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Moody's MCO Net debt / EBITDA

Net debt / EBITDA at other companies

S&P Global logo
S&P GlobalSPGI
1.2×-0.4×
Fair Isaac logo
Fair IsaacFICO
+0.1×

Other financials

Income statement

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Revenue$2.1B+8.1%
Gross profit$1.5B+8.0%
Operating income$922.0M+9.0%
Net income$661.0M+5.8%
EPS (diluted)$3.73+7.8%

Balance sheet

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Cash & equivalents$1.5B-31.3%
Total debt$7.3B+2.5%
Total equity$3.0B-19.1%
Total assets$14.7B-2.4%

Cash flow

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Operating cash flow$939.0M+24.0%
CapEx$95.0M+11.8%
Free cash flow$844.0M+25.6%

Valuation

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Market cap$79.69B-7.3%
Enterprise value$85.53B-5.9%
P/E31.9×-8.9×
P/S10.1×-1.8×

Profitability

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Gross margin74.4%+1.7pp
Operating margin43.5%+3.1pp
Net margin31.7%+2.5pp

Returns & leverage

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Return on equity74.5%+16.6pp
Debt / equity2.4×+0.5×
Current ratio1.2×-0.4×

Where this comes from

Calculated from Moody's’s reported figures.

Based on the most recent quarter.

The official record: Moody's’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Moody's's net debt / EBITDA?
Moody's (MCO) reported net debt / EBITDA of 1.5× in Q1 2026.
How has Moody's's net debt / EBITDA changed year-over-year?
Moody's's net debt / EBITDA increased by 0.5% year-over-year, from 1.5× to 1.5×.
What is the long-term trend for Moody's's net debt / EBITDA?
Over 4 years (2021 to 2025), Moody's's net debt / EBITDA has grown at a -3.9% compound annual growth rate (CAGR), from 6.7× to 5.7×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.