What are Moody's's profit margins?

Moody's (MCO) runs a 74.4% gross margin and a 43.5% operating margin, with a 31.7% net margin.

Where do Moody's's ratios come from?

Every ratio is computed from Moody's's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Moody's MCO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	74.4%0.0pp	74.4%+0.7pp	73.8%+1.0pp	72.8%0.0pp	72.8%+0.2pp
Operating margin	43.5%+0.1pp	43.4%+1.5pp	41.9%+1.3pp	40.6%+0.1pp	40.4%-0.2pp
Net margin	31.7%-0.2pp	31.9%+1.9pp	29.9%+0.7pp	29.2%0.0pp	29.1%+0.1pp
EBITDA margin	49.7%+0.1pp	49.6%+1.5pp	48.1%+1.4pp	46.8%+0.2pp	46.6%-0.1pp
Free cash flow margin	34.9%+1.5pp	33.4%+1.4pp	32%-0.5pp	32.4%-2.1pp	34.5%-1.0pp
Returns
Return on equity	74.5%+10.0pp	64.5%+7.5pp	57.1%+1.9pp	55.2%-2.7pp	57.9%-1.9pp
Return on assets	16.7%+1.0pp	15.7%+1.3pp	14.4%+0.4pp	14%0.0pp	14%+0.3pp
Return on invested capital	30.6%+1.1pp	29.4%+3.5pp	26%+0.2pp	25.8%-0.4pp	26.1%+1.1pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Liquidity
Current ratio	1.2×-0.6×	1.7×-0.1×	1.8×+0.1×	1.8×+0.2×	1.6×+0.1×
Quick ratio	1.2×-0.6×	1.7×-0.1×	1.8×+0.1×	1.8×+0.2×	1.6×+0.1×
Cash ratio	0.4×-0.4×	0.8×-0.1×	0.9×+0.1×	0.8×+0.1×	0.7×+0.1×
Leverage
Debt-to-equity	2.4×+0.6×	1.8×0.0×	1.9×0.0×	1.8×-0.1×	1.9×-0.2×
Debt-to-assets	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Net debt / EBITDA	1.5×+0.2×	1.3×-0.1×	1.4×-0.1×	1.5×0.0×	1.5×-0.1×
Per Share
Book value per share	$16.89-25.1%	$22.53+2.3%	$22.03+0.5%	$21.91+7.0%	$20.48+4.9%
Valuation
Market capitalization	$77.65B-14.8%	$91.14B+6.6%	$85.46B-2.9%	$87.99B+5.0%	$83.77B-2.4%
Enterprise value	$83.5B-13.1%	$96.1B+6.0%	$90.64B-2.6%	$93.1B+4.9%	$88.77B-2.6%
Price / earnings	31.1×-5.9×	37.1×-1.0×	38.1×-3.2×	41.3×+1.5×	39.8×-1.9×
Price / sales	9.9×-1.9×	11.8×+0.4×	11.4×-0.6×	12×+0.4×	11.6×-0.5×
Price / book	25.9×+3.5×	22.5×+0.9×	21.6×-0.7×	22.3×-0.4×	22.6×-1.4×
EV / EBITDA	21.3×-3.8×	25.1×0.0×	25.1×-2.1×	27.2×+0.9×	26.4×-1.2×
EV / sales	10.6×-1.8×	12.5×+0.4×	12.1×-0.7×	12.7×+0.5×	12.3×-0.6×
Free cash flow yield	3.5%+0.7pp	2.8%0.0pp	2.8%+0.1pp	2.7%-0.3pp	3%0.0pp
Earnings yield	3.2%+0.5pp	2.7%+0.1pp	2.6%+0.2pp	2.4%-0.1pp	2.5%+0.1pp
Dividend yield	0.9%+0.1pp	0.8%0.0pp	0.8%0.0pp	0.8%0.0pp	0.8%+0.1pp
PEG ratio	1.7×-0.2×	1.9×-1.3×	3.2×+0.4×	2.8×+1.2×	1.6×+0.1×

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Questions, answered.

What are Moody's's profit margins?: Moody's (MCO) runs a 74.4% gross margin and a 43.5% operating margin, with a 31.7% net margin.
Where do Moody's's ratios come from?: Every ratio is computed from Moody's's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.