Moelis & Company (MC) Key Metrics
MC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.04B
- Enterprise value
- $4.37B
- P/E (TTM)
- 19.0 10-yr median 17.9
- Forward P/E
- 13.4
- PEG ratio
- 1.97
- Price / sales
- 2.6 10-yr median 2.8
- Price / book
- 8.5 10-yr median 6.0
- EV / EBITDA
- 14.4 10-yr median 10.5
- Dividend yield
- 4.77% $2.60 a year
- Beta
- 1.90
MC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMC valuation Price multiples at each fiscal year-end price.
MC returns How much profit the business earns on the capital it uses.
MC per-share figures Results divided by the shares outstanding at year-end.
MC financial health Debt, liquidity and how easily interest is covered.
MC efficiency & capital use Working capital cycle and where the cash goes.
MC valuation history
MC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MC cash returned to shareholders
MC price vs earnings per share
MC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.45B | $5.66B | $3.84B | $2.70B | $4.28B | $2.84B | $1.77B | $1.74B | $1.83B | $821.8M |
| Enterprise value | $5.21B | $5.47B | $3.87B | $2.68B | $3.95B | $2.83B | $1.80B | $1.51B | $1.64B | $521.2M |
| P/E ratio | 23.4 | 41.6 | — | 17.9 | 11.7 | 15.9 | 16.9 | 12.4 | 62.2 | 21.4 |
| Price / sales | 3.6 | 4.7 | 4.5 | 2.7 | 2.8 | 3.0 | 2.4 | 2.0 | 2.7 | 1.3 |
| Price / book | 9.6 | 12.8 | 10.9 | 6.1 | 8.7 | 5.9 | 4.0 | 4.3 | 5.6 | 3.9 |
| Price / free cash flow | 10.1 | 13.6 | 27.1 | 99.8 | 4.6 | 7.3 | 8.7 | 4.5 | 8.0 | 3.6 |
| Price / operating cash flow | 9.5 | 13.2 | 24.3 | 81.8 | 4.6 | 6.6 | 8.5 | 4.5 | 7.8 | 3.6 |
| EV / sales | 3.4 | 4.6 | 4.5 | 2.7 | 2.6 | 3.0 | 2.4 | 1.7 | 2.4 | 0.8 |
| EV / EBITDA | 15.3 | 29.8 | — | 12.0 | 7.8 | 10.5 | 15.1 | 6.5 | 9.8 | 3.2 |
| EV / free cash flow | 9.6 | 13.2 | 27.3 | 99.3 | 4.3 | 7.3 | 8.9 | 3.9 | 7.2 | 2.3 |
| Earnings yield | 4.3% | 2.4% | −0.6% | 5.6% | 8.5% | 6.3% | 5.9% | 8.1% | 1.6% | 4.7% |
| Free cash flow yield | 9.9% | 7.3% | 3.7% | 1.0% | 21.5% | 13.7% | 11.4% | 22.0% | 12.5% | 27.8% |
| Dividend yield | 3.8% | 3.3% | 4.7% | 6.5% | 11.2% | 10.0% | 11.8% | 18.0% | 14.0% | 18.8% |
| Shareholder yield (dividends + buybacks) | 5.2% | 3.4% | 6.0% | 11.9% | 13.7% | 11.5% | 14.7% | 19.9% | 14.7% | 19.2% |
| Share price at fiscal year-end | $68.74 | $73.88 | $56.13 | $38.37 | $62.51 | $46.76 | $31.92 | $34.38 | $48.50 | $33.90 |
| Per share | ||||||||||
| Revenue per share | $19.14 | $15.59 | $12.48 | $14.01 | $22.51 | $15.53 | $13.45 | $17.48 | $18.17 | $25.30 |
| Earnings per share | $2.94 | $1.78 | −$0.36 | $2.14 | $5.34 | $2.95 | $1.89 | $2.78 | $0.78 | $1.58 |
| Operating cash flow per share | $7.27 | $5.58 | $2.31 | $0.47 | $13.69 | $7.07 | $3.77 | $7.71 | $6.19 | $9.55 |
| Free cash flow per share | $6.81 | $5.42 | $2.07 | $0.38 | $13.45 | $6.40 | $3.65 | $7.57 | $6.04 | $9.43 |
| Cash per share | $6.42 | $5.38 | $2.72 | $2.94 | $7.60 | $3.33 | $3.02 | $5.15 | $5.66 | $13.16 |
| Book value per share | $7.17 | $5.76 | $5.14 | $6.32 | $7.15 | $7.90 | $7.98 | $7.98 | $8.62 | $8.74 |
| Tangible book value per share | $7.16 | $5.75 | $4.89 | $0.19 | $0.56 | $0.87 | $0.76 | $0.03 | $2.41 | $1.82 |
| Dividends per share | $2.63 | $2.40 | $2.66 | $2.48 | $7.01 | $4.66 | $3.77 | $6.19 | $6.79 | $6.38 |
| Capex per share | $0.46 | $0.16 | $0.24 | $0.08 | $0.24 | $0.67 | $0.12 | $0.14 | $0.15 | $0.12 |
| Debt per share | $3.37 | $2.91 | $3.15 | $2.74 | $2.80 | $3.24 | $3.56 | $0.48 | $0.64 | $0.76 |
| Shares outstanding | 79.2M | 76.6M | 68.5M | 70.3M | 68.4M | 60.7M | 55.5M | 50.7M | 37.7M | 24.2M |
| Change in shares outstanding | +3.4% | +11.8% | −2.6% | +2.8% | +12.7% | +9.4% | +9.5% | +34.5% | +55.4% | +13.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 46.1% | 34.3% | −6.2% | 32.2% | 75.4% | 38.8% | 24.8% | 38.6% | 11.0% | 20.2% |
| Return on invested capital (ROIC) | 74.9% | 42.2% | −7.9% | 57.0% | 123.2% | 45.4% | 32.9% | 130.3% | 348.3% | — |
| Return on assets (ROA) | 14.6% | 10.6% | −2.1% | 10.8% | 26.5% | 15.8% | 10.6% | 17.4% | 4.5% | 6.7% |
| Return on tangible assets | 12.9% | 9.9% | −2.1% | 19.1% | 33.1% | 23.2% | 15.7% | 27.5% | 6.3% | 8.9% |
| Free cash flow margin | 35.6% | 34.8% | 16.6% | 2.7% | 59.8% | 41.2% | 27.2% | 43.3% | 33.2% | 37.3% |
| Income quality (OCF / net income) | 2.47 | 3.14 | — | 0.22 | 2.57 | 2.40 | 1.99 | 2.78 | 7.93 | 6.03 |
| Financial health | ||||||||||
| Total debt | $267.2M | $223.2M | $215.7M | $192.8M | $191.9M | $196.6M | $197.6M | $24.5M | $24.2M | $18.3M |
| Cash & short-term investments | $508.6M | $412.5M | $186.4M | $206.8M | $520.2M | $202.5M | $167.8M | $261.1M | $213.2M | $318.9M |
| Net debt | −$241.4M | −$189.2M | $29.3M | −$14.0M | −$328.3M | −$5.9M | $29.8M | −$236.6M | −$189.0M | −$300.6M |
| Debt / equity | 0.47 | 0.51 | 0.61 | 0.43 | 0.39 | 0.41 | 0.45 | 0.06 | 0.07 | 0.09 |
| Debt / assets | 0.15 | 0.16 | 0.18 | 0.16 | 0.12 | 0.16 | 0.18 | 0.03 | 0.03 | 0.03 |
| Net debt / EBITDA | −0.71 | −1.03 | — | −0.06 | −0.65 | −0.02 | 0.25 | −1.02 | −1.13 | −1.83 |
| Current ratio | 21.47 | 0.72 | 0.42 | 0.47 | 0.67 | 0.55 | 0.47 | 0.62 | 0.80 | 1.04 |
| Quick ratio | 21.47 | 0.72 | 0.11 | 0.47 | −0.00 | −0.00 | −0.00 | 0.62 | 0.80 | 1.04 |
| Interest coverage | — | — | — | 11.9 | 28.6 | 7.5 | 48.4 | — | — | — |
| Working capital | $591.4M | −$189.4M | −$350.8M | −$301.3M | −$294.9M | −$250.9M | −$255.9M | −$205.5M | −$70.1M | $12.1M |
| Invested capital | $327.0M | $252.4M | $381.4M | $430.5M | $160.7M | $474.1M | $472.6M | $167.7M | $135.9M | −$88.8M |
| Tangible asset value | $679.6M | $478.4M | $345.3M | $27.6M | $27.3M | $17.4M | −$6.7M | −$31.1M | $110.3M | $83.7M |
| Net current asset value | −$512.0M | −$412.7M | −$566.4M | −$494.1M | −$486.8M | −$447.5M | −$453.5M | −$212.2M | −$79.3M | $2.7M |
| Graham number | $21.79 | $15.17 | — | $17.44 | $29.29 | $22.89 | $18.43 | $22.32 | $12.31 | $17.64 |
| Graham net-net per share | −$6.82 | −$5.64 | −$7.15 | −$7.24 | −$3.06 | −$5.29 | −$6.41 | −$4.54 | −$2.53 | −$0.23 |
| Capital allocation | ||||||||||
| Dividends paid | $208.7M | $184.2M | $182.2M | $174.7M | $480.0M | $282.9M | $209.2M | $313.8M | $255.7M | $154.7M |
| Share buybacks (net) | $74.6M | $10.8M | $47.0M | $147.5M | $104.2M | $44.3M | $51.2M | $33.8M | $12.5M | $3.3M |
| Dividend payout ratio | 89.6% | 135.4% | — | 116.2% | 131.4% | 158.2% | 199.0% | 223.1% | 869.7% | 403.0% |
| Dividends + buybacks / free cash flow | 52.5% | 46.9% | 161.6% | — | 63.5% | 84.2% | 128.4% | 90.5% | 117.9% | 69.1% |
| Capex / revenue | 2.4% | 1.0% | 2.0% | 0.6% | 1.1% | 4.3% | 0.9% | 0.8% | 0.8% | 0.5% |
| Capex / operating cash flow | 6.3% | 2.8% | 10.5% | 18.1% | 1.8% | 9.5% | 3.1% | 1.8% | 2.4% | 1.2% |
| Capex / depreciation | 3.06 | 1.16 | 2.01 | 0.75 | 2.27 | 8.64 | 1.30 | 1.50 | 1.59 | 0.90 |
| Stock-based compensation / revenue | 15.2% | 13.5% | 18.5% | 13.1% | 10.9% | 14.2% | 16.6% | 13.9% | 14.1% | 12.6% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 2.0% | 15.7% | 12.6% | 8.6% | 5.4% | 8.5% | 9.5% | 8.4% | 9.1% | 8.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 22.2 | 21.0 | 25.6 | 23.3 | 20.2 | 30.4 | 30.4 | 26.8 | 24.5 | 20.7 |
| Days of inventory on hand | — | — | 95.2 | — | 179.1 | 172.6 | 168.2 | — | — | — |
| Days payables outstanding | 1,186.5 | 14.6 | 11.4 | 24.2 | 19.0 | 13.4 | 15.9 | 15.9 | 14.8 | 18.0 |
| Cash conversion cycle (days) | -1,164.2 | 6.4 | 109.4 | -0.8 | 180.3 | 189.6 | 182.7 | 10.9 | 9.7 | 2.8 |
| Receivables turnover | 16.43 | 17.39 | 14.25 | 15.65 | 18.04 | 12.02 | 12.00 | 13.61 | 14.88 | 17.60 |
| Payables turnover | 0.31 | 25.07 | 32.08 | 15.11 | 19.26 | 27.27 | 22.89 | 22.90 | 24.59 | 20.32 |
| Inventory turnover | — | — | 3.83 | — | 2.04 | 2.11 | 2.17 | — | — | — |
| Asset turnover | 0.95 | 0.93 | 0.71 | 0.71 | 1.12 | 0.83 | 0.75 | 1.10 | 1.05 | 1.08 |
| Average receivables | $92.3M | $68.7M | $60.0M | $63.0M | $85.4M | $78.5M | $62.2M | $65.1M | $46.0M | $34.9M |
| Average payables | $38.6M | $33.1M | $22.3M | $40.9M | $47.5M | $20.6M | $21.3M | $22.4M | $16.3M | $17.8M |
| Average inventory | — | — | $186.4M | — | $448.3M | $265.2M | $225.1M | — | $0 | $0 |
| Intangibles / total assets | 0.0% | 0.1% | 1.5% | 35.4% | 29.0% | 35.7% | 37.4% | 44.1% | 33.5% | 28.0% |
Computed from MC's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Moelis & traded at 23.4 times earnings, against a 10-year median of 17.9. Based on the latest twelve months, the trailing P/E is 19.0 and the forward P/E is 13.4. Moelis & earned a return on equity of 46.1% and a return on invested capital of 74.9% in fiscal 2025. It ended the year with $267.2 million of debt and $508.6 million in cash and short-term investments, a net cash position of $241.4 million. It returned $283.3 million to shareholders: $208.7 million in dividends and $74.6 million in share buybacks, 52% of free cash flow. The share count rose 226.8% from 24.2M to 79.2M over 9 years.
See the MC income statement, the MC chart for price history, or the MC stock overview for the latest quote and news.
MC key metrics FAQ
What is Moelis &'s P/E ratio?
Moelis &'s trailing P/E ratio is 19.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.4. At the end of fiscal 2025 it was 23.4, compared with a 10-year median of 17.9.
What is Moelis &'s EV/EBITDA?
Moelis &'s enterprise value was 15.3 times EBITDA at the end of fiscal 2025 (enterprise value $5.2 billion, EBITDA $339.4 million); the current EV/EBITDA is 14.4.
What is Moelis &'s return on equity?
Moelis &'s return on equity (ROE) was 46.1% in fiscal 2025: net income of $233.0 million on average shareholders' equity of $505.0 million.
What is Moelis &'s ROIC?
Moelis &'s return on invested capital was 74.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Moelis & have?
Moelis & had total debt of $267.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.47 and more cash than debt.
What is Moelis &'s dividend yield?
Moelis &'s forward dividend yield is 4.77%. Moelis & paid $208.7 million in dividends in fiscal 2025 ($2.63 per share), a payout ratio of 89.6%.
Does Moelis & buy back its shares?
Yes. Moelis & spent $74.6 million on net share repurchases in fiscal 2025 Shares outstanding changed +3.4% over the year, to 79.2M..
What is Moelis &'s free cash flow yield?
Moelis & generated $540.0 million of free cash flow in fiscal 2025, a free cash flow yield of 9.9% on its market value at year-end ($5.4 billion).
What is Moelis &'s current ratio?
Moelis &'s current ratio was 21.47 at the end of fiscal 2025: current assets were 21.47 times current liabilities.