Moodys Corp (MCO)
Financials · Financial Exchanges & Data · US stock · S&P 500 component
$491.05
▲ +10.00 (2.08%)
Fair valueFair
$486 −1.0% to fair value
$243fair band $414–$590$730
Day's range
$476.85 – $491.05
52-week range
$402.28 – $546.88
About Moodys Corp
Moody's is a provider of credit ratings and of research, data and analytics for financial markets. Its ratings agency assigns credit opinions on bonds and other debt, and it charges issuers fees when they bring securities to market. A second business sells subscription analytics, risk data and software to banks, insurers and corporations. Debt issuance volumes affect the ratings side, while subscriptions provide more recurring income.
Revenue for the last twelve months was $8.2 billion, and it grew by 12.2% a year over three years. The operating margin is 44.8%, and return on invested capital reached 31%. Net debt to EBITDA is 1.5 times. It pays a dividend with a yield of 0.8%. Its X-Ray Score is 61 out of 100. Any one measure gives only a partial picture of the business.
Price chart
52-wk range $402.28 – $546.88Volume 1,054,263Daily, split-adjusted
Vitals
Market cap$85.7B
52-week range$402.28 – $546.88
Volume (last day)1,054,263
P/E (TTM)31.2
EBIT / EV yield4.0%
Free-cash-flow yield3.5%
Dividend yield0.8%
Revenue (TTM)$8.2B
Net income (TTM)$2.8B
Operating margin44.8%
Return on capital31.4%
Debt incl. leases$7.5B
Cash & securities$1.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$486middle half of models $395 – $565
Fair
−1.0% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $491
Undervalued < $414Fair $414 – $590Overvalued > $590
P/E multiple
$509
P/B multiple
$410
P/S multiple
$491
EV/EBITDA multiple
$522
EV/EBIT multiple
$540
EV/revenue multiple
$491
10-year DCF, EBITDA exit
$599
5-year DCF, EBITDA exit
$599
10-year DCF, revenue exit
$594
5-year DCF, revenue exit
$589
10-year DCF, growth exit
$379
5-year DCF, growth exit
$348
Dividend discount, stable
$369
Dividend discount, multi-stage
$506
Earnings power value
$347
Growth the price implies
7.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
21/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.0%
Free-cash-flow yield3.5%
Fair value vs price1.0×
Growth
Strong
75/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)12.2%
EPS growth (3y)22.5%
Growth consistency100%
Profitability
Strong
80/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital31.4%
Operating margin44.8%
Gross profitability41.7%
Financial health
Strong
76/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score9 / 9
Net debt / EBITDA1.5×
Interest coverNo interest cost
Dividends
Fair
50/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.8%
Dividends vs free cash flow24%
Dividend growth10.8%
Quarterly results: last 6 quarters
+7.7%
Mar '25
+4.5%
Jun '25
+10.7%
Sep '25
+13.0%
Dec '25
+8.1%
Mar '26
+15.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.2B, diluted EPS $5.03.
Compare with peers
MSCI MSCI Inc.58 CBOE Cboe Global Markets, I...58 FDS Factset Research Syste...58 ICE Intercontinental Excha...52Other Financial Exchanges & Data companies by X-Ray Score.
SWOT analysis: Moodys Corp
Strengthsinside the company
- Return on invested capital is 31.4%, against a median of 13.0% for industry peers.
- Revenue has grown 12.2% a year over three years (median 9.7% for industry peers).
- Earnings per share have compounded at 22.5% a year over three years.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Financials as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare MCO with peers and sector
Medians of 8 Financial Exchanges & Data peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): SPGI 48, CME 42, ICE 52, NDAQ 44, MSCI 58, COIN 38.
| Metric | MCO | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 61 | 50 | 50 |
| Valuation | 21 | 29 | 52 |
| Growth | 75 | 62 | 54 |
| Profitability | 80 | 59 | 48 |
| Financial health | 76 | 48 | 50 |
| Dividends | 50 | 54 | 54 |
Sector leaders: highest X-Ray Score in Financials
MCO ranks #13 of 71 in Financials and #1 of 9 in Financial Exchanges & Data by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for MCO
Each factor is rated by where MCO stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 14 Good · 2 Average · 6 Bad of 22
Growth: 3 · 0 · 0
Profitability: 5 · 0 · 0
Financial strength: 3 · 1 · 0
Valuation: 0 · 0 · 5
Cash flow: 3 · 1 · 0
Efficiency: 0 · 0 · 1
| Factor | MCO | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +12.2% | Good beats 78% | +8.3% | – | – |
| Revenue growth, last year | +8.9% | Good beats 67% | +6.9% | +8.9% | ≈ In line |
| EPS growth, 3 years a year | +22.5% | Good beats 77% | +12.7% | – | – |
| Profitability | |||||
| Gross margin | 75.0% | Good beats 88% | 47.1% | 72.6% | ≈ In line |
| Operating margin | 44.8% | Good beats 80% | 29.1% | 40.6% | ▲ Better |
| Net margin | 34.3% | Good beats 84% | 21.8% | 29.0% | ▲ Better |
| Return on invested capital | 31.4% | Good beats 87% | 13.5% | – | – |
| Return on equity | 92.4% | Good beats 98% | 15.7% | 57.7% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | 1.5x | Average beats 41% | 1.1x | 1.8x | ▲ Better |
| Interest cover | 50.0x | Good beats 73% | 50.0x | – | – |
| Current ratio | 1.19 | Good beats 76% | 1.05 | 1.72 | ▼ Worse |
| Piotroski F-score | 9 / 9 | Good beats 92% | 7 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 30.7x | Bad beats 11% | 13.8x | 37.5x | ▲ Better |
| Price / book | 28.3x | Bad beats 2% | 2.2x | 22.7x | ▼ Worse |
| Price / sales | 10.5x | Bad beats 15% | 3.1x | 11.9x | ▲ Better |
| EV / EBITDA | 22.1x | Bad beats 12% | 10.8x | 25.7x | ▲ Better |
| Free cash flow yield | 3.5% | Bad beats 17% | 5.8% | 2.6% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 36.4% | Good beats 76% | 23.2% | 31.8% | ▲ Better |
| Cash from operations / net income | 1.19 | Average beats 44% | 1.25 | 1.18 | ≈ In line |
| Free cash flow growth, 3 years a year | +29.3% | Good beats 79% | +12.7% | – | – |
| Accruals (lower is better) | −3.6% | Good beats 79% | −1.0% | – | – |
| Efficiency | |||||
| Days sales outstanding | 86 days | Bad beats 29% | 53 days | 101 days | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 12 Good · ● 1 Average · ● 3 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 64/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.2B | $5.5B | $5.9B | $7.1B | $7.7B |
| Operating income | $2.8B | $1.9B | $2.1B | $2.9B | $3.4B |
| Net income | $2.2B | $1.4B | $1.6B | $2.1B | $2.5B |
| Operating cash flow | $2.0B | $1.5B | $2.2B | $2.8B | $2.9B |
| Operating margin | 45.7% | 34.4% | 36.1% | 40.6% | 43.4% |
| Free cash flow | $1.9B | $1.2B | $1.9B | $2.5B | $2.6B |
| Diluted EPS | $11.78 | $7.44 | $8.73 | $11.26 | $13.67 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 475.9 | Bullish |
| EMA 10 | 476.6 | Bullish |
| SMA 20 | 464.7 | Bullish |
| EMA 20 | 472.0 | Bullish |
| SMA 50 | 477.9 | Bullish |
| EMA 50 | 473.0 | Bullish |
| SMA 100 | 474.7 | Bullish |
| EMA 100 | 472.4 | Bullish |
| SMA 200 | 466.9 | Bullish |
| EMA 200 | 471.3 | Bullish |
Oscillators (daily)
| RSI (14) | 61.97 | Neutral |
| MACD (12, 26) | 3.26 | Bullish |
| Momentum (12) | 8.56 | Bullish |
| Stochastic %K (14) | 94.02 | Bearish |
| Williams %R (14) | -5.98 | Bearish |
| CCI (20) | 129.3 | Bearish |
Pivot points (classic, last session)
S3 467.4 | S2 472.1 | S1 481.6 | Pivot 486.3 | R1 495.8 | R2 500.5 | R3 510.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.03 USD
Yield on today's price
0.82%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 1.0300 | |
| 1.0300 | |
| 1.0300 | |
| 0.9400 | |
| 0.9400 | |
| 0.9400 | |
| 0.9400 | |
| 0.8500 | |
| 0.8500 | |
| 0.8500 | |
| 0.8500 | |
| 0.7700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold MCO
| ETF | Share of the fund |
|---|---|
| AKRE Akre Focus | 6.94% |
| OMAH VistaShares Target 15 Berkshire Select... | 4.59% |
| IYF iShares U.S. Financials | 1.09% |
| SPHQ Invesco S&P 500 Quality | 0.97% |
| XLF Financial Select Sector SPDR | 0.90% |
| VFH Vanguard Financials | 0.88% |
| OMFL Oppenheimer Russell 1000 Dynamic Multi... | 0.75% |
| FQAL Fidelity Quality Factor | 0.66% |
The eight funds with the largest weight in MCO among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
MCO stock splits
MCO has split its stock once since 2005. The latest was a 2-for-1 split on 19 May 2005.
Full MCO stock split history →MCO SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.