Moody's Corporation
MCO stock analysis · Financials · Financial Exchanges & Data
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.
View share-count filing ↗Reviewed cash-flow model
Reviewed operating-business exception limited to this annual period. Moody's earns ratings and analytics fees. The annual report reconciles $2.901bn operating cash flow less $326m capital additions to $2.575bn free cash flow, supporting general operating-business proxies. Ratings regulation and securities-market demand remain business risks. Consolidated cash flow and assets include minority-owned subsidiaries; FCF yield is a consolidated ownership proxy, not an allocation to Moody's common holders. DCF and reverse DCF await a dated minority-claim bridge. Business description ↗
DCF value
Consolidated cash flow includes noncontrolling interests. A dated valuation bridge for those claims has not been reviewed, so per-share DCF and reverse DCF remain unavailable.
How this is calculated ↗Reverse DCF
Consolidated cash flow includes noncontrolling interests. A dated valuation bridge for those claims has not been reviewed, so per-share DCF and reverse DCF remain unavailable.
How this is calculated ↗Relative valuation
7 industry peers · median 24.8×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 31.9× · -21.9% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Annual basis · read assumptions below
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | — | — | — |
| 10.0% | — | — | — |
| 12.0% | — | — | — |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 7.7B | 2.5B | 2.9B | 326M | 15.8B |
| 2024-12-31 | 7.1B | 2.1B | 2.8B | 317M | 15.5B |
| 2023-12-31 | 5.9B | 1.6B | 2.2B | 271M | 14.6B |
| 2022-12-31 | 5.5B | 1.4B | 1.5B | 283M | 14.3B |
| 2021-12-31 | 6.2B | 2.2B | 2B | 139M | 14.7B |
| 2020-12-31 | 5.4B | 1.8B | 2.1B | 103M | 12.4B |
| 2019-12-31 | 4.8B | 1.4B | 1.7B | 69M | 10.3B |
| 2018-12-31 | 4.4B | 1.3B | 1.5B | 91M | 9.5B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 7.7B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-02-18 |
| netIncome | 2.5B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-18 |
| Parent/common earnings proxy | 2.5B | NetIncomeLoss | 2026-02-18 |
| cfo | 2.9B | NetCashProvidedByUsedInOperatingActivities | 2026-02-18 |
| capex | 326M | PaymentsToAcquirePropertyPlantAndEquipment | 2026-02-18 |
| operatingIncome | 3.4B | OperatingIncomeLoss | 2026-02-18 |
| assets | 15.8B | Assets | 2026-02-18 |
| equity | 4.2B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-18 |
| Parent book equity proxy | 4.1B | StockholdersEquity | 2026-02-18 |
| debt | 7B | LongTermDebt | 2026-02-18 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 2.4B | CashAndCashEquivalentsAtCarryingValue | 2026-02-18 |
| shares | 179.9M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-18 |
| dividends | 701M | PaymentsOfDividendsCommonStock | 2026-02-18 |
| buybacks | 1.6B | PaymentsForRepurchaseOfCommonStock | 2026-02-18 |
| issuance | 49M | Reviewed manual correction Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from stock-based compensation plans: 49000000 USD [us-gaap:ProceedsFromStockPlans]. All 8 financing lines reconcile exactly to reported financing cash flow -3063000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: issuance follows the separately reported common cash-inflow lines; it is not an independent verification of every gross equity transaction. | 2026-02-18 |