Moelis & Co Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Moelis & Co (MC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Moelis & Co passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Cash-Backed

2.22x

For every $1 of reported earnings, Moelis & Co generates $2.22 in operating cash flow ($576.3M OCF vs $259.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

$285.7M

YoY+55.8%

5Y CAGR+1.1%

10Y CAGR+7.4%

Moelis & Co's EBITDA was $285.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 55.8% from the prior year.

Net Income

$259.6M

YoY+71.4%

5Y CAGR+3.5%

10Y CAGR+8.0%

Moelis & Co reported $259.6M in net income in fiscal year 2025. This represents an increase of 71.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$540.0M

YoY+30.0%

5Y CAGR+6.8%

10Y CAGR+14.6%

Moelis & Co generated $540.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 30.0% from the prior year.

Cash & Debt

$508.6M

YoY+23.3%

5Y CAGR+20.2%

10Y CAGR+7.4%

Moelis & Co held $508.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

45.7%

YoY+11.4pp

5Y CAGR+0.2pp

10Y CAGR-25.7pp

Moelis & Co's ROE was 45.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 11.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$36.3M

YoY+200.4%

5Y CAGR-2.2%

10Y CAGR+24.7%

Moelis & Co invested $36.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 200.4% from the prior year.

MC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$273.9M+58.4%	$172.9M+528.6%	-$40.4M-118.7%	$216.1M-56.4%	$495.9M+86.6%	$265.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$748K
Income Tax	$67.9M+52.4%	$44.5M+2829.7%	-$1.6M-103.4%	$47.6M-58.0%	$113.3M+119.3%	$51.7M
Net Income	$259.6M+71.4%	$151.5M+650.6%	-$27.5M-116.3%	$168.7M-60.1%	$423.0M+93.6%	$218.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	$48.3M-20.3%	$60.6M+64.3%	$36.9M	N/A	$15.6M-22.4%	$20.1M+245.9%	$5.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$22.2M+27.9%	$17.4M+262.1%	-$10.7M	N/A	$7.4M+8.2%	$6.9M+192.0%	-$7.5M
Net Income	N/A	$60.1M+28.5%	$46.8M-13.1%	$53.8M	N/A	$19.2M+28.9%	$14.9M-14.7%	$17.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.7B+26.2%	$1.4B+16.9%	$1.2B-3.0%	$1.2B-21.8%	$1.6B+30.0%	$1.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$508.6M+23.3%	$412.5M+121.3%	$186.4M-9.9%	$206.8M-60.2%	$520.2M+156.9%	$202.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$82.2M+59.9%	$51.4M+0.4%	$51.2M+7.1%	$47.8M+14.2%	$41.9M-53.1%	$89.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.1B+17.9%	$899.6M+10.1%	$817.3M+7.8%	$757.9M-29.7%	$1.1B+43.3%	$752.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$568.4M+28.7%	$441.6M+25.4%	$352.1M-20.8%	$444.5M-9.1%	$489.1M+1.9%	$479.9M
Retained Earnings	-$801.2M+2.5%	-$821.6M-7.0%	-$767.6M-36.9%	-$560.7M-4.7%	-$535.3M-27.2%	-$420.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.7B+14.7%	$1.5B+13.0%	$1.3B+11.3%	$1.2B-12.5%	$1.4B+19.6%	$1.2B+9.7%	$1.1B+3.8%	$1.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$508.6M+80.6%	$281.6M+27.0%	$221.7M+20.2%	$184.5M-55.3%	$412.5M+183.8%	$145.3M-3.4%	$150.4M+46.6%	$102.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$82.2M+48.8%	$55.2M-2.3%	$56.5M+1.9%	$55.5M+7.9%	$51.4M-11.0%	$57.8M+12.0%	$51.6M+3.2%	$50.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.1B+18.0%	$898.6M+20.4%	$746.5M+16.6%	$640.5M-28.8%	$899.6M+18.7%	$758.0M+13.7%	$666.4M+7.5%	$619.7M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$568.4M+6.2%	$535.0M+3.7%	$516.0M+6.5%	$484.5M+9.7%	$441.6M+20.2%	$367.5M+2.8%	$357.5M-1.9%	$364.5M
Retained Earnings	-$801.2M+4.2%	-$836.7M+0.1%	-$837.6M-1.5%	-$825.1M-0.4%	-$821.6M+4.7%	-$862.1M-3.7%	-$831.1M-4.0%	-$799.1M

MC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$576.3M+34.8%	$427.5M+169.8%	$158.5M+380.3%	$33.0M-96.5%	$937.0M+118.3%	$429.2M
Capital Expenditures	$36.3M+200.4%	$12.1M-27.6%	$16.7M+180.3%	$6.0M-63.7%	$16.4M-59.6%	$40.7M
Free Cash Flow	$540.0M+30.0%	$415.4M+193.0%	$141.8M+424.4%	$27.0M-97.1%	$920.6M+136.9%	$388.6M
Investing Cash Flow	-$196.0M-1245.2%	$17.1M-64.8%	$48.6M+534.4%	-$11.2M+34.3%	-$17.0M+57.4%	-$40.0M
Financing Cash Flow	-$283.9M-32.0%	-$215.1M+6.1%	-$229.2M+29.9%	-$326.9M+45.7%	-$602.5M-71.3%	-$351.8M
Dividends Paid	N/A	$184.2M+1.1%	$182.2M+4.3%	$174.7M-63.6%	$480.0M+69.6%	$282.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$338.7M+70.3%	$198.9M-2.6%	$204.2M+223.4%	-$165.5M-152.5%	$315.3M+129.9%	$137.2M-2.0%	$140.0M+184.8%	-$165.0M
Capital Expenditures	$9.2M-52.6%	$19.3M+306.5%	$4.8M+53.1%	$3.1M+34.3%	$2.3M+11.3%	$2.1M-11.2%	$2.3M-56.4%	$5.4M
Free Cash Flow	$329.6M+83.6%	$179.6M-10.0%	$199.4M+218.3%	-$168.6M-153.9%	$313.0M+131.7%	$135.1M-1.8%	$137.6M+180.8%	-$170.4M
Investing Cash Flow	-$9.7M+86.7%	-$73.2M+31.0%	-$106.1M-1420.4%	-$7.0M-289.1%	$3.7M+103.9%	-$95.3M-362.2%	-$20.6M-115.9%	$129.4M
Financing Cash Flow	-$99.5M-49.4%	-$66.6M-9.0%	-$61.1M-7.7%	-$56.7M-20.8%	-$47.0M+3.4%	-$48.6M+32.4%	-$71.9M-50.9%	-$47.7M
Dividends Paid	N/A	N/A	$59.1M+31.1%	$45.1M-1.7%	$45.9M-3.6%	$47.6M-7.6%	$51.5M+31.1%	$39.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	45.7%+11.4pp	34.3%+42.1pp	-7.8%-45.8pp	38.0%-48.5pp	86.5%+41.0pp	45.5%
Return on Assets	14.9%+3.9pp	11.0%+13.3pp	-2.3%-16.2pp	13.9%-13.3pp	27.2%+8.9pp	18.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.87-0.2	2.04-0.3	2.32+0.6	1.71-0.5	2.20+0.6	1.57
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	11.2%+2.2pp	9.1%-2.0pp	11.1%	N/A	5.2%+1.1pp	4.2%-0.6pp	4.8%
Return on Assets	N/A	4.0%+0.5pp	3.5%-1.0pp	4.5%	N/A	1.7%+0.2pp	1.4%-0.3pp	1.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.87+0.2	1.68+0.2	1.45+0.1	1.32-0.7	2.04-0.0	2.06+0.2	1.86+0.2	1.70
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Moelis & Co profitable?

Yes, Moelis & Co (MC) reported a net income of $259.6M in fiscal year 2025.

What is Moelis & Co's EBITDA?

Moelis & Co (MC) had EBITDA of $285.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Moelis & Co's return on equity (ROE)?

Moelis & Co (MC) has a return on equity of 45.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Moelis & Co's free cash flow?

Moelis & Co (MC) generated $540.0M in free cash flow during fiscal year 2025. This represents a 30.0% 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 Moelis & Co's operating cash flow?

Moelis & Co (MC) generated $576.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Moelis & Co's total assets?

Moelis & Co (MC) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Moelis & Co's capital expenditures?

Moelis & Co (MC) invested $36.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Moelis & Co's debt-to-equity ratio?

Moelis & Co (MC) had a debt-to-equity ratio of 1.87 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Moelis & Co's return on assets (ROA)?

Moelis & Co (MC) had a return on assets of 14.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Moelis & Co's Piotroski F-Score?

Moelis & Co (MC) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Moelis & Co's earnings high quality?

Moelis & Co (MC) has an earnings quality ratio of 2.22x, 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.