13 years of historical data (2012–2024) · Financial Services · Financial - Capital Markets
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Moelis & Company trades at 33.3x earnings, 53% above its 5-year average of 21.7x, sitting at the 78th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a premium of 142%. On a free-cash-flow basis, the stock trades at 10.6x P/FCF, 65% below the 5-year average of 30.5x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $5.7B | $3.8B | $2.7B | $4.3B | $2.8B | $1.8B | $1.7B | $1.8B | $822M | $623M |
| Enterprise Value | $4.2B | $5.5B | $3.9B | $2.7B | $3.9B | $2.8B | $1.8B | $1.5B | $1.6B | $521M | $375M |
| P/E Ratio → | 33.35 | 41.51 | — | 17.93 | 11.71 | 15.85 | 16.89 | 12.37 | 62.18 | 21.46 | 18.83 |
| P/S Ratio | 3.68 | 4.74 | 4.50 | 2.74 | 2.78 | 3.01 | 2.37 | 1.97 | 2.67 | 1.34 | 1.13 |
| P/B Ratio | 9.49 | 11.81 | 10.61 | 5.88 | 8.94 | 6.39 | 4.50 | 4.69 | 5.31 | 3.27 | 2.42 |
| P/FCF | 10.57 | 13.63 | 27.12 | 99.80 | 4.65 | 7.31 | 8.74 | 4.54 | 8.03 | 3.60 | 4.51 |
| P/OCF | 10.28 | 13.24 | 24.26 | 81.78 | 4.57 | 6.62 | 8.47 | 4.46 | 7.84 | 3.55 | 4.38 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Moelis & Company's enterprise value stands at 22.9x EBITDA, 52% above its 5-year average of 15.0x. The Financial Services sector median is 11.1x, placing the stock at a 107% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.58 | 4.53 | 2.72 | 2.56 | 3.00 | 2.41 | 1.70 | 2.39 | 0.85 | 0.68 |
| EV / EBITDA | 22.92 | 29.83 | — | 11.98 | 7.85 | 10.48 | 15.08 | 6.51 | 9.76 | 3.17 | 2.68 |
| EV / EBIT | 24.30 | 31.63 | — | 12.42 | 7.96 | 10.66 | 15.73 | 6.64 | 9.97 | 3.24 | 2.73 |
| EV / FCF | — | 13.17 | 27.33 | 99.28 | 4.29 | 7.29 | 8.88 | 3.92 | 7.20 | 2.28 | 2.71 |
Margins and return-on-capital ratios measuring operating efficiency
Moelis & Company earns an operating margin of 14.5%, below the Financial Services sector average of 21.9%. Operating margins have compressed from 21.9% to 14.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 32.3% is exceptionally high — well above the sector median of 9.1%. ROIC of 20.3% represents excellent returns on invested capital versus a sector median of 5.4%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 16.4% | 37.3% | 40.7% | 40.5% | 34.6% | 42.0% | 41.4% | 41.2% | 43.6% |
| Operating Margin | 14.5% | 14.5% | -4.7% | 21.9% | 32.2% | 28.2% | 15.3% | 25.6% | 24.0% | 26.3% | 24.9% |
| Net Profit Margin | 11.4% | 11.4% | -2.9% | 15.3% | 23.7% | 19.0% | 14.1% | 15.9% | 4.3% | 6.3% | 6.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 32.3% | 32.3% | -6.0% | 32.1% | 79.2% | 42.7% | 27.5% | 39.3% | 9.9% | 15.1% | 15.3% |
| ROA | 10.6% | 10.6% | -2.1% | 10.8% | 26.5% | 15.8% | 10.6% | 17.4% | 4.5% | 6.7% | 6.6% |
| ROIC | 20.3% | 20.3% | -4.9% | 24.5% | 56.7% | 32.3% | 17.4% | 44.5% | 38.6% | 45.8% | 47.8% |
| ROCE | 27.0% | 27.0% | -6.6% | 32.7% | 75.6% | 43.1% | 23.6% | 62.0% | 53.5% | 61.1% | 61.1% |
Solvency and debt-coverage ratios — lower is generally safer
Moelis & Company carries a Debt/EBITDA ratio of 1.2x, which is manageable (70% below the sector average of 4.1x). The company holds a net cash position — cash of $412M exceeds total debt of $223M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.47 | 0.47 | 0.60 | 0.42 | 0.40 | 0.44 | 0.50 | 0.07 | 0.07 | 0.07 | — |
| Debt / EBITDA | 1.22 | 1.22 | — | 0.86 | 0.38 | 0.73 | 1.65 | 0.11 | 0.14 | 0.11 | — |
| Net Debt / Equity | — | -0.39 | 0.08 | -0.03 | -0.69 | -0.01 | 0.08 | -0.64 | -0.55 | -1.20 | -0.96 |
| Net Debt / EBITDA | -1.03 | -1.03 | — | -0.06 | -0.65 | -0.02 | 0.25 | -1.02 | -1.13 | -1.83 | -1.77 |
| Debt / FCF | — | -0.46 | 0.21 | -0.52 | -0.36 | -0.02 | 0.15 | -0.62 | -0.83 | -1.32 | -1.79 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($412M) exceeds total debt ($223M)
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.72x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.47x to 0.72x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.72 | 0.72 | 0.42 | 0.47 | 0.67 | 0.55 | 0.47 | 0.62 | 0.80 | 1.04 | 1.06 |
| Quick Ratio | 0.72 | 0.72 | 0.42 | 0.47 | 0.67 | 0.55 | 0.47 | 0.62 | 0.80 | 1.04 | 1.06 |
| Cash Ratio | 0.61 | 0.61 | 0.31 | 0.37 | 0.59 | 0.36 | 0.35 | 0.49 | 0.62 | 0.94 | 0.91 |
| Asset Turnover | — | 0.87 | 0.72 | 0.81 | 0.99 | 0.79 | 0.70 | 0.97 | 0.98 | 1.02 | 1.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Moelis & Company returns 0.3% to shareholders annually — split between a 0.1% dividend yield and 0.2% buyback yield. The payout ratio of 2.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | 4.7% | 6.5% | 11.2% | 10.0% | 11.8% | 18.0% | 14.0% | 18.8% | 13.0% |
| Payout Ratio | 2.3% | 2.3% | — | 116.2% | 131.4% | 158.2% | 199.0% | 223.1% | 869.7% | 403.0% | 244.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 2.4% | — | 5.6% | 8.5% | 6.3% | 5.9% | 8.1% | 1.6% | 4.7% | 5.3% |
| FCF Yield | 9.5% | 7.3% | 3.7% | 1.0% | 21.5% | 13.7% | 11.4% | 22.0% | 12.5% | 27.8% | 22.2% |
| Buyback Yield | 0.2% | 0.2% | 1.2% | 5.5% | 2.4% | 1.6% | 2.9% | 1.9% | 0.7% | 0.4% | 1.2% |
| Total Shareholder Yield | 0.3% | 0.2% | 6.0% | 11.9% | 13.7% | 11.5% | 14.7% | 19.9% | 14.7% | 19.2% | 14.2% |
| Shares Outstanding | — | $77M | $69M | $70M | $68M | $61M | $56M | $51M | $38M | $24M | $21M |
Compare MC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| MCYou | $4B | 33.3 | 22.9 | 10.6 | 100.0% | 14.5% | 32.3% | 20.3% | 1.2 |
| GS | $267B | 21.2 | 33.8 | — | 41.1% | 14.5% | 12.0% | 1.9% | 29.7 |
| MS | $265B | 20.9 | 24.2 | — | 55.6% | 17.1% | 13.0% | 2.9% | 15.8 |
| EVR | $27B | 34.0 | 50.5 | 28.1 | 99.4% | 17.8% | 20.3% | 14.6% | 1.7 |
| NMR | $27B | 12.7 | 56.2 | — | 36.9% | 10.5% | 9.7% | 1.0% | 58.7 |
| JEF | $9B | 15.7 | -3.5 | 27.5 | 59.7% | 6.3% | 6.8% | 2.4% | 2.0 |
| PIPR | $5B | 28.9 | 18.6 | 16.6 | 99.6% | 14.7% | 13.3% | 11.0% | 0.4 |
| LAZ | $5B | 18.9 | 13.3 | 6.8 | 35.1% | 12.5% | 41.9% | 10.2% | 5.2 |
| HLI | $3B | 28.1 | 3.7 | 3.1 | 38.5% | 21.0% | 19.9% | 15.5% | 0.8 |
| PWP | $434M | -15.2 | — | 2.1 | 40.1% | -8.9% | -26.0% | -13.7% | — |
| MDBH | $16M | 1.2 | — | — | -803.2% | -1289.4% | 21.8% | -38.9% | — |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonMoelis & Company's current P/E ratio is 33.3x. The historical average is 24.3x. This places it at the 78th percentile of its historical range.
Moelis & Company's current EV/EBITDA is 22.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
Moelis & Company's return on equity (ROE) is 32.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 26.0%.
Based on historical data, Moelis & Company is trading at a P/E of 33.3x. This is at the 78th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Moelis & Company's current dividend yield is 0.07% with a payout ratio of 2.3%.
Moelis & Company has 100.0% gross margin and 14.5% operating margin. Operating margin between 10-20% is typical for established companies.
Moelis & Company's Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.