Moody'S Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Moody'S Corp has an operating margin of 40.6%, meaning the company retains $41 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 36.1% the prior year.
Moody'S Corp's revenue surged 19.8% year-over-year to $7.1B, reflecting rapid business expansion. This strong growth earns a score of 85/100.
Moody'S Corp has a moderate D/E ratio of 1.89. This balance of debt and equity financing earns a leverage score of 41/100.
Moody'S Corp's current ratio of 1.47 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
Moody'S Corp converts 35.6% of revenue into free cash flow ($2.5B). This strong cash generation earns a score of 100/100.
Moody'S Corp earns a strong 57.7% return on equity (ROE), meaning it generates $58 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 48.4% the prior year.
Moody'S Corp scores 6.53, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($76.1B) relative to total liabilities ($11.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Moody'S Corp passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Moody'S Corp generates $1.38 in operating cash flow ($2.8B OCF vs $2.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Moody'S Corp (MCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Moody'S Corp generated $7.1B in revenue in fiscal year 2024. This represents an increase of 19.8% from the prior year.
Moody'S Corp's EBITDA was $3.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 31.7% from the prior year.
Moody'S Corp generated $2.5B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 34.1% from the prior year.
Moody'S Corp reported $2.1B in net income in fiscal year 2024. This represents an increase of 28.1% from the prior year.
Moody'S Corp earned $11.26 per diluted share (EPS) in fiscal year 2024. This represents an increase of 29.0% from the prior year.
Moody'S Corp held $2.4B in cash against $6.7B in long-term debt as of fiscal year 2024.
Moody'S Corp paid $3.40 per share in dividends in fiscal year 2024. This represents an increase of 10.4% from the prior year.
Moody'S Corp had 180M shares outstanding in fiscal year 2024. This represents a decrease of 1.4% from the prior year.
Moody'S Corp's gross margin was 72.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.
Moody'S Corp's operating margin was 40.6% in fiscal year 2024, reflecting core business profitability. This is up 4.4 percentage points from the prior year.
Moody'S Corp's net profit margin was 29.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.
Moody'S Corp's ROE was 57.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 9.3 percentage points from the prior year.
Moody'S Corp spent $1.3B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 163.7% from the prior year.
Moody'S Corp invested $317.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 17.0% from the prior year.
MCO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B+5.7% | $1.9B-1.4% | $1.9B+15.1% | $1.7B-8.0% | $1.8B+1.7% | $1.8B+20.7% | $1.5B+0.5% | $1.5B |
| Cost of Revenue | $492.0M+0.6% | $489.0M-0.4% | $491.0M-1.2% | $497.0M+6.0% | $469.0M+0.4% | $467.0M+10.9% | $421.0M+2.2% | $412.0M |
| Gross Profit | $1.5B+7.5% | $1.4B-1.7% | $1.4B+22.0% | $1.2B-12.8% | $1.3B+2.2% | $1.3B+24.6% | $1.1B-0.1% | $1.1B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $453.0M+2.3% | $443.0M+0.9% | $439.0M-0.7% | $442.0M-0.9% | $446.0M+8.0% | $413.0M-3.5% | $428.0M+6.2% | $403.0M |
| Operating Income | $917.0M+12.1% | $818.0M-3.3% | $846.0M+50.8% | $561.0M-27.6% | $775.0M-3.2% | $801.0M+60.8% | $498.0M-6.9% | $535.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $220.0M+14.0% | $193.0M+7.8% | $179.0M+37.7% | $130.0M-21.7% | $166.0M-5.1% | $175.0M+59.1% | $110.0M+13.4% | $97.0M |
| Net Income | $646.0M+11.8% | $578.0M-7.5% | $625.0M+58.2% | $395.0M-28.4% | $552.0M-4.3% | $577.0M+69.7% | $340.0M-12.6% | $389.0M |
| EPS (Diluted) | $3.60+12.1% | $3.21-7.2% | $3.46+60.2% | $2.16-28.5% | $3.02-4.1% | $3.15+70.3% | $1.85-12.3% | $2.11 |
MCO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.4B-0.5% | $15.5B+2.6% | $15.1B-2.6% | $15.5B+3.3% | $15.0B0.0% | $15.0B+2.7% | $14.6B+3.0% | $14.2B |
| Current Assets | $4.6B-0.9% | $4.6B+1.6% | $4.6B-13.7% | $5.3B+8.4% | $4.9B+1.6% | $4.8B+10.7% | $4.3B+7.5% | $4.0B |
| Cash & Equivalents | $2.2B+0.3% | $2.2B+1.6% | $2.1B-11.2% | $2.4B-8.6% | $2.6B+6.4% | $2.5B+16.2% | $2.1B+6.2% | $2.0B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.8B-0.1% | $1.8B-4.0% | $1.9B+2.7% | $1.8B+6.3% | $1.7B-7.7% | $1.8B+10.6% | $1.7B+9.6% | $1.5B |
| Goodwill | $6.5B-0.2% | $6.5B+3.9% | $6.2B+4.1% | $6.0B+1.7% | $5.9B-0.3% | $5.9B-0.8% | $6.0B+2.1% | $5.8B |
| Total Liabilities | $11.3B-0.7% | $11.4B+1.3% | $11.2B-4.6% | $11.8B+6.3% | $11.1B-1.8% | $11.3B+1.2% | $11.1B+2.8% | $10.8B |
| Current Liabilities | $2.5B-5.6% | $2.6B-9.3% | $2.9B-18.9% | $3.6B+11.7% | $3.2B-4.8% | $3.4B+35.3% | $2.5B+10.2% | $2.3B |
| Long-Term Debt | $7.0B+0.2% | $7.0B+2.1% | $6.8B+1.4% | $6.7B+7.6% | $6.3B-0.1% | $6.3B-10.6% | $7.0B+2.2% | $6.9B |
| Total Equity | $4.0B+0.2% | $3.9B+6.7% | $3.7B+3.8% | $3.6B-5.6% | $3.8B+5.7% | $3.6B+7.7% | $3.3B+4.0% | $3.2B |
| Retained Earnings | $17.4B+2.8% | $16.9B+2.5% | $16.5B+2.8% | $16.1B+3.8% | $15.5B+2.6% | $15.1B+2.9% | $14.7B+1.4% | $14.5B |
MCO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $743.0M+36.8% | $543.0M-28.3% | $757.0M+12.3% | $674.0M-1.7% | $686.0M-11.5% | $775.0M+62.5% | $477.0M+3.2% | $462.0M |
| Capital Expenditures | $85.0M+13.3% | $75.0M-11.8% | $85.0M+14.9% | $74.0M-20.4% | $93.0M+19.2% | $78.0M+6.8% | $73.0M+2.8% | $71.0M |
| Free Cash Flow | $658.0M+40.6% | $468.0M-30.4% | $672.0M+12.0% | $600.0M+1.2% | $593.0M-14.9% | $697.0M+72.5% | $404.0M+3.3% | $391.0M |
| Investing Cash Flow | -$54.0M+57.1% | -$126.0M-156.3% | $224.0M+223.8% | -$181.0M-90.5% | -$95.0M+1.0% | -$96.0M-77.8% | -$54.0M+40.0% | -$90.0M |
| Financing Cash Flow | -$674.0M-39.8% | -$482.0M+62.9% | -$1.3B-104.7% | -$634.0M-49.9% | -$423.0M-37.3% | -$308.0M+12.7% | -$353.0M+41.8% | -$607.0M |
| Dividends Paid | $173.0M+1.2% | $171.0M-12.3% | $195.0M+25.8% | $155.0M-0.6% | $156.0M+0.6% | $155.0M+10.7% | $140.0M-6.7% | $150.0M |
| Share Buybacks | $513.0M+80.6% | $284.0M-23.9% | $373.0M-22.3% | $480.0M+81.8% | $264.0M+120.0% | $120.0M-43.4% | $212.0M+24.7% | $170.0M |
MCO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.5%+1.3pp | 74.2%-0.2pp | 74.5%+4.2pp | 70.3%-3.9pp | 74.2%+0.3pp | 73.9%+2.3pp | 71.5%-0.5pp | 72.0% |
| Operating Margin | 45.7%+2.6pp | 43.1%-0.9pp | 44.0%+10.4pp | 33.6%-9.1pp | 42.6%-2.2pp | 44.9%+11.2pp | 33.7%-2.7pp | 36.4% |
| Net Margin | 32.2%+1.7pp | 30.4%-2.0pp | 32.5%+8.9pp | 23.6%-6.8pp | 30.4%-1.9pp | 32.3%+9.3pp | 23.0%-3.5pp | 26.4% |
| Return on Equity | 16.3%+1.7pp | 14.6%-2.2pp | 16.9%+5.8pp | 11.1%-3.5pp | 14.6%-1.5pp | 16.1%+5.9pp | 10.3%-1.9pp | 12.2% |
| Return on Assets | 4.2%+0.5pp | 3.7%-0.4pp | 4.1%+1.6pp | 2.5%-1.1pp | 3.7%-0.2pp | 3.8%+1.5pp | 2.3%-0.4pp | 2.7% |
| Current Ratio | 1.84+0.1 | 1.75+0.2 | 1.56+0.1 | 1.47-0.0 | 1.52+0.1 | 1.42-0.3 | 1.74-0.0 | 1.78 |
| Debt-to-Equity | 1.760.0 | 1.76-0.1 | 1.84-0.0 | 1.89+0.2 | 1.66-0.1 | 1.75-0.4 | 2.11-0.0 | 2.15 |
| FCF Margin | 32.8%+8.1pp | 24.7%-10.3pp | 34.9%-1.0pp | 35.9%+3.2pp | 32.6%-6.4pp | 39.0%+11.7pp | 27.3%+0.7pp | 26.6% |
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Frequently Asked Questions
What is Moody'S Corp's annual revenue?
Moody'S Corp (MCO) reported $7.1B in total revenue for fiscal year 2024. This represents a 19.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Moody'S Corp's revenue growing?
Moody'S Corp (MCO) revenue grew by 19.8% year-over-year, from $5.9B to $7.1B in fiscal year 2024.
Is Moody'S Corp profitable?
Yes, Moody'S Corp (MCO) reported a net income of $2.1B in fiscal year 2024, with a net profit margin of 29.0%.
What is Moody'S Corp's earnings per share (EPS)?
Moody'S Corp (MCO) reported diluted earnings per share of $11.26 for fiscal year 2024. This represents a 29.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Moody'S Corp's EBITDA?
Moody'S Corp (MCO) had EBITDA of $3.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Moody'S Corp have?
As of fiscal year 2024, Moody'S Corp (MCO) had $2.4B in cash and equivalents against $6.7B in long-term debt.
What is Moody'S Corp's gross margin?
Moody'S Corp (MCO) had a gross margin of 72.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Moody'S Corp's operating margin?
Moody'S Corp (MCO) had an operating margin of 40.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Moody'S Corp's net profit margin?
Moody'S Corp (MCO) had a net profit margin of 29.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Moody'S Corp pay dividends?
Yes, Moody'S Corp (MCO) paid $3.40 per share in dividends during fiscal year 2024.
What is Moody'S Corp's return on equity (ROE)?
Moody'S Corp (MCO) has a return on equity of 57.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Moody'S Corp's free cash flow?
Moody'S Corp (MCO) generated $2.5B in free cash flow during fiscal year 2024. This represents a 34.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Moody'S Corp's operating cash flow?
Moody'S Corp (MCO) generated $2.8B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Moody'S Corp's total assets?
Moody'S Corp (MCO) had $15.5B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Moody'S Corp's capital expenditures?
Moody'S Corp (MCO) invested $317.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Moody'S Corp buy back shares?
Yes, Moody'S Corp (MCO) spent $1.3B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Moody'S Corp have outstanding?
Moody'S Corp (MCO) had 180M shares outstanding as of fiscal year 2024.
What is Moody'S Corp's current ratio?
Moody'S Corp (MCO) had a current ratio of 1.47 as of fiscal year 2024, which is considered adequate.
What is Moody'S Corp's debt-to-equity ratio?
Moody'S Corp (MCO) had a debt-to-equity ratio of 1.89 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Moody'S Corp's return on assets (ROA)?
Moody'S Corp (MCO) had a return on assets of 13.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Moody'S Corp's Altman Z-Score?
Moody'S Corp (MCO) has an Altman Z-Score of 6.53, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Moody'S Corp's Piotroski F-Score?
Moody'S Corp (MCO) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Moody'S Corp's earnings high quality?
Moody'S Corp (MCO) has an earnings quality ratio of 1.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Moody'S Corp?
Moody'S Corp (MCO) scores 78 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.