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%+4.2pp	293.7%+2.9pp	291.8%+2.1pp	291%+3.5pp	291.2%+6.7pp
Operating margin	169.4%+7.8pp	166.3%+6.9pp	163.4%+8.5pp	162.3%+14.2pp	161.6%+20.2pp
Net margin	122.6%+7.1pp	120.1%+6.7pp	117.3%+5.7pp	116.4%+7.5pp	115.6%+9.2pp
EBITDA margin	194.3%+8.4pp	191.1%+7.3pp	188.1%+8.5pp	186.8%+13.6pp	185.9%+19.4pp
Free cash flow margin	132.7%-3.0pp	132.3%-1.5pp	134.5%+4.5pp	136.3%+8.9pp	135.6%+10.3pp
Returns
Return on equity	251.4%+23.5pp	234.7%+12.7pp	230%+12.7pp	229.3%+13.0pp	227.8%+12.7pp
Return on assets	60.8%+7.3pp	58.1%+7.2pp	56%+7.7pp	55%+9.3pp	53.5%+10.5pp
Return on invested capital	111.7%+12.4pp	107.2%+12.6pp	102.9%+12.7pp	101.3%+16.3pp	99.2%+20.5pp
Efficiency
Asset turnover	2×+0.1×	1.9×+0.1×	1.9×+0.2×	1.9×+0.2×	1.9×+0.2×
Liquidity
Current ratio	6.5×+0.3×	6.9×+0.8×	6.6×+0.3×	6.5×0.0×	6.2×-0.4×
Quick ratio	6.5×+0.3×	6.9×+0.8×	6.6×+0.3×	6.5×0.0×	6.2×-0.4×
Cash ratio	2.9×-0.1×	3.2×+0.2×	3.1×-0.1×	3×-0.2×	3×-0.3×
Leverage
Debt-to-equity	8×-0.1×	7.4×-0.7×	7.8×-0.4×	8×-0.5×	8.1×-0.9×
Debt-to-assets	1.9×-0.1×	1.9×-0.1×	1.9×-0.1×	1.9×0.0×	2×-0.1×
Net debt / EBITDA	5.7×-0.6×	5.7×-0.8×	6×-1.0×	6.2×-1.5×	6.3×-2.3×
Per Share
Book value per share	$83.37+1.6%	$86.96+7.3%	$83.94+5.5%	$83.30+10.3%	$82.03+14.0%
Valuation
Market capitalization	$342.24B+2.8%	$348.36B+8.5%	$343.01B+11.9%	$344.07B+23.8%	$332.94B+25.7%
Enterprise value	$363.34B+2.9%	$368.61B+8.1%	$363.64B+11.3%	$364.79B+22.4%	$353.23B+23.7%
Price / earnings	147.5×-18.5×	156.2×-12.7×	160.8×-10.8×	165.9×-0.8×	166×-4.0×
Price / sales	45.1×-2.9×	46.8×-1.1×	47.1×-0.7×	48.3×+2.9×	48×+2.7×
Price / book	92.3×+3.1×	89×+2.4×	90.6×+6.5×	91.1×+11.1×	89.2×+9.2×
EV / EBITDA	98.8×-10.7×	103.8×-6.9×	106.3×-7.4×	109.6×-3.0×	109.5×-7.9×
EV / sales	47.9×-3.0×	49.6×-1.3×	50×-1.0×	51.2×+2.5×	50.9×+2.1×
Free cash flow yield	11.9%+0.5pp	11.3%+0.1pp	11.4%+0.5pp	11.3%0.0pp	11.3%+0.2pp
Earnings yield	11%+1.3pp	10.3%+0.8pp	10%+0.6pp	9.7%0.0pp	9.6%+0.2pp
Dividend yield	3.2%+0.3pp	3.1%+0.1pp	3.1%0.0pp	3%-0.3pp	3%-0.4pp
PEG ratio	9.6×+3.8×	9.4×+3.3×	9×+1.8×	7.2×—	5.8×—

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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.