Moody's Corporation

MCONYSE

$492.52

Last price · USD

Market cap: $88.60B
P/E: 36.0x
EV / EBITDA: 23.8x
P/S: 11.5x
FCF yield: 2.9%
Div. yield: 0.79%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Moody's Corporation balance sheet

Annual · USD millions except per-share data · 48 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	2,384	2,408	2,130	1,769	1,811	+7.1%
Short-term investments	64	566	63	90	91	-8.4%
Cash & short-term investments	2,448	2,974	2,193	1,859	1,902	+6.5%
Net receivables	2,024	1,878	1,738	1,652	1,720	+4.2%
Accounts receivable	2,024	1,801	1,659	1,652	1,720	+4.2%
Other receivables	0	77	79	0	0	—
Prepaids	323	260	248	354	211	+11.2%
Other current assets	391	47	46	229	178	+21.7%
Total current assets	5,186	5,159	4,225	4,094	4,011	+6.6%
Non-current assets
Property, plant & equipment (net)	1,004	872	880	848	785	+6.3%
Goodwill	6,368	5,994	5,956	5,839	5,999	+1.5%
Intangible assets	1,866	1,890	2,049	2,210	2,467	-6.7%
Goodwill & intangible assets	8,234	7,884	8,005	8,049	8,466	-0.7%
Long-term investments	599	636	640	646	612	-0.5%
Tax assets	305	293	258	266	384	-5.6%
Other non-current assets	502	661	614	446	422	+4.4%
Total non-current assets	10,644	10,346	10,397	10,255	10,669	-0.1%
Total assets	15,830	15,505	14,622	14,349	14,680	+1.9%
Current liabilities
Accounts payable	62	53	23	52	47	+7.2%
Other payables	154	144	108	86	115	+7.6%
Total payables	216	197	131	138	162	+7.5%
Short-term debt	0	697	108	106	105	—
Capital lease obligations (current)	95	102	0	0	0	—
Tax payables	0	144	108	86	115	—
Deferred revenue	1,745	1,596	1,421	1,360	1,349	+6.6%
Other current liabilities	435	409	350	384	338	+6.5%
Total current liabilities	2,981	3,597	2,500	2,375	2,496	+4.5%
Non-current liabilities
Long-term debt	6,994	6,731	7,001	7,389	7,413	-1.4%
Capital lease obligations (non-current)	262	216	306	368	455	-12.9%
Deferred revenue (non-current)	56	57	65	75	86	-10.2%
Deferred tax liabilities (non-current)	315	449	402	457	488	-10.4%
Other non-current liabilities	1,017	728	872	996	826	+5.3%
Total non-current liabilities	8,644	8,181	8,646	9,285	9,268	-1.7%
Capital lease obligations	357	318	306	368	455	-5.9%
Total debt	7,351	7,746	7,415	7,863	7,973	-2.0%
Total liabilities	11,625	11,778	11,146	11,660	11,764	-0.3%
Stockholders' equity
Common stock	3	3	3	3	3	0.0%
Retained earnings	17,853	16,071	14,659	13,618	12,762	+8.8%
Additional paid-in capital	1,676	1,451	1,228	1,054	885	+17.3%
Treasury stock	(14,978)	(13,322)	(12,005)	(11,513)	(10,513)	—
Accumulated other comprehensive income (loss)	(500)	(638)	(567)	(643)	(410)	—
Total stockholders' equity	4,054	3,565	3,318	2,519	2,727	+10.4%
Total equity	4,205	3,727	3,476	2,689	2,916	+9.6%
Minority interest	151	162	158	170	189	-5.5%
Total liabilities & equity	15,830	15,505	14,622	14,349	14,680	+1.9%
Additional fields
Accrued Expenses	490	596	490	387	542	-2.5%
Net Debt	4,967	5,338	5,285	6,094	6,162	-5.2%
Total Investments	663	1,202	703	736	703	-1.5%

Moody's Corporation

MCONYSE

$492.52

Last price · USD

Market cap: $88.60B
P/E: 36.0x
EV / EBITDA: 23.8x
P/S: 11.5x
FCF yield: 2.9%
Div. yield: 0.79%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Moody's Corporation balance sheet

Annual · USD millions except per-share data · 48 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	2,384	2,408	2,130	1,769	1,811	+7.1%
Short-term investments	64	566	63	90	91	-8.4%
Cash & short-term investments	2,448	2,974	2,193	1,859	1,902	+6.5%
Net receivables	2,024	1,878	1,738	1,652	1,720	+4.2%
Accounts receivable	2,024	1,801	1,659	1,652	1,720	+4.2%
Other receivables	0	77	79	0	0	—
Prepaids	323	260	248	354	211	+11.2%
Other current assets	391	47	46	229	178	+21.7%
Total current assets	5,186	5,159	4,225	4,094	4,011	+6.6%
Non-current assets
Property, plant & equipment (net)	1,004	872	880	848	785	+6.3%
Goodwill	6,368	5,994	5,956	5,839	5,999	+1.5%
Intangible assets	1,866	1,890	2,049	2,210	2,467	-6.7%
Goodwill & intangible assets	8,234	7,884	8,005	8,049	8,466	-0.7%
Long-term investments	599	636	640	646	612	-0.5%
Tax assets	305	293	258	266	384	-5.6%
Other non-current assets	502	661	614	446	422	+4.4%
Total non-current assets	10,644	10,346	10,397	10,255	10,669	-0.1%
Total assets	15,830	15,505	14,622	14,349	14,680	+1.9%
Current liabilities
Accounts payable	62	53	23	52	47	+7.2%
Other payables	154	144	108	86	115	+7.6%
Total payables	216	197	131	138	162	+7.5%
Short-term debt	0	697	108	106	105	—
Capital lease obligations (current)	95	102	0	0	0	—
Tax payables	0	144	108	86	115	—
Deferred revenue	1,745	1,596	1,421	1,360	1,349	+6.6%
Other current liabilities	435	409	350	384	338	+6.5%
Total current liabilities	2,981	3,597	2,500	2,375	2,496	+4.5%
Non-current liabilities
Long-term debt	6,994	6,731	7,001	7,389	7,413	-1.4%
Capital lease obligations (non-current)	262	216	306	368	455	-12.9%
Deferred revenue (non-current)	56	57	65	75	86	-10.2%
Deferred tax liabilities (non-current)	315	449	402	457	488	-10.4%
Other non-current liabilities	1,017	728	872	996	826	+5.3%
Total non-current liabilities	8,644	8,181	8,646	9,285	9,268	-1.7%
Capital lease obligations	357	318	306	368	455	-5.9%
Total debt	7,351	7,746	7,415	7,863	7,973	-2.0%
Total liabilities	11,625	11,778	11,146	11,660	11,764	-0.3%
Stockholders' equity
Common stock	3	3	3	3	3	0.0%
Retained earnings	17,853	16,071	14,659	13,618	12,762	+8.8%
Additional paid-in capital	1,676	1,451	1,228	1,054	885	+17.3%
Treasury stock	(14,978)	(13,322)	(12,005)	(11,513)	(10,513)	—
Accumulated other comprehensive income (loss)	(500)	(638)	(567)	(643)	(410)	—
Total stockholders' equity	4,054	3,565	3,318	2,519	2,727	+10.4%
Total equity	4,205	3,727	3,476	2,689	2,916	+9.6%
Minority interest	151	162	158	170	189	-5.5%
Total liabilities & equity	15,830	15,505	14,622	14,349	14,680	+1.9%
Additional fields
Accrued Expenses	490	596	490	387	542	-2.5%
Net Debt	4,967	5,338	5,285	6,094	6,162	-5.2%
Total Investments	663	1,202	703	736	703	-1.5%