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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	295.4%+1.7pp	293.7%+1.9pp	291.8%+0.9pp	291%-0.2pp	291.2%+0.4pp
Operating margin	169.4%+3.1pp	166.3%+2.9pp	163.4%+1.1pp	162.3%+0.7pp	161.6%+2.2pp
Net margin	122.6%+2.5pp	120.1%+2.8pp	117.3%+0.9pp	116.4%+0.8pp	115.6%+2.1pp
EBITDA margin	194.3%+3.2pp	191.1%+3.0pp	188.1%+1.3pp	186.8%+0.8pp	185.9%+2.1pp
Free cash flow margin	132.7%+0.3pp	132.3%-2.2pp	134.5%-1.7pp	136.3%+0.6pp	135.6%+1.8pp
Returns
Return on equity	251.4%+16.6pp	234.7%+4.7pp	230%+0.6pp	229.3%+1.5pp	227.8%+5.8pp
Return on assets	60.8%+2.7pp	58.1%+2.0pp	56%+1.0pp	55%+1.5pp	53.5%+2.7pp
Return on invested capital	111.7%+4.4pp	107.2%+4.4pp	102.9%+1.6pp	101.3%+2.0pp	99.2%+4.6pp
Efficiency
Asset turnover	2×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×+0.1×
Liquidity
Current ratio	6.5×-0.4×	6.9×+0.3×	6.6×+0.2×	6.5×+0.2×	6.2×+0.1×
Quick ratio	6.5×-0.4×	6.9×+0.3×	6.6×+0.2×	6.5×+0.2×	6.2×+0.1×
Cash ratio	2.9×-0.3×	3.2×+0.1×	3.1×+0.1×	3×0.0×	3×0.0×
Leverage
Debt-to-equity	8×+0.5×	7.4×-0.4×	7.8×-0.2×	8×-0.1×	8.1×-0.1×
Debt-to-assets	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×	2×0.0×
Net debt / EBITDA	5.7×0.0×	5.7×-0.3×	6×-0.2×	6.2×-0.1×	6.3×-0.3×
Per Share
Book value per share	$83.37-4.1%	$86.96+3.6%	$83.94+0.8%	$83.30+1.5%	$82.03+1.2%
Valuation
Market capitalization	$342.24B-1.8%	$348.36B+1.6%	$343.01B-0.3%	$344.07B+3.3%	$332.94B+3.7%
Enterprise value	$363.34B-1.4%	$368.61B+1.4%	$363.64B-0.3%	$364.79B+3.3%	$353.23B+3.6%
Price / earnings	147.5×-8.7×	156.2×-4.6×	160.8×-5.1×	165.9×-0.1×	166×-2.9×
Price / sales	45.1×-1.7×	46.8×-0.3×	47.1×-1.2×	48.3×+0.3×	48×+0.1×
Price / book	92.3×+3.3×	89×-1.6×	90.6×-0.6×	91.1×+1.9×	89.2×+2.6×
EV / EBITDA	98.8×-5.1×	103.8×-2.5×	106.3×-3.3×	109.6×+0.2×	109.5×-1.3×
EV / sales	47.9×-1.7×	49.6×-0.4×	50×-1.2×	51.2×+0.3×	50.9×0.0×
Free cash flow yield	11.9%+0.6pp	11.3%-0.1pp	11.4%+0.1pp	11.3%0.0pp	11.3%+0.1pp
Earnings yield	11%+0.7pp	10.3%+0.3pp	10%+0.3pp	9.7%0.0pp	9.6%+0.2pp
Dividend yield	3.2%+0.1pp	3.1%0.0pp	3.1%+0.1pp	3%0.0pp	3%0.0pp
PEG ratio	9.6×+0.1×	9.4×+0.4×	9×+1.8×	7.2×+1.4×	5.8×-0.3×

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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.