Financials · Financial Exchanges & Data · US stock · price as of 16 Oct 2026
Key indicators
Price
$485.07
52-week range
$399.61 – $543.25
Market cap
$84.6B
P/E (trailing)
30.9×
EV / EBITDA
21.7×
Free-cash-flow yield
3.5%
Dividend yield
0.8%
Revenue (last 12 months)
$8.2B
Revenue growth (3y a year)
12.2%
Operating margin
44.8%
Return on invested capital
31.4%
Net debt / EBITDA
1.5×
Fair value
Blended fair value$433.80 range $291 – $428
Versus priceFair−11% to fair value
Peer multiples
$217.29
Fundamentals-adjusted multiple
$364.18
10-year DCF (market-scaled)
$719.94
Earnings power value (floor, not blended)
$192.57
Model uncertainty
Medium
X-Ray Score
62/ 100 · High confidence · ahead of 85% of sector peers
Valuation27
Growth75
Profitability80
Financial health76
Dividends50
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Moody's is a provider of credit ratings and of research, data and analytics for financial markets. Its ratings agency assigns credit opinions on bonds and other debt, and it charges issuers fees when they bring securities to market. A second business sells subscription analytics, risk data and software to banks, insurers and corporations. Debt issuance volumes affect the ratings side, while subscriptions provide more recurring income.
Revenue for the last twelve months was $8.2 billion, and it grew by 12.2% a year over three years. The operating margin is 44.8%, and return on invested capital reached 31%. Net debt to EBITDA is 1.5 times. It pays a dividend with a yield of 0.8%. Any one measure gives only a partial picture of the business.
StocksXray gives Moodys Corp an X-Ray Score of 62 out of 100 (high confidence), ahead of 85% of the S&P 500 stocks in its sector. Its strongest lens is profitability (80) and its weakest is valuation (27).
Our fair value blend is $433.80 (range $290.73 to $427.70). At $485.07 the stock trades 12% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Moodys Corp (MCO)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$374.88
$269.91
$381.99
$466.67
$507.46
$485.07
Market cap
$70.4B
$49.9B
$70.3B
$85.3B
$91.3B
$84.6B
P/E
31.8×
36.3×
43.8×
41.4×
37.1×
30.9×
EV / revenue
12.2×
10.2×
12.7×
12.7×
12.4×
11.1×
EV / EBITDA
24.6×
25.1×
30.0×
27.2×
25.1×
21.7×
Price / free cash flow
37.7×
41.9×
37.4×
33.8×
35.5×
28.5×
Free-cash-flow yield
2.6%
2.4%
2.7%
3.0%
2.8%
3.5%
Price / book
25.8×
19.8×
21.2×
23.9×
22.5×
28.0×
Dividend yield
0.66%
1.04%
0.81%
0.73%
0.74%
0.83%
Fundamentals checklist ● 12 Good · ● 2 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.6%Good
Free-cash-flow yield3.5%Bad
Risk models
Altman Z score6.5×Good
Piotroski F-Score9 of 9Good
Growth
EPS growth (3y)22.5%Good
Free-cash-flow growth (3y)29.3%Good
Revenue growth (3y)12.2%Good
Growth consistency100%Good
Balance sheet
Current ratio1.2×Good
Net debt / EBITDA1.5×Average
Interest coverno interest costGood
Valuation
Fair value vs price0.9×Average
EBIT / EV yield4.0%Bad
Profitability
Return on invested capital31.4%Good
Operating margin44.8%Good
Gross profitability41.7%Good
XStocksXray
Moodys Corp (MCO)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
6,218
5,468
5,916
7,088
7,718
8,160
Gross profit
4,581
3,855
4,229
5,143
5,745
6,118
Operating income
2,844
1,883
2,137
2,875
3,351
3,655
Net income
2,214
1,374
1,607
2,058
2,459
2,795
Diluted EPS ($)
11.78
7.44
8.73
11.26
13.67
15.72
Free cash flow
1,866
1,191
1,880
2,521
2,575
2,967
Gross margin
73.7%
70.5%
71.5%
72.6%
74.4%
75.0%
Operating margin
45.7%
34.4%
36.1%
40.6%
43.4%
44.8%
Net margin
35.6%
25.1%
27.2%
29.0%
31.9%
34.3%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
14,680
14,349
14,622
15,505
15,830
14,675
Cash
1,811
1,769
2,130
2,408
2,384
1,467
Total debt
7,413
7,389
7,001
7,428
6,994
6,946
Equity
2,727
2,519
3,318
3,565
4,054
3,025
Dividend per share ($)
2.48
2.80
3.08
3.40
3.76
3.94
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.