91.68% |
| Return on Assets (ROA) | 18.65% | 16.64% | 11.84% | -2.30% | 12.17% | 30.74% |
| Return on Invested Capital (ROIC) | 24.24% | 26.31% | 20.87% | -6.38% | 25.50% | 59.66% |
| Earnings Yield | 5.26% | 4.58% | 2.61% | -0.66% | 6.13% | 9.58% |
| FCF Yield | 9.12% | 10.62% | 7.96% | 3.79% | 1.10% | 24.15% |
| Dividend Yield | 4.44% | 3.75% | 3.32% | 4.28% | 6.26% | 3.86% |
| Payout Ratio | 84.38% | 89.56% | 124.23% | 103.06% | 114.03% | |
| Buyback Yield / Dilution | 0.13% | -4.01% | -5.87% | 47.90% | -104.28% | -7.96% |
| Total Shareholder Return | 4.57% | -0.26% | -2.56% | 52.18% | -98.02% | -4.09% |